FOREX SCAMS! They never show their Portfolios.
Picture Credit: Google
Dear Lazytraders,
have you ever noticed that these so called trading educators never show their Portfolios? Well, you`re not the only one.
Welcome to the world of Forex and how people learned to make easy money off of gullible people. They dont make money trading they make money marketing. They never execute trades!
Dont get me wrong there is plenty of opportunity in the Forex Markets but know that there is a vast world of different markets and instruments in the financial world other than just Forex. People who only trade Forex make a big mistake by letting plenty of opportunity go in every other market. You want to be versatile with your trading approach. Different timeframes in different markets. You want to make money in every scenario possible wherever opportunity presents itself so dont be fooled.
These marketers just happen to missuse the Forex Markets because of the low entry barriers and high order volumes. You can literally start an account and start trading with just 100 Usd to your name. Plus marketers love big markets because they can advertize it as if it is the biggest thing in the world and you just have to cut out a small percentage to make huge amounts of money. Basically deluding people with big numbers and even some people get impressed by that. Sure you want to trade big markets with high order volumes to protect yourself but that is just a necessity and not an opportunity.
Ill wrap this up now and leave you with a video of BRUCE LONG a guy who exposes Forex Scammers and show how they operate.
Enjoy!
- Lazytrades
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Wow this was very informative, I didn't know these guys did this at all. UPvoted! Check out some of my recent posts!
Yeah most of them are very deceptive people. But not all of them. If you know what to look for you wont be fooled.
Thank you very much @greenbuff.