Forex trading using Top Business Services fraud or real

[mehro]

have you ever thought that the software for trading you are using is properly controlled by people who don't like to lose? Whey most people don't get profit? traders know better than average investor, right? then why they don't make profit for your?

[YamahaYB100]

Yes understood

[ahmadbila]

Excel and in 5k how much profit you can gain in a single transaction and how many transactions will do in 1 day? at that time

u can make unlimited transactions. n u CAN make even 50k dollars profit in a single day or u can lose that much too. depends on the item u bought. if the price increases 10 folds after u bought it, u make 10 times profit. if it increases 100 times, u make 100 times. n items DO, almost on daily basis dip or rise too much. so there IS an opportunity.

[mehro]

There was a time when i was $1200 in profit. If i wud ve cashed out, i would have my profit but i didnt! my plan was to increase the capital to $10,000 and then take out any profit. sadly i couldnt get there. I was hardly 20 years old with no knowledge of how these transactions work so i lost around $7000 in cash and more in forgone profit. I believe if i do it now, i can make money but dad wont lend me any cash

have you ever thought that the software for trading you are using is properly controlled by people who don't like to lose? Whey most people don't get profit? traders know better than average investor, right? then why they don't make profit for your?

[pardesi90]

@mehro, my suggestion is not to go for it, I was working for TOPWORTH EQUITY INTERNATIONAL, now know as HARVEST TOPWORTH, I saw many people lost their every Penny including me. i was holding the record of 2000 Transection per month means buying and selling. initially you will make profit but at the end you will loose. you can survey the market and you wont find a single person who made money.
Further Harvest Topworth is not a fake company, my father personally visited there when its Head office was in Hongkong, later on shifted to Macau.90% of the people loose money and 10% make money and those who makes money are the Banks and huge investors. i again suggest you not to go for it.

[ahmadbila]

have you ever thought that the software for trading you are using is properly controlled by people who don't like to lose? Whey most people don't get profit? traders know better than average investor, right? then why they don't make profit for your?

No sir traders DO NOT know better then normal investors. At this point u might be pulling ur hair out asking what the heck is this guy saying but thats the truth! the traders would sound helpful but their only tips are the ones that are far too obvious like "monday ko market opar jaegi" or "saturday ko market slow hogi" offcourse!!! have u watched the film "The wolf of wall street" ? even in that film, Leonardo's senior tell him "Not even warren buffet knows where stocks will go next" n thats true. I understand the mechanism of stock markets and derivatives/financial instruments etc. the only way to make profit in stock exchange wud be to have insider info of the company. n leaking insider info is criminal offence for executive management, even using of it by the company insiders is criminal offence! its a simple example, if u know that a new airport will be made near area X in 2020, u buy some land there and make huge profits there. so, the only profit comes when the general public does not know what YOU know. if the govt announces that we re gonna make an airport there, all of the public would rush to buy it and prices of that land will increase within days (within seconds in case of forex etc) and before u spot a tread, the prices will already be at or very near to their peak. even if u spot the trend quick n buy before the peak is achieved, u ll make profit only if u SELL if before the peak is achieved. because after such rise comes the downfall of prices. i hope i havent made it too complicated for u.

Now, the traders are just property dealers, they do NOT know where the air port will be made or IF it will be made. if they knew, why wud they be doing that job? why wud they just not invest some money in the business itself and millions each month (some do and its possible) even if u talk on a larger level, companies like Harvest etc employ several Certified Financial Analysts (CFAs) who claim to have the abilities of picking up stocks for people that will work, if the company is soo confident of those CFAs, why invest all that money running the business? why not just hire a team of CFAs and ask them to make trades with the company's own cash? why doesnt that happen? because theres NO WAY to do that!

[pardesi90]

forgot to mention they charge 50 USD per transection buy/sell, which is trading house commission, further they charge separate commission if you hold the positions in the market for night..... and there are other income which is not shown or discussed

[ahmadbila]

@mehro, my suggestion is not to go for it, I was working for TOPWORTH EQUITY INTERNATIONAL, now know as HARVEST TOPWORTH, I saw many people lost their every Penny including me. i was holding the record of 2000 Transection per month means buying and selling. initially you will make profit but at the end you will loose. you can survey the market and you wont find a single person who made money.
Further Harvest Topworth is not a fake company, my father personally visited there when its Head office was in Hongkong, later on shifted to Macau.90% of the people loose money and 10% make money and those who makes money are the Banks and huge investors. i again suggest you not to go for it.

the reason why only banks n huge financial institutions make money is that:

1) They have a huge capacity of taking risk. High risk equals high return
2) They dont invest in a single commodity. They build portfolios of several investments carefully pick up to reduce the amount of risk as a total.

The 1st one is very easy, if u have large amount of cash, u can take big risks. But managing a portfolio and weighing the risk vs return of different investments and then picking the right amount of each to make a well diversified portfolio is a game soooooo large that even a larger investor cannot think about it. its a big guy's game. by big guy i mean Mian Mansha or Malik Riaz type, not a normal rich guy.

[mehro]

No sir traders DO NOT know better then normal investors. At this point u might be pulling ur hair out asking what the heck is this guy saying but thats the truth! the traders would sound helpful but their only tips are the ones that are far too obvious like "monday ko market opar jaegi" or "saturday ko market slow hogi" offcourse!!! have u watched the film "The wolf of wall street" ? even in that film, Leonardo's senior tell him "Not even warren buffet knows where stocks will go next" n thats true. I understand the mechanism of stock markets and derivatives/financial instruments etc. the only way to make profit in stock exchange wud be to have insider info of the company. n leaking insider info is criminal offence for executive management, even using of it by the company insiders is criminal offence! its a simple example, if u know that a new airport will be made near area X in 2020, u buy some land there and make huge profits there. so, the only profit comes when the general public does not know what YOU know. if the govt announces that we re gonna make an airport there, all of the public would rush to buy it and prices of that land will increase within days (within seconds in case of forex etc) and before u spot a tread, the prices will already be at or very near to their peak. even if u spot the trend quick n buy before the peak is achieved, u ll make profit only if u SELL if before the peak is achieved. because after such rise comes the downfall of prices. i hope i havent made it too complicated for u.

Now, the traders are just property dealers, they do NOT know where the air port will be made or IF it will be made. if they knew, why wud they be doing that job? why wud they just not invest some money in the business itself and millions each month (some do and its possible) even if u talk on a larger level, companies like Harvest etc employ several Certified Financial Analysts (CFAs) who claim to have the abilities of picking up stocks for people that will work, if the company is soo confident of those CFAs, why invest all that money running the business? why not just hire a team of CFAs and ask them to make trades with the company's own cash? why doesnt that happen? because theres NO WAY to do that!

As far as property dealer example is concerned. I wud say all commission agents tell lie to sell things. they are only concerned for their commission. Same for traders.

I think we are missing the point.

The point was "Companies are ripping of innocent people" by using unfair means. They convince people to invest in a business in for which the know nothing. And they CLAIM they will handle your account and will produce profit for you. Many using fake softwares, where they can handle all the trades. Excel was very famous of doing that thing. There was a china man who was handling all that software and he was the big share holder in excel. I dont know about current situation.

My point is: how to spread the words to stop people losing money in those kind of fake companies where whole objective is to get clients money?

Also i wana know how many of those companies are there in atleast Lahore and their reputation is very bad

[mehro]

@mehro, my suggestion is not to go for it, I was working for TOPWORTH EQUITY INTERNATIONAL, now know as HARVEST TOPWORTH, I saw many people lost their every Penny including me. i was holding the record of 2000 Transection per month means buying and selling. initially you will make profit but at the end you will loose. you can survey the market and you wont find a single person who made money.
Further Harvest Topworth is not a fake company, my father personally visited there when its Head office was in Hongkong, later on shifted to Macau.90% of the people loose money and 10% make money and those who makes money are the Banks and huge investors. i again suggest you not to go for it.

thnx pardesi, you are exactly right, 90% people lose money, but still there is sooooooooo huge attraction that people cant resist. I dont think m gona invest in such kind of business, its better to start a company and rip people than losing your money by some idiot.

[ahmadbila]

As far as property dealer example is concerned. I wud say all commission agents tell lie to sell things. they are only concerned for their commission. Same for traders.

I think we are missing the point.

The point was "Companies are ripping of innocent people" by using unfair means. They convince people to invest in a business in for which the know nothing. And they CLAIM they will handle your account and will produce profit for you. Many using fake softwares, where they can handle all the trades. Excel was very famous of doing that thing. There was a china man who was handling all that software and he was the big share holder in excel. I dont know about current situation.

My point is: how to spread the words to stop people losing money in those kind of fake companies where whole objective is to get clients money?

Also i wana know how many of those companies are there in atleast Lahore and their reputation is very bad

well u cant call it a fraud. If the software is fake then certainly the company is fraud but otherwise, no! There IS an opportunity that u can use to earn profit and they do not say that they will handle ur account and make it profitable. they dont promise anything. its just like a simple example of a property dealer. he ll show u the property, help u do the transaction, get commission out of it. if u end up finding that the quality of the property is not gud, u cant blame the dealer. he showed it to u! n in forex world, they cant even lie to u, what will they lie about? they ll show u the opportunity, may be exaggerate it a bit but thats all. n let me make clear that the dealer here is the company (harvest), not the person that deals with u.

So, u cant say that companies rip off ppl. if more ppl make profit out of it, the company will gain more too as the investors will make more n more trades. so ur success will be in the company's favor.

as for other companies, i know nothing about other companies.

[pardesi90]

Actually we wanted to start the same business, so that's why my father went to Topworth Head office in Hong Kong to check out how they work, they offered handsome commissions in deals even on the investor loss, and I personally saw people getting fainted due to market up and down and losing money, and we don't wanted to get bad dua and people calling us with bad names so we decided not to go with this business. that was the reason that TOP Worth office was closed in Peshawar as people lost an huge amount, Details were also published in news papers.

[mehro]

Actually we wanted to start the same business, so that's why my father went to Topworth Head office in Hong Kong to check out how they work, they offered handsome commissions in deals even on the investor loss, and I personally saw people getting fainted due to market up and down and losing money, and we don't wanted to get bad dua and people calling us with bad names so we decided not to go with this business. that was the reason that TOP Worth office was closed in Peshawar as people lost an huge amount, Details were also published in news papers.

People like you are very few. Now days people just want money. Kaisay bhe ayee. I appreciate your decision. No doubt there is huge profit in this business. But you got to start your own company. that's why i am interested to know if the said company Top Business Services AkA TBS Market running by Ayehsa Anwar fraud.

I really appreciate your decision.

[afnanSJfayaz]

Search about the Scandal in Haripur. Sar E Aam has an episode on all of this. I wouldn't recommend.

[mehro]

Search about the Scandal in Haripur. Sar E Aam has an episode on all of this. I wouldn't recommend.

Yes, i have seen that program, that was one hell of work by some really smart guy. But here in Lahore even people are doing this kind of thing. Only difference is they take your signature on legal papers where you admit that in case of lose company or any employee of company will not be responsible for your lose. After that they give you some roller coaster ride and game ends with nothing in your hand.

[bigmaster]

which company was he working with? the 50 dollar amount is not fixed. u could be paying 0.5 dollars or even 5000 dollars depending on ur trade value as the commission is in percentage form, not absolute amount. n opening account value was $5000 in 2010.

its not even a fixed percentage...

its pips.
Percentage in point - Wikipedia, the free encyclopedia

ALL forex blah blah companies based in pakistan/asia etc are total BS...stay away from them..

nothing is regulated here...

if you want to trade FX, try an FSA registered firm based in uk.

USA has good regulations except the last time I checked they had put a 1:50 limit on leverage which is bad for a "get rich overnight" type trader...

only use a big reliable broker...preferably one which is maybe a part of a major international bank...

migbank Forex Trading Online - Swiss Forex Broker - MIG Bank and barclays looked good a few yrs ago...dont know if they still any good.

another good one I found was one listed on NYSE, seemed reliable, but forgot its name...

As far as trading strategy is concerned, just keep looking at a financial calender, when major news are announced, make sure you are awake and place trades accordingly with reasonable limits set. thats how you profit off of fundamentals.

On the other side you have technical analysis...
My experience so far had been that no indicator works better than the other...so there is no one good indicator, none of them are 100% guaranteed money...
although I think the moving average(most common indicator) worked pretty good cuz its used widely and since everyone's using it, self fulfilling expectations are common...

[mehro]

its not even a fixed percentage...

ALL forex blah blah companies based in pakistan/asia etc are total BS...stay away from them..

nothing is regulated here...

Can't agree more. You are 100% right

[pardesi90]

Boss No idea about that company, so cannot say anything about it... but still advise you do go Into this you will regret it.

[mehro]

Aisha Anwar Fraud is now confirmed. You can see my main updated post with references.

Mean time a very good article by Javed Ch. about how we can safe guard from these fraud people.

http://www.express.pk/story/229844/

[capsat]

if temptation is so much and you are able to LET GO of your money, just DO IT.such legit companies are registered under 'SECP' as financial advisors / consultants their master Principals are controlled by central reserves of respective home country / companies. FSA in UK, DIFC in UAE, LOFSA in Malaysia, NSA ~ CFTC in USA have their nominated registered consultants in Pakistan. what I know of ONE legit consultant based in lahore Mathamax Markets ?€” Empowering Your Business one ayesha akram works there though please do your home work, check the legit info from overseas offices note down name & number of person you speak to and communicate over his corporate email save that record and ' char ja bayta sooli , raam bhali karay ga '