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Wednesday, May 1, 2019

Trading Scam Artists

In the trading/investing arena, scam artists are a dime a dozen.
As it turns out, it is much easier to get rich quickly by making money off of overpriced and useless services than to try and do it slowly with one's own capital saved and invested over the years.

The scamming business is so attractive and the entry barrier so low, that new charlatans are born daily. Armed with a Twitter account, a few thousand fake purchased followers and a quickly set up website on GoDaddy, anyone can look good. And all that can be done with less than 100 dollars during a weekend.

Initially when I started this site, frustrated by lies every where, I publicly criticized some scammers (read GPS Forex robot team lies and The truth about the GPS Forex robot). I wrote articles mocking them in general (read The Guru). I was also victim of another artist which I denounced in 2010 only to get a Cease and Desist letter from his lawyer a few days later. I was fresh out of Cuba, inexperienced, with no money and honestly shitted on my pants. I ended up deleting that article. Knowing what I know today, I would have never removed that piece.

Suddenly I started receiving emails asking me to review other newsletters, Forex robots and Twitter accounts, but I realized it was a never ending story and my time would perhaps be better spent writing more productive stuff.

Even though I don't spend my time exposing Fake Gurus and Charlatans anymore, thankfully there are two good sources that you can always refer to:

One is Guru Leaks on Twitter (https://twitter.com/Guruleaks1)

and another one is tradingschools.org 

In my opinion, they do a great and necessary job.
New traders and investors need to be aware that the world is full of overpriced newsletters, conferences and services of all sorts whose value is questionable at best.

Always question everything.

If you follow other good sources that expose more garbage, please let me know and I will add them to this blog post.

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