- Are there any scams in the financial market?
Yes, scams exist in every market, including traditional ones. This happens because scammers see opportunities to make illegal money by exploiting market demand.
- What scamming cases are common in this market?
Case 1: Following a signal provider’s instructions to open large positions with a small account, resulting in quick losses.
Case 2: Leading investors to invest in assets that are not available or do not exist in the market.
Case 3: Convincing people to deposit funds with a broker or financial institution that lacks a financial services license.
Case 4: Forging company’s financial documents and records to deceive investors.
- How to avoid scam in this market?
Suggestion 1: Verify the financial service license of the broker or financial institution.
Suggestion 2: Verify the educational background of the signal provider.
Suggestion 3: Verify which company provides the asset and confirm its legal business activities.
Suggestion 4: Contact to The Eternal Sovereign to support further
- What knowledge is needed to speculate (trade) or invest in the financial market?
Once you have a foundation, the knowledge you need to focus on is fundamental and technical analysis to trade or invest effectively.
- Fundamental knowledge helps you forecast the market’s future direction and protect your funds effectively.
- Technical knowledge helps you execute positions more precisely.
For a complete understanding, please refer to the Knowledge section.
- Does having knowledge mean I can speculate (trade) or invest effectively?
No, having knowledge without practice makes it difficult to speculate and invest effectively. You will need a team or advisor to help you make informed decisions through market analysis and practical education.
Therefore, you can see that from small to large financial institutions, they always have teams or advisors to support decision-making.
- What are the benefits of news and analysis (opinions and analysis) in the financial market?
- Stay Informed: Keeps you updated on market events, trends, and economic changes.
- Better Decision-Making: Helps you understand market sentiment and potential impacts on assets.
- Identify Opportunities: Spot emerging trends or risks early through expert insights.
- Diversify Perspectives: Gain different viewpoints to avoid biased decisions.
- Improve Timing: News and analysis can guide when to enter or exit positions.
- If I have many other questions, requests, or issues that need to be addressed, what should I do?
You can contact us anytime to resolve your issues. Our advice and consulting services are free of charge. Please don’t hesitate to reach out.
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