Whats up guys, so i just wanted to bring yousomething really exciting, we’ve got a new investment program going, we’ve been workingwith some guys that are doing some AI, running trading bots and the results have been insane.
So I’m bringing this to you guys, and ourstarting offering is $1000, and we have 200% guaranteed returns in three days! Feel like you’ve heard this before? We’ve heard it a thousand times.
The space is so chock full of scams, and theyare just unabashedly sending out all kinds of information and people are actually eatingthis up and falling for it, so today we’re gonna sit down, were gonna talk a little bitabout targeting fx scams and how to avoid them, and keep yourself afloat without fallinginto that endless trap.
Alright, so as some of you know Dan and myselfhave been in the crypto space for some time and the scams are just unreal over there.
It’s just absolutely rampant.
But I’m actually going to start off witha little bit from that kind of crypto side, because this was just the perfect exampleof how wild this stuff has become.
The beauty of having a personal instagramalongside the company one, is that a lot of people really have never seen that personalpage, they don’t know that i run a separate one that i keep away from all my work.
And i had the wonderful chance to be offeredtwo separate fx scams, directly from people that were pretending to be me.
So that really just gave me the perfect perspectiveon how out of hand this is.
Because when you go and take somebody’spicture and then are foolish enough to actually message that person to get them to investin your forex scam, i mean it is just wild guys, it’s absolutely bonkers.
So, the first one here we’ve got charlie_mastermind, I love this one.
Ninety five percent win ratio in FX.
prettygood! And the other one we’ve got here is glamorousmiller, now this one’s just a real beauty.
Hello, are you interested in forex tradingor are you a forex trader? Are you having challenges winning trades? Invest your bitcoin and USD and get amazingprofit, lose no more as I am here, strategies and guidelines.
With a minimum startup capital of $500, Iam capable of make you win $6400 every seven day.
Apart from the broken english, who honestlybelieves this stuff guys? Five hundred dollar investment.
sixty fourhundred dollar returns, every seven days.
So you’re going to 13x your investment everysingle week? The sad truth is, we have followers that messageus constantly, sending us these FX and Forex scams that people have brought to them, andthey truly don’t know whether its fake or not.
So let’s just back up real quick.
I will say without a shadow of a doubt, there’snot a trader out there that has any kind of decent, long track record with a 95% win ratio.
That’s just not the way trading works, youwin some, you lose some, you try to keep your win ratio more than your loses, and you tryto make larger wins than you do losses.
Anyone that claims they’re going to bringyou a 95% win ratio.
it’s just not real, im sorry it just doesn’t happen like that.
And the other big one you can keep an eyeout for, which is a very common theme is guaranteed payouts.
Absolutely! You can get a payout every single day if youwant.
This is another thing that just goes alongwith that trading.
You never win all the time.
You can’t get something like a 1% payouton a daily basis, that’s just not the way trading works, it’s not the way the marketworks.
You know, everyone kind of wants to believethere’s this snake oil cure for trading, and that you’re just going to finally findthat one new bot or this one new program and its just always going to go to the moon.
It just doesn’t work that way guys.
In trading, if someone brings you somethingthat looks too good to be true, look into it, it probably is.
And were going to check out a few of thoseother crazy scammers that we’ve seen come through, and give you guys my thoughts onthose.
Alright, so I’ve got a few of these scammyposts and pages that im going to show you here, and an interesting one that we see alot is, they will go and use a bot or a secondary account to post comments and “testimonials”claiming that you know, this or that person gave me these great returns.
And they try to kind of increase that believabilityby using these spawned pages that really have nobody behind them, but it at least lookslike somebody else has done it, and oh yes, thats real.
Like here we’ve got eunice_blog.
I’m not going to go through all of it, butlet’s see.
This one they’re vouching for traderlouis, who is all over the place on instagram.
Lets see, yes traderlouis, you can earn 100%of your initial investment on a daily basis.
Really think about this people.
One hundred percent on a daily basis.
Youre talking about doubling your money everyday.
I don’t know if you guys are you know, numbertheory or math fans…doubling functions blow up very quick.
With about $5 in under a year you’d be amillionaire, so why would anyone that has the ability to essentially just print money, and double their money every single day.
why would they need your money? And moreover, why would they want to sharethat with you? The reality is, in trading, a good winningstrategy is something that’s highly sought after.
And if somebody did have some magical thingthat could double your money every day or every week, or even every month; why wouldthey share that with the general public? You know it just doesn’t make sense.
These kind of things, when you just thinkabout it, it’s mind boggling.
But it does happen quite a bit.
So were going to move on to, once again anothersupporting comment, this time from jessicaline.
Lets see, I decided to invest with trade_philemon.
With only three hundred dollars, I waitedpatiently, today Im proud to say he correct my financial misery and turned all my loseinto profit.
I really, I wish they would at least get the people that they’re usingthese scam accounts, to have at least halfway decent english.
If you’re pitching to english speakers, atleast get somebody that can correctly type out your sentences.
The fact that anyone would fall for this ismind boggling to me in the first place, but it is what it is.
So we’ve got philemon, and.
oh yes, thisis just a glorious picture; I’ll have this up on the screen for you.
You know, this guys probably, Id say thatsabout eighty thousand dollars in his hands.
If you’re a trader, why would have eightythousand in cash in your hand? That should be in your portfolio! I’m not even going to get on to that, it’sjust absolutely ridiculous.
And you can see here we have some hashtagsfor binary.
This is something were seeing a lot in FXand the crypto side of scams.
People wrapping in this binary option magicalcure, because its A or B, and we always get the winning side right? So that’s another kind of red flag thati see a lot, you’ll see kind of a binary option bundled with forex type thing.
And that’s a really easy one to pick out.
And last but not least, we’ve got here sivanabryant.
And you can just see the level of people they’retargeting with this, it’s just mind boggling that anyone would see that and be actuallydriven to go and give these people money.
So you know, we do see these all the time.
People do fall for scams you know.
It’s just part of the investment world, it’s always been around, i think it always will be around.
Alright, so there’s scams galore.
What can you do to protect yourself? Really, its a number of simple things.
A, just keep your head on your shoulders.
You know, if it sounds too good to be trueit probably is.
Do your own research, the reality is; youthink a professional trader is going to show up in your direct message inbox on instagramasking you for an investment? No.
It just doesn’t work that way.
Use your brain, keep your common sense aboutyou.
If it looks to good to be true it probablyis.
There’s no such thing as a 100% winningstrategy, it does not exist.
Nobody wins every single trade they ever make.
There are no guaranteed payouts.
You know, we work with a number of managedaccounts, and they’ve done very well, they’ve had great returns.
But the reality is, even these great managedaccounts with professional traders have drawdowns, that can be a week.
a month at times.
That’s just the way that trading works, you have to keep that in mind.
Anyone that tells you they have a 100% winratio, they’re always going to win.
it’s just not real guys.
So be defensive, you know if you see somebodythat is offering some kind of a program, ask them about seeing an fxblue or a myfxbookaccounting of it.
So you can actually look at the portfolio, confirm that it is real, and see that there’s actual trading going on.
If they have a decent managed account, andthey’re actually offering this, there should be no issue with that.
That should be a one, two click and you willbe able to see that.
So, stay frosty people, keep your eyes outthere, and if you have any interest in kind of targeting crypto scams, we’ll also havean interesting video on that over at the crypto playhouse.
So keep your heads on straight, and if itsounds too good to be true it probably is.