Many HYIPs state that they make their returns, either partially or fully by investing in Forex. While we all know most HYIPs are ponzis, I'm sure there are some legit ones out there which really do invest in Forex and make their returns by trading. I'd like to get your opinion on this, what percentage of HYIPs which claim to invest in Forex actually do ?? And of those which do, is there a better chance of a long term, stable HYIP when truly investing or is the chance of the admin losing the funds quickly even greater ??
Forex & HYIPs - Is it ever the way it seems ??
- Thread starter FXexpert
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I think that you are dramatically misusing the word "hyip" here but, anyway, if you gain with the trend you don't earn just 12-15 pips and if you do then that's not a trend at all.
A long term, stable HYIP is a contradiction. The whole idea behind HYIP is high risk, and "risk" is not friends with "long-term" or with "stable".
Forex is the perfect vehicle for HYIPs because of the high degree of leverage and low degree of regulatory oversight. I often hear that forex is risky, but it is only as risky as you choose to make it. No one is forcing 50:1 leverage down your throat. If you choose to take on high risk, then you have to be prepared for the likely consequence. It's like saying that driving is risky. Well it is, if you are tripling the speed limit while smoking a crack pipe on a snowy day. That is the equivalent of high leverage. You might get there, and if you do you'll get there fast and in a great mood. But chances are you'll wrap yourself around a pole and die. Is the reward worth the risk? Only you can tell.
Heh... All HYIPs are actually scam. Which ones "can be defined as long term or stable"? Please, name some names.
HYIP cannot be compared with Forex.
HYIP is the worst form of gambling you could take...Nothing is in your hand...
The pyramid owner could just closed down the website whenever he wants and you lose all your money...
HYIP is the worst form of gambling you could take...Nothing is in your hand...
The pyramid owner could just closed down the website whenever he wants and you lose all your money...
You're right most are scam, there are some which are relatively long term compared to others like geniusfunds.
Brokers make their money by charging spreads. If you select a regulated, established broker, then you are almost safe from being ripped off by the broker. If you lose all the time, it means you didn't do your home-work.
HYIP are born-scams. You'll make some money only if you are 100% lucky, and your admin is 100% honest.
Nah, you only have to catch a moment when the HYIP just opened and make some small deposit for a short period of time. Also I'd recommend to not keep all eggs in one basket.
Frankly, I have no experience on HYIP; Forex is the only one profession that I am involved with! Interesting point is, I get enough financial freedom here so I never tried others online profession, even I am not interested in Options trading.
I think, following the market trend is the best practice! Trading against the market trend is always (most of the time) costly.
