How to Detect Forex Scavengers

Hello Traders,

This article is going to raise some eye brows from guilty parties, but at Forexdorm we are committed to giving our traders the best information needed to win in the forex market.

I define forex scavengers as those that have decided to prey on new forex traders by sugar coating the true benefits of trading the market.

1. They guarantee huge returns every week.

Anyone who promises huge return trading forex every week is either ignorant of the market or an opportunist trying to take advantage of your ignorance.

2. They only flash winning trades in your eyes

Anyone who flashes only winning trades in your face or liters your inbox is probably a failed trader trying to make money any other way than trading the market.

Any trader can hit huge profit by trading huge lot size. The purpose of this article is to make you know better.

3. They advertise expert advisors (robots) as the password to huge returns and long-term success in the forex market.

In simple terms, if robots were the sole password to Forex trading, every one who can afford one will never have to work again.

4. They say you don’t have to know a thing about trading to make money

Scavengers tell you that you don’t not need to know about trading before opening a live account because they want to sell you signals and get money off you.

Conclusively, success in life requires hard work and dedication, the forex market is no exception.

BEWARE OF SCAVENGERS.

Feel free to share and drop comments.

At ForexDorm we are committed to painting the true image of forex trading and help traders become more profitable for a lifetime. Forex trading is a never ending marathon.

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubt.

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