How do people like this earn money? Make money for other people?

Iā€™m interested to know? Is it just network marketing?

Thatā€™s a fake dialogue. Whilst you can theoretically make money on forex betting, in most cases you will lose everything you have put in so ideally never get involved in such things

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They make their money by getting people to sign up and learn their ā€œsecretsā€. Itā€™s all bullshit and youā€™d just end up with no money.

EDIT: What @Vlad said.

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Sneaky! Cheers :+1::raised_hands:

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Basically what everyone else said.

Itā€™s affiliate marketing, they get healthy commissions from CFD/Spread Betting operators.

Avoid, canā€™t stress it enough!

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@neovo, binary options, which is what I think the message was referring to, is not FX trading. Itā€™s effectively gambling and is incredibly destructive. They use terms like binary options to provide a sense of credibility and legitimacy, but unfortunately itā€™s smoke and mirrors to disguise what is essentially a betting product.

What @vlad and @saf said is 100% correct, and if youā€™re playing with CFDs in particular, your losses can quickly exceed your initial capital outlay. i.e you can end up owing a lot more than your original punt. Thatā€™s not to say CFDs (contracts for difference) donā€™t have a function, but they are complex financial instruments, technically not aimed at retail investors, unless considered ā€˜sophisticatedā€™. Markets move quickly, and you could be nursing large, possibly ruinious losses.

Itā€™s late now but I will try to dig out and post a couple of articles that you might find interesting on the subject. Edit: [links now added]

FCA CFD Review

FCA Binary Options

Fake it till you make it: meet the wolves of Instagram - Guardian Long Reads

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This combined with ā€œRevenue Shareā€ model of some affiliate schemes tells you all you need to know about whoā€™s really winning.

For most investors, CFDs are one of the worst forms of gambling because you can lose multiples of what you have, retail investors shouldnā€™t be exposed to them but here we are. It gets even worse when you consider mind frames like chasing your losses or feeling winning is guaranteed.

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Well, you can get a free lunch by joining the team for our community lunches. DM @Freetrade_Team if keen. Just sayin!

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If you want a idea of how lucrative CFDā€™s are look at CMC Markets final results for the year ending March 2018. Especially notice Revenue per active client was Ā£2,964 and this is defined as ā€œRevenue per active client represents total trading revenue from CFD and spread bet active clients after deducting partner commissions and leviesā€

Also consider that the FCA said this year: ā€œaround 76 per cent of users lose money on themā€

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