![]() You can also glean supposed insights from the Harmonic Scanner, another iMarketsLive tool that the company says “automatically draws and labels different harmonic patterns in the FOREX market” and which Terry describes in the interview as a “learn and earn experience.”īut even the self-proclaimed “best trading education on the market” isn’t enough to protect customers from losing all their money, the company admits. That’s it.” (Gomez informed that FX Signals Live is “no longer in existence.”)īut if you do want to learn (to the extent that learning is possible with the forex trading tools that iMarketsLive offers), you can watch Terry make trades in the Live Trading Room - where he claims in the Dooly interview he once performed for an audience of more than 4,000 people - and copy his moves. It is this program that iMarketsLive says allows a user’s trades to mirror those the company traders are making whether they’re “sleeping, partying, working, or all three.” “Let’s just say Troy Dooly doesn’t want to learn,” Terry says. But forex allows people to come in at a very, very low price, low barrier to entry and then they could learn.īut learning is not a requirement, Terry says later in the interview when discussing FX Signals Live. You could start a forex account for fifty bucks, where on these other markets it’s a thousand, two thousand, five thousand. ![]() With iMarketsLive our primary focus is on forex and I’ll tell you why: forex gives the individuals who don’t have a lot of money a low barrier to enter. In an interview with MLM blogger Troy Dooly in 2016, Terry explained why he chose to put forex at the center of his MLM, which he and CFO Isis De La Torre founded in 2013 : Here are a few more issues a investigation dug up: Gomez said the company is amending the language.) Distributors, however, still must pay their “monthly subscription” to qualify for bonuses and commissions. (Editor’s Note: In response to an inquiry by, iMarketsLive Chief Operating Officer Frank Gomez said while this used to be the policy, it isn’t anymore, even though took the language straight from iMarketsLive’s Policies & Procedures. ![]() By using leverage to trade forex, you risk losing all of your initial capital and may lose even more money than the amount of your initial capital.Īnd if you think that you’ll just market the “opportunity” to others and not use the products yourself, iMarketsLive requires distributors to use “the products and services of the Company on a regular basis” in order to receive any bonuses or commissions. Leverage magnifies minor fluctuations in currency markets in order to increase potential gains and losses. Leverage entails using a relatively small amount of capital to buy currency worth many times the value of that capital. It is common in most forex trading strategies to employ leverage. That’s because while iMarketsLive markets itself as a way for novice traders to “design lifestyle” while generating residual income in their sleep, the truth is forex trading is a notoriously risky endeavor. Terry, who boasts of making tens of millions of dollars in trading, got his start in multilevel marketing in the early 90s with Amway, where in lieu of actual earnings he says he cultivated a “mindset of wealth.” Should you decide to get involved with iMarketsLive, you may find yourself similarly lacking in financial success. All you need, the company says, are the trading tools that iMarketsLive provides.Īt the helm of iMarketsLive is its co-founder and CEO Christopher Terry. ![]() In fact, you don’t even need to be awake. You don’t need to be Jordan Belfort, the “Wolf of Wall Street,” to make Wall Street level money, according to iMarketsLive, a foreign exchange or forex trading with offices in New York and London. Editor’s Note: Updates have been posted at the end of this article. ![]()
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