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Forex Mentors - The Best Investment You Can Make?

  • #201
  • Aug 14, 2009 9:51pm Aug 14, 2009 9:51pm
Quoting blueace
BUT you can have a head start with a mentor. I speak from experience. Unfortunately my experience is sans a mentor. Starting off in the Forex world without a mentor means that your education will be considerably more costly than those with a mentor.
Sure, as long as it's the right mentor and not just someone selling a bland training course. Asking for a trial or preview enables the buyer to make sure the seller actually knows what he's doing!

Interestingly most genuine mentors rarely ask for any money up front, they usually want to assess the students aptitude and capability first.
  • #202
  • Aug 14, 2009 10:08pm Aug 14, 2009 10:08pm
Quoting pipmutt
I'm just suggesting ways to help prevent being ripped off by unscrupulous vendors.
Very Altruistic of you.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #203
  • Aug 14, 2009 10:12pm Aug 14, 2009 10:12pm
Quoting LasVahGoose
Very Altruistic of you.
I thought so too, I surprise myself sometimes
  • #204
  • Aug 14, 2009 10:18pm Aug 14, 2009 10:18pm
Quoting pipmutt
I thought so too, I surprise myself sometimes
Well, you've made your point clearly on this thread, so maybe it's time for you to move on. I don't think you can add any more value to the thread than what you have already contributed.

Go trade your 1 minutes scalping method using random entry and exit with creative money management.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #205
  • Edited Aug 15, 2009 12:02am Aug 14, 2009 11:37pm | Edited Aug 15, 2009 12:02am
Quoting pipmutt
Ask for a trial or a preview in real time before you pay anything, don't rely on past performance claims, genuine sellers will never object.

At the end of the day it's your money and it's up to you how you spend it, I'm just suggesting ways to help prevent being ripped off by unscrupulous vendors.
We can see Wayne's real time trading from the DailyFX thread for a full six months. http://www.forexfactory.com/showpost...4&postcount=85
And no-one can say that he is not profitable because we can see all his real live trading right back to the start of his mentoring of the first group and his results are top shelf stuff. No one can say he is not a profitable trader, because we all know the reality. We see his profitable trades and do the same trades ourselves every day.

If you are inferring that Wayne is in any way an unscrupulous vendor, then I can tell you that you are completely out of order and completely wrong. I am one of his members and the value of his teaching and extra profits I have got out of it completely exceeds what I expected.
You sound like a little kid who is jealous of his standing and reputation on here.
  • #206
  • Aug 15, 2009 12:23am Aug 15, 2009 12:23am
Quoting pipmutt
Sure, as long as it's the right mentor and not just someone selling a bland training course. Asking for a trial or preview enables the buyer to make sure the seller actually knows what he's doing!

Interestingly most genuine mentors rarely ask for any money up front, they usually want to assess the students aptitude and capability first.

That's a great point. Speaking from a position of some experience (not claiming the world by any means) I know it's very tough to teach someone who doesn't have the fire to actually go and learn on their own. My mentors were all the forums I could find. And it literally took years to define what Forex is to me. I doubt I would have swallowed someone's pitch if I had not done all the footwork myself.

But that is truly the catch...who do you choose as a mentor???

I agree with you the best don't charge a penny.
  • #207
  • Aug 15, 2009 3:22am Aug 15, 2009 3:22am
Hi,

talking in general terms you are correct - there is a huge amount of BS out there. On a more specific level....I really don't think the people running FF would have allowed Jacko (or Jim of J16 for that matter) to become a preferred partner if they weren't certain he wasn't 100% legit. Do you?

EDIT: I'm still trying to understand how you formed your opinion (and a strong one at that) about Jacko....from my understanding you have never even corresponded with him...opinions are legit of course...but when one expresses them in public it wouold be nice to have an idea on what they are based - all the more so when their bias is negative - wouldn't you agree?


Quoting pipmutt
Seeing as fxtrader29 is touting for Jacko at every opportunity he gets....

Anyone considering paying $700 in advance for this training course should read the first page of his thread before parting with a cent, you should be able to spot the obvious errors and misleading information. Also take note of the time frame he trades, his stop loss, and his recommended level of trading equity, they might not be suitable for you.

Be aware there are very few real-time trades posted on that thread, in fact [b]all fxtrader29's claimed results are posted...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #208
  • Aug 15, 2009 3:27am Aug 15, 2009 3:27am
Quoting coscorp
Hi,

talking in general terms you are correct - there is a huge amount of BS out there. On a more specific level....I really don't think the people running FF would have allowed Jacko (or Jim of J16 for that matter) to become a preferred partner if they weren't certain he wasn't 100% legit. Do you?
Now watch him attack J16 and FF.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #209
  • Aug 15, 2009 3:28am Aug 15, 2009 3:28am
Quoting pipmutt
Seeing as fxtrader29 is touting for Jacko at every opportunity he gets....
Pipmutt, FXT was answering a direct question from me regarding the benefit he gets from his mentor, so i don't class his response as 'touting'.

I have no interest in paying anyone anything, but that is my personal view. If FXT is benefitting from a mentor, more power to him.

Dan
  • #210
  • Aug 15, 2009 3:31am Aug 15, 2009 3:31am
Quoting LasVahGoose
Now watch him attack J16 and FF.

Now THAT would be interesting to watch....where's my popcorn?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #211
  • Aug 15, 2009 4:11am Aug 15, 2009 4:11am
Quoting blueace
That's a great point. Speaking from a position of some experience (not claiming the world by any means) I know it's very tough to teach someone who doesn't have the fire to actually go and learn on their own. My mentors were all the forums I could find. And it literally took years to define what Forex is to me. I doubt I would have swallowed someone's pitch if I had not done all the footwork myself.

But that is truly the catch...who do you choose as a mentor???

I agree with you the best don't charge a penny.
Exactly, and for a novice it must be even harder to separate the good from the not so good, they all sound so plausible!

I think anyone whose been in this business a while knows how easy it is to fall for a sales pitch when the buyer doesn't really know what he's looking at, that's why I think genuine sellers who have confidence in their product will be only too happy to demonstrate it's value before they ask for any money.
  • #212
  • Aug 15, 2009 4:14am Aug 15, 2009 4:14am
Quoting coscorp
Hi,

talking in general terms you are correct - there is a huge amount of BS out there. On a more specific level....I really don't think the people running FF would have allowed Jacko (or Jim of J16 for that matter) to become a preferred partner if they weren't certain he wasn't 100% legit. Do you?

EDIT: I'm still trying to understand how you formed your opinion (and a strong one at that) about Jacko....from my understanding you have never even corresponded with him...opinions are legit of course...but when one expresses them in public...
I'm not saying anyone on this site is not legit or running a scam, obviously these people are delivering something for the money, I'm just questioning it's value and the vendors level of trading experience and teaching expertise.

'In the land of the blind the one-eyed man is king' probably sums it up.

My opinions are based on reading the first page of his thread, first impressions if you like.

I realize some of these vendors have a near cult status on these forums so I expected the rally of support, I just thought it would have been more educated and based on reason and logic, maybe I shouldn't be surprised.
  • #213
  • Aug 15, 2009 4:17am Aug 15, 2009 4:17am
Quoting AstonDan
Pipmutt, FXT was answering a direct question from me regarding the benefit he gets from his mentor, so i don't class his response as 'touting'.

I have no interest in paying anyone anything, but that is my personal view. If FXT is benefitting from a mentor, more power to him.

Dan
Dan, nearly every one of his posts is promotional in one way or another.

What's the weather like in Brum
  • #214
  • Aug 15, 2009 4:27am Aug 15, 2009 4:27am
Quoting pipmutt
Dan, nearly every one of his posts is promotional in one way or another.

What's the weather like in Brum
I know Pip, but i did ask him a question to which he answered. Like i said, i've no interest in paying anyone for anything.

I've no idea what the weather is in Brum, i'm in Yorkshire (the Aston in my username is the good kind kind of Aston, as in Martin...one day!)

Edit: No offence to any Brummies on the board.
  • #215
  • Aug 15, 2009 4:54am Aug 15, 2009 4:54am
Quoting AstonDan
I've no idea what the weather is in Brum, i'm in Yorkshire (the Aston in my username is the good kind kind of Aston, as in Martin...one day!)
Oh lol, I was only a couple of hundred miles out, nothing for a DB9

My other post wasn't directed at you specifically by the way, it was more general advice so no offence intended.
  • #216
  • Edited 5:39am Aug 15, 2009 5:16am | Edited 5:39am
Quoting pipmutt
I'm not saying anyone on this site is not legit or running a scam
What you said about Jacko. You said it all 'indirectly' of course. I'm sure you'll also accuse me of 'taking it all out of context'. Whatever, people and go back and look at the posts.

You'll also say how you weren't talking about Jacko specifically, but vendors in general, which is not true. Your little indirect association tactic doesn't fly here.

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There are a lot of sharks in this business so make sure you're going to get what you pay for
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I realize jacko is a pied piper here on FF
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No sorry, I was referring to fxtrader29's trades, unless he and Wayne are the same person?
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I agree. I think anyone who teaches people on a mass scale is simply making a commercial venture out of it, they want to get as many subscribers as possible regardless of their suitability, aptitude, or potential for success. They are probably well aware that only a very small percentage of their customers are going to make it in this business yet they take on all-comers because it generates an income for them, it's their business.
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From a moral standpoint is it ethical to sell a product knowing that in all probability the majority of people buying it will not benefit in the long term, in fact they're quite likely to lose money. Unfortunately in business moral considerations rarely feature when it comes to selling something, especially in this business.
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Taking money off trader hopefuls who probably have less than a 2% chance of making it in this business but will probably end up losing money, and training them en masse, isn't what I would call ethically sound.
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But there are mentors and then there are people who put together a few half-baked ideas about the market, chuck a strategy together to trade it, tell everyone how successful they are and how much money they trade, package it all up and punt it to unsuspecting gullible newbs who don't know any different!
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a snake oil seller just out to take their money.
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Don't confuse a mentor with some half-baked training system someone is selling
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Anyone considering paying $700 in advance for this training course should read the first page of his thread before parting with a cent, you should be able to spot the obvious errors and misleading information.
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not just someone selling a bland training course
EDIT:
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I realize some of these vendors have a near cult status on these forums so I expected the rally of support, I just thought it would have been more educated and based on reason and logic, maybe I shouldn't be surprised.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #217
  • Aug 15, 2009 5:16am Aug 15, 2009 5:16am
Quoting pipmutt
My other post wasn't directed at you specifically by the way, it was more general advice so no offence intended.
Non taken
  • #218
  • Aug 15, 2009 5:23am Aug 15, 2009 5:23am
Quoting LasVahGoose
Whatever, people and go back and look at the posts.
Yes you're right, they can

I stand by all those comments (like you say they obviously need to be taken in context), are there any you object to specifically which you would like to discuss?
  • #219
  • Aug 15, 2009 5:33am Aug 15, 2009 5:33am
Quoting pipmutt
I'm not saying anyone on this site is not legit or running a scam, obviously these people are delivering something for the money, I'm just questioning it's value and the vendors level of trading experience and teaching expertise.

'In the land of the blind the one-eyed man is king' probably sums it up.
fair enough - criticism can be healthy - however from my direct experience you're barking up the wrong tree regarding Jacko (and J16)
Quoting pipmutt
My opinions are based on reading the first page of his thread, first impressions if you like.
One page is all you need...? a bit thin IMHO..but if that rocks your boat...if nothing else it helps others evaluate with better discernment where such opinions are coming from - which I think is only fair - both to the reader and the individual object of such an opinion. It also puts many more questions in my mind about the vouching system here on FF...

Quoting pipmutt
I realize some of these vendors have a near cult status on these forums so I expected the rally of support, I just thought it would have been more educated and based on reason and logic, maybe I shouldn't be surprised.
Support usually come to those who deserve it - I think nobody can dispute that.

Reason and logic...I've lost you there. If something is written prior to a certain occurence...and that occurrence then takes place time and again - I really can't see what other empirical evidence one would require (read Jacko's thread on FX) - for obvious reasons (they should be at least) members' of the private blog maintain confidentiality.

In the end - I really do not care if Jacko trades 200+ lots or not - though I have NO reason not to believe him (on the contrary) - what I want, and get, are the insights from someone who is more experienced than myself.

I don't even follow his trades (I like to walk on my own) - but I certainly place close attention to what he writes regarding general market sentiment/analysis, his views on trading, and the reasons he believes the market is going to go one way or another because to me he has proven time and again he knows what he is talking about.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #220
  • Aug 15, 2009 6:03am Aug 15, 2009 6:03am
Quoting pipmutt
Yes you're right, they can
I've been going through all your posts, I have yet to find any post where you have been supportive of anyone here at Forex Factory. This is a community of traders and people that aspire to be traders. There are many great people here and all you can think to do is bring everyone down.

You like to pretend you are delivering the reality of trading to the newbies, but what you are really doing is telling people how they'll never make it, to quit, and forget about trading because they don't have what it takes or never will have what it takes.

You bash and smash every system here saying how they are all worthless or you'll be lucky to make money using them.

Not one post where you are supportive of anyone, just post after post of Venom, Bile, and Hate.

I'll say a prayer for you because you need help. Good luck in your life.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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