Tyler Wagner breaks down forex trading scams, starting with the 2010 wave of automated trading robots sold as cheap, high-return solutions that almost never work. He explains how these schemes shift tactics as regulations change, keeping traders trapped by online hype and false promises.
Chapters
What are some of the biggest misconceptions about Forex? The 2010 or so when everybody was robot, robot, robot, robot, right? Like $90 robots and everybody was like believing in that. It was the first, I would say, scam because most of these things never work, never worked. Maybe for some period, but not for the long run in the market. Then all the new regulations and all the changing in the market. It's not only Forex, wherever money is involved, there are scams. There are fake promises. There are those who pretend to be, and there are those who will do whatever it takes to sell you the dream and leave you there. That's the problem. The biggest problem with Forex, the all the online fake things happening.