Robot, Robot , Shoot to Kill!
One has to be circumspect when coming across ads or unsolicited emails as they have a way of worming into our desktops.
In May this year, Ray Barros gave his rant on marketing hypes that bombard us intermittently. In his blog, Ray has this to say - ”I thought I have seen it all? @
http://tradingsuccess.com/blog/barrometrics-views-i-thought-i-had-seen-it-all-977.html
Just a few days ago, I received an unsolicited post in my inbox, and the text intrigues me:
‘new Forex robot that will make working it around your day job a complete breeze….’
To my disbelief, when I read more, it beats what I thought I too have seen it all.
As I cannot testify as to whether the product touted works or not, I shall confine myself more to the manner in which the product was advertised, which to me is very misleading in the absence of proof of backtesting of product over a reasonable period of time.
This is the bane of advertisers with blatant hypes about their products, especially in trading products, which could easily mislead the naïve newbie traders looking for a Holy Grail.
What raise my suspicion are the following texts , not exactly the original (as my intention is to show more the advertising manner rather than the product per se).
1. Bullies Forex with revolutionary new robot
2. That shoots $60,000
3. In just 3 trades
4. Limited edition of 500 robots
5. No brainer with this ‘revolver’
6. 100% guarantee
Any trader worth his salt knows that trading is not really easy to predict, let alone to guarantee a 5 figure profit with just three trades, and with a small capital base .
The questions that throb in my mind are these:
1.If the robotic system is so accurate, why is it limited to selling only 500 and at a special steal of $57. The advertisement further states that within a week, it will go up to $297.
2.Affiliates who help to sell these limited edition products are given 60% commission on these sales. What would the seller make then on just 500 robots? Much less , after all expenditures, than the affiliates! Does not make any good business sense to me.
3.The caveat here to me is, if the 500 products were in fact sold within a short period of time, the company could just quickly close shop, and there would be no recourse to recover the so-called guarantee. We do come across fly-by-night companies.
The ad resounds with a crescendo: : Go grab it quickly while you still can at the launch price.
MY CONCLUSION: All this does not add up for me to take up their offer. They are shooting to kill, all right!
My advice to all is to take with a grain of salt when a product is touted to be too good to be true! Ask : “Where is the credence of it all?”
Ana aka Idkit
Ag Moderator
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