Ratio Trading.com Scam?

Folks,

Over a month ago I went to Ratiotrading.com and ordered their beginners course on fibonacci trading. I have already had my best friend ripped off by one very famous prop firm that promises they will let you trade for life with their money in both forex and stocks so I am no fool. But I figured for $345 I'd give this firm a shot. I was promised a dvd educational package in the mail, and upon ordering would have immediate access to the videos online. It is well over a month and I have yet recieved nothing. Not even a link to go to! I cannot prove RATIOTRADING.COM is a ripoff or scam, but when you email support and also the president of the company and get no reply, what does that usually mean?

In fact, the president of the company named Abdel Ibrahim, personally wrote to me when I complained about having to pay for their newsletter trial. He assured me of many things to assure me of how much they do for their students. Abdel Ibrahim was personally sent an email by me asking him to resolve the issue. No reply. Abdel Ibrahim is the owner and they show on the ratio trading site that he has been on the money show and is made to seem very legit. So why did he answer my email in 1 day BEFORE I sent him my money, and now over a month later of constant emails asking for a refund, guess what? No Abdel Ibrahim to be found. I would not get involved with this company in any way and have contacted my credit card company over this. If anyone has been ripped off or scammed by Abdel Ibrahim or Ratio trading, please contact me so we can possibly do some Fibonacci work together as I have found a good fibo platform.

There are a lot of Fibonacci books on the Internet for free.

I'm sorry to hear that, but Forex market is not a pay-up and learn thing like schools...

Just imagine, why would they set up a site and put a load of text to attract their customer, when they can earn $1000 a pip or even $10000 just trading their Fibonacci.

That's because they're big time failures who lost all their money in Forex and bought a domain name for $20 and spend good 2 weeks collecting (copy paste) information from net and selling it to us....

Oh man why is this forum built for? Pick one that suit you and get a micro account and trade pennies,, ( Real money, because you will take care of it, even it's pennies)...

Never give a penny to those sites... And think why are they selling it when it can be found freely in Forex forums around the web....


Sorry for my poor English. I hope you understood me.

You get no argument from me. My real complaint is at least send me the product you are advertising, even if it is junk. Because Fib work is so subjective, yes you can get a lot for free on the web, but anyone offering a good way to make a system with trading rules out of it is very rare so i gave it a go. Also, when the president himself ,Abdel Ibrahim who was featured on the money show writes to you personally, you think to yourself, "even if this isnt the wholly grail, if it helps me develop my own winning system or strategy its worth the money. I have learned as lot from paid info on the net. But to send someone nothing when they paid for something is a double rip-off. Now, if Abdel Ibrahim and company are just disorganized and they surprise me with their advanced $3000 dvd package to make this up to me, (it costs them pennys anyway), then If there is value I will publicly apologize on this board. Till then, no more fibonacci courses for me. I really was lured in by the fact that I could learn by dvd and sit at my tv and get away from the computer. I also didnt see any complaints yet so I gave them a shot. Oh well, hopefully my CC co. will re-imburse me and bring charges against RATIOTRADING.

BTW...Does anyone here have a rule based fibonacci course that makes money they know about. I hear Mark Braun has a chat room with fib clusters that are like magnets. Took a free trial there, interesting charts he has, but I cant afford the monthly dues. Nice guy though...and honest! We should start a thread of all the people who got ripped of just by software and educational companies dealing with Forex first of course, but also including futures and stocks too. Or is there one here already? WHY ISNT THE CFTC AND OTHER REGULATORS CLAMPING DOWN ON ALL THESE FAKE PROP TRADING ROOMS AND FOREX SCAMS? Its like the wild west out there now. I guess Obama doesnt trade Forex, Hilary gave up futures and if we have less and less regulation and transparency, America wont have a future. LOL

Hi Daytrader, You said you sat in Mark's chat room. Does he use mental stops and wait for price to cross the symmetry boundry in the opposite direction ? His method looks descent just by what i seen in one of his videos That is ashame about ratio trading. I seen one of his webinars awhile back Stops can be huge on the larger time frames but he seems to do well i guess. Take care,Tex

Daytrader50 - I purchased the Fib Workshop for $90 and like yourself have never received a link to view the recorded presentation. this was back in Sept 2011 and still today they are selling this package. I was introduce through a Mirus Futures webinar and was impressed with their strategies. I have email support time and time again, with a response to only my first email, nothing since then so I just recently email Mirus to see if they can help me out. Not sure what authority can follow this up for us, does anyone know?

Tex,

Mark uses 4 different CCI triggers to get in. And last time I checked he uses the next fib below him as a stop. But his charts have overlapping times on them so its probably a pretty close stop. He seems to like to trade a 3 min futures chart, no longer term spot forex and mostly the russell. He shows Forex charts but prefers the Russel and s&p.

To the guy who sent in money and got nothing, I hope you called your credit card co. and told them to stop payment. As for me I finally got the course sent to me. They apologized. It was very interesting, I think you can make a winning system out of it, but their style of trading wasnt for me. Mostly they like to wait for abounce or break of the .618 with a close stop. Problem is you can wait days for your time frame to show anything bouncing or breaking in futures or spot. If you order it, just get part one. Their psychology and money mgmt is very good for beginners and intermediates. Very interesting. Mark is not as exciting but I prefer Fib charts that show different time frames overlapped on one chart.

RATIOTRADE of RATIOTRADING.COM is the GARTLEY PATTERN!!!

Don't make the same mistake i did...

I wish i knew before. They could tell that in the site, but there's no reference.

I just think that people should know what they are paying for...

If you want to learn the Gartley Pattern, then it's a good place to learn.