The Wisdom of the Crowds robot was just released on the Forex market. It is said to be a cash-creating crowdsourcing platform. It could be treated as some sort of a social-trading platform.
The main distinction is that you do not follow one person and mimic their trading actions but adopt someone else’s opinion on a matter and execute your trades based on said outside opinion. This review aims to show why this system is bad for you and how it will rob you of the opportunity to develop your own trading techniques, knowledge base and form personal opinions.
The Wisdom of the Crowds is a SCAM.
Review Verdict: Wisdom of the Crowds is a Scam
The Wisdom of the Crowds is “Crowdless“
The first thing you will see on the systems website is an introductory video. The only thing it offers are a few faceless voices that claim to be satisfied clients of the robot. It is painfully obvious that the same people are trying to imitate different accents so that they create the illusion of how many different people with different backgrounds have tried the system and have made a lot of profits.
These “users” are paid actors and/or even the scammers behind the software itself. The images used are stock photos obtainable on the Internet. And to top it all of, the introductory video is full of grammatical and spelling mistakes that undermines its authenticity even further.
Same goes for the testimonial videos further down. They are fabricated and created by people who have made money at the exchange of lying with a straight face on camera.
Not only that. The members area of the website has some news-site excerpts. And huge names in the online news industry at that – Bloomberg and CNBC. Those are supposedly articles on the system, published on the media websites.
This would be very impressive if only it were true. These article headlines are all fabricated. They have not even made the effort to capitalize the first letter of the headline. After all, it turns out that the living proof of authenticity is only proof for how SCAM Wisdom of the Crowds actually is.
How To Tell that Wisdom of The Crowds is SCAM?
What we mentioned so far is not enough? Let’s see. The claim that the crowd makes the market and the crowd ‘has created’ this software is a bit far-fetched. We all know that people are the engine of the economy and they define supply and demand but what about financial indicators?
Taking the word of a person who cannot make the difference between a stock and a bond is very risky. Experts are an essential part of the crowd. Theorists and practitioners are the ones who provide us with some basic understanding of how the economy works. Would you trust the neighborhood gardener or the mailman with the direction in which your funds will go?
I know I wouldn’t and I advise you against it too. The video of the Wisdom of the Crowds is a simple propaganda message that is trying to tell you how independent of experts’ opinion you will be once you decide to follow the crowd. But do you know who follows the crowd? Sheep do. This false air of independence that the video is supposed to create the Forex online trading software is going to be the undoing of naive traders.
Scroll further down and you will arrive at some “Facebook posts”. The look fake from a mile. And they arefake. You cannot click them, you cannot follow a link to Facebook so that you can check for yourself. This is because such posts do not exist.
Why would a robot’s owner provide fabricated evidence if the systems was as reliable and profitable as it is claimed to be? The Wisdom of the Crowds is a scam and you should not fall for it.
Below the Wisdom of the Crowds system offers you some brief information on the most commonly asked question. Great. If only they were correct. Full of grammatical mistakes and with weird sentence structure, the provided answers will only confuse you more.
Do not forget, you are not given ANY information on how this platform works in the introductory video.
The Wisdom of the Crowds will HURT Your Finances
I can go on and on about the poor theatrics and techniques used to create this fraud. I would be happy to discuss it with you. Do not be naive and do not put your money in a system that will open a hole in your budgets as big as a Moon crater. As traders we deserve more respect and reliability.
Robots like the Wisdom of the Crowds succeed in offending our intelligence. I sincerely hope you do not fall victim to this Forex scam.
Review Verdict: Wisdom of the Crowds is a Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.