I'm probably missing the upshot of these recent posts, but a neophyte might mistake them as taking these scamsters as serious traders, even if bad at it, or even as serious software sellers, even if their software is not so good. In fact, as SethArb pointed to, they are run-of-the-mill fraud artists. Excerpt of article SethArb pointed to:
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The company claims its software can turn anybody into a wealthy financial wiz practically overnight by trading foreign currency.
But what they don't want you to know is the makers of the software have a troubling history of fraud, lawsuits and customers who went broke.
WAVY News 10 attended a recent seminar for '4x Made Easy.' 10 On Your Side's hidden cameras saw a crowd of attendees being told all they had to do was buy the '4x Made Easy' software for $3000.
"Does that sound good to everybody?," screamed the seminar pitchman. "Good, all right!"
During the seminary, the company salesman lured the audience in with lavish stories.
"You know George Soros made over one billion dollars on the British pound in one day."
The pitchman for the '4x Made Easy' software made the road to riches seem as simple as a child's video game - complete with red and green arrows.
"And I guarantee you, you can take a couple hundred dollars into a couple thousand here in the FOREX a whole lot faster than you ever can in the stock market."
"You get horrified thinking those are people's mothers and fathers," says Investment Advisor Gordon D'Angelo with the Next Financial Group in Virginia Beach.
"It's a very dangerous thing, and people fall in love with the belief and the confidence that it's guaranteed, this is easy, I can it do it from my home, I can do when I want to - all false."
The federal government also says the claims are false.
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p.s. The article when on to note that most of the seminar attendees were elderly and/or handicapped. Just dishing out more of the love in the wonderful world of retail fx.