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After this whole Nova-Lights fiasco, our eyes have been opened to what kind of returns are actually possible, and which are not. Is 1.43% a day actually possible to be made in the forex market over a long period of time? Our answer to this is no.
If you run a quick search on google for forex traders, and returns, you would see that the top traders usually earn between 5-20% per month. They also have months in which there are losses. At a rate of 1.43% compounded per month which Nova-lights paid, a trader would need returns of atleast 153% per month.
Sure I guess its possible to have a great month, but to think that traders could constantly show these gains month after month for nearly 2 years, is just insane. Even the top traders in the world would not be able to put up such earnings, and if they were, why the heck would they be trading with other peoples money? It is clear to us that William of Nova-lights had been telling lies to us investors for years.
Now you may ask, "what kind of returns should I be looking for?" It's really tough to say. Anything offering over 1% a day is without a doubt either engaging in some other type of investing that is extremely risky, a partial ponzi that will fail once new deposits slow, or an outright scam. We will have further articles about the whole Nova-Lights situation along with information on what made them so believable to investors in our upcoming weekly newsletters. For now, stay safe, and don't invest anything you can't afford to lose. Its a gamble.
Now you may ask, "what kind of returns should I be looking for?" It's really tough to say. Anything offering over 1% a day is without a doubt either engaging in some other type of investing that is extremely risky, a partial ponzi that will fail once new deposits slow, or an outright scam. We will have further articles about the whole Nova-Lights situation along with information on what made them so believable to investors in our upcoming weekly newsletters. For now, stay safe, and don't invest anything you can't afford to lose. Its a gamble.
Source: TalkGold.com
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