Forex Training Scams Debunked 2

By | August 30, 2014

Forex Training Scams Debunked

I have a special guest for today. Not only is this guy a ‘trainer’ but a world-renowned forex fund manager as well. :) What surprised me about his ‘managed accounts’ racket is that the minimum amount to participate is $1mil. WOW. He boasts over 100% ROI for 10 years, making 220% in 2012 and 162% in 2013. Although he states that his performance is audited, I couldn’t find any evidence that a third party auditor really exists. There is also no evidence that he manages $10k, let alone millions, as he claims.

As if to show the world that a scam artist won’t stop anywhere, this guy has the nerve to STAGE a press conference.

 


The second case I’m going to present might not seem like a scam at first sight. It’s certainly not as obvious as the previous ones. But for someone who’s been trading for a long time, there are a few alarm bells ringing. First, there is the very high price of this supposed training. To have the gall to charge more than $11k, when you have no trading credentials, just some posts where you brag how many pips you’re making, it’s a major red flag.

Secondly, there is the offer of managed trading, where there is no proof of past performance. Not only that, but there isn’t any mention of risks involved, just a promise of making the client rich.:) How is this guy expecting prospective clients to hand him ‘substantial funds’ as he puts it when for all we know, he might not even be trading a real account at all.

12 thoughts on “Forex Training Scams Debunked 2

  1. Dorsey Geffre

    I do trust all of the concepts you have introduced on your post. They’re really convincing and can certainly work. Nonetheless, the posts are too brief for starters. Could you please prolong them a bit from subsequent time? Thank you for the post.

    Reply
  2. affiliate marketing

    Hiya, I am really glad I have found this information. Today bloggers publish just about gossips and web and this is really frustrating. A good web site with exciting content, this is what I need. Thanks for keeping this web-site, I’ll be visiting it. Do you do newsletters? Can not find it.

    Reply
  3. url

    I have been absent for a while, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your site?

    Reply
  4. click

    Thank you for the good writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how could we communicate?

    Reply
  5. restaurantswithoutdoorseating.com

    Thanks for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent information being shared freely out there.

    Reply
  6. government loan malaysia

    I’ve been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m happy to convey that I’ve an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make sure to don’t forget this web site and give it a glance on a constant basis.

    Reply
  7. Tech In Expert

    Hi! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any tips?

    Reply
  8. innovation

    I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *