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Messages - Rruchi man

Pages: [1] 2 3 ... 19
1
The question is why do people loss their money in forex trading?
People lose money in forex trading because some of them are too in a hurry to start trading before they have enough knowledge about it. Some other people also think that it's all about knowing the charts and a few indicators but do not understand risk management and the emotional side of trading, and that affects their trading to a very large extent. Another reason is that some traders mainly focus on technical analysis and do not pay attention to fundamental analysis because they have the notion that it is not important. Both fundamental and technical analysis are relevant to a successful trader.

2
So again, what proof do you have for your OP statement?
OP is speaking merely based on assumptions. Because in my opinion, gambling which he says has been of help to people in Nigeria is not actually doing that but the opposite which is creating more addicts, making those unemployed focus on it as a career instead of looking for a real job, and also Increasing the rate of depression.

Also @OP, if someone unemployed is gambling and sticks to it as a way for them to earn money to survive it will not belong before they decide to steal money or borrow from other people just so that they can gamble because an unemployed person is bound to run out of money at some point.

3
If the casino gambling pays you off better than your reliable source of income is today, would you concentrate more and give more of your times and funds to the casino? Or you would keep having the gambling board merely for funs as it maybe?
The only reason why people do not depend on casino gambling and sports betting as a source of income is because of their unreliable nature, but if there is a way to guarantee winning in it and make it a steady source of income, then why not?

Gambling is already a passion for some people, it will be nice to turn it into a full time career, so it will be nice to have turned your passion into a job.

4
I sell goods on some sites.
I offer digital skills online in exchange for fiat, and I have a business online too where I sell some physical products.

I mine coins.

I do not mine coins because not every one can mine, conditions in my country do not favor that. I am fully an investor (buy & hodl), venturing into trading the market.

I have a signature.
Signature has really helped to earn online in cryptocurrency. This has made investment in cryptocurrency easier.

5
To invest money into producing solar panels can be good idea? your thoughts?
This post was made some years ago, and at that time, I'm very sure that solar panels were not so common or so much in supply as they are currently and someone would have probably made a lot of money investing in their production. The investment in solar panels right now would be that you install them either at your home or office so that you can be off grid from the general electricity supply from the government and save yourself the electricity bills that you pay.

6
Trading (Not crypto) / Re: Between Forex and Crypto
« on: May 25, 2024, 08:39:19 PM »
In crypto you can earn profit in short term but the risk is also higher compared to forex.
If you want to trade forex because you consider it to be less risky than cryptocurrency trading, you will be surprised because you could still make sudden losses in Forex if you have wrong risk management practice. Choosing whether to trade either crypto or Forex is on preference and one reason some people prefer to trade crypto because they can trade at any time during the week or weekend unlike forex were the market closes during the weekends. This is just one reason of course, there are many other reasons that people have personally.

7
There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
As a new trader in the market, focusing on too many currency pairs to trade would be a very bad decision for you. You have to familiarize first with a few currency pairs like just one, and then after you've mastered it, you can take the knowledge and apply it to other currency pairs. In my opinion the best currency pair to put your focus on and study first as a beginner is the EURUSD pair in forex because of its high liquidity, then you can slowly stretch your observations to GBPUSD, XAUUSD and others relating to USD etc.

8
Bitcoin Mining / Re: BTC mining is good for society & environment
« on: May 25, 2024, 08:11:33 PM »
We all know the case against BTC mining: BTC mining consumes electricity, which leads to...
There is another argument that BTC mining poses a real environmental threat from your emissions.

What arguments can the crypto community offer in order to counter that assumption?
My usual argument against this assumption is that it is not only BTC mining that is posing a danger to the environment from carbon emissions, Before mining of Bitcoin started there have always been carbon emissions from industrial actions and exhaust fumes of vehicles during transportation, and fossils have always been burnt for electricity.

 No matter what we try to say to counter their arguments, these people that criticize Bitcoin a lot will always find something else to fault it with.

9
The sacking is an internal matter not related to performance.
I kind of agree with you because I just looked again at the headline, and it said Pochettino left Chelsea out of mutual agreement, But you cannot say it is not related to performance because if Pochettino had really performed beyond expectations and Chelsea had recorded a better performance this season better than what they have now, the owner of Chelsea would not want to let him go.

Man City VS Man United
Congratulations to Manchester United because they were able to stop Manchester City from winning a second trophy this season. Manchester City players looked almost overconfident, like they knew they were going to win the competition from the beginning but Manchester United players made the most of that opportunity to make sure that they did not waste the opportunities they were able to create. Good job from Manchester United but maybe it will not be enough to save the coach his job.

10
So I decided to ask it here on this platform, which one do you prefer the most?
Preferences will mostly be affected by the environment because if everyone around you loves sports betting there is a higher chance of you to be involved in sports betting than casino games. If as a gambler you do not have a choice between the two and you are heavily involved in playing casino games and also in sports betting, your gambling budget will be huge and you will spend a lot of money gambling because you will spend money on casino games and also spend money on sports betting.

11
I also hope Real Madrid will win the UCL trophy this season. It will be a great farewell for Kroos.
Just as you hope for Real Madrid to win the UCL as a good farewell to Kroos, there are others like me who want Dortmund to win it as a good farewell to Marco Reus. Kroos already has enough champion league medals from his time at Real Madrid; Reus, on the other hand, has only one champions league medals with Dortmund which he won years ago. If he is able to win it again before his exit from the club, it will be the best farewell gift from him to the club, and from the club to him.

12
There are more, which I would love you guys to mention and also specify the ones that I think are the major drives.
Entrepreneurship can be very discouraging, and even if an entrepreneur has other factors necessary to make the business successful, if the entrepreneur loses passion and commitment to their business, the business will collapse hence before you venture into the field of entrepreneurship make sure that what you're about to start is something that you are passionate about because it is the passion that you have that will keep the business going even when you are about to feel discouraged.

13
The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol,
Aside the need to build more refineries, which may take time, The government is aware of illegal refineries running underground and mostly striving on refining petroleum products stolen from bunkering and pipeline vandalism. If the government can grant approval to some of these modular refineries to start refining petroleum and selling it will increase competition in the market and force the prices of petroleum products to come down.

14
Nigerian Languages / Re: Becareful when using P2P.
« on: May 24, 2024, 08:57:05 PM »
But on clicking the link, the price changed to 1498 naira, and this change came without any pop-up notification, meaning if you are not vigilant, you won`t be able to notice the difference, and that would eventually lead you to sell your coin at a lower rate.
You have to understand an app to be able to use it properly, Binance made it easier for people to use their app, Kucoin requires a little more concentration but not so different from Binance.
Before Kucoin became blocked for Naira P2P exchange, I used it a couple of times and experienced this sort of thing, but what I can say about it is that the transactions never goes through because before you are about to approve it, there's always a notification that comes up to tell you that the prices have been updated and that stops the process.

15
Speaking of a rematch I think they will do it because of the massive PPV buys that this fight got. I have read an article (hope not fake news though) that the purse and PPV numbers have been split and Fury got a massive $145M while Usyk got $50M, that's a lot of money on both of them. I guess in the rematch, Usyk will get the larger piece of the pie this time around.
You should have shared the link to the article from where you saw those figures, because I saw $100 million for Fury and $45 million for Usyk based on the 70/30 split decision that they had in the contract. Fury earns more from the fight despite loosing because he has more popularity than Usyk, and he was more of the reason people saw the fight and paid for it.


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