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Analyzing youtube forex millionaire trading

  • #21
  • Sep 20, 2022 8:40am Sep 20, 2022 8:40am
Quoting clay.fxp
{quote} Do you have proof of his scam?

yes i do have

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  • #22
  • Edited 4:28am Nov 18, 2022 12:55am | Edited 4:28am
Here is a quick update.

So he is making a 5k account challenge and shows his trades history. If you don't want to read the first long post, then let's analyze this short period of trading from 26.09.2022 till 11.11.2022.

Long story short. This is a great example of how blind people are. During these 6 weeks he only losing money during the live streams. He took 26 trades and only 4 were in profit. In comments some people saying that they are following trades during the live stream and make money. And so grateful. It looks like these people living in some castle in the wonderland with unicorns.

A quick analysis

PnL

Total profit from September 26, 2022 to November 11, 2022 before commissions - 10 676.21 usd.
Commissions - 392.21 usd
Net profit - 10 284.00 usd

Now let's see what happens during the live streams

Total profit - -527.49 usd
Commissions - 84.07 usd
Net profit - -611.56 usd.

So, he is still losing money during live streams.

It's pretty funny to look at the trade history report.

When he doesn't show his trades live:
Total 45 trades taken
51 winning trades (89.5%)
6 losing trades (10.5%)
11 203.70 usd profit
Commissions - 307.79 usd

During the live streams:
Total 26 trades taken
4 winning trades (15.4%)
22 losing trades (84.6%)
Total profit - -527.49 usd
Commissions - 84.07 usd
Net loss 611.56 usd

It would be very funny if it wasn't so sad. Sad for the people who are wasting their time and money.

Look at this post H13 wrote, so you have a better understanding on what is going on. There are 2 videos.
https://www.forexfactory.com/thread/...-media-traders
  • #23
  • Feb 3, 2023 6:16pm Feb 3, 2023 6:16pm
Given your interest and analytical skills, plus the fact that you are in the UK, I suggest watching The Market Structure Trader on YouTube.

He has plenty of FREE education and trades LIVE every day, using Prop firm accounts; it's all quite transparent.

Yes, he does code and sell indicators, but they are not required to follow the method and he doesn't do any hard selling.

In fact, I think the ability to code really helps with his understanding of price action.

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #24
  • Mar 1, 2023 1:26am Mar 1, 2023 1:26am
Quoting BlaBlaFx
Here is a quick update. So he is making a 5k account challenge and shows his trades history. If you don't want to read the first long post, then let's analyze this short period of trading from 26.09.2022 till 11.11.2022. Long story short. This is a great example of how blind people are. During these 6 weeks he only losing money during the live streams. He took 26 trades and only 4 were in profit. In comments some people saying that they are following trades during the live stream and make money. And so grateful. It looks like these people living...
Hello there. I know the dude is a scammer. But your number on his offline trades doesn't add up. Wins 52 and loses 6 total trades 45?
  • #25
  • Mar 3, 2023 3:38am Mar 3, 2023 3:38am
Quoting wowcowowcow
{quote} Hello there. I know the dude is a scammer. But your number on his offline trades doesn't add up. Wins 52 and loses 6 total trades 45?
Yes, my bad. Thank you. Total 57 trades were taken. 51 winning trades (89.5%). 6 losing trades (10.5%).
  • #26
  • Apr 13, 2023 1:02pm Apr 13, 2023 1:02pm
As someone from within his group (have proof if anyone wants to call me out on it) he isn't how he makes himself out to be, 90% of his profitable trades are off stream, of the trades he wins on stream (very few and far between) he takes profit at 10 pips, whereas his off-stream trades he "lets them run" for 40-50 pips at a time.

When questioned about it he kicks you from the zoom chat.
  • #27
  • Apr 17, 2023 3:16am Apr 17, 2023 3:16am
Quoting Xauusdscalpr
As someone from within his group (have proof if anyone wants to call me out on it) he isn't how he makes himself out to be, 90% of his profitable trades are off stream, of the trades he wins on stream (very few and far between) he takes profit at 10 pips, whereas his off-stream trades he "lets them run" for 40-50 pips at a time. When questioned about it he kicks you from the zoom chat.
The main reason of these streams is to sell you the course.
"Look, I'm succsesfull person making millions trading. I'm sitting here several hours a day streaming only for you guys, everything is free, give me some respect and bla bla bla..."
And people trust him for some reason. Look at the chat during these streams, people saying how good he is, what a great man, he looks nice and legit. Of course he looks like a good person, it's his job to look like a good person. You bought the course? He is not interested in you anymore. He already has your money, why would he waste his time on you? That's how the scam works.
  • #28
  • Apr 28, 2023 3:28am Apr 28, 2023 3:28am
Quoting BlaBlaFx
Hello everyone. I decided to write this post due to the fact that quite often on the forums people ask for an advice about trading education. I noticed that people regularly recommend YouTube channels. Including wicksdontlie, now called Raja Banks. Opinions on this channel differ. Some write that there are a lot of useful information there and a big advantage is that he shows the history of his trades. Others say that he is a scammer and the history of his trades does not mean anything, because he owns a broker on which he trades. The channel has...
Im not surprised.
Even a guy like Larry Pesavento...
Wrote books...
Is old...
And so on.
I looked at his advice on video.
And he did not, as far as i can tell, even show when he entered and when he exited.
He just talked at length.
So whats the use?
Its seems to be a matter of stroking the old ego, ones own and others.

Im not saying he is a faker or scammer, im just saying i dont see the use in the the so called "advice".
My signature is: "Classified".
  • #29
  • Last Post: Sep 9, 2023 1:39am Sep 9, 2023 1:39am
I don't care if he fakes his trades or he has his own broker etc, I have his Market fluidity and SRC both courses I didn't pay for I got them from somewhere else (cracked version) I completed both of his courses and honestly his strategy and all the things he teaches in the course is working for me literally everything. i am even backtesting this strategy and I have a good winning.
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