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    RayMOn

    @RayMOn

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    Latest posts made by RayMOn

    • RE: Poor countries, poor people

      @fxDreema said in Poor countries, poor people:

      I'm noticing an increasing number or people asking me to give them cheaper or free service, because they are poor. I'm not talking about big numbers here, something like 5 such requests in the last few months and similar number in the previous few years.
      There is a particular reason for this recently - the situation in Iran. "What situation?" people would say, because from what I see, no one is talking about this. But apparently there are big political struggles and fight for freedom over there. This is what I understand from my emails.
      But even before that situation I had the same response to people who don't have the money to afford a subscription here. I want to write my response here, so I can give it as a link, instead of writing it again.

      Stay away from Forex and trading. Forex (and trading in general) is like a casino, where the chance is that you will lose your money. The common knowledge is that more than 95% of traders are losing money. Here is a little bit more optimistic article, which says that more than 77% of accounts are losing money, but even if this is true, it's still a large number.

      This is especially true if you are a newbie in this game. Newbies are doing all the newbie mistakes, that's why they are newbies. This is a guarantee that you will lose your money, maybe even multiple times. If you are poor, do you really have money to lose? I don't think so.

      This is even more true if you are poor, because in this state you are worrying way too much about the money, and as a result you are doing even more newbie mistakes, increasing the chance of losing your money even more.

      This EA builder is not a magical tool that guarantees a success. Sometimes I look at it as just a tool for learning some basic strategies by making them first hand, and eventually realising that they are not successful. It's a cool tool I guess, but it's not a get-rich-quick tool for sure.

      My advice is to spend the money you have for what you really need, for survival. If you are poor, it means that there are many things that are way more important than trying your luck in a casino-like game (Forex and trading). I would say that It's even irresponsible to spend the money you need for survival, for such stupid things.

      Learn some skill and make something that produces value for other people (this could be a definition of a business). You already know that there are solutions in Internet, which is a good start, but the problem is that you are looking in one of the most dangerous solutions for you. It's so much better to learn English, programming, web design, freelancing or some other "Internet" skill that would bring value to other people (clients) in Internet and in return they will give you money. Make a good use of the bad situation. This is what I did at least. When I started this website, I also had no money, I was below newbie in programming, I had 2-3 margin calls back then, I was even screaming and crying while waiting for the next margin call to happen. But I kinda used the anger and aggression from these failures to fuel the desire to make this tool. In the following years, when I had money, I again tried my luck in trading multiple times (manual day-trading) - failing every time. Trading is just not as easy as it seems.

      If at this point you think that I'm just too cheap and tight for money, well, maybe investigate the things that I wrote above and try to find if they are true or not. At the end of the day, if I give free subscriptions to 5-10 poor people in an year, this will not change the situation for me. But it would most likely change the situation for these poor people for the worst, by making them even more poor.

      If you still think that I'm a cheap and bad person, let's increase that to the max and say that I'm selling empty hope to rich people who have money, but I'm just too lazy to deal with you personally and that's why I'm trying to discourage you by telling you the truth, which is that everything is just an empty hope.

      posted in General Discussions
      R
      RayMOn