Matthew Dream chaser
3 min readJun 2, 2024

How I almost lost all my savings

https://one.exnesstrack.net/a/j76hdozymc

I'll never forget the day I almost lost my savings to a forex scammer. I was eager to invest in the market, but lacked the expertise to trade myself.

I stare at my screen, my eyes fixed on the dwindling balance in my trading account. Over 60% of my deposit, gone. Vanished. The feeling of failure is suffocating me. I've been trading for months, but one wrong move after another has led me to this moment.

Fear grips my heart as I think about the possibility of losing everything. I thought I've always been the one in control, the one who knew the markets inside out. But now, I feel like a novice, unsure of my next move.

My mind races with thoughts of "what ifs". What if I lose the rest of my money? What if I can't recover?

As I sat there, feeling defeated and desperate, I began browsing through Facebook to take my mind off things. That's when I received a message from someone unfamiliar. He started by promising to manage my funds and when he learned about my situation he then promised to help me recover my losses. I was tempted, but something didn't feel right. My initial thought was, "Oh great, now I'm about to be rescued from my losses!"

But then I paused, remembering the seven strategies to outsmart forex scammers that I had learned in the previous month. I thought to myself, "Wait a minute, this could be just another scammer trying to take advantage of my vulnerability."

So, I decided to take a step back and apply the seven strategies:

- ๐—ฉ๐—ฒ๐—ฟ๐—ถ๐—ณ๐˜† ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ต๐—ถ๐˜€๐˜๐—ผ๐—ฟ๐˜† - I asked for the trader's verifiable trading history, but they seemed evasive.
๐—–๐—ต๐—ฒ๐—ฐ๐—ธ ๐—ณ๐—ผ๐—ฟ ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป - I couldn't find any evidence of regulation or registration.

๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฎ๐—ป๐—ฑ ๐—ฑ๐˜‚๐—ฒ ๐—ฑ๐—ถ๐—น๐—ถ๐—ด๐—ฒ๐—ป๐—ฐ๐—ฒ - A quick Google search revealed several red flags and warnings about this "trader".
๐—•๐—ฒ ๐—ฐ๐—ฎ๐˜‚๐˜๐—ถ๐—ผ๐˜‚๐˜€ ๐—ผ๐—ณ ๐˜‚๐—ป๐—ฟ๐—ฒ๐—ฎ๐—น๐—ถ๐˜€๐˜๐—ถ๐—ฐ ๐—ฝ๐—ฟ๐—ผ๐—บ๐—ถ๐˜€๐—ฒ๐˜€ - The promises of guaranteed returns and quick profits seemed too good to be true.

Infact, he was promising me 500% returnย inย days. Imagine having a $5,000 capital, he was saying he could turn that to $25,000 in less than a week and still give you 80% of the profits. Who does that? Ridiculous!

๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐˜๐—ฒ๐—ฟ๐—บ๐˜€ - I realized I didn't fully understand the terms of the investment.

๐—ž๐—ฒ๐—ฒ๐—ฝ ๐—ฐ๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น ๐—ผ๐—ณ ๐—บ๐˜† ๐—ณ๐˜‚๐—ป๐—ฑ๐˜€ - I was hesitant to hand over control of my funds to someone I didn't trust.

๐— ๐—ผ๐—ป๐—ถ๐˜๐—ผ๐—ฟ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐—ฟ๐—น๐˜† - I knew I needed to keep a close eye on my investments, if I decided to proceed.

As I applied these strategies, I realized that this "rescue" was likely just another scam. I politely declined the offer and instead, began to work on rebuilding my trading skills and knowledge. It was a hard lesson learned, but I'm grateful for the experience.
That's when I learned the importance of verifying trading history, checking for regulation, and being cautious of unrealistic promises. I also learned to keep control of my funds and monitor progress regularly.

Don't make the same mistake I almost did. Be smart, do your due diligence, and protect your hard-earned money.
Stay vigilant and always prioritize your financial safety.

๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐˜๐—ฎ๐—ธ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น ๐—ผ๐—ณ ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ท๐—ผ๐˜‚๐—ฟ๐—ป๐—ฒ๐˜†
๐—ข๐—ฝ๐—ฒ๐—ป ๐—ฎ ๐—น๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ท๐—ผ๐—ถ๐—ป ๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ผ๐—บ๐—บ๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ณ๐—ผ๐—ฟ ๐—ฑ๐—ฎ๐—ถ๐—น๐˜† ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜‚๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€
https://one.exnesstrack.net/a/j76hdozymc