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How to recognize a Forex Scammer ?
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AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Jan 04 at 14:16
fxatsystem posted:
Anywhere profit is proportional of risk, this is a non transgressible natural low, many profit mean many risk allways !!

More over if you do good profit with a system you dont need to sell it or you dont need nobody to invest.
sellers of system make profit selling, not trading


Indeed; this is why social media is full of so called Holy Grail trading systems. Lolz!

Pupsik

Member Since Jan 26, 2015  10 posts Arya (Pupsik) Jan 09 at 09:38
Unrealistic promises + they sell you something that can make money for you (either tools or knowledge)

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected" - George Soros
5astelija

Member Since Oct 15, 2014  46 posts 5astelija Jan 09 at 11:15
Anyone selling their 'expertise' instead of just using that knowledge for their own trading is a scammer.

NenadX

Member Since May 01, 2019  4 posts NenadX Jan 09 at 14:18 (edited Jan 09 at 14:18 )
5astelija posted:
Anyone selling their 'expertise' instead of just using that knowledge for their own trading is a scammer.

I cannot agree with that. If you can earn
1. 10-20-30 K per month by trading
2. Have a chance to get a training course over the weekend for the same money as in point 1.

Will you use just one of the options? If yes, which one?

Buy Low, Sell High
5astelija

Member Since Oct 15, 2014  46 posts 5astelija Jan 09 at 20:13
NenadX posted:
I cannot agree with that


Ok, yes, maybe if you are in a very early stage of your trading career BUT you are already a master trader, then it is logical to train others for a fixed fee.

But when you trade longer, you will eventually accumulate a capital that earns you $500k a month. At that point, you can't give a about $30k training courses, giving away your competitiveness for practically free.

So yes I should have added 'most probably' a scammer, but in any case we are talking 99.99% probability...

jamesgwyther

Member Since Aug 05, 2017  276 posts jamesgwyther Jan 10 at 15:27
5astelija posted:
NenadX posted:
I cannot agree with that


Ok, yes, maybe if you are in a very early stage of your trading career BUT you are already a master trader, then it is logical to train others for a fixed fee.

But when you trade longer, you will eventually accumulate a capital that earns you $500k a month. At that point, you can't give a about $30k training courses, giving away your competitiveness for practically free.

So yes I should have added 'most probably' a scammer, but in any case we are talking 99.99% probability...


Yes if you are an aamazing trader you just trade..

Andromardred

Member Since Dec 28, 2019  2 posts Andromardred 7 Hours ago
Who do you mean by a scammer here please clearly? Some broker or some person who simply haven't done any job yet on so many things? Care to share a bit more here? Usually you need to check out withdraw process as the first thing here.

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