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Thread: Forex Scams

  1. #129
    Join Date
    Feb 2008
    Posts
    2

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

    mc2288, if only we retail traders could really get together like you say and make the market move in our direction!!!! Then we would never ever lose another trade!!!! But no, we as retail traders, against the giant speculative positions of commerce, are like ants under elephants. You are very naive.

  2. #130

    Re: Market Forex LTD

    Don't invest there! They are completely scam. I requested a withdraw two weeks ago...until now I got no payment to my liberty reserve account and I also got no answers from support!!

    SCAM:judges:

    :madgo:

  3. #131
    Join Date
    Feb 2008
    Location
    Jamaica
    Posts
    1

    Re: Market Forex LTD

    I invested $100 and was able to withdraw the $100 put in - $70 after 7 days and $30 after a further 3 days thus recovering my deposit. I have not been able to withdraw the interest of $50 nor have withdrawal requests been processed for 2 additional deposits which I placed for family members. These deposits were placed on the basis of having been able to withdraw my initial deposit. They do not respond to emails. THEY ARE A SET OF THIEVES. SCAM!!! SCAM!!! SCAM!!!:madgo::mad:

  4. #132
    Join Date
    Mar 2008
    Posts
    2

    Re: Market Forex LTD

    I too fell for Market Forex LTD in a much bigger way. I even researched it, as much as possible, before I became a "member". After requesting 2 interest withdrawals, I was "locked" out. None of my emails, to both addresses, were answered. I even emailed Liberty Reserve asking if they knew anything about the company. Fred answered saying they didn't know anything.

    The site is very slick . Yes, there are some grammatical errors and misspelled words but all of us, including Oprah, make mistakes occasionally. These people go beyond thieves. They are nothing but SCUMBAGS. They know our "government", what's left of it, can't do anything to help us since the "company" is in Panama. My money would have been safer under my mattress. I can just hear Jethro Gibbs saying, "You think?" after slapping me on the back of my head.

    If you don't want a slap on the head or your guts ripped out, please, PLEASE, don't even click or go to www.marketforexltd.com It goes beyond fraud. It's out and out stealing!

  5. #133

    Re: Market Forex LTD

    Hey Everyone! Market Forex Ltd. Is not a scam, it's completely legit. I've invested $185 with them, and have made an enormous return on my money in a very little time. I am going to withdrawal my initial investment and play with the house's money soon.

    Hope this helps and Have a great day! -Edward Brown:spin2:

  6. #134
    Join Date
    Mar 2008
    Posts
    2

    Re: Market Forex LTD

    Mr. Brown
    What do you mean? If you withdraw your initial investment, what's left to earn interest? Did you ever have a communication problem with them? I emailed, both support and [email protected], numerous times about problems with the site and my pending withdrawal not being released. I have never heard back from them. I even wrote the emails in Spanish thinking that might get their attention. Didn't help. They "speak" fraud loud and clear. You were just lucky.

    If you will tell me exactly how you got your money back, I would appreciate it. Then again, it wouldn't help since I cannot login to my account!

  7. #135
    Join Date
    Mar 2008
    Posts
    1

    Re: Market Forex LTD

    This investment is a bigggggggg!!! scam. I have never gotten any of my withdrawals, while some persons got. PleasEEEEEE do not trust these crooks!!!:

  8. #136
    Join Date
    Mar 2008
    Posts
    11

    Re: Penta Trade FOREX Profits System

    Quote Originally Posted by BizLad View Post
    Also any recommendations for genuine Forex / Trading systems.
    Here are two good and honest educational companies. They educate about forex trading principles and methodologies.

    http://www.forexmentor.com - Peter Bain has been doing this a long time and has an impeccable reputation. You can spend a lot of money here but they are legitimate and you will be educated.

    http://www.forex-trading-coaches.com
    I have been programming custom chart enhancements for these guys for awhile. They provide very good education at very good prices. They have been doing live two nights/week training sessions for awhile. They just started their last live training session (approx 2 months of classes) but that is their last one. They're moving to a monthly subscription for ongoing video tutorials and daily video analysis. Just to give you an idea, in the past they have charged only $500 or so for three months of 2 nights per week at 2 hours per night. I figured it out once and the cost per hour of the training came out to something like $5-8/hour or something ridiculous like that. Not bad when other companies charge hundreds or thousands for only one or two seminars.

    The only two brokers I would consider using: FXSolutions or InterbankFX. Both training people above prefer FXSolutions. I am still personally using InterbankFX but will probably be moving to FXSolutions. The forex brokerage business is going through some regulatory changes that require higher capitalization and it is believed that this will force marginal brokers out of business. Many people have lost lots of money by using bad brokers. You can review brokers at the CFTC.

    A very good book on trading: "Trading in the Zone". Highly recommended by very successful traders. Really digs into the psychology of trading, which is the main thing that will mess up any good methodology.

    IMHO no brainless automatic system can replace good education. Automated trading systems do exist, but I haven't found one that is available to the public. There are LOTS that are available and purport some great track records, but the ones I have reviewed and even used are basing their success on a small 1-3 month window when things worked well or worse yet are based upon backtesting. Some of the ones I have developed myself have had success for a certain period of time, but as the market dynamics change they have suffered. That is not to say that autotraders are not possible - they definitely are. But automated backtesting and even two to three months of live forward testing do not prove a system. My best automated system earned 50% in six weeks on a live account with real money, then got slammed. I'm not even sure that if I came up with one that worked well enough to release that I would even want to sell it because it would be so lucrative I wouldn't have to.

    Anyway, hope that information helps. If anyone is thinking about trading with an automated system, here is the criteria I would suggest:

    1) There should be a way to test it under demo accounts for free for a very generous period of time.

    2) Automated back testing is NEVER an exact indicator of how the program will behave in a live market.

    3) If there is not a free demo, there should be at least 6 months of provable forward testing in a live account. However, I think such a history could potentially be fabricated. If you spend money on a system that seems to have good prospects, trade it under demo for at least 90 days before going live, OR, trade it live with a very small account (Like $250 that you don't mind losing -- seriously). I have tested all my automated efforts under demo first then test them live for a few months with a small balance account. Even due to fluctuating spreads and latency with live accounts, nothing, absolutely nothing can replace forward testing in a live account with real money. Nothing.

    Hope this helps.

    BTW, I really like FOREX because it causes you to face major life issues: Greed, discipline, patience, consistency, etc. Most people lose money in FOREX, but some people have made huge bucks. I think it comes down to education and psychology. The demons that must be beaten in order to be successful in FOREX are some of the same demons we need to battle in life. That is my favorite part about it.

  9. #137
    Join Date
    Mar 2008
    Posts
    11

    Re: Market Forex LTD

    The second easiest way to lose money in FOREX is depositing your money with the wrong broker.

    The easiest way to lose money in FOREX is trading.

    I have an informational post about educational companies, brokers and books. Please see my post if interested.

  10. #138
    Join Date
    Mar 2008
    Posts
    11

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

    Quote Originally Posted by Forexer View Post
    mc2288, if only we retail traders could really get together like you say and make the market move in our direction!!!! Then we would never ever lose another trade!!!! But no, we as retail traders, against the giant speculative positions of commerce, are like ants under elephants. You are very naive.
    I agree, there is no way that a group of retail traders could move the market when institutions are trading millions and even billions at a time. I think the retail traders are trading on the crumbs of the meal that the fleas are feeding off of the rats which are foraging off of the elephants. That's how teeney the retail trader is.

  11. #139
    Join Date
    Mar 2008
    Posts
    11

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

    I have an informational post about educational companies, brokers and books. Please see my post if interested.

  12. #140
    Join Date
    Oct 2005
    Posts
    134

    Re: Steinitz Expert advisor forex scam

    The sad part about this scammer steinitz is, he has now repackaged optimized his HAS ea and is trying to sell it again spamming people to buy it again.This man really needs to be stopped.
    Im coming over with the stolen Karaoke machine.:rain:
    Do you want somebody to love do you need somebody to love.:rasta:

  13. #141

    Re: Market Forex LTD

    Hi everbody seeking some goode HYIP :sun_smiley:
    I would not recommend any at the first but if you are willing too much than move straight to Market Forex LTD > COM

    :liefde: they would care your account with their dynamic system that updates each and every transcation from your LR to Market ForexLid.com

    Play safe as you are already greedy enough:1crysad: so make multiple transcations to LR and then back to MFLtd so you look much busy on working and system would give you a unique ID for valued customer and you make the system your friend and It do favour for you.

    :rasta: stay cool with Market Forex Ltd.com and if you get 30$ daily out of profit you must send back 10$ to make another deposit for 15 days plan and end of the day you have 20 Bucks in your pocket and thats a reason able reward which could increase.....
    but Risk is always there, my view is good till they are up with system and if they have just decided to run away then I cannot say anything.:elvis:
    Best of Luck.
    Join today and just click a link below:
    http://www.marketforexltd.com/?ref=Tariq

    I have been making money there and you can too:angel:.

    Regards,
    Badar.
    [email protected]

  14. #142

    Re: Market Forex LTD

    Quote Originally Posted by makingbills1021 View Post
    Hey Everyone! Market Forex Ltd. Is not a scam, it's completely legit. I've invested $185 with them, and have made an enormous return on my money in a very little time. I am going to withdrawal my initial investment and play with the house's money soon.

    Hope this helps and Have a great day! -Edward Brown:spin2:
    I posted here before... AND HAVEN'T RECEIVED MY MONEY AFTER I REQUESTED A WITHDRAWAL AND IT HAS BEEN OVER A MONTH!!!!!!

    SCAMMERS!!!!!!!!

    They live in vegas, someone go get 'em.

    F**K THEM TO H*LL!! I worked hard for my money, and I just lost it to some rich guys new gold toothbrush.

    Hope this helps and Have a great day! -Edward Brown:rryumy::rryumy:

  15. #143
    Join Date
    Apr 2008
    Location
    Indiana, USA
    Posts
    170

    Re: Market Forex LTD

    Quote Originally Posted by evelynarvelo30 View Post
    FOKS70-

    I know a bit about this company, I have an account with them, I am just waiting to send liberty funds , I will only start with there bare minimum, which is $10 USD.. I will let you know what happends after the 15 day mark, they say I should get 10% daily, we will see what happends.
    10% a day from Forex Trading?!

    I smell a scam, big time.

    If you want to find out what Forex trading is like for free, try http://www.vtsystems.com , they give you a free account, so you can trade with no risk, and no $.
    I'm sorry but Forex is hit and miss, some days you gain a lot of $, some days you loose a lot of $, and other days are bla ... I do not see how some one would make 10% a day, every day from this.
    :2gunsfiring_v1:419:judges:

  16. #144
    Join Date
    Jul 2006
    Posts
    6

    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. []
    I find it interesting that your link to clickbank is for forex enterprises,the very one that we are talking about being a scam. Nice Try !!!!!!
    Last edited by katiescorner; 08-25-2008 at 07:22 AM.

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