This post is directed at you new traders out there and also those of you who’ve been scammed in the Forex. This post is For You.
Many scammers out there feel uncomfortable when I’m around these boards. The reason for this is because I know their tricks. I was a Fraud investigator before I was a Forex trader and educator.
Still today I’m a member of the Association of Certified Fraud Examiners (ACFE).
[I]I know exactly how they fool people and you should too. [/I]
If you’ve tried Forex training, got beaten out of your money and don’t want to get ripped off again, here’s the best way to tell if someone is fooling you:
It’s about results. Often trading results are reported [I]after-the-fact[/I]. We all know how easy it would be to take two opposite positions, in two different accounts, reporting [I]ONLY[/I] the positions that succeed.
[B]Showing trading results after-the-fact is Usually how scammers fool people.[/B]
It’s kind of like ‘the hand is quicker than the eye’ trick. People are so awed by the results, they forget that the trades were executed hours or days earlier, leaving plenty of time for manipulation.
[I]Here’s how decent people can avoid being fooled and scammed: [/I]
Ask whomever is trying to impress you with their trading results, to give you their trade execution details, including entry and direction of position…[B][I].Not After-The-Fact But At The Time Of Execution[/I][/B], complete with stop loss so that [I][B]you can monitor their trades and trading systems In Real Time using Real Time Verification. [/B][/I]
In my Forex training venue I post trade executions complete with stop loss In Real Time. There is no hocus pocus as trade are posted in real time and not minutes or hour later. People have heard about my training and how I teach people to execute trade with 20-pip stop losses for 500 to 1000 pip gains or more. They think I must be fooling people, but then when they see that I show my trades in real time, they know that I’m for real.
Scammers don’t like me because they feel the pressure I’m bringing to bear on them to post their trades in real time too. They don’t want you to know their tricks and they certainly don’t like posts like these that will alert you to what they’re doing to fool you.
[I][U]Scammers don’t fool me and they shouldn’t fool you either.[/U][/I]
Remember: Where there’s big money such as in the Forex, there is going to be Big Abuse.
Use my advice to help you not to lose your hard earned money and to avoid being taken for a ride. For all of you newer Forex students or any of you who think you might want to give the Forex a try; yes this market can be lucrative, in fact it can be very lucrative…BUT, if anyone is trying to convince you that this is a get rich quick business, Beware! That is your Number One Red Flag Warning!!
[I][B]‘Get Rich Quick’ Does Not Mean You! ‘Get Rich Quick’ means the guy who’s trying to sell you the ‘Get Rich Quick’ scheme. [/B][/I]
I hope this posts saves you money and precious time on your learning journey.
Best Wishes and Good Trading,
Jeff Langin
