Is forex the way to true wealth and financial independence?
Is forex the way to true wealth and financial independence?
no. selling the illusion of easy wealth and financial independence is the way to true wealth and financial independence.
t. Kiyosaki, Ramsey, and Orman
Forex is the key
easy to triple zero
>you can easily become rich over night
>pay me to tell you more
shit is free my friend
>yfw Jow Forums doesn’t know the real path to wealth
Not unless you have millions already. Even the best forex traders make only 30-40% in a typical year. These are the people working at Goldman/JPM, who have access to mountains of information. Sure there will be years where they make 2-3X their money, but those are typically once in a decade if not less.
Being a poorfag inexperienced trader expecting to make 50%+ a year is idiotic. Im not saying its impossible, in my first 5 years as a trader, I made ~63% annualized after fees. That didnt change the fact that I had
is this a joke?
>3 nigger and a roastie
no way they are making anything from trading
nope
Just put all your money in conventment
Nah man forex is fucked. Leveraged cfds are structurally -EV and also riskier than they appear.
no way this is real LMAOOOOOO
How desperate, dumb, and black would you have to be to fall for this shit?
>WE
>WUZ
>KANGZ
Ask me how I know we’re in a bubble
Forex is difficult to profit from in general because the factors that affect it are numerous and complicated, coupled with movements that are very small. You either put a lot of cash at risk or you use leverage and margin generously. It’s just not the glamorous market you think it is. I don’t know where people get this enchantment about it from
how do you know we’re in a bubble
It’s rhetorical
but how do you know we’re in a bubble
What does rhetorical mean?
how can you tell we're in a bubble from rhetorical
I think the bubble was rhetorical.
LOL FUCK NO!
Happiness, well, im a depressed sadsack piece of shit but i hear that it's relative and you just gotta find peice and love yourself. Or whatever. Good luck on that end.
As far as the path to freedom. Study personal finance and investing books
YOU MUTHERFUCKER DONT YOU EVER PUT KIYOSAKIS NAME IN WITH THOSE 2 USELESS KEKLOARD SHILLS.
anyone at the richdad company or anyone like me that is meerly a fanboy until i get my shit straightened out hates the fuck out of those 2.
>get out of debt
>cut up your credit cards
>be frugal
>Save save save!
Kiyosaki and anyone with anythibg besides air between their ears knows to do exactly the fucking opposite!
I mean, ffs. I went from 200k in bad debts and a 400s credit score yo 760 and climbing and like 60k in GOOD debt.
My life has forever changed for the better and continues daily because i read rich dad poor dad and didnt stop reading
is that ava addams ? wtf lmao
I just did my very first ever investment into Cryptocoins earlier today
I don't know how this market works on the long run so I just bought a small amount of Ethereal because it was cheap and seemed like a good choice, I'm going to keep an eye on it to see if I can double my initial investment and hopefully learn enough about the downs and lows of this market so I can maybe one day earn a bit more money on the side
Wish me luck!
No. Starting successfull businesses is.
no way this is real
>invest
>shitcoins
user sell it and get books on personal finance and investing before gambling with shitcoins
he'll be fine. let him learn
You can make good money in forex if you take the time to really learn and study the market. But it takes time and practice.
That being said you can make money doing anything with time and practice, looking for an easy million will get you nowhere.
Alright i guess. It just pisses me off. My faggot friends are all about starting a business to get rich. Yet they have never so much as held a managerial position or read a fucking book on how to properly run one. Then have nerve enough to tell me you can't lose money on a 401k and they invest in a stock portfolio.
Whatever faggots. Im done. Stay poor. When i am rich i will just order a pallet of rich dad poor dad paperbacks.
When someone asks me "how are you rich." I'll hand them the fucking book and tell them read this. Then if any of them actually take some fucking initiative and do it i will walk them into my library and make them a key card to get in and check out 3 books at a time.
Maybe 1 in 10 people will stop living paycheck to paycheck after being introduced to real investing. Overall, seems worth it to me
Are you fucking meming?
When you see this shit it is EXACTLY the kind of thing you see before markets decline broadly. Maybe not bubble per se but a hint at a looming recession. I recall seeing the same things in 2006.
When people get rich quickly from investment, and don’t even understand how or why they got rich, you can bet that values are overstated.
Well, i fucking give up. Maybe in a couple years when i retire to tend to my rentals until i can get a property manager and some oil leases. Maybe then i will try and get my faggot friends to listen to me.
There is nobody around for an entrepreneur club or anyone like minded at all around here. I hate this shit. Im not wagecucking just to retire at 70 and die a month latter.
Where you at lil broke az white boys?
are you retarded? You realize the forex is not equity right?
WTF is this shit
stay sleepin
Flexing so hard on the gram the jet is still chock blocked LOLOLOL
ALL THE WAY UP
>A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. DailyFX found that many FX traders do better than that, but new traders still have a tough timing gaining ground in this market.
>In fact, it is estimated that 96 percent of forex traders lose money and end up quitting
>96 percent of forex traders lose money
>96 percent
>96
Id just like to mention i dont trade forex anymore but i used to work for a firm that did and our main job was getting people to use our platform
I recently activated this account with a small $1000 pot and made about 30-40 small trades in 1 day as proof to all the ignorant fucks that you can make money in forex, if you know what youre doing.
anyone who gets mad and say you cant has literally had a history of losing.
this. stop listening to these frauds selling you a dream.
Also I've always wondered about the 4% of "profitable" traders, they could easily wipe out their gains with some bad decisions in a week
What is the time frame for a "profitable" trader, one year?
i assume it is only a year. its like the majority of actively managed funds who underperform index tracked funds. only 4% are able to provide better returns, yet they're unable to do that year after year.
>aaaaaaand its gone.
look at the spreads on most forex brokers. you need to be properly capitalized to account for that and properly set stop losses
>White girl
>Dreads
Yeah she's crazy alright
>AND ACCREDITED INVESTORS AN SHIEEET
I thought it was that girl from FRIENDS. AVA looks better than that
AHHHHH HAHAHA! MAN. People are fools. Absolute fools!
>dropped out of college 7 times.
Nice fucking meme. I dropped out of juco twice but you dont see me faking like im bently rich
Playing a game with your hard erned money where there is only a 4% chance u break even.
LOLOLOLOL
In 1 day. Proof.
Do it consistently faggot
Say salty whiteboi
Must be nice. I make 40k a year. Got 60k saved up to go in 1/2 on an oil well with a bro. The SEC wont let us.
You have to be rich to get rich.
Suck my fucking anerican cock sec u nazi pieces of shit
Apes on a plane
>fell for the Jap Jew
>implying I’m talking about equity at all
Reread my fucking post would ya? I’m talking about the broad market.
Watching everyone from bottom rung to top slosh their money around and see fast, unusually large returns, of course they spend, they acquire lots of expensive things (financed), it’s always the same throughout history. Bull’s getting tired. You’ll still act surprised when prices fall
BRUHHH SO FUKIN LIT
sleep or be woke all up to yall honestly
entrepreneurship will always be the 'easiest' way
>poor
>200k in debt
>420 credit score.
>read kiosakis book.
>read other personal finance and investing books
>pretty much 0 bad debt
>close on 3rd house next week
>760 credit score
Save THOUSANDS already just by fixing credit and debt consolidation loan.
WHEW LAD I SURE FELL FOR THAT MEME DIDNT I.
Fuckodd brokefag
Bullshit. Hands down the hardest. But its worth it
whats your income and how long did it take? curious
interestig. no forex then. cheers
im in downtown. this would be paradise if not for the people
Almost anything is if you're good enough at it.
So you’re telling me these hoodrats could really be making a killing?
Recent microeconomical studies show that entrepreneurship is worthless. Innovation is more hassle than it's worth - that's why all the big companies have been shedding and outsourcing their R&D for decades now. Small businesses fail hard and your time is better spent just flipping rubles between shifts your crappy tollbooth dayjob.
entrepenur cucks BTFO
Forex am real amazing way for make money, but EVERYONE who am good has blow up their account a few times
post this video please
;_;
there are like 3 "roasties" me follow on twitter who post their live trades, they routinely get 200+ pips daily
they have some sort of house mommy power
Businesses are like shitcoins, you're supposed to sell at the top not hodl them
no. choice insider ICOs like dragonchain and theaccountingblockchain.io
plan on using GVT to get into forex.
This is a board for business and finance you dumbass. When you see forex on the front page of reddit then come and spout your shit about bubbles.
#stayblessed with the #forex
Hear, Hear!
Why would you want more people to do that anyway? We can't all be 1% living off passive income. The less competition, the better
>he doesn't know you can profit off downtrends too
>UCF Campus
Knightfag here, when I go and film it what should I say?
also should mention I have a social traffic aggregation business and a web development/SEO agency, so I'm not rich but honestly probably make more than "CASHDAGREAT"
fuck, nevermind it already happened lmao
will ABSOLUTELY go to the next one though
>forex so slow moving that it's so predictable.
>not profitable
Top kek.
Forex is so easy to predict, especially on major pairs like the EURUSD. Have you even seen the movements of these markets? It's actually so slow that you need leverage to even profit from them. Major currencies move around 0.10-0.20% per day at best. What wipes traders out isn't the market movement or volatility, it's the retarded newbies who over leverage and don't know what they're doing.
It's zero sum.
i wonder how many people called the police on this thieving nigger
no.
this guy gets it ^
just shorted forex
exactly, youre an idiot that doesnt know shit about the markets, so fuck off
youtube.com
i found one of em
shit I should buy a condo in miami though some place with less nogs.
an ebook which teaches you how to write an ebook to teach other people how to write an ebook