How to trade forex online?

Discussion in 'Business & Economics' started by Saint, Jan 5, 2015.

  1. Saint Valued Senior Member

    Messages:
    4,752
    Is it safe?
    I am from Malaysia.
    Can I do it using Android smartphone?
     
  2. Google AdSense Guest Advertisement



    to hide all adverts.
  3. joepistole Deacon Blues Valued Senior Member

    Messages:
    22,910
    If you have to ask those questions, I suggest you keep your money in a bank. Forex trading isn't for the novice.
     
  4. Google AdSense Guest Advertisement



    to hide all adverts.
  5. Saint Valued Senior Member

    Messages:
    4,752
    Bank pays very low interest.

    Please Register or Log in to view the hidden image!

     
  6. Google AdSense Guest Advertisement



    to hide all adverts.
  7. joepistole Deacon Blues Valued Senior Member

    Messages:
    22,910
    I know. But it is better to have your money than to lose it. Trading currency is for the professionals. I suggest you consider investing in equities. But laws vary considerably around the world. So you need to understand local law and understand the risks before you begin investing.
     
  8. Saint Valued Senior Member

    Messages:
    4,752
    Forex.com can trade.
     
  9. JohnSoto Registered Member

    Messages:
    7
    You are right. Unfirtunately, only a few people realize the essence of this basis. First of all, I am sure, you are happy to enjoy the results of work provided by the professional in any area of people life. But, anyway, you will have the result if you follow the recommendations provided by the high level helper of reliable software.
     
  10. exchemist Valued Senior Member

    Messages:
    12,451
    Unlike the appalling software used to make a bot like you function, you mean?

    Please Register or Log in to view the hidden image!

     
  11. RainbowSingularity Valued Senior Member

    Messages:
    7,447
    where are you now ?

    is sex with random strangers whom you meet on the street safe ?
    there is your answer



    banks make money from trading
    they don't want you taking their business or doing it for yourself without them taking a large percentage of your profit
    while also charging you a fee for every transaction AND another fee for having the account

    • basic business practice
    who pays for police if someone steals all your money ?
    me ?
    why should my taxes go to pay for your stupid choices where you have had your money stolen ?

    you can do almost anything from an android phone

    trading money
    basic safety
    needs encryption software
    that means a special app which is monitored by a security company or bank
    and which encrypts your data before you send it and then de-crypts it when it arrives in the trading server platform

    anything less than that opens you up for hacking to have ALL your money stolen

    most big banks offer monitored apps
    they will also cover a lot of your stolen money for you, for free.

    but you will find they charge fees for things

    as crypto opens up globally
    there will be a lot more people trying to avoid using expensive bank controlled encrypted systems
    that will cause hundreds of millions in losses for them
    and those same selfish Ass hols will try and demand children's education & health care money be taken from them and spent on policing their stupid gambling habits

    if you want to gamble
    its much safer going to a casino where you are least likely to be robbed
    you only have around a 2% chance of winning
    but you have a 95% chance of not being robbed

    using non encrypted systems to move money
    increases your chance at being robbed over time
    exponential risk to create complete failure
    then you will demand to take my health care taxes and spend them on policing your gambling, then i will want to start thinking about genocide & while some types might be a great idea

    96k encryption would be absolute minimum
    most governments can crack that if they want to & take all your money
    but they don't want to, its bad for business.

    once criminal organizations get hold of quantum computers
    everything will be very different
    you can kiss goodbye to crypto currency and digital money use then
    & only physical cash will have any real value
    and the world will be turned back to around 30 years ago to todays level of digital money use



    Forex sites
    for on site in server forex trading
    is mostly a big lie
    nothing is real time
    they cant afford the security level & monitoring required
    so its all post dated holds on transactions and money
    while they take a fee
    and a cut
    or say they wont take a cut but thy always charge a fee
    and collect the interest on short holds & liquidity values

    depending on the forex site
    some may have very poor security allowing anyone to hack your profile & then trade your money into their own stock then collapse their company through some partner 3rd party app
    small forex sites will make it all your loss
    big bank backed forex will probably cover your loses as long as you don't break the rules

    a lot of people want all the gains without any of the risks
    but still want to be able to gamble and be the king of the world
    it doesn't work like that
    but that is still how a lot of people want it and will try and demand it
     
    Last edited: Jun 4, 2021

Share This Page