Trading Guru Admits Never Making Money From Forex, Luxury Lifestyle and Results Were Fake

Under the social media spotlight, Daniel Savage was once regarded as a "Forex trading myth" by many: driving Lamborghini, hosting endless mansion parties, and seemingly possessing the secret to infinite withdrawals from the market. However, this self-proclaimed "trading guru" recently released a shocking apology video, confessing everything—he had never made millions trading, and his entire luxurious lifestyle was a meticulously woven lie, serving only one purpose: to harvest funds from followers desperate for wealth.

From Car Washer to the Mask of "Gatsby"

In the Forex trading community, the "fake guru" is an open secret, but few have ever torn down their own facade quite like Daniel Savage. Savage was a major figure in this circle, often associating with other influential traders like Mamba FX and Lambo Raul, flaunting wealth beyond the reach of ordinary people. But recently, his "180-degree turn" confession has exposed the absurd reality behind the dazzling stage.

Savage's revelation was direct and brutal. He admitted that he never earned millions in profit from the trading market and had never even traded an account holding "hundreds of thousands of dollars." The dizzying profit screenshots that captivated his followers were nothing more than digital games, fabricated using technical means.

Even more ironically, he deconstructed his own luxurious image. The Ferraris and Bugattis he used to show off on Instagram were not bought with trading profits, nor were they even rented. Savage disclosed that before gaining fame, he worked at a car wash, and these luxury vehicles actually belonged to his clients. He exploited this convenience to package others' wealth as his own success, thereby constructing the perfect "trading guru" persona. He even explicitly called out the "100 to 1 million" challenges promoted by certain influencers, flatly stating, "Nobody has truly done it, nobody," because even he relied on fake results to appear like the best trader.

Not Trading: What Really Funded the Wealth?

If these so-called "gurus" weren't making money from trading, where did their lavish funds come from? Savage exposed a complete gray industry chain.

The real source of income for these trading influencers was not market speculation but the "secondary harvest" of their fans. They attracted novices eager for quick wealth through ostentatious displays, then sold worthless courses and signal services at high prices. But this was not all. Savage pointed out that more insidious income came from broker kickbacks and commissions from prop trading firms. By directing fans to open accounts on specific platforms or join challenges, the gurus profited regardless of whether their fans won or lost.

Savage even explicitly accused his former "friend," Lambo Raul, of betraying him for money, and suggested that the "Miami boys," "Atlanta boys," and "Dubai boys" influencers were all essentially part of this fraudulent ecosystem. As he described it: "This industry is a poison; it's all about the money."

BrokersView Warning: Do Not Trust What You See

Daniel Savage's confession reconfirms BrokersView's long-standing view: on social media, the majority of "gurus" who flaunt luxury cars and promise instant wealth are simply marketing fraudsters wearing the mask of a trader.

For traders, this is more than just gossip; it is a severe wake-up call. The next time you see someone online showing off cars, promising unrealistic shortcuts to wealth, or selling a supposed "guaranteed winning signal," remember Savage's words—in most cases, it is a lie. Genuine trading requires professionalism and patience, not sports cars and parties. Whether Savage's apology is sincere depends entirely on whether he truly refunds his victims' hard-earned money. Until then, you must guard your wallet and refuse to pay for someone else's fabricated life.