beware of fraudstars in forex business

[Jens Taiwo]

beware of people who proclaim to be fund mangers but they are not, i ve tested their capabilities and found them to be fraudsters.  .  .   they come in the name of sweet angel MICHAEL but end up being dark angel LUCIFER.  .   they are even on the Nigerian best forum.  .  .  they sell goods, or softwares, yes.  .  but dont give them your money to manage claiming they will make huge money/profit at the end of the month or monthly basis.  .  .  they calim to be NO1 in nigeria,,but they are actually the last people any any should ever try.  .  .  pls beware  .  .  .   i wont want to mention names, but a word is enough for the wise man

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[Prince]

Thanks for your advice, i have been warning people.
Please look before you jump.

[chidi_nwaogu]

Thanks 4 the advice.  i appreciate it

[forexpert]

Why would any right thinking person put their money in investors whom they have not properly investigated properly.  Infact, I would say invest your money and manage it yourself.  Trade the forex market yourself.  If you can work anywhere and make enough money to invest with fund managers who might just abscond with your money, then you can trade the forex.  it is not more risky that putting your money with fund managers.
Trade and forex and do it right and I assure you, you'd do much better than twice of what the best fund manager can give you.
visit www. babypips. com if you need instructions in forex.  They are the best as far as I know.

[Holyguy]

Guy I appreciate your advice. Bravo! Bravo!! Bravo!! to you.

[Nigeriana123]

Forex is a high risk business.  Fake money managers are making it even more difficult.  Beware.  The advice is timely

[2napa]

Thanks 4 d advice am a also forex trader
Post Merge: March 25, 2010, 08:02:26 PMThanks 4 d advice am  also a forex trader
Post Merge: March 25, 2010, 08:03:43 PMThanks 4 d advice am  also a forex trader

[fancybynature4ever@yahoo.]

Thanks

[balogunsesan]

All you have said is true.  Never give your money to anyone to manage for you.  Some of them even go to the extent of promising you high returns on investment but at the end of the day fails to deliver.

The best bet is this, Create your forex trading account yourself and link it to your domiciliary account.  You can then give it to a good forex manager to manage on your behalf.  Nerve and Never give your money to ANYONE.

CHECK THIS WEBSITE OUT FOR MORE INFORMATION.  www. balsesbiz. com/products/forex_account_management/

Its the best FOREX ACCOUNT MANAGEMENT COMPANY IN THE CITY OF LAGOS. 

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[Tunero]

I agree with those comments.    If you are thinking of giving your funds to a manager make sure you do your due diligence.    Personally, I would prefer to learn myself - and anyone can! Go to www.  babypips.  com to get educated, and to www.  forexpeacearmy.  com to get trained.    And check out my free e-books at www. stresslessforexsystem. com!

[walata10]

Good day fellow trader, i am not hear to hype or gimmick anybody here but hear to share my own knowledge in forex world,
Well, i have been a consistent trader for about 5years now, and i have come with amazing robot which has been sucking money in the forex world, and is being generated by myself with strictly money management if you know you greedy pls stay clear because forex trading is not for you.   
All of us know MT4STATS.   COM that they will never give fake results, they post it as it is live and direct.   
Therefore, i want you to check some of my acct that has been running on mt4stats and contact me if you are interested and have some comment.    you can as well send your reply as a post or mail to waldun2000@gmail.   com
Here are the link:
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hxxp:  philip3.  mt4stats.  com
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hxxp:  daniel2.  mt4stats.  com
http: //bunmi3.  mt4stats.  com
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Check out those acct as many are yet to be posted.   
Have a lovely trading life

[legsceo]

The problem is basically the mentality of our people.  People want to make money but are not prepared to do what it takes to get to the promised land.

I have been in forex for four years now, and it took me a good while to get a grip of the market.  Even now, we get occasional surprises.  I always advise against giving money to anyone to trade for you.  It's better to learn the trade and do it yourself.

[Tunero]

The problem is basically the mentality of our people.    People want to make money but are not prepared to do what it takes to get to the promised land.  

I have been in forex for four years now, and it took me a good while to get a grip of the market.    Even now, we get occasional surprises.    I always advise against giving money to anyone to trade for you.    It's better to learn the trade and do it yourself.  

Hear hear! I think this just about sums up the whole picture in Nigeria.   We've had all kinds of promises from wonder banks, scammers, one-time successes (God knows where they are now), etc.   The fact is it's best to learn on your own, or get training from someone with a solid foundation.   Many people want to get rich quick, without putting in the necessary sweat and blood and tears.   I run training courses and market a good self-developed system myself on www.  stresslessforexsystem.  com, but personally I would not wish to train or offer help to someone who would not want to see the reality of the situation and be patient and disciplined enough to learn.  Plus all these supposedly no-loss robots and systems - sheesh! I would have been amused if I did not feel pity for those who fall victim to such.

[Nigeriana123]

Learn the basics of forex trading first, then invest small amount to see how it goes.  Keep learning till you make consistent profits.

[EltonMayo]

I personally do not trust all these managed forex accounts.  I think 99.  9% of them are scam.   I prefer to trust my knowledge. 

[stiano]

I personally do not trust all these managed forex accounts.   I think 99.   9% of them are scam.    I prefer to trust my knowledge.   

you are right guy.  but instead of managed forex accounts system, why not be getting signals from reliable sources, like myself.  check me @ sundayogunbiyi. blogspot. com

[successlynk]

Hello,

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 PMthere 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.

[inyonkfx]

thanks for your advice, i am newbie at forex.  your advice helpfully me for learning forex trading .  thanks a lot

[lender]

There is no business in the world any one can be suceesful without proper understanding of the business.     The reverse is the case in most naija that engage in forex trading.     Forex market is the most volatile market any one can ever think of.     Armed yourself with good knowledge of how the market operates.     To build a long business in fore market you can download the absolutely free ebook on how to profitably trade forex market   www. forex-profit-trading. com/freebook. htm

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[fxsignal]

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[swiftecurrency]

The best bet is to learn the ropes in forex yourself and never give your money to anyone to trade for you.