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Dennis#MD last won the day on September 22 2021

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About Dennis#MD

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  1. Hello dear TGFists, I would like to whish all of you a happy Christmas with your loved ones! Even if that we are a community of like minded investors and traders keep in mind that is not everything about money. Make sure you spend enough money with your family and friends. If you dont celebrate Christmas, well, make sure you have a good rest and spend time with your loved ones. Happy Christmas gals and guys,
  2. Tax havens are places where wealthy people keep money in offshore accounts for reasons especially related to tax avoidance. These people often own money in companies registered in places like the Cayman Islands and other small, low-tax jurisdictions in remote locations. CORPNET, a corporate research group based in Amsterdam, has ranked the most important tax havens in the world based on how much money enters the country compared to how much it should depend on the size of its economy. Most of the top tax havens are island nations such as the British Virgin Islands, Samoa, and Malta. Here is the top of tax havens made by CORPNET. 15. Seychelles Formerly a colony of the United Kingdom, Seychelles is an archipelago of islands in the Indian Ocean. Seychelles was blacklisted in the EU as a tax haven in 2015 but was later moved to the "gray list" after making some tax reform commitments. 14. Cyprus Cyprus is investigating several corruption allegations related to its "golden passport" program, which offers citizenship to foreigners who invest at least $ 2.2 million in real estate or local businesses. 13. Nauru Nauru, a Pacific island in northeastern Australia, is the smallest independent republic in the world, with a population of less than 10,000. In 2001, the country was blacklisted internationally, with suspicions that it had become a money-laundering center. The Organization for Economic Co-operation and Development (OECD) announced in 2017 that Nauru is making progress on fiscal transparency. 12. Luxembourg Luxembourg is one of the richest countries in the world, largely due to its financial sector, which accounts for 35% of its GDP. Since 2002, the Luxembourg government has implemented several policies aimed at attracting foreign direct investment. But Luxembourg has lost some favorable tax advantages in recent years, following pressure from the EU and the OECD. 11. Mauritius Mauritius, an island country on the southeast coast of Africa with a population of about 1.4 million, is home to more than 32,000 offshore entities. It encouraged foreign investment as early as the late 1980s and early 1990s when it adopted the Mauritius Offshore Business Act. This allowed the incorporation of foreign entities with low financial information and extremely low taxation. Mauritius was one of 30 countries registered as a tax haven by the EU in 2015, but the EU removed it from the list in October 2019. 10. Malta Malta is an archipelago in the Mediterranean Sea south of Italy, with a population of about 450,000. According to the BBC, Maltese companies pay the lowest profit tax of any EU country. Local businesses pay a 35% profit tax, but foreign corporations pay up to 5%. 09. Marshall Islands The Marshall Islands, a chain of islands in the central Pacific between Hawaii and the Philippines, was under US administration for nearly 40 years before gaining independence in 1986. The island nation of about 76,000 people was one among the countries on the blacklist of tax havens in 2015. But the EU decided in 2019 to remove it from this list after the administration decided to outlaw companies created to avoid paying tax contributions and are made under false identities. 8. Curacao Curacao, a Dutch island in the Caribbean, is known as an offshore financial center. In 2017, it was put on the EU's "gray list," It was shown that it needed to improve its fiscal policy to comply with EU transparency regulations. 7. Liechtenstein Liechtenstein, one of the few mainland countries on the list, has a thriving financial services sector and one of the world's highest per capita income levels. According to the EU, it also served as a tax haven and was blacklisted in 2015. Liechtenstein has agreed to take some measures to prevent tax evasion but still has one of the lowest corporate tax rates in Europe and the world. 6. Samoa In 2015, the island state of the South Pacific ranked first in the top of the most secretive nations in the world when it comes to keeping information of people who own companies and money in this country. Samoa is also on the EU's blacklist of global tax-havens. 5. The Cayman Islands The Cayman Islands is one of the most famous tax havens in the world because it has no profit tax, no personal income tax, and no capital gains tax. In October 2019, the Cayman Islands promised to reveal the identities of each person who owns a company there by 2023. 4. Bermuda The British island's economy, which is home to about 71,000 people, is mainly based on insurance and other financial services. In 2016, Oxfam ranked Bermuda first in the top of tax havens and was one of the 30 countries registered as a tax haven by the EU in 2015. 3. Jersey Jersey, one of the Channel Islands between England and France, has a reputation as a tax haven since the very wealthy British began moving there and transferring their money to the island in the 1920s to take advantage of its lack of taxes on wealth and inheritance. 2. Taiwan Taiwan is a disputed nation between China, which claims it as one of its territories, and local authorities, which see itself as an independent democracy that supports human rights issues. The EU called Taiwan a potential tax haven in 2017, but it was blacklisted in 2019 after it pledged to reform its tax system. 1. The British Virgin Islands The world's main tax haven, the British Virgin Islands, has more than 5,000 times more money than the value of its economy. In 2017, British Virgin Islands officials released a report claiming that British territory is not a tax haven but a strong contributor to the global economy and a facilitator of international trade and investment. The EU has given the British Virgin Islands until the end of 2019 to adopt tax reforms to avoid the 2020 blacklist of tax havens.
  3. I've started to create tutorials for each section of our community. That's because I want the newbies to know exactly how everything works and get their basic info from a trusted source. Here are the first 2 for the HYIP section: HYIP Dictionary - Learn the most common terms used in the HYIP industry. How to make money with HYIPs [Complete Guide] - Learn everything you need to know to make money in HYIPs. If there are any HYIP tutorials you would like me to write, feel free to post the title below.
  4. This HYIP Glossary will allow you to speak the industry’s language! Check this big list of 100 HYIP-related terms that every investor needs to know! A Account Balance - The balance of one's current account inside a program (HYIP or other). These funds can be used to withdraw or to invest into the program's Investment Plans. Account Number - The unique number of a personal member account. Active Deposit - The amount of money that is actively engaged in the money-making program. Admin - The creator and/or manager of the HYIP program. AdvCash - An electronic payment system that accepts HYIP program payments. Affiliate Program syn.: Referral Program - A money-making program where you earn money based on recruiting others into the program (Referring). Many companies usually pay for the referrals their users or members recruit a persent of the referrals' earnings or deposits. Alias - An online persona created for running and/or promoting an HYIP website. This is done to either hide one’s identity for professional or personal reasons. Assets - financial resources that provide their owner with the right to profit. Auto-Payment - The system payment feature which processes the withdrawals automatically when needed without request. Auto-Withdrawal (same as the Instant Withdrawal) - The system payment feature which processes the withdrawals automatically when a member makes a request. B Banner - A type of visual creative (see creative) used to advertise a HYIP. The most common banner sizes are: 728px x 90px, 300px x 300px and 125px x 125px. Betting - Some HYIP programs make money on different kinds of bets, f.e. sports. Bonus - Funds the administrator adds for some reason to the member account differing from any planned earnings. C ccTLD - Country-specific TLDs (top-level domains) such as .ca, .co.uk, .in, .au etc. Compounding - This is the concept that one earns interest on the interest he has already earned. At first, your money grows slowly, but as time passes, your money grows more rapidly. This is often considered the "eighth wonder of the world." F.E.: You deposit $400 to the program with 5% interest and 25% compounding. When you receive your payment, 25% will be added to your deposit, and 75% you'll receive to your account. So you'll receive (5%*$400)*75%=$15, and your deposit will become $400+(5%*$400)*25%=$405 Compounding Deposit - A deposit with the compounding option used. Compounding Percents - The percent of earning which is deposited back into the system. Creative – A creative is a promo tool advertisers use to get users to actually click-through and take action. Examples of creatives: towers, text links, badges, banners, pop-ups, email copy, etc. Synonym of “banner.” D DDoS attack - This is an attack on a website, the main purpose of which is to put it out of order by submitting many false requests. As a result of such an attack, the site may be unavailable for some time. Hackers usually use DDOS attacks to put HYIPs into difficulties and ask for ransom. Deposit, Deposit Amount - The funds deposited into the program. Deposited Total - The total amount of money ever deposited into the program to date. Diversification - The concept of spreading the money among many different investments or investment programs to reduce risk. It's the idea that one shouldn't put all of your eggs in one basket. Advice: Diversification is a good way to reduce your risk and exposure to the market. Every good portfolio should be diversified. The level of diversification is up to you, though. DNS - An Internet system that translates a domain name into an IP address. Domain name - A name for a website that makes it easy to access by acting like an address that can be entered into the browser to access a site. Downline - The people one recruited (his referrals), plus the people they recruited, and so on. E Earned Total - The total amount of interest one's investments have ever earned inside the program. Exponential Growth - Exponential growth is growth that accelerates the rate of growth increases over time. If you compound your interest from an HYIP, your income will grow exponentially. F Forex aka Foreign Exchange Market aka FX Market - Market for trading currencies internationally. The foreign exchange market, also referred to as the Forex and FX market is a decentralized market that has no physical exchange floor. Trading is done over the counter, via phone, fax, or electronic distribution networks. Turnover in this market is approximately $1.5 trillion daily, making it the largest, most liquid financial marketplace. Forums – Discussion boards across the web for various topics and niches.Example: Top Gold Forum G text H Host – A business that basically provides storage and services needed to serve website files and pages. HYIP - A High Yield Investment Program. These programs claim to invest in high-risk, high-yield opportunities. An HYIP can be both offline or online and maybe be investing in a variety of markets. A large portion of online HYIPs is Ponzi schemes that call themselves HYIPs. Usually, every high yield program goes with quite a risk, so it will be helpful to use diversification while investing in these programs. HYIP Monitor - A service that tracks the performance of HYIPs. I Incentivized Affiliates – This is where website traffic is bequeathed with incentives to complete a set action that ultimately results in the affiliate earning a commission. The incentives can vary. In fact, it could be a prize, discounts, money, or even free subscriptions. Instant Withdrawal (same as the Auto-Withdrawal) - The system payment feature automatically processes the withdrawals when a member makes a request. Interest Rate - The amount of money in percent that a borrower pays to borrow money (an HYIP pays to investors). For example, if a $100,000 investment has a 5% monthly interest rate, the program will have to pay $5,000 each month (or any specified period) until the program ends. Advice: The goal for investors is to earn the highest interest rate possible without sacrificing any security. Investment Package (for HYIP) - A set of similar Investment Plans grouped by some similar properties (payment ratio, compounding feature, or other). Investment Plan (for HYIP) - The investment proposal with a pre-defined interest rate, initial deposit range, and other options. One program may have many additional plans grouped in investment packages. L Laddering - Purchasing bonds that mature at various intervals. This provides the investor with greater regularity of income. Advice: Bond laddering works by purchasing bonds with different maturities. For example, you might purchase 3 years, 5 years, and 10-year bonds. By doing this, you are giving yourself greater liquidity because your bonds will be maturing periodically. If you bought three 10-year bonds, you would have to wait 10 years to see any of your money returned to you. Liquidity - Liquidity refers to the ability of people to get into and out of investments. A "liquid" stock is a stock with many volumes that are easy to buy and sell. A "liquid" investment is an investment that is easy to withdraw. Advice: A liquid investment is one that you can buy and sell easily and quickly. An example of a liquid investment is a bank account. You can go to the bank and take your money out quickly and easily. An example of an illiquid investment would be real estate. If you want to sell your house, you have to put it on the market and could end up waiting over a year to get your money. Or an investment with a non-withdrawable principal. Understanding how liquid you need to be is important. Obviously, if you're in college, you want to be liquid so you can make your tuition payments. If you're retired, you'll want to be liquid to pay your living expenses. Localization - The translation of a webpage for a different culture or language. M Maturity - It's the length of time that you have to wait until you get your money back. Advice: This is the date the borrower has to repay the lender the principal Maximal Deposit Withdrawal Duration - A time period after which the program member cannot withdraw his deposit. Minimal Deposit Withdrawal Duration - A time period after making the deposit, the program member cannot withdraw his deposit. MLM or Multi-Level marketing - Money-making programs require participants to market and sell things to make money. The money earned is based not just on how much was sold but also on how much was sold by the other participants you've recruited. MLM can also be an abbreviation for Marxism/Leninism/Maoism. P Payout Ratio - The percentage of earnings paid out in dividends. It is calculated by dividing the amount of all dividends by the amount of all earnings. Parent Package - Allow depositing to the package only after the user has deposited to the package marked as a parent to the current one. Penalty - A sum of any currency that the administrator removes from the user account and transfers into the system. Ponzi Scheme - The term Ponzi is derived from the actions of a man names Charles K Ponzi. Any program or claimed investment opportunity relies on new investments to pay off the older ones. Those who invest first are thus paid their returns from those who invest after them, leaving the last investors the ones who lose out. Many HYIPs who claim to be trading, investing, etc., are really only running a Ponzi scheme. Some have also compared the US Social Security system to a Ponzi scheme. Portfolio - All of your investments. If you own five stocks, a bond, and have bank CDs, those would be collectively referred to as your portfolio. Advice: When you hear a person talking about their portfolio, they're just referring to all of their investments. If they say their portfolio is up 12%, it means the average return for all of their investments has been 12%. Principal - The initial deposit one makes to the account. This excludes any compounded earnings added to the deposit. Principal Withdrawal - Many programs do not allow to withdrawal principle. It damages the liquidity but assures the program owners that the money deposited to their system will remain there for long. R Refback (Referral cashback) - It is a referral fee paid back to you by your upline. Referral - The one you recruited to join the program or make an investment (your referral). Many companies usually pay for the referrals their users or members recruit a percent of referrals' earnings or a deposit. It is called a Referral Program. Referral percent - A percent of an amount that someone's referral deposits into the system or a percent of his earnings to the upline. Referral Program - Same as the Affiliate Program. Reputation Management - Online reputation management involves having a good clean online image where only positive pages appear while searching for a person, company, or brand’s name. Return on Investment (ROI) - A profit or loss from an investment. Advice: An individual's return on investment is easy to calculate. If you invested $20 and earned $30, you would have a 50% return on your investment. S Scam - A project that has stopped paying investors under any pretext. Spend (used as a noun) - a payment, deposit, transfer of funds. Sponsored listing - The listings can pay for being sponsored? And thus to be listed at the top of the current section. But it doesn't influence the listings rating, payout, or any other statistics. Neither it influences the listing being Normal, Trial, or Premium. So please, while choosing the HYIP site to invest in, pay greater attention to the money invested and earned statistics, site design, and such. T Total Deposit - The total amount of money on all the active deposits inside the program. Transaction - Any single funds movement into, out of, or within the system. Transactions History - The history of all your transactions. U Upline - The people who recruited you, plus the people who recruited them, and so on. Username - The unique system username one is registered within any program W Webmaster - the person in charge of making site changes, corrections, additions, and overall site maintenance. Whois info - the domain registration info that displays information such as domain owner name, phone number, address, etc. Withdraw, to withdraw - To withdraw money means to call them off the HYIP or any other program. Withdrawal - The transaction transfers funds from any account in the HYIP or any other investment program to any account outside the program. Withdrawn Total - The total amount one has ever withdrawn to date.
  5. Actually auctions websites fraud is still present today. Now the criminals are using cryptocurrency to change and wash the funds.
  6. In the following complete HYIP guide, you will learn what precisely an HYIP is, the PROs and CONs of HYIP investments, and what HYIP types exist. Besides that, I will show you the HYIP rules you should follow, how to do due diligence on HYIPs, how to invest and make profits and avoid HYIP scams. Plenty of work, so we should better start. 1. What is an HYIP, and How Does It Work? A high-yield investment program, in short, an HYIP, is an investment program without a financial license that promises to the investors high yields exceeding 100% per annum or even more to the investors. According to SEC's website, investor.gov, most of these programs are PONZI schemes that you should avoid. That's because they are using newer investors' money to pay back older investors and last from several days to several years. For your financial safety is better to treat these investments as money games with a high risk of losing your funds. 1.1 How do HYIPs work? The HYIP’s work principle is straightforward. You register in the system and open an account in the international electronic settlements system like Perfect Money, Bitcoin and invest some money into the project. The very next day, as soon as the invested capital starts bringing profit, the mentioned payments will go to your account. Summarizing the above, we have the following scheme: program leaders collect money from the private investors who do not have enough money to participate in off-line high yield income projects. Then, using their working schemes, they profitably invest it and then share the profits with the investors. HYIP is one of the most profitable forms of cooperation for investors. Thanks to accumulating the assets, the money that was earlier isolated from any severe economic processes makes profits. The developed schemes enable the HYIP participants to receive the maximally high incomes the private investors cannot reach in any other ways 1.2 KEY TAKEAWAYS Most of the high-yield investing programs (HYIPs) are fraud schemes that promise to provide extraordinary returns on investments exceeding 100%. Most HYIPs are Ponzi schemes that take money from investors to pay out returns to existing investors. Warning signs that an HYIP is a scam include guaranteed high returns, fictitious financial tools, extreme secrecy, and claims that investments offer an exclusive opportunity. 2. PROs and CONs of HYIP investments Now that you know exactly what an HYIP is, let's analyze the PROs and CONS of investing in HYIPs. Let's start with the PROs of investing in HYIPs HYIP Advantages HYIPs offer higher returns than most other investments; Don't require any paperwork and verifications; It is easy to invest and withdraw profits; You can make money by referring your peers; But with all these benefits come with some costs, so let's take into account the HYIP CONs as well: HYIP Disadvantages Most HYIPs are simply PONZI schemes; Most HYIPs turn into SCAMs you will lose your money; HYIPs are not regulated or hold any financial licenses; In some countries, HYIP investments are illegal; Most admins do not reveal their identity or use a fake one. As you could easily find out, there are many disadvantages of investing your money into HYIPs, as is a high chance you will lose most of the capital. Reading this article further means that you understood and you are comfortable with this possibility. 3. Different TYPES of HYIPs There are several ways you can use for the classification of HYIPs. The most common ones are by investment term and return rate. We have the following: 3.1 Short term HYIPS or money games These HYIPs offer unreal return rates of 5-10% daily or even more and are mostly money games that will run at their best for a couple of weeks but most of the time for way less. In the picture below, you will see the investment plans of such an HYIP. I do not recommend investing in short-term HYIPs primarily because of their short life span and because they are designed to get as much money as possible from the investors and then close the shop. However, if you still want to try them, then treat them as money games or playing roulette. 3.2 Medium-term HYIPs Medium-term HYIPs are programs that offer investors returns of anywhere between 1% to 5% daily. These programs have the chance to last anywhere from several months to a year or more. I recommend investing in these types of HYIP programs with caution because most of them are simply Ponzi schemes, and the HYIP admins do not make any investments but simply pay old members with funds from new members. 3.3 Long term HYIPs Any HYIP program that pays its members up to 1% daily has the chance to run for a couple of years if it's run correctly by the HYIP admin. Also, the admin can invest money in lucrative businesses like Forex, Cryptocurrencies, startup-us, and generate profits. For instance, such a long-term HYIP, SolidTradeBank, is paying its members already for eight years. You don't have to take my word; check the thread about this program here on TGF. Keep in mind that this doesn't mean that any program with low rates will run for years. Some close way sooner because admins can not generate profits, decide to SCAM, or simply of the lack of investors. According to the interest payment periods, all online HYIPs may be divided into every hour, every day, every week, monthly, or when the deposit expires. 4. The Live Cycle of an HYIP The standard living cycle for high-yield income projects includes four stages: the starting period, growth, saturation, and then the descent period. These are the details: 4.1 The starting period The starting period is simple the birth of the project. HYIP admins invest their own money in creating the project. First of all, money is needed for creating a well-functioning and attractive website and investment platform for content development, registration into paid HYIP monitors, and ordering ads in HYIP communities like TopGoldForum. All of this costs money, and the project is not yet profitable. In this period, you can not assess the reliability of the project. However, it may be possible to detect indirect indicators that the project might be a fraud. If the website uses a cheap and/or unlicensed HYIP script, it is hosted on a free hosting company, and the content is taken from another website. These are all clear signs that you may deal with a SCAM project, and you should avoid it. 4.2 The growth period This is the start of the project's operation. The investors try to attract more clients to receive referral payments. The project reaches the point where it is self-sufficient and begins to bring in real profits. This stage is crucial for the success of the project. It all depends on how many clients are attracted. The various strategic actions, such as additional money for everyone who registers, indicate that organizers support the program more. 4.3 The time of saturation. This is the best HYIP operating model. This period has seen steady growth in the investment flow, maximum profit, and clients receiving their interest regularly. 4.4 The descent period This is the most important stage in a program's development. This stage is marked by users losing interest in the program, new investments fall, and the program ceases development. False projects cease activity after the end of the descent period. They don't pay clients and vanish without a trace. Trustworthy HYIP administrators take steps to lift their projects from the stalemate. Analyzing the actions of HYIPs during the downturn period will help you determine the investment prospects for the project. 5. How to evaluate an HYIP Before you invest money in any project you got an interest in, you need to analyze every aspect of the program. 1. Amount of regular money payments. 2. Investment limits. 3. Specifics of the activity. 4. Trustworthiness to program organizers. 5. The Website. 7. Contract information. 8. Opinions on specialized forums and social media 9. Position in rating sites. 10. Independent research. Let us consider in detail every item. 5.1. The interest they are offering First of all, you need to evaluate the interest from the investment capital to be paid by the administrator’s projects. The main thing is not to get caught by promises. If the program promises you every day doubling of the invested sum, be sure, it is a fraud. The average amount of payments under serious HYIP makes up under 1% per day. There may be insignificant deviations. But 7-10% per day with almost no doubt indicates that the program is a Ponzi scheme and the money will be paid to the investor at the expense of new members. The statistics show that the most serious high-yield income projects guarantee monthly payments in the amount of 10-30%. Besides that, the numbers may vary depending on the specifics of the activity. Another aspect is the investment limits. 5.2. Investment limits. They are the limits for minimal and maximal amounts of investments. It may seem the minimal bottom and no maximum for investing demonstrate the program's openness and its desire to cooperate with the clients who have different financial abilities. However, as the practice shows, serious investment projects always determine the minimum and maximum investment. If there are no investment limits, you should think about if not the admin is willing to get as much money as possible as fast as possible and when a large amount is invested in closing the program and disappear. The statistics show that the most serious high yield income programs establish the minimal limit of $25 and strictly limit the maximum. For instance, a long-lasting program has a minimum investment amount of $25 and a max of $10K. Instead, a dogy program has a min amount of only $20 but a maximum investment cap of 5 million dollars. If you have experience with money management, you know that managing a couple of hundred thousand is totally different than managing several million. It's useless to say that I would stay away from the last HYIP. 5.3 The money-making activity Almost every HYIP says about what form of economic activity will create the profit—some of the most common: cryptocurrency trading, forex trading, business investments, money lending. The admins of serious programs, surely, are not eager to open all details of their activity. Many dishonest dealers in the world of online HYIP are always ready to bite from somebody else’s pie. However, there are general schemes for all serious programs. The Ponzi creators rarely develop complex schemes because they won’t use them anyway. 5.4. Trustworthiness to program organizers. Another aspect is the trust in project organizers. Most HYIP admins register companies, rent virtual offices, or post insurances for millions of dollars. Unfortunately, most of these are not true. Don't get me wrong, the companies those companies are registered and are active; however, these are registered with dodgy documents. Also, keep in mind that in most jurisdictions, to run an HYIP, you need a financial license, so a registered company without a financial license is almost useless. So stay away from HYIP programs that have registered companies behind but don't have financial licenses. Recently an HYIP project even hired a paid actor to act as the admin. Stick with HYIP admins who seem to know the industry, share details about their activities in HYIP forums or on telegram groups, and don't raise red flags. 5.5 Investment Website Another important aspect that matters a lot in the success of an HYIP program is the investment website. Analyze the content, the investment platform, the hosting company, and the overall look (design, creatives). Stay away from HYIPs that use not licensed or PIRATED HYIP scripts, copied content, and/or designs. All these show the administrators are not serious about the program and did not spend any money themselves. On the other hand, if the HYIP uses a custom script, has an app attached, and has good content in multiple languages, then the admins have long-term plans for the program. 5.6 Contact information Just as I've warned before is very common in the HYIP world for admins to hide or use fake information like fake or shelf companies or fake contact details. As a rule here, it's better if an admin does not disclose his location or company rather than using fake or shelf details. In the conditions of today’s business, it is rather reasonable and cannot be considered a direct sign of fraud. 5.7 Opinions on specialized forums and social media HYIP admins who communicate on forums, social media apps, live chat, and social media should receive trust points. Thanks to HYIP communities like Top Gold Forum, you can reveal serious weaknesses in the HYIP you got interested in and learn the opinions of the investors who have already participated in the program. HYIP forums are a rather good source of the newest and impartial information, and you should not disregard it. 5.8 HYIP Monitors and Blogs After analyzing information on HYIP monitoring sites like HYIPExplorer, Instant-Monitor.com you may learn whether the program pays interest at that moment and how long the program exists. However, this information is less valuable than the information from forums because there are no guarantees the project that successfully pays interests today will pay them tomorrow. Finally, there is a possibility to check the HYIP by independent organizations. 5.9 Payment systems Nowadays, most HYIPs use cryptocurrencies like Bitcoin, ETH, LTC as their main way of investing and withdrawing profits. Keep in mind that these payment systems are nonrefundable and anonymous. Besides that, most of the HYIPs also take payments by Perfect Money. If an HYIP program accepts payments via wire or bank transfer, these are good signs because they passed the KYC verification of a bank or a financial institution. 5.10 Any innovations From experience, I tell you that if an HYIP has a unique investment plan or special features, they have a chance to distinguish themselves from the community and succeed. Keep in mind that none of the abovementioned aspects can guarantee that the project is false or reliable. Only by studying them all can you make an adequate evaluation. 6. Ten Golden Rules of Investing in HYIPs There are several Golden rules every participant in high yield investment programs shall follow. Disregard these rules may lead to the fact that instead of the expected incomes, the investor loses all their savings and turns out to be in debt. The Golden rules are not just made up; they have been developed during years of participation in HYIP and are tested by the most effective trial and error method. Following the Golden rules, you get a possibility to minimize the risks, maximize your profit and avoid fraud to the extent possible. 1. Don't invest what you cannot afford to lose. This is the most important rule. There is a sense only to invest the extra money you usually spent on luxury items into high-yield income projects. Never risk the money you usually spent on first-priority goods. It is very unwise to invest money into HYIP that are to pay your housing bills. High Yield Income Projects are always risky, and it is dangerous to risk the money you need to support yourself. No matter how much research and "due diligence" you do on a program, some will disappear for any reason. Your money goes with them when they vanish. 2. Don't get greedy. Don't let greediness blind you. Even if the program pays you income for several months, this is no reason to mortgage your home or take credit at unbearable interest. No one can guarantee that the project will continue to function as it does today. If you spend recklessly, not only will you lose your earnings, but you could end up largely in debt. 3. As soon as possible, get your initial investment out of the program. The money you have invested is pure profit, so it won't hurt as much if it goes away. You can also use your original investment capital for new programs. It will be tempting to ignore this rule if a program is doing well. I'm sure. It has cost me a lot of money. You won't regret following this rule. 4. Always analyze in detail the project you are interested in. Only by studying all aspects of the project’s activity, checking all information, and analyzing additional information may you have a complete overview of the project and its estimated life span. Don't get fooled by video presentations, company registrations in various locations, or huge advertising budgets. HYIP owners are very creative nowadays and will use money from previous programs to launch attractive programs. If you miss the analysis stage and recklessly invest your money in the first project you got interested in, in the event it gets suddenly closed. You would blame only yourself. 5. Diversify your investment. It would be best if you aimed to invest between 5-10% in each program. This is not an easy goal, but it is the most secure. Finding enough long-lasting, stable, and paying programs to invest in is the toughest part. 6. Start by investing the minimum amount. Programs have a minimum investment requirement. Stick with it, and you will only be able to roll back your profits once your initial investment has been returned. 7. Do not believe the huge interest. As a rule, they show that the project is false or is a kind of pyramid. Remember, 30-50% of monthly income is an adequate percentage. If you are promised to be paid more than 200% of your investment, you can be sure it is fraud. Programs that promise incredible returns in a short time frame should be avoided. If a program promises more than 40-50% return on investment per month, it will likely be discontinued. 8. Try to enter an HYIP early The earlier you go in, the better your chances of making money. In this sphere, first come, first served. If you enter projects half a year later, you can lose out on the steepest HYIPs. But there is no need to cling to the starting date either - you have much more chance to earn in quality, checked HYIP-ancient than in the newbie that was started yesterday and is just getting on its feet. 9. Your password information must be kept secret The investor-beginner mistake is using the same password for multiple HYIPs.This gives the potential for criminals to gain access to your confidential information. Even worse is when the password you use in high-yield electronic payment systems and projects has the same password. They will always keep passwords that have been registered in users' projects. They then attempt to use them to access electronic purses. When creating your password, think about making it difficult to track. Use passwords Multiple words that contain symbols from different registers or numbers. 10. Learn from your experience and move on if (or should I say, when) you are scammed. Although not a bad option, you can notify the authorities if you feel it is necessary. However, I have never heard anyone succeed in this. It is important to determine if you violated any of the rules or exposed capital unnecessarily. These "rules" and tips may prove to be useful. These are the rules I follow and have seen a significant decrease when I lose money. My greatest losses in HYIP were actually when I started and didn't understand the rules. Now, I make a profit. 7. How to invest in HYIPs Now that you know what an HYIP is, how to make due diligence and the golden rules of HYIP, it's time to make your 1st investment. 7.1 Register and fund a payment method Before investing in any high yield investment program, you need to have the funds in a payment system like Perfect Money, Bitcoin, etc. As I've previously said, most of the HYIPs now use Perfect Money, and you can quickly get an account here. Besides PM, most of the HYIPs also accept cryptocurrencies like Bitcoin, Ethereum, LiteCoin, etc. I recommend you choose the payment methods that have the lower fees. I use Perfect Money and Litecoin for HYIP investments. If you need to transfer funds from one payment method to another, you should use a cryptocurrency service. Check our approved list of cryptocurrency exchanges. 7.2 Where to find HYIPs There are several places where you can find HYIPs, but HYIP forums and HYIP monitors are the most common ones. I recommend you to start with HYIP forums like our HYIP community because most of the new HYIPs are posted there in a matter of hours. I will tell you a little bit later why. Several HYIP monitors where you can scan for HYIPs: HYIP Explorer, Instant-Monitor.com, List4HYIP.com. When you scan for HYIPs, do the due diligence process I've shown you at step 5 of this HYIP complete guide. 7.3 How to register an account in an HYIP Now that you selected an HYIP and passed your verification process, it's time to register an account. Most of the projects have similar navigation and interface and do not require a lot of personal information from the new user. But there are exceptions, registration in which will take a lot of time. After you register and confirm your account, log in and make sure you set up all the security measures like 2FA, withdraw password, etc., to keep your account in good shape and avoid any hacking. 7.4 Make a deposit After you ensured your account is secure is time to make your first deposit and start earning money. The process of depositing funds is straightforward. Most HYIPs have calculators that will tell you exactly how much money you will receive. Before investing, double-check everything, including payment terms, deposit and withdrawal fees, After you enter the amount of investing and select the gateway, you will be redirected to the payment gateway to complete the payment. After that, you will be redirected back to the program, and you should be able to see your deposit in the program. 7.5 Withdraw profit You should ensure that you have set up your payment accounts in the program to withdraw your funds. Double-check that these are correct and active. As I've said, payments using Perfect Money or cryptocurrencies are irreversible. If you added a wrong account and the admin sent the funds, those are lost. There are several ways HYIPs will pay you. Some will allow automatic withdrawals, and you will receive the funds instantly after request, while others process those manually, and it may take a day or two until you receive the funds. If you have not received the payment in the given timeframe, you should contact the admin or check the HYIP forums. If the program is marked as SCAM, you lost your money, and you should move on. Also, if no one marked the program as SCAM and you have not received your payment, you should warn the community. 8. Conclusion Congratulations on making it to the end. Now you know what an HYIP is, where you can find good-paying HYIPs, how to spot real opportunities from SCAMS and how to invest and make money with HYIPs. Your time now. What's your experience with HYIPs? What do you think about your tutorial? Is there something we should add or explain better? Let us know in the comments form below.
  7. Since 2006 (15 years ago 🙂), TopGoldForum is one of the prime online destination for education and discussions regarding metals investing, Forex trading, cryptocurrencies, and online money making methods. We maintain high standards in trust, credibility and impartiality. That's why this year we started the TopGoldForum Awards to discover and reward the best financial companies. We take nomination for one month from Aug 23 till September 25. Feel free to nominate your own company or the company you are working for. From September 25 till October 1 we will select the first 10 nominees (based on the number of nominations) and organize the voting process for each category award. From October 2 till November 25 people will be able to VOTE for their favorite companies. On December 5 we will offer the awards to the winning companies. Also all the users that voted will participate in a raffle with prizes from the organizer (Top Gold Forum) and its sponsors.
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  15. Technical, Fundamental, Quantitative. There are several methods that forex traders use to predict the movements of currency pairs. Some traders focus on news, interest rates, and economic variables, while others prefer charting tools and indicators to guide their trading decisions. Regardless of your forex trading method, however, you need to know how to read a forex chart - there is no escaping it. Fortunately, we've created this detailed guide to get you started. You have to crawl before you can run. And forex charting is no different - you need to understand the basics before moving on to more advanced things. Let's get started. 1. What is Forex? Forex is short for ‘foreign exchange’ – the game of buying and selling various currencies in the foreign exchange market. In the global foreign exchange market, retailers, investors, speculators, and institutions determine the relative value for converting one currency to another via buying and selling currency pairs. It’s a dynamic, liquid marketplace with a daily turnover predicted to be more than 5.3 trillion dollars. The trade-in Forex occurs between two currencies because one currency is being bought and another is sold simultaneously. 2. How to Read a Currency Quote? Forex is the business of conversion, and since you are constantly comparing the value of one currency to another, forex is always quoted in pairs. For example, the quote of EUR/USD shows how many US dollars you will get for one Euro. The first currency is called the base; the second is called the quote. When you buy a currency pair, you buy the base currency and sell the quote currency. Simple. MAJORS are widely traded by beginners and professionals alike. This is because they have the most liquidity, lowest spreads, and the broadest range of movements. Unlike minor currencies, majors are generally more stable. The economic and political institutions of these nations are usually long-established and predictable compared to other countries. MAJORS pairs: EUR/USD, USD/CHF, GPB/USD, USD/JPY, EUR/JPY, USD/CAD THE CROSSES are any currency pair that doesn’t feature the USD, and they do not hold any less profit potential than the majors. Too much US Dollar exposure can lead to all your trades heading in the same direction, a big problem if that direction is against you. Popular Crosses pairs: GBP/JPY, EUR/GBP, CAD/JPY, AUD/CAD, EUR/AUD, NZD/JPY. THE "EXOTIC" currency pairs are less traded and so much more costly to buy or sell. Don’t let the cost put you off because many of the greatest traders of all time made their fortunes with exotics. For example, one of the five greatest forex traders, George Soros, gained $800 million in profit from selling Thai Baht (THB) in the 1997 Asian crisis. Popular Exotic pairs: USD/TRY, EUR/TRY, USD/ZAR, USD/MXN, USD/SGD, EUR/SEK 3. What is a Pip? The most famous piece of the terminology used by forex traders has got to be the humble ‘pip.’ A pip is simply a unit you count profit or loss in. Typically, forex pairs are quoted to four decimal places (0.0001). The ‘1’, four spaces after the 0, is referred to as a pip. The number '7' in red shows the decimal unit of a pip. If a trader buys GBP/USD for 1.6000 and then, later on, sells it for 1.6020, that's a difference of 0.0020 or 20 pips. The exception is Yen pairs ( i.e., USD/JPY), which are only quoted to two decimal places. In this case, the second spot after the 0 is referred to as a pip. Now that you're up to speed let's move on to what you really came for, how to read a forex chart. 4. What is a Forex Chart? A forex chart is simply a graphical depiction of the exchange rate between two currencies. It shows how the exchange rate of currency pairs has changed over time. For example, the chart above (Euro vs. U.S. Dollar) shows how the exchange rate between Euros and US dollars has fluctuated over time. Forex charts can be plotted for various currency pairs, from major pairs like EUR/USD and GBP/USD to minor pairs like AUD/CAD and NZD/JPY. 5. How do Forex Chart Timeframes work? The amount of time shown on the chart depends on the particular timeframe you select. By default, our forex charts are set to daily (1D) timeframes. This means that each point on the graph, whether it be a line, candle, or bar, represents the trading data for one day. If you changed the timeframe to a 60-minute chart, each point would now represent 60 minutes worth of trading data. Example below: With most free forex charting tools, you can choose to display timeframes from as low as 1 minute all the way up to one month. If you get more advanced charting software, you can view lower timeframes. 6. Types of Forex Charts Forex traders have developed several types of forex charts to help depict trading data. The three main chart types are line, bar, and candlesticks. For forex traders, candlestick charts seem to be the crowd favorite, and it’s easy to see why. 6.1 Line charts In forex, a line chart is the most basic and simplest price representation. Basically, it marks different price points of a particular asset on the chart and then connects the neighboring points with a solid line. Well, while line charts are straightforward to understand, they are actually too simple. That's because they only represent the closing prices of currency pairs. The line chart would not provide the necessary details for traders who want to get more complex information like opening or highest / lowest prices. 6.2 Bar charts Bar charts are more complex than the line FX chart types and offer even more prices than the previous ones. Basically, this bar shows four different currency pair prices in a certain period of time - either minutes, hours, days or higher. Here are these four prices: The top and bottom of the bar represent the high and low prices of the asset over the period. A short vertical line on the left shows the opening price, and the same one on the right shows the closing price. Bar charts are far more complex than line charts for obvious reasons: while the line chart represents one price, the bar chart does that for four different prices. But when it comes to the most complex chart type, even the bars aren’t enough. 6.3 Candlestick - Most popular forex chart Candlestick charts basically combine the two previous types. A candlestick chart is the most popular method for visualizing Forex price movements in a given period of time. Compared to a line chart, which shows the price close to close, candlestick charts show four times the amount of information, displaying the close, open, low, and high price of a given period. With these additional details, you can examine "how" the price has moved over a period of time, compared to see where the price was closed. The red and green parts of a candle are called the "body." The body of a candle represents the difference between the opening and closing price of the currency for a certain period of time. If the candle's opening price is lower than the closing price, the candlestick color is green. If the opposite happens and the opening price is higher than the closing price, the candlestick color is red. The black lines above and below the candles are called ‘wicks’ or ‘shadows.’ Wicks represent the highest and lowest prices reached during the given time period. 7. An Overview of Forex Indicators Currency charts help traders evaluate market behavior and help them determine where the currency will be in the future. To help make sense of the currency movements depicted on a chart, traders have developed several different visual guides to assist them – indicators. There are hundreds of trading indicators developed to cover every aspect of forex trading, from trend following to mean reversion. Below we cover some of the most popular indicators used by currency traders. 7.1 Bollinger Bands Bollinger Bands are volatility bands placed x standard deviations around a moving average. Developed by John Bollinger, the bands widen in periods of increased volatility and narrow when volatility decreases. Traditionally, the bands are used to highlight potential oversold and overbought areas. For example, if a price move breaks the upper band, then the price can be expected to return to its mean, or in this case, the mean moving average. Calculation: Middle Moving Average = 20-period simple moving average (20 SMA). Upper Band = 20 SMA plus the 20-period standard deviation multiplied by 2. Lower Band = 20 SMA minus the 20-period standard deviation multiplied by 2. 7.2 Relative Strength Index (RSI) Developed by J. Welles Wilde,r the Relative Strength Index (RSI) is a momentum oscillator that measures price movements' direction and velocity. The indicator compares upward price movements in the closing price to downward movements in the closing price over specific time periods. The default period, suggested by Wilder, is 14 periods. Calculation: RSI = 100 – 100 / (1 + RS) Where RS equals Average Gain divided by Average Loss Average Gain = [(Sum of gains over previous 14 periods / 14) * 13 + current gain] / 14 Average Loss = [(Sum of losses over previous 14 periods / 14) * 13 + current loss] / 14 7.3 Simple Moving Average Line SMA or simple moving average is the most common indicator plotted on forex charts. Moving averages are used to help smooth price fluctuations over a certain period, giving the trader a clearer picture of the direction of the price movement. Calculation: SMA = Sum of the closing prices/number of periods. 8. Top 3 Forex Trading Strategies 8.1 Support & Resistance Preferable timeframe: 1h This strategy follows the old business cliché, “buy low and sell high.” Forex traders quantify how low a price’s low and how high it is by analyzing areas where prices have stopped and changed direction. The support refers to the level where the price rarely falls below before turning around, and the number of buyers exceeds that of sellers hence causing the price to rise. On the other hand, the resistance is the level where price rarely exceeds, and the number of sellers exceeds that of buys hence lowering the price. In both cases, the price stops and turns around. Check our article on how to trade using support and resistance zones. 8.2 Pinocchio Strategy Preferable timeframe: 1h, four h A Pinocchio bar is a candlestick bar with a tiny body and a very long wick (nose). It is also called Shooting Star, Hanging Man, and Gammer. You may remember that Pinnochio's nose grew long when he was lying. The same happens with this strategy: when the wick is longer than the body, this tells us that the market is deceiving us and that we should trade the opposite way. The entry point varies: some traders prefer to wait for the next candle to retrace to the 50% Fibonacci level of the Pin bar, while others enter immediately after the Pin bar closes. A long wich indicated strong selling pressure; a long tail suggests intense buying power. 8.3 The Double Red Strategy Preferable timeframe: 5min The double-red strategy is a short-term reversal system based on price action and resistance. The trade is planned on a 5-minute chart and signaled when two bearish candles follow a resistance test. How to profit? Choose an asset and watch the market until you see the first red bar. Then wait for a second red bar. If the second red bar closes lower than the first red bar, then it's a jackpot. Usually, what happens is that the third bar will go even lower than the second bar. This is the point where you should open a short position. 9. Choose a Forex Broker to start trading Now that you know the forex market, how to read the charts, and are armed with three forex trading strategies, it's time to start trading. For this, you need to signup with a forex broker. Many forex brokers have different specs, and I will cover this topic in a separate guide. Check this article to learn how to choose a forex broker that will meet your expectations. In a nutshell, you should make sure the forex broker you chose it's regulated, offers you a demo account to start with, has small fees, and provides good support. For now, I will show you several forex brokers that are beginner-friendly so you can start trading. XM Trading Point: Best No Deposit Bonus XTB (UK): Best for UK Traders Markets.com: Best for CFD Traders Pepperstone: Best Execution AvaTrade: Best for Beginners FXCM: Best for US Traders iTrader: Best Free Resources After you signup with your preferred forex broker, make sure to give trading a trial run before committing any serious time or dollars. Practice making trades without saying goodbye to your hard-earned money. Not yet convinced to start with a demo account? Check here our article on the PROs and CONs of forex demo accounts. Conclusion Congratulations on reaching the end of our guide. Now you know what the forex market is, what a currency pair is, the most important pairs, and most importantly, how to read a trading chart and three strategies you can use in your trading schedule to benefit from the FOREX market. What about you? For how long time are you trading the Forex market? What tips can you offer to newbies? Or do you have questions? Let me know in the comments form below, and I will swiftly answer them.

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