Igor,
Makes perfect sense. Thanks.........
--- On Mon, 6/13/11, igorastafiro <igorastafiro@yahoo.com> wrote:
From: igorastafiro <igorastafiro@yahoo.com>
Subject: [4XONTARIO] Re: SCAMMERS AND EA'S AUTOMATATED SYSTEMS
To: 4XONTARIO@yahoogroups.com
Date: Monday, June 13, 2011, 2:09 PM
Hi Brian.
A list would not be very productive because these scammers often change their web sites when they are detected so the process is elusive. The best we can offer is, BUYER BEWARE. We have also investigated so called "policing" sites and found that they are counterproductive as well. They often use blackmail against legitimate vendors to gain advertising from them. As you can see 4xOntario is a users group has very strict guidelines...we cannot get into the promotion of anything. The best we can hope for is to educate people to be aware of what is going on.
The FOREXBODY EA we have recommended is for educational purposes and should be one for our members to test out. In a few weeks we will post a second good EA which we have come across but we first want traders to give this one at least two weeks trial to get their feet wet and get some reaction. We need feedback from those who try it for us to know if we are on the right track in making any further recommendations. We are considering giving out our second recommendation ONLY to those who post their findings so we can add to our group of testers...IT WILL ALL DEPEND ON THE MEMBERSHIP.
Igor
--- In 4XONTARIO@yahoogroups.com, Brian Fay <briandfay@...> wrote:
>
> Is there anyway you can post a list of the Scammers? I think that would be very helpful.
> Â
> Cheers,
> Brian
>
> --- On Fri, 6/10/11, bill <billhart44@...> wrote:
>
>
> From: bill <billhart44@...>
> Subject: [4XONTARIO] Re: SCAMMERS AND EA'S AUTOMATATED SYSTEMS
> To: 4XONTARIO@yahoogroups.com
> Date: Friday, June 10, 2011, 6:18 PM
>
>
> Â
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>
> Thank you for the post Igor,
>
> Bill
> --- In 4XONTARIO@yahoogroups.com, "igorastafiro" <igorastafiro@> wrote:
> >
> > Our group has been looking into some of the tactics of sophisticated scammers who are after your money.
> > 1- They now create entire web sites where they pretend to test other EA's by which a particular EA does better than the rest (their flag scamship).
> > 2- Pricing: Their tactic is to price an EA at ridiculously high prices to make you think if it is that expensive (as much a $2000), it must be good. They usually limit the number of copies sold to 100. If you follow the site they do stick to their claim of 100. When the copies are sold ( 100 people scammed), they close down the site and just simply start another under a different logo or "super EA". In this way, they scam the most gullible.
> > 3- Membership chat sites. Another tactic they use is to set up membership sites or to infiltrate existing ones where they discuss EA's sold on the market. They promote their EA or they exploit people's gullibility and simply ask that they be contacted "on the side (PM-private message)" to give you some free software or advise. Once they have your e-mail, "your new friend and good Samaritan", will try to sell you "the better robot" on the side.
> > The number strategies the scammers use are as vast as the universe. We have been surprised most not by the scammer's tactics but the gullibility of the public to simply hand out their money to anyone with an e-mail or web page over the internet. Here is the "golden rule". When YOUR money is in THEIR pocket it's too late! There are some legitimate operations out there with some developers having come up with very sophisticated robot EA's. The best way to secure yourself that it is not a scam it to make sure YOUR money stays with you until you are able to determine if the EA meets your expectations. We have found that products bought through ClickBank which guarantee the safe refund of your money within 60 days to be the most reliable. Another effective method is for the vendor to allow you free access to a demo version of their EA.
> > BOTTOM LINE IN ALL THIS, BUYER BEWARE, THE SCAMMERS ARE AFTER YOUR MONEY!
> > We are now examining, on line forex scams pretending to train people to trade Forex. We will post our findings in good time.
> >
> > Igor
> >
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