Risk-Free capital for newbie: does it make sense or is it a scam? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Newbie asking a newbie interest rate question: 1 reply

Does advanced functional analysis make any sense? 3 replies

Does this make any sense to anyone? 2 replies

Order Bid/Ask: Does this make sense? 3 replies

Does that make sense to you. 6 replies

Risk-Free capital for newbie: does it make sense or is it a scam?

  • #1
  • First Post: Edited 10:00am Sep 20, 2017 9:36am | Edited 10:00am
"What if you could learn a trading system that was so good, the people teaching it would ALSO give you risk free capital to trade it?
You see a lot of trading systems out there, I'm sure you've tried quite a few as well right?
But, have you ever traded a system that is backed up by a funded account as high as $250K?

Imagine if you could trade with NO personal risk. Just a bit of your time each week.
And, not need any prior experience?I keep receiving such letters and I keep wondering why would one teach you a trading system as well as give you risk free capital?

I don't see any reason for them not to employ a few inexperienced persons themselves and get this job done.

Why do they need the students?

Just to fleece them. Charge a bomb for training, keep failing them repeatedly and force them to keep paying tuition fee every time.

Why can't they just charge some administration fees to provide trading floor to them and arrange a capital provider? And exercise control over their accounts and don't let them take undue risks? Keep both happy - the trader and the investor.
Practice makes a person perfect
  • #2
  • Sep 20, 2017 11:07pm Sep 20, 2017 11:07pm
Quoting simnz
"What if you could learn a trading system that was so good, the people teaching it would ALSO give you risk free capital to trade it? You see a lot of trading systems out there, I'm sure you've tried quite a few as well right? But, have you ever traded a system that is backed up by a funded account as high as $250K? Imagine if you could trade with NO personal risk. Just a bit of your time each week. And, not need any prior experience?I keep receiving such letters and I keep wondering why would one teach you a trading system as well as give you risk...

You know the answer.
I live entirely from the growth of my personal trading account
  • #3
  • Sep 21, 2017 3:28am Sep 21, 2017 3:28am
The intention is to find legitimate trading floor operators who don't provide training, but provide a service of trading floor and sourcing capital provider against an administration fees charge. He can test the suitability of the trader and conduct orientation training on behalf of the capital provider as to risk managment for a maximum period of 1 month, which should be sufficient for an experienced beginner or intermediate trader to understand the needs of the capital provider.

Hoping someone will share information about such legitimate players here.
Practice makes a person perfect
  • #4
  • Sep 21, 2017 3:37am Sep 21, 2017 3:37am
As it has been said many times , " If it sounds too good to be true then it isn't true"
Newbies will end up being fleeced by being brain-washed into believing that they are very near to success.
When the going gets tough , the tough get going
  • #5
  • Sep 21, 2017 4:07am Sep 21, 2017 4:07am
Quoting simnz
"What if you could learn a trading system that was so good, the people teaching it would ALSO give you risk free capital to trade it? You see a lot of trading systems out there, I'm sure you've tried quite a few as well right? But, have you ever traded a system that is backed up by a funded account as high as $250K? Imagine if you could trade with NO personal risk. Just a bit of your time each week. And, not need any prior experience?I keep receiving such letters and I keep wondering why would one teach you a trading system as well as give you risk...
hi
if you have time and bored a bit, somewhere around beginning of the month i made 1 or 2 posts about this topic, and involving one broker that started to advertise on FF.com about being funded....
it might contradict some of your pre-set thoughts..

however, be aware, that no one is funding newbies with zero experience, nor newbies with 100$ bonus funds or cents accounts....

i am however on agreement that most options out there offering funds to trade are fleecing, and either trying to sell education as prerequisite, or paid trial periods.
there is always, always another trade!!
  • #6
  • Sep 21, 2017 4:18am Sep 21, 2017 4:18am
The goal is to discover real exchanging floor administrators who don't give preparing, however give an administration of exchanging floor and sourcing capital supplier against an organization expenses charge. He can test the reasonableness of the dealer and direct introduction preparing for the benefit of the capital supplier as to hazard administration for a most extreme time of 1 month, which ought to be adequate for an accomplished fledgling or transitional merchant to comprehend the necessities of the capital supplier.
  • #7
  • Last Post: Sep 22, 2017 10:41pm Sep 22, 2017 10:41pm
I would consider it as a totally scam, there's now way that you could make any trade risk free. It is there and it will be there for the whole time.
0 traders viewing now