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Thread: Forex Scams

  1. #145

    Re: Penta Trade FOREX Profits System

    Well written post by Im_Spartacus.

    I think he's spot on about the need for solid training and the psychology of trading.

    I've found that the fundamentals always apply and often the easiest methods or "systems" work best. But, only if you have the right attitude and the self discipline to trade them.

    You mention Peter Bain's course which I have looked at but not used. It strikes me as pretty solid and I don't get the creepy scam feel from his stuff that you get from others.

    I read "Trading In The Zone" and liked it as well as "The Mind of a Trader: Lessons in Trading Strategy from the World's Leading Traders." It's a bit clunky to read in palces but there are some good points made.

    Currently I'm trading Steve Rising's Thinslice scalping methodology. He's at: http://www.thetradinginstitute.com

    What I like about him is that he is about as low key as they come. Hype is not what this is about. It's a pretty conservative, plug-away-at-it and build your account approach. I like that he is not about get rich now but emphasizes building your account to a point where it is self sustaining and you can live off just your trading.

    I'm almost there and have been happy so far. He's awesome on the mentoring aspect and keeps you focused and your attitude straight.

  2. #146
    Join Date
    Oct 2005
    Posts
    19

    Re: Penta Trade FOREX Profits System

    Hear hear! For a solid and FREE grounding in FOREX, my first stop was babypips.com. Do not go with any automated system until a) you've done trades "by hand" and b) you can totally customize it. Better to do it yourself. It is work and there is a lot to learn. But it is worth it and it is FUN. Check out forex.com as well. They have a free intro to forex webinar every Tuesday and Thursday at 1 and 9 pm. I've tried a lot of platforms and must say The one I personally like best is the one that forex.com provides. You can also check out meta trader 4. If you prefer a more gaming atmosphere there is etoro.com as well. You can and should open demo accounts, some are unlimited time others are 30 days (Which you can get extended). When you do, open it with a large sum (over 10gs) that way you can truly test your strategies and learning out.

    I would say when you are ready, never risk more than 1-5% of your account and ALWAYS cash out your profits.

  3. #147
    Join Date
    Jul 2008
    Posts
    2

    Re: Steinitz Expert advisor forex scam

    I have this software and I tried it on several demo accounts and it doesn't work! Everytime i tried it loses tons of money. He posted a video on youtube but he conveniently didn't click on the trade tab because he knows that if he did it would show a huge loss! He wont post a video with him clicking on the trade tab and he also disables the comments because he doesn't want all the people he has scammed to post a comment. Those statements on his website are all doctored. Good ratings on here are doctored. Don't you think that if his robot was as good as he claims on those statements he would have placed better than 238th place on the Automated Trading Championship of 2007 where he lost half of his money. TOTAL SCAM. Heres the proof.
    http://championship.mql4.com/2007/users/Steinitz/

  4. #148

    Re: forex enterprises

    It's funny how some people jump into this conversation assuring that this Forex Enterprise is awesome, and then they put their clickbank affiliate link (yeah right, I believe you)

    I cannot say I have hard evidence that Forex Enterprise is a scam or that it does not work, but I simply hate it when they try to sell a money making product by showing me a Ferrari or any other exotic car, an the truth is I have not read very good comments about it.

    I only give a vote of confidence to sites that base their message on more technical aspects rather than a sensational display of the supposed benefits.

    I personally do not feel inspired by the Forex Enterprise's site, and maybe it's also because I already use a fully automated forex system, among other reliable systems I found at a site called: LINK REMOVED so I am a bit difficult to impress at this point.

    Simply be careful with what you guys get into, because what you will pay for the system is the least of your worries (although it hurts to pay for nothing), the real problem is the loss of time and money after you purchase a useless product.
    Last edited by katiescorner; 08-25-2008 at 07:21 AM.

  5. #149
    Join Date
    Aug 2008
    Posts
    12

    Re: Penta Trade FOREX Profits System

    Every one who promise to you a system that generate money or PiPs in forex
    is a scam, in forex it is all about what they promise you there is no doubt almost all who deals in forex can be suspected as a forex scam but you should be responsible to your loses as well as your profit if you believe to some one who promises to you easy money you should complain only your self if you fall in the trap. there is no easy money even not in forex
    Last edited by No_Moron_Here; 09-13-2009 at 01:27 PM. Reason: remove links

  6. #150
    Join Date
    Aug 2008
    Posts
    12

    Re: forex enterprises

    Every one that promises you this kind of 2000pisp a week is a scammer he wouldn't sell this kind of forex system if he really had it for sure not for 199$ as most of them sell

  7. #151
    Join Date
    Aug 2008
    Posts
    12

    forex system demo

    does any one knows a forex system that provides trial period, i believe any one who sells a reasonable forex system which is not a scam should provide such if not it can be immediately suspected as forex scam

  8. #152
    Join Date
    Aug 2008
    Posts
    12

    Re: Market Forex LTD

    All forex programs should be considered as scams today if a forex enterprise is not regulated by the US Commodities Futures Trading Commission (CFTC) or some other international authority dont ever signup with forex market maker who is registered in some small island some where in the Caribbeans unless you plan a long vacation over there here is a list of known forex scams known to the CFTC

  9. #153
    Join Date
    Aug 2008
    Posts
    12

    Re: Market Forex LTD

    Dont ever trust a forex market maker who is not register by the CFTC check first the registration of the forex broker make sure he is not register somewhere in the Caribbeans unless you looking for a vacation there
    Here is a list of forex scams by CFTC

  10. #154
    Join Date
    Aug 2008
    Posts
    12

    Re: blueprintcapitalfx.com managed forex

    any updates for this managed forex broker?

  11. #155
    Join Date
    Aug 2008
    Posts
    12

    Re: www.forexbastards.com (Free Forex Alerts)

    Why do you think this guy is a forex scammer any evidence to prove that?
    well here is:
    THE OWNER OF FOREX BASTARDS & SECREAT FOREX SOCIETY [ FELONY ARREST MADE & FRAUD CHARGES FILED.
    > >
    There is an on going investigation into the activities of Dmitri Chavkerov “ also know as "Felix" the "Poster child " of 21 century online frauds as you probably heard he has been under investigation for a number of things for the last decade and charges have been placed against his criminal partner in a fraudulent scheme to defraud the investors in the USA. Its people like this that have made the bad reputation
    forex trading have.
    to complete forex scam case study
    http://www.ice.gov/pi/news/newsrelea...osangeles1.htm

    say hooray to Google which removed forexbastereds from it's index before it was in top rating results for the search "forex" and know it is banned from Google's index
    Last edited by mxpro; 08-26-2008 at 01:06 AM. Reason: add a phrase

  12. #156
    Join Date
    Aug 2008
    Posts
    12

    Re: IPB-Forex.com= tumb rule for forex investment

    I will give you a thumb rule for forex brokers :" if you have a doubt dont invest"
    there are plenty regulated forex market market makes and brokers why to choose someone no body heard of before?

  13. #157
    Join Date
    Aug 2008
    Posts
    2

    Re: forex enterprises

    Quote Originally Posted by obione3 View Post
    I hate all these Online business's that rip people off. I have wasted so much money and time over the years. This is the real deal, the program is good I bought it. I am very happy with it. http://acorey81.1free.hop.clickbank.net
    are you for real? did you read the post right above yours?

  14. #158

    Re: forex enterprises

    If anything this site will offer education about internet marketing. A scam is something when you pay someone for information or a product and you receive nothing and then you never hear from them again.

    All I can say is do your research and if you want to make money online then you need to educate yourself. The only way to succeed is by learning what doesn't work and what does work.
    It sounds like people who say products are scams probably buy the product and expect to make $500 instantly each and every day, unfortunately it does not work that way. I also know there are people out there who do make $500 or more online each day and they have taken months and years to build their business to this.
    Affiliate Success Secrets - $67 Value - Free Download
    Traffic Getting Software
    Make Money On Squidoo - 4 Awesome Ebooks - $7 - This is a steal...
    $150/day online in 8 steps - Free guide Right Here...

  15. #159
    Join Date
    Oct 2008
    Posts
    1

    Re: forex enterprises

    I never trust the tesimonials on sites, they arent going to put up bad ones are they? And it takes forever to search forums and reviews but I guess this is the only true way to find out some real fedback

    Beth


    Smile and the world smiles with you
    new born baby toys at www.dillydotstots.co.uk
    Dilly Dots Tots New Born Baby Gifts

  16. #160
    Join Date
    Oct 2008
    Posts
    454

    Easy-Forex

    This site allows you to trade foreign currencies in order to make a profit.

    It's similar to gambling... you're estimating which currencies will drop or gain value and make trades based on this. What the website doesn't mention clearly is that you can only cash out for the money that you put it.

    What does this mean? Well, I started off with a $100 deposit. Through a bunch of trades, I ended up making a $30 profit. So my account was $130 total. But... I can only cash out for $100 since that's what I put in. So it is physically impossible to make a profit!!

    Any profit you make is stuck in your Easy-Forex account, and can never be withdrawn or used in the real world!! It is completely absurd. Why would anyone gamble with real money to make 'virtual' money that can never be used?

    However, if you lose money from trading (which is much more likely to happen), you do actually lose the money for good. So... you lose money for real, but you only gain 'virtual' money that can never be cashed out.

    I cannot believe it!!!! This is not stated clearly anywhere on the site at all. So I cashed out my original $100, and the $30 profit I made is just sitting there, and will be forever since I can never cash it out. What a joke.

    Not to mention... in order to withdraw money, you must scan and fax copies of your ID, credit card, along with withdrawal forms. It really doesn't feel safe. Stay away everyone! Josh Santa Clara, California U.S.A.

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