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Retail Brokers and "Trading Educators"

  • #1
  • First Post: Edited 12:45pm Jul 2, 2018 12:35pm | Edited 12:45pm
This is a eye opening truth about the industry.

within the first 10 mins he talks about fake traders and how they trick people to think that you can make profit from retail trading.

Its what got me ,years ago,forums and online traders boasting how many pips you can make. I fell for the trap. 99.9 of these are fake,and the agenda is to draw mugs for the brokers or ego boost or mental illness


For example we got a trader from Greece here,who claims to make 3 percent per day.His thread is a decade old and still posts. I found out he was fake.

Everyone here, believes in him. Its amazes me,how stupid people are.It shows the power of the herd and mind control. Very similar to politics.

Look at some of the legends on this forum who turned out to be fake. Like James16 and Jacko,and many more. The money is in brokers and education.


They have an agenda.

Very shady industry.

Inserted Video
  • #2
  • Jul 2, 2018 12:57pm Jul 2, 2018 12:57pm
Quoting goose4
This is a eye opening truth about the industry. within the first 10 mins he talks about fake traders and how they trick people to think that you can make profit from retail trading. Its what got me ,years ago,forums and online traders boasting how many pips you can make. I fell for the trap. 99.9 of these are fake,and the agenda is to draw mugs for the brokers or ego boost or mental illness For example we got a trader from Greece here,who claims to make 3 percent per day.His thread is a decade old and still posts. I found out he was fake. Everyone...
Hey goose4

That's how this sh*t works ... fake educators want your money, brokers want your money, banks want your money, big guys want your money, traders want your money, some fake traders want your money (like those you mention in the forum) and at the moment we have another one rising letīs call him HF, and even anton Kreil want your money ... it's a difficult business.

Stay safe
POW!
  • #3
  • Jul 2, 2018 3:15pm Jul 2, 2018 3:15pm
Inserted Video
  • #4
  • Jul 2, 2018 4:08pm Jul 2, 2018 4:08pm
I urge people to watch the whole video.
  • #5
  • Jul 2, 2018 4:11pm Jul 2, 2018 4:11pm
it's just buying then selling a stock or currency for some profit including some risk, the ones who normal traders make money with them don't give a shit, they buy to do business like a restaurant buy to do business from anyone they like his price! brokers just take commissions for their portal, and the invest banks too! and the price is always fluctuated because the investors not the traders are fighting for the best price all days, maybe i am wrong about some things and maybe i forget something, this is what i see anyway!

-so its a regular business
everything looks okay from the open door

so only one fact from the two theories about this game
1 its a hard regular game
2 its a bad boys game "it was always or it become their game don't matter"

we just need proofs

that's all
cheers

Everything that has a beginning, has an end...
  • #6
  • Jul 2, 2018 4:19pm Jul 2, 2018 4:19pm
Quoting goose4
I urge people to watch the whole video.
i watch it till the minute when anton Kreil start advertising
  • #7
  • Jul 2, 2018 4:46pm Jul 2, 2018 4:46pm
Quoting goose4
This is a eye opening truth about the industry. within the first 10 mins he talks about fake traders and how they trick people to think that you can make profit from retail trading. Its what got me ,years ago,forums and online traders boasting how many pips you can make. I fell for the trap. 99.9 of these are fake,and the agenda is to draw mugs for the brokers or ego boost or mental illness For example we got a trader from Greece here,who claims to make 3 percent per day.His thread is a decade old and still posts. I found out he was fake. Everyone...
I honestly believe most of them are just trying to put up this facade to make people believe they can earn quick money/ a fortune very easily. I actually do enjoy listening to anton kreil simply because his outlook on the trading industry. His style of trading isn't for everyone, but he does make some interesting points when he speaks. You absolutely can make profits from retail trading. But you have to be good at it. And you have to be all about money management.
  • #8
  • Jul 3, 2018 8:47am Jul 3, 2018 8:47am
I would not buy anything from him/them, but a lot of his free content is interesting. There is a certain amount of salesmanship also since he has to sell seminar stuff... right? That is what I noticed.

But I say the content is interesting and his perspective is often interesting - I'd just not buy anything. I think almost all educators are a scam because it just requires some really personal development to make progress in this trading stuff/high-level investment.
  • #9
  • Jul 5, 2018 1:32am Jul 5, 2018 1:32am
Quoting fxprimate
{quote} Hey goose4 That's how this sh*t works ... fake educators want your money, brokers want your money, banks want your money, big guys want your money, traders want your money, some fake traders want your money (like those you mention in the forum) and at the moment we have another one rising letīs call him HF, and even anton Kreil want your money ... it's a difficult business. Stay safe
This is why I have yet to see a legit trader with 3rd party audited track record for more than 3 years in this retail spot FX industry. There are NONE out here or anywhere else. I am glad more folks are coming out in the open and questioning the legitimacy of this scam-filled industry. With broker's sole business model to act as your country-party, you simply cannot win this game. They HAVE to win and we HAVE to lose and I am certain most are aware of this... and yet they are too addicted playing this game for years touting their profitable "performance" with 50+% drawdowns. Try joining a employer who will only pay a portion of your paycheck based on Company's bi-weekly performance LOL It is really a joke for anyone to even consider going fulltime in this industry just because it offers such low entry barrier with high leverage.
Staying in my lane...
  • #10
  • Jul 5, 2018 1:39am Jul 5, 2018 1:39am
Quoting llxx77dd
{quote} i watch it till the minute when anton Kreil start advertising
I have watched his videos. He is just another blood-sucking swine showing off his hotel rooms in tall-rise buildings and advertising his education and portfolio mgmt services. One common theme I have seen repeat across these "famous wizzards".... they all got lucky few times to propel their career and then leveraged on that initial success by doing the right thing... capitalize on this brief success to build long term wealth!
Staying in my lane...
  • #11
  • Jul 5, 2018 2:55am Jul 5, 2018 2:55am
Imho, they are all out to get your money; even the presenter.

Trade safe.

KP

Quoting goose4
This is a eye opening truth about the industry. within the first 10 mins he talks about fake traders and how they trick people to think that you can make profit from retail trading. Its what got me ,years ago,forums and online traders boasting how many pips you can make. I fell for the trap. 99.9 of these are fake,and the agenda is to draw mugs for the brokers or ego boost or mental illness For example we got a trader from Greece here,who claims to make 3 percent per day.His thread is a decade old and still posts. I found out he was fake. Everyone...
Do your homework, follow the footprints of smart money
  • #12
  • Jul 5, 2018 4:17am Jul 5, 2018 4:17am
Subs, Thanks and
Regards
  • #14
  • Jul 5, 2018 4:31pm Jul 5, 2018 4:31pm
Anton's video from the OP still has some great points. You don't have to take everything in a video or source as gospel. Or take it as if you trust or use one thing from him, then you have to deep dive into many 5k+ seminars of his and never say anything bad... You can get great info out of many sources without buying into all the BS.. the BS just wastes your time. And honestly a lot of sources seem to have "golden nuggets" in them based on my experience with other similar things.

EX from Anton, like this video. Has some good segments in it, but mixed in with a SHIZ TON of unnecessary lifestyle BS:
Inserted Video

*I've been to other seminars like this when I was able to go for FREE. Most people there just wanted the ego boost to say I'm sitting in the room with a real trader! Or I'm an actual trader! Haha, do you/we really want to pay 5k for that? Do we NEED to pay for that? I now and almost always figure no.

GOOD INFO though from him:
But the costs breakdowns he mentions are good. IE we always pay:
(Spread + Commission) + (financing turn: banks borrow at 1, lend margin to you at say 3%) + OTC gain (banks bet against bad retailers).

And how the reason why retailers wipe out is using insane amounts of leverage, which is true:
Most banks will not go above 10:1. And at worst they are 20:1. We regularly see retailers at 50:1+...

And how that makes you wipe out at any small stop loss runs or just noise and plain dumb luck, which is true. So the brokers allow you to LEVERAGE so that you will take on too big of a size, lose the largest spread and commission, and give them an OTC gain since they know 99% or whatever lose this way by getting margin-called out and therefore they automatically call in the rest of your money to them.

He mentions the "inversion narrative"- which means that educators and brokers are selling transact the biggest/most often/scalp nonsense so you lose your cash to them the quickest, which is true. And how the conflict of interest in how the Introducing Broker contracts (IB) makes it so that no educators will honestly be able to show you how to succeed.

He says you have to do something different to win which honestly seems true. But yeah, TUNE OUT the lifestyle BS. And his whole rant about people working for a living... yeah, well you have to amass the assets to be able to start that up and the only way you do is by working. Also, MANY small business owners fail or make well less than some/most higher-level employees so... yeah it can stink but. *It feels like he assumes that everyone comes out of corporate with the past comp of a I-Banker and can just launch their own company. Which is not true at all and there are probably a very small group in the whole world that would/could fit this.

The other thing that is dumb and he/the financial industry propagates is that only someone from a past background like his can succeed, so you should never look at a course of someone without HIGH LEVEL (Goldman, etc) credential. Yeah sure, maybe. But we are retailers trying to position/"prop trade", we are not at an institutional level and most likely will never be unless we later work for someone.

The verdict though is that he does not show anything/enough of the actual trading. Maybe you have to take his classes to see this? Stuff like that though sketches me out.. haha. I'm trying to watch some more of his videos to see if he shows/tracks his own successful trading. It appears as though he built a portfolio of other traders and just "manages their risk" for the brokers he led them to which is interesting and works for his stage of life, but not sure it applies to someone who is trying to learn the base/basics... right? But like I noted, I think there are still some gold parts in there and he does not hold a gun to your head to make you get any of them - I think you/we can tease some out by looking at "free content" out there...
  • #15
  • Jul 5, 2018 4:42pm Jul 5, 2018 4:42pm
There is no doubt the industry is scam-filled. However, it is possible to return a decent profit annually if one is prudent. By decent, I mean in the order of 250% ROI with careful use of leverage. Like most others, I have been through the mill of courses/educators/"study"/entries/exits/indicators etc and really only learned terminology and how to lose money quickly. I tossed most of it away about 7 years ago and hit a positive return soon after. The message in this thread about "Educators" is so true and should be heeded.
If there is ever any doubt then there is no doubt.
  • #16
  • Jul 5, 2018 4:49pm Jul 5, 2018 4:49pm
Quoting Kristo
There is no doubt the industry is scam-filled. However, it is possible to return a decent profit annually if one is prudent. By decent, I mean in the order of 250% ROI with careful use of leverage. Like most others, I have been through the mill of courses/educators/"study"/entries/exits/indicators etc and really only learned terminology and how to lose money quickly. I tossed most of it away about 7 years ago and hit a positive return soon after. The message in this thread about "Educators" is so true and should be heeded.
I fully agree with this and am now on the edge of success. I do 5:1 to 10:1 max leverage. It is just something I will do over time - just follow the overall trends and try to get some good prices in trend direction. Before I was forcing it too much. and yeah, that first video could help a lot if they would listen - about how they want you to large leverage and lose all your deposited $ fast in a lot of the broker's incentives (most brokers, not all).

EDIT: I contribute ~$100 per month (no matter what) and could contribute up to around 10k per year. But I'd like to prove out what I'm doing, then "ease up" into having more put into it - which is where I'm at now and getting closer so it is exciting.
  • #17
  • Jul 5, 2018 8:51pm Jul 5, 2018 8:51pm
If you are losing it is because of you and nothing else...Take a long look in the mirror...Unless you are using a broker that is literally taking all your money from your account and running then it's not the brokers fault you are losing. Most of them want you around to collect commissions because that is how they get paid...You are probably one of the idiots holding GBP/NZD overnight/the weekend and wondering why the broker keeps stealing your 20 pip stop...Once again i implore you to take a long look in the mirror then start realizing you don't know half as much about technical analysis/trading as you think you do and nowhere near enough to take on the best traders in the world with any hope of ever coming out on top

And BTW Anton is demonizing everyone else so you will buy his extremely overpriced basic trading techniques easily found for free on the internet
  • #18
  • Edited 10:35pm Jul 5, 2018 10:15pm | Edited 10:35pm
Quoting yanetjellen
If you are losing it is because of you and nothing else...Take a long look in the mirror...Unless you are using a broker that is literally taking all your money from your account and running then it's not the brokers fault you are losing. Most of them want you around to collect commissions because that is how they get paid...You are probably one of the idiots holding GBP/NZD overnight/the weekend and wondering why the broker keeps stealing your 20 pip stop...Once again i implore you to take a long look in the mirror then start realizing you don't...
Anton is legit and it is proven. You can research online and see that he did work as a professional trader at Goldman Sachs and other known financial institutions. His course is not overpriced. He is teaching retail traders how to trade and approach as professional institutional traders do. Meaning Fundamentals approach 80% and technical approach only 20%. He is legit and his course is legit. Once you take his course, it will take a trader 6 months to a year to become profitable, meaning you will be able to trade for a living and make money. If you just watch his youtube videos, you will see how much he makes sense and knows what he's talking about. You mention that you can find a lot of free stuff that he is teaching online. No you can't. His courses are build to teach you to trade like a professional trader. Controlling the risk, planning the trades ahead, building infrastructure, and holding a position buy/sell for a day or a week or a month, three months, one year and so on. Meaning what his academy is teaching not just short term or long term they teach you how to trade professionally no matter what time frame. I'm proud to say that i did take his course last year, and the things that his academy is teaching will totally change your mind about trading. From my experience because i have been trading for couple of years and i did win and lose money but eventually i did became profitable to live comfortably and make enough money. But after being thought from his academy, from my experience for me it did change my career as a forex trader and now i understand and make more income then ever. I am very happy that i found his academy. If someone takes his course and says it does not work, it's a scam and all the nonsense, it means that you did not pay attention and did not understand. If that is the case, watch and learn the course again and you will eventually get it. This academy the brokers that they have, the mentors and so on and other traders that are active it is just amazing. Before i took the course, i emailed them, they emailed me back and we set up a time to talk on skype. You can talk on the phone too. They go through with you and explain everything in details about what they teach. Just to make sure that it suits your needs. Also the good thing about this academy when you finish the course, you can take the exam i did and i did good on the exam but it is not easy. You don't have to take the exam. I did take the exam to see how much i learned. It was hard but i did good on the exam. You get a certificate and you can apply if you want to work for the bank or any financial institution as a forex/stock trader. I took the forex course because i trade forex. To further see if this is legit, i did apply to couple institutions for forex trading because i also build my portfolio and i did get few interviews. I never went to work for any because i do not want to do that. I enjoy working from my home, i trade my own capital. But the reason i did apply and mentioning that i took this forex course is because i want it to see if it is legit. It's very legit and Anton and the academy are very well known. Instead of assuming that they are not legit, try it yourself. See how it works if you want to. From my experience i am glad i took his forex course and have been thought a lot that i did not know. I am very comfortable now with trading and making good income, with a very skilled money management. They also have professional trading course and option trading course whatever you're interested in. He goes and gives seminars about the trading and macro global trading, at colleges and universities. They would not let him do that if he was not legit. You also mentioned and calling traders "idiots" to hold GBP/NZD over night. Why? If a trader wants to hold overnight trade on a certain trading asset im sure they have a reason. They did the analysis spread their sl/tp and wait for it. You also sound like a beginner trader. Traders like you think there is some sort of limit or rule not to hold trade or don't do this or that no that is a wrong approach. When trading professionally and you want to take a trade buy/sell, that means you are sure you did your fundamentals and technical analysis and you are ready to trade. One thing all of the traders need to keep in mind is this:

Professional traders: Realistic expectations and profit targets, analysis of the market a month ahead or more, get wealthy/rich slowly, expectations/profit targets met, trades forever or until retired.

Retail traders: Unreal expectations and profit targets, get poor quickly, expectations/profit targets not met blows up the trading account. Majority of retail traders will lose their deposited trading money within 3 months.

Trade safe everyone.
  • #19
  • Jul 5, 2018 10:57pm Jul 5, 2018 10:57pm
Quoting Techanalyst
{quote} Anton is legit and it is proven. You can research online and see that he did work as a professional trader at Goldman Sachs and other known financial institutions. His course is not overpriced. He is teaching retail traders how to trade and approach as professional institutional traders do. Meaning Fundamentals approach 80% and technical approach only 20%. He is legit and his course is legit. Once you take his course, it will take a trader 6 months to a year to become profitable, meaning you will be able to trade for a living and make money....

I know who Anton is and i've seen his material it's basic stuff about fundamental analysis etc all can be found on the internet and common sense for far less than 8k or whatever nonsense he charges...Also trading like an institutional trader as a retail trader with small account is not always advisable...

And i said idiots who hold an extremely volatile pair during rollover when spreads go to astronomical levels and then blaming the broker for stop hunting...learn some reading comprehension and please next time use paragraphs no one wants to try to read that wall of text
  • #20
  • Jul 5, 2018 11:08pm Jul 5, 2018 11:08pm
Quoting yanetjellen
{quote} I know who Anton is and i've seen his material it's basic stuff about fundamental analysis etc all can be found on the internet and common sense for far less than 8k or whatever nonsense he charges...Also trading like an institutional trader as a retail trader with small account is not always advisable... And i said idiots who hold an extremely volatile pair during rollover when spreads go to astronomical levels and then blaming the broker for stop hunting...learn some reading comprehension and please next time use paragraphs no one wants...
Everything was written clear. No you are wrong. He does not teach basic stuff and it cannot be found on the internet. It is not 8k for the course. You should go and see his website for yourself. Don't talk nonsense. You need at least $15,000 minimum to start trading at least forex full time. You can hold any position at any time it just depends how far you place your stop loss and what is the risk management. I do know how to write and read. You don't have to read it, i said what i know and that is that. You don't want to read a wall, don't reply.
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