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It has a small land area and an even smaller population. More information can be obtained from:. In addition to the reddiquette , the rules for this subreddit can be found on this page , and are summarised here:. Forex and how it managed to attract a lot of locals self. People go to forex trading because people are told that you can make easy money, and furthermore the idea that you could buy and sell currency in front of your laptop, and see money coming in, like in 5 mins, make people go play forex.

Hence, it can be seen as the fastest way to become rich. Back on my argument, about being told easy money thing. The truth is the one who make the most money is not the traders. It is the broker who is by adding spread to each your trade, and make money all the time.

It is the one who told you to invest forex, and buy their course. It is those recommend you to buy other course or seminar, so they could get affiliate commission. I don't about your financial knowledge is. I do know one thing is that forex is the most unstable market to trade for. There are reasons why big investors mostly avoid forex, and buy stocks and bonds only. It is because forex is risky, and not even worth trading in my opinion.

When it comes to buy stock, you analyze a company financial statement, and if you see potential growth in it, you invest that stock because you see value. For forex, duh, how the heck you can do that lol. Don't tell me about pattern, pin bar, bollinger band, indicators, robots etc, to use as a basis for trading, because it is bs. It's the same way as you would analyze a company financial statement. You analyze the economy of a country. Taking all of the Macro and Micro economics into account for future projections.

And that's what Economists do. Forex is as simple as trading BND to RM and back again. We all heard of that Najib case awhile back.

This will cause a ruckus towards the nation. Therefore, a rise in RM. Once it reached its peak, let's say 1 BND: Let's say you bought RM for BND Next, wait until it goes down to say, 1 BND: From RM sold, you get BND BND50 is your profit.

Of course the money changer will take a relatively small cut from your trading. And if anyone can read the economic and world news daily of what's going on the trading nations like over at [ForexFactory] www.

This is as far as what I know linking from my economics studies and reading up about Forex. Never traded myself but the idea is there. Theoretically, using economics, forex can me analyzed. Although I agreed it can be analyzed, but I don't believe it is as simple as you may think.

I used to think like you. With economics, almost everything can be analyzed. But you have to remember, when we study economics, we assumed everything constant, ceteris paribus, to make a theory making sense. The reality is a currency moves based on gazilion factors at the same time. And not only activities within a country affect a particular currency, but also other countries that it has a relationship with. With stock, you only focus on a single company, not a whole country.

Less complexity, risk is relatively easier to calculate, given the return.

My explanation is based on working as an auditor, knowing someone works at bank, and being an economics student in a uni. Anyone who works as an auditor and banking, know big clients mostly invest in stocks and bonds. Not that you absolutely cannot make money. Its just too risky, hence professional money manager, mutual funds, usually avoid forex.

It has more to do with the policies made by the federal reserve than economics.

These are dealings that happen between regulatory banks between countries. So when the federal reserve changes their interest rates let's say - that change has cascading effects to other currencies. And to expand on nosepickingexperts example of Malaysia, buying RM now is betting that the government doesn't screw up further than it already has, betting on Singapore not changing their currency, betting that China doesn't slump further in shares after their readjustment.

There is a lot going on that has to be analysed and the news is read, comprehended and bets are made by bots that perform all of that in the time that it takes you to click the link to the news article. Been trying to talk some sense into my family members but to no avail. I gave the same reasons as well but they are so certain of things that they simply don't think two or more countries' economic progress is beyond their individual analytical capability.

Well, if you are telling the truth, about making money consistently in forex. Then hats off to you. But i don't know, you might sugercoated your truth to make it sounds the way you wanted it to be. There is always up and down, just like any market.

About the China market, yea, you made it sound that bad, because you see it in short term view which is common for any fx traders , and you pick just one market sample out of many stocks market. The fact is Hang Seng index, despite falling, at current rate, is actually been increasing since 10 years ago. I like the way you frame your questions to making people believe forex is the only way to make money.

I wasnt saying stocks is the only way either to make money.

Daily Forex Trading: Is FOREX trading illegal in Brunei?

I was saying forex is riskier than stocks. And I wouldn't touch forex any sooner. With great returns, comes with huge risk. I used to think like you , until i revised my perspectives after seeing what most investment banks do with money, and after talking with a person who has experienced in as being money manager.

And their portfolio mainly consist of stocks. Therefore, I'm going to still hold with my belief. What I'm going to do about? Definitely not with forex. There are tons of opportunities out there. Forex isnt sure a get rich scheme,esp if someone has just begin to learn how to trade it,it took me nearly 3 years to be consistent in taking out money from the market,profit more than losses. I do agreed most people here offering forex courses are actually arent a real profitable trader themself,if they were i am sure they wont waste their time earning from teaching people how to trade.

I still remember when i started trading fx and people around me told me its risky and its sort of like gambling,lol but i wouldnt mind it being classified as gambling or just pure luck,as i have been consistent in taking out money from fx market.

Daily profit from trading sometimes is much more than wat i can earn from my monthly salary,lol. I know bro,the initial 2 years when i started trading fx it was non profitable and there were times i felt like giving up but i just did carry on. It was tough work,one good tips for ya is do trade what the market is trying to tell ya,trend and price action,forget what bankers and ecomomist from cnbc,bloomberg said on daily advice n tips,think about it if they were good in trading fx,why would they still work and take a fixed monthly salary from their company where they can earn a decent money from self trading themself,lol.

Wall street traders from investment bank like jp morgan, goldman sachs and rothschild, do make commission from the trades they make.

Not to mention with starting salary of 6 figures. Banker from GS are known to give their client advice on trades to take,and they usually take on the other side of their clients trade,lol.

People who do Forex are saying it's easy money that can be done during your free time same as any other get rich schemes , people get blinded easily by the idea of easy money, especially when those who are advocating it drives a luxury brand car and wears a suit no tie, mind you, it shows how carefree they are with an expensive watch on their wrists.

I've went to so many of these "seminars" and "talks" from Amway, WorldVentures to "Personal Finance Managers", but when none of them are actually pushing the products but rather the lifestyle that can be afforded by selling the products, you know something stinks. And when a business advocates recruiting others into the scheme, something's fishy as well. Is the OP even talking about the same Forex you mentioned Amway, WorldVentures? Or the Forex platforms, like XM, FXPro..

I'm not sure myself. I really have no idea what Forex is. That's why I brought up this thread lol. All I know after getting information from some people is that they invest money in it and profit from it later after some time. What is your opinion regarding Amway? I've been under consideration but many of my folks wouldn't recommend me to go there. You are going to need to recruit people to earn money, not sell their products.

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Their products are overpriced and overvalued, there are products that does what Amway's products claim to do but are way, way cheaper. But if you have the will and energy to recruit people and make money off their recruitment do it. I'm really dislike the idea of making money out of recruitments though, I'd rather it's from selling actual products. Thanks for the opinion, well, there's a lot of money to be discussed but, recruiting people, it's just a bit of pain and time consuming.

Besides, wouldn't it be better to just stick with the classics, like trade, buy and sell, I mean go for genuine businesses. Speaking of cheaper, do Brunei have this cash and carry? I wanted to buy a yogurt drink, in bulk, so I don't have to just go to the store and buy it whenever the first bottle finished. Here's some related Amway threads that were brought up before. Damn, there sure are lots of criticism surrounding Amway, huh You might be better off creating Hebat.

Let's hope the pioneers who made Hebat. You hired a trader to manage your investment in Forex? That's a neat idea. How did you find one? Affiliates of investment firms are the way to do it, or outright investment firms or investment banks.

People or firms with actual credentials, not just some guy. Citibank used to have a small investment department here, pity it got shut down when AMDB put in stricter Islamic-ish banking regulations, I think that was the reason. My guy at Citibank now works at HSBC doing something other than what he was trained to do, I think personal banking or some shit. At least it's less stressful for him LOL.

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