Hi All,
I've been following a 'trader' on facebook for a while who looks like he making loads of money from trading forex. Now he runs a company that is offering what they are calling an 'apprenticeship'. The details of this are as follows: open a live account with 24fx, deposit around £1k and you get on-going training and support and some signals to help you. Apparently the goal is to become a full time fund manager with them if you are any good.
All of this feels a bit suspect - I mean if its genuinely free what is in it for them? Also I question whether the screenshots of his trades are on a demo account as he is trading 100 lot size positions, even with a hefty account leverage that still requires quite a large funded account no? Also if he can go to the market, place a trade and make £60k in one go why is he even bothering with everything else?!
I enquired for some more info just to see how they handled my enquiry and basically got called a s**t load of times by a couple of different people trying to get me to register.
I suppose I just don't understand how he is making his money? Surely you cant fly first class, own a massive house and shit loads of watches if you aren't making a load of cash somehow? Is there really that much money in training and scamming people? I just don't understand if its all a scam why people aren't coming forward and saying so?
What do you guys think? I haven't registered by the way and don't intend to as I can't make everything stack up in my mind!
Thanks!
I've been following a 'trader' on facebook for a while who looks like he making loads of money from trading forex. Now he runs a company that is offering what they are calling an 'apprenticeship'. The details of this are as follows: open a live account with 24fx, deposit around £1k and you get on-going training and support and some signals to help you. Apparently the goal is to become a full time fund manager with them if you are any good.
All of this feels a bit suspect - I mean if its genuinely free what is in it for them? Also I question whether the screenshots of his trades are on a demo account as he is trading 100 lot size positions, even with a hefty account leverage that still requires quite a large funded account no? Also if he can go to the market, place a trade and make £60k in one go why is he even bothering with everything else?!
I enquired for some more info just to see how they handled my enquiry and basically got called a s**t load of times by a couple of different people trying to get me to register.
I suppose I just don't understand how he is making his money? Surely you cant fly first class, own a massive house and shit loads of watches if you aren't making a load of cash somehow? Is there really that much money in training and scamming people? I just don't understand if its all a scam why people aren't coming forward and saying so?
What do you guys think? I haven't registered by the way and don't intend to as I can't make everything stack up in my mind!
Thanks!