Pseudo ‘guru’ and Forex scam: trendsmacro scam avoiding tips

Trendsmacro informs: during quarantine and a log period of remote activities the popularity of trading has grown significantly. A number of traders have their own video hosting channels where they show how they trade and analyze. Typically, these videos are freely available because their purpose is to sell products, services of forex courses or trading schools.

Usually, the process looks like this: the viewer is shown the terminal screen where the trade is being conducted. All those actions are accompanied by the voiceover of the trader.

• He or she explains his actions;
• He or she analyzes the graph superficially;
• He or she opens trades that bring profit over a short distance.

Such "masters" are often called dealers on "demos". Because they do not work in a real terminal, but in a demo account. Quotes are displayed with a delay. It can be an hour or more.

There is a second monitor in front of the presenter, where you can see the current price movement. Based on these charts, he opens trades in the "past" and succeeds.

It is only one of many possible scams standing behind the Youtube selling videos. Sellers of unique strategies are especially good at trading on "demos". They flexibly adapt them to the actual market movement. Trendsmacro Forex broker warns its clients against such videos because they have no practical value and can lead to significant losses.

But what videos are worth watching?

4 categories of Forex videomakers: Trendsmacro review

Breeders. These include those who trade on "demos", stories. There is no good from their training. Paying them is pointless. You will waste time and money.

Theorists. This type of practicing trader has never seen the terminal live. They mostly boast about their success with no proof. You can know them for videos which doesn’t show a single moment of live chart moving.

Former traders. They merged their deposit long ago, forgot what the terminal looks like, but teach others theories. There is a rationale in their lessons, but they still are scammers, because all the information they give is available for free over the internet.

Practices. These people actively trade themselves and share their experience for money. Learning with them can be called the most rewarding. Their approach and analytics really work.

So as you can see, three our of four types are actual scammers trying to get your money for nothing.

Three Promises You Shouldn't Believe

• “Our paid courses, trading robots and brokerage services are 100% efficient.”
• “With us you will get rich in no time.”
• “You will learn the secrets of the market that will help you always trade with a plus in just two days.”

Beware of pseudo guru - Trendsmacro.com tips

The concept of "guru" has long been established in the world of trading. This is the name for super-successful traders whose achievements are amazing. Over time, this term has acquired a negative connotation. Increasingly, gurus are written in quotation marks. And all due to the fact that most of them turned out to be scammers who successfully manipulated the public.

1.     The "guru" of the market cycle

They appear before the start of every bullish trend. Usually, the fame about them thunders 2-3 years, until a bearish trend sets in. Typically, every market cycle "guru" has a favorite theory of market behavior. At first, no one notices it. But then it affects the whole trade. The effect of a self-fulfilling prophecy arises. But as soon as the trend changes to downtrend, all the predictions of the market oracle cease to come true.

2.     "Guru" of the magic method

They are most commonly encountered when trading futures. And they appear when the world learns about a new analysis method or trading strategy. After all, every trader is drawn to everything that was not there before, and pays a lot of money for supposedly perfect methods of break-even trading.

The "gurus" of the magic method themselves do not engage in trading. They just sell their method. The end of their careers comes when a critical mass of disgruntled traders is gathered. And this happens sooner or later.

Trendsmacro reminds: all super methods work great on history. But as soon as the market changes, they become useless scam.

Often the brand of a Forex school or trading course is a person who allegedly achieved unprecedented success in the Forex market: he earned millions, and then decided to share his knowledge with others. Usually he has his own strategy with a loud name, based on secret knowledge, which he is ready to disclose for a symbolic amount of a couple of thousand dollars.

Trendsmacro.com draws attention: in fact, their success is not based at all on highly developed trading skills, but on gray promotion methods.

Pseudo gurus often come up with a beautiful biography. For example, a guy with no education entered the market and was successful. He’s self-developed. He became a millionaire and put together his team. The legend is laced with photographs of luxury cars, yachts and villas. But actually all this stuff was (or could be) rented for a photo.

According to tip from Trendsmacro.com scam can be anywhere. Always check the information that those strategy sellers give you/

Trendsmacro informs: although pseudo gurus manipulate the audience in different ways, they all have something in common. None of them show how it works on real accounts. All they can do is trade on "demos" or stories.

Trendsmacro scam avoiding tips: how do pseudo gurus earn?

They sell their courses to everyone.

In reality, these hypocritical people are nothing. Even when they are caught in a lie, they do not justify themselves, but begin to humiliate their opponents or get rid of unwanted criticism. They parry: no one forced you to buy courses. And they add: each one of you came to them of his own free will. If you don't like something, no one holds you here.

Conclusions

If you want to know the Forex market, you’d better stick to the real traders. Study reviews, analyze information in free access.

Trendsmacro reminds: the most important skill in the Forex market is the ability to distinguish a scammer from a professional, and find the useful knowledge from garbage. It’s better to access your broker’s educational programs and study from those who trade for years, creating the reliable company, than from some guy with cool profile in social network.

More information about Trendsmacro:
Trendsmacro forex broker
Trendsmacro reviews

Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

Comments 21

Buddy 27.02.2021

Cool team! You are cool! I just got my first money in trading. Wow ... how many emotions ... I think I fell in love with this business.

William 27.02.2021

I report: my money was withdrawn five hours after ordering. I got everything, I'm happy. I intend to work with you further. Thanks to all!

Robert 28.02.2021

It doesn't matter if it was night trading or not – the withdrawal of money always happens on time. The broker guarantees this. Here some write that the maximum delays did not even reach 12 hours. I think everything will be fine, just wait a couple more hours. Everything is quickly resolved.

Aron 14.03.2021

I've had like INFINITE connection problems with my previous broker, and they kept convincing me that everything is fine on their end and it's all my internet provider, though I knew it's not true. Then I switched here, and what do you know, all my connectivity problems were gone in an instant.

Leslie 23.03.2021

Do not write that you have connection problems – contact support immediately! Very good people work here, they will help to set everything up as quickly as possible.

Bob 25.03.2021

My last broker cheated on me. Delayed payments, interrupted transactions. These are all very common manipulations. You can't trust just anyone. But everything works perfectly on this site. Look, there are a lot of good reviews, but users also write when there are some problems. Make a comprehensive assessment of the broker and then decide.

Walsh Simpson 28.03.2021

Success depends on the speed of response, this market has such laws. If your broker accuses you or your ISP of a lack of quality connection and this caused a delay and your trade sag, this doesn`t mean that the problem is really with you. Check with your provider, of course. But I'm sure there are unscrupulous services. Anyway, I didn't have any technical problems with this broker.

Percival 06.04.2021

Newbies often have technical problems. Don't panic, write to customer support. They will tell you what to do

william 07.04.2021

Just got back from a long holiday... used this service before and not planning to switch anytime soon. It's not that they have some particular benefit to them, it's just overall quality of services, I guess. I really love how their support team is working with arising problems, and how polite they always are. Way to go for a good broker.

Aubrey 11.04.2021

I took a break from working with this broker. Friends advised platforms with big promises. In my experience, rich promises do not always lead to rich income. I've lost enough to learn to take a sober view of the broker's advertising and his real business.

Walter 12.04.2021

Among all the brokers I work with, this one is the most communicative. If I have to deal with some technical difficulties that I don`t understand, I don`t hesitate to contact the broker directly. These guys won't let you down!

Pfeffer Banks 12.04.2021

After three months of vacation I returned here again. Take me back! You are the best! I have not found such spreads anywhere. Your quality beats any competitors, I think.

Jordi 18.04.2021

The overall impression of this venture is that I work with an honest team of experts. Also with excellent manners and real assessments of the market situation. Recommend.

Frederick 26.04.2021

A great company if you are looking for the opportunity to take your time investing with no fabulous promises from company employees. Nobody rushes, no calls ten times a day, I'm trading in a comfortable rhythm. Will recommend them.

Lindo 01.05.2021

I don’t know why my previous comment was deleted, but I still want to write that I like to work with the company. I got one more withdrawal during this time, and I'm not going to change the broker.

Pier 11.05.2021

I have rather positive opinion about the broker. It is a reliable company, which can be trusted with money. In a terms of trading conditions it has slightly better proposal than average market charges.

Max 20.05.2021

Good day. My name is Max. I work with this broker. I have been showing good results for a long time. I have decent earnings. The broker is wonderful, helps constantly, and provides support. Thanks to the company for its services.

Nikola 24.05.2021

I work in the financial markets, trade in shares of leading American companies and banks. Many people doubt this broker, but I was personally convinced that this is a normal company that has fair conditions for trading its clients, conducts a loyal policy towards them and still helps with analytics. There are no problems with depositing and withdrawing money either. I am satisfied. I advise everyone.

Tobias 31.05.2021

The company has been on the market for a long time and I have been using only their services for almost 6 months. The company suits me completely. I was repeatedly convinced of her solvency when I was withdrawing money from the account. I advise you to only trade with these guys.

Edward Williams 01.06.2021

Terms in this company are definitely better than average. Taking in account everything else, I think four stars are well-deserved.

Alexander Boyd 16.06.2021

The absence of commission is what I like the most about this company, it's pretty convenient for trading.

Richard Adams 25.06.2021

I think about joining this broker in trading, though I'm not sure yet. But they look pretty promising for now.