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How to recognize a Forex Scammer ?
Miembro desde Jul 01, 2020
posts 25
Oct 19, 2020 at 10:59
Through tall claims, like guaranteed profits.
Miembro desde Jul 23, 2020
posts 696
Oct 25, 2020 at 11:29
Ezereombre posted:
Through tall claims, like guaranteed profits.
You are right. Most of the investment scam come with guaranteed profit. There is no guaranteed profit in any investment. So, don’t be fool by this kind advertisement.
Miembro desde Mar 17, 2021
posts 494
Oct 18, 2021 at 12:02
CryptoLife786 posted:
1- Un regulated brokers.
2- Brokers offering Fund management services most of them are scams and their gains are not to be trusted as they can manipulate results.
3- Either their trading priviliges or track record aint verified.
4- Duration : usually with smart martingale the accounts can last 6-7 months or even an year producing 10-30% profit per month, those systems are not to be trusted.
5-FXBOOK UPDATE : there accounts are never updated, or set at high time periods, so that if they blow their accounts they just stop the updates, a real trader uses Fxbook e.a to update it every minute or 5 minute.
6- Negative Pips = meaning the trader is using very dangerous martingale or cost averaging strategies.
7- Hidden history or lots.
Very informative post. thank you.
Miembro desde Nov 06, 2019
posts 45
Oct 19, 2021 at 10:03
I just presume everyone on the internet is trying to scam me. I especially wouldn't chat to anyone on Instagram about trading :P
Winning...
Miembro desde Apr 09, 2019
posts 516
Oct 19, 2021 at 10:12
Inability to show you live trades and analysis or at the very least show a set up ahead of time with a genuine time and date stamp which then plays out. Whether it be winning or losing. If they can't do that or aren't willing to show you then move on.
If you can't spot the liquidity then you are the liquidity.
Oct 19, 2021 at 18:52
Usually I pay attention to the information about the broker. The first thing I notice is the history of operation. I don't trust those brokers who started their activity several months ago because there is no guarantee that it will not disappear taking my money with it. The next thing is self-positioning. I don't trust those brokers who promise high profits right away. If I have some doubts about the prices which a broker provides me with, I go to the alternative unbiased financial data providers and compare their prices.
Miembro desde Aug 13, 2021
posts 39
Oct 20, 2021 at 08:02
Miralas posted:
Usually I pay attention to the information about the broker. The first thing I notice is the history of operation. I don't trust those brokers who started their activity several months ago because there is no guarantee that it will not disappear taking my money with it. The next thing is self-positioning. I don't trust those brokers who promise high profits right away. If I have some doubts about the prices which a broker provides me with, I go to the alternative unbiased financial data providers and compare their prices.
Old way but efficient... Regulated license and long history.
Oct 30, 2021 at 17:19
You need to keep your wits about you nowadays. It's sad how many scammers are out there. I always work on the basis that if it sounds too good to be true then it probably is. There's no easy money in trading. I use forums to read reviews on brokers or account managers before I will ever part with my hard earned cash.
Miembro desde Feb 20, 2021
posts 51
Nov 02, 2021 at 04:20
Traders have so many scam experiences, it's hard to believe that we are living in a technologically advanced world and can’t use the internet without a fear of scam.
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