James16 is not credible

OH look, my stupid ej trade that i risked 20 pips on, is now up 80 pips. I know it's one trade, means shit, but feels good to post on here.

Please note another thing !
From j16 member sign-up page:

You Should NOT Join the James 16 Group if:
You are looking to spend one month with us and obtain and understand everything we have to offer. I believe we can do great things for you over a period of time, but this business is not for people that think a month or two of training is enough. The reason we offer free membership after one year is to reward those that are truly serious.
----------------------------------------------------------------------------------

so, for anyone who truly wants to learn what he has to offer, he recommends at least 3 months. that is ~ $390. Now go back on amazon and see what you can buy for that money.

The more I look into this, the more obvious it becomes that this is just a waste of money and time. You pay ~ $ 390 to a guy just because he says he has 25+ years of trading experience and is successful when for half that money you cand get books written by or about proved successful millionaire/billionaire traders. Just incredible !

that's only 4 books.
i thought it would be 10 books that cost $129 total. (plus i unfortunately live outside US)

thanks anyway, i was just curious if u knew some discount shop that sells 10 good books for $129 total

SO what, 99% of peopel can go buy 2000$ of books and it won't help them at all.

You really nailed it now, with that new info, for sure james is a scam.

And nothing he teaches works.

And nobody has become successful from it.

ANd nobody has added it to there systems helping them.

I'll stop posting pretty soon tonight, my quota is nearly up and I don't get paid overtime for this stuff you know.

@supremeChaos

Here's a tip for you: all those books are free on the internet if you know how to search.
another tip: please pay more attention when you read my posts, there are 6 books in my post.

I wonder if we can find one lifetime subscriber that has complaints to make.

Or 3 short term subscribers that have complaints to make.

If so many people are joining, and he's making so much money, and he's a scam,
surely we can find a bunch of peopel calling him a scam.

@Mr Smith
read very carefully my quote. There is your answer.

Oh yea, your right, he's a scam for sure.

I was member 2 years ago so I dont know if something has changed. IT depands what you perceive as a scam. According the low James16 is not scam he is selling education service. It is not important if it works or it doesnt as on the web page is very smart disclaimer so leggaly its ok.
But I dont think this thread is about a law. Its about product that even author himself doesnt use for trading, or atleast is not able to provide any evidence of positive results, and some core members already failed (PeterFM) or created own thread with simmilar topic (clockwork). Meanwhile paid members like yourself are creating very good PR ground on free thread (and/or other threads), to lure new traders into private site.
Its not illegal, its nothing that can be compared to Jacko but at the same time its not a site to help people. ITs just forex business.

Clock didn't fail, he still teaches very similar stuff to james. GO read both threads.

More thoughts.

If someone sees a successful traders statement, and cannot learn from them in a few months or less, then there idiots, but if they never saw the statement, they got scammed, this is the kind of logic some of you are using. Fact is trading can take years to learn, even when someone who is successful sits with you and shows you, and holds your hand as they are trading, it can take years and years to really do it yourself, it's like this with many things in life.

I know a bank trader who I went and watched trade one night, he doesn't use charts, just numbers, he's allowed to lose up to 50k then he has to call his supervisor if he should continue that night or not, his advise was he personally would never ever trade his own money, as it's way to risky business. He is a very successful trader for a bank in sydney aussie.

He was a terrible teacher, seeing a statement, or even having one on one classes from a successful trader doesn't mean you have a better chance of success. Some times the better teacher is not as good at what he does as others that do it.

I'm not saying james can't trade, just making the point.

Hahaha, you really think I'm a paid member.

Once iv'e completed 6 months or more of a blog, calling trades before they trigger, and I prove that at least I'm a real trader, since I learnt from james, does that make him no longer a scam?

Or it doesn't matter that some actually do learn good material from him, he's a scam no matter what, unless he shows his statement, so once he shows his statement, all of a sudden the same stuff he was teaching is now no longer a scam.

That logic is insane.

Do you all just sit around arguing on forums?

You know I do cause i get paid to, but what about you guys.

so u failed even after u joined it?
did u not learn anything?
are u complaining? i ask because im not sure what your stance is. u seem to be half-hearted with your posts.
u seem to be attacking J16 et.al. because u failed/failed to learn.
maybe u can enlighten us.

do u have proof of what u are saying here? do u have personal communication with Sir PeterFM?
it's a bit unfair to drag PeterFM in this issue without his knowledge (his last post was back in April)
from what i know, PeterFM did not fail, he quit. (anyone can correct me if im wrong)
reasons were graciously relayed to me by a friend (he received email from Peter (back in May2010).
i hope PeterFM wont get mad at me, but to protect his privacy, i will only share these bits from his email:
reasons were related to/about:
-decent second income
-time/financial constraints
u must know that Sir Peter is 66y.o. he is in a different stage of his life. imho, trading should be the least part of it now,& i think that's exactly what he did.

Dont drop people's names just like that, specially if u have no evidence. that's unethical

my bad, i didnt click the first link. (i thought it was only ROASO).
but regardless, u initially said 10 books.
i am aware of the free books floating around the web. thanks for the tip, still.

James should either pay you or give you free membership for defending him...you deceive it. James has a lot of followers, but its only you and a few on here defending him.

@supremeChaos

now, why do you argue over semantics ? 6 books new, 12 used, what's the point ? Haven't you noticed that j16 says a month is not enough ? so we're talking about a lot more than $129, at least $390.

If you want to make an intelligent argument, you could say that a book can't walk you by the hand, like a live instructor. But then I'd say, that all the evidence indicates that this instructor would walk me right over the cliff's edge. Why is that ? Because there's no proof that what he teaches can lead to profitability. If there'd be one, I'm sure he'd not hesitate to present it.

I don't know why the Mods at FF don't just bring to bear a far higher level of scrutiny for all potential thread starters in the Commercial Forum. Insist upon account statements from the individual, and also an agreed mandate to contact their broker for verification purposes. An in-house backtesting software programme would finish the picture off.
Forex is a shitty environment for newbies, with the 'where' to learn being as difficult to crack as the 'what' to learn.
I honestly don't think that this site tries hard enough, and as for 'getting into bed' with commercial service providers, well, that's just plain WRONG.
Or stupid.
Or both......

LOL, why are u getting heated up?

well, u said this didnt you?
were u not being serious when u said $129 can give us the top 10 trading books? well, my earlier question & curiosity was serious. i love reading books so i asked. & i didnt care if the $129-worth 10 books were new or old.

too bad u were simply being sarcastic & i wasnt.
& u did not pay attention to my question too (u include the thread topic in your replies which is entirely unrelated to my question). we're even now, LOL.


starting or taking on an intelligent discussion, doesnt make one intelligent.

the thread topic is moot to me. i have my views. i am not a J16 PF member.

Date of Post:2007-08-31
Review:I was a subscriber to James system . I stayed for two months.
The systems presented in the forum are worth considering. But its definitely not worth for a monthly fee of $129. I certainly dont expect to be "spoon fed".
When I joined I did not expect anyone to send me buy/sell signals. I'm willing to work hard to learn about this market. As a newbie trader, I expected lot of mentorship. And that mentorship is absolutely lacking in J16. When you pay monthly fee for a provider, you expect
him to provide constant mentorship . For example, I expected constant updates from James
which tells us these are the trades that one could have taken (not real time signals) based on his system.That would enable a subscriber to learn more and also learn the good vs bad trades. But all you see in J16 forum is journals and support provided by other members, who are fellow traders like you. While I appreciate their support, the fact is they are also relatively new to this sytem and not as experienced as James himself.
So you cannot absolutely trust their journals , which makes your learning experience minimal.
And when I joined the forum, I joined placing by trust on just James. Not his subscriber's journals and his subscribers willingness to answer the questions.
If this service had been provided as a one time fee, then its absolutely fine. But to charge the subscribers a monthly fee and expect them to do ALL the hard work , without any support from the provider itself, is not practical. I recently subscribed to another educational system based on the reviews here at FB. Its a one time fee and im very glad that the provider still provides constant updates (every week)in terms of videos that clearly explains these are the trades that you could have taken etc. That helps me learn a lot and minimize my mistakes and become a better trader.
To summarize, participation by James himself is very minimal on the forum. and the monthly fee is ridiculous.
I like the price action based systems very much and I wanted to learn it practically. Thats why I joined J16. But with the kind of support you receive from J16, you would be better off reading Nison and Martin Prings books. Those books have almost the same kind of information
http://www.forexpeacearmy.com/public...oup.com?page=2