Earlier this week we spoke with people who had lost already over $200k, big part to a
self proclaimed Forex Guru and another substantial chunk in binary options.
The reason for our call was not to pitch anything, in fact we haven't even mentioned
our products. We get upset by people who got scammed out of their money, so we
wanted to add some value to help them prevent repetition of less smart investing decisions.
Investing: What To Look At
- Anyone guaranteeing you insane profits every month: run!
Think of it: IF they would be able to do it, they wouldn't be on social media
as who understands the power of compound interest, would realize that in
no time this world would be flooded with trillionairs,
Guess what, there are no trillionairs.
On top of that, in the world of trading it even is illegal to make any
guarantees. - Is the party you are transferring your money to licensed?
Any fund manager asking you to transfer your cash to them, make sure they
are licensed. Ask for license number. In fact, that should be on a website, visible to anyone considering investing.
If they don't have a license: run! - Is their a track record showing results?
Especially in the world of Forex trading, ask for results through MyFXBook or
FXBlue. Every serious trader will have this and historic data over a longer period of time should be available. - What risks are being taken with YOUR money?
Investing always involves risks. The higher the gains, the higher the risks.
Make sure you know upfront what percentage of risk is applied in order to obtain what percentage of gains. It would be not very smart to risk 10% of your capital in order to gain 5%.
It would make much more sense to make that a risk reward ratio of 1:1 minimum. - Who controls YOUR money?
Do you have access to your capital? Do you have insight on what is being done with it? Can you stop the investment at your choice? Questions that need to be answered before you invest.
The only concern should be the return ON your money, not the return OF your money. - Is their a RISK disclaimer?
Anyone offering investments in Forex is legally required to have a risk disclaimer on their website. If there is none, again: run!
- 5SS© does NOT guarantee any kind of returns. We only share historical data.
- Funds are NEVER transferred to 5SS© but to their partner broker's only.
These brokers are fully licensed and regulated. License numbers can be found on the broker's websites. - 5SS© is providing historical data on all available managed and copy trading accounts.
- 5SS© members determine the risk they feel comfortable with.
On top of that, we will always emphasize the relevance of having proper risk reward ratio's. - 5SS© members are always in control of their money. They invest in a trading account in their own name at one of our partner brokers. They decide when they want to add extra deposits or make a withdrawal, even when they would chose to stop investing completely.
- You will find our risk disclaimer at the footer of each page on our website.
It is your money and your future, it is your hope and your dreams....take educated decisions, always!
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