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How to Spot and Avoid Forex Trading Systems Scams
One shady practice i keep seeing from traders selling systems. I keep seeing this and it annoys me because I feel a lot of people are being taken for a ride here. This is not outright fraud but the practice still verges on deceit. This is about people selling a system or strategy or even trading signals. What people show is upward equity curve and it looks really good on the face of it. But if you look at the actual strategy, all is not what it seems. This generally happens on forex -those system sellers normally use a 15 pt target and 1000 pt stop so the likelihood of being stopped out is low. But there is something else that goes on.
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