Exposing Fake Forex Traders: Here’s How to Spot a Fake Forex Guru!
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- เผยแพร่เมื่อ 6 ก.ย. 2024
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Sounds like most South African traders. Just a lot of noise and no proof.
They all refer to themselves as Mentors even. 🤣🤣🤣🤣🤣
Woooow, shots fired at the South African traders, 😂
Have you heard about Hoosain Harneker? he is trader from South Africa. Is he legit?
@@ericgalantino3836 I've never heard of him.
@@ubaphilemlindi8319 🤣🤣🤣 Mentors with only 8 months experience.
Well said... you vilified no one specific for clout and you provided perfect advice for those who give their valuable time to "Traders/Mentors" online.
Thanks Michael! I’m not here to target anyone, but hopefully equip people with tools to answer their own doubts. Our audience’s time matters for sure 🙏
🟥
WOAHHHH MY MENTOR!
Scammers are telling you are doing great work lol😂😂@innercircletrader
10 percent per month is very realistic with hard work. You can have 20 to 30% months but not consistent. This is if you are a serious trader who have put in many hours
Welcome to South Africa where everybody is a best trader but they never withdraw
Nick you are one of the most honest trader out there. ANd thanks for all that content you created. Sometimes when watching those traders claiming the have a 90% winning strategy with 1 to 3/4/5 RRR, I kinda feeling like stupid with my 45% WR and 1/2RRR strategy. But then you shoot video like this and I feel a way better.
If you truly have a strategy with those numbers, you're doing very well! Having a profitable edge over time is amazing!
🙏Thank you for this valuable video! unfortunately, beginners and inexperienced traders are always falling into the TRAP of buying COURSES of FAKE GURUS.
Thank you Nick for doing this, there are lots of forex trading scammers in Thailand here.
Thanks Nick for the heads up!
So I’ve been fooled all these times.
The thumbnail tho 😂😂.
“CAP"
Thats why I always give my trades statements to my students , proof first always
Thank you for this video! I'm so glad I found your channel and I've already learned a lot from your videos. It's very refreshing to see someone being real with all of the fake and scammy trading gurus out there. Keep up the great work Nick!
Edit: Does anyone have reccomendations for other legitimate traders to follow on TH-cam?
Thanks for the support James. Happy trading
;D
@@TraderNickHi Nick I need your help, starting trading forex with a trader named GMajor, on MetaTrader 4 and after two weeks wants me to take the next step of a “funded account “ and has been showing me accounts trading thousands of pounds a day but so far his alerts have been hit but more miss, what do you think? Have you heard of GMajor ?
This is exactly why every year my personal and corporate accounts get audited by KPMG for the people that question my firms integrity.
Thanks Nick!🙏🏿
The video everyone needed to see! Love your work bro just wondering what mic do you use?
I use a Yeti Blue :)
Nick, your videos are great, I appreciate the work you put in this Industry and you are inspiring
Hi Nick, appreciate the key details and breakdown, always wise to keep this in the back of your mind. I apologize if I missed this in another video, but have you shared which Gurus you deduce could be frauds? I'd value your input, thanks!
Raw Truth..luv u Nick 👍...
MT4 was created by brokers for brokers. Let that sink in.
You are the great trader I ever seen I am following you for last three years looking forward to get more knowledge from you
I will do it bro it's an honour
Thank you 🤝
Do you have other channel suggestions? You and Adam Grimes are the only ones who show track records
We have a few guests on our team channel that we vouch for! Look up A1 Trading
great one!!
Easiest way to spot a fake trader? They're trying to sell you something and have a TH-cam video on nearly every indicator and technical or fundamental trading strategy known to man like they're really using all of that s**t in their trading, let alone have mastered using all of it😆 That's a clear sign of a marketer just trying to SEO rank for as many topic-related keywords as possible to sell their stuff💯
Hmmm....
Even Nick made videos on RSI,macd and other indicators and he also sell the discord. Then is he fake?
Selling stuff isn't a sin (I sell stuff for transparency sake), but selling stuff without any proof of concept in this industry is a little sketchy
LOL
@@TraderNick And there was more than one condition mentioned other than just simply selling stuff, but I understand the cherry picking.
Take Trader Dale and Japanese Forex Trader Kei for example. You won't look through their catalog and find a video of them showing you how to trade with dozens of different indicators and trading strategies because they only mention about 2 or 3 (possible average for most traders, including myself) that they are actually using to trade with, which is mostly volume profile and order flow for trader dale and the ichimoku kinko hyo for trader kei.
All I'm saying is if they have a video telling you how to trade with nearly every indicator you'll find in the top 50-100 indicators most people are actually using , then they're probably either a marketer just trying to rank for those keywords to sell products........or, their trading chart(s) must look like they're trying to create an algorithm to crack the da vinci code most of the time they're trading.
Lucky them to have a winning strategy with 100+ different indicators while the average (over 90%) retail trader is still struggling to find a consistently profitable strategy with just one of them, right?🤔
Not the giggle after "duty"💀
Thank you so much,can you also teach us how Will can withdraw from MetaTrader 4 please
I learn a strategy SMC that work you can make 10R-30R a week, is possible but not easy. Is hard and you need at least a year to learn basics and then maybe you can make some consistent 10R+ but till that level is too much work.
Never jus a walk in the park fr , but we got this
Can someone be scammed from account management?
Yes. It is one of the most common scams in the trading industry. Unless you sit down in person and work with a financial advisor / money manager, it is likely an internet scam.
@TraderNick OK, thank you.👊
Hie Nick. Don't you think Myfxbook can be cooked as well ?
This video makes me happy. 😊
Thanks so much sir nick for opening my e👀 for this fakes trader I'm following them blindly before sir!!!
Hey Nick! Does this include MT5 as well?
Yes
it help us very good sir nick you the best i wish am your sir ohhh
Sir what platform I will use if I will go live ,if it's not .I'm new with these demo mt4
Hi Trader Nick, what's your opinion on traders on FTMO? Are they legit?
My opinion is that if someone stays funded for a year or two, that’s a great indicator, but that passing a test is not. Anyone could yolo a few tests and eventually get funded, but it’s more a matter if they stay funded.
Lookin Super Fly with that uptown fade!!!!!😁
Hey thanks John!
@@TraderNick Totally!!!!......... Im working really hard to pass FTMO challenge!!!!
Good luck with it man
Can you tell about fvp trade they giving 10% per month profits
How many Forex traders are there?
Sadly you video starts witb a sinal provider ad😂😂😂
Can people fake profits on oanda's mt4 or axi traders mt4?
When we say 3% gain, do you mean 3% of the initial capital? Or your capital x3?
3% of initial balance
10 percent is realistic for an experienced trader anything more is hard to sustain Just gambling in my opinion
So if am to ask. Can you be millionaire in Forex.
Yes
I make 3% a day, and way over 10% a month. Easy! ;D
Drop that link 🫡
Nick..it's very possible to earn 30% per month
It took me a while to overcome fear nd greed... I only trade during Asian session...nd I aim 20pips per day
@@damilaresamuelomotosho4867 Yes, there can be a month in which you have a very good performance. But not constantly. However, if you earn 30% in a month either your risk is way too high or you have a small account.
@@trustfultrading yes u are very right..but in forex u must know fundamental.. technical nd sentiment..nd good risk management...
@@damilaresamuelomotosho4867 What I find so fascinating is that there are so many different ways to become profitable. Some use fundamental data, some use Chart Techniques, and some use Volume Profiles or whatever. I think you can make money with all of these things. You just have to be really good in your field.
For example, I do not pay attention to fundamental data or news. I only use the chart.
But you are absolutely right, everyone needs a risk management. Good luck to you in trading.
He found the impostor amogus ඩ
So u urself have no red flag then?
Also what u think about Nick Shawn?
I would recommend being very careful about whatever you watch on social media, as a general rule of thumb. Myself included!
@@TraderNick i would love to see a video about Nick Shawn cause he is quite transparent, the only thing is no myfxbooks.
However he does call all his trades in his telegam
I was also very curious about Nick Shawn. Been watching him for a month and im pretty addicted to the way he approaches trading. Currently I cant produce the results he does but Im almost 100% sure he is very genuine.
ok lastly but very controversial. You wont be selling services at exorbitant prices. I think if you are really successful you completely lack interest to validate yourself to people or better yet you share your ideas for free ;)
Fresh cut
Thanks!
results results results
Mambafx fake? Signals money flexing
I am having same doubt
Ain't no way mamba is fake he shows withdrawals he does live challenges on his TH-cam flipping small account his lifestyle is real as those cars he is driving
I dont think he earns his money from trading ;D So yeah... fake
@@trustfultrading how are you so sure about it?
@@sarthakmaggon4134 This is of course just my opinion, I can not say for sure. But would bet a lot of money on it ;D And there are a lot of these "traders" on youtube.
first
TraderNick
'preciate you bro!
Does anyone know about SURESHOT FOREX team?
Do they pass the 4 red flags?
@@TraderNick well, they show third-party performances and blockchain transfers. But yet there are no myfxbook statements.
I have a friend who assures me 3% per month
So far he’s been on green months, never red
Is this possible?
I will ask for Myfxbook to see if he can show me proofs
"assures me 3% per month", you really should ask him ;D
@@trustfultrading but do you think it’s possible?
@@Algoo-X 3% per month is of course possible. But it cannot be guaranteed.