davide470:
Maybe you need to read my comment again.. or let me just summarize it for you:

You asked what is illegal about FX-Trading, remember?.. Nothing. It is the way it is portrayed on Nairaland that is illegal.

If HYIP's et FX-Trading adverts becomes 'not-acceptable' on Nairaland, it only takes a bot about some milliseconds to mark as SPAM keywords classified under the said matter, thereby clearing the Investment section and leaving our NSEMPA alone


Ok, bye bye..

Seun:
Dear Nairalanders,

We are thinking of completely banning the promotion of forex trading and sports betting on Nairaland.

Forex day-trading and sports betting are fundamentally fraudulent because they're promoted as a quick way of making money whereas due to mathematical facts, the only people who make money are the middlemen and marketers. The "investors" almost always lose their money.

In our experience, it's not enough to warn Nairaland members about the dangers of forex day-trading and sports betting. The promise of quick profit is just too strong for thousands of vulnerable Nairaland members to resist. The only way to protect them is complete censorship.

We believe that the complete ban of such content will make Nairaland a better platform for discussing legitimate entrepreneurship and finance.

What do you think? Please click 'like' if you like the idea; thanks.

2sexycom:
[s]why do you try so hard to engage in discuss that you are not knowledgeable on, just because you want appear intelligent and thereby make you seem stupod in the eyes of intelligent folks cos it's very obvious you talk out of points.

You were never cut out for this from the beginning but more of romance/dating section.

I understand you are striving to change your past personality and I must accord you some kudos. However, in order to achieve your quest of intellectual supremacy, you have to read a lot of stuff.

For instance your suggestions stating that members should PAY seun for using his site is the most weird POV I have read in 2016. Even seun knows that he dares not impose such, otherwise there will be mass exodus of members out of here. Seun gains more from various members reservoir of ideas and knowledge without paying either of us a Kobo for creating threads that even help him rank on google.

If you were really intelligent as you are trying to prove, you would have suggest more productive means of monetizing nairaland to generate money, for instance sponsored post on front page to promote businesses.

I admire intelligent ladies with deep knowledge to discuss any topic. Keep trying... you will get there BUT spend more time reading than talking. It helps.[/s]

syntekelite:
when nairaland bans,sportsbet,forex,networking,mlm...what remains here is xrated materials,ceo pls change ur name to wasteland..
so peeps henceforth here is all you will be seeing on nl now...

guy kiss girl and this happened..
interview at somolu farm,
job interview at chevron,
guy rapes girl,
guys rape man,
tbillz remarries,
ybnl split,
linda ikeji bleaches,
tonto dike reveals cleavage......and so on and so forth

2sexycom:
Davo, sup bro. It's been a while.

If you classify Forex as illegal, what will you call that business that the abookis do? What will you call what banks do? Come on, you are more smarter than this.

LeJeun3:




Guys stop pretending you don't know how it all ends. Because you benefit from it means its okay, that's the problem in Nigeria.


Nairaland is neither a bank nor an aboki joint.

DimFemmy:


baslone, baba agbalagba...irunmole tonje fried rice..awon tie lon ki e lati mushin.

2sexycom:
Davo, sup bro. It's been a while.

If you classify Forex as illegal, what will you call that business that the abookis do? What will you call what banks do? Come on, you are more smarter than this.

davide470:
Hey bro, Yeah, hope you are great

I am not saying FX-Trading is illegal, it is just the way it is being protrayed or advertsied on Nairaland like a Get-Rich-No-Loss Scheme.

ireneony:
done!

For someone whose moniker is 2sexycom, telling me what section best suite me... What an irony.

Mr man first of all I'm a nairalander and I will choose to comment on any thread, your rant won't stop me!

This thead has been peaceful from the beginning with no one throwing jabs at each other.... and Then comes Mr.i too like sex, throwing jabs at a lady to make a point.

What I wrote has been dealt with already.

Guy this is not a gay site, male and female are welcome to contribute their own quarter to every post.

Lastly, beg Mr. seun to change your moniker cos your moniker sound so unintelligent and it only belongs to romance/sexuality/dating and zone, don't you think that's a stigma to start with?.

I don't have your time. Right now, I only have time for my early morning exercise (skipping)

According to the Italians...ciao! If you even merit it!

2sexycom:
Who told you nairaland is what people use to trade forex? Nairaland only an avenue where information is shared. Then the sextuality section should be banned. The romance section should be banned. The business section should be shut down... because people are still looking for their 400million which nairaland was used to scam innocent folks, they even moved the thread that caused this to the front page.

Is it your money they are using to trade or what alternatives do you have for them? Abeg go siddon jor. Just because you failed at something does not mean it is scam.. it simply means you don't know what you are doing.
I used the bank and abooki as analogy to drive home my point because its not so different from what is obtainable by those who use trading platforms.

If Seun is in doubt, they have thrown in a challenge for him... but did he take it? There are people who are willing to take up the challenge and proof forex is not scam but the ignorance of people is what is causing problem.

Forex is exchange of currencies... what does the abooki do? they sell naira to you and buy your dollar. Dude go siddon abeg.

banmee:


Spoken like a true black man. Just because you think it is fraudulent, does not mean it is. Something that is engaged in legally all over the world is illegal in the minds of the average black man. Ok. Carry on.

Oh, by the way, you might wanna consider banning those blog links and misleading thread titles while you are at it.

frisky2good:
Noone is saying it's forex trading and sports betting is illegal. It's those making it look like a get rich quick scheme thag are giving it a bad name. I dare anyone here to post a game (single or accumulator) that will give a 10 to 1 reward. Noone will do that but they keep offering to sell games that will make you rich in 90 minutes.

LeJeun3:




Dude, na you need to siddon. I didn't fail at anything.

If its so legal, why are you guys fighting so desperately for it?? Aboki dey do advert?? Explain it to another person o.

Seun:
We are specifically against the retail forex, which is "the small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies" because it "has been promoted by some as an easy way to make profits and has thus been the focus for a number of foreign exchange frauds", according to wikipedia.

Seun:
We are specifically against retail forex, which is "the small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies" because it "has been promoted by some as an easy way to make profits and has thus been the focus for a number of foreign exchange frauds", according to wikipedia.

2sexycom:
Bro, it's same with everything in this country. We will always have them around as long as money is involved.

It's man eat man out there. I know a guy who is into importation that buy a fake product for $1 from China and he sells them for 9500 naira.

Information marketers are not left out. They feed your mind with what you wanna see with bogus claims of how you make money online blah blah...

There is another one here on nairaland who claim to teach importation BUT I know he hasn't recorded much success like some of the top dogs of that niche.

It's everywhere bro... we will ALWAYS have those that will keep scream: "Get Rich Quick, Or Die Trying" but you know the funniest thing about the people that do this? They aren't the pro. In fact the pro hardly have time for such.

I have taught domain selling ( website URL selling), I know it like the back of my hand with thousands of dollars made from it and prove to show for it. BUT since 2013 I have never created a single thread asking people to buy my ebook. However, a guy who even contacted me to ask a few questions has created thread on same subject gathering people and claiming he knows a lot.


But does it mean there aren't people making it with this thing? Certainly there are. I remember when I was serving and they hadn't paid us allowee and I had NOTHING on me. While talking to manweysabi (that's his nairaland handle) and I just told him bro, this is my condition o. We haven't been paid. He told me to send my account number and he dropped 5k for me out his forex trading proceeds and he learnt everything from nairaland. Imagine if there was no place to learn it in the first place, could he have helped me? Do you see why the forex threads is good?


All those asking the clamp down have no idea what forex is all about, many of them are those that have tried it with GREED, got their fingers burnt and turned around to claim it's fraud.

Bro, things like this is no different from going to the University. Yes, it takes years to master. rozayx5 is another trader whom I am very close to. He TOLD me it took him 3 good years before he could start seeing positive results in his trading. But others will who just started wants to start making money INSTANTLY.

Forex isn't for someone who lacks patient or is emotionally unstable because under such state, you can't think clearly. There are parameters used to determine price direction.

People should just stick to what works for them.

In the words of Robert Kiyosaki: "Never Invest in what You Don't Understand" I use that rule every time and it helps me a lot.

Another word is: "what you learn is what you earn" If you learn something wrongly and you apply it wrongly, you will always have a wrongful result. It's that simple.

banmee:


Dude, be honest. You are not getting enough AD revenues from the thread. I can almost bet that if you were raking in tons of dough on AD sales from the thread we would not be having this conversation. Just put up a disclaimer on FTA and be done with it. You are not a police officer nor a lawyer. You are neither liable because it is not against the law to trade forex, so i wonder why the concern.

Timbuktu14:
He was offered millions of cash to promote sports betting, he rejected it. He knows pretty well what he was doing.

The only problem i have with the whole banning thing is the reason. Just not plausible to say sports betting is illegal and fraudulent.