Day Traders - Forex Market

[Redress10]

Not if the system is available for free elsewhere. Remember you are trading. The system isn't going to give you an advantage. Everyone is trading using the same system(s), the difference comes with the individual and how best they can absorb the knowledge and make proper executions etc. Remember it is just a social trading app. For instance, one of their biggest selling points is that people can "copy" the trades of others more experienced. That is available in all the other social trading apps....Nothing new there again. Forex trading online isn't new.

If the people using the system can make money using that system then they can make money elsewhere. It's just that simple. There is no real advanatage to using one system over the other. I use one because I like the layout of the app etc. That's it...I also have accounts in others

[Redress10]

IML doesn't even have a wikipedia page...steups

I also wouldn't use their system cause the application itself appears cheap and out of date with the technology on offer today. Their app has only been downloaded ten thousand times on android. That's globally.....Why would i risk my money on something like that. I use the other ones.

[mitsutt]

Tag..

[10-01]

Who here using IQ Options for binary trades on the Forex and commodity markets?

in for the info

[sircrocodile123]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars? and are you taxed by the government of trinidad when you withdraw your money? anybody ever got in trouble for tax evasion or that not really important. ... sorry for all the questions it was bugging me.

[Duane 3NE 2NR]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars? and are you taxed by the government of trinidad when you withdraw your money? anybody ever got in trouble for tax evasion or that not really important. ... sorry for all the questions it was bugging me.

Check out etoro.com - you can day trade currencies and crypto as well as stocks etc.
The mobile app works well.

[sircrocodile123]

ill check out etoro sounds like a well rounded broker i was checking out pepperstone an Australian broker. I am definitely not ready to trade with real money yet i just wanted to know how everything works

[Duane 3NE 2NR]

ill check out etoro sounds like a well rounded broker i was checking out pepperstone an Australian broker. I am definitely not ready to trade with real money yet i just wanted to know how everything works

etoro also lets you trade with fake money so you can test and learn

[Redman]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars?

If you wire USD into a TT account the bank will convert at a crappy rate,or reject the wire.

and are you taxed by the government of trinidad when you withdraw your money?

taxes are only due on interest and dividends,not capital gains-CG include profits from buy/sell and or short sales,options etc.

anybody ever got in trouble for tax evasion or that not really important. ...

This being TnT -tax evasion is the norm. But the BIR/FIU etc have been doing plenty work behind the scene so that it will happen.

The taxes legitimately due are miniscule in the big scheme of things-and not worth the downside risk.

[Skanky]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars? and are you taxed by the government of trinidad when you withdraw your money? anybody ever got in trouble for tax evasion or that not really important. ... sorry for all the questions it was bugging me.

I hope you take this the wrong way, but you have bigger fish to fry than thinking about the money from the onset. Just based on the questions you asked your get rich quick mindset is already in gear and working against you, even if you don't realize.

There is a stat bandied about that says 90-95% of all traders fail or go bankrupt.......what makes you think YOU going to do any better and furthermore have money to withdraw or taxes to dodge?

[sircrocodile123]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars?

If you wire USD into a TT account the bank will convert at a crappy rate,or reject the wire.

and are you taxed by the government of trinidad when you withdraw your money?

taxes are only due on interest and dividends,not capital gains-CG include profits from buy/sell and or short sales,options etc.

anybody ever got in trouble for tax evasion or that not really important. ...

This being TnT -tax evasion is the norm. But the BIR/FIU etc have been doing plenty work behind the scene so that it will happen.

The taxes legitimately due are miniscule in the big scheme of things-and not worth the downside risk.

thanks dude you answered everything lol tax evasion is normal haha made me laugh

[sircrocodile123]

hi new person here. i was thinking about getting into forex trading and i got a question about withdrawing money from brokers. do you all wire the money to your regular TT checking/savings account or do you use a US dollar foreign currency account to withdraw in US/ american dollars? and are you taxed by the government of trinidad when you withdraw your money? anybody ever got in trouble for tax evasion or that not really important. ... sorry for all the questions it was bugging me.

I hope you take this the wrong way, but you have bigger fish to fry than thinking about the money from the onset. Just based on the questions you asked your get rich quick mindset is already in gear and working against you, even if you don't realize.

There is a stat bandied about that says 90-95% of all traders fail or go bankrupt.......what makes you think YOU going to do any better and furthermore have money to withdraw or taxes to dodge?

jesus man is like you want me fail and doh worry na would top up my account with the money i was gona play roulette with anyway so yuh doh have to worry about me.

[urbandilema]

Hmm so seeing it have some conference on this forex trading topic was wondering how to start this or is a pyramid scheme

Let's here what u say

[Redress10]

Hi,

I'll be brief. They gonna try and get you to join Imarketslive, an online forex trader. There are possibly hundreds of online trading platforms. Only difference here is that this is IML compensation structure.



Anyway you know what they do say about feels and their money.

Just based on that cringey promo, would you trust those people to teach you on some a topic as complicated as forex trading?

LMAO

Ps...if you really serious about forex just google stuff like forex trading online and get started there. Choose a platform like e-toro that lets you copy other successful trades etc. Don't get caught up with these trini smart men. How people in trinidad even getting forex to trade? LMAO

[urbandilema]

Hi,

I'll be brief. They gonna try and get you to join Imarketslive, an online forex trader. There are possibly hundreds of online trading platforms. Only difference here is that this is IML compensation structure.



Anyway you know what they do say about feels and their money.

Just based on that cringey promo, would you trust those people to teach you on some a topic as complicated as forex trading?

LMAO

Ps...if you really serious about forex just google stuff like forex trading online and get started there. Choose a platform like e-toro that lets you copy other successful trades etc. Don't get caught up with these trini smart men. How people in trinidad even getting forex to trade? LMAO

Same thoughts is it imaginary forex

[Duane 3NE 2NR]

well you don't need forex to trade, you can buy in with any currency, or just use your credit card on most of those trading sites.

the graphic posted does appear to be a pyramid scheme.

[nervewrecker]

I keep seeing it popping up all side and frankly its starting to get as annoying as the organo gold pests.
Anyone have info on what goes in at these seminars? Or any info on the scheme?

[nick639v2]

Went to a forex trading/ oil intel feature meeting a couple months back at UTT pt lisas. The one i went to atleast pretty much gave u an insight on trading treating your foreign money as a hedge fund or asset.

At the end of the day most of it is controlled by our banks and you will have to be actively involved with them unless ure willing to trade online as a sole trader but this is extremely risky unless u know your ins and outs.

Simple terms with the worlds trading right now its like a stock market, trade from tt to pounds and keep active to the 0.0figure as to when u can trade with the usd to gain some marginal profits etc.

I was more interested in the oil an energy sector part of the presentation so i didn’t really keep on the ball with the forex section.

There is one coming up in hyatt I believe is month end that financial officers and advisors from central bank. I’ll see if i can find the link

[10-01]

do a search it had a ched about this already

[VexXx Dogg]

If it's this imarketslive thing, it smells like a pyramid. Of course they would say that it ain't.

[nervewrecker]

Went to a forex trading/ oil intel feature meeting a couple months back at UTT pt lisas. The one i went to atleast pretty much gave u an insight on trading treating your foreign money as a hedge fund or asset.

At the end of the day most of it is controlled by our banks and you will have to be actively involved with them unless ure willing to trade online as a sole trader but this is extremely risky unless u know your ins and outs.

Simple terms with the worlds trading right now its like a stock market, trade from tt to pounds and keep active to the 0.0figure as to when u can trade with the usd to gain some marginal profits etc.

I was more interested in the oil an energy sector part of the presentation so i didn’t really keep on the ball with the forex section.

There is one coming up in hyatt I believe is month end that financial officers and advisors from central bank. I’ll see if i can find the link

Tell us more

[yvan300]

The imarketlive one is a pyramid scheme for sure. Got a theif head and ended up going one of their meetings. One of the charts the presenter had up about the money flow was legit in the shape of a pyramid. The presenter even mentioned that he know it probably looking like a pyramid scheme but it wasn't... Lol

[nick639v2]

Here u go

https://web.stanford.edu/~jbulow/Lehman ... 356609.pdf

Quotes in the presentation were taken from this. Tackle the snack drawer because it can get a bit mind-numbing

[Redress10]

I keep seeing it popping up all side and frankly its starting to get as annoying as the organo gold pests.
Anyone have info on what goes in at these seminars? Or any info on the scheme?

if it's Imarketslive then they are:

The exact same people.

The exact same people.

The exact same people

[air wick]

To be honest you don't need to join that iml pyramid scheme to trade forex. you can just open an account with FxChoice and download the metatrader app.
Its very risky... youtube is your friend in order to learn.

[nervewrecker]

actually its not me. I know its a scam.

Trying to get more info on the scam. I know how the organo gold scam went because of former coworkers that were involved in it. They dont want to give out any info on this without some stupid seminar.

Everyone swear they making money
Nobody can say how
They want to call you
They want you come a seminar

[Monkey Man]

like i said before wen a goon was tryna rope me into this ting, he keep telling me the the forex trade is generate "3 Billion" dollars a year. he said that like a hundred times in a few mins and keep opening up his eye big big big when he say it.

[Jonathan_337]

So I went to a seminar about this cause I was curious about it, same imarketslive thing. My question is, if they roping in people and ONLY make money if these people keep paying their monthly subscriptions, won't these people obviously have to be making money? Kinda interested in the trading thing. Just looking for opinions. I was considering trying them, but it's a very very hefty investment. Probably about $2400.

[88sins]

So I went to a seminar about this cause I was curious about it, same imarketslive thing. My question is, if they roping in people and ONLY make money if these people keep paying their monthly subscriptions, won't these people obviously have to be making money?[/quote]
Yeah, they making money, but from their day job, not the ponzi scheme. Most get out soon after they see that after their initial investment & first few subscription payments nothing materializes.

I was considering trying them, but it's a very very hefty investment. Probably about $2400.

it's a matter of perspective. to some, $2400 is a hefty investment, to others it's weekend beer money.

[pugboy]

So wait,
The same amway, noni juice, immunocal and organo gold folks are pushing forex trading now ?
Lol