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Messages - successlynk

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STOCK and FOREX EXCHANGE / Re: beware of fraudstars in forex business
« on: April 17, 2010, 06:58:58 PM »

I will not agree to the fact that all forex manage account or whatsoever you call them are scam.   I recently lost over N1.  3million to one of this stuff in lagos.   The guy trade forex with people's money and because of the testimonies of his customer i joined but after few weeks he lost all our money.   Is that scam? Many people blindly go into forex trade or join forex club or manage account because of the so-called huge profit they are promised or they think the business will yield but to be disappointed by the high level of risk of trading forex. 

The worse part of the matter is that most of these so-called traders especially in Nigeria are people that are trying to make ends meet.   They are not good traders but people that have been dogmatized or made to believe that forex is the way out of poverty. 

Ask your friend or someone else why they want to invest into forex they will tell you that because of the profit.   I can tell you that 99.  8% of the so-called forex traders are gamblers who didn't know what they are doing.   And to make the situation worse they will disappear if things go wrong. 

It was after i lost N1.  3m that i discover that this whole issue of bring money and i will trade forex for you is a mess and highly risky.   forex is not meant for young, unemployed or underemployed people it is meant for people who can avoid to loss at least $10000 or more without feeling the impart. 
Why forex trade when you can try other less-risky and highly lucrative internet business.   See this blog for one of such business: eiftreasure.  blogspot.  com

Post Merge: April 17, 2010, 07:06:08 PM
there is nothing wrong trading forex but if you want to trade it yourself or join forex manage account think of the risk involve or else you will regret it.

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