Anyone doing IML forex..is it a scam ?

[AlwaysLurkin]

My homeboy talking about doing that IML forex program..is it a legit

 

[Virtuous_Brotha]

I cracked and purchased the course last week i'm spectical about MLM but breh who recruited me seemed like a good dude. Thought fuk it i ain't gonna be working or spending money until June may as well see if i can spend money to set me up to make money .
All good so far obviously there is a lot of free material on youtube you can use but with a decent group you can get signals and mentor ship. Not sure how long i'll pay the monthly fee though but on the team i'm in seem to be legit traders in the whatsapp group nobody is even talking about hustling the course

 

[Eddy Gordo]

I cracked and purchased the course last week i'm spectical about MLM but breh who recruited me seemed like a good dude. Thought fuk it i ain't gonna be working or spending money until June may as well see if i can spend money to set me up to make money .
All good so far obviously there is a lot of free material on youtube you can use but with a decent group you can get signals and mentor ship. Not sure how long i'll pay the monthly fee though but on the team i'm in seem to be legit traders in the whatsapp group nobody is even talking about hustling the course

I am getting in next month. Perfect stimulus investment

 

[ComorianKid]

if they have the secret to making money, then why are they giving that information to other people?

seems like a pyramid scheme to me.

 

[Carlton Banks]

So... Long story short.

I have a friend from elementary school who's dad owns a big business and his mother worked in healthcare. Basically their family was rich already. Had a mansion in Miami and everything. I know cuz I spent a summer there when we were kids. Anyways this dude bought a bunch of followers on IG and is selling everyone this rags to riches story about himself and that he came up with forex. The levels of dishonesty on his page is downright hilarious. Mind you, he's tried to get me to do ACN and all them other pyramid scheme in the past where he and I ended up losing money on.

So I just find it interesting that people that have done these MLM pyramid scheme shyt are all suddenly forex traders.. a lot of them are people who had money already and are lying to people.

 

[Max.]

 

[Striving For Greatness]

@ the caption

 

[Virtuous_Brotha]

if they have the secret to making money, then why are they giving that information to other people?

seems like a pyramid scheme to me.

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.

 

[Spence]

Another one bites the dust

there’s hilarity in the wakeupnow thread I think it’s in JBO. Spectical huh? ​

 

[O.T.I.S.]

Another one bites the dust

there’s hilarity in the wakeupnow thread I think it’s in JBO. Spectical huh? ​

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????

 

[Malik1time]

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????

I went thru the whole Facebook forex scene don’t fall for it the professional forex traders in Wall Street promise a return of 4% a year returns/stock so ask yourself this question...... do you really believe a bunch of 20year olds are averaging 30-40% returns per month
Don’t follow in my mistakes stay away from those clowns

 

[Freedman]

You can trade forex for free. Probably free groups for signals or at the least you can pay that 200+ to signal groups vs paying it to IML for nothing

 

[invalid]

breh who recruited me

There is an MLM element to it but the referral/recruitment side is optional

Breh, ALL MLMs tell you recruitment is "optional" and just another "avenue" for you to generate income.

You already drinking the Kool aid.

I actually work in the finance industry and any fx trader worth their salt would not willingly encourage others to start trading in fx because of its highly speculative nature. You should know first hand the type of inevitable losses you have to take and to encourage these dudes on the Coli, who quite possibly don't even have basic investing knowledge, let alone extensive knowledge of the market, to start trading in fx is reckless. Most legit fx traders are not even trading with their own money.

If you want to be helpful, tell these dudes to contribute to their 401ks up to their company match and increase incrementally each year. Tell these dudes to max out their Roth contributions each year. Tell these dudes to properly understand their limitations and risk profile when making diversification decisions. But don't have these dudes jumping into fx trading because you're setting them up for disappointment.

 

[⠀X ⠀]

My neighbor tried to get me to join a forex group, where they’d meet every week. I wasn’t trying to be a part of that. For one, it reeks of an MLM. Two, I doubt I’m gonna become successful being a trader, with what few dollars I have. It takes money to make money when investing.

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

 

[SheWantTheD]

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????

SCAM.

Most people aren’t going to work hard enough to see returns and make their money back when doing these MLM scams.