So guys, I am here to expose a major scam technique presently ongoing. Please pay attention and read through as I expose all their major tricks.
They are called CASH CHAIN INVESTMENT or FOREX TRADE INVESTMENT, they have several websites out there which they use and claim to be a forex/Bitcoin investment expert. They want you to invest some money for trading and get profit after trading.
Their Trick.
Ones you visit or see any of their sites where they claim to increase your money as an investor, you may be expected to fill a form from where they get your contact.

Next is they will add you to a WhatsApp group with the subject above where you will see over 100 numbers as members. The tricky part is, most of the numbers are computer generated (many don’t realise this) and manged by this cartel.
Their objective is to use those number to share testimonies from acclaimed investors who have successfully benefited. This is aimed at wooing your interest as a visitor. If you remain in that group, over a period (maybe after 1weeks), then next is…
Someone will start a private chat with you because they are sure you have been seeing testimonies and may have grown interest. Then you are encouraged to fill a form to give it a try.

Caution!!!
Take caution as they are very organized with information and have ready-made process to steal your money. If you are ever tempted to respond and give them try, then it’s going to be an endless scam activity.
Be careful guys, please share. (Admin Pls help move to FrontPage, this is vital)

WARNINIG!!! DO NOT FALL FOR THIS, RUN OUT OF THAT GROUP

Some fraudulent numbers to looks out for
+234 912 183 1436
+234 802 232 2871

Noted. Anything concerning forex is no go area for me

Of course, you can fall into the trap of scammers. But I would not put an end to all forex traders. Of course, if you are afraid of risks, then you should not read about forex spread. You should also understand for yourself in advance whether you need to rely on trading. For me, this is not the worst way.

nifemi25:
Noted. Anything concerning forex is no go area for me

Forex is legit, just that many scammers are out there scammming people and thus it make it seems anything forex is a scam

Hier:


Forex is legit, just that many scammers are out there scammming people and thus it make it seems anything forex is a scam

Can you point to a single individual you know in real life who actually makes a living only from trading forex?

SavageResponse:


Can you point to a single individual you know in real life who actually makes a living only from trading forex?

There are thousands of people who makes a living doing forex even banks does forex, forex is basically foreign exchange, it is just like bitcoin, they have their own charts that goes back as 20 years.

There is a report that even the former CBN governor and Emir Lamido Sanusi trades forex

https://www.vanguardngr.com/2016/08/i-can-sit-in-my-garden-make-billions-through-forex-without-sweat-emir-of-kano//

Hier:


There are thousands of people who makes a living doing forex even banks does forex, forex is basically foreign exchange, it is just like bitcoin, they have their own charts that goes back as 20 years.

There is a report that even the former CBN governor and Emir Lamido Sanusi trades forex

https://www.vanguardngr.com/2016/08/i-can-sit-in-my-garden-make-billions-through-forex-without-sweat-emir-of-kano//

What they are doing is round tripping a situation where you buy forex from the CBN and government rate then sell in the black market!

You have not answered the question - Mention one individual you know who has an account with any of the online forex brokers such at Alpari, FXTM, HotForex, TigerWit, ICMarkets etc and actually makes a living by trading using either MT4 or Trading View software!

SavageResponse:


What they are doing is round tripping a situation where you buy forex from the CBN and government rate then sell in the black market!

You have not answered the question - Mention one individual you know who has an account with any of the online forex brokers such at Alpari, FXTM, HotForex, TigerWit, ICMarkets etc and actually makes a living by trading using either MT4 or Trading View software!

I have an operational account with FXTM and a friend has been compelling me to go for Hotforex because of their spreads

I know forex traders like George Soros and many names that made it big in the forex market, but I don't really think it's really for me or my thing that I should be trying to know successful traders, as long as it's working and it's legit, thats all I care about

Many of the quoted names above are regulated, are you aware of that

Hier:


I have an operational account with FXTM and a friend has been compelling me to go for Hotforex because of their spreads

I know forex traders like George Soros and many names that made it big in the forex market, but I don't really think it's really for me or my thing that I should be trying to know successful traders, as long as it's working and it's legit, thats all I care about

Many of the quoted names above are regulated, are you aware of that

I opened a thread on this topic last year but till this day not one person out of all the people bragging about forex trading on Nairaland has actually been able to come out and state confidently that he actually makes a living from forex trading

SavageResponse:


I opened a thread on this topic last year but till this day not one person out of all the people bragging about forex trading on Nairaland has actually been able to come out and state confidently that he actually makes a living from forex trading

Forex is not as easy as many people try to make it seem, hence you rarely can hear people say they make a living on forex trading

One of the reasons people lose money in Forex is the same reason they entered the market, everyone goes into forex trying to make it big, and yea, many Nigerians open an account with 100 USD and due to haste and pressure, they tend to trade using big lot size like 0.1 and 0.1 equals merely averagely 900points and fear creeps in when after an hour, the signals don't seem to be yielding do much. So, it becomes messy. Knowledge is the basic thing in forex, cause without the required knowledge, people tend to take bad decisions and lose their money, I have a friend who makes a living on forex, he was a roomie of mine in our university days and you won't know he's into forex, many traders really don't talk about their investment in forex, though they may be making a living on it. My mentor showed me withdrawals about forex trading, but the most important thing about forex is, it's very complex, the big boys they say, banks multinationals and sha da da have their influence in the market hence causing mass volatility in the market, and creeping retail (small account) traders.

Forex on the average makes about 2000 pips a day and yea, stop loses, many traders need to have a trading plan, lose per trade and lose per day, but using small amount such as $20 might not really give one so much in the market, ones investment must be very big like $100 and they must study the charts to know the next price movement, I believe studying the chart and drawing trendlines is basic in forex trading. Yea, those with big account should learn to grow their account in a small pace, and I won't advise trading with the phone, a laptop tend to give one a better view, I'm looking into getting a tab to make me be in the market often and the major problem I have faced in forex is not being patient enough, there use to be a time that before I place a trade, all I do was waiting for confirmations, confirmation from the lower time frame that they closed in the direction intended to trade with, either buy or sell, and then my trendline, then I place the trade, then monitor with my phone and yea, I currently use a 3G phone at the moment, so I haven't really been trading recently, I hope with a better phone, I can stay on the go always, be more calculative, and yea, backtesting, then applying the strategy on demo before going into live trading.

Yea, why laptop, using a mobile MT4 phone I mean, the demo account on phones enable a minimum of $3000, woooooow, I guess that should be the minimum deposit and that grosses almost #1.5 million to open an account. Many brokers accepts lesser $100 average, but my point is, imagine practising with $3000 on a phone and in real life, one can only afford $100, we are looking at 30× of the value but if I open using a broker like Hugosway, I can open a demo account with as small as $10 or $20 and trade based on the fact that I deposited $20 and understand how to trade using smaller account, start little they say

You have to understand that CASH CHAIN INVESTMENT are just scammer. they scam people in the name of Forex and cryptocurrencies.

Again, beware!!!

Hier:


Forex is not as easy as many people try to make it seem, hence you rarely can hear people say they make a living on forex trading

One of the reasons people lose money in Forex is the same reason they entered the market, everyone goes into forex trying to make it big, and yea, many Nigerians open an account with 100 USD and due to haste and pressure, they tend to trade using big lot size like 0.1 and 0.1 equals merely averagely 900points and fear creeps in when after an hour, the signals don't seem to be yielding do much. So, it becomes messy. Knowledge is the basic thing in forex, cause without the required knowledge, people tend to take bad decisions and lose their money, I have a friend who makes a living on forex, he was a roomie of mine in our university days and you won't know he's into forex, many traders really don't talk about their investment in forex, though they may be making a living on it. My mentor showed me withdrawals about forex trading, but the most important thing about forex is, it's very complex, the big boys they say, banks multinationals and sha da da have their influence in the market hence causing mass volatility in the market, and creeping retail (small account) traders.

Forex on the average makes about 2000 pips a day and yea, stop loses, many traders need to have a trading plan, lose per trade and lose per day, but using small amount such as $20 might not really give one so much in the market, ones investment must be very big like $100 and they must study the charts to know the next price movement, I believe studying the chart and drawing trendlines is basic in forex trading. Yea, those with big account should learn to grow their account in a small pace, and I won't advise trading with the phone, a laptop tend to give one a better view, I'm looking into getting a tab to make me be in the market often and the major problem I have faced in forex is not being patient enough, there use to be a time that before I place a trade, all I do was waiting for confirmations, confirmation from the lower time frame that they closed in the direction intended to trade with, either buy or sell, and then my trendline, then I place the trade, then monitor with my phone and yea, I currently use a 3G phone at the moment, so I haven't really been trading recently, I hope with a better phone, I can stay on the go always, be more calculative, and yea, backtesting, then applying the strategy on demo before going into live trading.

Yea, why laptop, using a mobile MT4 phone I mean, the demo account on phones enable a minimum of $3000, woooooow, I guess that should be the minimum deposit and that grosses almost #1.5 million to open an account. Many brokers accepts lesser $100 average, but my point is, imagine practising with $3000 on a phone and in real life, one can only afford $100, we are looking at 30× of the value but if I open using a broker like Hugosway, I can open a demo account with as small as $10 or $20 and trade based on the fact that I deposited $20 and understand how to trade using smaller account, start little they say

It appears you have a fairly strong grasp of the practical aspect of forex trading

ElectronicMoney:


It appears you have a fairly strong grasp of the practical aspect of forex trading

I started trading just recently oooo, but I just love everything about forex trading and I'm always amazed at the level of intelligence in forex trading. I mean the complexity is what really gets my attention, how you would feel you have known it all, and yet, you are still learning more about it. I have about 212 youtube videos on forex trading and I just keep downloading whenever I come across any lol, but I guess I'm taking so much interest in forex is so as to learn from others lol

No overnight, reckless investment will only have nothing. Especially Guo Wengui type of fraud, everyone pay attention to don't be
fooled.
#Bannon
#LiMengYan

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