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  • #881
  • Nov 24, 2009 8:50am Nov 24, 2009 8:50am
Quoting pipmutt
LOL, capitalx are you planning on copying and pasting the whole thread?

Unreal, this has definitely gone from the sublime to the ridiculous!

Enough already, seeing as there's no chance of a reasonable discussion I'm out of here unless there's anything new, there's plenty of good advice from experienced pros in this thread to be getting on with.....
You shoulda done that days ago when DT gave up. We both know you have better things to do.
  • #882
  • Nov 24, 2009 9:11am Nov 24, 2009 9:11am
Quoting PeterFM
You shoulda done that days ago when DT gave up. We both know you have better things to do.
Hey Peter, how's it going.

Yep you're right, if I'd known then what I know now!

By the way I've got a couple of avi's you might be interested in, I'll give you a buzz on S.
  • #883
  • Nov 24, 2009 9:45am Nov 24, 2009 9:45am
Quoting pipmutt
Hey Peter, how's it going.

Yep you're right, if I'd known then what I know now!

By the way I've got a couple of avi's you might be interested in, I'll give you a buzz on S.
Look forward to it. I'm good and my little trial of you know what is providing me some insights as to how I'll cope in the future.

All of a sudden, account preservation becomes a huge part of the calculation.
  • #884
  • Nov 25, 2009 3:00am Nov 25, 2009 3:00am
Quoting capitalx
I could keep going through this message board and ask the same question of many more posters. If I went to the Jackos House of Pleasure and Pain, I could probably find a lot more. But the question needs to be answered

Why would all these person lie about a mentoring course?
Why would they all lie about being satisfied with the training they are getting ?
I think they are telling the truth.

Hi All,

I'm a rare poster on these boards as have too little free time. I'm also a member of Jacko's group and wanted to offer an opinion.

Over the years I've set up 4 companies and spent a considerable amount on "expert" advice, training and so on. Some good, some bad. I've been trading forex for a while and making a reasonable amount from it for the past year.

To my mind the expense of belonging to Jacko's group is no different to any of the other business expenses I've incurred over the years. It's relatively inexpensive ($700 I think) which is about the same as I've paid "experts" for two days work in the past. For that I get a year of his training. Excellent value if you ask me, just wish I could hire people to train my staff as cheaply!

Chris
  • #885
  • Nov 27, 2009 8:40pm Nov 27, 2009 8:40pm
Quoting zarraman
If satisfied customers who are happy with the service he provides and the value he gives are being called his marketing dept, then I must be in it too.
If you can't afford to join his group, or you don't want to, or if you have doubts, then don't join.
No one held a gun to my head to join. I am in the industry. I was impressed by his thread at Dailyfx, I was impressed by his thread here on forexfactory. I was impressed by his professionalism in all my emails to him. I was impressed by his previous results. I am impressed...
Kongrats to you for the most sane post on this thread. We are all expected to be big boys when we come to a forum such as this.
  • #886
  • Nov 27, 2009 8:43pm Nov 27, 2009 8:43pm
Quoting cyberfx
I have read this thread with interest and laughter. there is two opposing silly camps in this thread.
(1) one is the people from Mr Jacksons trading group who say that he is a good trader and they are making money and learning to trade and some are even becoming fullterm traders, and that is good
(2) the other people who have not seen mr jacksons trading say it is hocus pocus and that mr Jackson is taking advantage of gullible people and that is not good

Now I don't know if Mr jackson is a good trader or not. I am not in his club. I don't know...
Quote
If a person is over the age of 18 AND is reading a forex trading forum, AND wants to be a trader AND is prepared to pay some money to learn how to trade AND is NOT an imbecile, then he is assumed to be A RESPONSIBLE ADULT CAPABLE OF MAKING UP HIS OWN MIND.
In most countries they stick a gun in your hand and send you off to occupy or defend a country at that age.
I am always skeptical of people who criticise otheres under the guise that they have to protect others from making their own decision.
This...

  • #887
  • Nov 27, 2009 9:00pm Nov 27, 2009 9:00pm
Quoting zarraman
If satisfied customers who are happy with the service he provides and the value he gives are being called his marketing dept, then I must be in it too.
If you can't afford to join his group, or you don't want to, or if you have doubts, then don't join.
No one held a gun to my head to join. I am in the industry. I was impressed by his thread at Dailyfx, I was impressed by his thread here on forexfactory. I was impressed by his professionalism in all my emails to him. I was impressed by his previous results. I am impressed...
I lost a post about this somewhere. But kongrats on some intelligent advice.
  • #888
  • Edited 10:44am Nov 28, 2009 5:43am | Edited 10:44am
Hi Pipmutt...thought I'd try to give my view on the following...

Quoting pipmutt

I don't think anyone is necessarily trying to protect others from making their own decisions, like you say we're all adults (although reading some of the posts here you wouldn't think so!), but there is such a thing as an informed decision, or one based on probability at least.
Informed decision by all means - however as to "Probability"... based on which criteria?

Quoting pipmutt
it is relatively easy for an inexperienced novice to be led astray, that's how forex scams are able to continue peddling their wares. No patsies, no business. It's up to the more experienced and seasoned traders to try and help those inexperienced (and often gullible) novices to make that decision an informed one.
True.

Quoting pipmutt
A good example is the idea that by simply paying $700 to subscribe to a blog it will somehow turn an inexperienced novice into a consistently profitable trader. Anyone with any experience of trading will instantly know that the probability of that happening is extremely low, in fact lower than the alleged 5% stats.
I don't believe that was the premise at all - what I saw (perhaps mistakenly) was that, for those that chose to share their experience, joining a determined group has helped them in their trading thus far - being consistent is another matter as that is purely up to the individual as it has more to do with pschology self discipline and a series of factors which no one can instill in someone if they aren't prone to them. Consistency cannot be taught - it has to be laerned - no way around it - however that does not mean that a method or system cannot be consistent in itself - however it will always rely on a person pulling the trigger as it were - therein lies the difference.

Quoting pipmutt
those reading through this thread will hopefully have the common sense to discount all the unsubstantiated claims of profitability, see the types of people who have subscribed to this particular service and see the type of person who is running it, and read the opinions of experienced and seasoned vets. From that they should at least be able to weigh up the pros and cons, and in the absence of any evidence of (consistent) profitability from any of the subscribers reach an opinion. To be brutally frank, if they can't do that then they...
It seems to me a guilty until proven innocent stance has been decided. The absence of intention to make P/L statements public does not mean that the results aren't there.All the moreso when there is a public thread where trades were posted live over a 6 month period and again, no one has EVER come out in public to make any kind of statement that Jacko is a fake.Opinions of whomever are worth nil without correct information to base that opinion on - and further, one may contend that proof be provided to support the statement that they are experienced or seasoned before even taking into account what they have to say....given that in all cases everyone and anyone is entitled to having an opinion and voicing it.

Yes - there are scams out there - and many of them . however until there is tangible proof that they ARE a scam then they must be treated as legitimate or at the very least given the benefit of the doubt.

To put things in perspective allow me an analogy:

You live in an apartment complex....turns out X % (put in any number you prefer) of your neighbours are either drug traffickers, murderers or rapists....police raid the place and haul you to jail. You are to provide evidence of your innocence relating to such activites or you will suffer their same fate. After all you live in the same building thus by definition you are a criminal as well. Imagine if the police don't even like you (given they are actually elected officials and not a lynch mob out for blood - any blood) what do you think would happen even if you were to provide the evidence they seek? Yes. You would get your sorry a$$ nailed to the wall in anycase.


Think about it ...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #889
  • Nov 30, 2009 1:44pm Nov 30, 2009 1:44pm
Quoting coscorp
.......however until there is tangible proof that they ARE a scam then they must be treated as legitimate or at the very least given the benefit of the doubt.......
Then be prepared to waste a lot of money, as I once did.
  • #890
  • Nov 30, 2009 2:06pm Nov 30, 2009 2:06pm
benefit of the doubt to me doesn't necessarily mean one has to buy or subscribe....

I simply do not question them or their system.

No reason to do so..
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #891
  • Nov 30, 2009 3:30pm Nov 30, 2009 3:30pm
A few randomly selected vendor product claims:

  1. "BREAKTHROUGH: Unique, Revolutionary, Powerfully Effective Forex Trading System That's Shocking Professional Traders Around The World"
  2. "Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month..."
  3. "No Losing Trade Since 20th March 2009! November 30th, 2009 update: 1,593.26% NET Profit in the last 245 days! 1,933.59% NET Profit for 2009 (333 days)"
  4. "Attention! You are about to see a new, never before released program that makes Thousands!"
  5. "Earn like professionals do! ..... Use the system which made $400,000,000 Trading Profit last year"
  6. "Never Seen Before and Totally Unheard Of 100% Accurate Artificial Intelligence Forex Trading Signals..... Produces returns in excess of +160% monthly, +2,000% annually! Every Trade Closes In Profit, No Losing Trades!"
  7. "Revealed: The Incredible Secrets of How A Highly Ranked Industry Insider And A Mathematician Developed The Auto-Pilot System That Turbo-Charged Profits And Brought An Entire Industry Crashing To Its Knees...."
  8. "FOREX IS RISKY BUT, IF YOU HAVE OUR SYSTEM THEN FOREX IS GOLD MINE"
  9. "I make tens of thousands of dollars a month trading the forex market.... Generating my own signals!"
  10. "Devious Ex-Bank Trader Finally Reveals Top Secret System That Shook The World Markets & Netted $1.2 Million Overnight"
  11. "A Breakthrough Automated Expert Advisor That Ravages Six Figures With Ease In The Markets. **FINALLY BEING MADE PUBLIC!"
  12. "PROVEN SYSTEM Reveals How To Be Paid $17,048 Repeatedly Working From Home And Now You Can... DOWNLOAD the *Software* That Made Me $4597.76 In 24 Hours!!"
  13. "Successful and Profitable Forex Trading System Course A Proven Powerful System that Consistently Make 4-5 Figures Per Month or More Using A Simple, Deadly Accurate Forex Formula!"
  14. "Forget Everything You Thought You Knew About Trading Forex and Learn To Crush Your Competition Using New Forex Strategies Which Have Never Been Released Before..."
  15. "Renegade Forex Trader Banks 123k in 60 days with New Forex Trading Software"
  16. "Unique, Revolutionary, Powerful Forex Trend Indicator That's Amazing And Stunning Traders Around The World"
  17. "Proven Fully Automated FOREX Trading Strategy by REAL Profesional Trader and Fund Manager. DISCOVER how it could bring you profits consistently in Forex Market ... in every market condition !"
  18. "Finally: A ‘Secret’ Software For Everyone Who Secretly Suspects, In Their Heart, That There MUST Be A Way To Make Decent Profits from Trading Forex And 'Have A Life' At The Same Time..."
  19. "...The Ultimate Forex Trading Winning Machine ...you can use this strategy to bank 100 to 300 pips in record time, with EXACT ENTRIES/EXITS!!!"
  20. "At last, an astounding Forex trading system designed by an expert to help YOU make money from trading the largest market in the World."
  21. "Forget Indicators, Expert Advisors, And All The Self Proclaimed Gurus. Making Money In Forex Is Much Easier Than It Seems..."
  22. "Trader Invents A Secret Automatic 3 Step Mechanism To Trade The Forex Market – Industry Labels is Astonishing Discovery: “The Next Big Thing”... And Viciously Try To STOP Him From Exposing It To The Public!"
  23. "Who Else Wants To Learn 3 Extremely Profitable Step by Step Forex System's That Guarantee To Cut Pip's Out Of The Market Every Day?"
  24. "How To Trade The Forex Market With A Secret Trading Formula Only a Handful Of Traders Know."

Everybody, draw your own conclusions.

  • #892
  • Nov 30, 2009 3:58pm Nov 30, 2009 3:58pm
I think we can safely agree those are potential no brainers....I say potential because I would have to necessarily apply the benefit of the doubt...but I don't think I'd be wanting to know more about what they have to offer..

but thats just me.

Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #893
  • Nov 30, 2009 4:09pm Nov 30, 2009 4:09pm
Quoting coscorp
I think we can safely agree those are potential no brainers....I say potential because I would have to necessarily apply the benefit of the doubt...but I don't think I'd be wanting to know more about what they have to offer..

but thats just me.

You and me both.
  • #894
  • Dec 2, 2009 3:30am Dec 2, 2009 3:30am
Either way,

If there is no credible proof or any verified records, it is not worth paying money for it.

Fact is this: according to the moderators, signal services are banned from participating in the commercial forum (It can be read in the opening posts of the commercial thread).

I strongly believe that the service in question (or its proprietor) does not trade (or take) the signals he sends out by SMS text message. I have asked numerous times to get some evidence that all the claims being made on the web blog are real (and not simple unsubstantiated claims). With no luck.

The web blog states that there is no way of cheating if the trades are announced before they happen - my reply to this was this: I can tell people every day when and where to buy in advance - but that does not mean that I take the trades.

The followers replied that it does not really matter if it helps their trading. That maybe so, but without any proof that the trades are taken in reality (with verifiable evidence), this would constitute a violation of the rule which states that 'signal services' are banned.

If signals are sent out by SMS (for a fee) and there is no proof that the sender does take the trades as claimed (in number and size), then is plain and simple a 'signal service'.

I have written a related complaint to the moderators which has been ignored as well communicated with other long standing members who were in agreement about the matter. It seems that FF is not interested to get to the bottom of this.

So, my warning to any of the new readers is to be very very careful when venturing in here - not everything is face value.

regards
daytrading
Enter Signature
  • #895
  • Dec 2, 2009 3:43am Dec 2, 2009 3:43am
DT...there is one minor issue you may not be aware of.


He runs a Fund as well - which is regularly audited.


but everyone is entitled to their own opinion.

Cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #896
  • Dec 2, 2009 3:53am Dec 2, 2009 3:53am
Ok,

what is the funds name and website?

regards
daytrading

P.S. as you said - this is a minor issue and has nothing to do with the points I am raising and the regulatory issues of this forum.
Enter Signature
  • #897
  • Dec 2, 2009 4:02am Dec 2, 2009 4:02am
I'm not at liberty to divulge that information. Sorry.


Again you are fully entitled to your opinion - just a pity you would direct so much energy towards what I believe is the wrong target.

But to each his own as I always say.

cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #898
  • Dec 2, 2009 4:15am Dec 2, 2009 4:15am
Quoting coscorp
I'm not at liberty to divulge that information. Sorry.


Again you are fully entitled to your opinion - just a pity you would direct so much energy towards what I believe is the wrong target.

But to each his own as I always say.

cheers
Coscorp,

If it is a regulated entity, it is public - this is not the secret service here.

There is no confidentiality agreement that could stop you from telling the funds name and/or web address.

People, this is ridiculous: when does one in here ever get a straight answer to a straight question?

Ever since I have become involved in this thread and have asked one simple question, all I have gotten in return are evasive answers and diversions.

The reason is that there are no statements and there is no fund - and I am certain of that. I have instigated some enquiries of my own and all I received so far points in the same direction. Once I have all the results, I will post them here to confirm my suspicions.

regards
daytrading
Enter Signature
  • #899
  • Dec 2, 2009 6:11am Dec 2, 2009 6:11am
Quoting daytrading

People, this is ridiculous: when does one in here ever get a straight answer to a straight question?

Ever since I have become involved in this thread and have asked one simple question, all I have gotten in return are evasive answers and diversions.

Hi DT

You'll never get a straight answer from these people because there are no records to show (consistent) profitability, there are no verifiable accounts, heck there aren't even any live trade calls! They're all hysterical (ooops, Freudian slip, I mean 'historical') results based on hindsight, such as describing how they made hundreds of pips last week and how Jacko is a great trader trading 100's of lots and running some secret gigantic fund.....but absolutely no evidence, like I say not even a profitable trade called in advance!

Under the circumstances what else can they do other than blow smoke and attempt to shift focus away from themselves?

The lack of anything to substantiate their claims has become a standing joke now, the reasons are so glaringly obvious to even the most challenged among us, I'm really not quite sure who they think they're kidding!
  • #900
  • Dec 2, 2009 6:15am Dec 2, 2009 6:15am
Quoting coscorp
I'm not at liberty to divulge that information. Sorry.


Again you are fully entitled to your opinion - just a pity you would direct so much energy towards what I believe is the wrong target.

But to each his own as I always say.

cheers
Hi Coscorp,

I have found what looks like another blog. If you run any alternative asset management company or hedge fund, you will need an address, auditors, accountants etc. The fact that neither is visible looks suspicious. There are no entries in either Hong Kong or UK domiciled company registers (which are the main centres for limited co's).

If the blog is as badly constructed and marketed as the main one that can be accessed on the web, it does not exude much confidence for any potential investor.

For now, I am still not labelling either of the 'businesses' a scam - but I would say that I am not very far from having enough proof to disclose the claims made as nothing but hot air.

regards
daytrading
Enter Signature
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