Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

what a trader

A Decision for a Newbie

Recommended Posts

Hi all, I am newbie here,

I need some advice on my trading decisions,:confused:

I have some money in my checking account around $1000 and i want to either invest it or use it for trading, but I know nothing about trading, but I really want to trade Forex. So, I decided to google it, and I found one which is called binary options, on this website extrasignals.com claims that it yields 81% every hour, it also offers a system, but I wasn't sure. So I signed up 2 days ago with whatever broker it was. I was interested because I need a fast return on my investment. So, has anyone here traded such things? If yes, would you gimme some advice? Btw, I am currently a business student...:)

:confused:

Thanks!!

 

Josh

Share this post


Link to post
Share on other sites
claims that it yields 81% every hour, it also offers a system, but I wasn't sure.

 

81% huh? Sounds like you found yourself a goldmine. Maybe they were saying that they manage to take 81% of client's money every hour. Don't believe it. If you want to trade, go find some more money then be prepared to walk a long path to success. If you want to make lots of money fast, well maybe just play the lottery- you'd probably stand a better chance of making money anyway.

 

Good luck whatever you choose to do.

Share this post


Link to post
Share on other sites
Hi all, I am newbie here,

I need some advice on my trading decisions,:confused:

I have some money in my checking account around $1000 and i want to either invest it or use it for trading, but I know nothing about trading, but I really want to trade Forex. So, I decided to google it, and I found one which is called binary options, on this website extrasignals.com claims that it yields 81% every hour, it also offers a system, but I wasn't sure. So I signed up 2 days ago with whatever broker it was. I was interested because I need a fast return on my investment. So, has anyone here traded such things? If yes, would you gimme some advice? Btw, I am currently a business student...:)

:confused:

Thanks!!

 

Josh

...................... ROTFLMAO

 

if he can make a lowly 8% per month, he will be very rich and do not have to deal with the hassle of stupid and greedy newbies.

Share this post


Link to post
Share on other sites

binary option....you give them your money.

1...you loose your money and learn nothing

2...you loose your money and learn something.

 

 

Seriously binary options are valid, but first you should understand options and trading. In a nutshell they are bets pure and simple. Ones where you generally have no idea what the prices are, and when you can get out. They are just bets.

Share this post


Link to post
Share on other sites
Hi all, I am newbie here,

I need some advice on my trading decisions..

 

Hey Josh..

 

Let me ask you something...would you go into minefield if you are not highly qualified in removing field mines?

 

Now just transfer this to trading,be aware that there are many field mines on a path,get rid of "fast$$$$ mentality",learn thing or two...

Wish ya all the best:)

Share this post


Link to post
Share on other sites
Hi all, I am newbie here,

I need some advice on my trading decisions,:confused:

I have some money in my checking account around $1000 and i want to either invest it or use it for trading, but I know nothing about trading, but I really want to trade Forex. So, I decided to google it, and I found one which is called binary options, on this website extrasignals.com claims that it yields 81% every hour, it also offers a system, but I wasn't sure. So I signed up 2 days ago with whatever broker it was. I was interested because I need a fast return on my investment. So, has anyone here traded such things? If yes, would you gimme some advice? Btw, I am currently a business student...:)

:confused:

Thanks!!

 

Josh

 

Stop!

 

The biggest (and only) question in forex is which way the price is going. If you think it will go down, sell, if you think it will go up, buy, else do nothing (stand aside).

 

Whether you study technical charting, fundamentals, both or neither, you will only make money if the price goes your way.

 

Binary options are no different, except you either lose your stake, but only get back say 80% of your bet if you win. You also typically have to take bets offered within a particular timescale, whereas in retail forex, your other choice, your timeframe is open. You can cut your trade to avoid losses, or let it ride to improve winnings.

 

Pleas,please,please take the time to study at least the market basics first, there are many sites that have such info, including traders lab. Take also a peek at Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading, do some papaer trading, get used to the chosen platform, then commit real cash.

 

Best of luck!

 

John

Share this post


Link to post
Share on other sites

A profitable form of forex trading that can lead the traders to earn significant amount of revenues comes under the binary option trading where the binary partners participate in the significant trading program run online or offline. Some traders prefer trading in binary options over other trading strategies. The reason behind this is the simplicity of trading for the traders where they do not need to be tensed about the issues like reward and risk rations, margin requirements and entry and exit points.

Share this post


Link to post
Share on other sites

It certainly sounds like a scam. 81% every hour is too good to be true. As someone already said, forget about the fast-money lane. It does not exist unless you are super genius. Learn trading with discipline and you should be able to make about 10-40% per year depending on how good you are.

 

 

----------------------------------------

Try virtual stock trading at http://www.strategyard.com/

Share this post


Link to post
Share on other sites
extrasignals.com claims that it yields 81% every hour

 

Provided you did not misunderstand their claims - anyone that promises 81% profit per hour is blowing smoke up your skirt. :smoking:

 

If you have limited resources, why don't you just get some books from the library, do some online research, open a micro account and see if you can turn $100 into $200?

If you can't go from $100 to $200 you aren't going to go from $1000 to $2000.

Share this post


Link to post
Share on other sites

I would advise you to learn more about binary options and how it works first before you invest...there is never guarantee in trading...there is no way to get rich in a couple of days...if you can gain %3-5 every month, you are doing great! think investing as a long distance running...

Share this post


Link to post
Share on other sites
"website extrasignals.com claims that it yields 81% every hour" is just fake promise and I did not listen anything about this broker.

 

probably another options gambling site :rofl:

those types of binary options are nothing but gambling imvho...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • CVNA Carvana stock, nice top of range breakout at https://stockconsultant.com/?CVNA
    • GDRX GoodRx stock, good day, watch for a bottom range breakout at https://stockconsultant.com/?GDRX
    • Date: 14th February 2025.   Can The NASDAQ Maintain Momentum at Key Resistance Level?     The price of the NASDAQ throughout the week rose more than 3.00% to bring the price back up to the instrument’s resistance level. However, while taking into consideration higher inflation, tariffs and the resistance level, could the index maintain momentum?   US Inflation Rises For a 4th Consecutive Month The US Consumer Price Index, or inflation, rose for a 4th consecutive month taking the rate even further away from the Federal Reserve’s target. Analysts were expecting the US inflation rate to remain unchanged at 2.9%. However, consumer inflation rose to 3.00%, the highest since July 2024, while Producer inflation rose to 3.5%. Higher inflation traditionally triggers lower sentiment towards the stock market as investors' risk appetite falls and they prefer the US Dollar. However, on this occasion bullish volatility rose. For this reason, some traders may be considering if the price is overbought in the short term.   Addressing these statistics, US Federal Reserve Chair Jerome Powell acknowledged that the Fed has yet to achieve its goal of curbing inflation, adding further hawkish signals regarding the monetary policy. Other members of the FOMC also share this view. Today, Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that the Fed is unlikely to implement interest rate cuts in the near future. This is due to ongoing economic uncertainty following the introduction of trade tariffs on imported goods and other policies from the Republican-led White House.   Most of the Federal Open Market Committee emphasizes additional time is needed to fully assess the situation. According to the Chicago Exchange FedWatch Tool, interest rate cuts may not start until September 2025.   What’s Driving The NASDAQ Higher? Earnings data this week has continued to support the NASDAQ. Early this morning Airbnb made public their quarterly earnings report whereby they beat both earnings per share and revenue expectations. The Earnings Per Share read 25% higher than expectations and Revenue was more than 2% higher. As a result, the stock rose more than 14%. Another company this week that made public positive earnings data is Cisco which rose by more than 2% on Thursday. Another positive factor continues to be the positive employment data. Even though the positive employment data can push back interest rate cuts, the stability in the short term continues to serve the interests of higher consumer demand. The US Unemployment Rate fell to 4.00% the lowest in 8 months. Lastly, investors are also increasing their exposure to the index due to sellers not being able to maintain control or momentum. Some economists also increase their confidence in economic growth if Trump can obtain a positive outcome from the Ukraine-Russia negotiations.   However, during Friday’s pre-US session trading, 80% of the most influential stocks are witnessing a decline. The NASDAQ itself is trading more or less unchanged. Therefore, the question again arises as to whether the NASDAQ can maintain momentum above this area.   NASDAQ - News and Technical analysis In terms of technical analysis, the NASDAQ is largely witnessing mainly bullish indications on the 2-hour chart. However, the main concern for traders is the resistance level at $21,960. On the 5-minute timeframe, the price is mainly experiencing bearish signals as the price moves below the 200-period simple moving average.   The VIX, which is largely used as a risk indicator, is currently trading 0.75% higher which indicates a lower risk appetite. In addition to this, bond yields trade 6 points higher. If both the VIX and Bond yields rise further, further pressure may be witnessed for index traders.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • LUNR Intuitive Machines stock watch, attempting to move higher off 18.64 support, target 26 area at https://stockconsultant.com/?LUNR
    • CNXC Concentrix stock watch, pullback to 47.16 triple support area with bullish indicators at https://stockconsultant.com/?CNXC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.