Secret of the FOREX Market

What is FOREX?

FOREX or FX stands for Foreign Exchange, which is the market where the currencies of the world are being traded. Its daily value traded goes beyond USD5 Trillion. It is a favourite market for speculator gaining from such sheer size of volume.

Thus, there have been many tools and methods used to make profits by both traders and investors.

Online forex trading start to appear everywhere online and gives opportunity to explore and exploit the potentials of gaining money.

Remember that online trading platforms are just one of the tools. There are many other ways for people to make money directly and indirectly through foreign exchange. For now, I’ll be focusing on ‘online forex trading’ as there is a huge hidden secrets not known by the general public.

THE SECRET

How does the online trading brokerage works? Have any of you gave a thought about it?

Unlike regulated markets, such as stocks, futures and options, these ‘Online Forex Trading’ is not a regulated market. What does that mean?

- It means, the prices shown to you can be manipulated.

- It means, different online forex trading platform could be showing a different buy/sell price compared to others.

- It also means, within a single online forex trading platform, could be showing different prices to different traders.

Does that shock you? Now a bigger revelation.

Unlike other markets such as again stock market, futures market and option market, you are not selling to another buyer or buying from another seller.

What? Then, with whom I’m buying and selling?

It’s the Online Forex Brokerage themselves you are trading with.

Still confused? Let me explain.

You may have seen that some platform works better that then the others, even by using the same indicators and techniques. Why is that so? It’s because it’s an unregulated market and the prices can be manipulated.

In a regulated market, when a seller sells, he’ll be selling to another buyer through a stock exchange. The buyer and the seller won’t know each other except the stock exchange. The transaction is made and recorded.

Stock Exchange Trade Flow

 

In an unregulated market, especially these Online Forex Trading brokers may not even have the actual cash converted. You would be just trading with the broker instead of buying from another seller or selling to another buyer.

The online broker could be just providing you with a virtual cash that doesn’t exist and you are trading with them. Even, if they do, your trade are not affecting the actual market. Whatever displayed to you is being manipulated to ensure in the end the online forex broker wins.

Foreign Exchange Market Trade Flow

"They are just another CASINO."

This is the main reason why I don’t recommend trading forex to anyone.

Reliable Online Forex Trading Brokers are far apart. Make sure you do proper research before you use any platform. I know some friend who are doing well with their Forex trading, but you need to understand the risk and learn from the real expert.

Another way to trade foreign currency is by trading FOREX Futures, which is regulated. No data manipulation can be done.

SCAM 101: The Big Devil, Little Devils: Scammers at all scale

Hello Everyone. It have been quite sometimes since I posted something.
There have been many comments sent to me related to FXUnited and other Forex based scam. (http://moneyburp.blogspot.com/2015/02/scam-alert-fx-united-capital-guaranteed.html)
Some are furious about it, but many are aware what is going on. I'm glad that I managed to alert the public up to certain level. I'll reply those comments soon in the next  2 to 3 days. Before I do so, I would like warm up with some enlightenment on scam.

Let me introduce to you all, THE BIG BADASS DEVIL PONZI-PYRAMID diagram.

Huh..What is this all about? Who is this Big Badass Devil and the Little Devils?

Before I answer that, let me explain what I meant by Ponzi-Pyramid scam. It's actually a Ponzi scheme which is accelerated by adding a pyramid or MLM structure into it. This have existed for a very long time.


The Big Badass Devil
They are the main conmen, the syndicate, the scammers who starts the so called company to run their scam. Their intention is purely to grab all the money those innocent and/or greedy people willing to throw at them. They have no intention of creating a win-win business model. Well, they are the conmen.

Little Devils
So, who are this Little Devils? Sadly, they are the people who joins a scam by knowingly it is a scam.
Seriously, why would anybody in their sane mind do that?, you may ask. The reason is they just going to use the scam mechanism and earn as much money as they can by becoming among the first who join them. All they care is money. They'll find people to join in so that they can rip off all the money as quickly as they can before the scam mechanism shuts down. Thess people in my opinion are equivalent to the Big Badass Devil, except their gain are slightly smaller. They are not concerned about the innocent people who will be joining under them. All they see is money.

Just take note that, not all the people who joined a scam and recruits members are little devil. They could be some innocent people who didn't realized it's a scam.

Why people beleive this Little Devils? It's because of TRUST and HUMAN BONDING.

SCAM ALERT: TOOGLEADS!

ATTENTION!!! PONZI SCHEME DETECTED!!! DO NOT JOIN THEM!!!

This time they disguised themself as an advertisement portal, www.toogleads.com

You'll be paying only
- RM10 for 1 ad space (6 months)
- RM40 for 4 ad space (1 year)

So far, they look like a valid business model.

Here's where the scam shines through -

With every RM10, you'll be getting back RM1967.40 after 6 months, and...
With every RM40, you'll be getting back RM7869.60 after 1 years.

Thats's like 20,000% in 6 months and surprise it is still  20,000% in one year.
THIS IS DEFINITELY A SCAM!

WOW! Unbelievable! Many got attracted by this and bought a lot of ad lots.

Unfortunately, I found out this scam because my own father put in some money without my knowledge. Thank God, he didn't put in much money. But, money is still money and I don't want some conmen gaining out of this.

The thing is many people especially low income people and elderly people (including my father) didn't really know what is it about. They are being enticed by other member who are recruiting more people to join. WHY OTHERS ARE RECRUITING? It's because of this... More incentives

Now, now, now, don't get blinded by this money. Remember, it is still a SCAM.

Another thing to note is, many of the advertisement on the website, http://toogleads.com/web/home.php, contains more scams and betting websites.

REMEMBER! IF IT'S TOO GOOD TO BE TRUE, 99% IT IS A SCAM!!

You would find some representatives phone number on the webiste. I just feel sad for them, because they are definitely not the real conmen. They would be the scapegoat when the entire scam bust.

Hope people are more aware and don't get cheated so easily with all this scams in the future.

SCAM ALERT: FX United Capital Guaranteed Auto Trading (C.G.A.T)

UPDATE: There are new evidence thanks to Anthony, that shows FX United is a scam. Check out the new article here: http://moneyburp.blogspot.com/2016/02/scam-alert-2-fx-united-capital.html

ATTENTION!!! PONZI SCHEME DETECTED!!!

Please be aware of this scam which guarantees a return of between 12% to 20% returns per month.
Yes, there is a guaranteed minimum return of 12% per month. Not a year, it's a month. Which is ridiculuosly guaranteed return of 144% a year.
This is confirmed a scam. WHY?

1. They promise a minimum return of 12% a month. This is ridiculous!!
2. It's monthly, not yearly. Again ridiculuos!!
3. Why would anyone want to share those 12% with anyone. They could just take a huge bank loan or find a wealthy investor to invest with them and enjoy their life with it.
4. They have already suspended few countries from withdrawing their money.
Check this forum: http://www.forexpeacearmy.com/forex-forum/resolved-issues/31219-fxunited-com-scam-refused-release-our-funds-resolved.html
5. Sooner or later, I guarantee this. The governemnt will ban this website very soon.

Some of you may say that they have been paying very well for the past 2 years.
That's because, it's a megascale Ponzi scheme. WAKE UP! PEOPLE!

The are greddy people out there trying to get more people to get into this Capital Guaranteed Auto Trading. Why? Because of reveral program which again gives ridiculuos returns.

What if you have already "invested"?
Withdraw them as soon as possible.

UPDATE (3:00PM):
The scale of this scam is worrying. There are even Malaysian blogs which are claiming this is not a scam and there are previews schedule throughout the country. I just hope my blog will enlighthen people on this.

UPDATE (15/10/2015): 
Please check this: SCAM 101: The Big Devil, Little Devils: Scammers at all scale to understand how people end up recruiting others even thou they knew it's a scam.

And this as well: 7 Things You Don't Know About Scam. 

I have a better investment opportunity. It can give guaranteed return of 20% per month and up to 1000% per year. Check this out: POTENTIAL RETURN OF UP TO 1,000% - LOOKING FOR INVESTORS