thirdbrainsa
(thirdbrainsa)
会員
43 件の投稿
Jul 30 2018 at 09:24
How to detect a forex scammer ?
How do you detect them ?
For me, and i start :
#1 - Only backtest on historical data => we don't care at all
#2 - 'A line' as balance curve means that no loosing trades are closed...
What else ?
How do you detect them ?
For me, and i start :
#1 - Only backtest on historical data => we don't care at all
#2 - 'A line' as balance curve means that no loosing trades are closed...
What else ?
Clever and Smart Trading
Professional4X
会員
1189 件の投稿
Jul 30 2018 at 22:12
They often show unrealistic gains with very little Draw Down.
For example:

Here's the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/arbitragefastscalper/1479797,1
Another example would be as follows:

And also...

And here is the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/goodmoney/1579642,4
Quite often a scammer will try to pass off a DEMO account as a LIVE account, but they will not be able to validate the account.
When pressed for the reason as to why they are unable to verify the account, they will typically use an excuse such as 'Oh I contacted myfxbook because there is a problem with their website....'
For example:

Here's the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/arbitragefastscalper/1479797,1
Another example would be as follows:

And also...

And here is the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/goodmoney/1579642,4
Quite often a scammer will try to pass off a DEMO account as a LIVE account, but they will not be able to validate the account.
When pressed for the reason as to why they are unable to verify the account, they will typically use an excuse such as 'Oh I contacted myfxbook because there is a problem with their website....'
If it looks too good to be true, it's probably a scam! Let the buyer beware.
thirdbrainsa
(thirdbrainsa)
会員
43 件の投稿
Jul 31 2018 at 08:39
Hi,
Professional4X, thanks a lot for the advice(s) ! I will try also to see and check some of the profit.
I was posting the posts after seeings and ads for forex-ea on facebook which is posting this stuff :an history of backtrack with a strict and beautifull line ....
And after directly the backtrack history summary.
It's even worse, they even did not put it in a demo account...
For MyFxBook, yes, i think there is a great lack of 'label' where a community is validating the true and correctness of stats shown...
Ps : how do i incorpore image here ?
Professional4X, thanks a lot for the advice(s) ! I will try also to see and check some of the profit.
I was posting the posts after seeings and ads for forex-ea on facebook which is posting this stuff :an history of backtrack with a strict and beautifull line ....
And after directly the backtrack history summary.
It's even worse, they even did not put it in a demo account...
For MyFxBook, yes, i think there is a great lack of 'label' where a community is validating the true and correctness of stats shown...
Ps : how do i incorpore image here ?
Clever and Smart Trading
Adribaasmet
会員
918 件の投稿
Jul 31 2018 at 12:52
Professional4X posted:
They often show unrealistic gains with very little Draw Down.
For example:
Here's the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/arbitragefastscalper/1479797,1
Another example would be as follows:
And also...
And here is the link to the discussion on the above example.
https://www.myfxbook.com/community/trading-systems/goodmoney/1579642,4
Quite often a scammer will try to pass off a DEMO account as a LIVE account, but they will not be able to validate the account.
When pressed for the reason as to why they are unable to verify the account, they will typically use an excuse such as 'Oh I contacted myfxbook because there is a problem with their website....'
Very smart replay! I completely agree with your opinion. Really, they show such an unrealistic result only for few weeks.
Professional4X
会員
1189 件の投稿
Aug 01 2018 at 02:47
thirdbrainsa posted:
Ps : how do i incorpore image here ?
To upload an image and have it included in your posts use the following steps.
Click the paper clip icon, and then click the browse button to select the image you want to attach.
One you select the image and it uploads, click the 'insert' link.
That will insert the image into your post at the location of your cursor in the message.

That's the way I include the images in a message.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
thirdbrainsa
(thirdbrainsa)
会員
43 件の投稿
Aug 01 2018 at 09:50
Professional4X posted:thirdbrainsa posted:
Ps : how do i incorpore image here ?
To upload an image and have it included in your posts use the following steps.
Click the paper clip icon, and then click the browse button to select the image you want to attach.
One you select the image and it uploads, click the 'insert' link.
That will insert the image into your post at the location of your cursor in the message.
That's the way I include the images in a message.
Thanks a lot for your help. Will be usefull for the next(s) post(s) coming.
Clever and Smart Trading
balticrain
会員
11 件の投稿
Aug 02 2018 at 06:09
1- win rate over 70%
2- very low or no draw down periods
3- tiny take profit
4 - huge / no stop loss
5- claims that they will make you rich
6- any picture of a fast car
2- very low or no draw down periods
3- tiny take profit
4 - huge / no stop loss
5- claims that they will make you rich
6- any picture of a fast car
balticrain posted:
1- win rate over 70%
2- very low or no draw down periods
3- tiny take profit
4 - huge / no stop loss
5- claims that they will make you rich
6- any picture of a fast car
@balticrain: exactly! And I would add:
7. Huge bonuses and rewarding programs and aggressive sales approach. :)
Accept the loss as experience
Professional4X
会員
1189 件の投稿
Aug 05 2018 at 21:09
Another thing to watch for is 'people' asking how to buy their products right away.
For example, a new system gets posted and almost immediately you will see posts like 'Oh wow! How can I buy this...'
Example:

Another thing to watch out for is scammers with accounts that never lose.
Example:

For example, a new system gets posted and almost immediately you will see posts like 'Oh wow! How can I buy this...'
Example:

Another thing to watch out for is scammers with accounts that never lose.
Example:

If it looks too good to be true, it's probably a scam! Let the buyer beware.