Anyone who fell for the forex trading scam, im wondering specifically what is in it for the scammers? How does it work? I fell for the Cut co scam and I figured out whats going on behind the scenes, or at least I think I did. Those people don’t actually give a shit if you sell the knives or not.. if they wanted to sell knives they would hire real salesman.. they care about the fact that you give them the name, phone number, and email address of everyone that you do the “knife sale demo” to... because they can sell that information to other businesses for tons of money.. that and they just try to get you to push and manipulate friends and family into buying a 1,000 dollar set of fucking knives. At least thats what ive been able to figure out from my one week “working” with them.. So given that information, I just cannot seem to figure out what the “scam” is in this forex bullshit.. because I dont think you do actual presentations where you gather information from idiots.. Forex in itself is a real thing and if you treat it like any other type of investing there is a real way to make money, HOWEVER listening to other 20 year olds tell you about how you can become a millionaire overnight is a pretty great tell that its all bullshit.. So my question is, has anyone been able to figure out whats really going on behind the scenes? Is it market manipulation? (Ie. jordan Belfort type pumping and dumping) Or is it just giving people a program on the trading platform to make halfway decent trades and taking a cut of the money you make?
Instagram forex traders will not make you successful.
I feel like I need to have a rant. I have been trading for just over a year now and I have just started to become profitable. What made me profitable? Blocking out all of the rubbish that comes from forex Instagram. I didn’t find a fancy new strategy. I’m using the strategy that I formed in the first 3 months of me trading. So why only now am I starting to become profitable when I knew about the strategy almost a year ago? Because i chose to digest information coming from instagram forex traders. I’m not talking about the obvious scammers you see on your Instagram feed such as IML, broker commission marketers, or any of the likes. I’m talking about the select few that portray themselves as trading veterans and are popular in the trading community. They are constantly posting on their stories/profile 24/7. At least once a day they will post something like ‘only 2 slots left In my mentorship’ or ‘come join my free telegram channel’. Warning: if a trader you follow is trying to promote something, even if it’s just for Instagram followers, unfollow them. They will not help you become successful. So I had my strategy by month 3 of trading. I backtested it and it worked. But I started taking advice from these traders, I got my hands on a few of their courses and my trading began to fail. Every single course was pathetic. Never showed any live trading. No proof of anything. Always making excuses of why they can’t tag their MyFxBook. I unfollowed all these ‘traders’ and now I am profitable. Rant over.
I am a proponent of jack bogles investing strategy. So don't really buy into active trading etc. Especially for the newbie. But recently there seems to be so many forex instagram accounts, MLM schemes and Courses that are everywhere? Can anyone explain where this hype came from?
MLM Scheme Plaguing My County - How (and should) I report it?
Hey all, so some quick background - I’m a fairly large YouTuber and as a result of this I get a lot of DMs from people on instagram. As of recently I've encountered a massive scheme via DMs which is preying upon tons of people in the area I live. I'm sure many of you are aware of “forex” instagram scams. Without having bought in myself to find out exactly how it works, it seems pretty clear it's a pyramid scheme where people advertising they reached rank “platinum whatever” just means they have X amount of people under them earning them X amount a month (note the rank P5000 in the image attached below). A few of my friends were looped into this scam and lost money from it unfortunately, and these local "recruiters" keep trying to get more people to buy in. That's why I’m here: I’m wondering what I should do, and if I even can do anything, to try and stop this from continuing. Any and all advice is welcome, and opinions on what you think is going on is even more appreciated (because my knowledge is limited, and I didn’t actually want to participate in the problem to find out the intricacies). I blurred the attached image because apparently we can't link people on this Reddit, but I think what you are able to see in the image should be self-explanatory for the system that's setup. Thanks everyone ! this is the account who appears to be at the highest level of the scheme in my area
Is it just me or is every second fella from dublin a forex trader ? How does this even work ? Is there a chance it’s a money laundering method or are they genuinely making real cash trading forex ? Last week I was contacted by two forex trader asking me if I wanted to make some cash. I said yes and he then went on to ask for more details. I didn’t follow up just because I wasn’t bothered but whats the story with them fx traders ? Anyone ??
So I see a lot of people becoming “forex traders” and self promoting on Instagram a lot. I’m not the best at school either but these are the same guys who couldn’t add 1 + 1 in high school and are now suddenly making $100+ on the regular. Are these guys even making money off forex or? Because I see they try to get you referred and then supposedly sell you the course and you repeat this same process with other people. I’m not exactly sure what they do besides trade currency (if they even do) tbh but are these guys legit?
Hi emart561, you're not shadowbanned, but 6 of your most recent 100 comments/submissions were removed. They may be removed automatically by spam filters and not necessarily by human moderators. Comment (1pts) in giftcardexchange, "[H] 75% BTC [W] $90 amazon GC", (20 Jul 19):
What's the story with all these forex traders/scammers on Instagram?
Any young people (or anyone else at all, I got roped into this when I was a naive 21 year old) on here heed my warning when I say avoid these people. They are making zero money from their trades and majority of their money is generated by trying to get suckers like you & me to sign up and deposit money that we will eventually lose. Think about it if they were really so good at investing and their returns were as good as they promise why the FUCK would they waste their time trying to teach someone else to do it and potentially ruin their trading strategy by loads of people adopting it? These people are con artists/marketers and they only make money from you, not from trades.
Anyone else's Instagram infested with Forex "traders"
Its obvious from the get go they havent a fucking clue about trading currency or how markets work, and are simply trying to show off a fake Jordan Belfort type lifestyle (rented Lambo, used BMW, and a trip to either Ibiza or Dubai) in order to get people to fall for their pyramid scheme. They all wear Canada Goose and Gucci and look like they'd be selling coke if they weren't trapped in a mlm. Just wondering if anyone else is tired of seeing this shit. Do you know anyone who's fallen for it? I'm curious as to how the scam actually works.
Hi guys... I've obviously done something really stupid and lost all my money depositing money in forex advised by a Instagram trader...ended up depositing £350 which is all lost after just 3 weeks...no contact from the game! Is it legal for these guys? How do they get away with it? I also bought some signals from him....are they even legal to sell? The signals are trash, I have no idea where he's getting them from.
What’s the deal with all these forex traders on Instagram?
For the past several months my instagram has been increasingly growing with people advertising forex trading. They all basically preach the same thing by saying “Escape the 9-5”, and “do you want to be financially free?”, etc. Surely this isn’t actually legit right? These people are even offering classes to teach you how to do it (you have to pay them of course). I don’t know the first thing about investing or trading, but I feel like those that actually know how to trade simply won’t just teach you in like 2 months for $200. Can somebody give some insight on this? It seems like such a scam and pyramid scheme to me but so many people are doing it I just wanna make sure.
Forex on Instagram – Scam 7: Fake Accounts. With the advancement of technology, there are many well-run online scams on social media when it comes to Forex. Some have over a thousand 'followers' losing money as the fraud is advertised as a get rich quick scheme. People are signed up to a trading platform through so-called 'companies' and are asked to deposit their hard-earned money to ... So I see a lot of people becoming “forex traders” and self promoting on Instagram a lot. I’m not the best at school either but these are the same guys who couldn’t add 1 + 1 in high school and are now suddenly making $100+ on the regular. Second most liked instagram hashtags used with forex. Copy. #forexprofit #financialfreedom #finance #wallstreet #wealth #trade #tradingforex #millionaire #forexeducation #motivation #daytrading #forextrade #ethereum #profit #makemoney #forexanalysis #luxury #forexmoney #gold #usa #bitcoins #eurusd #forexmentor #forexindonesia #pips #cash #technicalanalysis #lifestyle #like #workfromhome . Use ... Please add your experiences of instagram & Youtube Scammers who claim to earn $1000's everyday but in reality they are not even profitable and are looking to sell you a course, mentoring or some other crap that doesn't work. My 2 cents on a recent Instagram & Youtube scammer I came across called uncle ted & Raja from Wicksdontlie. They have a live youtube feed everyday that gets a regular ... Instagram runs on Windows but should also be a mainstay on your mobile device. Is there a better alternative? The mobile app is still the best way to experience Instagram. It contains all of the features of the app without any of the drawbacks found with the Windows version. Alternative social media applications are of course Facebook and Snapchat that emphasize interactions with people. If ... He is an important forex mentor to follow on Instagram. 2. Millionaire Mentor (@millionaire_mentor) With a whopping 3.2 million followers, this is one of the most prominent Instagram accounts for forex traders. It also provides useful information about cryptocurrencies, commodities, and stocks. Get ready for images of luxury with bold inspirational quotes included on this account. 3 ... Instagram has seen an explosion of flashy forex traders flogging signals and copy-trading schemes as pictures of them posing with sports cars and luxury gear give an illusion of trading success.
So some of you have asked for a Q&A on some forex related and lifestyle related questions, there is a lot of these online instagram forex traders claiming lo... Bergabung GRATIS ke Ruang Diskusi Komunitas kita di NFC Public Lounge http://www.nfcvip.net/komunitas/ Ikuti Kelas Forex FFC (Forex First Class) yang Harus d... Please don't join any Forex Groups Follow me on Instagram • https://www.Instagram.com/itslova All updates on Twitter • https://www.twitter.com/itslova Im such a crybaby but Ya this is my story on How I got Scammed by Forex. Get A Ticket to My POP UP0p]: https://www.ashakosh.com/shop NEW VIDEOS EVERY WEDNESD... Biaheza’s Forex Video- https://youtu.be/Z0QLk-LYwPM Forex Backtesting Simulator- https://ForexSimulator.com Indicators- https://PipsAhoy.com/downloads Good b... Best forex Instagram accounts for forex traders wanting to learn forex trading. Social media has infiltrated the finance world with many traders now taking to Instagram to share information and ... Classicforextrader is a South African trader who has been in the financial market for sometimes through my experiences I realized that lot of people don't ha... Time to round em uuuup! More names coming soon! It’s time to explain to the people they need answers Bucko! @austinsilverfx @kingshaunlee @fxdanielsavage @cu...