Q&A: Anyone sign up for a Forex Demo account, which forced you to sign up for a Meta4 Newsletter?
Question by npboutros: Anyone sign up for a Forex Demo account, which forced you to sign up for a Meta4 Newsletter?
I signed up for a couple of demo accounts to give this new EA a try. Anyway to sign up for these i had to agree to sign up for a news letter. No problem
later on I get a phone call from a “David Scott” who put me through this “interview” process where he talks to me about my motivation, my goals, financial situation, financial goals, etc. etc.
bottom line is their “company” is “picking a select few” to sign on for this part-time forex training program. i have to give them 10 hrs/week. They preach a 6-12 month at-home training program where I will be assigned to an “expert forex day trader”. The idea is I will learn how to become a day trader and “make 6 figure income part time.” I said I’m interested to hear more and he puts me in touch with a “JP Morgan.” I have to fork over $ 5k for tuition and another $ 2k to put into my own live account to trade with.
you can see i’m a little skeptical with all the quotation (“) marks, but that is why i’m here. I figure many of you have signed up for demo accounts. Has anyone signed up for this newsletter? gotten the call? or better yet GONE THROUGH THE PROGRAM?
JP Morgan for one sounded VERY knowledgeable about forex. He was talking about making trades with 3% until my 3% was $ 1k-$ 2k trades. I know very little in experience but im well read in forex. If this is a scam then “JP Morgan” is probably using the scam money in the forex market.
no no, the guy’s name is JP Morgan. This has nothing to do with the company JP Morgan.
I’ll try to get a company name out of them.
Best answer:
Answer by joe
day trading is not for everyone. Some one did a survey that 95% of day traders blow up within 2 years. But then long term investing = hold stock till you die or stock goes to 0. I prefer swing trading with a proven strategy.
check out qi-research.com their methodology is scientific and historically proven
Add your own answer in the comments!
Wow. This sounds like a scam. These “training programs” generally don’t do anything except stimulate activity and churn through your money. I can’t imagine JP Morgan Chase doing something like this. Maybe the company has somebody who used to work for JP Morgan and is trading on the name.
Email me with the web site and I’ll be happy to look into this for you. I love helping people by deflating scams.
If you signed for an MT4 trading account I strongly recommend that you read about MT4 Expert Advisors and their benefits…
http://compareexpertadvisors.blogspot.com/
Each and every time you trade with an Demo account and sign up with your Email, you must be prepare for the spam Emails and such offers. Not all but most of the brokers sends the same mails to the traders.