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Scammers

REVEALED: 14 Ways to Spot a Trading ScamIf you’re new to trading, listen up. There are serpent companies and individuals out there, with only one goal. To make profits and money for themselves and NO one else. They do this by exploiting the newbie trader’s optimism, greed and fear by tricking them into what I call “Easy-Money-Traps”. As a savvy trader, you need to know how to spot and avoid these scams, before you fall victim to one of them. I’m going to kick you off with 15 of the most common trading scams you may find nowadays. SCAM #1: Flaunting money and posing in flashy cars WARNING: When you see an advert with a fake ‘guru’ posing in a Lamborghini holding stacks of cash, this manipulates people into thinking they’re rich. REALITY: Most times the cash notes are fake and worthless, which is prop money that is usually used in movies. It’s also been proven that 90% of these companies or individuals usually rent the car, borrow it from their rich friend or they take selfies in front of a stranger’s car. WHAT TO DO: Don’t believe everything you see online. Scam #2: They chase after your contact number WARNING: When a fake “guru” begs for your contact number and persuades you to buy a trading course or ticket to their seminar. The more aggressive they are trying to get your money, means that their primary income is mostly likely from what they’re trying to sell rather than the money they make when trading. REALITY: A true trader with a product or service to offer, will not pester you, sound desperate and bully you with tons of marketing and promises. Their main goals are to offer you value, help and develop a relationship over time. WHAT TO DO: Never share your contact number just to “Learn More”, “Book A Free Consultation” or “Check Out” information on what the product is about. You will have marketers call you on a weekly basis trying to suck you into buying their products. Scam #3: There is NO background information WARNING: When a scam artist has little to no background or legal information. Whether it’s a trader, broker, money manager or an educator – Never work with anyone who doesn’t have the following: • A website • A proven track record (at least 5 years) • Valuable content • An “About Us” page (To learn more about them) • Contact information • Customer reviews and testimonials (Ask people!) • A company registration number • Tax registration details• Financial regulation • A website that isn’t secured (When it starts with HTTP and not HTTPS) REALITY: Most times these non-regulated individuals will try their luck to get you to deposit money into their account and then will disappear. WHAT TO DO: Always do a full check-up on the person or company through Google, Facebook, websites and reviews and take notes with the bullet points above to see if the person or company is licensed, legit and regulated by independent organisations. Scam #4: You can’t withdraw your money WARNING: Your broker or money maker, doesn’t allow you or limits your ability to withdraw funds or profits. Whenever there are delays to withdraw your money, chances are you’re dealing with illegitimate trading companies. It should never take more than a few days for your money to be returned… WHAT TO DO: Don’t invest a single cent more into the company, until you have received your funds. Use your rights and speak to a lawyer about your options, in order to find a way to get your money back. NOTE: This does not apply to fixed-term securities such as, hedge funds, bonds, retirement funds with periodic redemption rights and other constraints. Scam #5: Failure to prove their BOGUS trading results WARNING: When you see someone bragging about their winning trades or money they made for the day and how they can help you – but not willing to prove their results. Watch out with Facebook and Instagram posts on traders posting fake trading results on Telegram, MyFxBook, WhatsApp and other groups. REALITY: If they are not willing to prove their results, chances are they have been Photoshopped and are only trading with a demo account. Also you’ll see them posting their gains and winnings only and never their losses. This is a big red-flag for me which screams out – SCAM! WHAT TO DO: Avoid any person who is not willing to share their broker statements or trading results which have been verified by a reputable and licensed firm. Scam #6: When they urge you to buy immediately WARNING: When someone tries one of their high-pressure sales techniques to get you to invest or buy a product or service on the spot. If ever you get one of those sleazy salesperson’s try to intimidate you, make you feel stupid for not making a decision – warnings bells should ring. Many con artists, will pressure you with limited time offers or tell you to buy on the phone or you’ll lose the deal. REALITY: A legit and ethical company will never create such urgency. They will in fact, want you to do your own research, consider your options and take your time to see if their product or service offered will benefit you or not. They will NEVER force you to buy anything on the spot. WHAT TO DO: Do your own research before you make a decision, and make sure you leave those high-pressure salesmen charlatans. Scam #7: You hear bad investment advice or too-good-to-be-true deals WARNING: When you hear bogus advice or too-good-to-be-true statements from an individual or company that is contrary to anything you’ve ever been told. As soon as you hear any of these messages, they are most likely scams: • “You can put your life savings into our brokerage firm.” • “Follow our +80% win rate trading system.” • “Do you want GUARANTEED returns?” • “Take out a loan and invest with us.” • “You’ll bank over 10% a month.” • “We don’t use stop losses.” • “100% accurate signals.” • “Get rich quickly.” • “Easy money.” WHAT TO DO: Don’t run away just yet. Do the full check up on the company and with their track record and then decide for yourself. Most times it’s just the marketing agency, rather than the actual trader, who’s trying to hype up the copy through their copywriting, Click Funnels, Value Ladders etc… Scam #8: They ask for your personal information WARNING: When someone asks you for unnecessary personal information to make a transaction. There are salesperson’s out there that will ask you for a bunch of unnecessary personal information including: • Bank card details • Facebook account details • Phone number • Income per month • Trading account password • Home address REALITY: If you’re looking to invest in a trading product or service or open an account with an institution, then no trusted and legit company will ever ask for the above details. WHAT TO DO: Never give any details to an individual or company that you don’t trust. You can also ask for their Terms & Conditions and Privacy Policy statements, to read each detail of their security and privacy matters. Scam #9: You get a call from a stranger WARNING: You may get an unexpected and unsolicited local or international phone call “cold call”, email, letter or personal visit from a stranger offering you a deal. REALITY: These are most times marketers or customer services trying to sell you something, in order to make a sale. WHAT TO DO: Kindly tell them to remove your number off their data-base and that you will do your own research and will call them back if you are interested in what they have to offer. Scam #9: Watch out for bad wording WARNING: When the company or individual is packed with bad wording. Bad wording includes: • Misspellings • Incorrect dates (Look at the footer of a website where it says ©) • Badly written content • Unprofessional content i.e. emoticons, !!!, ??? and swearing • Typos everywhere • URL website has spelling mistakes e.g. (Foerxtrading.com) WHAT TO DO: This should be your judgement… NOTE: I personally am sceptical whenever I see any of the above, even though I may make a typo or grammar mistake with my own content every now and then. Scam #10: The never-ending Facebook scams WARNING: When you see posts that offer you free signals, tools, get rich quick messages or advertising ploys that direct you to deposit money. You’ll see countless scams on a daily basis in Facebook groups and pages that will direct you away from them by sending messages such as: • “Inbox me” • “Ask how” • “Join our Telegram” • “100% accurate signals” • “Reply add” • “Do you know you can make XXX amount of money” • “Click this link” • “Ask for more info” • “Daily free signals” • “Daily 200 – 500 pips” • “Guaranteed results” • “No scam” WHAT TO DO: Do your thorough research and follow the above #3 step before making your decision. EXTRA TRADING SCAMS TO WATCH OUT FOR: #11: Trading software, robot or EA that guarantees a +70% win rate system. #12: Fake Facebook profile name, picture with dodgy friends. #13: Any product or service that promises “Zero-Risk”. #14: Any notion that promises you riches quickly and tells you to trust them or take their word for it. If you enjoyed this trading lesson of the day let me know in the comments and follow me for more daily tips. Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
BTC Will Fall: The War on Fraud BeginsBTC triple topped into the ascending triangle which broke down to the downside, an extremely bearish move. I wondered why altcoins are up and I believe it is because everyone is liquidating out of BTC and potentially into stablecoins. I strongly believe this investment by the US gov into the IRS is to crack down on illegal principles funded by drug dealers, credit card scammers, and unemployment fraud scammers, who use the blockchain network as a web for their operations, I strongly believe this also includes the cartel but I think the cartel > is way stronger than the government and we'd never come for them, but actually, that would make more sense into why we're funding out IRS as a military at the moment, fascinating. Just to explain how this web works. Someone can pretend to be you, order unemployment debit cards to YOUR address, stand outside of your house, and catch any mail that would've notified you of this activity. They will then proceed, to deposit this let's say for example $10k into BTC. They will then proceed to advertise to people "hey, send me 5k, and I'll double it, to 10k and send it to you" these people take their tax-paid cash hard-earned and then send it to the scammers. These scammers now have 5k in clean free cash flow, and the victim who sent them 5k is going to be sent 10k in illegal cash flow. Now the blame is spread across the American people. And just imagine what was happening when stimulus checks for thousands of dollars were floating through to people that didn't know if they were eligible. Another point I also have is that most BTC holders don't pay their fair amount of tax on capital gains. Even these public millionaires I believe use the BTC as a tool to escape taxes. Anyone can simply say "oh, I lost the crypto wallet password, I have no capital gains" which is technically true because I have sent crypto through the wrong network before and lost it, however, exchanges account for that information and I'd be safe. However, these degenerates who think the government isn't a mafia, are going to be taken by surprise by the amount of taxes they will need to pay, forcing them to liquidate. This second point is dependent on how the IRS classifies BTC, because if it's property, then things are different because you don't pay capital gains on your house, but you do pay a property tax year over year so there's that, they'll potentially put in a "Billionaire Bill" which forces people to liquidate and pay taxes for owning their property based on a percent. If not treated as property and instead as an asset or currency, then spitball fire and this is gonna be a messy slaughterhouse of taxes needing to be paid, I believe both possibilities lead to a bearish decline to at least 21k, then a potential 19k, I'll see if 18-19k support holds, then go in, but if not we could see bearish lands of 11k but I don't honestly see 11k happening unless huge market activity pushes this sentiment.
Short
by kibakilla33
6
AMAZON is SCAM!!!Long while ago Amazon send me unwanted packages, in addition to that they gave me a unwanted partnership. I just called an Amazon support, they have sent me a the details to send the packages back to them. So I sent the packages back to them. Today I received a letter. The letter says that I have to pay for the unwanted package, otherwise I get judicial consequences. I know that I will not receive any compensation for the damage. Thanks to you Amazon. Now I have called them and they will message me again. I hope Amazon stop bothering me. Meanwhile dump this shit stock to the bottom.
NASDAQ:AMZNShort
by Applecoconut
2
Good Job Bitstamp Scammer Whale Bull TriangleThere's no buyers and you know it. Pinch me I'm still not Bullish, despite the BSW (Bitstamp Scammer Whale)'s best efforts to try and build Bullish Formations, that are mostly getting exposed for having no rhyme and reason. Zoom way in and No Volume with eradic movement. Look at another exchange with liquidity, the Bear is easy to see. But I guess there's some heavy influencial BTC on Bitstamp I dunno. Bored but watching. Watchin forever. I'm supposed to love Bitcoin and love takes time so I'm a never leave you Bitcoin. I'm a watch you retrace to 3620 and then 3520 and then 700. If we go up 3720, the top of the "Bullish" Channel offers resistance. I KNOW NOTHING. Question: Is Bitcoin for everyone EXCEPT homeless people? Is it just for rich people to get richer? I hear a lot of SJW in the CryptoWorld. Is Bitcoin just supposed to help us depopulate or nurture humanity? These are just things that go through my head as I try to look for opportunity on charts from a phone in my cardboard box.
BITSTAMP:BTCUSD
by allthemoneys
AMAZING trading educators.Hello, today I want to take a look at all these AMAZING "expert" trading educators. They truly are experts at being trading educators. I just stumbled upon one of them. Oh my. Wow. "I am a trader I know everything about finance here are my random tips that make no sense or are generic motivational tips. But I am a real investor I buy and sell foreal" Age: Around 35. Formation: College of business - Marketing. Business card: Internet marketing strategist. Personal business coach. Occupations after university: Creating typical infomercial pages to sell his expertise on random subject #. A site about... jewelry? A site about learning to trade? A site about creating your own business? A site about Marketing? Oh that one must be good thought. All expensive of course. master expertise does not come for free. Wrote over a dozen books on various unrelated subject to explain his expertise. 35 yo and already an expert at pretty much everything. Strong expertise at being an expert. A review about his trading site: "is not a trader. He has no verifiable track record of any trading success, nor does he publish a track record of any trades. At least he is honest about this." Wait what? No? He acts like he trades all the time in his videos! "does not trade. Yet he is offering private mentoring at a cost $20,000 to learn “The Secrets of the Stock Market”. In addition to the private mentoring, he is offering various books, courses and DVD’s on how to become a master trader. Unfortunately, he has no track record of any successful trading whatsoever. However, I must give him credit for expertly recreating already published material." AAAAH MY HEART. It hurts. aaaa ouch. This can't be good I think... ok let's breathe. $20,000? No one is buying that right? Right? There is a cheaper much cheaper version and this is what people go for? WTF. This guy just reads random pieces of text off the internet and repeats it, sometimes in the wrong order. "Oh ye companies need these marketing people because..." This is just beyond.... There is literally nothing. It's all marketting. This is so disgusting I actually feel bad. I just want to vomit. It really is absolutely disgusting. Wow. I just do not know what to say. He rapes babies too? Hey, as long as he is honest about it then it is all forgiven. Is this an episode of the simpsons? Is this Dr Nick irl? "oh ye I learned how to be a doctor by watching this video you know..." If you are interested in someone holding your hand or sharing his system or whatever, make sure you know the basics, and pick someone with a verifiable track record, has worked for Goldman's or something, or screenshot of his trading history + passport, and check his content make sure it isn't trash. If 3000 hours is what is required to be decent at something and understand its intricacies (and 9000 hours to be a master - just a vague idea and don't expect to be pro just because you spent time on something), with 8 hours a day 5 days a week it will take 1 year and 6 months. Interestingly we hear alot that traders started being consistently profitable and/or stop doing plenty of mistakes after around that time. Sometimes 6 months, 1 year, 2 years, depends. I feel like everyone is a scammer right now... Do they even trade? I know 90% of the crypto authors that sell something are. The 10% left...? Do they even open trades?
DJ:DJIEducation
by MrRenev
8