Forex Peace Army Education>

[elah024]

Originally Posted by Pharaoh

Define "this".

Trading? Since I was about 6. (Dad worked for a major brokerage firm when I was a kid.)

Forex? Only since 2007. Having a background in stock trading helped - some.

Teaching? Forever. Just about every job I've had involved some sort of teaching or training, either of my clients or coworkers. I've also taught in public schools in the USA and taught English in China. I've had classes teaching 2nd graders. I've had classes teaching the Dean of a College along with MDs and PhDs. I've taught poor factory workers and rich factory owners. I'm a 4th generation teacher, so I guess it's genetic.

Scam busting online? Since 1993 or 94. Started as soon as I got access to online newsgroups. I always did the netcop thing in a few select newsgroups and wrecked the day (and the internet accounts) of a lot of idiots posting "Make Money Fast" pyramid schemes. Later, I did tech support at various places. For one service that used to provide free web-based email services, I started hunting 419-type scammers. I shut down thousands of their accounts and sent warnings to anyone who was in communication with them.


Getting back to the primary topic of this thread - part of learning is the same as part of avoiding getting scammed. You have to examine new information and see if it makes sense to you. If it doesn't, ask questions and make sure you get good answers. If a teacher gives you bogus answers, it's probably because he/she doesn't want to admit a gap in knowledge. If a company gives you bogus answers, it's probably because they plan something bad for your bank account.

you've been doing this for a long time already, right? now thats what guru means..wow.. you've been through a lot. continue helping others. anyway, why would people think of getting money from others where in fact people keep on telling that forex trading is the easiest way on making real money for forex is the biggest stock trading exsisting now days?

[ALVIN]

Hello everybody.. Yeah...nice story...Very nice. Right now i'm looking nice account manager too although right now i managed people account with scalping trading mode. As far as i see this: Forex Assets Management Fund - promised ROI 100%in one month. Can someone give a comment/experience with this FX acc manager?? Thank you

[Pharaoh]

100% in a month is possible, but only by taking extreme risks. I see on the site that he only wants your account number and password. That means no LPOA and no contract. If he crashes your account, you are out of luck. If he makes money for you, your broker may have the legal right to cancel the trades.

Someone like this could easily trade two accounts in opposite directions with extreme risk. One client makes a lot of money and pays high performance fees (before a possible cancellation of trades by the broker). The other gets a margin call.

Never use any account manager without an LPOA in place and a contract specifying risk levels.

[rajendransg]

Dear Pharoah,
Thanks for the informative article. I am Rajendran from India. Your article was precise and informative. We Indians came to know a lot from your article about ' managed accounts '. Keep it up!. My thanks to FPA for doing great service to humans.
All the best S G Rajendran

[K.UTHIRAPATHY]

Dear Sir,

During the period of 1990 I started the concept of Mutual Funds in India and slowly that has now become the largest investment in India.Now I wanted to study the foreign exchange system and its working and for this purpose I was browsing several websites and find this website to be extremely usuful and note worthy.I thank the team who have painstakingly done the research and have come up with the article.Kindly convey my felicitations to the team for their excellent work.

K.UTHIRAPATHY