wassup guys - Forex or Stock market? - WickedFire - Affiliate Marketing Forum

LemonAden · 07-01-2007, 12:39 PM

Ive been so freekin busy i have not had time to post in a few weeks (legal shit been dealin with) so i hope everyone is well and cool, etc.

Someone in my family got a large sum of money for an injury that happened to them. They told me that they are fucking around with penny stocks, etc.. I freeked out and said no no no, but this person will not listen to me.

I know Jon told me once that hedge funds are the way to go, but he did not get that much money..

So basically i want to help him not waste his money. He wants to invest it and make some money back and hes going to do the penny stocks shit no matter what i tell him.

So my question is, do you guys do forex or penny stock shit, and if you do, which programs do you use for it.

Forex and penny stocks is what he is interested in and i dont want to see him lose his money so all suggestions (real ones) will be kik ass. Thanks much!

A

engaged · 07-01-2007, 12:51 PM

this is gambling and the $ is going to be gone. plain and simple that is what will happen.

also, you won't be investing in any good hedge funds unless you have tens and tens of millions, even then you probably won't be able to get in on a good hedge fund, no matter what.

Bofu2U · 07-01-2007, 12:51 PM

Forex is a VERY LIQUID market. I put $40 in one day and took out $300 a few hours later, but this was PURE LUCK!

Stock markets.. tell him to try IPO's and use www.IPOHome.com - you'll find some good money makers. I recall one that I did that nearly took 800% up that I picked (my dumb ass didn't put the money up, though).

Hope the link helps, IPOHome alone has made my friends a lot of money.

Edit: Why not just put in a high yield savings account? www.FNBODirect.com - 6% FDIC-Insured savings account with a 1 million dollar limit per account. Hello!

ck256 · 07-01-2007, 12:56 PM

There's no get rich methods in the stock, hedge fund, penny stock, etc market that aren't about the same odds as gambling the money.

If they don't know what they are doing, find a low cost index mutual fund, put the money in there and forget about it until they do know what's going on.

Or join an investment club and gain experience that way.

good luck

dsm56 · 07-01-2007, 01:01 PM

I'd recommend options trading, although I havnt really tried it myself, still waiting on my reg info.

With options you can do "straddles", where you are betting that the stock will move. You don't even have to say up or down, just bet on it moving. And its pretty cheap, and the returns you can make are massive. If a stock moves a lot, you can turn $100s worth of options into tens of thousands of dollars.

Im really annoyed i didnt buy some options before the blackstone ipo, could have made a lot of money.

krazyjosh5 · 07-01-2007, 01:06 PM

Quote:

Originally Posted by Bofu2U

I put $40 in one day and took out $300 a few hours later, but this was PURE LUCK!

Um. Doesnt forex move money in the >$10,000 range? You cant just put a few bucks in forex and take it out..

LemonAden · 07-01-2007, 01:11 PM

Good info guys..

Right now he is buying penny stocks.. I dont know what will happen but i told him to do forex because its easier i thougth.

Isnt there a website that lets you trade forex,etc? Tells you what to do and when to do it?

i want to get him away from the stocks because it is a gamble and i dont want to see him lose his $$

Bofu2U · 07-01-2007, 01:14 PM

The minimum to open an account is like $250, that's what I did.

Quote:

Originally Posted by krazyjosh5

Um. Doesnt forex move money in the >$10,000 range? You cant just put a few bucks in forex and take it out..

LemonAden · 07-01-2007, 01:16 PM

where did you open your forex accounts? How do you track it all?

I know there is software for it, ive seen it on infomercials, etc.

BetaGamma · 07-01-2007, 01:22 PM

we're all experts aren't we?

Bofu2U · 07-01-2007, 01:25 PM

Quote:

Originally Posted by LemonAden

where did you open your forex accounts? How do you track it all?

I know there is software for it, ive seen it on infomercials, etc.

I signed up for a Forex.com practice account, and they give you the software for trades for free. Not too bad of software, auto buy & auto sell at certain prices, etc. Helps with not taking massive losses.

Tracking is within the software, keeps track of open orders, previous orders, etc.

PS - If you want me to refer you to my account rep he can get you/your friend started, let me know.

blackthought286 · 07-01-2007, 03:13 PM

The person in your family is taking a huge risk right now in the market. Especially in penny stocks. That is a highly specialize area that you can make money off of luck but if you don't know what you are doing you will crash. Most penny stocks are otc (over the counter) so they don't have to report their earnings and business state as thorough as other companies. There are web sites that follow them pretty regularly but nothing like a big exchange keeping tabs for me.

If they really want to take a risk but in a less violatile area than penny stocks why don't they do small caps. At least it's still cheap but the information is still reliable.

If they really want to do penny stocks they can do the spam trick but again that is also highly risky and unless practiced can still lose them money. I read a lot about Forex but have not actually traded in it. So I can't really give you a personal viewpoint on it.

robertdotcom · 07-01-2007, 03:14 PM

OFFTOPIC: Happy Bday LEMONADEN! I Wish you the best gay relationship you can have. Cheers!

BeerHat · 07-01-2007, 04:13 PM

He's going to lose all of his money if he keeps it up. Penny stocks are manipulated (ever seen those spam emails you get?)

Tell him to put it in a s&p 500 index fund and go back to work.

He could also buy a business with it, but anything is better than penny stocks.

geekcognito · 07-01-2007, 05:08 PM

I wonder why you and everyone else hasn't just thought of the simple plan of having him bankroll your online endeavors such as affiliate marketing. Last I heard, you were doing pretty well.

tigertom · 07-01-2007, 05:13 PM

Best investment advice I ever read was in a book by Scott Adams, the author of Dilbert. It went something like:

First own your own home outright,
then save up enough to last a three months / 6 months / a year off work,
then get health insurance,
then pay off all outstanding debts,
then put aside money for your children's education.

After all that you can think about investments.

Your friend sounds more like a gambler, and he's got a lot of company in this world. Greed is one of the seven deadly sins for a reason; it burns you up.

07-01-2007, 12:39 PM	#1 (permalink)
LemonAden RockStar Join Date: Jan 2007 Location: University City, MO Posts: 617 iTrader: (0)	wassup guys - Forex or Stock market? Ive been so freekin busy i have not had time to post in a few weeks (legal shit been dealin with) so i hope everyone is well and cool, etc. Someone in my family got a large sum of money for an injury that happened to them. They told me that they are fucking around with penny stocks, etc.. I freeked out and said no no no, but this person will not listen to me. I know Jon told me once that hedge funds are the way to go, but he did not get that much money.. So basically i want to help him not waste his money. He wants to invest it and make some money back and hes going to do the penny stocks shit no matter what i tell him. So my question is, do you guys do forex or penny stock shit, and if you do, which programs do you use for it. Forex and penny stocks is what he is interested in and i dont want to see him lose his money so all suggestions (real ones) will be kik ass. Thanks much! A __________________ www.AdensBlog.com - My Blog! COPEAC - MADE $2500 MY FIRST 2 WEEKS!

07-01-2007, 12:51 PM	#3 (permalink)
Bofu2U if($profit){replicate();} Join Date: May 2007 Location: Towson, MD Posts: 2,420 iTrader: (10)	Forex is a VERY LIQUID market. I put $40 in one day and took out $300 a few hours later, but this was PURE LUCK! Stock markets.. tell him to try IPO's and use www.IPOHome.com - you'll find some good money makers. I recall one that I did that nearly took 800% up that I picked (my dumb ass didn't put the money up, though). Hope the link helps, IPOHome alone has made my friends a lot of money. Edit: Why not just put in a high yield savings account? www.FNBODirect.com - 6% FDIC-Insured savings account with a 1 million dollar limit per account. Hello! __________________ Contempt - Where I put my BlackHat Ramblings ... CRUSH GRANTS WITH ME @ AQUASIS! +BB_Wolfe • I feel like a gorilla mouthfucked me in my sleep last night.

07-01-2007, 01:01 PM	#5 (permalink)
dsm56 breasts Join Date: Oct 2006 Posts: 136 iTrader: (1)	I'd recommend options trading, although I havnt really tried it myself, still waiting on my reg info. With options you can do "straddles", where you are betting that the stock will move. You don't even have to say up or down, just bet on it moving. And its pretty cheap, and the returns you can make are massive. If a stock moves a lot, you can turn $100s worth of options into tens of thousands of dollars. Im really annoyed i didnt buy some options before the blackstone ipo, could have made a lot of money. __________________

07-01-2007, 01:11 PM	#7 (permalink)
LemonAden RockStar Join Date: Jan 2007 Location: University City, MO Posts: 617 iTrader: (0)	Good info guys.. Right now he is buying penny stocks.. I dont know what will happen but i told him to do forex because its easier i thougth. Isnt there a website that lets you trade forex,etc? Tells you what to do and when to do it? i want to get him away from the stocks because it is a gamble and i dont want to see him lose his $$ __________________ www.AdensBlog.com - My Blog! COPEAC - MADE $2500 MY FIRST 2 WEEKS!

07-01-2007, 01:16 PM	#9 (permalink)
LemonAden RockStar Join Date: Jan 2007 Location: University City, MO Posts: 617 iTrader: (0)	where did you open your forex accounts? How do you track it all? I know there is software for it, ive seen it on infomercials, etc. __________________ www.AdensBlog.com - My Blog! COPEAC - MADE $2500 MY FIRST 2 WEEKS!

07-01-2007, 12:51 PM	#2 (permalink)
engaged I can get it juicy for ya Join Date: Jan 2007 Posts: 1,487 iTrader: (1)	this is gambling and the $ is going to be gone. plain and simple that is what will happen. also, you won't be investing in any good hedge funds unless you have tens and tens of millions, even then you probably won't be able to get in on a good hedge fund, no matter what.

07-01-2007, 12:56 PM	#4 (permalink)
ck256 Senior Member Join Date: May 2007 Posts: 159 iTrader: (0)	There's no get rich methods in the stock, hedge fund, penny stock, etc market that aren't about the same odds as gambling the money. If they don't know what they are doing, find a low cost index mutual fund, put the money in there and forget about it until they do know what's going on. Or join an investment club and gain experience that way. good luck

07-01-2007, 01:22 PM	#10 (permalink)
BetaGamma Banned Join Date: Jun 2007 Posts: 105 iTrader: (0)	we're all experts aren't we?

07-01-2007, 03:13 PM	#12 (permalink)
blackthought286 Senior Member Join Date: Jul 2006 Location: Harlem, NYC Posts: 141 iTrader: (0)	The person in your family is taking a huge risk right now in the market. Especially in penny stocks. That is a highly specialize area that you can make money off of luck but if you don't know what you are doing you will crash. Most penny stocks are otc (over the counter) so they don't have to report their earnings and business state as thorough as other companies. There are web sites that follow them pretty regularly but nothing like a big exchange keeping tabs for me. If they really want to take a risk but in a less violatile area than penny stocks why don't they do small caps. At least it's still cheap but the information is still reliable. If they really want to do penny stocks they can do the spam trick but again that is also highly risky and unless practiced can still lose them money. I read a lot about Forex but have not actually traded in it. So I can't really give you a personal viewpoint on it. __________________ The Best in Hip Hop and R&B Financials for beginners

07-01-2007, 03:14 PM	#13 (permalink)
robertdotcom Senior Member Join Date: Feb 2007 Posts: 211 iTrader: (1)	OFFTOPIC: Happy Bday LEMONADEN! I Wish you the best gay relationship you can have. Cheers! __________________ Super Copeac made me 300$ on the 1st day after joining

07-01-2007, 04:13 PM	#14 (permalink)
BeerHat B re-enactment actor Join Date: Feb 2007 Location: Miami, FL Posts: 529 iTrader: (9)	He's going to lose all of his money if he keeps it up. Penny stocks are manipulated (ever seen those spam emails you get?) Tell him to put it in a s&p 500 index fund and go back to work. He could also buy a business with it, but anything is better than penny stocks. __________________ Follow Me On Twitter Datapresser - Advanced SEO Tool

07-01-2007, 05:08 PM	#15 (permalink)
geekcognito Join Date: Nov 2006 Posts: 1,529 iTrader: (26)	I wonder why you and everyone else hasn't just thought of the simple plan of having him bankroll your online endeavors such as affiliate marketing. Last I heard, you were doing pretty well. __________________

07-01-2007, 05:13 PM	#16 (permalink)
tigertom Too Proud Join Date: Apr 2007 Posts: 129 iTrader: (2)	Best investment advice I ever read was in a book by Scott Adams, the author of Dilbert. It went something like: First own your own home outright, then save up enough to last a three months / 6 months / a year off work, then get health insurance, then pay off all outstanding debts, then put aside money for your children's education. After all *that* you can think about investments. Your friend sounds more like a gambler, and he's got a lot of company in this world. Greed is one of the seven deadly sins for a reason; it burns you up. __________________ TigerTom