What foreign exchange scams have you seen?

pits in foreign exchange
crazy ea

I believe that everyone has the experience of being cheated. Nowadays, scammers are highly skilled and full of tricks. Sometimes it is really difficult for us to realize that we have been cheated, and we even realize it after being cheated. The first time I was cheated was in college. At that time, I went to Zhengzhou to find a friend, dragged my suitcase and waited for my friend to pick me up at the subway station, and then a middle-aged woman and a child aged 7 or 8 walked up to me. The woman said that they lost their wallets and there was nothing they could do. When I went home, I asked me to add WeChat to transfer some money to help them buy tickets, and then transfer it back to me when I got home. I was cheated for 45 yuan after a show. After being cheated, I came back to my senses I was lied to, I didn't know what was wrong at the time, but I chose to believe it. I haven't told my friends about this matter so far, or I would have been laughed at by her.

Later, I also met some, but I rejected them all. I also found that their target audience seemed to be some students or young people, and almost no middle-aged people. Maybe they think young people are easy to bully hahaha. With the advancement of social technology, scammers are also rapidly evolving, from the original offline fraud to online fraud, even begging has a QR code, are you still paying in cash hahaha. Especially in the circle of foreign exchange, scammers and black platforms emerge in endlessly and are repeatedly prohibited. Next, Xiaoqing will talk about some common scams in foreign exchange~

The first one is the well-known Ponzi scheme . The Ponzi scheme is the name for investment fraud in the financial field. It was invented by the speculative businessman Charles Ponzi. This scam is known in China as "tearing down the east wall to make up for the west wall", "empty glove white wolf". The legal charge is mainly fund-raising fraud, taking advantage of the public's lack of investment knowledge, blindly investing, and eager to obtain income through speculation, falsely claiming fictitious facts, concealing the truth, etc., falsely claiming that there are investment projects or fabricating unreal investments and income channels, so that the victims are deceived, so-called investment is made on them, and then the investment funds of the new deceivers are used to pay the income of the old investors, until no new deceivers are deceived, resulting in the inability to pay all the investors' income. In danger of collapse. Generally speaking, initial investors can get high returns, but that’s because there are still newcomers coming in to replenish funds to pay the returns. A typical Ponzi scheme will collapse within six months. Special rules The design is more compact and will last a little longer.

The second malicious slippage . Under normal circumstances, the spread of the trading platform is 20-30 points. If there are violent market fluctuations, such as non-agricultural, Fed resolutions, and epidemics that have a huge impact on the market, the slippage is Very normal phenomenon. However, if serious slippage occurs under abnormal circumstances, investors need to pay attention. First, they should contact the relevant staff to see how they deal with this problem, and then find some professional inquiry or rights protection platforms on foreign exchange. , Cautiously fall into a black platform, if it is really a black platform, you must grasp the evidence in time and actively defend your rights.

The third ​investment group , this should be more common, we can usually find some so-called foreign exchange experts or teachers in many channels (of course, it is not ruled out that there are real foreign exchange experts and teachers, here The ones I mentioned are mainly false) To attract a large number of foreign exchange novices to some online investment groups such as QQ groups and WeChat groups by sharing some experience in trading, analyzing the market, and posting profit orders on the grounds of trading. Then post a large number of transaction screenshots and profit orders in the group to attract novices to follow the order and let them open an account to recharge. However, in fact, the funds of these novices have not flowed into the foreign exchange market at all. To deceive newbies. As mentioned earlier, in order to gain trust, you will definitely make a profit at the beginning, but what you get is nothing compared to what you lose. Moreover, this online mode will make the deceived even more miserable, because you have nothing in your hands, even if you know that you have been deceived, once the group is disbanded, you will not even be able to touch the hair of other scammers, and you will lose money. Two empty.

The fourth ​automatic trading system, everyone has actually come into contact with this, the reason why I put it here is because some scammers use Xiaobai to understand the principles and operations of these systems, and use the banner of intelligent trading to carry out deception. Excessively exaggerating the role of the automatic trading system to deceive Xiaobai can achieve low investment and high returns. Generally speaking, they will deceive traders that their own trading system can automatically detect some things to ensure the best entry and exit points. Xiaobai who has just entered the industry can easily be fooled due to information deviation, lack of confidence in himself, and incorrect mentality. . The market is unpredictable, and even a living person cannot capture its changing trajectory, let alone a machine or system. We can only say that we can achieve our goals through this medium, rather than completely relying on it. The core thing is still in our own minds, which is the systematic trading model formed by ourselves.

The fifth point ​Illegal fund managers, generally speaking, legal fund managers will have certain professional qualifications and can really help traders make suggestions. However, in this mixed industry, there are often unproven fraud fund managers mixed in. The method is still low-risk and high-return, which is strange to say. After so many years, I really don’t know why some people still believe these lies. Maybe this is the so-called obsession with ghosts. These "fund managers" will mislead traders, especially Xiaobai, that the future market expectations are not good, and they need to increase capital investment. Once the fraud is successful, they will run away with the money.

The last thing I want to say here is to always remember that there is no free pie in the sky. You must correct your mentality and don’t step into the foreign exchange industry with the mentality of getting rich overnight, otherwise you will only have a liquidation waiting for you in the end, and never trust Gao Lies about profit return, low investment high income. If you feel that you don’t know much about foreign exchange, then strengthen yourself, learn more, and practice more, instead of taking this kind of "shortcut". There will never be a shortcut to success. Flies do not bite seamless eggs. On the way to contend with black platforms and scammers, we need to make more efforts on our own, except for the help of the outside world. Everyone, come on!

​The next article will provide you with some relatively high-quality foreign exchange query platforms and foreign exchange-related apps~ look forward to it~

Tell me about your painful experience of being cheated, not limited to foreign exchange~​

Copyright reserved to the author

Last updated: 08/28/2023 05:43

114 Upvotes
10 Comments
Add
Original
Related questions
About Us User AgreementPrivacy PolicyRisk DisclosurePartner Program AgreementCommunity Guidelines Help Center Feedback
App Store Android

Risk Disclosure

Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. Opinions, market data, recommendations or any other content is subject to change at any time without notice. Trading.live shall not be liable for any loss or damage which may arise directly or indirectly from use of or reliance on such information.

© 2025 Tradinglive Limited. All Rights Reserved.