The psychological tricks of frauds on Forex market - Page 2
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Thread: The psychological tricks of frauds on Forex market

  1. #11
    Banned
    Join Date
    Apr 2015
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    8,326
    I can never fail a victim to anyone when it comes to the forex trading business because I no almost every step required to start trading forex, and I no the real brokers and the fake brokers, the real signal providers too, so there is no way I will be play by anyone, but for those who have no good understanding about the forex market can fall victims to those professional forex fraudsters.

  2. #12
    If we must know there are fraud going on with some brokers and this is very important so we could not fall a victim. We can see some brokers pay third party organization to provide them with the list of forex traders numbers. With this they could contact you to tell you about their platform. I have experience it and when I was on the call the lady went ahead to ask me to open an account, I was following due process until it reaches where they ask me to fund my account with my card. This was surprising as they don't even care for the fact that I haven't verify my profile. The representative was all interested in ensuring I fund my account very fast.

  3. #13
    So many brokers this days, so many approachs to attract new clients. Almost all of them have some "best broker", "best service" etc. awards. Some of them have practice to calling You and forceing You about some webinars, some bonusies (extremely useless and tricky) etc. I made conlcusion based on expirience that more calls You get there is more chance that company will trick You. Decent broker will not annoying You with anything.They deliver only what You asking for. Decent broker have quick e/mail response, regulation licence and good reputation when You search a little around FX related sites, forums .
    Last edited by strobstrob; 06-05-2016 at 11:59 AM.

  4. #14
    Trader
    Join Date
    Aug 2013
    Posts
    11,572
    the trader should always before joining any forex company should read the pinions of the others about this broker to see if it is good and trusted and honest broker or it cheating the clients, this will let him to get a complete picture about this company and see its advantages and their disadvantages and decide if he invest in it or not.

  5. #15
    The mentality of newbies about the brokers is that they engage in sharp practices but at times it may be true but not often.Your ability as a trader to distinguish between a good trade and a bad one will assist you to overcome yhis fear factor.Psychologically speaking you must study in details rule of engagement from a broker befpre you choose to use that platform to trade.with necessary precaution fraud will be minimized.

  6. #16
    Banned
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    Jun 2016
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    4,556
    Quote Originally Posted by adeforex View Post
    The mentality of newbies about the brokers is that they engage in sharp practices but at times it may be true but not often.Your ability as a trader to distinguish between a good trade and a bad one will assist you to overcome yhis fear factor.Psychologically speaking you must study in details rule of engagement from a broker befpre you choose to use that platform to trade.with necessary precaution fraud will be minimized.
    It will call for concern when newbies see some bad practice with the broker they are working with. So for them to reduce the chance of trading with the wrong broker, proper research need to be made so that they can see if they can really working with a good broker. Some brokers are synonymous to fraud and avoiding those kind of broker is important so we don't get deceived.

  7. #17
    Having that mentally prepared during that time for trading you have to know how to be well prepared to the way that the market will be treating you be it if you are losing or when you gaining you have to know that you know when to to enter trades psychological health insurance is one that you have to keep adjusting according to the way your trades are

  8. #18
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    Jul 2016
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    1,963
    The right form shows when we work when we have some of the right we have to develop the right channels that we need to work and in the right psychological issue we know its working for the right passion, the moment you see traders moving in the same direction there are some people moved and lost there are always been told they can be told how to develop the right choice

  9. #19
    from my personal understanding, i know that many time several traders do not take enough time to learn the forex market very well before going live and when they lose their money they put all the blame on their brokers which is not right, it is part of our responsibility to know what term that are guiding our business, take enough time to know those things that you will do that will make the business prosper in your hand so that even if a broker want to play some trick on you, it will be very difficult for them to do so.

  10. #20
    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

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