Psychological Tricks That Give Out scam: TrendsTurbo Forex broker analysts tips

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Experts from the British TrendsTurbo.com broker tell how the scammers "process" their victims: as told by analysts of TrendsTurbo scam begins with phone manipulation.

The transfer of many financial transactions online has its consequences: scammers adapt to any conditions and find loopholes to turn their dastardly schemes. And the financial services industry on the Internet remains very vulnerable - as we can see from the news reports, cyber police regularly encounter scams and scams online. The most simple people become victims: that is, it is not necessary to have millions for the villains to hunt you. Losing even two hundred dollars feels like fraud and misjustice, and the cases when a fraudster was caught is less than 30% of all - TrendsTurbo here mentiones European statistics.

TrendsTurbo Forex broker is one of the brokers that opened the platform for traders two years ago. At the same time, the general experience of the company's top managers is more than 10 years, and the TrendsTurbo brand appeared, when the team united to develop its trading platform.

Since today all stock markets are open to clients of TrendsTurbo, scam and its threats have become very relevant for the company's experts who conduct their research and keep statistics.

Why should TrendsTurbo.com scam experts study the fraud in the market?

The broker offers investment portfolios, and the price for the most affordable of them is only $ 250. In other words, there are many small investors among the clients of this company. As a rule, these are beginners. There are many novice traders among them. They are, according to the company's estimates, more often than others become victims of various scams. Firstly, because the stock exchanges have long remained a kind of "movie plot" for the CIS residents, because investors expect too much, and they know too little about the realities of the market. This is used by scammers.

Secondly, the villains, in turn, are actively interested in markets where there are many inexperienced players. For example, it is very common to use phone fraud when a client is persuaded to buy the account of a non-existent software service. Of course, such investments are then impossible to track down and return, and the "company account" is often the personal account of some rogue.

How do scammers manage to deceive traders so easily - people who value their savings? For this, according to TrendsTurbo.com scam avoiding experts, the fraudster resorts to psychological manipulation.

Psychological traps and scam: TrendsTurbo scam check

Each case of deception is “individual” - because the fraudster is looking for the client's weak points, trying to talk him about personal topics (about family, work, professional activity, interests). And along the way to find out the level of the victim's experience, ability to navigate the realities of the market, etc. According to the calculations of cyber police officers, it takes a fraudster from 7 to 23 minutes to “persuade” a victim to buy something from him. The numbers are, of course, frightening. More often than others, villains are believed by people under 28 and over 44 years old. Why is that? Obviously, young people easily believe in fairy tales about some market miracles and digital all-mighty algorithms, while inexperienced older traders are too tired to delve into the nuances of trading. But in general, one cannot succeed without training, because everyone should build their strategy separately, even a broker in this case is just an advisor, a consultant. Nobody takes and does not “invest your money successfully”, there are no magic software solutions or scripts: all such promises are lies. There is also a violation of the law - in any agreement with an honest broker, it is written that the company gives recommendations and is not responsible for the actions of the client who makes the main decisions about their money.

The most common methods of psychological pressure that work to ensure that a trader sends money to a fake service:

-      Inflated profits - the seller promises that the client will receive unrealistic benefits with its soft. At the same time, there is not a word that trading is not only about profits but also about risks and losses.

-      Incorrect examples - the seller cites as an example yesterday's growth in the shares of a certain large company and assures that his clients invested in these shares because of his software and received a lot of money. At the same time, there is no question of the fact that the shares of the same company were sagging in price earlier - after all, this is a common thing for the market.

-      False expectations - the seller calculates profit in advance, for a month or even a year, while taking as an example some hypothetical growth in the shares of a particular company. If we take into account that stocks rise and fall in price, sometimes significantly, and that a trader needs to know a lot to find a company that will actually rise, and that no software can predict market movements, then there will not be such an income.

-      The conversation is about a "technological company" with a "world name" and “well-known software products” - but the so-called company does not even have its own website, or it does not indicate ways to contact it.

-      Upfront installments are the easiest way to knock money off a client when they are persuaded to make an advance, for example, because "right now, the shares of Scam LTD are going up, and only ScamSoft can predict how long the trend will go on this way, so you can play on reverse." The client believes, gives money, and the seller disappears.

Pressure is a more sophisticated but common method of manipulation when moral pressure is exerted on the client. There are many varieties of it, but the most popular method is to put pressure on the feeling of an elusive opportunity. They can also put pressure on conscience, pity, greed, and even on the feeling of victim of circumstances.

Recipes for success are not always that complicated, and sometimes scammers do not even need some strong idea of a software - very often would-be traders believe in the existence of certain strategies for success that can be purchased for money and applied. Scammers sell the most common strategies in this way (which any legitimate broker-manager will teach any newcomer), but they take the payment in advance. It turns out that the client buys a pig in a poke, he has a strategy, but there is no entry to the exchange. There is nowhere to trade, and the strategy will not work yet - because it needs to be built differently every time, focusing on trends. So actually there are no happy recipes.

Conclusions:

In order not to become a victim of fraud, you need to be wise when choosing a broker and learn a lot. Only with reliable broker like TrendsTurbo.com you’ll be able to trade safely.

 

 

 

 

 

 

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