Make Money Easy ! Scam or Trap ?

Ever seen easy money making offer ?  They are always very convincing - - -

It even challenge you to leave, this is reverse psychology making us to feel that he really has something here . . .

calls for action again, this is the most important step to close a sale.

Reassure you it is EASY.  You earn money Right away even if you are dump.

 Finally the number is out.  This is what they want from you.

Quickly follow by wordings like "FREE" make sure you feel good again

this should caught your eye, what to reinvest? is it a must?  I can't be all out?

 Reassure you again its ok if you are dump

The payment page is not a secure page, even the error message is wrong implying this page is modified from some other template related to phone!?

 You are in !  Happy ?  You must be thrilled because you will be a millionaire soon !

So what are the catches ?  Well, don't curse them nor say they are cheating you.  Because they have already lay down the answers to you as well, in the fine print.

In this case, this is actually forex trading which they use binary option.  They make it easy so that you don't need to know anything but just "bet" on up or down.  Very much like betting Big or Small on a roulette table.

Is this a scam ?  Well, no one will sell you a piece of cake by telling you what addictive they added to keep them puffy.  They always tell how healthy and tasty it is.  It is a part of sale process.  No matter how simple I could make it, if I sit down and explain forex properly most would doze off or walk away in less than minutes.

This is a carefully crafted piece of art, the best sales messages ever.  Even if I have written many of such sales pitch myself in other occasions but when I read this, the urge to join them is still there and strong.  It adheres to all the NLP selling techniques, each word is used precisely to bring out the human nature in us to trust him.

In this case, this site was setup in 2015 and regulated by USA law.  Some people actually makes good money from this scheme.  People who continuously use this method however, is less happy.

What do you think?  Would you call this a scam ?  Or a good sales pitch ? Or it doesn't matter as long as you earn money then its a good thing ?

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How was my Forex game ?

After setting up my forex game in just 15 minutes, I let the 'winning formula' runs by itself for the past 12 hours.  While I eat, dine and wine as usual.  I have just earned $64 !

First check the Account History to see what your formula has bought and sold for you.  As you can see below, I only win BIG in 1 or 2 trades, most of the other trades are actually losing trades.

This can be seen from below graph too, the formula successfully caught one major down trend.  When the market goes side way, many small loses are made.

So I test the formula again for the past 24 hours

Instead of earning profit for me from 30th to 31st August, this formula now is losing me money if I would have traded from 31st August to 1st Sep.

So was it just pure luck ?

• Moving Average with those big parameters are meant to catch big trend change and indeed that was what it did exactly.  When market goes smaller side trend, it starts to trade too late and caused loses.


• So each formula is good at certain condition and until today, there isn't one formula that can cater for all situations


• The so called world champion strategy has about 48% success rate when left running over a long period of time.


• But The good thing is now we can test our strategies before we actually enter market.

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Learn to PLAY Forex in 15 minutes

Truly understand Forex may be as tough as understanding world economy.  But 'playing' forex is NOT any tougher than any number game.  I have stopped forex for a couple of years now, recently I got some spare time ( Happy Raya Merdeka Day to fellow Malaysian !) so I re-learn and start to play again in 15 minutes, perhaps you can try too.

1. Register an account with Oanda  (Choose Practice account)


2. Login to Oanda


3. Create sub account, enable use with MetaTrader under Advance Option


4. Download MetaTrader, install it.

more instruction details from Oanda 

1. Run MetaTrader, Login using account number, not the user name


2. Launch Strategy Tester under View menu ( CTRL-R )


3. enter basic parameters and click Start


4. view Report to see if this method can earn money


5. Modify Expert Properties until satisfy with result


6. Da da !  I have a sure win strategy in Forex !!

Ok, the last statement is a lie.  But there are 'teachers' collecting $3,000++ for a course just like this thao.

All that 'proves' is that Moving Average with those particular parameters can earn me a hundred or two bucks from 30th to 31st August 2011.  It implies almost nothing at all how it can preform before and after that.

Important but boring notes

• I choose Oanda because almost 48% of its users are earning while others only have 20-30% success rate.  Oanda is also having the largest users base.


• Investing with real money in Forex is the beginning of the end even for some billionaires.  It is almost a Guarantee place to die if you don't truly understand forex yet.  So play it like a game all you want, but never ever invest in Forex just because this blog makes it seems so simple.


• The true message MalPF wants to share is that you must use EA if you truly serious want to invest in Forex.


• Can't even get passed signing up, download and login with Oanda ?  Just click the LIVE HELP button on their web page, someone will chat and help you.


• You are still clueless how to 'play' forex ?  Good, you shouldn't then.

Alright, here are some screen shots ... 

1. Register Oanda

2. Login

 3. Create sub account, enable MetaTrader

 

4. 1.  Download and login MetaTrader

2. Open Strategy Tester window ( usually at the bottom )

3. Enter parameters, click Start to analyse

4. View Report to see if it is satisfactory

5.  if not, tune 'Expert Properties' until happy.

6.  If still need helps, pay me $3,000 and I will teach you in person in Starbuick. *joke*

When you have found your jewel guarantee to win strategy, its time to enable the automated trading ( on a practice account ), leave it there and then check the result later.

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How to automate trade Forex

After you setup a demo account, test proof a winning strategy, you can let that the system to trade for you automatically.

Make sure Expert Advisor is running ( green color )

Then select the strategy you want to use, right click and Attach to a chart.

Click on Live Trading ( on a practice account )

Make sure the parameters are as what you wanted

Sit back and just watch the system trade for you.

How this demo is setup in 15 minutes
and how much it has earned me in the past 12 hours even without me working on it.

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21st century Economy Politic Quadrant

The Economy-Political Quadrant may seems like telling where to keep or invest your money despite good or bad time.

It indeed works very well during 20th century. Unfortunately comes to 21st century, not only has the year changed, personal finance arena has changed drastically as well.

Gold has been speculated so much that it MAY no longer be the standard of money.

There used to be only 'property' in the city. Now there are satellite towns, suburbs ... agriculture lands and even dust bins ( recycle ) have become valuable estates too. While property remains the right category to invest into whenever economy is booming, but predict the right future seems like tougher than buying lottery.

Government bonds used to be de-Facto action when a country is stable. But in today's world, a country is as smart as a taicon's finance. One day they are the LARGEST, the next day they are GONE.

Stock market used to be the back bone of a country's economy. However, the market of derivatives has become so HUGE that the REAL and PHYSICAL is NO LONGER more real than VIRTUAL

So in 21st century, the element of Stock-Property-Funds-Gold is really questionable. However, one fundamental that doesn't change is that

you will have to identify what to do at what time that is BEST for YOU !

Hope you will find your own very best Economy-Political Quadrant soon !

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Recession over, what's NeXT ?

Sometimes I feel very depress when my prediction comes TRUE.

For those who don't know yet, Malaysia is going through a transition where political power could potentially shared between 2 parties; instead of just one-side-say-it-all like the past 50 years. Unfortunately, the initial phase of this transition has ended in a way when our new Prime Minister has strategically resolved it.

At the moment New Economy Model was presented, I immediately sensed the game err they plan to play. Because exactly the same game plan has been played in USA before. While it is true that Malaysia CAN become a developed nation by adopting those moves but it has also been proven that such finance structure is NOT sustainable. Just see what has happened in USA and what is happening in Europe.

Although as if recession is over now, actual effective inflation experience the SHARPEST rise in last 2 months, as high as 25% to 50% if you visit hypermarket often. That is not the worst. What is happening now is that major manufacturers are deceiving consumers in large scale openly. While their products have inflated severely, they run advertisements and promotions as if their products are ON OFFER ! All these are done as part of the exercise to smoothen the transition into a developed nation, hence they have government support behind the scene at all cost. Ahem ... at consumer's cost that is. While these are nothing new to those who have seen it all, but sadly ... there are more consumers falling into it than realizing it at all.

As mentioned in what can we do when bully by the big boys, there is probably nothing much we can do to STOP anything now. So there are just a few things we can probably watch carefully and ride on so that we can get a piece of the pie too ...

• Property will rise drastically. Wherever you are staying right now and despite how much you like it, it may become more worth while to sell it off in the next 10 years. So do plan ahead where you may want to stay 5-15 years later. This may become your LAST and ONLY ticket when the nation is developed and you are still under developing.

• Double your salary in the next 2-3 years. If you wait till the wave carries you, you will always stay behind. You salary WILL increase AFTER the effect of inflation fully kick in. But by then, your increased salary will mean much less. So you really have to think for yourself now. If you are really royal to your employer, your employer should have seen this coming too and take care of you but did it ?

Other than that, derived finance products like futures, options and forex will over shine proper financial planning so much that a lot of weird and ad-hoc theories will surface out. Most people will no longer be able to differentiate what the real proper investment is. On the other hand, that is due to more and more improper investments will actually obtain real returns for the new few years. So if all you care is to get more money, then it should fine temporary.

Hence, MalPF only has one advice to all. Be deviated all you want, just remember to engage an exit strategy and keep yourself in high cash flow condition.

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