I'm starting this thread because a close friend of mine

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I'm starting this thread because a close friend of mine is being sold on the idea of forex.

We are both interested in investing in stocks. Right now I'm waiting on a year to finish college, get an engineering career and start investing some income to create passive income. In the meantime I'm studying up on business general and everything that can help on trading stock. Internet/books/etc.

He's a little more hands on and has not done that much research on it. He lives in Mexico, has a job and some good money at this point. A Forex team just recently came to town and is saying that they just recently open it's doors to Mexico. This team is offering him the Forex app for him to trade stocks manually under Forex guidance in the form of alarms to your phone when a stock seems like an appropriate buy/sell. It can also run on automatic and just invest your money for you on the given alarms. Catch is there is a monthly payment of $175/mo to have the app.

They are also doing a pyramid scheme in which if you bring in 3 more people you no longer have any monthly payments.


How badly is he getting fucked?

I already told him that he should first read up and research everything on stocks and then think about throwing the money on it.

I told him the pyramid scheme aspect of it sounds sketchy to me.

Of course the biggest catch is that in order to be profitable at all you would have to play with a capital of 2k at least and hope to make about 10% monthly to cover the $175.

So the only way to go is come in with 3 people ready to sign up so you don't have to pay those $175/mo and even then you're still just playing stocks with forex where you can win or lose.

Main question I have is has anyone made good money with Forex??

>Forex general
>Forex made me rich/poor