Articles & Questions
Every week I publish a fun new article on a money topic I think you’ll find interesting. I also answer a handful of reader questions. Subscribers to my newsletter get to see everything first — but you can browse some of my past articles & questions on this page.
My Best Articles
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ProfitiX MetaTrader 5
Scott, How safe is ProfitiX MetaTrader 5? My husband has recently signed up for this trading site at a cost of $300.
Scott,
How safe is ProfitiX MetaTrader 5? My husband has recently signed up for this trading site at a cost of $300. I am nervous about the site as the reviews are not that great. He gets calls every other day from a lady from ProfitiX, who always signs off by saying things like, “Why not put in $2000, or $10,000?” My husband, who is convinced it’s legitimate, even lets ProfitiX log in remotely to his computer (via TeamViewer). OMG!
Jennifer
Hi Jennifer,
I totally love the name. It sounds like one of my son’s Transformers: “ProfitiX MetaTrader 5, BLAST OFF!”
You can almost feel the testosterone dripping out of it, right?
Now this will get me in trouble (send complaints to scott@barefootinvestor.com), yet in my experience women tend to have a much better BS radar than men.
And, Jennifer, your radar is working well: this is a currency trading platform.
Having your husband trade complex, highly leveraged instruments like this would be like me giving my six-year-old the keys to the car and telling him to stick it in “D” and give it a fang.
And the fact that your husband allows strangers to log into his computer tells me he’s not a highly analytical trader.
You need to protect him from himself: please take the Transformer from the sandpit.
Scott