Pre Sold Commodity Contracts

[WLKW27A]

I was hoping someone could point out the 'Cons' of trading Pre Sold Contracts. They appear TGTBT. Is this a scam? Thanks in advancce.

 

[anley]

I've never heard of them so chances are they're a scam, legal or illegal.

Remember, you're not going to be an expert in them, but the sellers are which means they've pretty much got carte blanche to sell them to you at any price and you won't really know if that's good or bad, ie overpaying.

Summary - Don't buy things unless you really know what you're doing......

 

[LiveTradingZone]

What would be the reason you would do that instead of just trading commodities on a regulated exchange?

 

[anley]

What would be the reason you would do that instead of just trading commodities on a regulated exchange?

Chances are the company's marketing tempts perspective clients into thinking they can make big, and easy money.

But, who's on the other side of their (customer) trades............

 

[WLKW27A]

I found this:

http://www.scam.com/showthread.php?t=128165

 

[anley]

What did I tell you, scam. But then plenty think it's possible to earn 10%-12% a month - they then wonder why it all went so wrong......