Forex education scams

Discussion in 'Forex Education' started by new digital, Jul 30, 2018.

  1. new digital

    new digital Master Trader

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    Last edited: Jul 30, 2018
  2. new digital

    new digital Master Trader

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    The biggest forex scam is education like trend trading for forex.

    95 % trendfollower traders lose at trend trading

    Micael covel makes money from selling books, seminars and education.Those who can trade trends trade for a living, those who can't write books and selling seminars for a living.Trend following does not make money.So all the failed traders failed trend traders and failed trend signals providers , end up on forums selling education,technical analysis and signals.

    They sell day trading education , so 95% lose at day trading

    https://www.earnforex.com/forum/threads/day-trade-forex-to-get-rich-in-forex.30099/

    they sell / brainwash traders free scalping technique , so they end up losing their money to brokers,like here

    https://www.earnforex.com/forum/threads/caseys-intraday-price-action-scalping-techniques.30118/

    If 99 % lose, the education they were sold is scam.

    https://www.earnforex.com/forum/thr...ost-brokers-dont-want-you-to-know-this.30085/

    Forex trend trading education can be a scam, if 99 % lose

    https://www.earnforex.com/forum/threads/trend-trading-is-a-hindsight-forex-illusion.30061/

    https://www.forexfactory.com/showthread.php?t=716482&page=7
     
  3. new digital

    new digital Master Trader

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  4. new digital

    new digital Master Trader

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  5. Ary Barroso

    Ary Barroso Active Trader

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    This is very much useful thread for the new traders! Because, new traders are unable to point out the scammers.
     
  6. 37riched

    37riched Trader

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    This thread is very essential, especially to new traders who are still not in a position to correctly identify scammers. The links are also very important, I hope more are coming. Scams are all over the forex market, especially fake forex educators. The worst thing that scammers do beside stealing from you is that they chat with you in forums, pretending to be genuine traders
     
    Mauk likes this.
  7. this is a fab thread! Im a newbie so will be reading this with interest
     
  8. Mauk

    Mauk Trader

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    That's why I plan to go solo route and learn from my own mistakes. If you give your money to somebody prepare to loose it, be it friend, forex broker or even usual bank deposit. There are so many scam in forex world that I don't even know where the truth is after watching that videos. Very desperate.
     
  9. Oswald

    Oswald Trader

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    I think that today there is relatively large number of very solid online courses which are all free. So, there is no need to pay for any of these. However, here are learnt only basics, while real trading can be learnt only through experience. So, eventually forex is sort of self-learning
     
  10. new digital

    new digital Master Trader

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  11. new digital

    new digital Master Trader

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    Greg Secker is not a fraud or scammer , he is real trader.

     
  12. Sarn642

    Sarn642 Trader

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    Why do you defend Greg Secker, do you really have something in common with them or what ? But I do agree however that since we already investing money into something like that it should really be free. And some brokers do offer their own free education section.
     
  13. Aaronpp

    Aaronpp Newbie

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    Many scammers seek to take advantage of the most beginners in any way, the courses are something that works quite well for them because they promise an event where they can learn quite a bit about how to operate at Forex and since it’s not surprising, the prices are quite high but many users unfortunately end up being ripped off. Even traders recognized worldwide as Oliver L. Velez has been accused of defrauding numerous people with fraudulent courses where he has used his image as a recognized trader to obtain more victims and profits.
     

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