Anyone doing IML forex..is it a scam ?

[MajesticLion]

 

[Carlton Banks]

What does this even mean?



Anyway, funny I was going to make this thread yesterday. My little sister brought this to my attention seeing how I didn’t even know what it was.

After doing research and seeing how desperate her “mentors” were to “recruit” her, I started thinking it was a pyramid scam.

I told her it’s on her ofcourse, but it seemed too good to be true type of thing. Plus 200$ for a course and a monthly fee????

There is an MLM element to it but the referral/recruitment side is optional, the only thing is it is hit and miss with who you sign up with and if they are actual traders or looking for a short term hustle to sell courses. It is not a secret to make money per say, since you need to actually learn forex and go through a training plan, from there trade on a demo account ask you're mentor whenever you struggling. You can definitely learn on your own though if you're brave enough.

Funny thing about these "courses" and "mentorships" .... These guys basically charging all this money to give you the basic knowledge of trading. The richer they appear to be, the more they can drive up the price of their courses/mentorships. That's why so many forex traders show off their luxury house, cars, watches and lifestyle. 9 outta 10 times they either don't actually own those things or made their money through other endeavors and were already rich before forex. It's all a hustle. People will pay top dollar for advice from a young breh driving a lambo or Maserati even if they aren't sure if it's 100 percent his. It's all just taking advantage of people and separating a fool from his money.

 

[Juliano Soprano]

imagine if people got together like this and recruited their friends to open real businesses....

Mannnn, that’ll be lovely. I’m actually down for doing something like this currently. Chinese Americans do this and been killing the small biz game for as long as I can remember.

 

[TNOT]

If they can’t answer simple questions about trading stocks, and how the market works stay away.

 

[AlwaysLurkin]

My homeboy told me weeks ago he made $700 in a day..then yesterday he told me it was on the demo account He has made a few hundred but also loss a thousand so far.I keep telling him I think most of these people making money selling the program and not actually trading.

 

[UncleTomFord15]

nikkas in here really bought courses from these "gurus"