Iβm late to this but of course the internet outrage mob got this situation completely wrong. The woman saw a truck following behind her slowly. She panicked about the truck before she ever saw who was inside it. Later that night she came back and apologized for the mistake. That should have been the end of it. No harm, no foul, nobody was hurt. An innocent mistake. Instead this guy decides to put the footage online and shame her in front of the world. And unsurprisingly a bunch of slobbering idiots on social media ran with it uncritically and proceed to tear this womanβs life apart. Good job, everyone. Some of you will just never learn.
Bro u do alot of analysis on others but did u ever explain why u publicly shamed 3 step plans and then introduced one yourself? π people need to look in the mirror i cant lie
A lot of people ask me about the @trueforexfunds situation and if they can get out of it and start working again.
So here is my statement:
TrueForexFunds has been in the game for a relatively long time, and during that time it has been able to overcome many hurdles. TFF was one of the first companies in the game, so it has seen times of plenty and really high margins.
Now everything is different. Competition is huge and margins have come down. This of course has hit TFF and unfortunately it has gotten to the point where they are having major problems with liquidity and paying their traders.
But even so, I don't think TFF should go bankrupt and shut down its operations. Unless the owners have spent all the money they have made, TFF should have sufficient cash reserves to weather these difficult times.
It's going to hurt, it's not going to be pleasant, but I think it's in its power to make it through.
But it won't be without change. And those changes must come now. They can't make it more expensive, their accounts are already too expensive for most traders.
I would recommend a slight consistency rule, minimum profitable days and also a payout cap per cycle for at least a limited time.
Of course traders won't like such changes, but if they want to get their money and their accounts, TFF needs to make these changes. If nothing changes, they will go out of business.
All firms need to change, not just TFF. If they don't, they go out of business. And traders should understand that. Many firms are already at the edge of viability, not making money or even losing money.
Now they are waiting and hoping that someone else will make the large-scale changes first, and that they will just ride the wave.
But so far, nothing is happening. And if this keeps up, companies will go bankrupt and people will lose their accounts and their money.
And traders in particular need to understand that. If they are stubborn and refuse to make any changes, firms will not change and we will continue to see rugpulls and crashes.
P.S. This is no defense of TFF, just my view and belief that their situation is not so bad that they have to close.
Their CEO @RichardNagy_TFF 's ride around Dubai may be unfortunate, but it doesn't change the fact that I believe TFF will be back. They may be different, but they will be back.
And I want them to come back. There are better companies out there, but TFF is definitely not one of the worst either.