ويالثجينيراتورس فكس سيمبليفيه تستينغ أند ريفيو.
وسوف يتم فتح حساب حقيقي لاختبار هذه الخدمة. لقد انضممت بالفعل وقدمت دفعتي وأنها تخطط للذهاب مباشرة في وقت قريب جدا. سأقوم بتحديث هذه الصفحة مع معلومات جديدة عندما تصبح متاحة، والآن يرجى التمرير لأسفل لمعرفة المزيد عن الخدمة وتأكد من مشاهدة الفيديو نظرة عامة أعلاه. مرة واحدة إم وتشغيلها سوف تفعل التحديثات كل يوم جمعة حتى تتمكن من رؤية تقدمي.
تلبية المؤسسين.
أحدث المشاركات.
مشاركة أقدم.
14 تعليقات:
ذهبت إلى موقع على شبكة الإنترنت ولكن ليس أعجب. ليس واضحا جدا ما تقدمه. يبدو أكثر مثل التسويق التابعة لها اقامة بدلا من التداول. أنا مهتم في التجارة لا تجنيد الناس.
أوافق على أن صفحاتهم المقصودة تحتاج إلى بعض العمل. من الأفضل إذا كنت تحقق من الصفحة الرئيسية في ثيثجينيراتورس، وهذا سوف تظهر لك كل شيء بشكل واضح. الجزء التابع هو اختياري، الذي يعطي الناس فقط فرصة للحصول على عضويتهم مجانا. يمكنك ببساطة تخطي ذلك إذا كنت غير مهتم.
فكس سيمبليفيه هو أداة تداول مسجلة على براءة اختراع توفر النتائج. انها ليست مثل أي ناسخة التجارة الأخرى، الروبوت التداول، خدمة إشارة أو أي شيء سوف تجد على الانترنت. هذا قطعة مذهلة من البرمجيات يسمح لك للاستفادة من فرص التداول 24 ساعة في اليوم 5 أيام في الأسبوع. نعم، حتى أثناء النوم!
مجرد إلقاء نظرة على نتائج من 4 أسابيع الماضية.
لقد أجريت التغيير الذي أوصيت به. شكرا على النصيحة.
يا لاري التي تتضمن حزمة ناسخة التجارة فوركس؟
نيفرميند أرى it..lol.
يا علي، أنا سعيد وجدت ذلك. لأي شخص آخر قد يتساءل عن & كوت؛ ألغو باك & كوت؛ و & كوت؛ الكل في حزمة & كوت؛ وكلاهما يتضمن المبسط الفوركس.
مرحبا أنا وول ترغب في شراء الصفحة المقصودة.
مرحبا، أعطيت غاري الخاص بك لذلك يجب أن يكون الاتصال بك قريبا عن هذا.
مرحبا. عند الاشتراك والدفع ثم ماذا يحدث أود أن استخدام التداول الآلي. لدي وسيط يمكنني استخدام جميع جاهزة كيف يمكنني ربط وسيط إلى هناك نظام الآلي؟ يمكنني استخدام بيبرستون كوسيط بلدي.
مرحبا دواين، بعد أن تحصل على الاشتراك سوف تسجيل الدخول إلى المكتب الخلفي الخاص بك والبدء في عملية ربط فكس سيمبليفيه إلى حسابك. سيكون لديك لاستخدام واحد من الوسطاء 2 أنهم يوصيون. لنا. و الكندية في الفوركس و للجميع ريفماركيتس. تأكد من استخدام الرابط الخاص بك في المكتب الخلفي الخاص بك. يمكنك أن تبدأ مع التجريبي وصندوق بمجرد راض الخاص بك. أي أسئلة أخرى اسمحوا لي أن أعرف.
أنا مع دواين. أنا أحب أن أعرف أكثر وأنا استخدم بيبرستون في الوقت الراهن. هل يعمل النظام فقط مع ريفماركيتس؟
وغ فوريكس.
احصل على ثلاث رسائل إخبارية للتنبيه التجاري:
[انقر هنا لمعرفة كيف يمكننا تغطية رسوم الاشتراك]
اتبع الخبير.
من خلال تطبيق مولدات الثروة "مرآة الخبراء" الأسلوب، كنت تتعرض لفوريكس بطريقة فريدة من نوعها تماما. لا برامج باهظة الثمن، والرسوم البيانية أو الغرف التجارية. لا حاجة إلى أن تكون مرتبطة إلى جهاز الكمبيوتر الخاص بك خلال ساعات التداول. لدينا فريق من الخبراء الاستفادة التقنية، الأساسية، أحداث التقويم الرئيسية والأحداث الجارية لتطوير الصفقات التي تستفيد من هذه الشروط. خبراؤنا تبادل دخول التجارة، وقف الخسارة، والأرباح المستهدفة حتى تتمكن من متابعة على طول ونرى بالضبط ما هي المخاطر / مكافأة! وغ فوركس يسمح لأي شخص، في أي مكان للمشاركة في أسواق العملات العالمية لدينا.
وبالنسبة لأولئك منكم أن لا تريد "مرآة" الخبير ولكن في الواقع تريد أن تتعلم كيف ولماذا وراء التداول - لدينا لكم تغطيتها! غرف التداول الأسبوعية الحية، وأشرطة الفيديو التعليمية، والجلسات سوق الخبراء الحية تمكنك من التعلم والتفاعل وصقل قدرات التداول الخاصة بك.
سوق العملات الأجنبية (الفوركس أو العملات الأجنبية قصيرة) هي واحدة من الأسواق الأكثر إثارة وسريعة الخطى حولها. وحتى وقت قريب، كان تداول الفوركس في سوق العملات مجالا للمؤسسات المالية الكبيرة، والشركات، والمصارف المركزية، وصناديق التحوط، والأفراد الأثرياء للغاية. ظهور الإنترنت قد تغير كل هذا، والآن سيكون من الممكن بالنسبة لك لشراء وبيع العملات باستخدام الثروة مولدات "مرآة الخبراء" طريقة!
تبدأ مع الحد الأدنى للحساب الأدنى تداول العملات في السوق العالمية التجارة 24 ساعة في اليوم، 5 أيام في الأسبوع التجارة مع انخفاض تكاليف المعاملات تحويل الأصول إلى السيولة النقدية مع السيولة العالية الاستفادة من الرافعة المالية كما كنت التجارة.
أنواع التنبيه الفوركس.
فكس التنبيهات النشطة.
فكس أكتيف مثالي لأولئك الذين يحبون سرعة وتيرة أسواق العملات. ومن المتوقع أن تستمر هذه الصفقات بضع ساعات إلى يوم. فكس الصفقات النشطة يمكن أن تصدر في أي وقت من اليوم كما تبادل العملات النشطة في جميع أنحاء العالم 24 ساعة 5 أيام في الأسبوع.
تنبيهات فكس سوينغ.
من المتوقع أن تستمر استراتيجيات فكس سوينغ لبضعة أيام إلى بضعة أسابيع. خبراء السوق لدينا الاستفادة من الظروف الاقتصادية العالمية، والأخبار المقررة والأنماط التقنية لتقديم الاستراتيجيات التي لديها القدرة على التنبؤ أعلى من التحرك في الاتجاه المتوقع.
فكس ماكرو التنبيهات.
فكس ماكرو هي استراتيجيات ذات رؤية أوسع لأسواق العملات. وهي مصممة لتستمر بضعة أسابيع إلى بضعة أشهر لأنها تؤثر في تطوير الشواغل والاتجاهات بسبب الأحداث الجغرافية السياسية.
لا تتكلم الانجليزية ليس هناك أى مشكلة. تنبيهات النشرة الإخبارية لدينا تأتي في ثلاث لغات مختلفة:
الإنجليزية، الإسبانية، واليابانية.
الحصول على الفوركس النشرة التنبيهات التنبيهات اليوم.
انظر خطط العضوية لدينا والبدء في توليد الثروة.
1.888.778.5372 | 10 صباحا - 7 مساء شرقا.
ويلث جينيراتورس ليك 12 سوث 400 ويست سولت ليك سيتي يوتا 84101.
وغ ألمانيا غمب آم كلاجيسماركت 29-30، 30519 هانوفر، جيرماني.
الثروة مولدات ليك هي شركة تابعة مملوكة بالكامل لشركة إنفستفيو (أوتك: إنفو)
هل مولدات الثروة عملية احتيال؟ هذا الاستعراض سوف توفر لك المال.
وكانت مولدات الثروة واحدة من سخونة الامتيازات (متعدد المستويات التسويق) الشركات في عام 2015. أنها جعلت الكثير من الطنانة، وعدوا لجعل الجميع الأغنياء ووقعوا الكثير من الزميلة (المعروف أيضا باسم الموزعين) لتعزيز الأعمال التجارية للآخرين .
إذا كنت تقرأ هذه المشاركة على أمل العثور على معلومات إيجابية عن مولدات الثروة ثم التوقف عن القراءة الآن. اليوم أنا & # 8217؛ ليرة لبنانية تكون الكتابة عن الجانب المظلم من الامتيازات وأنا & # 8217؛ ليرة لبنانية تقاسم بعض التفاصيل حول هذه الشركة المحددة أن الأشخاص المعنيين مع وغ لن ترغب على الإطلاق.
إذا كنت في مدونتي قبل أن تعرف أنني لا أشبه بالأموال المضادة للأموال فقط لأن معظمها (ليس كل شيء) تتحول إلى مخططات هرمية، وسرقة المال من الناس تأثيرا بسهولة. ومع ذلك، منذ أعمل في مجال التسويق، لا أستطيع مساعدة ولكن يتعرض لكثير من الأخبار في هذه الصناعة. هذه هي الطريقة التي جئت عبر آخر واعدة شبكة التسويق الواعدة الشركات، ومولدات الثروة.
أوبديت: ديسمبر 2016.
وتدعي الهيئة الرقابية في كولومبيا (على غرار سيك) أن مولدات الثروة هي نظام هرمي. قامت الإدارة المالية لكولومبيا بتقديم هذه المطالبة ضد الشركة في 16 ديسمبر 2016:
وتمكنت هيئة الرقابة من التحقق من أن الشركة المذكورة تقدم "فوائد" ممثلة في المال، إلى الشركات التابعة التي تلبي متطلبات توظيف المزيد من الناس الذين يساهمون بمواردهم النقدية، وهو المصدر الوحيد للمال الذي يدعم الهرم.
نجاح (مولدات الثروة) يعتمد على توظيف المزيد من المنتسبين الذين يساهمون المال للحفاظ على الهرم المتزايد في التقدم الهندسي.
وذكرت سوبيرينتندنسيا سكان كولومبيا بأن المخططات الهرمية غير قانونية في البلاد، وأن الأشخاص المشاركين في هذه الممارسات معرضون لخطر الانخراط في أنشطة غير مشروعة.
سيداتي وسادتي، هذه هي نقطة التحول.
مولدات الثروة & # 8211؛ الانطباع الأول.
في هذه الحالة حصلت غريبة جدا عن مولدات الثروة بسبب الأشخاص الذين شاركوا فيه. كما ترون، بعض من كبار الناس مبيعاتهم شاركوا أيضا في واكيونو (وون). عملت ون بجد على تجنيد الأبرياء في مخطط هرمها لمدة 5 سنوات. وانتهى الأمر إلى الانهيار (كما يفعل عادة) وبما أن الكثير من الناس كانوا يفقدون المال (82٪ من أعضائهم)، بدأ كبار المجندين مغادرة الشركة، وإلقاء اللوم على الإدارة، وإلقاء اللوم على بعضهم البعض وإلقاء اللوم على الجميع إلى حد كبير على الكوكب باستثناء أنفسهم.
بسرعة إلى الأمام بضعة أشهر قصيرة، وبدأنا نرى نفس الناس الآن تعزيز مولدات الثروة. هؤلاء الباعة لديهم موهبة في إقناع الناس السذج للانضمام إلى شبكة أخرى مفرطة من خلال وعود ثروات لا يصدق والحد الأدنى من العمل (إن وجدت على الإطلاق). إذا سبق لك إخبار أي من مجموعة العمل & # 8220؛ المنتسبين & # 8221؛ أن الأعمال تبدو وكأنها مخطط هرم، فإنها تبدو كل الإهانة وأنها سوف تبدأ الصراخ: & # 8220؛ كيف يمكن أن يكون هرم؟ المخططات الهرمية غير قانونية! & # 8221؛ & # 8230؛ أكثر على ذلك في وقت لاحق.
ما هو مولدات الثروة.
تعمل مجموعة العمل نفسها كخطة & # 8220؛ أثبتت اللياقة البدنية والثروة الشخصية & # 8221 ؛. وتخبرك مقاطع الفيديو الترويجية بأنك لا تحتاج إلى أي خبرة في التداول أو التمويل لهذه المسألة، وأنك تحتاج فقط إلى الاستثمار من ساعة إلى ساعتين في الشهر لتحقيق النجاح المالي. هذا هو العلم الأحمر الأول. هل تعتقد حقا أنك يمكن أن تستثمر 1 ساعة في الشهر والبدء في تداول الفوركس (النقد الأجنبي) وجعل الملايين من الدولارات؟ كبار التجار في وول ستريت تنفق 60-80 ساعة كل أسبوع واحد العمل، ولكن مولدات الثروة يمكن أن تظهر لك كيفية القيام به في 1 ساعة في الشهر & # 8230؛ بشكل جاد؟
لقطة من فيديو وغ الدعائي.
ومع ذلك، إذا كنت تبحث عن أي من قادة الفريق، فإنها لن اقول لكم أي شيء عن التداول على أدوات وغ. وسوف يفسرون أن المال الحقيقي يأتي من بيع عضوية مولدات الثروة لأشخاص آخرين. كلما قمت بتسجيل أعضاء جدد في البرنامج & # 8211؛ لك كسب المال. وهذا هو، سيداتي وسادتي، الهدف الرئيسي لمجموعة العمل & # 8211؛ لتجنيد أكبر عدد ممكن من الأعضاء. لذلك نعم، مولدات الثروة هي شركة متعددة المستويات التسويق. مثل العديد من الشركات المماثلة الأخرى التي أفلست أو حصلت على اسقاطها من قبل فتس، تستخدم مجموعة العمل الخاصة بهم & # 8220؛ الأدوات المالية & # 8221؛ كواجهة لمخطط هرم ممكن. جاءوا مع الواجهة الأمامية & # 8220؛ المنتج & # 8221؛ حتى يتمكنوا من البقاء القانونية في نظر القانون ولكن ربما فاز & # 8217؛ ر طويلا.
ما تحصل داخل مولدات الثروة؟
تقدم مجموعة العمل بعض التدريب الأساسي على الفوركس فضلا عن برنامج الفوركس. كما أنها توفر لك الوصول إلى تاكسيبوت، وهو البرنامج الذي سوف تساعدك على تتبع النفقات والدخل لتسهيل الإقرار الضريبي الخاص بك. كما عرض واكيوبنو تاكسيبوت لأعضائها. الآن تاكس بوت هو برنامج شرعي، مصدقة من قبل مصلحة الضرائب (بقدر ما أعرف) وأنها عادة التجزئة في 19،99 $، كما أنها غالبا ما تذهب للبيع ويمكن أن تحصل عليه مقابل 9.99 $.
يمكنك أيضا الحصول على برنامج تداول العملات الأجنبية. هذا هو المكان الذي يحصل أكثر إثارة للاهتمام. برامجهم يسمح لك للتجارة المال الظاهري (محاكاة) أو هل يمكن أن تبدأ التداول المال الحقيقي، إذا كنت على استعداد للمخاطرة والمخاطر عالية جدا. وقد كان هذا النوع من البرامج في جميع أنحاء ل يارس وأكثر من مرة يمكنك الحصول عليه مجانا تماما. مطوري البرمجيات الفوركس إعطائها مجانا لأنها تجعل عمولة في كل مرة كنت التجارة المال الحقيقي. انهم لا يهتمون إذا فقدت حياتك الادخار أو إذا قمت بتحويل الربح & # 8211؛ بمجرد وضع المال الحقيقي من خلال نظام & # 8211؛ وسوف تكسب عمولة. ربما مولدات الثروة يجعل المال من الصفقات الخاصة بك ربما هم دون & # 8217؛ ر هدفهم الرئيسي بعد كل شيء هو أن يكون لك تسجيل المزيد من الأعضاء في النظام.
الشاغل الرئيسي هنا هو النصائح التي تقدمها لك على التداول. لم أتمكن من العثور على أي دليل على أن مذكرات مجموعة العمل معتمدة من لجنة الأوراق المالية والبورصات الأمريكية (سيك). ومن غير القانوني تقديم أي نوع من المشورة المالية في الولايات المتحدة دون الحصول على شهادة / الموافقة من قبل هيئة الأوراق المالية والسلطات المالية المماثلة في بلدان أخرى. قد یتعرضون للدمار من قبل لجنة الأوراق المالیة والبورصة بمجرد أن تحدد اللجنة ما تقوم بھ مجموعة العمل، ومع ذلك فإنني واثق من أن مجموعة العمل لدیھا محامین جیدین لحمایة أنفسھم (علی الأقل لفترة من الوقت).
اسأل أي تاجر محترف (ومعتمد) عن الفوركس، وسوف اقول لكم خطر مرتفع بشكل لا يصدق وحتى الناس مع 20-30-40 عاما من الخبرة في هذا المجال سوف يوصي عادة ضد تداول العملات الأجنبية كما لا توجد وسيلة للتنبؤ النتيجة .
كيف تكلفة مولدات الثروة؟
وتكلف عضوية مولدات الثروة 129.99 دولارا في الشهر. ومع ذلك عندما تكون & # 8217؛ ليرة لبنانية الانضمام، سيكون من المفيد للغاية أن تدفع أيضا رسوم لمرة واحدة من 249 دولار حتى كنت مؤهلا للحصول على مكافآت مشفرة (ومن ثم الحفاظ على دفع $ 130 الرسم الشهري). ولكن مهلا، إذا كنت تجلب في 3 أعضاء آخرين على استعداد لدفع 130 $ لكل منهما، وغ سوف موجة رسوم عضويتك. رسوم العضوية الخاصة بهم تبقى القفز حولها ولكن في وقت كتابة هذا أن تكلفة الانضمام إلى مجموعة العمل.
ما الذي تحصل عليه مقابل 130 دولارا شهريا؟ A $ 9.99 الضرائب البرمجيات والبرمجيات الحرة تداول العملات الأجنبية. الأهم من ذلك، يمكنك الحصول على حق بيع فرصة وغ إلى أصدقائك وعائلتك والجميع حولها.
مولدات الثروة & # 8211؛ الهرم؟
إذا كنت تعمل مع مولدات الثروة، أنت على الأرجح بالفعل على حافة بعد قراءة هذا بلوق وظيفة. وأنا أعلم أنك تريد ركلة لي في وجه صراخ وغ لا يمكن أن يكون مخطط الهرم لأن مخططات الهرمية غير قانونية، وأنا أفهمك. بيع الأدوات المالية & # 8221؛ & # 8221؛ كمنتج في الواقع لا تجعل وغ شرعي، على الأقل مؤقتا. ومع ذلك، نظرت من خلال المحتوى الذي نشرته مجموعة العمل العليا & # 8217؛ s و رسكو؛ ق كبار الأجراء وأدركت أنهم لا يتحدثون عن الفوركس، أو الاستثمار، أو تاكسيبوت، أو أي شيء آخر بجانب التجنيد. وهم يقومون بتدريب الناس من خلال عرض خطة التعويضات الخاصة بهم وشرح أن المال الحقيقي هو في تسجيل أعضاء جدد لمولدات الثروة.
الثروة مولدات تفسير الفيديو تظهر لنا كيف سوف تحصل على دفع 7 مستوى عميق في النظام (أو الهرم). على سبيل المثال، اشتراكك 3 أشخاص. كل واحد منهم يوقع 3 أشخاص. كل واحد منهم يوقع 3 أشخاص. وهلم جرا لمدة 7 مستويات. هنا هو صورة من الهرم 3 مستوى فقط لتعطيك فكرة.
هذا هو 3 مستويات فقط من هر وغ الذي يذهب 7 مستويات عميقة.
خطة تعويض مولدات الثروة.
فكيف تحصلون على رواتبهم من أجل تسجيل أعضاء جدد في نظام مولدات الثروة؟
وسوف تدفع لك 5 $ لكل الأعضاء النشطين. بالطبع العديد من القيود تنطبق على خطط الشركة والمكافأة ولكن القاعدة العامة هي الحصول على 5 $ لكل عميل. أيضا لديهم هذا الشيء يسمى الأندية. نادي يعني أساسا كنت تحصل على مبلغ مضمون من المال كل شهر. على سبيل المثال، إذا كان لديك 12 شخصا في هرمك دونلين، فستحصل على 500 دولار أمريكي (أو ما يعادل هذا المبلغ بالعملة المحلية) بالإضافة إلى 5 دولارات لكل عضو (إجمالي $ 560). وبطبيعة الحال الناس سوف تسقط خط الخاص بك، وكثير سوف نرى أنه عملية احتيال واستقالة فقط، وسوف تضطر العديد من الآخرين لإنهاء لأنها أرين & # 8217؛ ر صنع واحد واحد بعد لديهم لقضاء 130 $ شهريا على البقاء عضوا. النقطة هي أنك سوف تضطر دائما لدفع هذا & # 8220؛ الفرصة & # 8221؛ على أعضاء جدد من أجل جعل نوع من المال. هذه ليست الأعمال التجارية، وهذا هو العمل الذي يتطلب منك أن خداع الناس في إضاعة المال الذي كسبت بشق الأنفس من خلال وعود لهم ثروات سهلة وغير محدودة.
إذا نظرتم إلى إخلاء المسؤولية عن أرباح مولدات الثروة، فإنهم يذكرون بوضوح ما يلي: & # 8220؛ العديد من مولدات الثروة غير قادرين على كسب أي عمولة & # 8221 ؛. هذا لا ينبغي أن يكون مفاجأة. على الرغم من أن مولدات الثروة لم تنشر بعد تقرير الدخل لأعضائها يمكنك ببساطة النظر في أي تقرير الامتيازات الأخرى للحصول على فكرة عن مستويات الدخل. وحوالي 0.1٪ إلى 0.2٪ من الناس في هذه الشركات سوف تولد 6 أرقام الدخل. نعم، هذا هو المستوى الأعلى جدا من الهرم. أصحاب الشركة وعدد قليل من كبار التوظيف. أقل من 1٪ من الناس سوف تكسب حوالي 6-10k لمدة عام كامل. أكثر من 80٪ من الناس لن تجعل سنت واحد وسوف تفقد فعلا المال. أنا متأكد من أنه & # 8217؛ s لا يختلف مع وغ.
ولكن ماذا عن مولدات الثروة ضمان استعادة الاموال؟
مثل العديد من الشركات الامتيازات الأخرى، يتم تسجيل مولدات الثروة في ولاية يوتا. يعتبر يوتا كما الامتيازات السماء بسبب قوانينها الامتيازات الامتيازات والضرائب منخفضة. بالإضافة إلى ذلك، فإن القوانين في ولاية يوتا تلزم الشركات لتقديم 72 ساعة كامل المبلغ إلى كل زبون. هذا الإطار الزمني هو أكبر بكثير في جميع الدول الأخرى. ثلاثة (3) أيام قد لا تكون كافية لمعظم الناس أن يدركوا انهم يشاركون في عملية احتيال. إذا نظرتم إلى التبرعات التي تلقاها الحزب الجمهوري والديمقراطي في يوتا، فإن أكبر 2-3 شركات تبرع بالأموال هي شركات الامتيازات (أكبر بكثير من مجموعة العمل). وهناك أيضا العديد من أعضاء الكونجرس والنساء في ولاية يوتا الذين يشاركون في شركات الامتيازات وأيدها علنا.
كما وعدت مولدات الثروة برد مبلغ تريبل من رسوم العضوية الخاصة بك إذا فشلت في كسب المال مع برامج الفوركس الخاصة بهم في غضون 6 أشهر. هذا الضمان يبدو مدهش ومغرية جدا. ومع ذلك يجب أن تفهم أن هناك متطلبات محددة جدا ليحق لها استرداد هذا المبلغ. تحتاج إلى إثبات أنك & # 8217؛ كنت تتبع التدريب إلى نقطة (كيف يمكنك إثبات ذلك من أي وقت مضى؟)، وكنت بحاجة إلى تبين لهم أن كنت قد فعلت العدد المطلوب من الصفقات. وغني عن القول إنهم سيجدون سببا وراء عدم استحقاقهم لاسترداد الأموال الثلاثية.
أيضا، فإن معظم الناس الذين سوف يرفضون أن تصبح مجموعة العمل الزميلة وسوف تستخدم فقط البرامج المقدمة لهم إلغاء عضويتهم في غضون شهر أو اثنين، أو ربما حتى ثلاثة أشهر. يدفع الناس رسوم العضوية البالغة 130 دولارا في الشهر، وسوف يدركون أنهم لا يستطيعون تداول العملات الأجنبية، وأن تكسبوت لا يكلف سوى 10 دولارات (عندما يكون البيع). ولكن إذا قمت بإلغاء عضويتك دون التمسك لمدة 6 أشهر كاملة (حوالي 800 $ الاستثمار منك)، وسوف تكون أيضا غير مؤهلة من أي المبالغ المستردة. بهذه البساطة.
كيف هو قانوني؟
وأعتقد أن مولدات الثروة هو نظام هرمي آخر. هناك خط رقيقة جدا وتلاشى بين شرعي نادرة جدا شركات البيع المباشر ومخططات هرم على مستوى ميلتي التسويق التي احتيال الناس. كلما ظهرت الامتيازات الجديدة أنها تحتاج إلى الخروج مع & # 8220؛ المنتج & # 8221؛ من أجل إخفاء هيكلها الرئيسي & # 8211؛ الهرم. فتس (لجنة التجارة الاتحادية) يفهم هذا وغالبا ما أغلقت هذه الشركات لأنها تفهم أن & # 8220؛ المنتج & # 8221؛ أو & # 8220؛ سيرفيس & # 8221؛ عرضت هو زائفة وببساطة بمثابة تمويه. ومع ذلك، فإن البيروقراطية والمحامين مذهلة الذين يتم تعيينهم من قبل الشركات هرم نظام الامتيازات يجعل فتس & # 8217 الصورة وظيفة من الصعب جدا وطويلة الأمد.
في بعض الأحيان يستغرق بضع سنوات ل فتس لمراجعة شركة وإثبات أن الشركة هي في الواقع تعمل مخطط الهرم غير قانوني وليس مشروعا الأعمال. في حين أن التحقيق يستمر، والتجارب الامتيازات تبقي يركض حول الصراخ & # 8220؛ انها & # 8217؛ ليس نظام الهرم، وهذا سيكون غير قانوني! & # 8221 ؛. في وقت سابق من هذا العام تم إيقاف شركة فيما الامتيازات من قبل لجنة التجارة الاتحادية لنفس السبب. ركض ممثلوهم أيضا في دوائر تدعو الناس غبي لعدم فهم فرصة مذهلة من فيما. ومع ذلك، عندما أغلقت فتس عليه لتشغيل نظام الهرم معظم اغتال ممثلين حتى وانتقل إلى نظام آخر الامتيازات (أنا متأكد من أن بعض منهم الآن بفخر تمثل مولدات الثروة).
تعبت من البحث عن وسيلة سهلة لكسب المال؟
هذا & # 821؛ s لأن هناك & # 8217؛ ر طريقة سهلة. يمكنك بالتأكيد بدء الأعمال التجارية الناجحة الخاصة بك على الانترنت ولكن الحصول على استعداد للعمل بجد.
ما هو مستقبل مولدات الثروة؟
حوالي 99٪ من شركات الامتيازات دون & # 8217؛ ر الماضي أكثر من 5-6 سنوات. ويقرر البعض إغلاقها قبل أن تقوم قوات الأمن الانتقالي بإجبارهم على ذلك. وسوف يعلن البعض الإفلاس من أجل تجنب استرداد الأعضاء أو دفع تعويضات (في حين يضحك أصحابها على طول الطريق إلى البنك) وبعضها الآخر سوف يغلق في نهاية المطاف من قبل لجنة التجارة الاتحادية.
هذا بالطبع هو تكهنات من جانبي ولكني أرى أن مجموعة العمل تغلق قبل عام 2018. أسهل طريقة للتنبؤ بنهاية المطاف من الامتيازات هي ببساطة عن طريق اتباع عدد قليل من كبار الموظفين. هؤلاء الناس يعرفون ما هو & # 8217؛ ق الذهاب وهم أول من القفز السفينة.
آمل أن تكونوا قد استمتعت بهذه المشاركة وآمل أن تكونوا قد فقدتم المال من خلال الانضمام إلى مولدات الثروة.
تحقق من توصيتي رقم 1 في التدريب على الأعمال التجارية عبر الإنترنت. ويركز هذا التدريب على التسويق التابعة لها حيث يمكنك تعلم كيفية بناء على الأعمال التجارية عبر الإنترنت مع البرامج التابعة المختلفة مثل الأمازون الزميلة، الشركات التابعة اي تيونز، باي الشركاء وغيرها الكثير.
إذا كان لديك أي تعليقات أو سؤال، يرجى استخدام نموذج التعليق أدناه!
بدء الأعمال التجارية الخاصة بك على الانترنت في 5 أيام فقط!
خطوة خطوة بالطبع. لا خبرة أو المال المطلوب.
يرجى التحقق من بريدك الوارد للتأكيد.
أكره البريد المزعج بقدر ما تفعل. لن تتم مشاركة إرادتك مطلقا.
126 تعليقات.
بلوق ممتازة، لدي صديق جيد جدا تشارك بالفعل في وغ، وقال انه يبيع بالفعل كل من أصدقائه غير المتعلمين لهذا، لكنه بالفعل مضاعفة استثماره الأولي. نصيحتي له الخروج منه في أقرب وقت ممكن مع ما تكسب. إذا كان هو & # 8220؛ الهرم تفقد & # 8221 ؛، هذا هو تجربتي. أليكس ماذا عن تلك الحسابات المصرفية خارج العرض مع حسابات الفائدة المرتفعة أنها تبقي المال، يمكن أن تفلس أيضا؟
مرحبا سوما. يدعي صديقك أنه ضاعف استثماره الأولي، فهل قام بحسابه كم من المال الذي أنفقه حتى الآن، وإذا كان هو مربح فعلا؟ أنا & # 8217؛ كان الأصدقاء الذين ادعوا أنها قدمت حفنة من المال مع أن، هرباليفي وغيرها من الشركات الامتيازات. ومع ذلك لم يتمكن أي منهم من إثبات ذلك. محظوظا حصلت مرة واحدة في غضون بضعة أشهر فقط فقدان بضع مئات من دولارات الولايات المتحدة. الناس أقل حظا عالقة هناك لسنوات، فقدت الآلاف من الدولارات ومعظم أصدقائهم على طول الطريق.
للأسف لم أكن قد سمعت عن & # 8220؛ الحسابات التي تظهر خارج الحساب مع حسابات الفائدة المرتفعة & # 8221؛ أنك & # 8217؛ تذكر حتى أتمكن من & # 8217؛ t حقا التعليق على ذلك.
كانت مولدات الثروة شيئا بو رائع! نحن الآن يجري تداولها علنا في سوق الأسهم، ولقد جعلت أكثر من 700 دولار في الأسبوع الماضي من واحد فقط من منتجاتها.
مرحبا جنيفر. للأسف ليس هناك طريقة بالنسبة لي للتحقق من المطالبات الدخل الخاص بك. وغ تنصل إخلاء المسؤولية من "العديد من مولدات الثروة غير قادرة على كسب أي عمولة".
كما يتم تداول العديد من الحيل الأسهم بيني وغيرها من التداول العام. بعض الغضب للقيام بذلك لسنوات حتى يتم إغلاق أخيرا. ولسوء الحظ، فإن الشركة المتداولة بشكل عام لا تضمن شرعية الشركة.
أفضل النجاح لكم،
الثروة مولدات هي احتيال الامتيازات كبيرة. تذكر عملية احتيال أخرى كان هؤلاء الرجال قيد التشغيل؟ أستيقظ الأن؟ لوغان شيبي هو الرجل الأمامي لعملية احتيال وغ. استعراض وهمية والكثير من التجارب السيئة من المجندين الجدد غير قادرين على الحصول على أموالهم. أي شخص يدافع عن هذه الفضيحة هو مجند يحاول الحصول على المزيد من الناس على متن الطائرة حتى يتمكنوا من استرداد أموالهم الخاصة التي فقدوا في هذه الفضيحة. البقاء بعيدا بعيدا الرجال، وتوفير المال الخاص والاستثمار بذكاء.
شكرا لتقاسم جورج.
أنا غريبة إذا كنت شخصيا خبرة وغ أو هل هذا مجرد رأي؟ أنا أبحث باستمرار عن الأشخاص الذين كانوا أعضاء وغ حتى يتمكنوا من تبادل الخبرات مع جمهوري.
بالنسبة لي يبدو أنك تعرف فقط من نوع واحد من طريقة لكسب المال على الانترنت. شبكة التسويق هو ما يذكر. وجود منتج، وجود الآخرين الانضمام والحصول على تعويض من خلال الشبكة الخاصة بك. الآن أنا لا & # 8217؛ ر نعتقد أن هذا موقع موثوق بها إلى الاعتماد على استعراض خدمات التداول. إذا كنت لا تعرف شيئا عن العالم التجاري ثم أنا بالتأكيد لن & # 8217؛ ر أقترح عليك التعليق على هذا الموضوع. هناك العديد من الاشتراكات الأخرى التي تذهب لنفسها تقريبا أو أكثر بكثير للتنبيهات التجارية عبر الفوركس، والخيارات الثنائية، والأسهم. وهناك الكثير من المتغيرات تذهب إلى اتخاذ قرار بشأن أين تستثمر ذلك لشخص ما إلى الاعتماد على الشخص الذي لا يفعل سوى التسويق التابعة لها هو يضحك. يرجى الناس، وإجراء البحوث الخاصة بك في مكان آخر، واتخاذ قرار بشأن تجربتك، شهية المخاطرة، وكيف دوافع لك لجعل هذا العالم في لقمة العيش بالنسبة لك ولعائلتك. لدي العديد من الأصدقاء الذين هم ناجحون بشكل كبير مع الفوركس والخيارات الثنائية. وهذا لا ينطوي على مجموعة العمل. وغ هو فقط ولكن بداية للمشتركين للحصول على فهم أفضل والمعرفة. أوه أيضا، الفوركس والخيارات الثنائية غير قانونية في بلدان أخرى بسبب السياسة الثقافية والأسباب الديموغرافية الأخرى. فقط لأن شيئا غير قانوني في مكان آخر لا يجعلها وسيلة سيئة لكسب المال في كل مكان. هتافات الله يبارك الجميع مع وفرة، بعد كل شيء نحن هنا لتوفير لعائلاتنا وأنفسنا.
شكرا لتعليقك إبراهيم.
يبدو وكأنك ملاذ & # 8217؛ كان تي فرصة لقراءة بلدي بلوق وتدرك أن لدي العديد من تيارات الدخل المختلفة والتسويق التابعة لها هو واحد فقط منهم. أتمنى لك النجاح مع مجموعة العمل في حين أنها لا تزال حتى وأغلقت من قبل فتس أو سلطة أخرى.
ما رأيك في هذا الموقع على أي حال؟ وأعتقد أنه قد يكون نفس النظام أو شيء ما، أم أنها تبدو شرعية؟
أن نكون صادقين أنا لم يسمع من جيم حتى أستطيع & # 8217؛ تعليق على ذلك. أعطيته نظرة سريعة وليس لدي أي فكرة عما هم & # 8217؛ القيام به في الواقع.
من الواضح حقا كيف واحد سيخلق الوقت من أجل التوصل إلى بلوق هراء مثل هذا فقط لبناء حركة المرور.
يخبرني السيناريو أنك غير متعلمين حقا عندما يأتي إلى نموذج عمل القرن الواحد والعشرين.
لها سخيفة جدا كيف تعرف أفضل من روبرت كيوساكي، روس جاردين، ريتشارد برانسون، بوابات فاتورة، دوبالد ترامب بقية منهم عندما يتعلق الأمر نموذج عمل القرن ال 21 ولكن كنت تحاول البقاء على قيد الحياة معك بلوق عديمة الفائدة ..
أنا مندهش جدا على كيفية إعطاء الناس لك الاستماع الأذن عندما الكتابة يقول لي أن كنت تروج شيئا من اهتمامك عن طريق انتقاد شيء شرعي وصحيح & # 8230؛
لا تنتقد أبدا ما لا تفهمه.
أحصل على. كنت واحدا من هؤلاء الناس الذين كانوا في شركة ملم ولكن كان بائسة جدا وخائفة من أن تصبح شخصا أفضل.
مثل جزء من هؤلاء المستخدمين الذين ينضمون ويريدون البدء في كسب النسيان أن كل نجاح دائم هو عملية التعلم المتشددين.
التعلم يؤدي إلى كسب & # 8230؛.
مولدات الثروة هو أفضل شيء وجدت منذ 1 شهر الآن & # 8230؛
برامج تعمل لعنة !! مثل النار.
حتى أنني أثبتت دفعاتي ..
توظيف أو لا تجنيد أنا جعل دولار جيد من الشركة يوميا. & # 8230؛
فقط الحمقى شك يثبت.
الحفاظ على مع الصفائح الخاصة بك. تضليل الكثير لتأخذك كمدرب لتحقيق اهتمامك.
ما يعمل، يعمل ..
والتعرف على.
الانتقاد أبدا من أي وقت مضى يرتعد أو ظلال ما هو صحيح. فإنه يجعل فقط تألق، يجعلها أفضل وتوسيع & # 8230؛
حتى إذا كنت لا تريد أن تنمو الشركة، والحفاظ على فمك مغلقة !!
هل بحثك أفضل الكاتب.
شكرا لتعليقك ولي العهد.
لسوء الحظ رأيت الكثير من أصدقائي الحصول على حرق من قبل الامتيازات مختلفة على مر السنين لذلك أنا أفهم هذا & # 8220؛ نموذج الأعمال & # 8221؛. حقيقة أن مولدات الثروة يتم تصنيفها الآن (وحظر) في بلدان أخرى لكونها نظام الهرم يقول ما يكفي عن هذه الشركة.
أحب أن أرى النتائج والأرباح من استخدام برنامج وغ. حتى الآن وعد العديد من الناس لإظهار لي برهانهم بعد يختفي الجميع عندما أطلب أن نرى هذه البراهين.
اخيرا وليس اخرا. كان لي خيار عدم نشر تعليقك ولكن قررت أن القراء الآخرين يجب أن نرى تعليق نموذجي من عضو الامتيازات.
أفضل النجاح لكم،
قبل إنشاء المدونات التي تحتوي على نصف الحقائق، سوف يكون جيدا جدا خدم للقيام الواجبات المنزلية الخاصة بك أولا. .. أو ربما كنت & # 8217؛ إعادة استخدامها أيضا في محاولة لجعل المال الخاص بك من قراء بلوق غير المتعلمين الخاص بك. تريد إثبات؟ حسنا هنا هو. انتقل إلى ميفسبوك و اكتب في ريز 2.0. هذا هو واحد فقط من العديد من المنتجات المفيدة تحت مولدات الثروة. الفائدة الشهرية المكتسبة من حسابات الفوركس هي حاليا أعلى من أي وفورات، فحص، سوق المال أو 5yr سد في الولايات المتحدة وأود أن تستمر مع دليل إضافي ولكن أنا حقا لا أعتقد أن بلوق الخاص بك أو تعليقات تستحق وقتي في محاولة لإثبات شخص مخطئ أكثر خطأ!
شكرا لك على التوقف عن طريق وترك تعليق باولا. أنا سعيد لرؤية هذه المشاركة بلوق ضرب الحبل.
إذا كنت قد قرأت المشاركة بالكامل، يجب أن تفهم الشاغل الرئيسي مع مجموعة العمل. انها حقيقة أن معظم أموالهم يتم من خلال مخطط التوظيف مثل الهرم وليس الاستثمارات الفعلية في النقد الاجنبى. سيكون ذلك منطقيا عندما تحصل وغ على غرامة أو إيقاف من قبل فتس أو سيك.
آمل أن يوم واحد كنت أدرك الناس قد قضاء سنوات (حياتهم كلها) دراسة سوق الأسهم وفوركس. وجدت الشركات المالية تريليون دولار الملاذ تعرف أن التجارة هي عالية المخاطر منذ مجموعة العمل وجدت الصيغة السحرية لخلق الثروة يجب أن يكون لهم الاتصال بهم؟ متحدثا عن التعليم كيف تفسر أن معظم المجندين دون & نبسب؛ & نبسب؛ الحصول على درجة التعليم العالي؟ لأنها تجعلك تعتقد أنها عديمة الفائدة؟ أو لأن لديهم صعوبة في تجنيد الناس الذين هم في الواقع المتعلمين؟ أنت شهر في أنا أعرف كيف الاجتماع تذهب من التجربة. الآن أنت تعتقد أنني جزء من 99٪ من العالم الذي & # 8220؛ لا يرى ذلك & # 8221؛ أو أنه ليس رجل أعمال أو أنني لا أريد أن أكون سيئة كما تفعل. عند هذه النقطة كنت قد بدأت لرؤيتك العائلة والأصدقاء كما علامات الدولار & # 8220؛ $ & # 8221؛ وسرعان ما ينتهي بك الأمر تنفير نفسك من لهم. نعم قد تكون جعل 100 باكز من الآن فصاعدا من بضعة آلاف كنت وضعت في هذا هو الشيء الذي يمكن القيام به عن طريق قراءة ببساطة عن التداول عبر الإنترنت. يعلمونك كيف أن القائد صحيح ويؤثر على الآخرين؟ وون & # 8217؛ ر يكون من الأفضل بالنسبة لك لاستخدام المال والطاقة والوقت قادمة خلق شيء جديد؟ مرة أخرى o لو السبب أنا حتى التعليق هو للآخرين لرؤية الواقع وعدم السماح لأنفسهم أن يسيطر عليها الآخرين.
بابلو، حجة جيدة. الشيء الوحيد الذي لا يوافق على أهمية التعليم العالي. أنا & # 8217؛ رأى دكتوراه & # 8217؛ s سقوط ل الامتيازات & # 8217؛ ق وهناك أكثر من ما يكفي من القصص من المدرسة الثانوية المتسربين بناء مليار امبراطوريات الدولار. وأعتقد في هذه الحالة بالذات ما يهم حقا هو الافتقار إلى التعليم المالي أو حتى الفهم الأساسي. وكما ذكرتم، فإن أكبر معلمين ماليين لا يمكنهم أبدا ضمان نوع العوائد التي تعدها مجموعة العمل. كيف هذه ليست العلم الأحمر لمزيد من الناس؟
ثم يأتي الامتيازات جزء، والسبب الحقيقي لماذا وغ موجود. معظم المجندين في الشركات الامتيازات لا تفشل فقط في تحقيق الربح، فإنها في الواقع تخسر المال. في الواقع، 99.6٪ من الناس الذين شاركوا في شركات ضخمة حتى مثل هرباليفي، أوسانا، امواى، نو الجلد والعديد من الآخرين يهدرون أموالهم. هذه الأرقام تأتي مباشرة من فتس بالمناسبة. انها وراء لي لماذا شخص ما سوف تنظر في الانضمام إلى الامتيازات عندما يكون هذا النوع من المعلومات المتاحة.
شكرا لك لوضع هذا هناك اليكس. معرفة العالم المالي وأنا أعرف كم عمل الناس وضعت في تحليل البورصة / النقد الاجنبى / بينيستوك / الخ. لقد حضرت مؤخرا اجتماع مجموعة العمل في لوس أنجلوس حيث أنها لا تثقيف واضح على الجانب المالي لكسب المال ولكن على تجنيد أعضاء آخرين بوضوح الهرم. كان هناك زوجين من الأصدقاء يريدون مني الانضمام ولكن رفضت كما هو واضح الأعمال في انتظار الحصول على اغلاق. التقيت رجل في الاجتماع الذي كان من المفترض أن يكون واحدا من & # 8220؛ قادة & # 8221؛ تذكر اسمه وقليلا من الحفر والبحوث وجدت أنه كان متورطا مع شركة أخرى تسمى فيما التي تم إيقافها قبل بضع سنوات لكونها هرم. يرجى غوغل فيما وقراءة حول كيفية إغلاق هذه الشركة. لقد وجدت الكثير من التشابه بين فيما و وغ الشيء الوحيد المتغير هو أنه بدلا من بيع عصير هو الآن برنامج. آمل حقا أنا & # 8217؛ م الخطأ وهذا يعمل من أجل أصدقائي الذين هم جزء منه ولكن التاريخ والاحتمالات ضدهم. السبب في أنني أكتب هذا لأنهم يجندون أشخاصا متشابهين في العمر ممن هم في وضع ضعيف في حياتهم (طلاب الجامعات / الشباب الذين هم على وشك الانتقال في مرحلة من الحياة ويشعرون بالضياع) ووعدهم بالنجوم يشعرون أنهم يستفيدون من بضعة دولارات كل أسبوعين. وأود أن أكره أن نرى المزيد من هؤلاء الشباب الشباب الأقلية يسهمون القليل من المال لديهم مع أمل كاذب.
بابلو، فمن المؤسف جدا أنهم & # 8217؛ الذهاب بعد الناس الضعفاء الذين ببساطة دون & # 8217؛ ر يعرف أي أفضل.
أنا المدونات حول فيما اغلاق في الماضي.
قبل بضع سنوات كان هناك الامتيازات كبيرة أخرى تسمى إيقاظ الآن. قفزت العديد من كبار وون المستأجرين السفينة عندما جاء الخبر من وون اغلاق. تخمين حيث ذهب هؤلاء التوظيف؟ مولدات الثروة. وأنها سوف تقفز في نهاية المطاف تلك السفينة وكذلك ببساطة الانضمام / فتح نظام الامتيازات الجديدة للحفاظ على حلب داونلين بهم.
شكرا على المعلومات، وأنا & # 8217؛ كنت تدرس الفوركس لبضعة أشهر، وهنا في المكسيك حصلت على دعوة للاشتراك في وغ، ولكن كما شرحت في هذا المنصب، فمن مريب جدا عندما مجرد التبرع & # 8217؛ ر حتى يبدو حقا لكسب الكثير في فكس ولكن بعض منهم يقولون أنها قد كسبت من أشخاص آخرين.
وهذا أمر محزن.
ومن المحزن، وكيف تعمل الأهرامات.
بدأت مجموعة العمل في ديسمبر. أنا لا & # 8217؛ تجنيد. حصلت في الاستثمار، لتكون قادرة على جعل الصفقات. لأنني & # 8217؛ م في كندا لا & # 8217؛ ر يجب أن تجعل جسديا الصفقات. البرنامج يفعل ذلك بالنسبة لي. منذ يناير من عام 2017 لقد جعلت بين 4٪ إلى 5.5٪ شهريا على المال الذي أنا & # 8217؛ وضعت في حسابي التداول. أترك المال في حساب التداول الخاص بي وأحيانا إضافته إليها. على أساس الأشهر الأربعة الماضية ترك أموالي حيث هو في المتوسط 5.5٪ الفائدة المركزة يوميا وسوف تكون غنية جدا في بضع سنوات. أنت تقول لك & # 8217؛ لم يسبق له مثيل برهان. أنا & # 8217؛ د تكون سعيدة لتظهر لك لقطات الشاشة من المبالغ الشهرية أنا & # 8217؛ قدم حتى الآن هذا العام كدليل.
سوف أرعى أي شخص؟ يمكن. أنا قد حصة الفكرة مع عدد قليل من الناس في بعض اليوم، أولئك الذين يرغبون في جعل أكثر من مصلحة 1.45٪ أن البنك يعطي.
ويسرني أن أسمع ذلك & # 8217؛ ق العمل بها بالنسبة لك ونعم، أود أن أرى دليل على 4-5.5٪ من الفائدة الشهرية.
أخذت صورا للإثبات، ولكن لم يكن لديك وسيلة لنشرها هنا حتى إذا كنت تعطيني وسيلة لاظهار لكم أستطيع أن أقول لكم فقط، 1 مارس & # 8211؛ 31 مارس 1000 $ إيداع في حساب فوريكس & # 8211؛ ربح الشهر 75.10 $ من 1 أبريل - 30 أبريل، على نفس نفس المبلغ $ 1000 وديعة & # 8211؛ الربح 75.56 $ و 1 يونيو إلى 10 يونيو (مع إيداع 2000 $ أخرى في الحساب لجعله يصل إلى 3000 $ أودعت من قبل لي في الحساب) & # 8211؛ الربح حتى الآن هذا الشهر 33،21 $.
مرحبا تاباثا. يمكنك تحميل لقطات الشاشة إلى إمغور أو مواقع مماثلة. وأود أيضا أن نرى الأرباح على المدى الطويل (أكثر من 6monts & # 8211؛ 1 سنة).
أيضا أود أن تكون مهتمة في سماع لماذا تحتاج إلى عضوية وغ، ويمكن استخدام أي برنامج التاجر الحرة الأخرى (كما أن هناك الكثير).
مرحبا أليكس، ماذا عن الحصول على مولدات الثروة من إنفستفيو، والآن وغ هو الذهاب العامة لسوق الأوراق المالية. ما رأيك في ذلك؟ هناك أي خلفية مع شركات الامتيازات الأخرى تفعل الشيء نفسه؟
أنا ملاذ & # 8217؛ ر نظرت في إنفستفيو وليس لديهم رأي حول هذا في الوقت الراهن.
ما أنا & # 8217؛ d أحب أن أذكركم هي الشركة تسمى إنرون. وغالبا ما يشار إليها بأنها واحدة من أكبر الحيل في تاريخ الولايات المتحدة مؤخرا. وتسببت مخزوناتهم في خسارة 78 مليار دولار للمستثمرين وفقد الكثير من الناس مدخراتهم في الحياة وصناديق التقاعد والمنازل وما إلى ذلك. فقط لأن الشركة يتم تداولها علنا لا يعني بالضرورة أن كل شيء شرعي.
أنا غريبة ماذا مولدات الثروة لها علاقة مع إنرون. منذ تلك الأيام كان هناك قانون مثل قانون ساربينز أوكسلي وغيرها من الوكالات الحكومية الفاشلة التي تنظم هذه الأنواع من الشركات بشكل كبير. لقد فعلت البحوث الشخصية في هذه الشركة والعثور على أي خطأ حقيقي فيها. كما أنها يتم تداولها علنا ولها تصنيف A + مع بب لأكثر من 4 سنوات. أفضل من معظم البنوك في أمريكا.
لذلك قبل أن تبدأ بلوق وخداع الناس تفعل سيدي البحث الخاص بك & # 8230؛.
وكانت الإشارة إلى إنرون مجرد إثبات نقطة أنه حتى شركة ضخمة موثوق بها من قبل الملايين يمكن أن تكون عملية احتيال. بالتأكيد كانت هناك لوائح جديدة وأضاف. ومع ذلك، فإن العديد من شركات التجارة العامة لا تزال تحصل على غرامة وإغلاق باستمرار. يستغرق الأمر بعض الوقت لإثبات خطأ في الشركة، وأحيانا يستغرق سنوات. لذا فإن الحقيقة البسيطة هي أنه & # 8221؛ & # 8220؛ هناك & # 8221؛ لا يثبت في الواقع الشرعية.
لسوء الحظ إشارة بب الخاص بك هو أيضا من أي مساعدة. يأتي هذا الشيء التالي من تايم:
& # 8220؛ وأظهر التحقيق ممارسات الابتزاز من نوع المطبقة على الشركات المحلية: تلك التي دفعت المستحقات السنوية ل بب تم تسليم الاعتماد و A تصنيفات، في حين أن تلك التي لم يلعب جنبا إلى جنب أعطيت درجات فرعية، حتى لو لم تكن تلقت شكاوى. & # 8221؛
يتم تحقيق تصنيف A + على بب ببساطة عن طريق دفع رسوم عضوية بب & # 8217. إنه & # 8217؛ s بسيطة مثل ذلك.
كل التوفيق لك،
يرجى أنا سوف تريد أن تعرف المزيد عن تسك (التجارة عملة النادي) كيف الحقيقي هو العمل أو هو عملية احتيال. هل الشركة مسجلة في الولايات المتحدة الأمريكية لتتداول فعليا على القطع النقدية مثل بيتكوين والباقي.
أنا ملاذ & # 8217؛ سمعت من التجارة كوين نادي وأنا سوف ننظر في الأمر.
From a quick look it seems like TCC doesn’t have a good reputation so I would recommend not giving them any money before doing more research.
The company also seems to be registered in Belize (offshore) and not in the US.
You are an angel. Please do keep up the good work.
I would like to become more familiar on how to make.
some legitimate income and the affiliate marketing sounds good. Been pondering over how it is does.
I had been approached by some individuals who call themselves legitimate.
I am happy to hear you found this post helpful Lisa.
A little while ago I did a very detailed explanation on Affiliate Marketing model, feel free to check it out here.
Very int resting reading all the comments and seeing some refer to Wealth Generators as a Pyramid Scheme. So what is a pyramid – it is where one at the top makes all the money or takes the decisions. Every business is therefore a pyramid and even the US Government with the President at the top of a team which goes down through the ranks to the people.
I was happy to join Wealth Generators and being in UK was able to open an FX Multiplier account which has generated 3.4% monthly over 8 months. This definitely beats what I’d get in a bank.
Wilson a pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
Any regular business doesn’t recruit it’s buyers asking them to recruit multiple layers inside the same business. Besides, you end up with a product that you actually need and use. How many WG members actually use the (useless) FX Multiplier? Pretty much none. WG members make money by selling the dream to new members who in their turn sell the same dreams to even more people. Hence the pyramid.
The good thing is that WG is starting to get shut down in some countries. It might take longer for UK and US but it will happen soon enough.
Wealth Generators is not a pyramid scheme, it is a legal MLM. And so whatc if I have to recruit 2 new people every week? You have to go to work everyday, what’s the damn difference.
This is precisely the difference. When you go to work you just do the work, you don’t need to recruit any paying members in orders to make money (off of them). That being said, I haven’t had a job since 2007 because I’ve been making a full time income online. A real business makes money off of a product and not from new paying members from the “downline”. I have yet to see a single WG member who can show they are personally making bank from WG’s products and not from recruiting. وهناك سبب لذلك.
Blogs are good tools for people. Better when clear and informed. Is recruitment a requirement of WG… or another form of potential income if somebody wants to explore that?
Doesn’t every investment have risk and should that be disclosed clearly? Does WG hold people’s money or is it deposited into reputable brokerage accounts outside of WG?
I have personally seen the multiplier and it has performed better than any bank.
Are you aware that WG is part of a public Co now? Time will tell and always keep a close eye on any investment.
Blogs are good but should be checked and verified just like the companies they look at.
All members are highly encouraged to recruit. In fact many “top-recruiters” within WG will explain that the real money comes from recruiting new members and not from using FX Multiplier.
Every investment has a risk and there is no way to guarantee a profit of any kind. WG reps often claim incredible profits however they aren’t able to back these claims. As far as I know WG says that recruiters shouldn’t make any kind of monetary promises but they don’t really enforce or control the recruiters.
The money that people deposit go through the brokers. I have not been able to find any proof that these brokers are certified. Many online “brokers” are not certified and several are simply illegal. However they exist simply because it’s incredibly hard to control that online.
You also claim that you have personally seen the multiplier performance. Have you seen some “graphs” from a recruiter or are these your personal results with your own money? I am asking this because I have been approached by several Wealth Generators reps and they all say how they have “seen amazing results” however none of them was able to show me their own results… strange, isn’t it?
They are live in 74 countries and just added crypto mining to their product line. I too used their A. I. driven Forex trading platform and have earned about %3 monthly return. They are also monitored by a 3rd party. Just saying. Their not getting shut down in any countries. Just launched in PNG. Also, Vemma didn’t get shut down, they were investigated and was allowed to stay open.
Once again, the number of countries in which an MLM operates does not mean anything. I can build a blog in 5 minutes and agree to take orders from 150 countries – does that mean my business is credible and honest?
Please do let me know who is that “3rd party” that monitors WG. انا فضولي.
You are right about Vemma tho. They aren’t completely shut down. However after they agreed to restructure the company in order to get rid of the illegal pyramid scheme aspect they had going on a few things changed. According to TruthInAdvertising. org here are just a few changes that Vemma went through:
After the FTC action, Vemma, which was once operating in 50 countries and boasted $200 million in sales, shut down operations worldwide . Last fall Vemma Europe, which was under legal scrutiny in several countries, went into liquidation. The company is now operating only in the U. S. and Canada.
The June convention themed “Rise Up” held at the company’s Tempe headquarters had a “zero” budget and drew a crowd of just 200 in sharp contrast to Vemma’s 2014 convention, which nearly 8,000 members attended.
Vemma’s top distributors, including Alkazin, his wife Bethany (who was also named in the FTC complaint as a relief defendant) and their son Brad — a leader in the Vemma YPR movement — have moved on to other ventures.
Alex Morton, also a key leader in Vemma’s YPR movement, left to join Florida-based Jeunesse Global on the eve of the FTC action. He is now facing pyramid scheme and racketeering allegations . A class-action lawsuit suit filed in federal court in Arizona alleges, among other things, that Morton entered into a secret lucrative deal to join the Jeunesse skin care MLM at a top level and bring his team.
Anthony Powell, whose move from Herbalife to Vemma with his team was heralded with much fanfare, has also left Vemma and started his own MLM .
In short, it means that once they got rid of the pyramid aspect the whole business went down and it seems like it’s only getting worse. No surprise there, a pyramid scheme can’t be profitable once you take away the pyramid aspect from it.
I want you thank you very much for this article. A coworker of mine is trying to get me to join WG, but when he started to talk it immediately made me think of a pyramid scheme. شكرا جزيلا!
Always trust your instincts people. Even when saying “no” would probably make it a little awkward in the workplace (for me), at least I didn’t lose time and money.
Hi Karen, I am happy to hear you found this article helpful.
It is “uncomfortable” to simply say no in certain situations but it needs to be done. You can simply say you’re into too many projects and simply do not have the time for it.
Whenever I am approached by an offer such as this one I often ask for proof. Since the rep is promising I’ll make loads of money I simply ask to see their account so I could understand better if it’s for me. Every single rep failed to show me such proof. They all claim that they aren’t making money yet but the upline of their upline is super rich. Another thing I do sometimes is ask them to pay for my membership and I’ll reimburse them since I am guaranteed to make money. Well guess what, they aren’t excited about that idea either. No wonder…
Thank you so much for writing this. I literally was about to join WG and decided to do more reading and came across this blog.
No chance that I’m joining now.
I am glad to hear you found this article Emile.
Hey interesting review. What do you think of Amway?
I remember looking at Amway earnings disclaimers where over 90% of their distributors didn’t make any money and most actually lost money.
There is a very simple explanation of the industry in this famous video: Multi Level Marketing Enjoy 😉
Man Alex I thank you for your honesty and due diligence. I am currently joined in Amway and WG and feel like I’ve got duped.
I think it’s rather clear from my posts that I dislike the idea of MLMs in general. Even when an MLM company is 100% legit, their products are often overpriced and extremely hard to sell.
For example I do use some products from Yves Rocher – because they are of great quality and very reasonable price. Yves Rocher started as a mail order company however for many years now they have lots of physical stores retailing the products. And I do not need to become a “distributor” in order to be able to buy from them. I believe any legit company with great products allows the sale of these products through regular retail channels. If a product cannot be easily purchased by normal customers then there is something fishy going on.
Hello again alex. Daniel here once more. Btw thanx on ur response. تساعد. So my buddy contacted me and we talked some numbers. When he asked how long am I gonna stay in the workforce, I told him I’m looking to exit in about 11yrs. So he send me a screen shot I guess from his accelerator thingy-ma-bob and here’s what he came up with.
Principal amount: 2,000.
Monthly addition: 150.
Duration: 11 yrs.
Interest rate: 60%
Inflation rate: 0%
What can u tell me about these numbers? I mean 900K in 11 yrs? You’re right the whole world would jump on those numbers. But are those figures even possible? What are they counting on to happen, or not happen, for that matter to reach the 900K? Again, thanx for any insight u may have on this. And I’d like to end this comment with: what kind of advise can u give me as to who, where or what I can invest in to get the maximum return of my money by the end of my 11yrs left working? In a 401k or IRA? Or elsewhere? Thanx again.
Daniel, as you mention yourself, 900k in 11 years for such a low investment is impossible.
If you want real numbers you should consult a reputable (and certified) financial adviser. Preferably one that earns commissions on your profit rather than on your initial investment. The truth is that your “buddy” only wants to recruit you into WG because he’ll make money off of your membership fee. Ask him to show you proof that he’s making 60% interest. He will fail to do so but he’ll tell you that the sponsor of his sponsor is making even more than that. It’s always “someone who knows someone” but there are never proofs of that.
And you’re wondering what are they counting on. They are counting on your money, because that’s all they want. They’re also counting to lure you in to become their promoter as they know you won’t make money with “accelerator” or whatever they call it these days. One thing I can tell you for sure, 11 years from now Wealth Generators will not exist. I am rather sure they’ll shut down in less than 5 years from now.
مرحبا. I’m currently being recruited by a WG “employee”. He says they’ve got a “phenomenal” 4yr track record with 25% ROI(return on investment) with their hands free trading system. Can u elaborate any on this? Here’s an exerpt of our conversation when I asked him about hands free trading:
Hands free is you basically put your money in your own brokerage account & set up what’s called our accelerator & انسى ذلك. lol your able to look at your phone & see what trades you’re in, profits & loses.. we are looking to make our equity/ stock market hands free soon that pulled in 88% ROI last year?
Care to elaborate on that as well? Thanx for any advise u can share.
The very first thing you must always remember when it comes to trading: There are no guarantees in trading. One simply cannot predict the market, ever. If a 25% ROI was guaranteed in anything, the whole world would be in it. Wall Street traders with amazing track records and 20-30 years of experience can’t even guarantee an ROI, let alone such high ROI. If you spend enough time researching this information you’ll find that it’s against SEC’s rules to guarantee an ROI in trading since it’s impossible to do.
The following information comes directly from Wealth Generators website:
“WG does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse in any way, the views, opinions expressed in the Information, does not give investment advice, and does not advocate the purchase or sale of any security or investment by you or any other individual. & # 8221؛
This bit is also very interesting:
“Because Independent Wealth Generators do not have the data necessary to comply with the legal requirements for making income claims, a Generator, when presenting or discussing the Wealth Generators opportunity or Bonus Plan to a prospective Generator, may not make income projections, income claims, or disclose his or her Wealth Generators income (including, but not limited to, the showing of checks, copies of checks, bank statements,
notices, electronic records, income system messages or tax records).”
Think about that,
Hey folks! If you missed it, there is an important update about Wealth Generators.
Colombia’s Superintendencia Financiera regulatory body (similar to SEC), claims that the Wealth Generators is a pyramid scheme. The Financial Superintendence of Colombia made this claim against the company on December 16th 2016.
It seems like it’s the beginning of the end.
What does this exactly mean? And the Colombia’s Superintendencia Financiera regulatory body, what type of powers do they hold?? في صحتك.
I imagine you are referring to the latest update on Wealth Generators? If so, it means that Superintendencia has accused WG of being an illegal pyramid scheme. Superintendencia is Colombia’s equivalent US Securities and Exchange Commission (SEC). They don’t have the power to shut a company down but they can and often do take the companies to court. Here is an example of how SEC works.
Thank you for your article and your discernment on the pyramid! This world needs more men who will lay the truth out. شكرًا لك مرة أخرى!
Interesting Blog and I learned a lot from this. Thank you so much Alex.
Thanks for reading Mar!
Thanks Alex for the Info. I nearly signed onto WG. Thanks for the eye opener. I was purposely invited to be a distributor and be recruiting people to get on board.
Stay away mate and dont advise anyone or recommend WG to anyone EVER! I am still with them and if you read down you can see what happened. Long story short a month ago I accepted a offer from one of the brokers, which was that they would double my money but I was not allowed to touch it until January 2017! However, what was not clearly explained and nor did anyone else explain (Inluding head distributors and recruiters who apparently have the knowledge) that my money would be required to do a certain number of trades. When I did the math based on what I had deposited againts the ratio being used to trade the money I realised I would need to wait atleast 2 years until I can touch my money. This was all after their so called master product The FX Simplifier caused us new comers to loose nearly 60% of our money within 3 weeks. As you can imagine I was infuriated and contacted the broker to pull my money who said yes I could but minus what they doubled it by! So now what WG are doing is trying to reqtify this massive loss they caused people by making a few tweaks and adjustments to the FX Simplifier, but this is extremly slow and I am simply holding tight until my money hopefully goes back to what it was!(so far not even close to 10% of my loss has been returned) And due to the loss people are pulling out, so people I had underneath me which were covering the £199 dollars a month charge are leaving which means I now have to pay that every month until I find 2 people. How can I possibly sell a product/service that has left such a bad taste and what am I supposed to sell to people? That…oh I joined but I lost money straight away but hey come join us anyway as you should think posative etc etc. They sold me a product that was supposed to do 4-6 trades a day, NOW its is doing 3-4 A WEEK! The founders apologised but never offered any compensation, I looked further and found non of the brokers were being properly regulated! Yet all this time all the recruiters in the group we are part of on whatsapp were leaving messages and saying oh its just a bad patch and making people feel bad if they left saying ‘oh you dont have a investers mind set, your weak, you have no belief etc’ YEAH they were worried that they would loose out on income due to people leaving because thats how the recruiters make there money! Shameful and disgusting tactics! God Lord I can go on and on and mention sooooo much more that I have missed out but to anyone who reads this I IMPLORE YOU DO NOT JOIN WG. (by the way I am so far £1000 dollars out of pocket within 2 months)
Thanks a lot for this blog much appreciated. I agree with few of the positive comments about MLM companies left in your comments section since it’s a fact if you put your time and you work towards your goal to have a residual or/and passive income generated by selling products on-line or recruiting people who sell their products gaining a percentage of their commission, then you’ll be successful. I’ve tried in the past a probably legit company and I failed due to my lack of effort and my unwillingness to bring others on board but definitely if many people make a living or a fortune out of those business it means it works.
Said that I’ve been yesterday to a WG presentation and in fairness they never mentioned 1-2 hours a month….but NO HOURS at all (??) as there is a team of 10 experts (why 10? who are those guys? how they do it? where are they?) that trade for you to pretty much double up your money each year, at a rate of approx 6% a month. Now not even the best traders in the world can promise a 6% monthly rate and especially in the forex market which is highly volatile. The 98% of the presentation wasn’t about markets and investments but purely recruiting somebody’s else that on the long term would produce a monthly income for you. At the end of the presentation I started my questions.
1) How can they trade on your account in your behalf across thousands people?
Answer: that’s their secret (. )
2) How long have you been in this business?
Answer: 8 weeks (. – bit short time to present it with such enthusiasm)
3) If the product you describe is soooo good that will make your initial investment (he produced calcs based on 1000$) grow to a bit more than 1,000,000 in 10 years are you investing real money in it?
Q: when did you start?
Answer: (remember he’s been in the business for 8 weeks)eh..mh.. I started 4 days ago (he said it after serious hesitation which means he prob never started)
4) when I asked about the reimbursement obviously the criteria were extremely vague (you need at least to be in the 90% of the trades…ok which trades? A: the trades those experts do (. )
I was introduced to it by a friend who joined. Did it put money in the investments? A: no I have a demo account (a demo account in a demo environment always performs well)I asked him to put real money in it and show me after few months the incredible results of this investments. So let’s see.
Then I went home I found your blog and learned of the 5/6 years business cycle of those companies. WG has been in the business for 3 years as they said…so still early to consider it legit and reliable.
Sorry for my digression, hope this helps other people that do not understand much about investing to raise red flags when they come across companies promising a massive wealth without any knowledge.
Roberto, thanks for leaving such detailed comment.
As you have explained, the main business model of Wealth Generators is recruiting more recruiters into WG. “Trading” is a product they need to offer in order to seem as a legitimate company and not as a pyramid scheme. However, members who join WG because they actually want to trade get disappointed fast. Most people who recruit new members couldn’t care less about trading because they do not trade anything, they make money by signing up new members… and the circle goes on.
By the way, they might have removed the video presentation from their website but it’s still on their Youtube channel: Wealth Generators Intro.
That used to be their main promo video and this is where they promise that you’ll be making loads of money with only 1-2 hours of work per month and NO experience in trading.
Thanks for this review, based on what you have written alot has changed in WG over the last year. I joined 2 months ago and have all ready lost alot of money alongside a few friends who joined. They sold me a product or service (FX Simplifier) that simply didnt do what it was supposed to do and made us all loose money. They simply stopped that service admitted they were wrong about it and simply told us to concentrate on another service which they offer which is Daily Trade Alerts! Not just this but SO SO SO many other issues I have had from the start I simply could not curse the company enough! If anyone is thinking of joining my advise is PLEASE DO NOT waste your time money and effort. I am extremely disappointed in myself that I even considered joining and fell for this Ponzy Scheme.
It is unfortunate to hear that you have joined WG with high hopes and got what you got. It always sucks to be sold a dream to only realize it’s all fake.
As I mention in the review, they will provide FX Simplifier or any other software/system simply to make the company seem legit while the FTC does its job proving the pyramid scheme.
They don’t care if their systems work or don’t because the only money they really make is by recruiting new paying members who will recruit more members.
You have to admit these folks are great sales people since they’re able to lure new clients in.
Am so happy to have come across this blog today. I was invited to one of their presentations today here in Nigeria and I was considering joining WG before I saw this blog. Thank you mr alex for saving me.
I don’t get it..if the top dogs are truly into stocks why don’t they actually sit back and really use the stock market to profit and help other people progit…is it easier to sell a dream than to profit off of stocks….
Exactly that. They aren’t making millions with stocks, they are making millions by selling access to WG to others. Then they tell their “customers” that the real money is in recruiting more paid members and not in the actual stock market. This is why it’s called an MLM.
Hey, what do you think about USANA? Very interesting your review.
I haven’t had any experience with Usana. However a quick Google Search reveals some very dark details. One of them being a class action suit against USANA:
A lawsuit seeking class action status has been filed in California State Court on behalf of thousands of individuals who became “Associates” (distributors) of USANA Health Sciences Inc. … The plaintiffs accuse USANA and several of its officers and directors of fraud and deception. Among other things, the suit alleges USANA (a) exaggerated the business opportunity, (b) failed to disclose that 87% of active distributors were losing money,…and (d) basically operated a pyramid scheme requiring a constant churn in its sales force. The lawsuit seeks damages for distributors left with thousands of dollars of losses each after paying for business “kits” and products they say they couldn’t sell. Earlier this year, similar class-action suits were filed on behalf of shareholders.
I’d suggest doing more a lot of research whenever you want to join a “business opportunity” especially in the MLM industry.
Its quite obvious you dislike M. L.M. but i have been involved in M. L.M. since 1989 and have been very successful but i did not making millions from it and the reason for that is i did not put enough of effort into it .
Now i am involved in Wealth Generators and i am making money from my investments and i also am making money from my network and i also have got incredible value from my learning modules and training and its not just $10 taxbot you get its a lot more that that.
This probably wont be edited because its true and you wont want people to understand why you put up posts in the first place but every post like this have a purpose and yours is to run down M. L.M. in general and at the end you will promote your own agenda which seems here to be Affilate marketing .
I would like you to discuss the names and credibility of the people behind W. G and tell people about all the packages you get when you join W. G you only seem to discuss the negatives no positives and there is a lot of positives PRINT THIS.
Thanks for leaving a comment. By the way, posting your comment once is good enough, no need to post it 4 times.
I am very happy to hear that you don’t fall within the 80%+ of MLM distributors who lose money with MLM. Hopefully you’re in that 1% that make more than $6,000 per year.
And yes, I dislike the MLM model and I do in fact make it rather obvious in this blog. Great observation!
By the way, have you seen the latest episode of LastWeekTonight with John Oliver? It’s a great one, you should check it out. Enjoy 😉
What’s your opinion of primerica? I recently joined it an just got told to join WG from my friend.
I’ve heard of Primerica, I knew people who were in it for a while (and tried to get me into it), most of them eventually quit that company.
In general I dislike the MLM business and naturally I suggest against it. I am sure there are some honest and good MLM companies but it isn’t my cup of tea. I prefer building a business that can generate an income without me constantly trying to recruit new members in my downline.
Hi Alex, do you always erase peoples comments when they state a valid fact that you dont agree with?
No. Comments are automatically deleted if they use profanity or insults or if they promote a product irrelevant to the post. You wouldn’t believe how much spam comments a website could get.
I approved this comment in order to answer it but usually irrelevant comments do not pass the moderation.
There are some good companies out there. When picking a company you need to be passionate bout the product, does it appeal to all types of people, is it a stable company, is it the next trend in business, etc. You can always check direct selling news for info on probably most of the network marketing companies. If you are looking at other companies let me know and would be glad to help.
Hi, I am actually in Wealth Generators, and I learned a lot there…
1.They have an app full of videos, articles and material about financial education and about trader.
2.They have live sessions whit experts about financial education and PIP ROOMS, where I can be in touch with the professionals traders who send to WG the information about when and where inverts the money into Forex and make my own questions…
3.Wealth Generators send the expert’s information to you, call it “Alerts”, across you member acount, so you can sell and buy in forex exchange market and start to generated money without know exacttly what are you doing while you start to understand how to do it by yurself…
4…and i never see that about 1-2 hours per month! Maybe somebody say that for enrroll but if you go into wealthgenerators can be shure about is not like you say it.
5.English is not my lenguage 😉
أتمنى لك يوماً عظيماً!
Hi Natalia, English is my 4th language so we’re on the same page here 😉
Since WG is so great, how much money have you been able to generate through their “Alerts” is it’s not a secret?
And the promise of No Experience and only 1-2 hours per month is in their intro video. The video has now been removed from their website however it is still on their official Youtube channel, here it is:
I am a successful business person – led a start up to $25M in traditional business model and am now in another MLM and totally believe in the business model if approached professionally and vetted properly. There are some great MLM opportunities and 90% of people fail as in traditional startups. It’s not always the fault of overhype. It’s usually that people get sold as a get rich quick scheme. This is not the fault of MLM but people too willing to pray on people with “dumb money.” Regarding WG, I tried it just for trading and lost money. If you can be available to every trade alert, you can do well. However, if you miss an exit, you can get creamed as I did. They have a Forex system that so far has lost money. Over time, they may get the kinks out, but my guess is their retention rate is in the pits which means members only make money if from enrollments and enrollments of enrollments.
Conclusion: Don’t avoid MLM because of this one and “one of those” should not apply to all MLM’s, but do avoid this one.
Thanks for your feedback Alim.
As I mention in the review there are a few legit MLM companies that actually make most of their income from selling their product rather than recruiting. Unfortunately those are so few they’re pretty much unicorns.
I do agree with you that most of these programs lure people in with crazy promises of easy riches. Like WG states: No Experience Required, Only 1-2 Hours Per Month… and you will be rich. It’s so sad that people don’t raise a red flag right here.
And Forex is another story. Money can certainly be made bit it could be lost even faster and easier. Trading always has a risk and in my opinion trading foreign currencies is pretty high risk.
Thanks for this information and could you please share the names of some of the legitimate company’s that require selling a product that one could maybe consider.
Vegas, pretty much any big retailer online gives you an opportunity to promote their products and receive a commission per sale. For example: Amazon, eBay, Walmart, Toys R Us… and the best thing? They do not charge you a single penny to become their affiliate. Find their “affiliate” or “associate” link, join in for free and get to work 😉
I was offered this today here in Venezuela, thank God I googled it and found your article. I feel like I’ve dodged a bullet 😀 Thank you so much, Alex.
Soliana, I am happy to hear you found this post helpful.
I am in WG, thinking of leaving because the FX Simplifier has proven to be financially detrimental since I started. Yet still, I do not believe this company is a total scam full of evil people trying to trick you into draining your life savings etc.
I appreciate the bluntness with which this review is written. However, you ignore the simple acknowledgement that the people at the top of these companies worked their balls off for their success. Most people who say they want success simply aren’t willing to do what it takes. That only 3% succeed in this industry does not mean it is a scam. It means that 97% either just don’t want it badly enough or realize that it’s not for them, as I have.
Are there dishonest people who use unethical sales tactics to get recruits? Duh of course there are. That is not WG’s fault.
MLM does not equal scam. It is hard work though and you either love love love it or you don’t. That being said, with this company in particular, there are many kinks to be ironed out where the trade signals are concerned but that’s about it.
Thanks for such a detailed comment.
I don’t doubt that people at the top of Wealth Generators work very hard however their income is not generated by trading FOREX but rather by recruiting a constant flow of new paying members into WG.
This is the real problem here. Another disturbing factor about WG is their promise that you will make money with NO experience and investing only 1-2 hours per month! That’s completely ridiculous and.
unfortunately it lures people in. An honest company wouldn’t make such claims as we all know it’s impossible to get rich by doing nothing.
Someone invited me to join WG today, being a sharp person, as soon as I checked out their website it smelled fishy and I instantly realized it was “another one of those”.
Great blog and thank you for spelling it out for the public to see, you have just saved so many people from getting robbed.
Naturally the thieves are going to hate you, just like those trolling comments up there “Oh hey I made so much money or he/she made so much money”, if I’m making so much money I would keep my mouth shut and keep making so much money!
I thank you for taking the heat for the rest of us, Alex!
Thank for reading Louis. There are a lot of opportunities online that will allow you to make good money. A lot of these aren’t a secret but you’ll need to work hard to get to an interesting level of income. However, it’s sad that people fall for claims such as “make a bunch of money by working just 2 hours a month”…
Sooo let’s say I join WG and I start making money. What happen if the company gets shout down or bankrupt? Can I lose the money I supposedly earned?
Gabriel, it really depends on what happens and hot it happens. Many MLM companies that went bankrupt did not pay out their distributors because well, they had no money. If a company gets shut down by SEC or any other authority, they will try to reimburse the investors but often it doesn’t happen.
Great article Alex.
What is your opinion on Amway?
Juan, when it comes to MLM, I think there are very very few legit opportunities to make money, however those unicorns do exist. However, personally I would not touch any MLM, let it be Amway, Herbalife, ACN, Tupperware or anything else. It’s a personal choice.
Hi today 2 friends invited me to participate in WG program, I have watched on their facebook page that they have made per week 800 USD, But let me tell you something First I´m from a town in Mexico City call Queretáro and YES this type of program is now in here and is getting really popular they even have metting and all that stuff in really nice hotel and beaches, I´m really curios about this becouse, one of them a friend from college quit his job and seem to be doing great, but now that read this i´m felling insecure about this, can you explain to me how are they making money if they are only 5 PPL, how are they winning that kind of money if they are only 5.
As all the people I want to make more money, I would like to have my own business as anyone and I´m about to join in so can you please help me and explain to me sorry for the lenguage but.
HOW THE HELL ARE THEY MAKING THAT KIND OF MONEY?.
I just run with you blog awesome to read about this and more been from a different country.
First of all, have you seen the money that they earned or are they just talking about it? Every time I am approached by A Wealth Generators recruiter they promise me awesome results. When I ask them to show me proof of the money they made, they usually say something like: “Well I personally didn’t make that money yet but this guy who got me into WG did, you have to believe him” blah blah blah.
Another thing to think about: if your friend is the very first one to get people into WG in your group, he will be making commissions on all of your membership fees – that’s how he will earn money, by building a pyramid and calling it a business. Google “Wake Up Now” or “MonaVie”, “FHTM”… Herbalife is currently being investigated by the FTC, SEC, and DOJ…
Hey ?, good morning Alex. I enjoyed your blog it made a lot of sense. Recently I joined wealth generators and I sent an back stating that I wanted to get out. They have this 10 day policy where I could get out with any penalty. I read their terms and conditions and realized this wasn’t for me. Everything sounded to good to be true. Now they sent me an stating they would refund my money and they wouldn’t take any monthly costs out my account. If this is true great and if I isn’t what should I do?
As you said, if they refund you and stop charging you – عظيم! Keep me updated on this 😉
The 10 day policy you mention is probably state specific as every state (and country) have different laws and regulations.
However if they do not stop billing you and do not refund you, you can probably contact your bank and explain the situation. I have noticed certain people getting some kind of arrangement from WG after doing a complaint on BBB. In any case, good luck to you.
I know two people who are in WG and they both make money through trade and people on their team also make money through. All young people around the ages of 21 and 20. Some even $1200 just from one trade and sometimes $900, one guy even made $1400 on just one trade. Yes they do make residual money too from bringing people in that’s true. But it’s not the only way they make money.
I have been approached by several WG reps on Facebook, through and even through this blog. Somehow, everyone know someone who knows someone who makes money. Yet the people who praise the “successful ones” always seem to have an excuse: “I just started 3 months ago, I haven’t worked on it yet, I am still learning…”. I have met people making 7 figures per month developing apps, that doesn’t mean I can do it and I see no point talking about what “a friend of a friend of my cousin’s grandmother’s dog” earns. See where I’m going with this?
COMMENT FROM WG VIA BBB BETTER BUSINESS BUREAU IN REPLY TO 1 NEGATIVE REVIEW “Comment from the Business This customer was with us for a little over a month and was fully refunded due to his dissatisfaction. We explain to all our members that trading requires a long term commitment and we ask for our results to be reviewed over a 6 month period. Our trade results remain profitable and fully reported to all our members, each and every trade. Our members can see our full trade history and results at all times. It is unfortunate that this client was dissatisfied but we honored his request for refund immediately without issue. by on 3/14/2016”
So why do they claim “No Experience Required! Only 1-2 hours per month!” and you will be rich… Also a company that promises a refund should just grant one and not wait till everything gets to the BBB… where they kind of have NO choice as to refund. Nothing changes 😉
Cool post it opens up people’s eyes to WG.
Love the blog, would you consider selling it for a xx, xxx. xx figure? Please me if so thanks.
And no, the site is not for sale.
Is MCA a legit company? Some people say it’s not but others say its legit..I Don’t know which side i should take on this.
I have heard a lot of “not-so-good” stuff about MCA however I have not done my research on them so I cannot give you an opinion on that.
I’m in WG. I’m in a battle with them right now over the 3x moneyback guarantee. One of the co-owners Ryan called, me yesterday arguing with me about my request for a refund. They are going to try and stick to their claims to the T. So far he has offered only my subscription fees of $850. I have supplied my trading history to them. Now they want me to highlight their trades vs my own. I have done that after regaining access once I put in my refund request they had suspended my access for over 2 weeks. I had to send an threatening legal action in order to get my account reactivated so that I could see the trade history. I admit me and my upline did make some trades on our own in attempts to win some of my $$ back from the losses made by their trades. However, when I went thru and substracted out my personal losses/gains I was up. I’m prepared to fight then to end. Their “experts” have had huge draw downs week after weeks at a time. One way to know when their trades are doing good is to look at how many post you see on Facebook. When you not seeing much trade talk then you know their trades arent winning. They partnered with a co that supposedly has a algorithmic system without a losing day. They hyped it for months and had QG’s hyping it only to roll it to the top leaders only. Most of their top leaders arent really making their $$ in the forex markets. They are making it in recruiting. If you voice concerns about the huge drawdowns you are immediately demeaned and told to stop whinning or so what you lost a few trades. I have already filed a complaint with the AG in Utah. Next if they dont honor their 3x guarantee I will file a complaint with the BBB. My hubby works in law enforcement so we are preparing to go all the way with this. I will keep you all posted on the outcome.
Please me. I am about to enter the same battle. Just want to know the outcome of yours and the process you took to achieve your outcome.
Liked the article. I am part of MLM called advocare. They never promote quick money and the products really do work. They state it’s a simple but hard business. I believe the are doing it right and have been around since 91 I believe. ما رأيك؟
Unfortunately I am not familiar with this company and have not done any research on it in order to offer any kind of advice.
I do see that they are in a nutrition/weight loss industry and what annoys me a little is that I can’t buy their products directly. Why do I need to become a distributor or find a distributor in order to buy?
You cannot buy directly because the company pays out the commissionn to the distributor based on a mouth to mouth recommendation. Thats the whole idea of this system, buying with his code lets the company know it was thanks to him that you found about this productos.
I understand how the system works and I find that it’s flawed. If the product is good, we shouldn’t be forced to go through a distributor. In affiliate marketing for example, you can go through the affiliate or you can go directly to the source if you think affiliate should not get a commission. Just imagine if you wanted to buy something on Amazon and you’d be forced to find a distributor first – that doesn’t make any sense.
Thats like comparing Apple to oranges though.
I don’t see it this way. If company sells a product or a service they shouldn’t oblige you to go into someone’s downline. This calls for a pyramid and that is a gray area.
So please for someone that really wants to use his computer to make extra quid at home and happens to be a good writer . What can he/she do?
I have lots of friends who are writers and in other jobs but just wanna make something no matter how little through the laptops …where & what can they do please?
In my personal experience, affiliate marketing is one of the easiest ways to earn money from home, especially if you like writing. However, the fastest way to earn an income online would be becoming a freelancer and offer your writing service to others. Check out sites like Upwork, Freelancer, Fiverr, etc, this is where you can write content in exchange of money 😉
Greetings alex. And how do you get paid if you are from countries like Jamaica like myself?
If you are talking about affiliate marketing then you will get paid by check or paypal, depending on a company you work with. Some might even offer direct bank deposit.
Hey man, great post. It explained a lot for me. Got a legit question for ya,
One of the big players for WG is in my general “network” of hometown friends. This is in the SoCal area, and he’s been using traditional sleazy MLM marketing tactics to draw in customers (videos w/ sports cars, jets, travel, etc.) It’s an obvious pyramid scheme, but WG really convinces these kids (16-30 yrs old) that they can make money quick too. This kid is financially retarded though – his last video had him sitting in a private jet, telling the pilot that if he compounded $2,000 at 7% over 10 years, he’d have a million dollars. He also advertises a 73% average yearly ROI for those that follow WG guides (which you know is absolutely obscene). This is all on video, and this guy has around 7000+ connections through WG.
What scares me is that they’re going after 2nd language English-speaking families and teenagers all over California, and successfully robbing them of their money. He posts daily about needing help to take his operation to South America, where I assume he plans on taking advantage of more uneducated, poor people.
Is there anything I could do to help these people? Or just sit back and accept the world is a fucked up place? I mean shit, this is at least illegal advertising is it not?
It’s very sad and unfortunate that many people are very gullible and naive. Over the years I have seen many “internet marketing gurus” promising easy money without any effort and they succeeded in scamming thousands of people. Same thing is happening with many MLMs now: Become a millionaire overnight without doing any work! If it was that easy we’d all be rich.
Every single time I am approached my an MLM (Wealth Generators or any other) rep I ask how much they make and this is when it gets into an uncomfortable silence, followed by: “Well I haven’t made money yet but you should talk to John, he’s killing it!” blah blah blah. Then you send them a link to the companies income disclaimer where you can clearly see that LESS THAN 1% within that company make a good living (top of the pyramid). 90% or more lose money. These are facts and people involved in MLM don’t like talking about these facts. So that’s something you van bring up to them 😉
Well, i am from México, a schoolmate contacted me through whatsapp telling me about this, I think I was asking too many questions because now I am in contact with his “leader” or something, I already scheduled a video chat to get a better explanation, but of course, I have been doing my research in the shadows.
Although Colombia has different rules and regulations from Mexico, this Wealth Generators statement from Superintendencia Financiera de Colombia must be read by as many people as possible. It wouldn’t be fun for people to get sucked into an illegal pyramid.
MLM are more scarier nowadays. They now have this new sneaky strategy claiming ” Making Money without recruiting a single sole”,”trading hand-free without wasting hours on the computer screen”.lol.
“ImarketsLive” is the kid on the block. “GV” Global Visionariez is the Most Popular Team, and ALL the TOP MLM LEADERS are moving in and recruiting like crazy.
wow amazing, congratulations this was really helpful…i have some friends who are joining to WG and they have ALOT of people already recruted… I’ll link them to your post, so at least a few of them could open their eyes… thank you 🙂
شكرا للقراءة.
Unfortunately I’ve had a lot of friends trying to get me into MLMs of some sort. None of them succeed making money in the end.
Right now I am in a MLM that is very good, is not pyramid and have more than 30 years on the market and I love it. Because I have been in a MLM for multiple years all my friends that said no they invite me to any mlm they are on, like the WG. After reading your blog I am NOT GOING to wasted my money on WG, I feel sorry for my friends but their want easy money. Alex Thanks A lot for this amazing review.
From Puerto Rico.
Pedro, you have just described the exact issue. People want easy and quick money and there is where scammers deliver incredible promises of riches with in return of no efforts. If it was that easy, we would all be rich by now. The promise of quick and easy money should always be the very first giant RED flag.
this was really helpful..thanx =)
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Forex is a scam!
Forex is a scam!
I studied and practiced for quite awhile and as soon as I went live those MM make sure to go against your trade-they along with the big banks make the money.
I feel they analyze your deal and make sure to go against it.
This is something I received from an obviously disgruntled now ex-forex trader. He’s not the first to make that statement, and I’m sure he won’t be the last. I’ve been involved in the forex market as a trader and/or analyst for nearly 20 years. I think you can figure out where I stand on the subject.
صناعة السوق.
The primary argument folks who call forex a scam put forward is that fact that forex brokers take the other side of your position in their market making actions. They thus conclude that said brokers are trading against you.
أولا وقبل كل شيء، ليس كل وسطاء الفوركس هم صناع السوق. Some are ECNs. They simply pass your orders through into the market like a stock market broker does. Since they don’t act as market makers and take no positions, they do not earn the spread. They make their money from commissions instead.
Oh, and by the way, not all stock market transactions are straight pass throughs to the exchange either. Some brokers act as market makers in certain stocks. إذا كنت تتداول تلك الأسهم من خلالهم يفعلون نفس الشيء بالضبط كما تفعل غير إن الفوركس وسطاء الفوركس. I don’t think anyone ever calls that a scam (except in the case of bucket shops). Further, the whole basis of the interbank market – and all OTC markets – is transactions between buyers and sellers and market makers. In interbank forex, the banks are the market makers, both with and amongst each other and with the funds and companies that are their customers.
On top of that, there are market makers in all markets. They are the ones who provide steady liquidity. They do that by always being ready to provide a quote and take the other side of a trade. Without them the markets would operate much less smoothly. As a rule, market makers in all markets look simply to make the spread over and over and over again. They don’t generally look to take positions, but rather to be net neutral.
Forex brokers who act as market makers operate in basically the same fashion. They are just offsetting customer longs and shorts against one and other. Do they sometimes have an overbalance? بالتأكيد. In such cases they have internal processes which determine whether they keep the exposure or whether they offset in the market. Different brokers handle things different ways in that regard.
Stop Running.
One of the other arguments scam claimers make about forex brokers is that they run people’s stops. خمين ما؟ That gripe has been in the markets for years – all markets. Traders in the futures markets are supposedly notorious for that kind of action. Here’s the thing, though. The markets and market makers exist to facilitate transaction flow and make their money from it. They are going to do whatever makes sense to increase that flow. That periodically could include running stops.
That sort of action, though, is a bit easier in a centralized market than in the widely dispersed forex market. Brokers and dealers in the forex market generally keep their prices tightly in line because if they don’t they can lose business. As such, stop running is not something easily accomplished. It would take a highly coordinated effort among a wide array of market makers to do that kind of thing.
In most cases, the claims of stop running coming from forex traders is nothing more than people getting burned by putting their stops too close to the market and getting taken out by normal volatility.
Look at your own trading.
The question I would ask for anyone who is making a claim of forex being a scam is whether they can demonstrate a trading system with a meaningful track record of success and that they followed said system as designed. A lot of traders spend a relatively short period of time in demo trading and make good returns with no real proven method, then find that things are very different when it comes to real money. This is more about the trader than the broker.
The idea that your broker looks at your specific open positions – out of the many thousands of trades that might be open at a given time among all their customers – and make decisions based on it is egotistical and self-centered in the extreme.
If you really have a problem with market making forex brokers then trade through an ECN.
Are there scams in the forex market? No doubt. Anywhere you find a lot of money you will find scammers. If you avoid those with extraordinary claims and stick with regulated companies, though, you can avoid being a victim.
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Taking the suggestion of the “demo” account, I’ve actually opened more than one to test multiple platforms. These demo accounts all have live charts on them. While some brokers may limit your demo account availability for a finite number of days, there are so many vendors I doubt you’d run out of “demo” account access to charts for a good long time.
Anyway, my whole point is… If you think the market maker is trading specifically against you, check the other vendors charts! Surely one market maker has no more influence over everyone else’s charts than you do.
I’m still in demo mode, but seemingly get traded against regularly. Seems almost like just about the time I give up and bail out of my position, the market moves in my direction immediately afterwards. Seems eerily predictable. So, I checked some other charts. Guess what, besides the spread, they were identical. Just proves that Murphy’s law and inexperience are my only foes at the point.
Yes, Forex is opertated like a scam! These Hedge Funds and major institutions see all orders coming through and trade against them with their millions and billions of dollars causing all of the small traders getting wiped out. The guy writing this article is baised because he works in the industry, protecting the “big boys.” It;s B. S. How is it when I practice trade the trend continues as predicted, but when I place a big order it immediately switches direction and wipes me out? Stay out of Forex, it’s unregulated and they scam you and me.
It is your fault not forex or broker fault dude !
Suggestion : read more books !
Mark you make me laugh! 🙂
As the “guy writing the article” I have no bias. I do not now, nor have I ever worked for any bank, brokerage, fund, or any other institution involved in taking positions or managing transactions in any market. My work as an analyst is for a group which provides analysis on a 3rd-party basis. Seeing as our forex commentary (I’m currently in stocks, but used to be in forex) is available to both FXCM and Oanda forex traders at no cost (and by subscription to anyone who wants it otherwise), the idea that I’m biased toward the institutions is a complete joke.
And Forex is becoming increasingly more regulated.
I’ve read and listen to different people with claims and counter claims that forex trading is a scam. I personally transact with AVAfx, a forex platform. What I experienced is that anytime I opened the platform ready for trade, a position would be opened automatically against the trend without my involvement. I reported the case to AVAfx but claimed it was a virus on my computer. I formated the computer and installed an antivirus, same thing happened.
My question then was that why is it that a positioned is opened against the trend and not in the direction of the trend? with frustration, i was forced to wthdrew remains of my fund.
Thanks for sharing Adewole. I’ve never dealt with AVAfx so I cannot personally comment.
as we have now seen that investments banks, hedgefunds, large insurance agents, ratings agencies and others have been colluding in more than a few mulit billion $ scams while the regulatory authorities sat back on their laurals, it requires much more to convince Joe public to part with their money and trust any organised money making system than a few words on an internet page. I am not convinced yet i have been conned, and more proove will be required before i trust any forex broker pertaining to offer me direct access to the real Forex market.
I am desperately looking to find a way to make money from home. I’d like to get into the trading scene but dont know where to start or even if its a good idea. Im willing to invest in the time to learn. Im even willing to start small and take the time to build it up. but again…NO where to start…Should I start with stocks? Should I do Forex? I barely know the difference between the two. Is it even a viable option in todays economy?
Kris – I strongly recommend you look at my introductory trading course or book. They were both specifically written for people like you who want to get involved in the markets, want to do it right, but need a good starting point.
Kris, you won’t make an income from home from Forex, 98% of people lose their money one year because it is an unregulated market designed to wipe you out. They don’t even execute trades at the price you initiated. Stocks are easier because it’s regulated but with all the skill in the world you will lose money (like the pros) about 2/3 of the time, so cut your losses and have your third stock run a huge profit and you have a chance at making an income. That’s the real side of the story you don’t hear often.
Mark – Contrary to what you may have heard, forex is increasingly more and more regulated. In the US it’s been put under the oversight of the CFTC, and through them the NFA. It’s not the Wild West it used to be, at least in the US. I can’t speak to other countries.
As for comments about not getting executions at the right price, I can’t think of any time among the years worth of trades I’ve done where I didn’t get a fill in line with expectations (or if so that wasn’t corrected by the broker). If you’re having problems with that then either there’s a problem with what you’re doing or your broker is doing something untoward (unlikely as they actually want you to execute trades).
Stocks are neither easier nor harder. All the same mistakes trip traders up. The only difference is the permissible leverage. Believe me, regulation does not mean less chance of losing money. After all, regulation didn’t prevent Enron or any of the other scandals that crushed any number of unfortunate stockholders.
I and millions of people need opportunities to survive. After researching all complaints, looking at broker websites, the nfa and ctfc websites, I concluded that though the forex market is legitimate, forex brokers are not. It is a scam to trade the forex market. It should be heavily regulated and enforced. It is a SHAME that the forex market has such great opportunities that everyone needs but is WASTED because of all those crooked brokers who cheat, lie, and steal your money.
Forex brokers ARE regulated – at least in the US. They fall under CTFC supervision via the NFA.
I lost nearly all my money making big trades; small tades on the other hand I made over 1000% gain. That”s an indication someone trades against the big trades.
Mark – Or could it simply be that you were taking too much risk with your big trades and that once you lowered your risk your drawdowns didn’t do nearly as much damage?
I been reading Mark common from beginning. I know how you feel MARK and completely agree with you. I trade for living and I do very well in Stock market. However Forex market is whole new game, every tick is being control by interbank, every tick it move it move to make money for the banks own interest, someone win someone have to lose. Money don’t come from no where. you take a buy some one have to sell to make trading work and complete. Don’t you ever wonder why 5% or less is making it in market. 95% blow up account in less then 6 months. Don’t believe me try this is REAL MONEY account, Pick random buy or sell 30 pip SL 30 pip TP. Do it for about 100 or 1000 trades. about 90+% of the time you will get hit on SL and its will never be 50/50 chance like stocks.
I do believe their is a lot of market manipulation and that Traders really start believing their own mail – certain economic analysts are very capable of saying anything the institution they work for want then to say to set up market conditions. Oil Futures are one good example and crashed when OPEC finally called them all out by cutting production not once but twice. The Aussie Dollar is the sixth most traded currency in the world – it does not deserve that status – but dealers see it as safe and able to be manipulated.
The big fund managers can easily set a market to their requirements.
ok, here it is the truth about Forex (or trading in general). The market is TOTALLY random, therefore it is IMPOSSIBLE to be consistently proficient. Over time, no matter what strategy you use, you’ll lose money, and your money goes to the pocket of your broker. If the market had some degrees of predictability, then one would learn how to make money out of it, since there is NONE, it’s like gambling. In other words, if you go to the casino, you have the same chance to win or lose. The 5 % of winners simply doesn’t exist…never existed, and never will! I’ll give you a perfect analogy with the world of sport. Experts know that it’s impossible to develop big muscles or run 100 meters in less than 9 seconds without steroids. However, there are testimonials (the ones who are not caught at the doping test, which is a true farce) who swear that they did it. They are simply paid off to lie to the public, so the dream can continue.
السوق هو نفسه. If you’re thinking of investing your real money, do it, but just for the fun and the excitement, NEVER hope that you’ll make any money out of it, if not out of pure luck.
Good trades to everybody.
In truth, the people who are complaining on here just don’t know how to trade properly. لماذا تبيعون أنفسكم قصيرة وتتخذون هذه الخسائر؟ بالطبع السوق سوف تذهب إلى أسفل. إذا كنت فعلا اتباعه أثناء التداول، يمكنك بسهولة ضمان أن تجعل المكاسب في نهاية المطاف. شراء بسعر منخفض و بيع بسعر عالي. إنه & # 8217؛ s بهذه البساطة. ومن الواضح أنه سيكون هناك بعض التذبذب في السوق، ولكن لديهم القليل من الصبر للبكاء بصوت عال، والتوقف عن التفكير في السوق أنه مخطط الغنية الغنية الحصول على.
I am an experienced equities trader with more than 12 years of online trading. I have educated myself regarding FOREX. No expert here, but I probably know as much as the next guy with 11 months of FOREX trading under his belt. Here’s the point: After 1,455 trades over the course of 11 months, 89.9% of my trades have resulted in losses. All types of trades: from 2 minute scalps to trades lasting almost 10 months. I have used numerous technical analysis tools, many of which have proven helpful and profitable in my stock trading.
Even if I flipped a coin before every trade, I’d probably be some where around 50% in terms of losses and profits. On a bad day of coin-flip trading, I would almost assuredly be right at least 1/3 of the time (33%). It is virtually impossible to be wrong almost 90% of the time – UNDER ANY CIRCUMSTANCES. There is NO mathematical model to support it. NONE. Even if I did the exact opposite of what I believe the charts suggest, I would still not be wrong 90% of the time. IT IS IMPOSSIBLE. Therefore, the ONLY logical explanation is that the FOREX market is fixed. How and to what extent, I don’t know. But there is simply no other explanation.
Nice handle. Since the reported statistics to the CFTC show that about 30% of retail forex traders make money each quarter, clearly it’s not impossible. Thus, your logic is flawed from the start. And that assumes win % is the determining factor in profitability, which it isn’t.
[foul language removed] The NFA stats state that “99.6% of retail forex traders lose their money.” And that the average loss is somewhere around “…$16,000 USD.” You and your lies will burn in Hell. تذكر هذا.
I’ve seen some of what the NFA has reported on profitability recently. It wasn’t anything like 99.6% or $16,000 in losses. Please provide a link to your source.
Actually the point is this: The price action (mostly in the fx market) will always make you believe that you are on the wrong side of the market, and that is why all trades become “loosing trades”. If you get “right” into the market, unless there is a spike in your favour after few minutes, your nerves will not keep, while the price will swing between your open price and your stoploss, so at one point you probably will close the trade in loss or breakeven, to discover after few hours that you were right. Or even if your trade will have a little profit, you will close it before the big profit runs.
On the other case, when you get “wrong” into the market, you will probably be hit from the stoploss, or you will not close the trade in time, because it is hard to accept to be wrong…
End of the story: you get in right or wrong, you will always come out in the wrong moment, adding short profits and big losses.
Anyway, best trading floors dont make more then 20% on a good year, lets say also 50%.. So why should you risk your money to make in the best case a 20% . put 100k to get 20k, but risk to loose 50k… ؟
It really does not make sense.
Dick Hertz its cos you’re bad at trading….
الضحك بصوت مرتفع. Yeah, OK, let’s all believe what the government of the United Staes tells us. The Commodity Futures Trading Commission guys used to lunch with the SEC guys who conducted the Madoff audits for all those years, right? Wow, someone actually PAYS to write articles?
I didn’t say reported by the CFTC. I said reported to . The brokers report the figures. Maybe you don’t want to trust them either. غرامة. ايا كان. I’m not going to get into a debate on that here. You are, however, a sample of one and your year’s worth of experience bouncing from method to method and time frame to time frame mean very little by way of proof. I’d say the same to someone claiming brilliance on the basis of one year’s great performance too.
Winning % is not the determining factor in profit?? Don’t tell me — you work for the Obama Administration, right? Up is down; debt is good; higher taxes mean greater revenue; some day, cars will run on farts. Don’t quit your day job. I hope it has nothing to do with finance. And if it does, let’s hope nobody listens.
Seeing as I can demonstrate to you systems which have very high win % but very poor performance (and vice versa) – and you could probably think of some yourself – clearly win % is not the determining factor in profitability. It’s part of the equation to be sure, but not all of it. This is one of those things newbies fixate on, usually to their detriment.
typical wall street crappola. dick hertz’s (great handle!) point is well taken. movement is ultimately up or down. u can’t be on the shitty side of a trade 89 times out of 100 with over 1000 trades executed without it being manipulated. winning % is not the determining factor? الضحك بصوت مرتفع. ok, tell that to the red sox and the yankees. this moronic babble is why regular americans are totally fed up with wall street and the corrupt pirates doing the fleecing. lies, deception and then for a change a pace, more lies.
You’re seriously comparing trading to baseball? بشكل جاد؟ Talk about babble.
Wins in baseball are binary. You either win or you don’t. Your run differential doesn’t matter. In trading that run differential most definitely matters. If you win 99 times out of a 100 and that 100th trade wipes out all the profits from the rest of the trades then it doesn’t make a damn bit of difference that you won 99% of the time, does it? Flipping that around, if you lose 70% of the time but the other 30% are big enough winners that you’re well in the green, does it matter one iota that you only had a 30% win rate?
This is NOT me saying that the size of your winners is the determining factor. It’s me saying it’s a combination of win % and the relative sizes of your wins and losses that decide your performance.
it’s still noteworthy that you’ve failed to address mr hertz’s principal contention –> nobody’s gonna be wrong 89% of the time. i’m no math teacher, nor do i possess a graduate degree in finance. however, i do have a phd in LIFE, and my decades of living tell me nobody (smart, dumb, expert or newbie) is getting snookered 89 times out of a 100 without someone else pulling strings. فترة.
You apparently weren’t paying attention when I said a sample of one individual who has admitted to using all different kinds of time frames and trading styles over a year’s time is insufficient evidence of anything – good, bad, or otherwise – no matter how many trades. Of course, if he’s been trading with some no name, unregulated broker then I might allow for potential shenanigans. Otherwise, show me evidence that the employed methodology should have been profitable.
Of course the real question is why someone wouldn’t stop trading (at least live) after say the first hundred or so trades when the win % was so low.
yeah sure you can lose 90% of the time….simply put when your doing well, you’re too greedy so you don’t get out…. when you start losing, you can’t take the pain so you get out…hence you always lose.
Here is my input for what its worth. I have 8+ years of.
experience, with the last 4 years traded full time, devoting up to 10+ hours a.
day to direct market participation. I am an educated (fool), mature adult with.
a degree in mathematics from a Russell Group university and more than a decadeof programming experience, and i consider myself to be.
“sophisticated” (or stupid) enough to be involved in OTC markets. أنا.
have traded every possible combination of technical analysis, timeframe,
fundamentals, with many brokers, ECN’s, MM’s and spread bet platforms, manually and with automation. I have put the best and most (un) productive years of my life into beating the FX markets. To cut a long story short, i have been around the block at least once and have the hairline to prove it.
When considering the FX market and the potential for.
manipulation, a “white lie” PR sound bite often used to muddy the.
waters is that the FX markets are just too large to manipulate, with.
traded every day. Sounds HUGE right? But as with any confidence trick, its a.
thing of scale; when you break that amount down into all the different markets,
and break down the day into hours, minutes and seconds it turns out that only.
$2mil per second of flow is required to move the most liquid pair, EUR/USD, at.
the busiest times – and for the less liquid pairs the sums required to move a.
market are pitiful. What is a 2mil lot worth to a MM? Well, many retail traders.
trade with 1 mil lots using leverage… so the answer is, that to a MM, it’s.
not worth a lot.
The stone cold truth is that if you place stops near the.
market they will be hit the overwhelming majority of times, and yes, they are.
specifically targeted, and yes, its easy to do…just ask anyone with market.
making experience. And more to the point, if the MM was not legally allowed to.
do it, they would go out of business in a month. As a retail investor, your.
soul purpose as a short-term participant in the OTC market is to feed the MM’s.
book so they can lay off the prices at a future date, in layman’s terms – أنت.
are the fool at the table. This function is not of the (misunderstood) kind.
where you place a trade and a institution or another investor takes the other.
side immediately, and its everyman for himself from that point… your function.
is that you implicitly expand the MM’s profit margin so they can take the.
bigger hits in the future from professionals who they are obliged to cater for.
This can happen over minutes, days or weeks. Having a “neutral book”
is a misunderstood and an outrageously subjective concept; a MM can move a.
market some distance and still remain completely neutral within the constraints.
of their business model.
YOU provide “liquidity” to the market by putting.
it in the MM’s P&L margin, not by putting it in the spot market…99% of.
retail flows don’t get anywhere near the spot market, the real business is done.
on private platforms between extremely privileged institutional traders who.
“talk to each other”. That’s why you are offered and encouraged to.
use leverage (in most cases the option of trading without leverage does not.
even exist! Why would it, that defeats the purpose!, the ordinary sums in your.
bank account just wouldnt do the job sufficiently). Here is the long and short of.
عليه؛ it’s not in the interests of central banks that market makers and liquidity.
providers should face difficulties, especially not from retail investors.
Hence, they have all kinds of distinct privileges awarded to them to skew each.
and every outcome in their favour, this includes being allowed to move the.
market…and ripping off Mr retail is their bread and butter. Ask your market maker to show you the contract they entered with the central bank and regulatory bodies of their given jurisdictions.
Also, don’t be fooled by the smokescreen of anonymity.
offered through ECN’s either. If you dig deep into the legal, you will see that.
all ECN’ providers have a clause that lets them share “any individuals.
data” with their liquidity providers. فقط فكر بذلك لثانيه واحده.
Here is a word-for-word snapshot of the legal from a Swiss broker;
“Dukascopy Europe is entitled to transfer all personal.
data of the client, transaction records and all other information submitted by.
the client or otherwise obtained during the course of the business.
relationship, to its affiliates or counterparties, in order to facilitate the.
consumption of, and to discharge its obligations under this.
agreement.” So, im no lawyer, but.
i think we can all agree here that the premise of anonymity is a bit of a joke…
that’s why this particular company, though Swiss, is legally based in Latvia.
where trade description requirements are easily skirted.
The whole industry; analysts, technical analysts, brokers,
gurus, commentators, journalists, software developers etc…unwittingly It all feeds off convincing people they too can have a comfortable life as an FX trader.
to live as an independent FX trader is probably by far the stupidest thing an.
individual could consider, it borders on suicide…something many of us consider.
frequently. Scratch the surface enough, and you will find a lot of.
troubled individuals, who have been wrecked by a period of foolish desire to.
get something for nothing. Only to find they get a lot of nothing for just.
about everything they could give. Beware folks, trading can destroy you, turn.
you into a bitter and joyless individual and teach you a very cruel.
lesson…those with the money intend on keeping it, and yours. Don’t say you.
haven’t been warned, the biggest mistake of my life was assuming I was smart.
enough for the job, when smarts really didn’t matter. The day trading(scalps,
swings, noise) game is rigged.
Aaron – You make a very good point on the illusion of the $4trln of daily volume, particularly since spot trading, which is the main driver of exchange rates, accounts for half or less of that total. I would push back on a couple of things, though.
First, you mentioned $2mln/minute to move EUR/USD, but it must be clear that such volume must be sustained to make the market move. As soon as the order flow stops, the market is likely to begin reverting. We see that happen quite often when clusters of orders are hit (stop running, etc.) where the market moves rapidly in a short span, but once the orders are cleared it moves back again. In other words, manipulation is possible in the short-term, but much harder to accomplish without considerable risk beyond that (it’s the same way in all markets).
Second, I think it’s a real stretch to say there are “many retail traders” trading $1mln lots, and certainly they aren’t doing so at $2mln/second. Not that it matters if you’re correct about 99% of retail volume not reaching the interbank market. I’m not entirely sure that’s 99% is the case because of the way many brokers do a pass through to/from liquidity providers, which are basically interbank dealers, but I do agree that retail has a relatively small impact on exchange rates overall.
We should make it clear, though, that when you say Market Maker (MM), you are talking about the interbank market MMs, not retail brokers. The latter mainly just pass prices through. It’s the former that are the primary price makers. They are the one running stops. It’s being done at the interbank level, which naturally trickles down to the retail realm. But per your statement above about retail volume not reaching the interbank market, your comment that retail traders “feed the MM’s book” is contradictory.
Yes, in the grand scheme of things the retail trader is the fool at the table (at least the majority of them), but from the interbank perspective they aren’t the fools from whom the money is being made. They just aren’t doing enough of the volume. From a MM’s perspective, since they have access to information about flows, it could be said everyone else is the fool, but I have to imagine they look at hedgers and multi-nationals, who are strictly acting in a business rather than speculative context, as the real golden geese.
That said, it’s hard to disagree about how the whole industry works to pull people in with dreams of easy riches. And as someone who has stated for the record that he does not trade full-time for a living and has zero interest in ever doing so, I will naturally concur that it’s something silly to even contemplate. 🙂
What kind of response is this? A halfhearted spin attempt to support your story interlaced with an agreement that the FX market is designed to trigger stops at the expense of retail traders?
The following is posted from your article:
For traders in the futures pits are supposedly notorious for that kind.
of action. Here’s the thing, though. The markets and market makers exist.
to facilitate transaction flow and make their money from it. هم انهم.
going to do whatever makes sense to increase that flow. أن.
periodically could include running stops.
In one fail swoop you imply that it is “supposed” meaning unfounded, and then agree, that yes, MMs will indeed run stops.
Face it, this posted comment pinpointed who’s interest the MM is working in, and to say it is in the interest of the MM alone is a flat out lie and YOU know it.
And to Aaron’s Mailbox thank you very much for your very well written response. It’s one of the best things I’ve read on the internet in awhile. It’s a shame it appeared in the comments section of this article.
Ntry – I have no idea what you’re going on about. At no point have I said anything like the forex market exists to trigger the stops of retail traders. Since the FX market long pre-dated retail participation, that’s about the most foolish idea out there. The retail markets does extremely well lining the pockets of the brokers and market makers without even bringing the stop question in at all. All they have to do is scoop up the spreads and maybe sit on the other side of the net retail flow and they’ll do quite well for themselves.
My point about the MMs running stops is that they are doing it at the inter-bank level where the real volume is happening. Retail traders are basically just collateral damage.
It’s a FreeMasons game based on the 7-sins made by the 1%,we can crack this bankers fraud.
Hey John - Wondering what your view of the current trading platforms being 100% simulated – programed to react to your every action - not only preventing people from making profit - but programmed to take their entire account. I discovered that the NFA enabled the industry to use false advertising – as their product was transferred from real trading to simulated gaming platforms that process everything like a game. They did it by changing the entire definition of the term Forex Trading (and FOREX, FX) from “On-Exchange” to “Off-Exchange” which was totally illegal. I’ve been trying to tell everyone and get something done about it but its hard because all the regulators seem to be participating in it. I’ve been totally alone fighting this and would like someone to talk with about this topic - share what I found. I’m not advertising my site - but please visit it so you can see what I’ve found. I have nothing to gain with what I do - other then a mild desire to restore a little respect to my family. We caused the 1907 financial scare.(Augustus, Otto and my grandmothers dad Arthur Heinze) I was a trading prodigy till the platforms started running anti-profit programs. On 8 different PFG 50k test accounts I cleared 2 million in 2 days (proving to a friend it wasn’t just luck) the 8th account I continued for 4 days – crashing their server trying to close 17 million for a total of 27 million in 4 days. Now - I cant profit more than about 5k a week. My skill didnt change - the platforms became rigged. How do we put a stop to it?
firstly a demo account is no way the same as live, Forex trading is 10% skill and 90% emotion! you don’t have emotion on a demo account because its not your money! when your using your own money you worry and make mistakes, if they traded against you or not it does not matter its your fault! greed, fear is why most fail, forget ea’s they don’t work! bottom line study hard and only risk a maximum of 2% a trade, also get someone who does know to learn from! i like Neil fuller i think he’s name is try Google it, he’s site is full of amazing info.
I have been trading FOREX for 5 years now. It took me the first 4 years just to figure out whether I was coming or going. I spent countless hours of my days studying the market movement in relation to the vast array of indicators that are out there. I was able to narrow down my approach with a trading model that finally offered me a much higher win ratio. I continued to fine tune this model and got rid of the indicators that simply served no purpose. While I have lost my shirt many years in this market, I am responsible enough to know that it was due to my own mistakes. I made the same mistakes repeatedly and watched my demise as if it were deja vue. When I first started trading I didn’t have a lot of capital to work with. My trades pretty much had to be perfect or bust. My common errors were over-leveraging my trades resulting in margin calls. Instead of waiting for my technicals to fully mature, I would jump the gun and experience unnecessary draw downs. If these draw downs didn’t engage my stop loss, I ended up waiting weeks sometime just for my trade to reach break even. I have never felt that my broker (FXCM) is scamming me or gunning my stops. Most people do not educate themselves in this industry in a manner that gives them a fighting chance. While you can take all of the courses on forex you want, most of the formal training in my opinion simply does not apply to each individual. With lagging indicators and so many trainers out there telling you their way is the way to success, I think this is what causes so much of the confusion and perception that a scam is afoot. I had to combine the formal training with a mix of common sense, a sprinkle of unorthodox and a dash of invention to make a reliable model that works for me. If you find yourself experiencing a majority of failing trades, you just need to realize that your approach is not working and you must change it immediately. If you continue to fail after that, you will have to accept that THIS IS JUST NOT FOR EVERYONE!!
just look at all these EA mq4 indicators and scripts, they are all other the web ! The Forex mafia is paying these developpers and bloggers to give guilible new comers to believe that they can outbeat the Chaos ! The only way to make money on Forex retail trading is to join the Dark side of the force !
Ive been trading forex for about five months now, and watched hours of Steve Niso seminars and others videos feeling confident that I had the knowledge to know how to go about trading. After losing my money this last time, it all became clear. I put all the math together. Wont be able to lay it all out here,.but in short, forex trade is nothing but a sophisticated casino. You can learn all the techniques and strategies you want but it doesnt matter. Every scenario has a fifty percent opposite scenario. Its just bulls vs bears. Its a very brilliant scam because there are so many ways you THINK you can win. Take trends. يبدو بسيطا بما فيه الكفاية. Wait for the topa andwave in a down trend and go short. Or vise versa. But you dont know that wave is come down til afyer it does. Even if a trend has ten waves you dont know that til it happens and there are as many scenarios 1 wave 2 waves that you stilll are 50 50 when u take a position. Ypu can break support or resistance and it could snap back. and go the other way…or snap back and come down or any number of scenarios. You will always see tonnes of scenarios where technical analysis holds true but only in hindsight and where it doesnt work is overlooked. You never know your mistakes til you make them and u cant learn from them because the next scenario will go the other way. Even with fundamental analysis…..cant explain it all now but the net reult is 50 50….and since you pay the spreads its like a house edge that makes it no different than a casino….all the math came to me at once….then i looked up forex fraud on wikipedia and it backed up everything i finally came to understand. Its sneaky and more sophisticated than a casino but just as losing of a bet if not more.
And as for reversal signals like hammers, shooting stars, bearish and bulish engulfings….thet cause you to enter against the trend….so do u go with the 1-2-3-4-10 and so on wave trends as many try to coax u with or go for reversals? As i say, 50 50.
Theres more to explain. As i say, its too complex to lay it all out here….but in short…..forex looks winnable but isnt….thats the danger of it.
You can certainly look at charts and see lots of occasions where a long rally will follow a hammer but add up all the scenarios where it didnt to the scenarios where it rallied some but didnt reach a desired target and flip flopped while before coming down. Add it all up. Its a lot like sitting at a black jack table watching your chips go up down up down up more down more bet more lose more bet less win less up more down more til its all gone.
You have to win just to make the spread and no one one wants to stop at break even. Easier to go down that up. Its pure casino.
Forex its the biggest scam of the century ;
how its done ? easy; imagine 1000 shop trader who share one elaborate software and one central super powered computer , they are all linked to each other. They can very fast asses any market info.
Now me or you issue a dealing ticket , what they do straight away estabilish if you are a beginner a new member of their family ! if yes they let you win a bit a few times, but not much, then when they know you are hocked they change the switch and take you to the cleaner .
They are regulated by crooks .
The worst on the market to use the city index , keep away, on 100 trade tickets on long position 97% went down in price. it obvious they run against people like me and you.
I had an open position for almost 3 month, I then closed, as soon I closed, the price went up, I then bought.
One reply is enough. You’ve made your point. I’ve deleted the other comments as redundant.
The issue I had learning was that when I put stops in the price would never be met and it would wipe out my demo account and just carry on going. I understand that if no one is buying at the price it’ll pick the nearest etc. So I’m assuming that if the stop never got hit then no one was even close? So on a demo account I was making profit and then the entire 50k went on a single tiny trade overnight just for the sake of one stop. Why would you risk real money on a mechanism like that?
Sounds to me like you were using limit orders rather than stops. A stop must be filled once that level is reached or breached. A limit order only gets filled at the exact price.
لا أعتقد ذلك. Just because you cant earn money doesnt mean it is a scam and nobody can 😀
I agree now, after finally making some interesting profits with XM. I have a long history of losses but although i STILL believe the broker ALWAYS hedges their positions directly AGAINST their cash cow clients, this does NOT mean you CAN NOT make profits in forex. Even with Pus500 which i consider a totally scammy broker, who clearly trade (as it is STATED in their Client Agreement) DIRECTLY AND ALWAYS AGAINST THE CLIENT (through immediate and 100% hedging and controlling the price of both the BUY and SELL on ALL positions and tickers traded on their platform), i made some astounding profits ($5000 in one month, for example). Now with another broker who allows hedging, i have been able to double and even quintuple small accounts within a month and do even more. So, after THOUSANDS of hours of trading BADLY, i am beginning to become hopeful that there is a STRONG POSSIBILITY that one can generate ACTIVE forex trading income (i still spend about 14 hours a day trading but sometimes only 4 or 5 …with a LOT of breaks!) even with deceitful and even fraudulent brokers. It all comes down to extreme rigidity in money management, knowing how to read indicators and use price movements to your advantage; and copious helpings of God’s grace.
Forex is actually not swindling. As Forex trading rises in popularity, Forex trading frauds are becoming more common. Beginning Forex traders are often considered an easy target for these Forex scammers because the Forex market is not regulated.
Forex = four “X” = 4X = X X X X.
Trader sounds very much like “TRAITOR”
i was just ripped off by xm mi ea is so plain simple it was obvius sombody had there hands the account.
Hi phillippe, i have traded with XM for about 2.5 years. I find it almost impossible to retain profit through their MT4 platform. I sympathise with what you are saying; but i think it comes down to this: first, XM is run by ‘ex’ bankers. You think they want you to keep any money you put in an XM account? Second, all Metatrader accounts are controlled through servers in Russia. Where do you think metaquotes and MQL4,5 come from? So often, i have felt certain that the ‘investor password’ function was set on metatrader for ONE reason only: to allow ‘account managers’ at Metatrader brokers to monitor your actual screen and to manipulate your account and its positions. Why else have such a function? So often, i have made a trade with the trend; but as soon as i place the order, the trend reverses. I have been trading fx for about seven years; and it has been a massive loss for me, mainly due to the collapse in the Euro and my failure to properly manage the account balance once i bought and the Euro collapsed. At the time, i did not know much about hedging. The problem is, even if you hedge, the broker just continually reverses your positions until, eventually, you are either marginned or stopped out. I am almost convinced now that XM, and ALL Metatrader brokers, also Plus500 and FXCM (whom i had accounts with) are actually trading, or rather, hedging against their client accounts. It only makes sense, since they are acting as Principal. As human beings, we need to learn to look out for one another, and stop trading forex altogether. There is no hope for us to live a worthwhile and meaningful life otherwise. Retail traders are the food of the vermin bankster scum. Don’t believe the lies your XM broker tells you; and the same applies to IQOption. Binary trading is just another forex fraud.
Forex is indeed a scam! حذار.
And you say this because …. ؟
I have made losses of circa 135000 USD, starting from Dec 2012 until recently Aug 2015.
I have only withdraw a meager profit of 2000 USD and that was made on some Friday on EURUSD. I had a capital of 250 USD only.
I accept my mistakes, over-leveraging my trades, having over-confidence in myself, long waiting for trades to break-even. Also, most importantly, out of 100 trades, 90 trades were without stop losses.
I do believe that I was wrong on many fronts. But at the same time, I firmly believe that there is a dark force on the other side, who will not let me make much profit and will manipulate the rates for their own profit.
شكرا لكم على الرد. Are you talking real money here? those are large losses, especially if you are not wealthy. I myself lost about the same amount in shares and forex combined; most of it in the dot bomb crash in 2001 but also about 1/2 in forex between 2004 and today. The good news is, in spite of believing that the bankers and the wicked trade directly against retail clients (which they certainly DO), i have been seeing some success in trading.
In the past 2 months i was able to accomplish the following:
1) Finally understanding a LOT more about viable indicators and trading patterns (i have tried several methods now since the beginning of the year), and learning how to apply them;
2) Finally apply disciplined money management;
3) Finally avoid overleveraging;
4) Finally avoid repeatedly emotionally trading and blowing up the account;
5) Avoiding margin calls through adding funds where absolutely necessary and buying time to reverse trades where i had entered incorrectly;
6) Avoiding constantly buying into a selling trend and vice versa (this should be #1!)
7) Listening to my wife (a Finance Manager) and withdrawing profits immediately, before going back in.
Through the above processes, after deciding to call it quits with Forex after seven years, i managed to start making some interesting profits:
1. Turned 100 Euros into 890 Euros within 6 weeks.
2. Turned 164 Euros into about 570 Euros within a month.
Unfortunately, i did not maintain the discipline long enough, and again went against the trends, selling the USD and buying the Euro when the trends were the reverse (it is very difficult to read the trends properly and takes a great deal of practice). So, i did not retain all of the profits:
1) lost most of the 890 Euros and had 64 Euros left.
2) Placed that 64 Euros back in and added 100 Euros.
3) Pushed the account back up to 570 Euros and then.
4) Began to lose the account. Cleared the account at approximately.
1070 Euros and retained 890 Euros of that (170 Euros credit). After deducting the 500 Euros i topped up when it was obvious prices would continue to go against me and margin me out, the net profit on the account was 395 Euros. This is not great for 4 weeks’ work but it is still a good result!
I am currently using a very small account (200 Euros) and learning again how to read the indicators and maintaining discipline.
I use the following free indicators:
2. FCAL (Financial News);
3. Bollinger Bands;
6. Sonic (6 indicators altogether and some templates);
7. Demo frontrunning when absolutely necessary.
I did not achieve success by myself; it is first, God’s grace and second, the advice and feedback of several people i happened to read articles from, over the last six months: their advice has been absolutely critical to the reversal in my fortunes.
I am not wealthy and have worked all my life; my money lost to liars and thieves in the equities markets and to unscrupulous companies like Pus500 is very large and represents decades of work and literally thousands of hours of my life. However, if i can recover these monies or even begin to make a sustainable, modest passive income based on fairly basic strategies, then i will be pleased with the outcome!
I am considering training people in forex and have set up a website here in Singapore to do so. But i need to become much better at this than i am and don’t know if i will be able to actually do this (for most of my life i have been a Technical Writer but i am now fairly obsolete).
If you find the above details helpful, i do hope you will not give up hope and i encourage you to use VERY small accounts and seek to double and triple them before withdrawing profits and going back in. With good strategies and disciplined money management, it is possible to take money from forex brokers (not binary options though; that is a fool’s errand!).
Forex and spread betting is a SCAM !! …Ive only just realised after losing my life on it, it is almost impossible to win I have been doing it for 10years everytime i lost I thought it was my fault but I realised it does not matter if you go long or short the will go the other way and wipe you out !! ….I use to think it can not be a scam because this sort of behaviour should not be allowed its CHEATING . Where are all the regulators . like the FSA and so and so ….these brokers and MM are robbing people in broad daylight !! and legally aswell this is really bad it has destroyed my life .
im really sorry to hear this. MORE PEOPLE NEED TO BE LIKE YOU THOUGH AND COME OUT! I have lost a huge amount also and don’t even want to go on. Such a scam this Forex is. Can you tell more about your experience?
Please see my comment above. I have found methods now by the grace of God that allow me to make a very good profit. Forex is not a scam; but it requires the use of specific tools, skills, methodologies and patience. Since i tend to be stubborn, it took me seven years of trading (often, up to fourteen hours a day) to find that you can, indeed, make money trading with MT4. Even with Plus500!
For me, Forex trading is not a scam if you know what you do and where to go. For me personally I used to trade with FXCM but then a friend of mine told me that he came across a platform named VertexFX trader which have many features that I as a trader will benefit from.
I used a demo account and I loved it and so I had to switch broker for the fact that they don’t provide VertexFX but they told me that they will provide it soon because it saved me hundreds of dollars for features I had to pay for in MT4.
There will be no chance for a fraud because the software I’m using is very transparent so there will be no way my broker can play with anything.
Nice advertorial for the banksters ie VertexFX. Post your spam elsewhere.
So I traded with a few different FX brokers back in the early 2000, FXCM, and others. After watching their charts and seeing the bullshit and my best day was making 5K in the AM, I realized trading the CME was a much more even playing field, at that time they didn’t have such active FX futures liquidity but it got better fast. At least nobody is screwing you on the charts and placing trades. Yes you pay a commision for a trade but that is nothing compared to the pips the FX banks make on the spreads. The downside is the leverage is much less but that might not be so bad. I used Open E Cry to trade the CME FX futures and other futures. They are at least honest. I never understood all the talk about the liquidity of the FX markets compared to the CME. I never had a problem getting fills at the CME except during really slow times like when the US market was over and the Asian market hadn’t started.
The FX brokers are always trading against you. As far as the ECNs I am not familiar with them, I heard of them and they sound reasonable but I am skeptical that they are as pure as is said. If so great, why would anybody trade with the other guys?? Is Oanda a ECN?
John, A system and discipline is crucial as any trader knows, it is difficult with real money but doable. The only reason I can see why one would choose to trade on a FX account is because of ignorance of the CME markets, because of the high leverage from the FX guys or because that’s what someone taught them. Cheers from an ex trader.
After reading all allegations two questions come to mind:
1) Nobody will open a business to gift you money. So, why so many forex brokers pops all day?. Why the retail forextrading was created? To “help people”? أنا لا & # 8217؛ ر أعتقد ذلك.
2) I we believe there are just 5% or less people profiting from forex, they have probably more capital, resouces and mos importantly INFORMATION that the rest of retail traders don’t have.
this looks like an idiot convention, if your IQ is above room temperature, disregard this idiots and their idiotic comments..seriously, I can’t believe such a thread exists..if you can’t make money on forex, that’s ok, most people can’t..on the other hand, I can’t lose money, of the last 150 trades I had only one loser which I closed at a loss of 20 pips, and made approx 30 000 pips on my other trades..yeah, this month..let me say it again, these guys posting here are idiots. Just check what they are saying..hahahaha..LOL.
I’d believe the idiots before I’d believe the liar!
Forex trading online can be a scam for some broker or for the non ECN brokers but for some it is not, this is because some broker broker and market makers are in a hurry to make money.
Hi John, appreciate for your blog and do hope we can be friend. Hereby my points:
1. Not till you meet the Genuine and Integrity broker. You will not say this.
2. I been with this industry since 2010 and making good wealth for myself. Yes i was cheated in the very beginning but ever since the incident, things changed.
3. I no longer working and enjoy my daily life with family and travel since 2015 after consistent result. I am age 32.
4. To understand, i opened 2 off shores company/broker in 2013 and 2014 and interviews >20 fund managers and test them out, Well, pain experiences but i learned a lot. Way a lot.
I suggest, if you want to get wealth from here, start up a small company, you will understand more about Liquidity provider. Talk to them.
Good luck there.
I’m in Singapore and have traded since 2004. Sometimes i did well, even with bucketshops like Pus500 (their ‘platform’ is a child’s toy) and made as much as $5000 net profit a month. But, the devil is in the details. In 2013 i got tired of trading currencies with Pus500 as their platform seemed to be making it very hard for me to profit (I was flattish after a long series of wins). So, i invested $1000 into a gold miner (EVN on the ASX) valued on paper at $200M and later at $600M. I thought it was a fairly good choice, considering the valuation and the fact the company was traded on a major exchange. BUT the devil in this detail was that Pus500 listed this company on their platform as a ‘hot favourite.’ Immediately after my purchase, the share value ($1.40 or so, with a drop of about 40% in the two months prior) began to crumble. After 2 or 3 months, it was about .55. I was liquidated at a $17,000 loss. After which, within sixty days the same EVN. AX went to $.90 and then to $1.10 and eventually (within maybe 6 months) above my entry. I was badly burned by these cucks and i no longer trade with them. Pus500’s ownership under the false Jew ‘Dror Sedor’ (likely an alias) doesn’t make for positive inspiration, either. I have struggled to make a profit with all the brokers i have tried (FXCM before Pus500; Oanda; IQOption (they are not brokers actually; their software is a simulation platform more akin to a videogame) and (in the 2000s) three major Canadian banks (share trading only; FX for retail did not exist). Recently, after about two years with XM and.
$32,000 in losses, i have started to make some profit in FX, realising that my methodology was very poor or nonexistent and that i just did not know what i was doing — especially when it comes to Money Management. Would you be willing to help me with some knowledge about how the MM’s work? I am fairly convinced that the Metatrader platform, if not ALL retail speculation platforms, is designed as a ‘one size fits all’ automated downsizing and account flattening engine, which may also be almost entirely simulated by algos at the bucketshop/MM side. In other words, it is almost impossible to recover profit from such systems (call it ‘overunity energy if you like’) because they have been designed — from the start — to flatten your puny retail FX account as quickly as possible — REGARDLESS OF POSITION SIZE OR ENTRY/EXIT — and, it seems, there is really no possibility of ever making consistent returns from retail FX. I have traded about $300M and soon i plan to quit, though i set up an INC in Singapore to help others trade retail FX ‘with intelligence.’ It just seems that the chances are, really and truly, almost nil. Can you help me at all, to get back to my dream of actually earning a living from fx? It has cost me about $40,000 so far (mainly from Pus500 and XM) which i really would like to recover.
Don’t get involved i have been ripped off by $500000 in several forex platforms and binary platforms the worst being Forex as they get your money in there and you just cannot get it out trading happens behind your back trades get closed off with a loss so far have only found one broker that makes money and jet to be able to get money out.
Keep you money in the bank at least you can get to use it someday.
Sighs, I was gonna trade…… was!
It’s a good thing you have not started. It’s extremely hard bro. I don’t know if the market is manipulated or not; but I know that “consistently profitable” in the long run is extremely difficult to achieve. Even if you trade with a good money management; you’ll end up “dying” slowly. I have been involved in forex for almost 9 years my friend. When I traded the stock market 15 years ago, I never “lose consistently” as much as I had in forex.
ملصق ممتاز! Forex is not a scam took me quite a long time and money to learn but is achievable with time.
So the way i look at it, if two traders open different orders on the eurusd, which way is the market maker going to go. Bear in mind that u cant be ryt both ways. Do your due dilligence and stop whining when u lose cos everyone cant place the same orders and lose at the same instance . جمعية البناء الخيرية.
Your information is to complicated for the average person who knows nothing about trading and binary yrading. You should relay the information that a lay person can understand as we don’t know what your talking about, also it can’t be that all forex traders are legit, come on there are so many scams out there and your generalizing that all forex trading are not scams. I can tell your very educated in your field but I’ve never traded for real only on the testing sites or demo accounts which are few and far between so do us a favor and rewrite your review so we can all understand what your specifically talking about when you use abbreviations…
Thank you your writing is very professional and I gut wish I could understand it all…
Eva Marie – شكرا على ملاحظاتك. I’ve added links to the abbreviations so those who don’t know what they are can find definitions.
الفوركس ليس عملية احتيال. It is a real business that requires season of training. It is a fact that success in any venture is not an overnight game but an overtime adventure. Therefore, anyone entering the forex world must appreciate this fact. You will need to learn how to trade and how to trade to earn a living. So, it is a life-long business for serious minded ones.
I have been trading since 2007 and I became a professional and really profitable in 2014.
Which bucketshop broker are you working for? FXCM? PUS500? XM? Oanda? The NFA passed a ruling some few years ago making ALL retail forex accounts under $100,000 USD OTC accounts or, in other words, synthetic trading account (video games). Whilst it may seem incredible that your beloved Russian Mafia-designed Metatrader account could poasibly be virtual ONLY (read: VIDEO GAME) controlled by AI software linked by tunnelling software encrypted algos directly (AND ONLY) to your bucketshop’s server AND that NONE of your “trades” EVER makes it to any bank or bank trading platform AND instead, your “trades” are simply matched to the opposing side in order to flatten the entire trading bucket (and give the corporation acting as principal ie the owner of all profits) and to offset any excess liquidity through offshoring the excess to the bank at the most profitable deal — then you need to seriously look into what you think you know about retail forex. We have all been had — for decades — and “they” are not about to tell you that retail forex trading is fraudulent on its face and 99.6% a scam from the outset (especially if you trade penny stocks on it or trade with leverage above 50%).
Not going to push back much on the MT4 stuff as I know there have been official complaints filed (and ruled on) with respect to unbalanced slippage and the like. I actually have some data and want to have a look at whether MT4 accounts perform differently than non-MT4 ones.
A couple of points, though.
First, retail forex only dates back to about 2000. Hardly decades.
Second, the inter-bank forex market is entirely OTC. So too is the market for government bonds. OTC does not mean synthetic. It just means off-exchange. That doesn’t prelude bucket shop operations, but it does not automatically assume them either.
Your points address nothing of the core points i made; it is 2017 and you are saying ‘retail forex started in the 2000s and that is…hardly decades.’ Well, seventeen years is close enough to two decades, for most people. Second, you don’t say anything of value regarding the actual fact that all Metatrader accounts are de facto synthetic and such accounts are instantly matched by the market maker without any risk exposure (meaning, no trade whatsoever and no account of any retail trader is allowed to ever impact any real currency market, which is controlled exclusively by the London and New York banking houses). I am not a software developer but i opened IQOption one day and found out it appears to be 100% sytnthetic (a video game. Interesting that the Russian Mafia company that created it used to be a Video Game company). Metatrader was created by the Russian Mafia; also known as the Kosher Nostra — do your due diligence. I am sure a competent software developer with no axe to grind nor any interest in forex can prove my assertion in a few hours of code cracking; but the risk to life and longevity is real (and explains why this has ‘never’ been done). I am not a ‘sore loser’ and have lost a lot on fx but have also done well on several occasions. The issue is NOT (and you are implicitly deceptive and manipulative if you continue to imply it is) that “forex is a difficult career choice but with sufficient practice, we can make a living at it.” In fact, making profits in fx is extremely difficult even under optimal conditions and this is because the banks who provide the liquidity have zero interest in risk exposure, and they limit their exposure to the market maker, who ensures 99.4% of retail traders consistently lose money (ask the NFA these are their official stats). What you do not say, and do not say consistently, is that people who wish to trade forex for a living or to make ‘side income’ have no clue that to do so well literally requires a Phd and $75,000 USD (and don’t forget the 6 years to obtain the degree). While i must agree with you that it is possible to make a living in fx what i detest about your site is that you simply leave people in the dark about the difficulties. But i am soon going to change that (dv).
بول & # 8211؛ Quite to the contrary. The report you can see on this site is ALL about how difficult it is to be profitable in forex (and in trading more broadly, really) and the reality of the “90%+ fail” commentary out there. It has real data.
I also created an “about retail forex” paper which speaks to the structural issues you bring up (papers. ssrn/sol3/papers. cfm? abstract_id=2753823).
I appreciate your transparency and will not only read your paper; i will check all the material out on your site.
The greatest impediment to profitability in retail forex for the average novice who participates is the lack of transparency of the process and the brokers themselves. The NFA has estimated (and i know you know this) the average retail forex trader loses both his shirt; underpants; and even more (to the tune of $16,000 USD) before quitting in disgust. I have burned through about four times that — and i readily admit that in the first six or so years (out of perhaps 10) trading retail fx part time (i work full time as a Tech Writer) i knew nothing and it showed — big time.
In July 2014 i traded a $5000 net profit on a Pus500 account (quite an accomplishment, actually, since their platform is similar to the ones that use children’s crayons and an Etch-A-Sketch) but, unfortunately, i sequed into a $17,000 loss on their platform (because i got temporarily bored trading the currencies) when i purchased EVN (Evolution Mining), a company they obviously fronted and were the front-runner for (together with their backers) and which they promoted on their platform. EVN was a pump-and-dump and it swan-dived immediately after my purchase, ‘recovering’ six months later to a high of close to $3 (i bought in at about $1.30 after an already dizzy 60% plummet). Needless to say, i have abandoned Puss500 and wish to litigate if enough people will support.
I mentioned the above, primarily to illustrate that i was able to earn a net profit of $5000 in one month even on a bucketshop like Pus500 (my capital was about $5000 also or less). The same year i switched to XM and saw about a 20,000 Euro loss over the past two years. But, on several occasions, i was able to turn a very nominal sum into something (for example, 100 Euros became 870 Euros within about a month); but i used ‘secret’ or ‘unfair’ tactics to do this.
My experience with retail fx is normal and par for the course; but, sadly, there are hundreds of millions of people (hundreds of thousands weekly, i suspect) who lose as much or more as me each year; nobody is concerned about what this will do to those people, nor to society at large.
John, you are an academic and i guess this will not be pleasant to hear; you teach at a university and you teach about trading (among other things). How do academics gain credibility, since most people will not believe you (unless, perhaps, you were a SUCCESSFUL retail fx trader prior to your academic role)? I face the same problem, since i wish to educate people about the perils of retail fx.
Second, i will read your paper as i said; but i do not for one moment believe it will contain anything uniquely specific to retail fx profitability. البنوك & # 8217؛ use of dark pools is deliberate; the fact that there is little to no reliable training or data on how the retail fx ‘industry’ (mafia syndicate) actually operates is similarly deliberate.
The retail fx industry as a whole will never change to the betterment of the average retail fx trader until it becomes transparent; and that is never going to happen while the banks control creation of credit and fiat money; there is too much at stake.
However, some of us may be able to help change this situation, by teaching people how to avoid making stupid mistakes and mismanaging a trading account (retail fx or otherwise).
The price interference you mention is interesting.. quite a few times I start EA’s (my coding) running and as soon as I start them….. I even have a pair of EA’s I run which effectively oppose each other just to test onTick signals… price and indicator signals turn chaotic.
I have even had price run down the centre of a 10 pip channel in a + and – hedge. I have remonstrated this with the broker over the phone and they just use the classic out of jail free card…. it’s the LP’s……
Ahhhhh. I am pretty sure that cTrader (spotware) is a Russian software company as well….. could be Eastern European (check) which could mean a jump from the frying pan into the fire…. It also “updates” automatically every month or so………
بول & # 8211؛ You’re making assumptions. If you haven’t, you should read my bio. I have a PhD – which I only pursued after many years of being in the markets – but I am NOT a professor. Maybe one day I will become one, but at this point I am not one, nor have I ever been one.
أنت & # 8217؛ الحق في. Retail trader profitability issues are not just a forex market thing. I’ve seen research about how much stock market day traders lose. But while I definitely agree that there is manipulation in the markets – and it doesn’t just impact retail traders (see the LIBOR and gold fixing scandals) – I think there are bigger issues than that underlying the vast majority of trader losses. A longer discussion is warranted, but two of the bigger things I see as leading to trader failure is a lack of understanding/education about the basic requirements of successful trading and behavioral biases which lead to less than optimal (read “stupid”) decision-making.
I have been trading shares on the ASX for over 10 years with reasonable success, so indicators, charts and trading strategies were already in place…..so I thought.
Started “demoing” Forex platforms back in Sept 2016.. 3 mths later still struggling to make a profit (micro account). Like Aaron further up the thread even when I entered into technically good trades price would reverse within 1 – 7 pips just about every time so I can believe his 89% loss ratio, you cannot be that wrong when placing a Buy or Sell…. Or I would be stopped out no matter what the distance of the SL (often by 0.00001 of a cent) only for the price to reverse and continue on its trend….WTF.
Even when using smaller positions and larger stops… The losses would always be triple the profits, the stress involved in trying to be consistent has left me shattered… I haven’t been financially damaged by the process but feel for those that have… People that cannot afford to are losing big money to Forex…
I don’t doubt that people are making a profit from it… but single digit percentages far more experienced or intelligent than you or I…..
I could lose a 100 pips per day without even trying…. so if you are thinking it is easy money think again… do not get involved in Forex… do something more constructive with your money and your time.
So, you want to become George Soros in 3 months! It took some of us 2 years to master the art of forex trading and it could take more than that depending on your commitment and passion.
What bucketshop is paying you in Kenya to make such a ridiculous comment? If you are honest, you will post some actual proof on the internet to support your assertion (live accounts only please).
I have to agree: share trading was far more successful for me though i burned through about $65,000. What did i learn: stick with your best picks and hold for a minimum of five years. Had i done this, i would have probably $120,000 net profit. So i turned to fx. Twelve years later and still struggling to make a stable profit. Here’s the breakdown: FXCM in the uk, about £7500 loss due to numerous “unexplained spikes” 2004-2007. Moved to Pus500 and, at one time, was bringing in $5000 a month on a $12,000 account. Got better at managing their TinkerToy platform and was doing well, only to segue into a single trade of 17,000 shares of gold miner EVN (currently traded on AXS and supposedly worth more than $1 billion. When i started with it, on paper it was worth $200M and i paid about $1.20 for it. It was “recommended” by Pus500) which cratered right after i bought it (it was already down 40% and i thought it was cheap) and over 2 months it “fell” to less than 50 cents. At $17,000 loss this has been my largest single account loss and i now detest these lying shysters at Pus500, who obviously pumped and dumped me. The shares rapidly rose once Pus500 margined me out, eventually going above my entry just 3 months later. Gave up on Pus500 and moved to Oanda in 2013. Oanda by law has to offer 50% leverage or less so i have had much better success with them; but almost impossible to retain consistent profit since, like all retail bucketshops, Oanda hedges against all accounts, siphons off all profits first; then sells any excess overhead to their liquidity provider (read: all retail forex accounts at all retail fx “brokers” today are not true trading accounts. According to the NFA ruling a few years ago, all retail FX is now virtual and synthetic trading. Your “trades” never go to any bank instead you trade ONLY against other retail shmucks or Oanda) so…forget about making much profit. Still with Oanda but have seen some loss due to the manipulation of gold vs usd and eurusd in the DOUBLE DIGITS percentage wise…unprecedented manipulation)…not holding out any hope for this bastard broker either. I also tried “binary options” which are entirely a video game (literally, actually) with IQOption, spending about (at €1 per trade) €100 to make 1100 trades. Could make profit but almost impossible to retain it. Finally, moved to XM…worst choice i ever made. Currently nursing a €20,000 loss on this account, as XM are professional thieves. While i would not say fx is a total scam, as i have been able to make significant profits even with XM (in June this year for example, i made €540 profit on a €300 account) my conviction is that no indicators will help when your account is traded against by the shyster who has sold all your accounts to their liquidity provider and trades as YOU against your own fucking account!! (READ the T&C! All “brokers” act AS PRINCIPAL meaning they automatically trade AGAINST you), since their PRINCIPAL GOAL is to flatten all risk and hence, NEVER allow (especially by the use of their automated algos) ANY “risk” (your profits) to leak away into your account.
Hi Paul, that’s some serious money changing hands. I had a similar “spike” issue with IG Markets, I started running 3-4 broker platforms against each other just to compare charts… some aren’t even close.
I have been making a profit ( pay attention Oyewole ) with a $1000 live account and the cTrader platform. Scalping the market, $2.00 per PIP either using the CCI indicator -200 / +200 reversal or by trading an EMA 10 – 15 & # 8211؛ 50 strategy on trends. Its the hard way to do it but it makes between $300 – $350 a week. I intend to increase the positions as I get more consistency. I trade the principal the less time you are exposed to the market the less time it has to turn against you.
But like you I am very sceptical of the FX Market. Notice that most successful traders rattle on about indicator free price action. IMO the reason is that the big players steer the indicators to dupe the newbie and retail traders to generate liquidity by smashing stops and trading against the charts. So many of the Banks of late are getting busted for sharing charts, customer information and as you say trading against their own clients.
My partner has worked for a major Bank for over 30 years and the public has no idea of the reach of the financial institutions… paid blogs, forum contributors, social media programs…..
Very refreshing to read your comment: i wish i had seen it earlier. I have improved somewhat but, contrary to your point, i do use indicators. What is very disappointing, however, is that one very trustworthy indicator i was using for about a year (as with so many others — i have tried perhaps 100) which was giving good signals for trading has now officially become useless on the longer timeframes (Daily; H1; H4 etc) when, for more than a year, it was good for them. I notice that Metatrader updated the platform in the background (wonder why they do NOT provide the option to prevent this?) a few days ago. It is clear to me, at least, that XM and Oanda and any Metatrader broker not only trade against their clients; they rely on the software vendor to provide a custom solution that efficiently liquidates clients in a manner that makes them supremely profitable (hence the need to break every single indicator a client uses).
Why do i say this? Well, there are many instances where i see that while adjusting an indicator, the price action becomes ‘unstable.’ It is my contention that MT4 is a true virtual platform and when you connect your MT4 terminal to the MM’s terminal, the broker (and any lackies they have hired at $2 an hour in India or Nepal or China) can not only see your positions; they can trade directly and instantly against them; and they can offset risk from viable indicators by warping the price feed (intermittently screwing with the data feed for example, so an indicator cannot get a true price price history or pattern match), interrupting the dll which an indicator specifically uses to achieve successful signals (this explains why, in any update, MT4 actually collects the hardware and software information which is visible in the Journal…it could be innocuous but, is it?) and by using exploits or plugins to simply weaken your positions over time. Anyway, i greatly value your post and will consider dumping Metatrader and using cTrader.
I just wish i could short the companies using it; and Metatrader itself, until they all collapse — something i have had some success in previously (that’s another story). And i thought IG Markets were ‘squeaky clean’ (but their platform looks buggy).
Point taken. I had a brief look at cTrader. There are some unsettling posts about manipulated price feeds in several posts i have read on Forex Factory and in other places. I have no interest in jumping from the frying pan into Hell.
Please can you clarify the following statement:
entheos Sep 4, 2015 5:53pm | Post# 728.
FXPro=Russian mafia money laundering operation with a hatred for Americans. Its ok, though. The feeling is mutual.
I did trade with fxpro over 7 years.(now i`m not.)
they was established with russian money.
the start of their business was market maker.
their first target was south korea.
for the first time in brokers,
they did support korean language to attract korean.
many people lost a lot of money by their con.
many people`s live were ruined ultimately by their con.
Is it true, according to the above post, that cTrader, as MT was financed with Russian money from the outset? Why then, should i believe it is not Khazarian, serving Molech; or controlled by the Synagogue of Satan, like MT4 is?
Really Andrew…… Not sure what you need me to clarify……
I’m not with FXPro as I had heard about them prior to opening an account. I use Pepperstone and IC Markets (Both Aust.) and you can use either cTrader or MT4 – 5.
I definitely notice price instability once you open a position or start an EA. At times the price turns itself inside out trying not to allow a profit.
I am as dubious of the FX market as you are and have been watching and posting on various FX forums and I’m pretty sure some are industry “operated” through and through….
Paul, If you are comfortable with it I am happy for John to pass on my details to you……
John, it seems to me that a large part of the problem is due to a fundamental misunderstanding of the spot forex market. Speculation is taking place in the same arena that corporate, small business, vacationers, and banks are conducting regular not for profit activity like exchanging currencies for practical purposes. Retail trading for profit makes up about 18% of the total volume amount of transactions per day. Of the remaining 82%, approximately 60% are brokers transacting and exchanging currency rates. We retail traders are small peanuts in the overall picture of all the commerce taking place. I would also contend that most technical analysis suited for stocks, commodities, and futures do not hold up well in the spot currency markets because they are auction based, and not complete markets like gold, or crude, or Apple, IBM, etc.. Traditional TA was designed for the above markets, not for spot forex. When one takes a look at EURUSD, all you are seeing is the exchange rate between those 2 currency pairs. You are not seeing a complete market like gold that shows everything on the chart built into the price action. We as retail forex traders need to continue our education in how and why spot forex really moves . . .
You are obviously fairly ignorant about the main issue with ‘retail FX trading’ and that is: all retail forex ‘brokers’ do not ever send the small ‘trades’ to the bank; they don’t bother to package them — because it costs too much — instead, they tweak the accounts of retail traders using automated robots, algos and the Metatrader platform (or their own platform) itself to ‘flatten’ the transactions. I read this on a forum once a few years ago and i now understand (more fully after 13 years of trading) what it means. Flattening means the hedge that the broker has with their own currencies in a ‘dark pool’ are automatically hedged against every ‘trade’ (which is not really a trade; it uses real money but virtual currency and virtual trades) a retail ‘novice’ enters. The automated hedging offsets — in real time and to the picosecond — all real monies in the BUCKET. What that means is that, no matter what direction you enter; what position you take; or what money management or indicators you care to use, the broker is almost certainly going to win — after all, they literally have infinite leverage. I hope you understand what i am saying. I am NOT saying that it is impossible to recover monies from the average FX broker like XM or Oanda, even using high leverage. In one instance last July, I had 300 Euros in my account and traded it up to 740 Euros; a 470 Euro profit. And yes, I banked the profit. But, when i went back in, and did the SAME thing, i lost the account. AI software is now highly sophisticated and learns in real time; coupled with algos developed by banks and shared with brokers (at a modest fee) that optimise the liquidation of your funds, it is now almost impossible to make consistent returns from trading retail forex. This is assuming, of course, that you are not dealing with ‘binary options’ frauds like IQOption, whose platform itself is actually a CGI graphic (no trades whatsoever — their original platform before was a video game). Go figure.
you can open as many demo accounts as you wish since there are so many companies to open them with.
why would anybody open a live account and lose money without first being successful with the demo account.
if you are not winning with the demo account what makes you think that you will win with a live account.
and if market maker and brokers make you lose in your live account.
they don’t let you win in your demo account to lure you in.
trading has a lot to learn, 1) you have to master the trading platform you are using, 2) you have to be well informed of the currencies you are trading.
3) finding an honest broker is no easy task.
I joined a signal service a few months ago after researching and winning more than I was losing in a demo account. There were about thirty other people in a trading room and the teacher basically talked about what trades looked good and which were iffy.
I have to agree with others, it is basically a casino. I won pretty consistently on my demo, but the minute I moved to real money I lost. One thing I haven’t seen mentioned here, it is pretty well known that a big reason 95% of people lose money on the Forex is because even if they win a higher percentage of trades than they lose, they lose more money on the losing trades than they make on the winners. So even thought they can say they are up ten trades, they may have barely broken even or lost money.
I had a few good days and made a bit, but on other days the market totally went against the indicators and the room would be aghast with, what just happened, wow, etc. Because there really is no ryhme or reason to it…..I traded without the signal service a few times and just followed trends, and my percentage of losses to wins was similar.
One big thing they talked about was how Warren Buffet made a billion in the Forex, and I kept thinking…Buffet is a multibillionaire, can you all not see how he might have some inside info that helped him know the trends? That speaks to the idea of it being rigged, and I think there is definitely an element of that, probably more in the larger trading area.
There were a few people in that room who bragged about making fifty grand a week, but there was no proof of it…it literally felt like there was one guy with multiple screen names just talking to himself and acting like he was all these successful traders, it was odd. And you would have people there talking about how great the system was and they had been doing it for a year, but come to find out that they were either on demo or trading ten cents a trade. And that is the rub…once you start trading with real money on the line, the system you have learned becomes a hundred times more difficult, and you start losing.
And when you think about it…if someone actually did create a signal that is winning 80% of the time, why charge users a big fee weekly to use it when they are already risking money, when the creator of the signal obviously could be a millionaire trading the signal within a short time?
I do believe there are people who make profits and possibly even a living building from very small and making small profits here and there, saving and just doing that for years, because if you have nerves of steel and only trade with the momentum using small trades, you can make a profit. But as far as making alot of money, even within a couple of years, it seems like it would be a better and easier gamble to learn how to play blackjack really well and go make a few hundred nightly at a casino nightly.
جمعية البناء الخيرية. The risk far outweighs the reward IMO. Unless you have a good sized bankroll and patience like a monk and nerves of steel, incest somewhere else. Because even those things don’t mean success.
“It seems like it would be a better and easier gamble to learn how to play blackjack really well and go make a few hundred nightly at a casino nightly”.
Same though has crossed my mind…………many times. 🙂
Forex is not a scam, but there are plenty of scams associated with forex. الحيل هي مشكلة كبيرة يواجهها الجميع في صناعة الفوركس. تداول العملات الأجنبية هو عمل حقيقي يمكن أن يكون مربحا، ولكن يجب أن يعامل على هذا النحو. People choosing forex because they can easily earn their living costs from this market place.
Ok…. so by the looks of things, Forex looks like a scam based on the amount of people, who are reporting to have been scammed.
I would also like to read now the other side of the story and learn of anyone who is actual making a profit. For the record I have been trading for two year and am still learning so I’m not taking anyone’s side but carrying out research.
It’s hard to say, Bill. I’ve never met a real forex trader. Only heard one of my acquaintance mentioned about a kid that managed to trade from micro to mini, and finally to standard account. If what he was saying is true, then maybe forex is not a scam. But if it’s not, then (sigh…)
Not a Scam. then maybe John can explain how earlier this year FXCM (One of the biggest and still a Babypips Site sponsor…) was busted playing the market and deregulated in the US for actually having a controlling interest in the Liquidity Provider to their retail business…. a massive conflict of interest. While all the while claiming that they where true ECN and not a Dealing Desk….. Scam 101 right there..
If one of the major players is doing this, you can be certain that other Brokers are using this Business Model and are yet to be caught.
Let’s just say I’ve never had a good vibe about FXCM and was not particularly surprised. Back in the day, before the NFA shut down “hedge” accounting in US accounts, I saw FXCM promoting “hedge” الاستراتيجيات. Not illegal, but certainly ethically shady.
Between 2004-2007 (ten to thirteen years ago) i had an FXCM account in the UK and lost at least 7,500 pounds using it, primarily due to my ignorance about trading methodology and (but perhaps just as important) due to numerous order requotes and, worse, ‘spikes’ which either caused a large loss, or a margin call. As far as i am concerned, FXCM is a shyster mafia broker and is not to be trusted whatsoever. Others like XM are not much better but, with significant methodological changes and appropriate money management (and more important, the use of valuable indicators that actually work), i have seen some profits this year and held my account for more than 14 months without blowing it up. & # 8230؛ I would not say retail forex is 100% scam; but the truth is that the average novice retail forex speculator has NO clue whatsoever what he or she is doing when it comes to trying to trade profitably; and (more importantly) they have utterly no idea the level of opaqueness there is in platforms like Metatrader (nor the fact that it was designed by Russian and/or East European developers) nor do they have an utter clue about the ACTUAL LEVEL OF RISK they are exposing themselves to, when using custom-designed software which operates as principal against them from the outset until it efficiently liquidates the account.
You are trading Fiat Values that simply don not exist at all.
Your opponents are Bank licensed professional scamers, wich have the license from who? The Kosher Nostra, that gives them all rights, but for you a Taxregulating gouvernmental ruler. That`S PRIVACY isn`t it?
You can try to buy some of there stocks, of course. The only ones who rise and kill are allways sold and owned by them anyway.
That will give you your jobs, while you will never be allowed to invest on your own in something usefully.
Is that scam enough?
Forex is Like A Rubick’s Cube .. Some Can Solve IT Some Cannot .. Its Nt Fr Everyone Bt All IT Takes is Time .. Dedication and Passion And the ‘Secret ‘ to’ Crack the Code ‘ ..
I would suggest dt if U Want to Trade Forex Do Not Rush Into Trading Real Money Soon ..Study Well the Demo and Start with Little Amounts As Possible .. Forex is Not A Get Rich Quick Stratergy ..Knowing When to Enter & Exit the Trend is More of A ‘Skill dan Science .. Theoretical Background Helps too .. The Rest is StratergisinG & .. Intuition.
I have written here before (Paul or Elbonias or Armando) and i cannot agree with you. The average retail trader is *never* made aware of the level of risk that they are exposing themselves to, when they deposit money with any ‘forex broker’ this includes XM, Oanda, FXCM (a known scammer) and anyone else. If you think brokers registered in the Cayman’s or Belize or Seychelles or London or Singapore or Toronto are legitimate, especially if they are bank-based, you will lose your account and your life savings to them. The simple reason is: all retail forex trading is either synthetic or nominally so; the millisecond your ‘trade’ is registered, the software algo that is driving the platform, hedges your currency pair (both the deposit currency and whatever pair you choose to ‘trade’) against another unfortunate retail speculator in the broker’s dark capital pool bucket, exactly and to the millionth of a cent. This means, in effect, the broker (the middleman acting as ‘principal’ meaning they trade directly against all and every client that is ignorant enough to open an account with them and deposit *any* funds) hedges you out from the start, and efficiently erases your position from the face of the Earth. While it may take seconds, minutes, weeks or even months, after twenty thousand hours of trading and seeing both great success and abject failure (especially with XM and Oanda, through whom i have lost a cumulative $44,000 or so) you can be certain your account will be margined to nothing or negative. Banksters and those who suck their privates are not in the business of providing you ‘participation’ without great cost; after all, they serve their master, Satan, well. To summarise: because there is no real transparency at all as to the level of risk you are getting into, retail forex on its face, as it is today, is a total scam and will remain so (this includes binary options, which are even WORSE) for the duration. Until we collectively refuse to participate in this scam, you and i will always see our lives and livelihoods go to ruin, chasing an impossible reality. Do *NOT* listen to the liars and deceivers who post here and contradict what i say. IF they are honest, then *MAKE THEM* post the methods they used to consistently recover profits trading Metatrader (the software most retail traders use today; and they make up 20% or more of the $billions traded in retail fx every day) and, make them post their true financial picture and not lies.
Paul, I like your very convincing arguments against forex trading. I have been trying it since 2008 when AUD broke parity with USD and then came crashing down: I got the trading bug with CMC Markets making $4000 into $32000 in 4.5 days with CFDs, then losing the account in a matter of 2 hours (I was way over-leveraged on sell AUDUSD!). Since then I have accumulated running losses exceeding AUD$300,000.
But taking a macro picture of the situation, how can forex trading be a scam when you look at all brokers, all news sites, even money exchanges on the street, and you can for example see a trend of EURUSD’s nosedive over 2014? If you decided to travel during this time you would also experience the devaluation of your EURs against the USD. Or if you made some international purchases you would also see a similar correlation.
Perhaps the small trading is as you say, but certainly the big picture cannot be manipulated against the one individual on a longer term.
I agree that the macro picture is a real picture. But i don’t want to let my agreement cloud my conviction that, on the retail level (and this is where 30% of retail currency trades actually takes place, according to the NFA), we are being stolen from and ruined through an opaque, evil industry that is arrayed against us, shows no mercy, takes no prisoners; and is Satanic in its design and greed for theft.
First off, thank you for being so open with your P & L statement! I cannot imagine how you feel. My circumstances are such that over 13 years (not including shares), i have given XM 23,000 Euros, FXCM about $15,000; Pus500 about $10,000 (with $17,000 lost in a pump and dump share issue they clearly floated) and Oanda about $4000. It is not $300K but it is very significant and, while i was terribly ignorant and foolish in the first few years, I firmly believe that i have significantly improved (no account loss for more than a year; learning how to properly hedge when necessary; money management that prevents the broker stealing your account; and other steps) and that, over time, i can recover all losses. In FXCM’s case, however, i am considering legal action because they have been slammed by the US authorities for direct manipulation of client accounts and outright fraud and theft.
To summarise my response to you (and all retail traders), for years i have battled with the psyop of retail forex trading. I believed that it was not possible for a price chart, especially a Metaquotes / Metatrader one, to ‘manipulate’ the end user. After all, as you say, there is a real currency market and there are real currency trades taking place in the hundreds of millions every day, internationally, 24/7. However, does that mean that price action cannot be manipulated? I was so convinced that it was ‘impossible’ to move the retail fx market; and that i was the one at fault (and forexpeacearmy and other popular fx forums don’t help with this, as they are all paid by the fraudulent brokers to lie through their teeth to retail traders and would-be traders), that it took more than a decade to unwind the illusion; to understand the lie that is retail forex; and to come to terms with the fact that, even if i never get my funds back, i know these cunts will face an agonisingly painful, unending punishment, at the end of their days.
Perhaps i should start with my background, which informed my opinion and allowed me to begin walking away from the misery which i had become enmeshed in (particularly, being unable to stop trading, even when i knew the account was already finished).
My background is software documentation (25+ years). While i am not a programmer, i have seen enough code to understand that almost anything that exists in the ‘real’ world of the five senses can be created artificially by software; in a virtual reality. My experience extends to four continents and several employers, including in China. While i was trading (four market making brokers, including Pus500; FXCM the known and dirty-fingered fraudster; XM (soon to be caught); and Oanda (also, hopefully, soon to follow Alpari), i also was having to research with extensively painful brain-expanding tools (most of which i had never used before) banking, healthcare, exotic and telecoms software applications and databases. I have only recently begun to realise, however, that Metatrader is nothing more than a sophisticated piece of software code and a well-designed database, acting as a client-server that can function most likely as a WAN.
Because of my software background, i have no doubt that staff at the brokerages can, and do, slot all or almost all retail traders into ‘Book B’ and not ‘Book A’ accounts, from the outset. B-Book accounts are accounts which the software algos the brokers use determines are to be ‘losing money’ for the duration of the account. Whether this is true for you, as an individual retail trader; whether it is lawful, legal (there is a distinct difference), fair or otherwise is immaterial. Once you are assigned to a B-book environment, your chance of actually recovering a profit is negligible. Not nil; but negligible.
I have not actually worked (yet?) for any broker and i hesitate to try and do so, because i feel once i did that, nobody would trust me. But, perhaps by working for XM or even as an affiliate, it might only then become crystal just exactly how the software works to most efficiently liquidate clients. My theory as to how the software works is not that complicated or elegant (to be documented in more detail in my book, True Forex Lies soon to be released on flat-earth-forex); but it does not need to be. In simple terms, Metatrader is a client-server software and when we sign up, we create a terminal version of the software platform on our computer. Like all distributed computing environments, Metatrader on the server side is rigidly protected against penetration to the server and its core price feed. Of course, the prices themselves for currency pairs do not at all have to come from a bank liquidity provider; they can easily come from a third party, such as Leverate, who provide UFX’s quotes) or Thompson Reuters, the largest provider of quotes).
To scam retail traders (anyone ignorant enough to deposit money into an offshore bank account controlled by a foreign corporation), one would only need to control the actions of their terminal; which would act as what was known in the 70s and 80s as a ‘dumb terminal.’ In other words, the market maker, having slotted you or myself into a B-Book account and its platform variables, functions, algorithms and account pilferage routines, only need to ensure that no actual transactions are made on your terminal, which allow credits to you (and debits to them) to leak out. Instead, they only need to take your B-book transactions, package or aggregate them together with all other B-book account transactions of all other speculators whom they have (convinced or duped, directly or indirectly) to hedge all players against one another.
For example, i am long EURUSD and 56% of retail speculators, who have been unfortunate enough to freely give their earnings to this particular shyster broker, are also. What the broker does (let’s call the broker Chuthl another name for the demon god who eats babies) is instantly match, on order placement, all of my EURUSD tickets with someone else who is short EURUSD, by exactly the same amount and at the identical price. With today’s software (and even going back ten years and more), this is easily possible, even with 10,000 players. Nothing ‘needs’ to be done in ‘real time’ except the ‘notification of order placement’ and the screen printing of that fact; the rest of the action can take place behind the scenes, even a few minutes later (this explains why there is a lot of ‘static’ and your data pipe becomes ‘choked’ during fake news announcements).
So, once your order, my order, and 9998 other BUY EURUSD orders are hedged against 9998 other SELL EURUSD orders, can you see how, without any cost to themselves except for the server, the monthly account servicing fee the broker pays to its quote provider, hardware and system (Metaquotes) suppliers, the actual daily cost to the broker could be in the tens of cents (or less) per client account? At the end of each day, all the broker needs to do is ‘mop up’ excess leverage and keep it under a certain percentage; accounts that present any real risk to this level (say, the excess is 2% of $50,000,000 or $1 million, after hedging everyone to flatten their account.
I did not learn about the ‘flattening’ of accounts because of any great wisdom: i found a comment, some years ago, by an ‘ex banker’ on forex factory. If the ‘excess liquidity’ required to flatten all client accounts amounts to (on average) $1 million a day, this does not actually present any real problem for a shyster market maker, because:
1. Commission alone on 10,000 retail client accounts can easily add up to a significant fraction of this;
2. Spread can be widened by 0.5 or 1 or more pips, on *certain* currency pairs, only throughout the day (especially in advance of ‘fake news’ or, at ‘odd’ hours such as 4 am) in order to generate a good chunk of the required amount;
3. Spikes (artificial prices that are ‘miles away’ from the ‘true market price feed’ (only testable by a few individuals who register as ‘professional traders’ and/or have access to actual bank feeds and/or CME accounts, which show mostly ‘real’ currency and commodity prices) can be inserted on *certain* currency pairs only, in order to liquidate a certain percentage of retail B-book clients. This can, with certain brokers, add up to many millions of dollars in a single month. With FXCM for example (a broker who spiked me numerous times), their ‘arms-length’ liquidity provider had a contract with them to steal $90,000,000 monthly;
4. Server ‘outages’ which are always explained by the shyster market maker as being ‘your computer or connection’ even though you a) live in Japan, where everyone has 100 Mbit connections; b) own a Penta Core Elgydium server running Unix, which has twenty cores, the military encryption and RAID; and multi-tunneling, multi-threading CPUs, that costs you $2000 monthly for service and maintenance);
5. Fake price quotes, slippage, stale prices, fake ticks, fake candles, order delays causing large multi-second slippages and numerous cheats and other cripplewares, used to exploit your client connection (generated through the well-known ‘Metaquotes Plugin’ and other plugins available to shyster brokers and documented online),
6. Outright pilferage and theft from your account, through ‘after the fact’ account revisions (price changes which reduce or eliminate your profit because you were in profit at all), and even timeclock adjustments (i have seen this on my own machine in the last few months only; where my computer clock actually slows down or speeds up relative to the server clock. With today’s computers that do not depend on battery backup for the CPU RTC, this types of activity is obviously initiated on the server side (since no other applications report clock variance with their servers).
There is a lot more to be said and i will be saying it (and a lot more) in my new book.
I really hope you will buy the book (working to finish it and release it online later in the year), as i think it has significant data in it which a) will permanently compromise many if not most Metatrader and other brokers, who have defrauded and financially raped and pillaged from us for so long; and b) greatly assist the retail trader in recovering lost accounts, recovering lost monies, and (or) at least, significantly improving his or her win rate, reducing drawdowns, eliminating shyster broker ‘surprises;’ and preserving capital and even improving the balance. But, if not, you can probably gain a lot from the info i will be releasing online, in the next few months!
Hope the above helps!
*that should be $90,000,000 (90 million) annually. I hope that FXCM is forced to pay back five times what they stole; and every staff member (especially the senior ones and founders) publically whipped and showered with honey, followed by five gallons of fire ants – & # 8211؛ كل.
I have enjoyed the great contributions on this thread ! However – I think there is possibility a chance (no matter how minute) that a trader with an edge (a system that has positive expectation over the long term) WILL BE profitable? For instance, take a look at GBPJPY for this week. Hindsight papaer trading shows that a good system would have made at least 200 Pips due to the wild swings of that pair this week. If our trading systems are unable to tell us (in advance of course, not in hindsight) the points of trend reversal – how is the Broker responsible for that? I have traded since 2008 and have lost over 40,000 USD on FX (not counting opportunity cost of other ways in which I could have spent the countless hours invested into fX trading), so I have a stake in the conspiracy theory view. At the same time something tells me that there are a few guys around the globe, making very good returns (eg over 50% gain monthly) on their accounts – based on flair, voodoo, sophisticated software or whatever. For obvious reasons, they probably are in the silent minority?
& # 8230؛ My views were radically altered after reading the book “Way Of The Turtle” by Curtis Faith. The experiment described in that book shows that even when a profitable trading system is made available and taught to individual traders, the results obtained is likely to be very divergent – some traders will always lose no matter what you do, while some will win.
Lastly, I think we should adopt ideas from the “80-20 Rule” A book written by a great author whose name escapes me now. In all fields of human endeavour, only a few make the most revenues while majority just get by. Think of Michael Jackson vs millions of other talented musicians who never made it to the limelight. Think of Mike Tyson vs hundreds (thousands) of other boxers sweating it out in the gym without a break. Think of great soccer talents all over the ghettos of the world dreaming of playing alongside Neymar (don’t think of what the guy earns per week – you won’t be able to trade Fx anymore :-). The bitter truth is this: FX trading is an unforgiving business. To be successful, your trading prowess has to be at rockstar level or at least not too far behind. In the English soccer league, average performers still make it – in FX, average performers lose their shirt. Only the rock stars smile to the bank. لذا & # 8211؛ given the huge odds against success, why do the mob seem to rush into FX?
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