PipStop

Since I've been active in a variety of different Facebook groups, I have noticed one unfortunate trend.

And I've got to qualify that by saying that I don't know how the trends are being embraced.

In trading the biggest responsibility I feel the industry fails at is the management of trader expectation.

As an example in the group "Best Forex Money Manager" a person named Naji Na (the spelling was changed after Nagi Na was somehow banned - as he would later explain) heads up a group of 1,119 under the headline: "Ask To see statement how $3 K get transformed into $15 k in 40 days!!!!!!!!" Naji explains that accounts he trades returns 30 - 50% a month. Nagi has been responsive in emails that I've sent, but it remains - no website, Internet email account, no license to trade anyone's money.

There's another faceless group named XCVB-Forex, that attempts to enthuse traders with "Forex and the millions, is not impossible! Earn more than +100% of your capital every month!" How it attempts to entice is with its signal service, which it expects you to pay for after a month - which isn't that clear. It's also unclear how much the service is, but that is beside the point.

Then there's Don Shaxon who has created a "It's Who You Know, Not What You Know" with the headline: "THIS IS FOR PEOPLE WHO WANT TO MAKE LOTS OF MONEY! ARE YOU HUNGRY? READ........" He tells his own compelling detailed story, and punctuates it with "Which means the more people you have on your team of friends, the more money EVERYONE makes!! It's how many people you contact with the information I provide to you, and how many listen!!! This is no joke!! Easy, and you'll make some real serious $$$$$!"

I've got my eye on these groups plus a whole lot more, and my message is the same that any sane, rational individual would tell you.

If it sounds too good to be true - it probably is. Ensure that there is always one person who is ultimately in charge of your own life - YOU.