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Topic Review (Newest First)

  • 06-10-2019, 10:22 AM
    knightmare3000

    Re: Forex Scams, forget it

    most so called training methods and online schools are SCAMS . they use data after the fact to bolster their claims
    forex training is nit for the amateur. it really takes a MS degree in Options from an outfit like Illinois Institute of technology in Carbondale, IL to succeed in it after the MS degree it is usually about 5 years before you can trade on your own so unless you want to get the MS degree plus 5 years work at a reputable bank then forget it . it is a scam it makes money for 4he ones that sell the program it is a RIPOFF
  • 06-10-2019, 06:06 AM
    juanjoel

    Re: Forex Scams

    I don't know about forex brokers, but I know a few trader's who emit trading signals and help you achieve profits on a daily basis.
  • 03-29-2019, 08:38 AM
    stevejobs2016

    Re: Forex Scams

    Invite me please
  • 10-22-2014, 12:53 PM
    A180

    Re: Forex Scams

    Representatives of Forex companies usually respond on this forum, at least if they care about the opinion.
    Anyway Good Luck!
  • 10-22-2014, 11:07 AM
    A180

    Re: Forex Scams

    Did you try solve this problem via Forex Peace Army? They help traders to get back money form scam company.
  • 09-28-2014, 04:11 PM
    BradRobbo

    Re: Forex Scams

    Seriously? 800%.. Who would fall for that. It just sounds like an instant scam when I hear it.
  • 09-15-2014, 11:05 PM
    Countryboy777

    Re: Forex Scams

    I do not know about other Forex trading plans but I signed up with Options University, (Forex Trader) and lost about $2,000. The materials called Forex Mastery were very good and I looked forward to putting into practice what I had learned. Before I could start there was some trouble with the owners and Gary Albrecht, my teacher, went his separate way. When he left the trading software no longer was operational I paid for. I don't know if Gary was at fault for not repaying me or the others. The outfit refunded part of what I had paid but the rest (about $2,000) was not. They are headquartered in Florida (Boca Raton I think). One of the guys in the outfit was called Trader Joe as I remember. I am a senior citizen and retired. Honest people will refund what is owed. If you do business with any of the characters involved with Options University beware. I don't know if they may have changed their name to something else or not. I hope no one loses their hard earned money as I did. Best wishes.
  • 02-14-2012, 05:44 PM
    flogger

    Re: Forex Scams

    Quote Originally Posted by Once Upon a Time View Post
    In what way? As soon as someone tells you their track record is based on imaginary trading, or is cherry picked from someone who accidentally made money for a week or a month, you know it's a scam. They depend on brand new traders who don't know what questions to ask, and who don't know that, if they were any good, they wouldn't be aiming at brand new traders.
    People are protected here. Just make sure that your broker is certified by NFA, rest assured it's not a scam.

    _____________________
    You're never a loser until you quit trying.
  • 02-13-2012, 07:22 AM
    Lightning96

    Re: Forex Scams

    Well yes the big traders do depend on newbies to squander all their money either on there own or with whatever automated system be it robots or a broker..I trade sucessfully and what I have found is I studied the markets for almost 3 yrs before I put in real money the way the big guys get the little guys is wild market swings to grab the stops the little guys leave to close to the market price.. I set an entry to the trend whichever direction that is and set my stops 20 pts beyond the last dip..You have to have enough money to stay clear of the market swings and the balls to hold to it no matter what..I go long term and when I make a decent profit I will move the stops in close,if it keeps going great if it doesn't I still made money..As a "Little guy trader" (So far)thats how I do it..
  • 02-09-2012, 12:27 PM
    Once Upon a Time

    Re: Forex Scams

    Quote Originally Posted by cbhattarai View Post
    So it is really hard to identify the SCAm for Forex market?
    In what way? As soon as someone tells you their track record is based on imaginary trading, or is cherry picked from someone who accidentally made money for a week or a month, you know it's a scam. They depend on brand new traders who don't know what questions to ask, and who don't know that, if they were any good, they wouldn't be aiming at brand new traders.
  • 02-08-2012, 05:03 PM
    Once Upon a Time

    Re: Forex Scams

    Quote Originally Posted by SullivanS View Post
    my father is working with forex
    hope he'll avoid scams...
    Sure! As long as he avoids "systems", "expert advisors", "robots", and "automated trading".

    If any of these things actually worked, they would be attracting large sums of trading capital from big entities, and they would not have to be chasing down small traders for a couple hundred or thousand dollars.
  • 02-08-2012, 08:49 AM
    SullivanS

    Re: Forex Scams

    my father is working with forex
    hope he'll avoid scams...
    :errr:
  • 01-13-2012, 08:47 AM
    knightmare3000

    Re: Forex Scams

    see also this website www.incisiveelearning.com

    and www.incisiveelearning.com/risk

    both are at the eRisk library online course Gordon Compson they are educational. I think you see that the FOREX field is complex
  • 01-10-2012, 10:39 AM
    knightmare3000

    Re: Forex Scams

    FORGET THIS AND ALL LIKE IT! most online forex outfits are SCAMS. or they try an algorthim and show hypothetical results. you try it,and guess what? YOU LOOSE YOUR SHIRT. most offshore outfits are run by brokers that lost their licenses in US. so go to www.cftc.gov for FREE and see if any principals have been or are now under investigation. if you want to trade FOREX, go to Illinois institute of technology in Chicago,IL and enroll in their MS degree program :
  • 01-09-2012, 02:08 PM
    flogger

    Re: Forex Scams

    Quote Originally Posted by WantSuccess View Post
    thanx for the lowdown bro...

    it's completely above board... it's a listed/registered company with customers worldwide...

    all proofs available upon request...

    i'm not here to scam ppl...duh...

    otherwise it would defy the whole purpose of this site...

    hope that helps...
    This is classic! :) show us a list of track records to prove yourself.

    ____________________
    All things are difficult before they are easy.
  • 10-04-2011, 10:30 AM
    Once Upon a Time

    Re: Forex Scams

    Quote Originally Posted by WantSuccess View Post
    thanx for the lowdown bro...
    it's completely above board... it's a listed/registered company with customers worldwide...
    all proofs available upon request...
    i'm not here to scam ppl...duh...
    otherwise it would defy the whole purpose of this site...
    hope that helps...
    Oh, and then we'll ask again.

    Do you have a real money, audited, registered track record? Or is this like all the other trading "systems" that are for sale, in other words just a wisp of smoke that someone is trying to sell to people who are gullible.

    PS; A lot of spammers include their links in their signature. For some reason that is permitted here.
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