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… Read More »
It’s not very easy to find examples of failed trade on most sites that deal with Forex trading. Considering the fact that most traders are losing money, you would expect them to be more common. Instead, you find plenty of trade setups before the price starts moving, but after they are invalidated, mum’s the word.… Read More »
There are so many false and misleading forex ‘educational’ services out there that I decided I have to do something about it. This is the first part of what I predict will be a very long series. Where are the problems with this one? 1. exact system I have used to win over 15… Read More »
Selling trading courses is a big business, very profitable for the vendors. But as the title of this old book says, Where Are the Customers’ Yachts? In other words, how useful the information you find in those courses really is? What prompted me to write this article is a question I received from someone about… Read More »
While browsing the Forex Peace Army, I was taken aback by the fact that there are so many so-called Forex Asset Managers. Just by taking a quick glance at their websites I can say that most if not all of them (never say never) is, in reality, one of the lowest forms of scammers. It’s… Read More »
We are witnessing the lowest currency volatility in more than 10 years, with record levels in certain pairs like Eur/Usd. What that means is that the present market conditions are so boring, it’s as much fun as watching paint dry. It also equates to a trader’s worst nightmare, as very little price movement leads to… Read More »
Well duh, I can almost hear you saying. Of course, they are different: one deals with paper money of which there is an infinite supply, the other with your own money, which unfortunately is limited. The other big difference, not so obvious for someone who just starts out in this business, is the trading performance.… Read More »
Independent Trader – The Good, The Bad and The Ugly I always try to encourage people that are thinking of going into this business for themselves. I tell them: “Think that you might become more successful than you ever dreamed, because that’s what happened to me.” I have the freedom I always wanted, both financially… Read More »
High-Frequency Trading (HFT) is a term that has been used a lot in recent years. Many traders blame their losses and their inability to make profits in the markets on it. I know traders who claim they lost a fortune on May 6, 2010, the day of the flash crash which was supposedly caused by… Read More »
I decided today to write a general article about forex scams. Over time, I might dedicate a separate article for each one. Many forex scams can be compelling or seem to be very legitimate, but they just take advantage of traders seeking shortcuts in the market. I was inspired to choose this title by the… Read More »