subject: Forex Tracer Scam - Forex Traders BEWARE! [print this page] Whilst labelling it the Forex Tracer Scam maybe a bit too harsh, it's clear that this software system which supposedly scalps you pips whilst you effortlessly sit back and relax will not do exactly what it states.
If it takes someone years to become accustomed to the behaviour of a certain currency pair, then just inputting your margins without any experienced seasoned knowledge won't cut the mustard.
In truth, this system which was created and developed by savvy internet marketers and software developers to sell to the online market was a brilliant piece of marketing.
Internet marketers of different levels of experience were rounded up through forums and email lists who unleashed a Forex Tracer system marketing storm all over the search engines.
That was back in mid 2008, yet now it's still surprising to see that this product is still selling and through new companies like COPEAC, a CPA agency, as opposed to its original retail shop, Clickbank, a mecca for online affilaites.
Why it has been labelled the Forex Tracer Scam is that if making profit on the forex market were that easy then we'd all be at it.
This is a downloadable product so you have:
1. No broker to consult to discuss whether roll over rates will be displayed clearly.
2. No way of finding out whether you will earn positive rolls at every marjin.
3. No way knowing whether you can hedge or not.
4. No way of knowing whether you can lose more money than you have in the account
5. No customer service.
It isn't a Ponzi scheme or a HYIP site like the Forex Macro was, it's just a downloadable piece of software, so to call the Forex Tracer a scam maybe a little too strong although those who have lost alot of coin may disagree.
