Saxo Bank Review 🥇 Is Saxo Bank Scam or Legit Broker (2020)
Saxo Bank Review 🥇 Is Saxo Bank Scam or Legit Broker (2020)
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Saxobank Erfahrungen 2020 » unabhängiger Test broker ...
Which Broker to use if you have <100K
Hi, i am 23 right now and have been investing in stocks for a while. I'm currently using DBSV for sg stocks and Saxo for US stocks. Is IBKR better for US stocks in terms of overall fees ( Transaction, exchange rates, etc) if I have less than 100k invested and incur the monthly $10 fee? Really appreciate replies as i'm on a dilemma right now!
What are the best Forex trading platforms/brokers?
Forex brokers are firms that provide currency traders with access to a trading platform that allows you to buy and sell foreign currencies. Retail forex brokers, handle a very small portion of the volume of the overall foreign exchange market. Some of the best forex brokers: Saxo Bank This is considered one of the best forex brokers overall. It is the best overall because it has great competitive pricing to get involved, and has access to a wide range of markets. In addition it is very secure with multiple regulatory licenses. It also offers all forex traders with innovative trading platforms that really create more options for traders making them more successful. Btw, I am trying to build a team with people who are interesting in learning how to trade. Here is the link to join my team and the name of the company is called mastery im academy. it is an education platform to learn how to trade https://iM.Academy/corp/cjoin?enroller=trade2bewealthy IG This forex broker is considered best for CFD trades which means Contract For Difference. A contract for difference (CFD) is a popular form of trading that helps traders to speculate on the rising or falling prices of fast-moving global financial markets. This means that traders who like this trading style look for a wide range of tradable products in their platform which you can find globally on IG. IG is also very trusted around the world which is good for traders because they need to be able to trust their forex broker. They also provide Comprehensive research tools and real-time exchange data. In addition, they have a broad range of markets, including multi asset CFDs like cryptocurrencies. TD AmeriTrade This forex broker is only for US residents but it is great for Americans if you need a forex broker. If you are an American I would suggest this one because it is ranked number one for customer service and is very well trusted. It is regulated within the United States standards and is very heavily looked after. It has a wide array of premium research and tools to help traders succeed. They are predicted to start using Bitcoin trading which is also up to date and will be useful. They also have excellent phone support which can be an essential aspect of trading if you are hands on with questions and need answers. Overall, these are some of the best forex trading brokers. I highly recommend taking a look at these three forex brokers because they are some of the most regulated and also have good tools.
The strong rise in US yields was a chance for the US dollar to shine, but it largely failed to do so, merely backing up slightly over yesterday and into today as risk appetite staged a comeback and the slide in bonds and especially precious metals prices yielded to a bounce. Yesterday’s monster $38 billion 10-year treasury auction went off smoothly and is followed later today by a large 30-year auction.
Elsewhere, the rise in yields has proven more decisive for the Japanese yen, as USDJPY has now fully rejected the recent breakdown attempt (only placing it back in the range limbo higher and needing some heavy lifting before we can call this anything but a neutralization of downside threat). With the euro beating a path higher again this morning, this has EURJPY on a rocket launch trajectory and at its highest levels since early 2019, a move I find a bit mystifying. EURUSD for its part is launching a fresh bid at the cycle highs as we discuss in the chart comment below.
On the strong side, we find NOK leading the G-10 pack higher, followed by CAD, both of which are soaring despite only modest support from a bounce-back in oil prices (though many may see vaccine hopes feeding most quickly into oil prices on the assumption that a supply shock could await if demand normalizes more quickly than expected.)
The FOMC minutes last night showed an internal Fed debate that seemed to show little urgency to provide fresh forward rate guidance or any immediate shift to a yield-curve-control policy. Without fresh dovish ammo from the Fed, the USD rallied hard
The USD was actually on the comeback trail well ahead of the FOMC minutes yesterday before the release of those minutes extended the rally further – with the day’s action suggesting that some portion of the last round of USD selling was perhaps a capitulation move, with stops going through as new levels traded. The takeaway from the FOMC minutes lacked drama, and the reaction mostly revealing how touchy the markets are to any shred of evidence that doesn’t support the “the Fed will offer maximum support at all times” narrative.
Most of the attention on the minutes were on the luke-warm interest in the yield curve control policy option and elsewhere, less urgency expressed on the need for the Fed to establish forward guidance for its policy rate trajectory. On the latter, the following quote: > With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity regarding the likely path of the target range for the federal funds rate would be appropriate at some point.
The “at some point” in the above portion of the minutes contrasts with the seeming urgency to provide guidance in the prior minutes “at upcoming meetings”. The implication is that perhaps the Fed is ready to sit on its hands a bit before pre-committing to a course of action. This makes some sense given the ups and downs of COVID-19 and its resurgence and the strength in some over-stimulated sectors of the economy relative to weakness elsewhere.
The yield-curve-control (YCC) discussion was rather non-committal at best, with “most” participants in the discussion argued that YCC or yield caps make no sense when yields all along the curve are so low. Others worried about the risk of an “excessive” growth in the balance sheet under such a policy, a code-phrase for the Fed entirely losing relevance and forced to balloon its balance sheet if appetite for treasuries is lost under an inflationary / negative real interest rate regime. Those in favour of the policy liked it from the angle of it allowing the Fed to actually purchase fewer assets.
USDJPY sees most violent single day rally in over 20 years
USDJPY ripped above the previous range highs with conviction yesterday, and the vehemence of the move has caught traders unaware. There could be far more upside to come if domestic Japanese investors are losing faith in their currency.
The USDJPY move yesterday was an earthquake that deserves our undivided attention and may prove to be a starting gun for a significant expansion of market volatility [...] there were four moves of similar or larger size in the 2010-14 period, but two of these were linked directly to major Bank of Japan meetings in which Kuroda made significant policy announcements, and the other two were Ministry of Finance intervention moves against prior bouts of JPY strength.
What is promoting the JPY decline? We saw Japan printing one of its worst GDP numbers (-6.3% annualized) in Q4, an ugly data point but one that many were willing to write off as linked to the sales tax hike in October. But we also all have eyes on risks for this quarter’s numbers on the fallout from the Covid-19 virus and the risk that lingering concerns for travel and activity in general could persist for another quarter or more and thus through Tokyo Olympics, etc.
As a side note, let us recall that the Bank of Japan has been the world’s most aggressive user of QE and has grown its balance sheet to over 100% of the Japanese economy, injecting plenty of liquidity into the system, but liquidity that has largely sloshed elsewhere on parlous growth prospects domestically.
[Beginner Investor] Need help vetting my thoughts!
Hi Everyone! Been doing quite a bit of reading these past couple weeks to finally start off on my investment path, but still feel uncertain on a few points, and I was hoping some kind soul could help vet my thoughts?
Due to risk apetite, current situation, 15% DWT, and pursuit of a globally diversified passive investing strategy i've narrowed it down to starting off with IWDA (Might read up more on SWRD) + EIMI for now.a. Although these ETF's are bought in foreign fx, they're still the best option in terms of TER.ie. in comparison to SGX traded alternatives for global exposure (ex. sgx s27 for S&P500)
I've opened a Saxo account which i intend to grow till i hit 100K, at which point I should swap to IB.
My Saxo account is set to SGD, but ultimately that setting won't really matter as IWDA and EMIM are bought on LSE so i'll have to take the forex risk regardless.
Due to all the fees involved, it makes more sense to DCA into these ETF's on a quarterly basis vs for example 1K SGD on a monthly basis.
Do the above four points seem reasonable? I'm also curious, I've got quite a bit of savings in an Irish bank account.... I'm thinking of moving that over to my SG bank using transferwise to function as my emergency fund. Or would it make more sense transferring it to SAXO to use for investing in the LSE based ETF's? Thank you so much for any advice, i'd really really appreciate someone helping to sort out my thoughts! [EDIT] To help clarify on the excessive acronyms
DWT - Dividend Withholding Tax
DCA - Dollar Cost Averaging
TER - Total Expense Ratio
LSE - London Stock Exchange
IB - Interactive Brokers
IWDA, SWRD - Two global funds focusing on developed countries
Did Revolut just add a hidden 0.10% fee for exchange rates?
I am a heavy user of Revolut's great currency exchange system, however recently I discovered they added a hidden 0.1% fee. First of all, I am a Premium user with free unlimited currency exchanges ( https://i.imgur.com/0eosYkm.png) and I did this on a business day (Monday), so the default fees are excluded. In my example I am using EUR to RON exchange. The live interbank exchange rate bid is 4.7213 (as can be seen on Saxo Bank's member trading area) https://i.imgur.com/ohefpgY.png, however on Revolut all I get is 4.7164https://i.imgur.com/x6REiup.png. Math: real rate 4.7213 - 0.10% = 4.7165. Same for RON>EUR. Can anyone else confirm? UPDATE: I contacted support. At first the initial chat agent was rambling and giving me random FAQ info. He eventually escalated the discussion with a "manager" which pointed out that the exchange rate used was from "Forex-ICE" platform which does seem to have had a lower rate at that time https://i.imgur.com/qKHteKI.jpg. Not sure yet why was I given that rate instead of the better one.
Looking for safe and inexpensive solution for holding/exchanging NOK/EUR/USD
I'm looking for:
A safe (not a fintech) bank account outside of Norway that can hold NOK, ideally outside the EU/Euro zone
Ideally it would give me a personal IBAN account number, so my client can pay me directly in NOK
Ideally it would offer cheap currency exchange (NOK/EUUSD)
Being able to buy ETFs or stocks would be a plus (I have zero experience or training, but would like to get started)
Being able to fund the account with a credit card without a fee would be a plus (for credit card points etc.)
I'm open to combining several products
Any ideas? Some background in case you're wondering: I'm a self-employed IT consultant and I'm currently working for a Norwegian customer via an agency in Estonia. I'm originally from Germany, but now traveling full-time. Usually, my client (the agency) has simply paid me in EUR into my German bank account because it was easier, but now that NOK has devalued so much and I don't need the money immediately, I'd prefer to be paid in NOK. So that I can store/invest it and maybe exchange it to EUUSD some time in the future when the exchange rate is better. However, I don't really trust German banks because of the Euro crisis and I'd prefer to have my money elsewhere. I actually also have a Norwegian bank account from many years ago when I used to work there, but I'd prefer not to use that either as I'd like to avoid issues with the Norwegian tax office ("Why is there so much of our currency in your account when you don't live or work in Norway?!"). I've thought about Swissquote, which seems to offer a multi-currency account, as well as the option to invest in ETFs/stocks. But they seem to have high fees. Interactive Brokers is supposed to be very cheap, and they allegedly have even better asset protection. But their user interface is supposed to be difficult to use for beginners? And I guess they also don't have individual IBAN account numbers? Saxo Bank looks very nice, but it seems a bit more expensive, too? On the plus side, they seem to support funding the account with European credit cards without a fee. According to https://brokerchooser.com/compare-brokerage , for example Lynx is even cheaper than Interactive Brokers when it comes to forex. Revolut is great for cheap currency exchange (I use it all the time), but they have terrible support (they once froze all my money for over a week and you can only communicate with them through their app's chat feature) and I don't really trust them as they don't have a banking license yet. In case it matters, I have a US ITIN (taxpayer ID/"SSN" for non-residents) and credit score, and a Norwegian "D number" (basically the Norwegian equivalent of an ITIN), in addition to a German passport etc.
Ruslan Kamenskiy: "Hi everyone! I just got pm’ed a link to another Reddit post by someone disappointed with something. From the very first day of Genesis Vision company existence I’m getting different comments from dissatisfied people. For example, at the time of Genesis Vision ICO we had a Pre-Sale based on Options Program. People were investing 5% of their total investment amount during Pre-Sale to get the right to invest remaining 95%, getting the maximum 30% bonus. As a result, less than 50% of Options were executed. The rest Option holders were disappointed with something (no exchange listing announcements, bad marketing, etc.) Little has changed since then. Regularly somebody writes a longread about GV team not matching his/her expectations, sells GVT and leaves the community. This is a normal process for a big project and this is inevitable. Somebody leaves, others join. Nonetheless, I read most of these comments and I’d like to elaborate a bit more on the most common points. Team promised something, but failed to deliver it in time There are two main point here: 1) Our project is quite complicated from the technological perspective. Sometimes we really can’t develop and test everything properly in time. Sometimes we get additional technological challenges, which can be difficult to predict from the very beginning. Such things happen, this is the fact, we’re working on this and doing our best to avoid it in future. 2) Not everything depends on us. We’re a project “uniting all market participants”, and we depend on all these participants. We depend on legal, compliance and even political relationships between countries. Unfortunately, not everything is under our control and some questions are really time-consuming My main idea is that we’re developing the innovative product in the extremely unstable environment. It’s impossible to publish the exact roadmap and meet all the deadlines to the nearest day. Simply because the new factors affecting our development appear every day. I expected bigger marketing efforts, but I can’t see it I would’ve rephrased it to: “your marketing doesn’t meet my expectations” or “I can’t see your banners on forums”. To create an illusion of BIG marketing, all you need is: - Crank up the retargeting (in this case all your web site visitors will see only your banners everywhere) - Make 10 post per day in all social networks - Buy articles on cointelegraph, forbes, etc. And then everybody will have a feeling of a big marketing campaign and will be satisfied. But not for a long time. Because in the reality it’s not a “big marketing campaign”, it’s a big marketing budget sink. What you need to understand here is that our main marketing is the product and our partnerships. It takes much more time and efforts that buying banners, but it’s much more important in a long run. And that’s our main goal at the moment. However, we’re still having advertising campaigns. But each marketing campaign has it’s geo targeting, so there is a chance that you’ll never see our banners since you live in a region, that is excluded from our targeting. You’re not available in US and do nothing to solve this problem To clarify the situation I took top-3 Forex brokers from https://www.forexbrokers.com/guides/forex-trading Namely, Saxo Bank, IG, Etoro These are the companies with multi-million profits and armies of lawyers. However, they don’t work with US, which is clearly stated it the footers of their websites: https://www.home.saxo/en-sg/legal/disclaimesaxo-disclaimerhttps://www.ig.com/en/forex "Products and Services offered on this website is not intended for residents of the United States" If the US regulation question was easy to solve, these guys would’ve been there long ago. P.S. Please, share my post in Reddit"
What is the most convenient way to set up an account? I checked NBD DGCX trading, my initial thought was to trade EUAED but there is no symbol from what i can see. I'm also considering the Rupee after reading about environmental factors that affect the indian economy. For example, Economical events in Europe and the US occur after market closing.
Hello! I am ready to dive in the world of trading and after my basic education I am starting to pappertrade. I figured out that I sould choose from now the boroker I am gonna use in the future to get used to the platform. The problem is that there are WAY to many brokers out there and its hard to choose. I need your help reddit! What I need: - I am mainly gonna daytrade forex, maybe some stocks and futures at the future. - Low commisions, fees & spreads! I'm thikning of taking trades on small timeframes (5-20 mins , or a few hours). I am looking for a true ECN with comission model. I dont want conflict of interests with my broker - A good platform. I don't like MT4. I liked cTrader. - No requotes - No slippage - Fast executions! - Leverage. I need at least 1:200 , so I probably need a broker in Australia (?) - No problems with withdrawals. - Regulation and good reputation! I don't want to loose my money! - Low minimum deposit! I'm thinking about starting with 1000 euros, maybe 2000 max. Brokers I have found surfing the net: - Interactive Brokers - Saxo bank - IG - Dukascopy and the cTrader brokers: - IC markets - Pepperstone - FxPro - Roboforex What do you guys think? Have you got any experience with those guys? What would you suggest? All comments and extra info are welcome!
Hi there, currently saxo bank user but they change fees and increase the spread on the ask and the bid on some stuff. Could anyone here tell me the spread on the ask and bid spread on the CFDs on index Nasdaq, SP500 and Dax. Also if you are too kind, as well for forex EUUSD GOLD/USD. Thank you all.
I'm looking for a broker with access to different markets, especially Forex and stocks (not just CFDs). I live in Europe. A month ago I wanted to open an account with Interactive Brokers, but unfortunately I didn't meet their criteria (my monthly income and capital are too low, not by much though). Is there a way around those silly criteria? Other brokers don't have these criteria. So I looked for another, and found Saxo Bank. It surprised me that their application process is much simpler than Interactive Brokers, I just needed to upload a scan of my ID card and a proof of residence. It almost made me think that Saxo Bank is less serious than Interactive Brokers, perhaps a silly conclusion, or not? Saxo Bank covers less markets but enough for me. One thing I'd miss is that you can't short shares. What are your experiences with Saxo Bank?
Hey, I am ust starting to get into the forex market, and I need somewhere to practice. I have been using saxo bank as a sim, but I only have limited time unless I put in some money. I was wondering if there are other softwares as complete as saxo but free to practice without limited time. Any suggestions are welcome. Thanks
9Space.me a U.K company Scamming though Telegram in millions of Dollars $$$$
This is scam, and it’s not about the money quantity it’s because you know it’s a Ponzi scheme... and you are advertising it?, where in their website or telegram states “Hei we are a Ponzi scheme and you should know about it?” Do you think this is the dark internet and all is allowed?, do you know that even on dark, open, around up and down internet or app like telegram is ilegal the Ponzi scheme ? And can be prosecuted?, if you deal in futures and options or even on Forex you can sustain profits like this , more now with the usage of invest robots?, and if you compare volatility of cryptos ... you know you can really make such profits and share with those that give you the money ???, in short higher profits are not necessarily based on Ponzi unless they are just another swindlers willing to take your money... but if honest ,even sports betting houses can match such profits , I know I can loose money on higher rates because of the nature of investment and this is okay ... but that somebody comes and just take your money off you, start threaten like mafia, commit coercion by asking more money if “you want” to get your money , that say that they stop to pay me for verification (KYC is the only verification accepted by OCDE and does not require money) and I say I’m more than willing to be verified and also ask names and contacts... NO, this is against the law and need to be cleaned if not all possibilities for good people doing the right thing in this technology kind of, will be banned... and as a developer I am, not having problems to identify myself and with my money what I do?, denounce... My money has been illegally taken by some guys nobody knows, although telegram has a single identifier for all of us...?, that within 2 months or now will open a new bot offering the same ... and this is it, bad guys win???, and I can’t defend myself because the community is already brainwashed by the bad guys paying referrals??? , they just took my money and I may loose it but not for a bad investment as for somebody who just took it, and I want them to be put where they deserve, I’m one but will find all those scammed by them one by one and will add it as s collective denounce, they also register companies in the UK or USA (ethonline.io ie) and there even for $5 , you risk a long Holidays state paid, this is what I want, clean the house... I’m sorry to hear you accept Ponzi schemes as normal when is forbidden worldwide ... I did not invest in a Ponzi scheme, at least they never told me or warned me... if you knew it you should tell the people... not promote something ilegal This HYPP channel is a sort of how to deal doing wrong ? Check CFD (contracts for a difference) investments work 24/7 one of the best is Saxo Bank investment platform but there are many, all regulated and if you do well with a proper invest robot soft can sustain profits around 10 to 300% a month investing in oil, commodities, or currencies... if you check volatility of the crypto currencies and compare to crude oil volatility... you can sustain even 5 times higher profit... of course yo can loose, but is for real, they are on the other side, and they ask your ID and address as they are regulated... was not aware I was entering in the Jungle just because of telegram ... I accept losses but not fraud ... For 9Space scammed people this is the place to go and report even you can call them from everywhere in the world and guaranteed as confidential NQA , not the HYPP so they can profit from referrals and even after they said “ I’ve told you or I’ve warned you” when they are also responsible for your losses Here is the link for scammed people by companies registered on the UK 9Space bot scam confirmed they cheated me ... will pursue and make a proper denounce and those who want can make it at We all might need money or else but what these people are doing is very serious is not a kid’s game and damages all the potential to honest bots we have to stop them https://actionfraud.police.uk/report-a-fraud/how-to-report-a-fraud
It is obvious that there are different factors that impact the Forex market. Some factors are complex to be understood whereas some aren't. The Forex market deals currencies, so the economy is the major factor that involves the currencies. A level of economy in a country has a lot to do with the strength of the currency. Even the central bank reaction to the market can create high volatility. If you know the Swiss central bank incident, you should recall it right now. When it decoupled Swiss franc from Euro, it impacted many market participants in the industry. The reaction to this incident could have been avoided or anticipated beforehand, but it did not happen that way. The intervention had a great impact, where 30% gain was for Swiss franc over USD and Euro. Some traders were booted out of the market, some traders were able to gain millions, and some brokers were suspended or moved out of the business. However, what you should understand from the above incident is that the economy plays a huge role. If you are focused on the country's economies, you can make a sound decision. The Australian traders, they would have studied the economies thoroughly, so they were able to make higher profits.
Fundamental factors are the most powerful price driving catalyst in the Forex market. Those who are new to the trading industry often ignores fundamental analysis. But if you do so, you are never going to become a professional trader. You have to master both technical and fundamental analysis to become a profitable trader. Things might seem a little bit hard at the initial stage but if you focus on the long-term trend, you will get an overall view of the price movement.
Every economy has an impact
Every countries currency has the direct impact on the country's economy. But the hardest part is that economy is complex to understand. The anticipations made by the traders can or cannot be accurate. However, the Forex traders need to go handle a lot of things to maintain the Forex trading account Australia. Even the reputation, geopolitics and many other factors of the country will have something to do with the currency value. These factors will have the long or short-term impact on the currency value. The economic reports may create market volatility, so you should be ready to deal with any kind of changes in the price value. The predictions can vary according to the traders, so it is pretty hard to make the clear decisions related to the market. However, if you have the rapport with the market movements and the economy, you will be able to make the proper decision. It is not guaranteed that all your decision might be correct because there are times that you may earn losses.
Naïve expectation about trading
Most traders fail to trade successfully because they have naïve expectations about trading. The traders fail to understand the long-term issues in the market. They may not even consider the country's economy assuming that it is not important whereas it is important. If a country's economy falls down it may directly affect the price value or strength. This kind of situation will create a huge difference in the trading journey. And if the trader is not aware of this issue, the problem can be huge. You shouldn't have non-viable expectations rather be practical about the market happenings.
The intervention of the central bank
This is one of the major issues and the must-handle situation in the trading journey. If you are trading foreign exchange currency market, you should know the factors that will affect the currency value. So one such factor is the intervention of the Central Bank. Once this happens the overall movement of the currency slows down, so as a trader you should have the broader knowledge about it.
Why Telegram is allowing this scam 9Space.me U.K company.
This is scam, and it’s not about the money quantity it’s because you know it’s a Ponzi scheme... and you are advertising it?, where in their website or telegram states “Hei we are a Ponzi scheme and you should know about it?” Do you think this is the dark internet and all is allowed?, do you know that even on dark, open, around up and down internet or app like telegram is ilegal the Ponzi scheme ? And can be prosecuted?, if you deal in futures and options or even on Forex you can sustain profits like this , more now with the usage of invest robots?, and if you compare volatility of cryptos ... you know you can really make such profits and share with those that give you the money ???, in short higher profits are not necessarily based on Ponzi unless they are just another swindlers willing to take your money... but if honest ,even sports betting houses can match such profits , I know I can loose money on higher rates because of the nature of investment and this is okay ... but that somebody comes and just take your money off you, start threaten like mafia, commit coercion by asking more money if “you want” to get your money , that say that they stop to pay me for verification (KYC is the only verification accepted by OCDE and does not require money) and I say I’m more than willing to be verified and also ask names and contacts... NO, this is against the law and need to be cleaned if not all possibilities for good people doing the right thing in this technology kind of, will be banned... and as a developer I am, not having problems to identify myself and with my money what I do?, denounce... My money has been illegally taken by some guys nobody knows, although telegram has a single identifier for all of us...?, that within 2 months or now will open a new bot offering the same ... and this is it, bad guys win???, and I can’t defend myself because the community is already brainwashed by the bad guys paying referrals??? , they just took my money and I may loose it but not for a bad investment as for somebody who just took it, and I want them to be put where they deserve, I’m one but will find all those scammed by them one by one and will add it as s collective denounce, they also register companies in the UK or USA (ethonline.io ie) and there even for $5 , you risk a long Holidays state paid, this is what I want, clean the house... I’m sorry to hear you accept Ponzi schemes as normal when is forbidden worldwide ... I did not invest in a Ponzi scheme, at least they never told me or warned me... if you knew it you should tell the people... not promote something ilegal Check CFD (contracts for a difference) investments work 24/7 one of the best is Saxo Bank investment platform but there are many, all regulated and if you do well with a proper invest robot soft can sustain profits around 10 to 300% a month investing in oil, commodities, or currencies... if you check volatility of the crypto currencies and compare to crude oil volatility... you can sustain even 5 times higher profit... of course yo can loose, but is for real, they are on the other side, and they ask your ID and address as they are regulated... was not aware I was entering in the Jungle just because of telegram ... I accept losses but not fraud ... For 9Space scammed people this is the place to go and report even you can call them from everywhere in the world and guaranteed as confidential NQA , not the HYPP so they can profit from referrals and even after they said “ I’ve told you or I’ve warned you” when they are also responsible for your losses Here is the link for scammed people by companies registered on the UK 9Space bot scam confirmed they cheated me ... will pursue and make a proper denounce and those who want can make it at We all might need money or else but what these people are doing is very serious is not a kid’s game and damages all the potential to honest bots we have to stop them https://actionfraud.police.uk/report-a-fraud/how-to-report-a-fraud
A brief over of the financial market for the beginners
Investing has always been a tool for managing personal finances. In this era of modern technology, people tend to invest in the most profitable option available in the ocean of vast opportunities. Foreign currency exchange or Forex is a new door to all. It is actually trading of foreign currency i.e. the act of simultaneously buying one currency while selling other currency at a higher risk so as to gain higher profit. Over the counter (OTC) Forex Market has no physical structure or location and the trade is done via a global network of business, banks & individuals for 24 hours a day from Sunday evening to Friday. Deposit a small value of his or her position which concludes into the higher potential of profit or loss than the traditional trading. While trading in forex one has to be careful and intelligent enough and have some risk management knowledge to gain the highest profit. Forex is quoted in terms of one currency versus another currency as a pair. To be honest you need to have strong patience in order to become a profitable forex trader. Basic concept about the currency pair: The currency on the left is known as “the base currency” and the right is called the “counter currency”. An experienced Forex trader shall calculate the risk and buy a currency pair where the value of the base counter currency will strengthen against the counter currency. On the other hand, he or she will sell those currency pairs where the value of the base currency will weaken against the counter currency. There are mainly two different types of currency pairs in the world .if the currency pair is comprised of USD than it is called major currency pair or else we call them as a synthetic pair. For instance, EURUSD is a major pair and the GBPJPY is a synthetic pair. If you are new in trading then you should trade the major currency pair’s only. But if you are an experienced trader then you are most welcome to trade the synthetic pair where the volatility is extremely high. Risk exposure in the market: Forex trading has a high risk of immense loss if research is not done properly and the decision is made in relation to scanty information, while if calculated properly it can result in a huge profit. There are several factors which may affect the Forex prices such as political and economic stability, monetary policy, currency intervention, natural disasters etc. Forex trading is not a typical office or desk jobs. It can be done from anywhere at any time suitable for the trader. Even the most professional traders in the financial industry often have some losses in the market. But the professional traders in the options trading community always make sure that their losers are always smaller than their winners in the trading. And they always execute their orders in the market with perfect risk management factors. Trading as a career: As the forex market is highly flexible, the trading can be done as a permanent job as well as a part-time job. Though making a profit is the main purpose of forex, there still can be a risk of losses. Even when you are making profit someone is losing. But just because one loss no one needs to quit the market. First loss can be the step for a huge profit if the mistakes are taken care off. There many professional traders in the options trading industry who are making consistent just by trading the live assets in the market. But in order to become profitable in trading, you must have a clear concept of the forex market. So if you truly want to secure your financial life than you can learn the art of forex trading. Summary: Forex is an updated trading system which includes a business plan and worldwide networking. Even though there are risks of loss, a correct business plan and market calculation can be the reason for huge profit and success. Options trading has given a wide range of trading choices to the professional trader's community where the traders can trade different financial assets and make a decent profit while observing less technical parameters in the market.
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