A short YouTube conversation (Kardec Trader, uploaded Feb 8, 2024) where two speakers discuss scams in the forex industry. They contrast regulated stock brokers (e.g., TD Ameritrade) with unregulated forex brokers, describe brokers arranging influencer-promoted fabricated profit statements, and note community skepticism about posted profits. One speaker claims they made "15 million-plus" over the past four years from trading.
Questions this video answers
February 8, 2024
Kardec Trader
"15 million-plus" (over the past four years)
The past four years in trading, I made 15 million-plus in just trading alone.
Yeah. Every year I posted a broker statement. But in the past few months I learned in the forex space, a lot of people that trade.
Forex and have.
Brokers, they have agreements with brokers because these brokers are not regulated. Yeah. And brokers are reaching out to influencers and they're like, hey, what's up man? We'll show that you made $5 million from this broker, but get people on this. Yeah, yeah, that's exactly what happened. I didn't know that in stock world, like the broker I posted is TD Ameritrade. They're regulated.
Even if I contact them, they don't care.
They're like a multi billion doll company. So I didn't know that until I kind of started diving into the forex space and people like, well, you know, you can do that with brokers. I was like, wait, what? I was like, oh, now I get it. Because when a lot of forex traders see my profits, they're like, oh, well, he's fake because of that.
And I'm like.
Now I get why they think that. Because essentially.
