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I was contacted by someone from iMarketsLive/IM Mastery Academy and crashed a few of their zoom calls

I was recently contacted by someone on my personal IG account who I didn't follow and who didn't follow me back, asking me if I was interested in learning about trading and making money while doing it. Turns out I'd actually been researching the company for about a week for my podcast. He probably found my account because for that purpose I followed a few of their influencers, even though when I asked him how he found me, he lied and said he's go through hashtags about trading and entrepeuneurship and message the people who used them.
Since I wanted to dig a little deeper, I told him I was interested and he invited me to a zoom call later that same day, where some team leaders would talk about the opportunity more in depth.
I got into the call and there were about 150 people at the start. Later that number would go to 250. The speaker was 24 years old and in the rank of chairman 10, which means he makes 10 thousand a month. That number though, is exclusively due to bringing more people in, not from trading. First thing he did was quote Rich Dad, Poor Dad from Robert Kiyozaki. He quoted the bit of the book that says that 5% of the people on the world own 95% of the money, and that's because they have their money working for them. Basically this was the set up to say "If you want to be part of that 5%, this is your chance." I atended a few more calls, they all had the same tone, and the same predatory nature of all of the messages I've been seeing in this subreddit for years: be your own boss, have financial freedom, flexible hours, talking about people who have a normal job with a normal schedule "aren't truly free", and how trading, bitcoin and forex is the future, and anyone who doesn't jump at the opportunity right now is just missing out.
Even though I've been consuming antiMLM content for a while and could see right through all of their bullshit, it was truly disheartening to be on those calls and go though their social media and see how many people who are really vulnerable, specially due to the pandemic, are being bamboozled by all of this.
From my research into them, I've learned that, as is the case with most MLMs, most of the people who join end up losing money, that their executive VP, Alex Morton is an absolute sleazeball who was in two MLMs before this one (Vemma and Jeunesse) and that the product they offer, the trading courses doesn't seem to be hight quality (I don't know much about trading, so I googled "best online trading courses" and they didn't show up in any rankings, even though they claim to be the #1 online academy worldwide in their presentation without citing any source) and there are services who offer the same for a fraction of the price and without the incentive to recruit anyone.
This MLM is absolutely blowing up in my country (I'm from Chile). Recruits have been trained to ignore any sort of criticism as jealousy, negativity of just ignorance, and while they incentivize their members to "study and expand their knowledge" this invitation seems to be limited to their pre approved list of self help and millionaire mindset books, and the very bottom of the barrel content their own influencers produce.
I haven't seen much about this MLM on this subreddit, so I'll leave some of the resources I used when reasearching them:
-Truth in advertising's analysis of the company: https://www.truthinadvertising.org/what-you-should-know-about-imarketslive/
- Can you make money with IM Mastery Academy? https://www.finance-guy.net/streetonomic/im-mastery-academy-review
-Is IM Mastery Academy a scam? Most people make $52 for the year https://theaffiliatedoctor.com/is-im-mastery-academy-a-scam-most-people-make-52-for-the-yea
submitted by retiredmathteacher to antiMLM [link] [comments]

My journey growing my passive income: Forex copy trading

Dear passive_income redditors,
For years I searched ways to enable me to earn enough passive income to cover my daily expenses. I have tried literally everything online I could get my hands on, not all of them being 100% passive. Matched betting and value betting for example made me a couple of grand, but were about 10 minutes a day and were not scalable at all since I got limited very quickly. Crypto investing made me some good money, but also a lot of stress since it was the Wild west in comparison with traditional investing and days could turn out to double your investment or half your investment. Besides that I purchased a real estate property partly from my job earnings and partly from my crypto realized gains and am starting to rent it out (I know, we can debate whether real estate is passive, but that is not the intention of my post). Things that lost me money were dropshipping businesses, Facebook ads, and a lot of other silly stuff.

But I found a hidden gem to make passive income easily. Earlier this year, around March I came across copytrading within the Forex market. I started in April 2019 with a deposit of $5,000. Today, June 12th, it's worth $5,800+. On average I got a 7-8% return in April and May on my deposit. While this is immense, it's more conservative to aim for a return of around 5% a month.
The idea is as follows: you copy the trades a professional and profitable trader makes by automating the process using optimal software. You pay a monthly fee to cover for the traders' signals and connect a VPS to these two. I'm not a technical guy at all so I pay a legit business 25% of my net earnings to set it up for me and monitor it daily. They also fix your account when errors appear once in a while with the software. This way your accounts follows a masters' account managed by this professional trader and just copies his trades automatically. The traders you can choose from have historical track-records. The one I follow averaged about 6.7% compounded monthly since the start of his account in 2015. Resulting in a total gain of about 1850%-1900%. This is a 19x initial investment in 4 years. By using welcome deposit bonuses that different Forex brokers offer, you could double the gain or halve the risk (something I definitely do). This method is 100% passive and there is no chance of someone being able to access your money since the trader that provides the signals never has access to your account. Your funds are between you and the Forex broker you sign up with. So you are at control of your money 24/7 and able to close trades whenever you want as well (not optimal to do).
Is it too good to be true?
If you think this, I can't blame you. I always read these scams of Forex people on social media and I've experienced different ''too good to be true'' situations in my life. But remember, your capital can't never be accessed and these people have track records. In the 9-10 weeks I participated now, every week was profitable. Highest drawdown that occurred was about 6% (which is only virtual). So don't take it from me, but try it. Keep in mind that the only downside is with a 5% return and the monthly costs of 75EUR you have to have a capital of around $5,000 to start with to be able to make good returns and let it compound up.
TLDR: copied someones trades in the Forex market using automatisation software. Paid 75EUR a month and made 16% in 9 weeks without doing anything.
submitted by hizzydizzy- to passive_income [link] [comments]

ForexVPS.net Introduction VPS free 3 day 2019 Silverstar Live Review - Legit Forex Trading or Huge Scam? TOP forex scam brokers 2020 with proof VPS monitoring with mail - By SiLE Cyber MUST SEE THIS Super Secret SCAM Forex Trading Software Called The Hamilton Eaconomy Forex SCAM

I cannot access VPS via RDC I have submitted 3 critical support tickets without any response I have rung the company and was invited to leave a message by their system - thye have not responded I have had to have all live trades cancelled by my Forex provider and also have the account suspended Forex is one of the world’s most volatile markets, and it is impossible to easily game or predict currency rates owing to its floating nature. Due to these impossibilities, headaches, on top of our greed for extra side income, we easily fall prey to the sweet promises of some Forex brokers who claim over thousand folds of profits within the shortest time frame. What is a Forex VPS?. A Forex VPS is a virtual private server (VPS) that can run the MetaTrader trading platform 24/7 and other programs you need running all of the time. It is just like running MetaTrader on your computer but instead it is hosted and running on VPS. When you login to a VPS using your username and password it is the same as if you were login into a computer. Vérifiez cheap-forex-vps.com site est une arnaque ou un site Web sécurisé. cheap-forex-vps.com détecter si elle est une arnaque, frauduleuse ou est infectés par des malwares, le phishing, la fraude et l'activité de spam si vous avez Controleer myforexvps.com website is een scam of een beveiligde website. myforexvps.com detecteren als het een scam, frauduleuze of is geïnfecteerd met malware, phishing, fraude en spam activiteit als je Customer service was prompt, patient, and very understanding. They provided a refund immediately, without any fuss. While I wish my computer was able to take advantage of what they had to offer, I didn't want to pass up a chance to provide some insight in case anyone is on the fence...its so hard to find reputable and reliable Forex related companies and platforms, so I appreciated this ... Some companies charge you a one-time setup fee when you purchase a Forex VPS. Setup fee usually averages within 10% of the total cost of the Forex VPS. 3. Contract. Before you buy a Forex VPS hosting from ANY hosting provider, find out if they are offering contract-based services. You can easily find this information in pricing tables. Apart from Forex.com, Gain Capital Group is operating the brands City Index, GTX, Gain Capital, FinSpreads, and others. The largest broker in the US. Not only that Forex.com is regulated in the United States, but it is actually the largest forex broker in the country. Hyper Bot VPS EA ist eine vollautomatische Handelssoftware, die behauptet, Ihren Handel auf die nächste Stufe zu heben. Der Entwickler ist zuversichtlich, dass er den profitabelsten Forex-Handelsroboter anbietet, das stabilste VPS für 24/7 Handel, und schnelle professionelle Teamunterstützung. Sie wollen, dass Händler glauben, dass dieser Bot ist … Hyper Bot VPS EA Review Read More » Cheap Forex VPS - regarding pricing, the name pretty much says it all. However, what the name doesn't say is that the product and the support service is absolutely first class. I highly recommend Cheap Forex VPS to anyone seeking a quality, moderately priced VPS.

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