Don't get fooled by all those HYIP sites on the internet. Why? Most of them are scams! Yes, it is possible to earn 20 or 50% high yield on your investment in just one day, but you need to take a very big risk and have a lot of luck. It's like winning in the lottery. It happens once in a lifetime and the rest of the time you lose.
How can you spot HYIP scams? Hey, be smart. If those people would be able to generate such incredible returns on investments, they would use their own money and not yours! Their modus operandi is very simple. They promise a high return on a small amount. You pay 100 dollars and the next day they pay you back 120 bucks ... they do this a few times to make you feel comfortable to invest a larger amount. let's say 5000 US$. Once you send them the 5000 bucks don't expect to hear back from them. Never! They do this with 50 or a hundred people ... do the math. They are rich and close their websites down. You don't even know who they are or where they are from.
If you want to make solid profits with your investments, you can never rely on other people. You will need to start trading on your own. Start out with Forex demo accounts and trade currencies and Gold. Read tutorials about the trade, educate yourself about chart patterns and get advice on various investment and brokerage boards. Establish a good strategy, manage your risk properly and don't let greed and fear take control over you. Once your demo accounts are producing profits over at least 3 months and you have some playmoney available (funds you can afford to lose) you can start to think about opening an online trading account and make investments or start day trading. Go with established brokers, only. Never open accounts with questionable HYIP offers. They are all scams!
| « ETF Investment Blog started |
High Yield Investments
1 comment
In view of the day trading community, we know for a fact that we are always constant in watching the trend activities in the market. We need to have a sound background in understanding of how markets work and the core principles within a market. For instance, you need to know about news playing, artificial intelligence and when to strategically undertake price action. For more insights email me at ashrah09@learndaytradingfast.com or visit http://learndaytradingfast.com
Ashraf Hamdan
-Master Trader and Day Trading Code Pioneer
Ashraf Hamdan
-Master Trader and Day Trading Code Pioneer
10/27/09 @ 06:08
This post has 4 feedbacks awaiting moderation...