Moretti202
Recruit
- Messages
- 1
Hi, - Long Post Warning -
I'm new to this forum but have been studying Forex for around 6 months now.
I've never blown an account, never trusted any “expert” enough to buy anything and I am very careful with my funds. I have a few comments and questions and would like to get peoples take on it.
1. Is it all a big scam?
The reason I ask this is that I've watched a LOT of YouTube videos, read a load of blogs, reviews and training guides/videos/literature and believe I can get OK results when trading but nothing consistent enough to make me give up my full time job which is expected for such a small timeframe.
I'm not opposed to paying a professional for training so I become better at something. I do this in my line of work all the time, most of the time its video courses which work well for me.
The biggest and most frustrating thing I have found as a newbie is that this industry/sector seems to be absolutely rife with scam artists; Some are blatantly obvious, others are a bit more cunning which takes a bit of digging to expose. Initially I found forum postings and bad reviews where people were saying they were scammed out of thousands (sometimes tens of thousands) by company XYZ for "training". Initially I thought they hadn’t done their due-diligence and were just poor saps that seem to have lots of cash to blow (this appears to be the case for some) but then there were a few individuals who have posted scam claims or other nefarious comments for organisations I've used before which I thought were legitimate and their content genuinely useful.
In most areas of business, you have organisations that offer a service and then you have a few trusted review sites or other means of finding if an organisation should be avoided but for Trading it seems to be much more difficult.
Even the review sites have review sites which constantly contradict each other and appear to be littered with either fake positive reviews which are clearly paid for or fake negative reviews (conveniently with a "we'll help get your money back" link). FPA and tradingschool.org both have positive and negative reviews for the same thing.
So my question here is, has anyone actually made/making a living off of trading successfully?
By this I mean actually trading with real funds and not a secondary income like "training" or "mentoring" as this appears to be how most of these "specialists" seem to be making a living.
2. Is there any genuine training material out there that will lead to success?
It doesn't matter if it’s a forum, videos, live mentoring/screenshare or even a book. The one I looked at recently was Nicholas Puri's "Duomo Initiative". This site is clearly head and shoulders above the rest in terms of quality of production (site and videos) and (as far as I can tell) the content; Although I don't consider myself qualified enough to determine if the content will serve in the long run. I have since avoided this for now as there was a very negative review of this offering by trading schools.
And this is what has landed me here... As every piece of information I find seems to come with a handful of terrible reviews of "crook, criminal, scammer" along with another handful of comments saying "changed my life, amazing" which has instilled major trust issues of pretty much the entire industry.
Any help would be appreciated and Thanks for reading if you got this far
I'm new to this forum but have been studying Forex for around 6 months now.
I've never blown an account, never trusted any “expert” enough to buy anything and I am very careful with my funds. I have a few comments and questions and would like to get peoples take on it.
1. Is it all a big scam?
The reason I ask this is that I've watched a LOT of YouTube videos, read a load of blogs, reviews and training guides/videos/literature and believe I can get OK results when trading but nothing consistent enough to make me give up my full time job which is expected for such a small timeframe.
I'm not opposed to paying a professional for training so I become better at something. I do this in my line of work all the time, most of the time its video courses which work well for me.
The biggest and most frustrating thing I have found as a newbie is that this industry/sector seems to be absolutely rife with scam artists; Some are blatantly obvious, others are a bit more cunning which takes a bit of digging to expose. Initially I found forum postings and bad reviews where people were saying they were scammed out of thousands (sometimes tens of thousands) by company XYZ for "training". Initially I thought they hadn’t done their due-diligence and were just poor saps that seem to have lots of cash to blow (this appears to be the case for some) but then there were a few individuals who have posted scam claims or other nefarious comments for organisations I've used before which I thought were legitimate and their content genuinely useful.
In most areas of business, you have organisations that offer a service and then you have a few trusted review sites or other means of finding if an organisation should be avoided but for Trading it seems to be much more difficult.
Even the review sites have review sites which constantly contradict each other and appear to be littered with either fake positive reviews which are clearly paid for or fake negative reviews (conveniently with a "we'll help get your money back" link). FPA and tradingschool.org both have positive and negative reviews for the same thing.
So my question here is, has anyone actually made/making a living off of trading successfully?
By this I mean actually trading with real funds and not a secondary income like "training" or "mentoring" as this appears to be how most of these "specialists" seem to be making a living.
2. Is there any genuine training material out there that will lead to success?
It doesn't matter if it’s a forum, videos, live mentoring/screenshare or even a book. The one I looked at recently was Nicholas Puri's "Duomo Initiative". This site is clearly head and shoulders above the rest in terms of quality of production (site and videos) and (as far as I can tell) the content; Although I don't consider myself qualified enough to determine if the content will serve in the long run. I have since avoided this for now as there was a very negative review of this offering by trading schools.
And this is what has landed me here... As every piece of information I find seems to come with a handful of terrible reviews of "crook, criminal, scammer" along with another handful of comments saying "changed my life, amazing" which has instilled major trust issues of pretty much the entire industry.
Any help would be appreciated and Thanks for reading if you got this far