Local (Domestic) Forex Broker Marketing Patterns

For us forex traders who are familiar with the ins and outs of forex trading at foreign brokers, of course, sometimes we are amused by the marketing practices of local (domestic) forex brokers.

I myself have experienced a funny incident when the forex marketing broker in the country tried to teach me about the potential profits of forex trading.


One of the things they emphasize most often is SURE PROFIT, which of course is impossible in the forex world. Profit in forex is not made overnight.

It takes a lot of learning and analysis for every forex chart movement.


Chat with local forex marketing brokers in the country

Anyway, it turns out that a similar thing was told by a trader who is also a staff at one of the FBS foreign brokers. I just quoted directly from Mr. August's medson account below:


Say hello every day: "good morning"

Every day send proof of his client's transactions who are profitable

Every day he asks to meet


I salute this marketing struggle, even though I have never answered a chat from him, but he still never gives up on doing the same thing.


If only I didn't understand trading, maybe I could be interested in joining the deposit at his broker.


But maybe he also sent a lot of screenshots of his trading that was profitable and some joined because of ignorance.


If we have eaten salt and water in the trading world, we certainly understand that trading is not as easy as the profit screenshots that he sent.


If I want to have fun, I want to ask dja:


"May I ask for an investor password for an account that you have managed for more than 1 year?"


I'm not sure if he wants to give it to me, because judging from the lot size he just doesn't pay attention to good money management, if money management is not paid attention there will be two possibilities: Big Profit or Big Loss.


Usually if the client experiences a large enough loss then what marketing will do is:


1. Requesting top up funds to hold positions with various far-fetched explanations


2. If the client doesn't want to top up and causes his account to be exposed to MC and even Stop Out, marketing like this will speak wisely


"Sir... every business or business must have its risks, so this loss is part of the business"


Right?


It sounds wise, yes, but why not explain clearly at the beginning of this risk and what are the best steps to avoid this worst risk.


Is it possible that if it is illuminated at the beginning, many potential customers are not interested, right?


The point is that as marketing, you should be honest and provide good education at the beginning so that there are no problems in the future if the worst risk occurs.


Reward and Risk is a straight line


If the reward is big then the risk will be big


If the reward is small, the risk will be small

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