I am Collin Tyusm and I have been a trader for quite some time now. I decided to start a forex trading blog to share my experience with you in hope of helping you stay safe from scammers.
Don’t get Bullied into a Forex Scam
Despite the growing popularity of forex and CFD trading, criticism is strong. Some compare it to said schemes. Opponents of this phenomenon claim that it could incite disruptive behavior, influence you into taking uncalculated risks and making uninformed investment decisions.
This is more true than false. In order to be able to trade with forex and CFD, you basically don’t need financial background or knowledge whatsoever. The seemingly easy and intuitive way of trading and the opportunity to let a robot trade in your stead, can be very addictive.
The end result is a lot of people who prey on others’ inexperience, naivety and even financial desperation. Frauds aim at thrill-seekers, risk-takers, the rich and the poor. Basically anyone with a bank account. They develop systems for automated trading, the so-called forex robots, distribute the software, usually for “free”, and make big promises, which sound amazing, but are rarely kept.
By now you are probably asking yourself “Well then, why would I even start trading with forex investments, regardless of whether it is directly with a broker, or with an automated system”? The answer is – it pays-off.
A Helping Hand
At the start of the global financial crisis of 2007-08, I, an average working man, lost my job and 2/3rds of my savings. For a while I worked whatever I could find so that I don’t let my family starve. We were barely keeping up with our mortgage payments until we reached a point at which we were unable to pay anymore.
In one of the hardest moments for me and my family, a good friend of mine, who also lost a lot because of the economic meltdown, introduced me to forex and CFD trading. He had tried it and was regularly making good money from his investments. At first I was really reluctant to try it and risk our last money, but as I said desperation sometimes makes the choice instead of you.
I will be forever grateful for what my friend did for me. He helped me choose a reliable auto trading system and a broker. Thanks to the robot, there was no need for me to control my operations manually and had the time to work and still make a living in case anything went wrong with my investments.
If I tell you that I’m filthy rich and live in a house worth millions, I will be lying to you the same way robots’ creators and brokers tend to lie. But few years later, I live a comfortable life and I don’t worry about money and overdue payments. All because I found the world of forex trading and my friend helped me make a safe and reliable choice.
That is Why I’m Here
After years of experience in forex trading I decided that I could be the one to help others, the way my friend helped me. If not for his advice and initial guidance, I probably would have lost every last penny or would still be working whatever I could find just to make do. Now, I want to share my experience and knowledge with you so that you can make an informed choice when starting with automated trading or just switching systems.
Here we will discuss robots, which are or are not reliable. I will share with you insights on using the different systems, help you make the difference between legitimate and scam software. We will also discuss some brokers so that we can close the whole cycle of CFD and forex trading.
All in All
I invite you to join the community of CyberMentors.org.uk. Your input and feedback will be highly appreciated, so that I can provide better help and enhance user experience in any way possible.
I hope that you will find my work interesting and helpful. I’m looking forward to hearing from you.