Has FXLifestyle been reading my very own ethereal words? I can’t be sure but late on Thursday evening YouTube’s favorite FX ‘ejyukaytah’ uploaded a new video that suggested he might be.
As our more loyal readers will recall, last week Finance Magnates published a piece on FXLifeStyle, exposing his definitely-not-a-scam educational program and trading signals.
At the end of that piece, I wrote that though this huckster is tricking people, what he is doing may not be illegal. More importantly, I noted that by attaching a risk warning to his site FXLifeStyle may have – ‘scuse my French – covered his ass.
That brings us back to Thursday night’s video. Again, and as mentioned last week, if you haven’t watched this guy’s videos, do so immediately. Comedy of a higher order, you will struggle to find.
FXLifeStyle – Hiding behind a Risk Warning
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In his newest video – ‘5 Steps To Become A Millionaire Trading Forex!’ – FXLifeStyle gives us some top tips on how to become rich through FX trading. As with his other videos, this one features him bragging about staying in 5-star hotels and his ability to “spend thousands” on Gucci and Louis Vuitton.
The first of the five steps mentioned in the title is to sometimes “trade slow” and sometimes “trade fast.” Other genius tips include reading the news and, surprise surprise, buying FXLifeStyle’s trading signals.
After laughing my way through the video, something at the end caught my eye. A huge risk warning, on screen for a full ten seconds, says the following:
“We do NOT guarantee that you will make profit with our Forex signals, Binary options signals or our course.”
Funnily, this risk warning has not appeared in any of FXLifeStyle’s other videos. Is it a simple coincidence that it cropped up just a week after we had said that a risk warning might protect him when none of his signals make traders any money? I’ll leave you, dear reader, to decide.