There is plenty of opportunity for unscrupulous people to make money fraudulently by launching a forex trading scam. Unfortunately there are always people who will part with money too fast in the hope of making more, this is especially true when it comes to the stock market. However, we cannot assume that a system has to make money for everybody using it in order to be genuine. So what are the signs of a real scam?

1. Unrealistic claims

All websites that are promoting a forex product or service will try to appeal to your wish to make money. That is what forex day trading is about, after all. But if a site promises to make you millions of dollars virtually overnight no matter who you are and without requiring any work on your part, stay clear.

2. Huge earnings on trading account screenshots

It is also common for sites to provide images of their own trading account results to convince you that their system makes money. This is common practice. A scammer will fake the screenshots using Photoshop, and it is pretty much impossible to tell.

So although having screenshots on the site is not in itself a problem, you shouldn’t pay much attention to them. Even if they are not faked, you don’t know that the trader followed the exact system you are buying in order to obtain those results … and  even if the figures are 100% genuine, it certainly does not mean that you will achieve the same results.

3. No guarantee

There should be a money back guarantee on any product and you should not have to jump through hoops to get it. Look for a “no questions” guarantee rather than something that says you must have followed all instructions to the letter before you can qualify for a refund. Following the instructions may include investing more money than you have.

If you are buying a downloadable product such as an ebook or expert advisor, you can trust anything that is sold by Clickbank as far as refunds are concerned. Clickbank will always refund these items within 58 days of your purchase.

If you are looking at a membership site or a service, refunds on past payments may not be offered because of the time that the company will have put in to providing the service for you during the time that you were a member. However, you should make sure that you can cancel at any time without incurring further charges. Don’t sign up for something that locks you into a contract for 6 or 12 months.

4. Bad press in the forums

All products will show you recommendations and testimonials from satisfied customers. If you want to be sure you can ask for evidence that they are real, and a genuine business will usually find a way for you to contact the person if there is not already a link given along with the testimonial. 

But even the worst day trading system will have some users who were just lucky. What you want to know is what the un-satisfied customers are saying. There will be some for every product, no matter how good, and you need to find them and sift through their comments. Are they just unhappy because they didn’t make a lot of money overnight, or was there a genuine problem with the product? Search for them in the many online forums to get a clear idea of which products are worthwhile and which ones might be a forex scam.

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My friend and Forex mentor Dan Gaub has been successfully trading in the foreign currency exchange systems referred to as Forex or FX for over four years. For the past couple years Dan and his brother Nathan have been teaching others safe and simple ways to build solid monthly incomes from their own Forex trading.

On Friday, January 15th Dan will be launching his new Trading Strategies System which will include access to his daily numbers, special Forex charts, live trading room, trading community, live conferences in many cities and much more.

Dan Gaub grew up in a highly successful Christian rock band and toured the country for over 3 decades. He then settled down in Yakima, Washington where he made his first fortune in business. Dan developed an interest in the stock market and added to his wealth.

Dan decided to kick in $30,000 and seriously pursue FOREX trading. As his success grew he started developing custom charts and refining his systems and strategies. In about six months time he had grown the account to a very large sum. Quickly the word got out and his legend started. As he continued to succeed in trading he gained a reputation amongst some of the world’s best individual traders. He used his reputation to develop relationships with many of his peers. Today Dan and his peers continue to discuss potential new strategies frequently.

After making millions of dollars in Forex trading, Dan started developing a system so that anyone could take two thousand dollars and turn it into a million. Dan created his renowned ‘Birth of a Million’ system. But before he would share his system with others he tested it himself. He took two thousand dollars and turned it into a million by strictly using his system without wavering. He has since shared his system with others, many have changed their financial situation for the better. Others have taken Dan’s ‘Birth of a Million’ system and have achieved the million dollar mark for themselves.

Despite Dan’s success his thirst for knowledge remains unquenched. He is always seeking out new opportunities to learn. Recently Dan discovered that a successful trader in Seattle, Washington was planning on retiring. Dan met with him to learn the insight this gentleman had developed over several decades. Dan knows that learning never stops and new challenges emerge in the market all the time. He’s dedicated to keep his team on the forefront. This is one of the primary reasons why most traders in Dan’s trading family continue to seek out his guidance long after they are successful on their own.

Dan is a character who has a personality as big as his 6’ 6” frame. He has an intelligent sense of humor and likes to have fun, but always in a lighthearted way. After a losing trade often times people in Dan’s trading family can come out stressed. Dan has the ability to calm people and give them the confidence to work out of their situation and move forward.

To this day Dan continues to develop new strategies. Currently he is developing a monster strategy that he calls the “Euro Blaster” that is so risky that he refuses to teach it to anyone at this time. Despite the risk he has traded using it successfully for huge gains. His goal someday is to perfect it, and share it with premium members on this site.

Dan has lived a life of high achievement both personally and professionally. His continual focus is to give as many people his insights and direction to help them achieve their goals. He provides all  members live feeds to mentoring sessions at his trading center just as if you were there in-person. He shows you the systems and strategies that work. He debunks the myths of talking heads and so called “experts” who no longer trade. The successful strategies Dan offers rivals any other FOREX education site, at a fraction of the price. Join Dan Gaub Trading Strategies today!

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There is plenty of opportunity for unscrupulous people to make money fraudulently by launching a forex trading scam. Unfortunately there are always people who will part with money too fast in the hope of making more, this is especially true when it comes to the stock market. However, we cannot assume that a system has to make cash for everybody using it in order to be genuine. So what are the signs of a real scam?

1. Unrealistic claims

All websites that are promoting a forex product or service will try to appeal to your wish to make money. That is what forex day trading is about, after all. But if a site promises to make you millions of dollars virtually overnight no matter who you are and without requiring any work on your part, stay clear.

2. Huge earnings on trading account screenshots

It is also common for sites to provide images of their own trading account results to convince you that their system makes money. This is standard practice. A scammer will fake the screenshots using Photoshop, and it is pretty much impossible to tell.

So although having screenshots on the site is not in itself a problem, you shouldn’t pay much attention to them. Even if they are not faked, you don’t know that the person followed the exact system you are buying in order to obtain those results … and  even if the figures are 100% genuine, it certainly does not mean that you will achieve the same results.

3. No guarantee

There should be a money back guarantee on any product and you should not have to jump through hoops to get it. Look for a “no questions” guarantee rather than something that says you must have followed all instructions to the letter before you can qualify for a refund. Following the instructions may include investing more cash than you have.

If you are buying a downloadable product such as an ebook or expert advisor, you can trust anything that is sold by Clickbank as far as refunds are concerned. Clickbank will always refund these items within about 56 days of your purchase.

If you are looking at a membership site or a service, refunds on past payments may not be offered because of the time that the company will have put in to providing the service for you during the time that you were a member. However, you should make sure that you can cancel at any time without incurring further charges. Don’t sign up for something that locks you into a contract for 6 or 12 months.

4. Bad press in the forums

All products will show you recommendations and testimonials from satisfied customers. If you want to be sure you can ask for evidence that they are real, and a genuine business will usually find a way for you to contact the person if there is not already a link given along with the testimonial. 

But even the worst day trading system will have some users who were just lucky. What you want to know is what the unsatisfied customers are saying. There will be some for every product, no matter how good, and you need to find them and sift through their comments. Are they just unhappy because they didn’t make a million dollars overnight, or was there a genuine problem with the product? Search for them in the many online forums to get a clear idea of which products are worthwhile and which ones might be a forex scam.

A653456772