Forex Scams Vs Honesty
Posted by Dennis in Currency Trading, FOREX, Scams
Forex Scams are easy to spot.
First, a Scam makes amazing claims like "Make 200 pips a week" Oops, thats me.
However the difference between a Scammer and me is they don't offer any evidence to back their claims. I do. You will see my trade results week after week.
Often scammers will use terms like "my friend/associate/NY trade pimp showed me his results/bank account/list of johns" and it was amazing! Or they will use terms like "no risk" "100% guaranteed" etc.
I on the other hand will freely tell you that I have lost a whole lot more than I have made yet. In fact, as far as I am concerned, risk is the whole ball of wax. It is why I trade. I want the very high return on investment that only comes with high risk.
Second, a Scam will always be selling something. I am selling nothing. I won't even put ads on this blog (unless they come as part of a widget that I like!) Everything I offer here is free. Not every website, blog, or group that is selling something related to Forex is a Scam. Most are not. But every Scam is selling something.
Third, most Scammers are Idiots (with a capital "I"). If they are selling something and the first information you can find on them is 2 months before they started selling their amazing proven system, I am certain that they are dumb and stupid. I have spent 4 years following Forex. I am quite confident that I am smart enough not to sell anything based upon my experience.
Nonetheless, I have learned quite a bit. I am sharing that for free. I am also inviting all forex traders whether newbie or old hat to join me in this real time growing experience. I will use my Guerrilla Trading tactics to make 200 pips a week.
The Scammers p--- me off. I hope you appreciate my honesty.
Update: The results you see are from a real dollar account. I could show you my demo accounts where I have had long stretches of over 400 pips a week but the live account is real. There is no better proof of a system or the trader than real results with real money.
I use a demo account to trade after I have reached my target for the week. I dink around with it, take risker trades, hold positions longer and generally have fun with it.