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Scammers - Hall of Shame

  • #3,621
  • Dec 14, 2017 9:53am Dec 14, 2017 9:53am
Quoting zamfir
Well, firstly James is not authorized to teach any trading methods to newbies. He is not qualified in any way. He has not worked for any hedge fund or any fund for that matter. He has a website and a commercial thread. He asks for subscription money and when in return someone asks for his history of trades being profitable, he cries.So far he has not provided a single piece of evidence that his mentoring or his trading methods/style works. Now this has been going on for far to long and he must be exposed. you can see his thread in the commercial...
Ok , but James16's last post dates back to Feb 16, 2016 ...is not it a bit late to intervene ?
https://www.forexfactory.com/showthr...63#post8757963
  • #3,622
  • Dec 14, 2017 9:58am Dec 14, 2017 9:58am
Quoting redoktober
{quote} Ok , but James16's last post dates back to Feb 16, 2016 ...is not it a bit late to intervene ? https://www.forexfactory.com/showthr...63#post8757963
He doesn't post and he has outsourced that job to his marketing team.

His thread is still alive in the commercial section and so is his website.

It is time for FF and the traders community here to acknowledge that he is scammer and shut down his thread.
  • #3,623
  • Dec 14, 2017 10:13am Dec 14, 2017 10:13am
Quoting zamfir
Well, firstly James is not authorized to teach any trading methods to newbies. He is not qualified in any way. He has not worked for any hedge fund or any fund for that matter. He has a website and a commercial thread. He asks for subscription money and when in return someone asks for his history of trades being profitable, he cries.So far he has not provided a single piece of evidence that his mentoring or his trading methods/style works. Now this has been going on for far to long and he must be exposed. you can see his thread in the commercial...
I got your point of view but bold text is wrong for validate one trader. This is like stupid Google tests. They finally reckon didnt get better employers doing it. Many good traders learn their self... The rest I agree with you
Try don't lose pants never...
  • #3,624
  • Dec 14, 2017 10:23am Dec 14, 2017 10:23am
Quoting zamfir
{quote} He doesn't post and he has outsourced that job to his marketing team. His thread is still alive in the commercial section and so is his website. It is time for FF and the traders community here to acknowledge that he is scammer and shut down his thread.
To prevent me reading 141,376 posts , can you tell some names of FF members of his marketing team ?
  • #3,625
  • Dec 14, 2017 10:24am Dec 14, 2017 10:24am
Quoting braintheboss
{quote} I got your point of view but bold text is wrong for validate one trader. This is like stupid Google tests. They finally reckon didnt get better employers doing it. Many good traders learn their self... The rest I agree with you
My point was simply to say, in what way is he qualified to teach trading?.

I agree not every hedge fund manager or anyone who has worked for a fund is a benchmark test.

But what i find astonishing is how any tom dick and harry comes in FF,opens a thread and claims he can teach trading without giving any evidence he has a profitable trading record or any professional qualification/experience to teach trading.

Yes, many may learn to trade themselves , but that doesn't give them any right to teach people and ask for money in return.

FF must try to protect newbies by being more stringent on the commercial section.
  • #3,626
  • Dec 14, 2017 10:28am Dec 14, 2017 10:28am
Quoting redoktober
{quote} To prevent me reading 141,376 posts , can you tell some names of FF members of his marketing team ?
I wish i could , but they keep changing names.

For one, There was a person named Mike and he was working for James16 group. Not sure if he is there now, I dont see his posts.

So the question is who is running that thread?.

They are very smart in their marketing.

edit : sorry for not being more helpful.
  • #3,627
  • Dec 14, 2017 10:51am Dec 14, 2017 10:51am
James16 is not credible :

https://www.forexfactory.com/showthread.php?t=254552
  • #3,628
  • Dec 14, 2017 10:54am Dec 14, 2017 10:54am
" 7 reason James is a SCAMMER :

1) James have a same common like any other swindles: no bank’s statement , no tax audit …. Although he said he’s a profitable trader (how profit? Who knows?)
All you guys hear from these scammers is promise , promise and promise.

2) James16 alike Jacko : both have a lot of loyal fans in FF , both are partner of FF, both are honorable trader in FF in many years ….. and yes both have no bank’s statements.

3) If you see in his website , click to the “TESTIMONIALS” you will see he spent a lot of time, read thousands of comment on FF, filter all the good comment in there and make it like a “HALL OF FAME” ;
Now see closer to these Testimonials, you will see most of them from the one that is also worshipers of Jackos that 1 year ago anyone who dare to say bad about him , they will jump in and insult to death , don’t trust me ? check this out http://www.forexfactory.com/showthread.php?t=172030
So can you trust them? The one that give all their reputations to verify James is also do the same with Jacko 1 years ago ….. They was so wrong one time, how could we trust them this time ???????? They are helping scammers spread lies , no credibility to these guys.

4) Posting bank’s statement takes him 10 minutes, Many website could help him like myfxbook.com , you cannot cheat , that site help him hide account name … and all the sensitive things . So he had no reason to deny it unless he is a loser. Can you believe it he spent numerous of weeks, months to build his testimony ( you know to build it he must read all the thread with like hundred of thousands post ) but have no 10 minutes to post his evidence.

5) Yes I am waiting for any of Jame’s worshipers post their banks’ statement in 2 years trading with 70 percent winning . Can they do it? or all they can say is James is a good teacher, he changed their life but they cannot transfer a thing they learn from him to make money.

6) James trade 10 years profitable then his account must worth millions dollars but he still try hard to promote (testimonial) his thread to appeal more ones subscribe for some little money(compare to his multi-millions dollar account) ….

Well maybe he has a good heart and doing charity but only with the one who could afford money to pay him, yeah he is doing charity with the rich….

Some of James’ followers stay up and say that money is paid by the one who really wants to learn….then what? Not everyone on this forum come from the rich country, many one is living in the third world (where they could only make 2 dollars a day) and because they have no money that’s mean they do not want to learn????

7) After hearing all these reasons above and James still quiet, still have nothing stay, unable to counter even one reason….what I could say? This one must share the room with Jacko in jail.

Final verdict: GUILTY "

by Onlydragon
  • #3,629
  • Edited 3:40pm Dec 14, 2017 2:43pm | Edited 3:40pm
Quoting zamfir
{quote} I wish i could , but they keep changing names. For one, There was a person named Mike and he was working for James16 group. Not sure if he is there now, I dont see his posts. So the question is who is running that thread?. They are very smart in their marketing. edit : sorry for not being more helpful.
Mike (mbqb11) is no longer with J16. He was the only one keeping J16 alive. I forget where he is but if you google Mike Bozello you will find him. After he left, the thread has been in decline and also the private site. In addition some other advanced members including Kevin who was the options guru there has left. I have also heard that traders trying to sign up for the private forum are not able to gain access and that there is very little activity on the private website.

For the record I am a previous J16 lifetime member who challenged James (Jim) and had private email communications with him. You would have to go back a couple of years to find my posts where I was finally ignored by James and thus unable to post on the James 16 thread. I challenged him or anyone else to demonstrate any modicum of profit. Even Mike himself viewed as the guru of the J16 thread and the website by many admitted himself that he did not trade for living (although in at least one of his early videos He says this). He said that he engages in some sort of IT consultation where he makes his living.

i was refunded 100% of my lifetime membership fee even though I didn't ask for it. I give James credit for this. As for the ability of this method to generate profits it is unproven by ANYONE in the J16 family or any of the J16 members.

If you look at Jim's early charts at the beginning of the thread he presents many cherry picked charts with convincing examples but in practice it is a different story.
  • #3,630
  • Dec 14, 2017 2:52pm Dec 14, 2017 2:52pm
Here you go.

Attached Image (click to enlarge)
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  • #3,631
  • Edited 3:21pm Dec 14, 2017 3:09pm | Edited 3:21pm
I don't know what the criteria is on this thread for being a scammer. But I would suggest a priority for being a scammer would be:

If a fee based website is unable or refuses to submit some sort of record of profit by the purveyor of the website by at least two of it's members claiming to use the method then it is likely to be a scam website.

I would add another scammer. "Read the Market" run by Ifmyante. Another fee-based website. Ifmyante also runs an academy with exorbitant tuition. No graduates of the academy or anyone associated with the site can demonstrate a record of profit including Ifmyante who publicly acknowledges he hates trading. Ifmyante and some of his ilk occasionally post cherry picked charts showing profitable trades.

I was banned from the website a few years ago in relation to my challenges.

I will retract this statement and publicly apologize if at least two members of the RTM website can demonstrate a verifiable record of profit exceeding the return on investment of the S&P 500 over the last 5 years.
  • #3,632
  • Dec 14, 2017 3:15pm Dec 14, 2017 3:15pm
Here is an admitted statement from IF himself:

"I'm not in the least offended, as you make good points.

I can either trade or teach trading. One I hate to do, the other I love. One is all take take take, the other more synergistic.

"My students do trade, however, so I invite every one to share your trading results, good or bad.
If you post them here, please add your RTM username. If you'd rather do it anonymously, send them to me, and I promise to display them all, with no names.

This is not an invitation to trolls who feel put out at not being invited to RTM for free to air their grievances. It's simply a call for subscribed RTM members to show how they're doing.
I'm just as curious as everybody else

There's an important note I must add though: I'll be running RTM Academy differently from now on, and no student has been exposed to that yet.
I'm teaching not just how the market works, but how to work out how the market works. The assignments will ask more of the students than I've ever asked before. Sure, lessons will be explicit, but students will only get to progress once they've shown they've tested and proved all concepts and worked out their statistical success rates.
Essentially, I'll be teaching what I know, but also how to learn what I know.
So, it will be some time before anybody can review the new Academy. Add to that the fact that every Academy student I've ever had would rather I teach nobody else after them, and the wait might be all the longer!"
  • #3,633
  • Dec 14, 2017 4:03pm Dec 14, 2017 4:03pm
Hee hee!
Winston Reed is up again!

He was taught the best possible methods of trading, for free, and still remains an abysmal failure, so is now trolling FF, waiting to pounce on any RTMer who hasn't yet ignored him.
This is the guy who tried to bring J16 breakout trading into the school which takes J16 stops.
Enough said, or I'll end up playing chess against a pigeon.....
  • #3,634
  • Dec 14, 2017 5:21pm Dec 14, 2017 5:21pm
Quoting Ifmyante
Hee hee! Winston Reed is up again! He was taught the best possible methods of trading, for free, and still remains an abysmal failure, so is now trolling FF, waiting to pounce on any RTMer who hasn't yet ignored him. This is the guy who tried to bring J16 breakout trading into the school which takes J16 stops. Enough said, or I'll end up playing chess against a pigeon.....
Best possible unproven method touted by a self admitted fearful trader unable and unwilling to demonstrate a track record of profit himself or by any of his financially broken students having paid an enormous sum for nothing.

I trade freely and ask nothing from anyone interested in my trading. Therefore I owe no one anything. I work for a living and scam no one in my profession as a nurse practitioner. I am compensated well for services rendered. The outcomes of my services are readily identifiable and well documented. Trading is a hobby for me and not a means of making a living. For me trading is not unlike going to a casino and playing the tables. I make no claims of profit unlike you falsely do. You IF have no documentation of your trading outcomes and neither do any of your students. You claim to have a fund that you say will be availble for public view and this is yet to be revealed. You make a living off the hopeful ignorance of others who manage to scrape together enough funds to pay enormous sums for an unproven method that you have essentially pirated from Redsword 11. You are a scammer of the most sort. You have the charisma to recruit ignorant wanna be’s and use your global blue earth BS to help you. Most of us know who you are and are not fooled. You will pay for what you have done. I wish you were in the US and subject to our laws.
  • #3,635
  • Dec 14, 2017 5:31pm Dec 14, 2017 5:31pm
Quoting Ifmyante
Hee hee! Winston Reed is up again! He was taught the best possible methods of trading, for free, and still remains an abysmal failure, so is now trolling FF, waiting to pounce on any RTMer who hasn't yet ignored him. This is the guy who tried to bring J16 breakout trading into the school which takes J16 stops. Enough said, or I'll end up playing chess against a pigeon.....
By the way IF you personally said you would allow me to continue posting my trades at RTM and that you would be following. It was only after you saw my success that you closed down my thread and had your minions ban me for a technicality. Yes I once traded J16 in my own way and no longer do. I was willing to continue and perhaps I would have seen the errors of my intentions but seeing how I was doing so well you ran away. It’s so easy to just ban someone and exempt yourself from any acciuntability. You IF are not ignored by me. I will confront you here or anywhere. And to be completely civil I would do so in a polite and civil manner. But the challenges would be real and start first with proving yourself.
  • #3,636
  • Dec 14, 2017 5:43pm Dec 14, 2017 5:43pm
Oh Winston. Winston Winston Winston.
As you know, I've proven my trading record a number of times while I was a trader, so stop lying.
You know very well that the only thing I pirated from Red is compression, yet advanced the science of it myself, and that everything else I do is based on my own study, so I ask you again to stop lying.
As for unproven, I've just posted the curve one of my newer students provided this evening from two weeks trading
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-14_23-05-27.png Size: 64 KB

So please blow your "unproven" out your arse.

You showed absolutely no success with your rubbish breakout system. I mean, what type of idiot trades breakouts just because they happen?! My students trade against those idiots all the time, and take their stops. Your borrowed idea was rubbish and dangerous, and the fact that you're still clinging to it shows what a numbskull you really are!

Of course I'm not ignored by you. I'm extremely special to you, as your trolling has shown.
You however, are nothing whatsoever to me, and you have nothing of any value to add to this World, which already has enough idiotic trolls.
I've wasted more than enough time on you over the years, so I'll now unsubscribe, and let you rant to yourself
  • #3,637
  • Dec 14, 2017 5:56pm Dec 14, 2017 5:56pm
I make no claims of profit. You do. Show your record and I will apologize and say no more. You display a demo and we all know it. Come on let’s see a live account from you or an academy grad with perhaps 1 year of results outpacing the S&P 500. But go ahead and unsubscribe (run away like the coward you are). For your info I dont trade J16 anymore and haven’t for years. Yet I did on your website and demonstrated a profit. You ran away from your committment to follow at that time. Pull up the posts and see for yourself. I wish I had saved them because I would do so myself.
  • #3,638
  • Dec 14, 2017 6:23pm Dec 14, 2017 6:23pm


Gunsmoke!
  • #3,639
  • Dec 14, 2017 6:57pm Dec 14, 2017 6:57pm
Okay Winston Reed. I have to admit that it wasn't just your stupid trading methods which offended me. You were also showing all the signs of being an horrid little man, and I wanted rid of you.
I'm away now. You carry on being the champion of all trolls everywhere
  • #3,640
  • Dec 14, 2017 8:03pm Dec 14, 2017 8:03pm
This made my day, and of course I just had to return the favor.
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Truth is like poetry. And most people f*cking hate poetry.
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