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  1. #1
    tenori is offline Junior Member
    Join Date
    Mar 2010
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    2

    Default Forex market research - full of scams??

    hey guys,

    I'm currently doing a bit of research and educating myself in the forex market. What's surprised me is what seem to be the sheer number of scams around, basically offering you get rich quick schemes via forex.

    This site is one of the few that I've come across that seems to offer genuine reviews by genuine traders, so thank you!

    Was interested to know where the line is drawn for you guys between genuine strategies and systems, vs plain outright scams? For instance, Forex Ripper

    Suggests you can just leave it running and bring in the money. Are these outright lies, or are there still genuine systems in place that can assist someone in making trading decisions? Would be interested in a review of it (if it's not an outright scam!)

    Many thanks

    James

  2. #2
    Reviewteam is offline Administrator
    Join Date
    Mar 2009
    Posts
    1,148

    Default Re: Spotting A Scam & Forex Ripper

    Hi,

    Thanks for the post and we are glad you are finding the site useful. The short answer to your question is we have no idea until we have a look. In other words, we too have to believe what we read on the website and what we can find from other sources, the only real idea we get is when we actually gain access and experience of a system/service.

    Sales material in this market (trading) can be very mis-leading and we are always wary of material on website's. We suggest, like yourself, that others remain skeptical too.

    The main Forex Ripper product is a robot (e.g. you leave it running in the background and it makes cash for you automatically (that's the theory) and therefore is not something we review. There are many other websites out there devoted to these systems and we are happy to leave them to it.

    Hope it helps and we look forward to your future contributions.

    Be careful out there.


    ReviewTeam - www.systemsfortraders.com

  3. #3
    tenori is offline Junior Member
    Join Date
    Mar 2010
    Posts
    2

    Default

    Many thanks - will certainly remain wary. Even just doing research it feels like it's a bit of a shark tank out there!

    In terms of sites devoted to the "robot" side of things - are there any that you'd actually recommend or know the people behind? I've struggled to find any that don't seem to have a clear bias promoting a particular robot (the cynic in me assumes the one that pays the most commission!). No problem if you're not comfortable doing this - or DM me if you don't want to make any "official" recommendations...

    Thanks once again

  4. #4
    Reviewteam is offline Administrator
    Join Date
    Mar 2009
    Posts
    1,148

    Default Re: Robots Site

    Hi,

    (We moved this to the "New To Trading Systems/Services" forum as it probably more appropriate.

    No problems. Re: recommending a Robot review site - I think you answered the question yourself. We do not know of a site devoted to Robots that operates as we do, or even if there is one. Please do report back if you find such a service.


    ReviewTeam - www.systemsfortraders.com

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