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Casino / Exchange / Faucet / Bankroll Investments

☑️NEW AAFXtrading.com Reviews: SCAM or LEGIT?

Casino / Exchange / Faucet / Bankroll Investments

Epountic

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Hi guys, recently retired from work and have some spare money that I want to invest. I don't want to invest them in bank deposit, I think it's too easy and unprofitable, so some of my friends suggest me to try trading. To be honest, I'm interested in trading, but I doubt about can I handle trading and profitability. If take all risks in count, what's may be more profitable, passive investing or trading? What's your opinion about AAFX as a brokerage? I read that it's friendly to beginners, so I see it as the broker to start with, but want to get more opinions, to make judged decision.
 

77Papa

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AAFX should be good, I’ve heard of it before from one of the people I know personally. AS far as I remember, they have favorable commissions there and often have some promotional campaigns where they offer bonuses for new clients. I’m not that sure about the intention to start trading with no experience at all.
 

Epountic

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Yes, they do have bonuses for beginners. That must be these guys. Alright, goods to know. Not that I don’t have any experience at all. In college I studied economics and I am a fast learner anyway.
 

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I don’t think that you can learn trading on your own. You need some systematic approach and free tutorials can lead you through the lo-o-ong path. If you have someone in your mind who is more experienced in trading, I’d suggest asking such a person to give you basic understanding of what’s going on there, and let you know of the pitfalls.
 

Epountic

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Thanks, I think I’m done with basics now. I’ve registered a demo account and learnt how to use the software, how leverage works and what to expect of different assets. But I guess you are right about free tutorials. They explain how indicators work, but real traders on the forums say indicators must be combined with some price models/patterns in order to be useful anyhow.
 

Unigolle

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There is also an algorithmic approach to markets. I guess you know that already. In case you’ve got some mathematical skills and know some programming, you can work in this direction. Considering that psychological difficulties often become a cause of failures in trading, this can be a good idea.
 

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Just wait till you can make withdraw from it. Is it fast or slooww.
Some broker takes 2 days some even in one hour and your money appear in your bank account..
And you need open up at least two chart from other broker so you know if your broker cheating you or not...
Good luck to you
 

Epountic

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Just wait till you can make withdraw from it. Is it fast or slooww.
Some broker takes 2 days some even in one hour and your money appear in your bank account..
And you need open up at least two chart from other broker so you know if your broker cheating you or not...
Good luck to you
Thanx for the best wishes! I'll do my best so that the profits don't rely on luck solely ))
Agreed about withdrawals. This is the most important indicator. Yet, I don't mind waitinf a few days. It's only important that they let the money go in a backwards direction overall ))
Didn't quite get the point abouAttach filest two brokers, sorry (
 

77Papa

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Manipulations with quotes is the most commonly known method of how broker can cheat on you. So this is important to find out whether the quotes that you get from your broker are equal to the quotes from some reliable source. Forex is a decentralized market, quotes are not exactly same on different exchanges. So you should compare your broker’s quotes with the quotes of the other one to find out whether manipulation is taking place. This is probably what was meant by having two brokers’ accounts.
 

Epountic

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I don't think this can make any sense when you use demo account. What's the reason to manipulate prices on demo? I tried comparing my aafx charts with yahoo finance quotes - don't see much difference.
 

77Papa

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Well, there can actualy be a reason for that. For example, broker want's you to feel an almighty and capable to predict markets 99% of the time, so that you feel the urge to open a live account. They can manipulate prices to act acccordingly with your forecasts. Yet, generally you are right, most of the shit happens when you astart trading live. Nevertheless, if your demo charts don't differ from official ones - that's a good sign. And, pardon my scepsis, you are a totally new to trading - this could be little suspicious as well if you earn a lot with your demo account :)
 

Epountic

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I think I've got the point, thanx for the advise. But you know, I'm still going to give it a try. I considered the different options well enough and I agree, regular trading is not for me. At least the demo account thinks so.
I'm getting awfull results on demo when I make 10-20 trades a day.
I've invested some funds in a real account though. I placed a buy limit order to buy some SnP index at a retracement. There are no swaps at AAFX so the cost of position is not gonna be big. Spread only, that's it.
People say I should trade along with the trend and SnP500 trend seems to be unbeatabe if someone asks my opinion :)
 

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Trading in fx takes alot of commitment and bro, if I could tell you how many sleepless night i have had just for fx.the truth is that you would loose but your gains should be more than your losses. Remember no perfect setups,I would advice you to understand price actions & patterns coupled with your major resistance and support. You would be fine trust me
 

77Papa

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Trading in fx takes alot of commitment and bro, if I could tell you how many sleepless night i have had just for fx.the truth is that you would loose but your gains should be more than your losses. Remember no perfect setups,I would advice you to understand price actions & patterns coupled with your major resistance and support. You would be fine trust me
I dunno... with all this mess around corona and BLM...I'm not sure this is the best idea ever.
 

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Difficult to disagree. Everything. Basically everything is pointing that the US economy musgt have collapsed long time ago. Yet, it hasn't!
If you've watched "The Big Short" you must know that this uptrend can last LOOOOng enough to give some profit with this crazy idea.
Moreover, newbies often ghrab more luck than anybody else :D
 

Epountic

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Well, I don't know why this happened, may be its a good luck of newbies that you've mentioned, but my SnP longat 3000 didn't go too bad and I've fixed the profit last friday.
I start considering doing similar mid-term investments in stocks now. AAFx has got a good variety of those. The problem with stocks is though they don't give much leverage for it. 1:10 is not really much.
 

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Well done! Now try to use the earned profits wisely. The idea with separate stocks doesn't sound silly at all. Its actually a nice approach as in the current economical conditions not all the companies will survive. The index might stagnate for years, but some companies that are capable to adapt fast and use the currect situatin for their benefit -- they will be the top risers. The most difficult part of it is to find out what companies are expected to do better then others.
 

Epountic

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If you ask me, I think that the food related companies will do good under any circumstances. Well, may be not restaurants, but food producers, farmers - these will survice.
I'd say I'm also interested in high tech companies, but I'm afraid its too late to invest in those.
 

77Papa

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You know, its difficult to say when its too late. Artificial intelligence seems to be a field of studies and the niche that has been overpriced for years, but I don't see much of the implementations yet.
Once every person starts riding a robo-car and living in a smart-house - even then it might not be too late. That's actually when all the fun will begin.
This is a nice thing about stocks. Companies can do so-so for years and even decades, and then boom - they explode with profits when they finally manage to catch the wave!
 
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