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Many people like trading foreign currencies on the foreign exchange forex market because it requires the least amount of capital to start day trading. Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers. Forex trading can be extremely volatile, and an inexperienced trader can lose substantial sums. The following scenario shows the potential, using a risk-controlled forex day trading strategy. Every successful forex day trader manages their risk; it is one of, if not the most, crucial elements of ongoing profitability.

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There are several reasons why you should opt for the FX over other markets. It is larger than any other and with way more liquidity. We can tell you dozens of benefits of forex trading, but the main one: it is for everyone. Have an Account? The Foreign Exchange Market All the currencies. Become An Acetrader. Forex Rates by TradingView. Go To The Trading Academy.

We Are Social. However, almost all money-making sites these days are utilizing it to stay under the radar. What do you think about it Luyanda? Have you used it? Has someone introduced it to you? It all depends on the rate on people joining Gene-Paul but as of now, they seem to still be doing okay. The average lifespan used to be just a couple of months, with the more popular ones lasting for about a year. Hey John, What if they are claiming that they are taking their profit on the winnings before paying it to us.?

Would that not work? If that were the real case, we would all be rich! That makes me curious. What do you get out of writing this…? I much appreciate this read as well as the dedication to commenting. My personal decision is not choosing to gamble for now without invalidating the purpose of playing games! Appreciate your way of giving perspective without attachment to any ones outcome. Sign of wisdom.

I get the satisfaction of knowing others understand what it is they are putting their money into before they make any kind of investments. I too, was new at all this at one point, so I see it as a way of giving back. Oh, and I enjoy what I do, lol. Grant That was a big red flag for me — where is the money coming from?

Enjoyed your article and your conclusions are very valid. I have been burnt by similar set ups in the past. I have noticed many associates contacting me to go into this. None have done any independent research or used critical thinking to assess the validity of what they offer. I have checked the regulation of both cfx and everfx and they come up as poor and a big risk. I would love this to be a sure foot investment, but know how difficult it is to get returns from trading.

You can increase your account one day and the market can mash you up the next. It seems to be a MLM company and using everyones deposits and packages to payout. As there are many days in forex when there just are not any trades to be had, even by the most skilled broker. I know some are making profits now and FOMO will entice more to join but the bigger it gets the quicker it will burst in my opinion.

Personal experience? This is not a toilet cleaner or a vacuum we are trying Okey. Can it work? Will it flop? It sure is possible and usually what will happen eventually. I am sure that with this review though, you will get exactly that. Hope this helps Okey. Thsnks for your input. One thing you need to undetstand is that it is a closed loop system as far as commissions. Thecost of buying the pack and the withdrawal charge all go back into the system to pay ALL the commissions.

They could close the door to newcomers tomorrow and it would still pay the commissions. The Broker they use is EverFx. Award winning Broker. Sponsor of spanish football team. There us also a good possibility of them closing the doors tonew people in the near future. Cashfx make a lot of money from the packs. They pay out a small percentage aand that is admitted. Better than a bank. Let it double. Take out you money. Buy the same pack again, then your playing with house money!

And I always recommend the same strategy you mentioned for those who are still looking to join something like CashFX. I think you were too soft on the review, maybe it is because of the legal implications for not calling it a Ponzi scheme as it should be called. It reminds me of the original Mr Ponzi and the non trading of stamps. The payment system is somewhat clever by not paying out too much so the Ponzi scheme can last longer and earn more for the owners and top leaders, and making it look as if it was money from real trading, but we know it is a front for the Ponzi scheme.

They have no licence to trade and as you said, if the traders were really making that return on trading, they would keep putting in their own money instead of giving it to others. I am part of a genuine Network Marketing business with real beneficial value for money award winning products and are going 27 years because of the products and the real legitimate business where people are paid on product orders and not on recruitment money.

Glad we see things the same way Austin and I know I was too nice, lol. I found your review great, I am currently with CFX and plan to get my money back as quick as I can to make it risk free, some of the things you mentioned as well i am so guilty of, I see it working and I told everyone because ot thought it was brilliant until people started asking me questions and I realised I know nothing about it, i have been looking into it recently and I have learnt more from your review than what I could find out myself so thank you for this.

Thank you Naomi for this. I am a potential new member from the USA, once it opens to us. I wonder why it closed in the USA in the past? And which business is that chief… John is sharing what is knows and openly tells that one gotta study and decide.. Thank you. Very informative. I have people trying to get me to join, I put it off for awhile now.

Out of curiosity I joined yesterday. Invest first, then review…LOL I know that is backwards. Maybe why my investments do not work out so well: Maybe you can review for some legit or close to it investments. It sounds like you what you are talking about: Thanks again. Hopefully things keep rolling along so you can see some kind of profit. If not, I hope you at least break even.

Cross your fingers…and your toes! We would have milked it as long as we could have until we made so much money that it got boring and then we would have spent our remaining years on the beach. Timing is everything, make what you can in Cash FX Group and just hope that you get out before it ends and you lose everything…hello there Bernie Madoff.

Hi Chims. Thanks for your comment. Btw, is there some way we can connect privately? Want to know your opinion about the company. This goes to you too, Mr. John Cruz. Some way I can connect with you privately. I promise you guys, there will be no sales talk. Just your input. Thanks very much john, what about chy mall, do you think is legit and better to give a try?

What I would like to read on these kinds of reviews is what evidence or lack of evidence these comments are based on. For example I am invested in two sites which pay out similar amounts in daily interest. The trades they are making or have made in their daily trading period are shown as they are completed or as a list of trades made in the daily trading period. As the trades involve bitcoin they can be found on blockchain if you want to spend time looking for them.

Showing proof of trade and profits is part of due diligence. There are hundreds of sites exactly like this out there Andrew and there is no way I will put money into even half of them. They all have trading as their service and they all promise a return on your investment. I have joined many of these and I know exactly how they work. If I made money, does that mean they are trading?

Because I know that you can really make money with sits like this. They would up the stakes and make more money for themselves. Now whether or not you invest, is all on you my man. Whether you lose money or make money is something that will be determined with everything I just mentioned in this review.

At the end of the day, people are making money as of right now. Will it last? Will this replace your day job? Now the decision is on you and at the very least, you know what to expect. Hope this helps Andrew! Absolutely appreciate your review, John Cruz. Keep up the good work, champ! The guy really sweet talk me and I fell for it.

I personally got started with the affiliate marketing model and it still amounts for most of my income. I will be creating my very own course soon but for now, there are many programs that teach this kind of stuff. If you are on a budget, I always recommend a site called Wealthy Affiliate.

Of course, I will get a commission, which is exactly how affiliate marketing works. Besides that, you can always do some dropshipping or other e-commerce related businesses, but you will need a lot more money to get started. I hope this helps Ishola! Thank you so much John. Thanks so much for your review. Pls advice me of legitimate schemes to make money. Hi John, thanks for ur honest review. Was about to join, but after going through your review, I think Cash fx is a big risk for me. Please kindly look into chymall for me.

Thanks in anticipation.. Thanks for this review John, makes sense to me. I know other schemes in the past that paid really good early on and continued to do so, the problem was they were unable to withdraw the money with nobody to complain to. Is it true that even if you make money, you will lose a lot of it as when you go to cash in they take a hefty fee? Thanks John C for the elaborate explanations. Well done John I appreciate the effort you go to to help us not be lambs to he slaughter.

Than you I look at many sites where reviews are conducted and so many are really promoting a particular offering. Very little due diligence is done by these so called reviewers and I guess they get some for of kickback for their shoddy promotional work under the guise of a review. I cannot even have confidence in sites like trust pilot as its quite easy to see it is being taken over by some scam sites themselves with false reviews etc.

John do you know of Bitcoin Systems? A site promoted as legit by a reviewer but I doubt it from my initial contact with the front door guys. Get behind the front door and Bitcoin Systems is never mentioned again.

Somehow it morphs into Stockscm which in turn uses other exchanges to shift or buy and sell cryptos etc. The trap is they will never settle for the so called minimum start pack but push hard for ever increasing deposits. One Company that is being promoted to me has similar methodology to cfx but my own review has it as very open and transparent and i can contact the owners by visitation or telephone. I have now committed to this coy but adopting the sane method of removing my initial investment as soon as i am able and let the rest ride out the wave.

Keep up the good work John. Thanks, Umbrella but can you send me a link to Bitcoin Systems? I have never heard of them but I would like to look into it more. Always say what they do and do what they say. They pay every Saturday no matte what.

The platform is sustainable and this company will last for many many years. Trades can be followed live in the website. Everfx is the broker who trades and holds the money. This is a fully licensed award winning broker who exists for over 10 years. For me it has given me financial freedom! I can say CashFX has made my life much easier and more comfortable.

Did you quit your job? Curious as to what you mean. So hopefully, this company will last longer than what you have predicted. Are those other members that you recruited? I totally under this post. I am a member of cfx for about 4 months now and everything is fine for now but keeping in mind that at any minute things can go sideways in this multi-level marketing business model. I think the review is more than fair and with anything when it comes to investing money try to stay neutral and know that things happen.

There are some big winners but a lot of people are not going to reap the benefits. Tradera is similar to CashFX but they have you paying for a membership to have things operate more like an MLM rather than just promoting it like a trading platform that everyone else does. At the end of the day, they are the same exact thing. They are all recruiting based and use the trading industry to produce some kind of product. I actually did a review on them as well, so you can check that out here if you want the full scoop.

However, it seems like CashFX is still paying, so hopefully, you can make some money in return. Is it possible that Cashfx is doing something like that? The whole MLM business is like you explained unless they have a tangible product. Stocks or any format of trading even if they are registered are a risky business. CFX would have folded months ago if it was a ponzi paying out with new money. They dont require new recruitment to pay out comissions because everytime you upgrade or renew the contract the upline gets paid.

How does the company earn from this? Yes they help you trade as the product they claim and teach you. But how does that equate to their own profits? I trade too. Make more or less some says. Fight to keep my wins more than losses. Make it transparent. A year has passed and … no office. The latest video said that Panama ports were closed due to Covid so materials for construction were delayed.

The ports were never closed. They are still promising that an office opening is imminent. There is no office. The CFX forex traders have no experience trading forex. They are just normal people who are playing the role for CFX. Should they be? Back in the day when these things first came out, some have tried to do it while residing in the US and paid the price. I have a question…. I always recommend you start your own online business, Leonard.

Check that out and you can get some ideas. That is a big Red Flag. No one knows the volume of Trades placed with Everfx. Trading never guarantees constant gains everyday. Any bad publicity will cause panic which will collapse the system in no time. I have noticed that most Social Network platforms used are locked from free commenting, mostly managed by admins. Yes, even if they have some differences here and there, the ultimate goal is always going to be the same with these types of sites.

Hi there John I am so glad i came across this review. I think you are absolutely spot on, on your observations. What i like even more is that you don not say whether this is a scam or not, but rather provided enough information for individuals to make their own decisions.

I love it… I was introduced to this company today, and i am here as part of my due diligence. Yes it it is risky, but i suppose if i can enjoy some payments for a few months it will be great; obviously hoping that i still have a few months…. Make that money and I hope you do great things in ! Hello Zepho, Please how is your journey so far with Cashfx, are they still paying or are you still with them? Hi John Really enjoyed the review.

I am wondering if you have reviewed Dacxi, and their Dac Pack Cheers. The fact ultimately remains on individual who makes the final decision that may make or mar them. Am very skeptical about the cfx thing. There is no verification of trades. Hello John Cruz can you look it up if this. Company are legit or scam? Thanks for this review. It is very balanced and leaves a person clear about whether or not they should invest.

It would be very insightful to get your opinion on them now. I might just do one Daphine, so stay tuned…. Was considering getting my son to join but await your response. Hei hei. Millise valemiga???? I think CashFX is a scam. People in the US are not able to upgrade. No, the account is shut down immediately, and the account holder stops getting any weekly gains. So who gets that BTC. Why keep it.

This is a lot easier and straight forward than the procedure we had before, where you would have to withdraw the funds into a bitcoin wallet and pay for the upgrade from there. Cashfx also claims that recruiting others is beneficial, but not required to recieve payments on the cfx account. Which again, I think is great and I have received payments regardless. I fully believe that their reasons for not allowing others to withdraw were not honest, and I fully believe that they rely on certain factors taking place to provide the money for withdrawals.

I find it strange that with , members, there are only members on their telegram and only 25, subscribers on their YouTube channel, which usually only gets views per video or less. However, this is not true. Because if that was the case, there would be just as many popular success stories on YouTube as the scam videos. Very typical and is bound to happen.

With the comments coming in about payment issues, we shall see where things are next month. It has been 7months I made a withdrawal request from cashfx and till now has not been credited ….. I am on a USD package. I regret ever joining this ponzi scheme program and at the moment they have gone off the domain …. They sent the message to so called group leader …. I really pity those that invested hundred of thousands of USD.

One of the better reviews I have read for both sides of the coin. If you are not good at that, you better learn or your gains will be slow and low. I thank you for the review, as I came into so cash and wanted to find the best way to make more out of it. If not in another review or personally, that would be greatly appreciated. To all that are investing smart, keep doing it.

He never said one bad thing about the venture and told you to make the choice on your own. I am aware that you have received my email in response to Hyperverse and yes maybe this is not the platform to answer on that. Please send me your email address so I can send you more information so that you can know whether this is something to associate with not. Did I?

I must have overlooked it or something, so shoot me another email Tony and we can go from there. A Head Quarters you can visit and people have done so. Interestingly enough since the pandemic companies and individuals alike have started inviting people to join them in passively investing and giving out a fixed percentage.

The financial institutions have been raking it in behind our backs for decades. There are those out there. Whatever they are called will do anything to stop wealth reaching the masses. Yes there are scam schemes out there. But not everything is a scam. But the fact remains CFX are using the exact same system and processes the global financial institutions have been using for well over a hundred years. The actions of the East India Company are a great example of a company with more power than the monarchy at the time who seized control over nations through money and powerful trading connections.

Anyone who stood in their way disappeared. No different today as the French secretly kill any any leaders who rise up in their colonised nations who argue that payment to them must stop. But time is already causing people to ask if it is a scam and unsustainable then why the HQ, why are billionaires coming on board, why is MasterCard on board. Wow, Gerald, you have way too much time on your hands. I think I did a great job at not calling them out for what they really are, so appreciate how nice I was lol.

Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Skip to main content Skip to header right navigation Skip to site footer. I am, however, an online entrepreneur who has been a part of many sites like Cash Forex Group. It is that same time when USI Tech exploded, making lots of people money. They see the trading, along with the fact that they are making money. Contents show. What is Cash FX Group?

Will They Pay? Do You Need to Recruit? The Price. The Compensation Plan Recruiting. Is Cash Forex Group a Scam? Will it Last? Overall 2. Like Share Tweet Pin. Thank you for it. Not a problem Tristan. So what did you decide on? The commissions off the trading is where they make their money. That and breakage in a network. I would like your opinion on this if at all possible. I think they are falling apart. I hope those of you who put money in at least broke even.

Sir, and are you still getting constantly profit from the cashfxgroup until now? The most interesting part is that you believe your own assumptions. Is it really trading your money? Maybe, maybe not,, you wrote. What is that based on? A seasoned entrepreneur also has a money story. All you have done here is build your review around your imagined conjectures and assumptions.

Wow John. Hi John I am with cfx last 8 months and my income is something makes me grateful to Lopez! Thanks John. Many people do John, CFX provide the service you decide you will be judge over it? This is nothing but a clickbait site to try to steal marketshare.

My question Rudy is who does he really work for? Life is a gamble and only the brave enjoys the ride. Hey Mr John tell me whats your take on Bitcoin Thank you. May you and your family live well. You are an inspiring being. The 27 years one; what business is that? Thanks This goes to you too, Mr. Sure, just shoot me an email at john underpaids and we can go from there.

Never heard of Chy Mall…Do you have a link to that one? Now the decision is for one to make. Thanks once more Cruz. What is IM International? Please I need your personal mail. I have a couple of questions to ask you. Very little due diligence is done by these so called reviewers and I guess they get some for of kickback for their shoddy promotional work under the guise of a review I cannot even have confidence in sites like trust pilot as its quite easy to see it is being taken over by some scam sites themselves with false reviews etc.

Thanks for your review, I have takes some sense. NET if its legit or not. Thanks, Teelon and I hope things are going well on your end. Thanks for your honest review John. Just trying to check what you think of it? Love your review John. Javier was a taxi driver in Curacao. Hi John, just came across your review. Very concise.

The model is the same as Cashfx. Hey John do u know about Solmax group please let me get your view on them. That was awesome and indeed very brilliant view and observation from John. Hi John I am not sure why my comments about CFx is not posted here, yesterday? Your usual honest review is important to me and my colleagues to make a decision please. Many thanks. Let me look into that Cheran.

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I fought with UPME GROUP for a long time, but my money was never returned. it can be concluded that the forex company UPME in fact, is running a scam! WikiFX provides Marex Spectron review: covering licenses, range of markets, user reviews, forex spreads, trading leverage, read our in-depth review before. We closed the quarter with consolidated revenue of COP trillion, which represents an increase of 89% as compared to 1Q21, a net profit of.