My mate is bullish on a forex trading system in which apparently has ~8%per month returns with some 'safe' bots. He's into 'Forex Kings' is an education/mentorship program which costs ~$3k, and there are developer and broker fee's that get taken from any profit. He isn't someone who generally just jumps at any get rich quick scheme without a lot of research.. Now, I have absolutely zero forex knowledge so am totally naive, but the 8%pm returns has got my 'too good to be true' radar on and absolutely call BS. Is my mate going to do his dough? Would love to hear from anyone genuinely experienced in this stuff to hear benefits/risks/thoughts. Cheers, Robbo
Sounds like the usual ponzi scheme - cryptos were the popular cover story until recently, but maybe its back to forex vehicles now. I think I remember reading about a forex one recently that went under actually - can't remember the name.
Okay I just remembered - it was Courtenay House Trading Group. Apparently did a couple of actual forex trades every now and again. Otherwise massive ponzi scam. Sounds all pretty similar.
