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After calling out his friend for turning $10k into $36k in two weeks. I got a DM from this “professional”. Then I checked the mega thread and saw Forex is usually an MLM. I didn't say anything about anyone's mom.
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First time I hear of this MLM called iMarketsLive or IML or IM Academy (their branding seems to be all over the place). They claim to teach people how to trade Forex – a completely legitimate form of investing – but a quick Google search exposes a lot about them real quick.
My friend from highschool is in what I'm pretty sure is an MLM (it's called forex) and is calling to tell me about it later today. What should I know going into this?
The group is well known enough where you can Google forex MLM and see a fair number of results. On his Snapchat story, he's constantly pushing recruitment for the group, telling people "it's as easy as this to make money!" It checks all the MLM boxes.
That being said, I don't want to ignore his call unless I absolutely have to for safety. What should I know going into the call to protect myself?
Unathi Kwaza RT from Marco: @Unathi_Kwaza Same banks have done it 20 times over again but more sophisticated. It’s banking and called making a profit on forex conversion. Just because the ANC lost money does not mean the system is corrupt. It means it costs money to convert ZAR into US dollars!
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TSLA short straddle $6.6k gains this week. $42k over 4 months.
I sold a mixture of TSLA puts, strangles, and straddles over the past four months to take advantage of the high IV. Last week, I sold 9/25 430 , 450, and 470 short straddles as the premium was just too hard to resist. The market was basically pricing in a 20% move before battery day. Holding and selling the day before battery day made the most sense to me and it paid off. https://imgur.com/gallery/K9sBtE0
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