Forex investing involves substantial risk. But you wouldn’t know it from some of the promises made by the guys who write some of these newsletters and make some of the promises on FaceBook.

Yup. You can make a killing if you’re good at it. And we don’t doubt some people are. But be careful. There are a lot of shysters out there.

I’ve been involved with a couple guys who held themselves out as gurus and would sell their “trade entries and exits” for a fee of $25 or $50 per month. And yet, after trades went bad, they’d say things like, “hopefully you got out of that trade.”

When I would question them on why they didn’t update the trade and tell us to exit, it was somehow always my fault – they were only making suggestions. It wasn’t the way they sold the course. But when it went south, that was their fallback.

Watch out for scammers like this. They promise the moon, but when things come up short, they always blame you, even though it was their advice.