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Thread: The psychological tricks of frauds on Forex market

  1. #1
    Super Moderator Gulfstream's Avatar
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    The psychological tricks of frauds on Forex market

    The psychological tricks

    Nowadays we often meet people, who has suffered with fraud hands on Forex market. As the rule, it is traders–beginners or those people who does not have a concept about what Forex is and “what it eats with”, but decided to make as much money in a short period of time.
    In this topic, I would like to draw your attention exactly to psychological tricks, with the help of which, so-called frauds “hook” naïve customers.
    You ask, what such psychological tricks are. Let’s examine it in more details.


    In this topic determined manipulations are interpreted as psychological tricks, impacting on your and our mind, which is very often used by marketing specialists, but increasingly – by notorious frauds. The difference between fraud manipulations and marketing ploys, consists only in that the tricks of the first one are mainly directed to lower our vigilance, to warm into the confidence, and of course to get into the purse.


    All this psychological influence starts from simple phone calls…

    Somebody called you introducing himself as employee of some broker company/dealing company (next DC/BC), with the offer to become their client. May be there is nothing wrong here. Many companies have call-center, where employees work with clients through telephone connection. But there is one “BUT!”, which is worth paying attention to.

    One thing, when representatives of the company call you, where you worked someday and/or left your requisites, and another, when you hear about the company at first time and never, nowhere put your personal details. Of course, there are such situations, when one company clients database is transferred to another one, it is also should be taken into consideration. However, there are nuances here…



    Phone calls are made not once, and not twice, but with regular periodicity, which you are imposed theirs services in. Theoretically, this small call is suspected as something wrong here.
    Because of your own busy, inattention, frivolity and/or trustfulness, more often, we don’t pay attention to this “call”. Herewith phone calls are continued.
    What happens, when we are constantly advised and/or offered something during a certain period of time? Surely, the idea appears in our mind: “Why not to try…”. This is what the psychological trick is expected for, to appear even small but the wish to work with the certain company. In such case, frauds’ insistence played its game…

    Another psychological trick of impact on us is the method of persuasion.


    The same person tries to persuade us in every possible way that theirs company is the best one. Most of all, frauds have such expressions in the arsenal, as:
    · «we are the most reliable company»,
    · «we guarantee you the highest level of income»,
    · «your deposits will be insured»,
    · «total lack of risks»,
    · «all your losses will be reimbursed fully »,
    · «you will be supervised by the best traders/analysts of the company»,
    · «we work with the most reliable and proven signals»,
    · «here(giving the link of the source) you can look at our clients feedbacks»
    · «we make the agreement will all our clients, which will protect all your rights and interests» etc.


    Thus, all these arguments sound very persuasive, displacing the usual warnings about risks, which exist every bona fide company, to the background. And next idea, which appears with us: “Why not to invest money in the company, if it promises high level of income and… I can make good money with low level of risks… exactly, I need to take the advantage of the deal…”
    So, because of first two psychological tricks of frauds, You have already become the client of some broker/dealing company. However, the psychological impact on you does not ends on it.

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  2. #21
    Registered user musiliu's Avatar
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    forex is a risky business and a good broker should always have a risk warning at a very visible section on their website to warn and educate investors about the risk, some fraud brokers wouldn't do that, they may promise a huge amount of profit and may even promise miracle robot that will make money for them within a very short time.

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    Always have realistic DREAMS!

  3. #22
    Trader debian's Avatar
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    Quote Originally Posted by imedvilla View Post
    Some companies rely on well thought out plans to bring customers and use psychological tricks and through presentations of bonsat no deposit and deposit bonus and after entering the customer network imposing ruinous requirements on him to withdraw his profits and therefore the client is located in a big frustration makes him despair of trading
    For that, we must be clever in choosing a broker companies because the broker is mostly promo or offer various bonuses as no deposit bonus or deposit bonuses sometimes just want to popularize the name of that broker, another case with a broker of Roboforex that we love it is very good in terms of service bring bonuses which proven to pay, where Roboforex broker is providing bonus can be used for trading capital and profits from any trading results can be withdrawal.

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    debian CopyFX . Shows the rating :
    #3092418 Fix-Cent ratings || # 2704573 Pro-Standard ratings

  4. #23
    Registered user musiliu's Avatar
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    To prevent being a victim if fraud that is rampant in the retail forex industry, don't just Jump to a new broker, they may want to attract client with big bonus and a lot of promise. The way to know a good and reliable broker is the credibility and good track record, so to stay safe, use a good broker with a positive review and great track record like Roboforex.

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  5. #24
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    the trader should not trade with borrowed money because this will increase the stress on the trader and may lead to making of mistakes during trading and so the trader will lose more than earns, the trader also should avoid any bad habits in trading as this will make trading more profitable and less risky and help the trader to enjoy trading and making of money.

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  6. #25
    Registered user musiliu's Avatar
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    because the forex market is too large and complex to be regulated by the government, there are many fraud that occurs in the market, many of which are related of broker doing some unfair practise against the client, To get a good broker that is transparent, we mainly depend on the review of the broker by other traders, and that is why Roboforex is a great trader because of the positive reviews they have

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    Always have realistic DREAMS!

  7. #26
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    There are fraud in the market that are mainly play by some broker, if you don't want to be rob by any broker then you must join a reliable and trusted broker like roboforex because this is one of the best forex broker that can be trusted, roboforex play the game fair with anyone it doesn't matter if you start trade with big trading capital or not.

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  8. #27
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    The bad companies always try to attract the people by many tricks to make them deposit their money then they will not find it after that, the trader should always do not follow them and invest in the companies of good reputation as this will be more safe for his money and can withdraw the money anytime he wants, but with fraud companies he will lose his money.

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  9. #28
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    Thank you for this great information
    I agree with you a lot and I think that more marketing tricks attract all new customers because they are most exposed to direct impact and have no experience and a few old customers either for lack of knowledge or other things
    Thank you very much and benefited from this beautiful subject

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  10. #29
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    the fraud brokers always call the clients to invest in the broker and they ask to invest big money and promise the traders that they will make big profits, and once the trader loses his money they advice him to invest another big money to recover the loses he got and make more money and try to give him some advices and finally he will lose this money again

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