Hither mann forex reviews

Spotting A Forex Scam.

The spot forex market is said to trade at over $1 trillion a day. Combine that with currency options and futures contracts, and the amounts could literally be another couple of trillion traded on any given day.

The old forex scam was founded based on computer manipulation of bid/ask spreads. The point spread between the bid and ask basically reflects the commission of a back and forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads widely differ among brokers. Brokers often do not offer the normal two - to three-point spread in the EUR/USD, for example, but spreads of seven pips or more. Factor four or more pips on every $1 million trade, and any potential gains resulting from a good investment are eaten away by commissions. This scam has quieted down over the last 10 years, but be careful of those offshore retail brokers who are not regulated by the CFTC, NFA or their nation of origin. These tendencies still exist and it's quite easy for firms to pack up and disappear with the money when confronted with actions. Many saw a jail cell for these computer manipulations. But the majority violators have historically been United States-based companies, not the offshore ones.

SEE: 5 Tips For Selecting A Forex Broker.

Signaling the Scam.

Scamming in Today's Market.

Other Factors to Consider.

SEE: Is Your Forex Broker A Scam?

Of the 193 cases filed with the NFA in 2008 for rules and law violations, 166 were settled within nine months, but only 23% received lost funds. Therefore, similar to the circumstances that present themselves in a Ponzi scheme, even when those who deliberately engage in forex scams are brought to justice, investor reimbursement is not guaranteed.

Legal, Moral, or just a Fraud?

I’ve been writing a lot lately about John’s Forex Wealth Dragons training. Myself, as well as dozens of other hopeful people were tricked by John’s promises and expensive dreams.

John Lee talked up a strong and convincing story. Telling us how he’d wake up in the morning and see hundreds of dollars on his Forex account. As I mentioned in a previous article, all of this was of course a scam. He only showed us the live trades that were showing profit, but never his trades where he had losses. But here, I want to talk about the legality of his proposal.

Promises, promises, promises..

John Lee has rolled through a few groups of Forex Wealth Dragons students, making different promises to each one. The first groups were promised, apart from the 3 day session, to get on-line video training. This of course never happened!

My group was promised to get $5,000 dollars on a live Forex account . But again, the word “Live” was suddenly changed to “Demo”. In fact, anyone can get the demo account for Free! And there were plenty of other promises.

What Hither Mann did for us?

Hither Mann promised us that she’d organize regular webinars to help us trade, but she never actually helped us trade! She never analyzed our trades! Her webinars were all her talking about how good life was for CITI traders, and if we trade consistently, we can work there. When students lost a lot of money in one strategy, she’d change it for another losing strategy.

After that, she asked us to document our trades. When she said this, I thought that she’d analyze them and give us feedback. I only found out later that the main reason of documenting our trades was that Hither wanted proof that we did not trade correctly, in case we went to court.

So, what did we get out of all this?

Three days of training, which was organized by the bank, so Hither Mann didn’t even pay a penny for it. We also got 10 hours of useless webinars. In total, about 40 hours of Hither’s time. How about what we paid? We had about 10 people in our group, each paying $12,000 dollars. This means it was $3,000 per hour! This was great income for Forex.

Is it legal?

Why am I writing about legality? I did not have all the money to pay at the beginning. I paid a large part of it, but when I realized that it was all a scam, I refused to pay the rest. And now John is saying that he is will be bringing his lawyers in! So it’s supposed to be legal if we all pay and John and Hither didn’t deliver what they promised?

Do we have the right to get our money back if we did not get what was promised? Since it’s very difficult to get all of the Forex Wealth Dragons students together from the groups (unfortunately, they aren’t willing to confront them), to make a mutual court appeal, the only way we can fight individually is to write these blogs…

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Hither Mann Review – Don’t Waste Your Money!

Hither Mann Review.

Hither Mann is a financial trading educator and CEO of Fortune Academy & the Only Way is Forex. She sells Forex training courses that teach the fundamentals of FX trading.

Hither Mann is a young attractive lady using her appearance and charisma to sell expensive trading courses to suckers. Hither claims she can help you become a profitable trader despite having no track record! In a video on her Youtube channel, she claims she once banked £9000 in two hours, trading Forex. Making ludicrous claims with zero proof to back it up. She will never show her trading history because she has none. The sad part is some gullible people will believe her lies and drop £5,000 on her courses. You would be better off flushing that money down the toilet, she get’s richer while everyone else gets poorer. According to an interview with realbusiness. co. uk, she has a net worth of £200 million, that can’t be accurate. £2-4 million would be more realistic.

The Forex industry is full of scam artists, just looking take your money. They teach basic strategies and use unethical sales techniques to force you to cough up your money. Hither Mann is no different (if that’s her real name). She has a lifestyle everyone dreams of, living in a mansion and driving exotic sports cars. All of this funded not through trading but selling over-priced products to naive people. Hither allegedly built a multi-million-pound property portfolio by the time she was 25. She made her fortune purchasing properties that were going through bankruptcy and repossessions, later selling them for a tidy profit. In 2009 she got started with financial trading. According to her website, she leveraged her property portfolio to learn how to trade from top traders in London. Sounds like bullshit to me! Maybe Anton Kreil gave her some lessons lol.

Fortune Academy, her educational business is booming right now. To attract new customers, she holds monthly seminars throughout London and the UK. These are mainly free to attend but charges extra if you want to sit in the front row. The sole purpose of these workshops is up-sell people to high-priced courses. Throughout the seminar, Hither will use several sales techniques without the crowd noticing. One prime example is creating a false sense of urgency to make people take action. If you don’t sign up now, you could miss out on a great deal. She also likes to tells stories and sell this dream of achieving financial freedom The prices range from £3000 to £5000 per course. All of these courses have fancy sounding names but will fail to meet your expectations.

For the low price of £4497 plus VAT, you can purchase all three of the products below.

Forex trading course that provides three days of training and a mentorship program to support students afterward. Teaches very basic techniques: Snapback, double up and rolling risk strategy along with position sizing. Simple Forex strategies that can be found on the internet for free. Lucky students also gain access to the Facebook mastermind group. Top performing students get to trade with capital from her hedge fund. Although I’ve found no record of her hedge fund even existing.

Property investment workshop where you can learn how she “accumulated” her massive net worth. Three training sessions with mentorship from Damian Slominski and Shane Watson, both former students. Don’t understand why people in the UK are so obsessed with property.

One-to-one coaching business where Hither regurgitates information she has learned from top self-help gurus. Her husband, George Butler, is a leader in peak performance, shares his wisdom on health and fitness.

Surprisingly I haven’t come across many negative reviews online apart from a post on Medium, an angry customer who paid nearly £12,000 for Forex training from when Hither Mann was apart of Wealth Dragons. If I wasted a couple of thousand on this crap, I would be fuming! Check out the video below, listening to her talk about trading is comical. During the video, she kindly recommends a fx broker to earn a big fat commission.

Its clear from listening to Hither speak, she understands very little about fx. The facts she sells programs for £5,000 is crazy; they’re not even worth £50. The Forex market needs regulation, it’s only a matter of time before someone reports her to the FCA. At least she isn’t teaching anything about Binary Options or cryptocurrency.

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