Ruben Rand: Scams in Automated Trading!!! 👨‍🏫 if you have any specific questions, ask me at 👉 http://bit.ly/2IblW9d 👨‍🏫 Download FREE PDF for my Price Action Strategies 👉 http://bit.ly/mypriceaction The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scam related posts give details about some of the red flags to look for, but robots and auto trading in particular attracts a lot of scam operations. Here are a few reasons why: > Novice Traders Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted. > Easy to blame the trader Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault. > Control If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading. Warning signs of a scam will include a lack of transparency (win rate results that are not verifiable), forcing users to use a particular broker, and the most obvious, the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable. Here is a checklist of warning signs: 1. Get Rich Quick Marketing If a service promises large profits, with little or no effort, it is likely a scam. In the same way, any phrase such as ‘zero risk’, ‘100% win rate’ or ‘make money easily’ should be taken as an outright lie. 2. Cold Calls Legitmate services will not cold call you. 3. Managed Accounts It is a very bad idea to allow someone to trade for you, or trade with your money. Even with automated trading and robots, you need to be in control. 4. Bogus Bonus Terms Some bonus terms include locking in your initial deposit. Check the terms and conditions before parting with any cash. 5. Sales Funnels Some robot schemes force you to open an account with a specific broker. These are normally not the best choice, and often unregulated and untrustworthy. 6. Free Robot Services That Are Not Free If you have to join a broker, and make a deposit in order to get signals, they were not free. Free services require no deposit. Some blacklisted services that pretend to provide signals and automatic trading are: The Brit Method / Jason Taylor Copy Buffet Millionaire Blueprint Ultimate4Trading QuantumCode These all promote binary options as an easy way to make money, and they should ALL be avoided. #NMBO456

Sunday, August 9, 2020

Scams in Automated Trading!!! 👨‍🏫 if you have any specific questions, ask me at 👉 http://bit.ly/2IblW9d 👨‍🏫 Download FREE PDF for my Price Action Strategies 👉 http://bit.ly/mypriceaction The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scam related posts give details about some of the red flags to look for, but robots and auto trading in particular attracts a lot of scam operations. Here are a few reasons why: > Novice Traders Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted. > Easy to blame the trader Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault. > Control If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading. Warning signs of a scam will include a lack of transparency (win rate results that are not verifiable), forcing users to use a particular broker, and the most obvious, the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable. Here is a checklist of warning signs: 1. Get Rich Quick Marketing If a service promises large profits, with little or no effort, it is likely a scam. In the same way, any phrase such as ‘zero risk’, ‘100% win rate’ or ‘make money easily’ should be taken as an outright lie. 2. Cold Calls Legitmate services will not cold call you. 3. Managed Accounts It is a very bad idea to allow someone to trade for you, or trade with your money. Even with automated trading and robots, you need to be in control. 4. Bogus Bonus Terms Some bonus terms include locking in your initial deposit. Check the terms and conditions before parting with any cash. 5. Sales Funnels Some robot schemes force you to open an account with a specific broker. These are normally not the best choice, and often unregulated and untrustworthy. 6. Free Robot Services That Are Not Free If you have to join a broker, and make a deposit in order to get signals, they were not free. Free services require no deposit. Some blacklisted services that pretend to provide signals and automatic trading are: The Brit Method / Jason Taylor Copy Buffet Millionaire Blueprint Ultimate4Trading QuantumCode These all promote binary options as an easy way to make money, and they should ALL be avoided. #NMBO456

Scams in Automated Trading!!!

if you have any specific questions, ask me at
http://bit.ly/2IblW9d

Download FREE PDF for my Price Action Strategies
http://bit.ly/mypriceaction

The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scam related posts give details about some of the red flags to look for, but robots and auto trading in particular attracts a lot of scam operations.

Here are a few reasons why:

> Novice Traders

Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted.

> Easy to blame the trader

Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault.

> Control

If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading.

Warning signs of a scam will include a lack of transparency (win rate results that are not verifiable), forcing users to use a particular broker, and the most obvious, the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable. Here is a checklist of warning signs:

1. Get Rich Quick Marketing

If a service promises large profits, with little or no effort, it is likely a scam. In the same way, any phrase such as ‘zero risk’, ‘100% win rate’ or ‘make money easily’ should be taken as an outright lie.

2. Cold Calls

Legitmate services will not cold call you.

3. Managed Accounts

It is a very bad idea to allow someone to trade for you, or trade with your money. Even with automated trading and robots, you need to be in control.

4. Bogus Bonus Terms

Some bonus terms include locking in your initial deposit. Check the terms and conditions before parting with any cash.

5. Sales Funnels
Some robot schemes force you to open an account with a specific broker. These are normally not the best choice, and often unregulated and untrustworthy.

6. Free Robot Services That Are Not Free

If you have to join a broker, and make a deposit in order to get signals, they were not free. Free services require no deposit.
Some blacklisted services that pretend to provide signals and automatic trading are:

The Brit Method / Jason Taylor
Copy Buffet
Millionaire Blueprint
Ultimate4Trading
QuantumCode

These all promote binary options as an easy way to make money, and they should ALL be avoided.

#NMBO456