How to identify Forex scams in 5 steps (5-FX-Scams 1/6)

"5 Forex Scams Used by Providers of EA, Indicators and Trading Signals" by Rimantas Petrauskas. http://www.rimantaspetrauskas.com/ You are watching: "How to identify Forex scams in 5 steps" (Video 1 of 6) I've been scammed myself before, so I know quite a lot about Forex scams. This is why I created this video series. ----- How to identify Forex scams in 5 steps: 1) How did you find out about the product? Spam email or reputable website/magazine? 2) Are there only backtest results? Backtest results alone cannot be trusted. Ask for Myfxbook verified results. 3) Are Myfxbook results are public or they are private with hidden data? Do not trust hidden results. 4) Do you get investor password with IP address? Don't trust it. 5) Check reviews on ForexPeaceArmy.com. ----- Presentation created by Rimantas Petrauskas - algorithmic Forex trader, programmer and creator of many MT4 Apps. http://www.rimantaspetrauskas.com/

Comments

1. Depends on the strategy. If you backtest on tick level data (using Birt's TDS), then it is pretty trustworthy. The backtest needs to be honest and cover all likely trading scenarios. But most people do not know how to test over various trading conditions.
   
   I also disagree with not needing programming skills to program a trading system. As if/then/else conditions get complex, you cannot use a drag/drop programming solution. You need to create custom functions.
2. thats a good information..so far ive never found anyone who come with this info..
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