Anyone else been noticing the amount of forex niggas all over social media. On my feed I see a ton of high schoolers and college students promoting that s***, acting as if they gonna be make 6figures in a year (off only Forex). S*** is wild . More money is always good but I did some research on my own and have come to this conclusion.

Forex isn’t exact bull s***, but these groups, social media promoters, and IML or whatever seem to be. To be making a lot of money off forex (in the general thousands), that would take consistent years (5+) of studying like this s*** is a job. A lot of these social media forex niggas are scammers, and have no bread to show for it outside their scams. Every successful forex nigga I met doesn’t do group s*** or keeps to himself, and the ones who aren’t are scamming tf out of mad younger Nîggas to make more money.

They get paid for the amount of people they get to join their group, which is why there’s so much of them promoting Forex on social media. (That’s the most basic explanation though)

So what gives? If anyone can drop a different perspective please inform me. I have not met one of these forex promoters who have shown me real bread. Are all these niggas in my age group just willingly getting scammed/ scamming niggas?

Dropshipping 2.0

Majority of them are making money from getting others to join

Are all these niggas in my age group just willingly getting scammed/ scamming niggas?

multi level marketing

idk what forex is but im assuming its the same type s***?

look up iml rank chart that explains the payout system

Makes sense. Things is a lot of lower level people definitely not getting their money worth since they have to pay a monthly fee I believe lmao

facts reason I’m like hell nah whenever ppl try to get me to join

but you can make money from trading if you’re dedicated enough

Forex means foreign exchange trading, like selling dollars for yen

Any normal person doing forex is an idiot, it's way too complicated for a layperson

The thing OP is describing is probably scamming to get people to join some platform

Currency trading is not comparable to trading stocks it's a whole nother level u gotta be informed of politics of entire countries

I had no idea tbh

Forex is real it's the people that can make them scams pretty much making you pay them to be apart and gain advancements all while pressuring to invite people to pay you is a classic pyramid scheme type of thing

Lost $500 to this s***

forex and other derivatives are wild but i feel like most never really win. stay too long in the casino type of thing

Edit: I thought this was a different type of forex-related scam. This sounds like a pyramid scheme, since without a basic understanding of how derivatives work, you'll lose money in the long run.

There is no easy way to make fast money in investing or finance. Anyone who tells you otherwise is involved in a scam

people don't want to put the work in to achieve financial success so all of these "easy money" scams are poppin.

From what I've heard most of them are offering lessons at extremely inflated fees, like Obama was doing after he left office

Pyramid scheme

Fucc them niggas

This b**** got me into it now I gotta see her at the gym. She keeps reintroducing yourself and I keep acting like I don’t know her!

Forex itself is legit, but these IG entrepreneurs are running pyramid schemes and disguising it as Forex Trading. Its sad really, a lot of them dont even realize theyre doing it theyve just been told to and are too stupid to realize it

They say s*** like “join me for $200 and ill train you” or “for $200 ill let you see what i invest in”

Youll often catch these idiots at starbucks with their laptops open showing a bunch of “fancy graphs” to entice young people into asking what they do.

Some dude at Walmart that was working in the electronics section tried to get me into this bs. He said his “mentor” was a millionaire and that soon hed become one, he wanted me to pay him like $400 to join under him and that if i ever wanted to join him i could catch him at starbucks. He was like “i just need 400 more people to join me”

Pyramid scheme

Bruh

man its crazy ppl fall for dumb s*** like this