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Okay so it's been a week i've been trading on binary options (Quotex) with a demo account, all of this stsrted when I saw a video of a Youtuber called Lady Trader. Said woman, posted a video of her going up from 1€ to 500€. That's when I said " :O, y not mi?" So i beginned to bingewatch related videos about this topic.
First day I started with the demo, went from 20k to 35k (max. Entry cost 1000€), and the next days i slowly reached up to 65k. Today, a week later i decided to invest my REAL money on it, 60€ and turned them into 500€. My "strat" consists on using alligator, bollinger, and stochastic (as you notice the are the most common indicators on this type of investment, shown on videos). What I'm trying to say this is too much for me, is like too good to be true, and I was wondering if someone has used this website, and if it has had some issues on withdrawals.
Im an newbie investor, never ever heard of this "options" since a week ago, and I'm fully amazed of this high reward. My "tip" (related to the title) i know many of you aleady know it but, for those who don't; AVOID OTCs.
Hi guys, all your opinions are greatly appreciated, I am in my early 20s with no student debt or any sort of personal debt. My Kiwisaver is maxed contribution on the ANZ life plan. I have a decent salary for my age but don’t own any high value assets e.g mortgage, shares, cars etc…
I currently possess $200k~ liquid funds, what should I do with it and what are the most important things to look out for?
Are they more liable than the average person for what they say online and does a disclaimer like that really shield them from all liability?
I'm curious. This is a field that so many people have found so lucrative... Daily, I'm amazed by the wealth of community knowledge that can be found on what is becoming one of my favorite subreddits.
edit: thanks for the answers, insight, and advice, guys :)
Hello,
What is the point of having a financial adviser and under what circumstances should one seek their advice? I realize this might be an extremely broad question, and it would definitely depend on a person's circumstances, but I honestly don't understand why one would seek the help of a financial adviser as opposed to studying and making your own decisions? I am probably naive and arrogant to think this. What is your perspective on this?
I encourage you all to join a professional association such as American Federation of Teachers or another association of your preference. For about $20 a month you have access to legal advice up to several million dollars in legal fees, and most importantly a sense of empowerment that is priceless. I am in Texas where striking and collective bargaining is illegal for teachers and I still pay my dues for this alone. Please look into it. I do not teach in a district that is even represented by a branch or representative, but there’s a local #0000 that represents me. If we all join, our power will be so much more. Think what power we would have if every educator belonged to an association and voted as one.
So this is mainly for my partner as I’m currently studying full time and only working part time.
He has recently landed a job earning $110k a year. The things is we both grew up pretty poor with almost zero financial knowledge so we don’t know much about investing/planning etc.
He wants to start saving up to put a downpayment on a house and also to start investing some of his money but has no idea where to start. Neither of us want to make the same mistakes our parents did lol, and we want to build a financially stable life for ourselves before we start a family.
Him earning this amount of money so suddenly has been overwhelming as he doesn’t really know how to use it to the best of his ability and neither do I. Should he contact a financial adviser? Is it expensive/worth it?
