When I first started considering passive income generation, the first two things that popped in my mind were real estate and Forex trading. I discovered currency foreign exchange, or Forex when I was traveling, as a few day traders were enjoying the nomadic lifestyle it allowed. As a traveler, I knew a bit more about currencies than stocks, was more aware of current events, and found foreign currencies more attractive than stock and shares. The saying ”invest in what you know” makes sense, and I thought I knew a fair bit about currencies.
The first time I got acquainted with currencies, I was 10 or so, and my older cousin was bragging about going to New York soon, pointing out the dollar was only five francs at the time (0.75€), so one had to take advantage of the opportunity. That was my conception of currencies for the following 10 years. If a currency is weak, you can travel there cheaply and enjoy a bargain. I really had no idea you could actually buy, sell and buy back for a profit (or a loss).
Ten years later, I read a book and did some online research on currency trading. It looked very promising. I learned the jargon, short, long positions, carry trades and the like. And opened a demo account on a trading website. I had $100K play money at my disposal, and did very, very well, turning a profit quite quickly. It was time to go with my own money.
Suddenly, when it is you hard earned cash on the line, you become more cautious. Emotional even. And emotional trading is the best way to make money mistakes. If you are convinced that the dollar will get weaker as I was, but see a temporary strengthening, you start questioning your judgment and take a quick small loss instead of a big one later. Then the market rebounds and you buy again at a higher price, feeling stupid for being emotional earlier on.
It is easy to be a slave to day trading as well, and spend most of the day stuck on your screen watching every little move on the currency. You wake up in the middle of the night when London opens, and go to bed when New York closes. It is exhausting.
After a few bad moves, I decided to automate my trades in order to remove any emotions. I placed a lot of small orders, at different points, with a stop loss that would lose me a few dollars, and a take profit that would earn me a small amount as well. Once a day, I would review my positions, cancel the orders that would probably not be filled and place a few new ones. It is kind of like blogging, when you watch your stats so closely at the beginning and get all fuzzy because 10 people have seen your site, then you just concentrate on your writing, and 500 visits a day doesn’t sound like a big deal.
You have to be careful with Forex trading though. Many companies will offer a big leverage. That means if you have $1,000, you can ”buy” $50,000, and if the rate goes down, when you are losing $800 or so, you will get a margin call and most of your money will be gone. A $800 swing on a $50K trade is nothing. I quickly reduced my margin to limit the risk. And only put a small amount into my account to avoid being tempted of adding more ”because it should get better soon”. You shouldn’t add to a loss. Once I made my first $1,000, I actually withdrew all but the profits, and started taking riskier positions with the ”free money”.
Now that I also have currency needs, and often convert dollars, euros, and British pounds, I use my Forex account. The spread is much smaller than a formal bank and the transfers are very quick. That is a zero margin operation. The only risk that I am taking is a rate fluctuation, since it takes a couple of days for the money to reach my account. If I deposit euros to convert into dollars, I know I will convert them at the daily rate two days from now (better or worse), while the bank would send the wire transfer at today’s rate.
As far as additional income is concerned, Forex is quite a small part of mine. With a very low margin, I can afford to keep my positions even though they are negative at the moment, and wait for the rates to go back up again. The risk is holding losing positions for too long, and exiting with a small profit too early.
If you are in the UK and often travel to the Euro Zone, you could use a Forex account as an hedge against currency fluctuation for your next holiday. Say today the pound buys you 1.23€, and you think by the time you go on holiday this summer, it will be weaker. You put £1,000 on a Forex account and get 1230€. In summer, when the rate is down to 1.15€, you convert back your holiday savings to £1,069, that will still buy you 1230€ when you travel. Doing several trades could bump up your holiday fund.
Be careful tough, it could diminish if you make some wrong moves, any potential reward comes with similar potential risk.
I’ve always been interested in Forex trading, but it seems a bit too speculative for my tastes. I also think (but could very well be wrong) that you’d have to do a lot of research to stay on top of currency moves and stay very current on news and events related to the currencies. Keeping up on my dividend stock portfolio is hard enough.
It could be a lot of work or a yearly prediction. There are calendars like forex factory that will give you every little economic anoucement and you can take positions accordingly for a few hours. I prefer to rely on a long term projection and not worry about daily swings.
Interesting post! Like MFIJ, it seems too risky and hands on for my liking. I also don’ t have much cash to play with and I wouldn’t want to leverage.
Leverage is dangerous. But if you have currency needs for travel, checking when is a good time to buy is a smart move.
I’ve only just started forex trading on a live account. Its early days still but I hope to learn this art in the years to come.
I’ve been trading for a few months now. Its easy and its hard at the same time. I’m giving myself at least 5 years to find out if its for me or not.
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I have been trading currencies for year now and I have worked out that I can make a little bit of money, but it is a very volatile way to do so. Great if you have nerves of steel.
It can be nerve wracking at times!
I have yet to try and trade currencies. I probably should though being the dollar seems to continue dropping:)
As long as you don’t leave the US it’s fine! And the Mexican peso is not too volatile to the dollar either, only a European holiday would be quite costly.
I have never tried forex trading but have been interested in it. I may set up a fake account just to give it a try.
Demos accounts are fun to learn how to remove emotion and if you are very bad at it you can leave it there.
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I’ve never done Forex trading and won’t, because as I taught my clients, it’s important to stick with risks you understand intimately.
I love what you said about play money vs. real money. There have been some great studies done showing that while trading games work to teach you the basics, they don’t create good traders because emotions are SUCH a big part of using real money that you change your decision making.
I wouldn’t play clients money on that either! Unless they want to go back to a foreign country to retire and have an hedge.
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Interesting story! There is no doubt that things are different when you have real money on the line…especially when it’s money you can’t afford to lose.
I’ve never had experience with Forex trading and I really have no interest in it. I believe it’s a great way to lose a lot of money. 🙂
it is a zero sum game, if you win, someone loses and vice versa.
Haven’t done it myself, but we are looking at doing some foreign currency hedging at work because we plan a lot of international conferences. We keep losing money on exchange variances, so I hope top learn some corporate finance!
optimizing the foreign exchange costs for a company trading abroad could indeed be a great saving.
You could have seen the volatile nature of Forex from the mild currency chart fluctuations at 2:30pm (GMT+0) today between GBP/USD – currency pairs are usually all over the place on these announcements, I expect tomorrow’s skizzo trading pool to be a biggie with the Non-Farm Employment Change update on its way.
I used to watch the markets every move but had to step back for my sanity. Way too stressful!
@AverageJoe – I get your point but you could say the same about anything that involves speculation really. I don’t understand pensions…maybe I should? Everyone talks about how important they are, but then again everyone says that they aint gonna be around when I get to that age…I should take the time to understand it really I guess. I was in a similar boat RE.the concept of Forex. To tackle the beginning stages alone makes it a vapid journey. A friend showed me around a free platform one day and things began to slowly click, and I actually enjoyed having a play. I probably won’t ever trade Professionally, but it’s nice to understand things and open the doors to new learning.
I really don’t know enough about it to jump in. I have to understand something before getting involved – especially when cash is at stake. Maybe I will learn more about it over summer!
Like Alison said it has its risks, like stocks or any market product, you need to be very informed before you try.
I stay out of the forex markets. I only have so much time and brain power to dedicate to my investment research, so I stick to what I know and enjoy researching. Maybe when I am an old grey-hair and have more free time I will look at it.
Very wise to stick to what you know!
Forex has always interested me, but I think it is way too volatile. There are too many factors beyond anyone’s control that could cause you to lose each and every time.
true, it is a risky business
I think forex trading is way to volatile and speculative. I have no interest in it myself and I’d default to advising others to stay away as well. I think for the vast majority of people getting involved in forex trading is a recipe for disaster.
Like stocks where even great fund managers are often unable to beat the market, it can be very dangerous to get in with insufficient information.
Forex is interesting as a process but probably too speculative for me. If I were going to do it, I would use high frequency trading approaches and a lot of analysis with stop-losses and other insurances to keep my position from collapsing.
I guess you have to keep a handle on what is happening round the world. At the moment the Euro is rising because the Greece issue seems to have gone away. I don’t think it has so perhaps I should be buying Euros on the rise and ditch when some political event occurs. To do FX properly you really have to keep an eye on world politics and be aware of what is a temporary blip or a major issue.
And beware excessive leverage – this is what got the banks into trouble as leverage to the average punter is like capitalisation to banks except the government won’t bail you out!
EUR and GBP are the ones I track most. When I started working in the UK the pound was still strong and I asked to be paid in euros since we had euro paying clients and the company was converting the euros anyway, but they said no. A year later, the pound was worth 30% less against the euro and my euro holidays were quite expensive… You do have to take into account a LOT of info, especially for euro since so many countries can impact the rate.
Last fall I wrote a similar article about Forex and as I did my research I found it very intriguing. I would love to give it a try one day. Right now we are monitoring the US dollar on a daily basis because we are primarily paid in US funds and the US dollar sucks compared to Canada, has for the past 12 months, so we always look for the best day to move our money.
I hope you also have a bank that offers a good rate. Shopping around can offer big savings.
I know next to nothing about foreign currencies. One more thing I should put on my list to learn more about.
If you get stocks, it is pretty similar, except instead of firing a CEO impacting events can include elections, shutting down a national airline or printing too much new money. Most things you won’t know until they happen, unfortunately.
Personally, I don’t think I’d ever try Forex, I have a pretty low risk tolerance. I don’t even like stock trading!
Stock trading is not a favorite of mine, but at least if you get an index tracker, you should see it rise over time (maybe a very long time) whereas with forex there is no guarantee the currency will go back to where it once was.
You could make money with currency exchange but the risk of losing is too high for someone like me who does not much about the nitty gritty of currency exchange.
Technical analysis is a technique used to forecast the future direction of prices through the study of historical market data, primarily price, volume and open interest.
I have never actually heard of this before, though I have travelled abroad many times and have gotten a bargain for most (and lost on some). Thanks for sharing!
Forex trading can be a good opportunity to get good income of money but like everything it takes to go step by step and getting to know the market
enter currency trading can be a possible solution leg raise money but it takes quite study, knowledge of operations, indicators and strategies
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I have been swing trading forex with a small investment and high leverage, I do make money but I think I would make more working a minimum wage job than what I make. The problem is the investment is small and risking maximum of 5% on your trade naaahhh…. doesn’t make sense. I didn’t start trading forex to put in 50 hours a week and make $60 I am now considering scalping. I think swing trading is like grandpa trading lol. Its too slow and requires lots of patience
I’m in a eurusd trade at present so your post has got some immediate significance for me. I’m still a neophyte though and giving myself at least 5 years to see if this is right for me.
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I like your personal experience on forex trading, your advise is a practical one. I have tried dummy account before, it is stressful to monitor due to time difference in the trading currency. I believe one have to do their own research on the fundamental and technical side of the market before embarking on the real money trading.
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have been scammed severally on the internet by all thus scammers claiming to be hackers , finally i got my stolen binary option funds through the help of BRITZ.ALEX AT SOLUTION4U DOT COM
Hack Ethics is an experienced Private Hacking and Certified Binary Recovery Expert with a spare master key that no one has. i can help you recover your lost or stolen funds from any Binary Platform also help recover your stolen or lost BTC or ETH. My service takes within 24 hours. Stop being scammed by fake hackers. Hire a Ethical Hacking Expert who’s professional and real. Specialized in any desired Hacking Services. Contact – hackethics008@gmail.com.
Thanks for sharing this post with us. I am little bit interested to get more information about binary options brokers.I like to share my opinion on binary options brokers.Binary choices brokers obtain a payment in case your commerce loses. Some brokers require a buying and selling payment every time they execute a transaction. If a dealer requires each charges, ensure the full of the 2 is inside an affordable price, resembling 10 % to 15%. Most of them are useful, however that doesn’t imply they need to obtain the Lion’s share of the success.
How do I Enter Forex and win from it?
Thanks for coming up with this post on forex trading… forex trading is a profitable business anyone can do provided they are more than willing to give in what it takes.
I totally agreed with you… this is experience. When it comes to making money online while working from the comfort of your home… forex trading is an option to go with. This is my 10th year now as a forex trader. When I first started out as a forex trader, I was in search for ways on how to make money online aside from doing affiliate.
Forex was appealing to me… so I decided to get into it by learning all the rudiment which eventually helped to a great deal. But before then, I spent a lot of money down the drain. you know, it’s easier when you are trading with a virtual money compared to when you are online account.
The irony of everything is that when it comes to live account, emotions, greed comes into play. How do I mean by this… when you took a trade and you are losing you tend to close that trade and at the same time, when you are in luck and the market goes in your favor, we find it very difficult to even take profits.
This is why I would recommend newbies to learn the rudiment of price action and demo trade for atleast 2 months and after that they can go live — provided their demo is ok. With time, they will get enough experience trading the currency market.
World Trading Methods
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I invested 90% of my retirement payment on binary options with the mindset of getting it multiplied and enjoying a better retirement life. It was sweet and smooth from the start, withdrawals were easy and consistent until it gets to a point I started to be denied withdrawals and that was how I lost all money, I couldn’t get my investment amount back not talk of the bonuses. I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help. God so good to my old self and family, I later got contact of a certified recovery firm that helped me recover my money from the brokers, it was worth it to pay 10%. You can contact them on http://www.myprincipalchargeback.com if you have found yourself in same situation as me, I can assure they will be able to help you just as he helped me, you can give them a trial if you don’t mind. Binary options brokers shouldn’t get away with this.
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This is for all those who have lost dearly trading binary options, mostly when you are sure that your broker has been scamming you out of tons of cash, its normal for you to feel confused and down but i can assure that this was the same case with me but i was lucky to meet with Mr james mason, his a computer wizard and he helped get 80% of my funds back in no less that 48hours i am so greatful. I think someone else might need his help that is why i have to leave this post here as a sign of gratitude for his job well done, feel free to contact him via his email: jamesmason0227@gmail.com
Please mention that you were referred by me so he can attend to you immediately, because he his been careful of imposters and spy’s.
Most binary options companies out there are fraudulent. They are all scams. I have been a victim of their activities. I invested about $480,000 and when i wanted to withdraw after some weeks, I was unable to reach their contact numbers or emails with which we stayed in touch. I assumed they were having some maintenance routing check, as that had happened in the past. After some weeks, I was contacted again by them and was asked to invest which i refused and told them i wanted to withdraw my money. After this, i didn’t hear from them again. At this point, I started to feel like i had been duped. I was lost and shattered as i had lost most of my savings. I was depressed for about 4 months. I was too ashamed to tell anyone about it, not even my children. I finally summoned the courage to tell my friend who came to visit me in the UK from New Zealand. He told me about a firm which specializes on helping get money back called fund Recovery. I contacted them and was guided to recovering most of my money. I was a great feeling to get some of my money back, as i had given up all hope.You can also contact him via
Email-Fundrecovery04 AT GMAIL DOT COM
Whatsapp-16317433959………
There are a lot of investment brokers who will lure into making bad investment decisions. About the time last year i lost my husband and i decided to cash in some of our investments for the kids and other personal reasons. One Mr. Tom reached out to me from Cohen stones with a very juicy profit on Diamond investments. This was my way of loosing £423,890 in total and i could not even get my initial capital back. Because they had issues upon issues and could not return my money. Then i knew i’ve been scammed. I went back to struggling to survive with my family, it was as if i dashed the future of my kids away with a month. My situation remained the same until i looked for solution which led to a friend referring me to a Professional wealth recovery expert. http://www.premiumrecoveryinc.com. I can categorically tell you that 85% of my money was recovered. This is just a stern warning for you to always investigate whoever you are dealing with so you do not fall in the wrong hands. Make sure you have a proof of your transaction and your problem is half solved
I have lost funds to different binary options brokers and this almost ruined me because I had to hire a lawyer to look into it but nothing worked to get my funds back . i trusted this last broker at IQoptions with 150,000GBP and lost it but I found a recovery firm that specializes in funds recovery and they helped me trace the funds and recovered 80% of the investments with the profits. If not this firm my life would be in total ruins, I dont think its right to lose your hard earned money to fake brokers when there is a recovery firm available, email mycapitalrecoveryATgmailDOTcom to reach them.
Are you a victim of Binary Option Scam
Are you a victim of Binary Option Scam? Hope is not just lost as you can recover all that money lost to this scam brokers. I lost $390k to a scam broker in IQ Option. After searching for a recovery expert, I stumbled upon Miguel Aruso. He assisted me in recovering all my funds lost to IQ Option. I strongly recommend anyone going through a similar experience to contact www. rescuedial .com for a recovery remedy . Thank me Later.
Really Creative & Helpful Article. I am new on Forex this article very informative for me.Now i Know how to Trade on Forex. Really awesome Article.
It is not advisable to just embrace every trade opportunity because of scam,trust me. It is always good to trade with broker using a transparent pricing, fast and reliable trade executions.. I have been scammed in forex and binary options before I got to know and actually recovered my funds back with the help of paulmaslowizrecoveryHATgmailDOTcom
thanks to paulmaslowizrecoveryATGMAILDOTCOM, you are truely dependable and remarkable i just recovery $180k from cambridgecapitaltrading.
Sharing my experience with fake brokers , Rescuedial(DOT)com genuineness is the real deal especially when I most needed it . I was a victim of false brokers scam working with Speartrader, this brokers insisted I won’t be carrying out the trading myself, instructed to leave it to the professionals so they can make al lot of money for me, Total BS! they make winning trades with the loosing trades to make my account looked legit all the time and encouraging me to add funds to take advantage of a speculative fore casted big winner then they leave you to your trades to wonder what the hell to do because of lack of experience which will only lead to you seeing your account run out. Reading so many stories here from victims can’t make me stop thanking God. still a miracle how Rescuedial got this done successfully
If you have lost money online to anybody I can recommend a professional group of hackers who are specialized in money recovery, they did an immaculate job for me of recovering my stolen $47,000 so the least I can do is tell the world about them. Send me a direct message or email them at (Bitcoinretrieval2018 Gmail Com) if you need such help..
Most people have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. Hack Ethics is a Trusted certified Ethical Recovery Expert and Reliable Hacker who renders any desired hacking services you want/need. CONTACT EMAIL OR SKYPE – HACKETHICS008 @ GMAIL . COM
Don’t partake in such financial investments. I would advice you run at the hearing of the name HQbroker. I clearly got a second chance to learn from my mistake and make things right. On a good day like this, some months ago I clicked on an “Ad” while surfing the web about Binary Options deal which offered great returns. Decided to check it out by registering a demo account under an assigned account manager to learn how to carry out the trades. I had so much bonuses/profits with my demo account and that gave me the courage to get started. I was told by my account manager at HQbroker to get Started with $250, I listened and did as instructed and my returns were great. I decided to upgrade as the options at the higher levels were more lucrative. I invested more and more till it got to a total sum of $100,000. With these I was able to trade a few more times, I made much more bonuses than before then decided to Immediately I requested for a withdrawal I got excuses upon excuses asking me to invest more. They told me that I had to make a one off payment to cover charges and taxes etc, so I sent $60,150cent for that, also they deposited 150,000 into my metatrade account and asked to match it, then I was told that someone has issued a fraudulent Cheque putting their account over $ 800k in the red. The assured me that the situation would be resolved which took forever
The solution was a bank which they started working with, and the money would be deposited there which I could withdraw at a small fee. I checked the “bank” out and it was a complete joke. The domain had only recently been registered, and funnily enough, to the same people who registered the “HQBroker” site. I conducted my own investigation and called the Domain registration company twice, and the responsible person never ever got back to me. I assume that someone internal is working with the scammers.I wrote it off as one of “life’s” expediencies but hoped I would come across a solution somewhere on how i can get all my funds back and then came across;www. RECOVERYCIRCLE. EU–, I got in touch with their recovery section and I’m more than happy to share my experience with everyone on how they got my money back swiftly just as it was said in other online reviews i got to hear about them…I worked for over 20 years for that money they took and it was gone in a matter of months. My fault I know, but parasites like these people don’t deserve a place on this earth.Clearly, Got a second chance to learn from this.
I had lost my pension funds to CTOption when I tried to make a withdrawal and it was impossible. I hired a Professional from the company I will recommended below who helped me recoup all my money. I want to share my experience to help other victims like me get their funds back without any hassle. I hope this helps others! so it might be worth having a chat with them to see if they can help you. Contact Paulmaslowizrecovery AT gmail (dtcm)
After I invested a total of $37,000; they tried to pull a fast one and put a bag over my eyes claiming that my investments had been lost on bad trades. Lucky for me and unluckily for them, earlier in the week i saw an interview on TV about how a woman who had been scammed 4 times by binary options and was only happy to share his story cause He’d got it back through [www recoverycircle .EU, so i looked them up and reported to them. They got it all back in a week along with profits and damages.
Investors who have been fleeced by binary option trading are to file a restitution claim on priorityrecovery,org. It is safe to say we are winning the fight against the option trading scheme as a large number of victims have been reported to have recovered their entire investments. File your report on priorityrecovery,org to have your claim processed.
Very good article! I’m studying a lot about it so I can get it back!
Lost thousand of dollars trading binary option through forex trading couldn’t withdraw my investment not to talk of my winnings. I had to hire a refund solution professional to this effect. Happy to share my experience
So many great lessons here. All things that a new trader should know (but many don’t when they start)… me included!
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Lodge your complaints for binary/forex scams on abstracttechinc.com, a verified tech group that deal in recovery process with the help of lawyers all over the world to help victims be able to legally recover their funds. This group provide lot of other hacking services which can be checked on their website if thats where you need help. I was able to recover 75% of my funds though, had to use their hacking service for again and wow, what an amazing job they did.- James Carson.
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Are you Investing without profits or bonus? Are you unable to predict market correctly? Do you lost fund in your trading platform and you are actually not the one that placed the trades yourself? Is the money in your trading account depreciating without your consent ? Are you unable to withdraw your fund from your broker account? If one of these questions are for you, then we are here to provide you rapid solution, not only that I can help you with strategies plan that will work out in this current economic meltdown. And we can help you recover all your lost fund, and also make withdrawer from your trading account successfully and recover the lost funds, within 24hours, have you heard about binary admin secret code? Its what you can use to stop binary trade brokers from manipulate your trading account, hit me up so I can also tell you the importants of ADMIN SECRETE CODE and how you can get it to enable you Take full control of your Investment and Profits in trading binary option. Contact me, Quickrecovery91 /at/ gmail /dot/ com
Investing in binary option is meant to be one of the best mode of making a fortune if properly handled and of course if there are no scammers ripping people off. I lost my father rather unexpectedly leaving me with no option but to cash in on some of his investments for my siblings and I. I stumbled across FINANCIAL EXCHANGE promising a 260% ROI under 3 months. I decided to give it a shot with a little over 50% of my share of the investment (96,000 pounds). Long story short, I lost the entire sum to these con men. I was lost for a long period of time and I needed to recoup my money. I was referred to wealth_recoup_expert AT tutanota . c o m who used unethical means to hunt down these men of the underworld. I managed to recoup 87% of my capital with 13% blown away by these con artists.
Warning: It is imperative you to do your due diligence before investing your hard earned money. Learn from this everyone and make sure you put your money where your mouth is! My 2cents!
After putting an humongous capital in my account, I watched how my balance ratcheted higher and higher. I had this great feeling of euphoria seeing that I have gotten a hand of trading binary options with an average of 8/10 trades won. My manager Anderson managed to convince me to deposit more money (a little over 62,0000 Euro). After a couple weeks of such magnificent trading, my account was up 89,500 Euro. An excellent opportunity to file a withdraw, no? No!! They released only 3,200 Euro in order to fool me into depositing more money, another 62,000 Euro. I didn’t have such money at the time and I was put on hold…. Weeks after nobody would even answered my calls or reverted my emails. It became crystal clear that I had become a victim of a ruthless scam by professional con men. I contacted several lawyers but it was all a waste of time and money, they couldn’t render an inch of help. Time passed by and I was gradually slipping into depression and constantly mad at myself for not doing my due diligence before taking action. After frantically searching the web for help, I stumbled on wealth_recoup_expert AT tutanota . c o m an ethical penetration tester that specializes in monetary recovery. They had a truckload of amazing reviews of hunting down subterrene information about unregulated businesses who are involved in fraud and illegal activities. I reached out and I was assigned to an agent who asked I furnished him with proof of my loss. I did and the rest was history. wealth_recoup_expert AT tutanota . c o m managed to recover 87% of my funds under 7 working days! I am beyond delighted. It is only right I write a review! Thank you once again.
After I invested a total of $121,830, they tried to pull a fast one and put a bag over my eyes with claims of my investments been LOST ON BAD TRADES. Fortunately, earlier in the week I saw an interview on YoutubeTV about how a man had been scammed 4 times by binary options and was only happy to share his story cause He’d got it back through www. LEGAL247RECOVERY. com, so I looked up the link and reported to them. They got it all back in a week along with profits and damages. Too many bad eggs out there, stay secure. Report your case to them already.
Are you having issues accessing your investment with your broker ? Is your broker demanding for more funds before you can withdraw ? OR has your broker account been manipulated in any form ? You suspect shadiness from your broker and wish to get a full refund of all your investment ? I was able to retrieve my lost funds of $69,500 within few days from an unregulated broker who took my funds and refused to refund me till i found this easy steps i used and retrieved all my funds back. contact me on christopherbuckley397@gmail.com if you have similar issues with any broker, i will guide you on the same way i got mine back. we must stop this scam brokers.
ALISON’S EXPERIENCE (Her testimony) – Finally, I have gotten back all my lost fund and bonus from *****ks. They stocked all my trading capital and deprived me access into my account for over two months now after I’ve invested CAD 80,000 with them, my hard earned money. Thought I was not going to see this day, but as God may have it, today I’ve got back all my money back for real. I will forever remain grateful to God. If you’ve been locked out from logging into your binary option trading account or you are unable to make withdrawal from your broker account, maybe because your broker manager is asking you to make more deposit before you can place a withdrawal and you need urgent assistance, reach out to www legal247recovery com.
I put my kids in danger by investing that money in an unregulated platform. I feel sad. I disappointed them. But, happy I recovered it all.
COINBULL IS ANOTHER RIP OFF!!
Once a trader gets scammed their local law enforcement agencies wouldn’t be able to help them because it wasn’t in their jurisdictions. They put up fake company address in the country of their victims as if they are legally registered. In Actual fact, they are not in the country they claimed. So, the whole system is a big fat lie hidden behind sophisticated platforms and dashboards to lure you into “investing” more. No interaction with an exchange takes place. The broker is the house and the charts on the binary options websites are nothing more than a graphic video game with bright colors and flashing numbers. I eventually recovered $92,000 (95% of my capital and profit) all thanks to www. globalassetrecoup . com after 3 weeks. This experience has left a toll on my health. Carry out your due diligence before using binary and cryptocurrency platforms.
It’s really crazy how these binary option scams have at one point or the other put us at our lowest point. After my husband fell ill I was left with the task of putting our business and family in order, at the time investing in binary option seemed like the smartest decision since we had several hospital bills and tuition fees for my kids to take care of. After a bit of research and convincing I put in 139,000 USD, HQBrokers took it all and even when there were claims of returns on investment I was unable to get access to it. When I asked to get back all I have made and close my account they turned deaf ears and blocked all my access to reaching them. After months I was able to find a recovery specialist who helped me recover all I lost www. rapidrecovery . finance in just weeks. PLEASE make sure you check carefully before investing into binary options if you must invest.
Your blog is very nice. These tools are really very helpful…:-)
It all began with a phone call stating that they can turn 250.00 into thousands within a certain period of time. I believed every word and decided to give it a try since It was all about trading and till now Thousands of Euros has been taken from me with nothing to show for it, under false pretense by Daniel Grant and his cohorts scamming from Cryptonxt cryptocurrency platform formerly known as Coinbul. I have been going back and forth with them but they wouldn’t give back my money. They tried to pull a fast one and put a bag over my eyes claiming that my investments had been lost on bad trades but before this I was told that before I could liquidate my account which is now over 650,000.00 they say I have to pay some Chinese taxes to get my money out.This sounded so wrong that I knew I had fallen for a scam. Lucky for me and unluckily for them, earlier in the week i saw an interview on TV about how a man had been scammed 4 times by binary options and was only happy to share his story cause He’d got it back through a wealth recovery group [www. SWIFTRECOUP.COM.]so i looked them up and reported to them. They got it all back in a week along with profits and damages
CARTER’S EXPERIENCE (His testimony) – I’ve been teaching for the past 30years, retired EARLY 2018 and always had this dream of buying a one way ticket and travel the world. I had this other colleague who retired a year before me and he was already living the dream more than I expected. I decided to ask him in some sort of way how he did it, he said he bought bitcoins and traded on binary options stock. Wow, I knew a lot about bitcoins, little about binary options, so I went ahead did some research and stumbled on ******, looking at the promised benefits, I was totally swayed. I initially thought it wise to trade with $70K but I ended up parting with $188K which is more than 3rd quarter of my savings, that’s when I knew I was bait. I contacted my colleague and told him about the situation, sent a link to WWW .LEGAL247RECOVERY. COM, a recovery specialist who helped reclaim my money from this scammer. Let’s not forget how stupid I was going into trading with that amount of money without getting guidance from my colleague. I almost lost my marriage, kids and even my sense of being to this act of stupidity. Just what if I hadn’t recovered it?
I was robbed online by this scam company I felt so bad that somebody will actually be this heartless. I was introduced to this company by an online ad I sent an email to them requesting that I want to see proofs and testimonies I fell for it because it seemed all real. I was people reviews saying it was legit just for me to be played for a fool I was convinced and I decided to invest 15000 euros. It happened really fast I noticed that my initial money increased as expected and I got some few extra bonuses. Then I decided to withdraw my money next week. I was denied access into my account I tried everything possible all my calls and mails I got no single reply I sent them a treat then I got a mail saying that I won’t be able to make any withdrawal. Because of a technical difficulty I almost had a heart attack going through this. Then I was rescued by my close pal who told me he went through the same problem then he told me he got his money back through a financial recovery expert Jack.f at recoverycircle dot eu,I am very happy to say I got all my money back and in less than a week I got half of my money back. I just advice anybody trying to trade with this company to run away as fast as possible and if you have already fallen for this scam you should try Jack he is an expert.
I am a senior citizen and have worked hard all my life and save some money. It all started when I initially deposited EUR 30000. Not a very big amount. My manager explained to me that in order to get decent returns I will have to add more to the existing amount. I went for his words and added more amount. I won few trades and also lost some. Again manager told me to add more amounts which I did as I was winning few trades. I told him I wish to withdraw the entire amount that I have invested leaving only my profit in my account and applied for it. Within few days manager informed that because of the mistake of the analyst I have lost money. The manager started ignoring me and withdrawals are yet to come. Thanks a binary option recovery solution that helped me recovery most of my lost funds, you can contact : Hackassets via google mail and share the testimony they shouldn’t keep ripping people off
I saw an interview on Tv about how a victim who was scammed by HQbroker and 3 other scam brokers and was only happy to share his story cause He’d got it back through a wealth recovery group SWIFTRECOUP . COM;-
I decided to contact the wealth recovery group (swiftrecoup) as well, My first question I put to them was that I would like to hear their opinion on HQBroker and Cryptonxt.io and whether they ever return the money invested and earned with their recovery analysts. I have invested over $500k and they have supposedly made me over $4 million but now they wanted me to send them more money to pay the Chinese Gov’t taxes before we could get the money back to me. I only had $30k and I sent it to them so that we could get some money released by the chinese gov’t and then I would send more money to get more money released. I think is seems very fishy that they would require me to pay taxes up front before releasing money. I added a fact that I have been talking to Ross Malone(Account manager) there, and he has seemed so nice and caring, but after this last payment, he has gone silent and isn’t returning my emails. Now, granted he might be out or sick, but this is seemingly unusual. On speaking out my mind to contact@swiftrecoup com. They advised me not to send any money to them and guided me to a swift recovery of my invested funds I have with them.
I AM OPEN TO SHARE MY EXPERIENCE AND TO ENLIGHTEN EVERYONE ON HOW I WAS ABLE TO RECOVER MY MONEY FROM A SCAM BROKER .
Thank you for sharing your experience and guiding me on how to recover my money .
It’s safe to say that everyday at least 10 people fall victim to trading/investment/romance scams. And they are left with absolutely no idea what to do or how to go about it.
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Please beware there are many fake bitcoin mining/investment platforms out there, I got scammed twice before I met a genius hacker who helped retrieve my bitcoin. The whole plan was so smooth I could not doubt it. Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. I invested $25000 on a particular website(procapitalmarket), I monitored the profit yielding but got locked out of the account before I could withdraw. I went online and met this credible person who helped me retrieve my bitcoins back in few hours. You saved my life and I will forever be grateful. I referred my friends whom we got scammed together right away and they got help too.write me on deftrecovery atGmail dotCom.
Intresting Post!!!
Thanks for sharing a quite informative blog. I just loved your way of writing blogs. It is very explanatory.
Few months ago, i invested about $36,000 into this binary option platform with the aim of diversifying my trading portfolio. However, with my strict habits of growing my account 300% before taking profits, i never attempted any withdrawals, not until two months ago when i tried to withdraw but all effort was in vain. I called the account manager and explained the situation, he told me i would be able to withdraw after 4 working days which sounded shady to be very honest. 4days went by, still no withdrawals, i tried reaching out to the manager and customer service line but non of them were reachable till this moment.
I shared my experience with my colleague at work, he introduced me to an International Recovery Firm (WWW.RECOVERYEMPIRE.COM). These people saved me and I had my claims after 6working days. Their professionalism was top notch.
Rodney says “I invested over $90,000 from my pension funds in BTCINVESTLIFESTYLE. COM and yes, I’m making a lot more already. Besides, I got some little profit payout in 3days . Their support is simply great. Also, I was introduced to XRP Ripple, ZRX and some other altcoins Crypto which they told me to keep for some years asides the returns I’m being paid. This is a great system to help with money management and portfolio buildup. Great team!”
It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by BINARY OPTIONS AND FAKE HACKERS. I know actually know how it feels and hurts to lose money you have worked half of your life for to invest with the thoughts of getting returns when you are retired. It was all a scam in the end. STOP BEING SCAMMED BY THESE BINARY OPTIONS AND FAKE HACKERS. I’ve had enough of complains from clients over the months who has one way or the other being a victim of the BINARY OPTION OR RECOVERY SCAMS or any desired Hacking Services. I’m willing to put an end to these unbearable swindle scheme of Fake Hackers impersonating our organization I’m taking a step forward to render solution to those affected and help them get every penny they lost. Hack Ethics is an experienced Private Hacking and Certified Binary Recovery Expert Organization with a spare master key that no one has. Service takes just within 48 hours. Hire an Ethical Hacking Expert who’s professional and real. Specialized in any desired Hacking Services. CONTACT EMAIL OR SKYPE – HACKETHICS008 @ GMAIL . COM
hello everyone i’m so happy i got my refund of 350,670,00k USD back
from this heartless broker,When it comes to Binary Options,
there have been quite a few examples of people who have
been taken for a ride by a Broker and have lost a large
amount of money and i was a victim, Many of these brokers
misappropriate traders money thinking these traders will
not act. Beware of where you invest in,Binary Option Scams
are quite common and come down to a number of factors
including improper due diligence and manipulation by the
broker we should be very careful with these so called
brokers,thanks to this regulated company that made my
withdrawal possible and in full, i’m so grateful to them,
their service was simple and i got my refund back in 2
working days… cheers friends feel free to contact me if
you are experiencing similar problem of withdrawal at:
michaelwilliams5751@gmail.com i will link you to the
company…If anyone needs any advice or assistance let me
know will be happy to help you. i’m posting this so anyone
who has lost their funds can be hopefully.
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Few months ago, i invested about $36,000 into this binary option platform with the aim of diversifying my trading portfolio. However, with my strict habits of growing my account 300% before taking profits, i never attempted any withdrawals, not until two months ago when i tried to withdraw but all effort was in vain. I called the account manager and explained the situation, he told me i would be able to withdraw after 4 working days which sounded shady to be very honest. 4days went by, still no withdrawals, i tried reaching out to the manager and customer service line but non of them were reachable till this moment.
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