After expressing a general interest in markets and trading, i was reccomended Apiaryfund & The5ers as risk free funds that teach the basics of FOREX trading before offering you the chance to trade on their behalf.
The first, Apiaryfund, seem very susicious in that it's expensive training program revolves round gaining 'experience points', some of the requirements for which include posting on the community forum, making numerous orders per level and i suspect inviting new members to the program. It reeks of Pyramid/MLM, whereby the system generates low quality market orders for the higher level members to exploit (i don't know if it actually works like that) - they apparently have organised trading sessions where they all do it together.
The second, The5ers I'm losing energy to bother delving into. Though a third of the team is involved in socialnetworking and search engine optimisation, making me think training-customers are a larger part of their business plan than trading profits.
Perhaps i'm cynical - it just feels like unless you know what you're doing, most of the prospective 'traders' will fail to meet the requirements for funding thus lose the value they invested in training.
Does anyone have experience getting into this sort of thing as an interested newbie?
Beyond the obvious "Don't invest what you can't afford to lose", how trade??
I think I recall there's an Economics Explained video that goes into this. He has a couple of blind spots on certain subjects but does a good job explaining the theory behind most things.
The gist of what I remember is you were pretty much right that it has a bit in common with MLM type stuff, but the reason it works as a market is because currency is an inherently valuable thing in its own right. There's no reason to be the one proverbially left holding the ball when the music stops, because the music will never stop.
Contrast that with crypto, in which it's only valuable as an investment to ultimately exchange back into money- If everyone wanted to cash out, it'd instantly become worthless, because there'd be nobody to sell it to (because it's not a good investment (because there's nobody buying it (because it's not a good investment (because there's nobody to sell it to (because...))))) You get the point.
On the one hand FOREX is a total mugs game and you're obviously dealing with a scam. On the other, you can't even capitalise 'i' so I'd rather you lose your money.
>>8760 >training-customers are a larger part of their business plan than trading profits
This. Anyone I know that has come up with a sure-fire system to work any markets keeps it to themselves; you have to wonder why all these companies are so into the training angle.
