A few days ago, I was chatting with someone who actually profess to be a Forex Manager. Intrigued by this as I'm in the FX line myself, I asked on and etc. When I asked about how long he's been in the market, he told me 2 years.
Sounds like a scammer? Well, I went on talking to him and he says that 2 years is more than enough time for him to be good at trading FX already. Since he's only had 2 years experience, I thought to myself that he must either be very educated and etc. I asked on and the most surprising thing is that he's only 19 years old and he's from Egypt.
He even told me that he's going to start his own Website and start a Forex Company soon. I asked if he's licensed or etc (maybe he's a whizkid) he said that since he's from Egypt, he doesn't have to have a license for managing funds for others plus that Egypt has no rules and etc. So opening up a Forex Company is totally fine and all those good stuff.
We ended up in kinda an argument but he did tell me something which was very intriguing. He's still studying and managing someone else's money is helping him pay for studies and etc.
Anyway, to make the long story short, I am just asking you guys to be really very careful if you're new at the forex scene and DO NOT allow anyone to manage your money without first knowing who he is and if possible get his profile first.
Personally I've been in the FOREX market for about 7 years and through all these years, I still dare not call myself a Forex Manager to manage money for others and etc. Its not that I don't make money or something, just that
1. I'm not certified to be a Forex Manager
2. I'm not wanting to take the risk with money from others
3. I doubt that 7 years is long enough to be perfectly good at this FOREX
So, please for those who are just beginning, please BE CAREFUL and do not let anyone fool you in believing that he's able to manage your money with only a few years of experience.
JUST BEWARE AND BE CAREFUL!!!