Beware of Screenshot Traders

Profit in Demo Accounts

It’s easy to show profit in a demo account. People who make $500 to $700 in a day likely don’t have time to come to Facebook to share signals or manage groups. With that kind of income, one would naturally be busy with many other business ventures. Those who earn significantly more usually don’t spend their time on social media.

The Reality of Trading

If someone claims to make such profits daily, they are operating at a billionaire level. They wouldn’t focus on selling signals or courses for just $100.

Screenshot Manipulation

Screenshots can easily be manipulated. Traders can open two demo accounts, one for buying and one for selling, and present a profit history from just one account. This can also be done on real accounts.

The Truth About Investor Passwords

Traders who cannot consistently profit may refuse to share their investor passwords. After a month or two, their trading accounts may end up losing money. They often trade aggressively, opening buy positions in one account and sell positions in another. One account may show profit while the other becomes zero, which makes it difficult for them to provide a stable portfolio.

Questions to Consider

• Why Not Share Investor Passwords?
  They claim they don’t want others to copy their trades. If that’s the case, just provide the MQL5 link for copying.
• Portfolio Creation
  If portfolios can be fabricated, why can’t screenshots be as well? If you have a portfolio on MQL5, show it to us.
• Lack of Long-Term Accounts
  If you’ve been profitable for five years, why don’t you have an account older than one year? Do you change accounts every month? Is your broker not paying? This is absurd. Profit-making forex traders don’t have time for these games.

The Importance of a Real Portfolio

A legitimate trader must have a Myfxbook or MQL5 link showcasing their trading history. This is their identity. Don’t fall for scams from dubious individuals.

For New Traders

Before falling into traps, consider these points carefully. Protect yourself from being deceived.

Portfolio Evaluation

Having a 2-4 year old portfolio is not enough. You need to assess whether the trading system is secure. Strategies like grid trading, martingale, or scalping can yield results by chance over 2, 6, or even 12 months, but there are many hidden secrets behind them.

Conclusion

Always remember that unreliable portfolio systems will eventually fail. Stay vigilant and informed to avoid being misled.