How to be a Guru in 10 steps | Forex Factory

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How to be a Guru in 10 steps

  • #1
  • First Post: Mar 15, 2011 1:49pm Mar 15, 2011 1:49pm
1. Explain how making hundreds of pips/ticks a day is easy, and show how you would have done so with a hindsight chart.
2. Relate to your followers by mentioning how many accounts you blew and that by following your most recent method, it will never happen to them.
3. Tell them you spent 10,000 hours looking at charts, and that must be worth something.
4. If you cannot find many winners on the week (in hindsight of course), add some rules to optimize current market conditions so that you can rationalize some wins.
5. Tell them you have traded every market, have tons of money, but decide to teach because you like people.
6. Explain how just 1 winner will pay for the costs of your program/website/course/etc
7. Explain how your method is the only way to make money in these markets and how you can out-trade anyone.
8. Make sure to post profits in Pips/Ticks, so that followers will not question % risked, stop size, and the like.
9. Show how this method is more profitable and efficient than any of the other 10 methods you have previously explained.
10. Tell them how your offer to teach/sell e-book/join course is limited to only a certain amount of people and they will never ever see this stuff again.

I saw a similar post on another forum and thought it was funny yet also spot on.
Yes, as you may have guessed, this post was supposed to be sarcastic. I'm posting this here as these forums are filled with glossy-eyed people looking to get in the game, often succumbing to your typical snake-oil salesman or compulsive liars seeking attention. The intention of this post is to simply show 'rookies' that most of what you will encounter for 'education' is b.s. with bad intentions. Once you have many years under your belt trading and various friends in the industry, it is very easy to read who is full of it and who is genuine. The infomercial people should be obvious...yet you keep reading people falling prey to them. Keep your mind clear, dont be naive, and keep things simple Good luck trading.
  • #2
  • Mar 15, 2011 2:08pm Mar 15, 2011 2:08pm
hehe, that's a nice post. Yeah, those gurus just play with dreams and hopes of people.

In the end, similar things happen in the trading systems section. Maybe the creators didn't have bad intentions, but it gets into a dynamic which will then promote systems that might not be profitable at all.

The herd is quite dumb.
  • #3
  • Mar 15, 2011 2:38pm Mar 15, 2011 2:38pm
HAHAHAHAHA!!

Very good one man!
I like sarcastic post, had fun reading it!

I completely agree with you and Custos too…
Hope every newbie read this before betting their money on a "guru" strategy.

Quantrader
  • #4
  • Mar 15, 2011 3:09pm Mar 15, 2011 3:09pm
ToDo List:
1. Make up some BS strategy and post with results from my actual trading faked to be results using the BS strategy.
2. Create thread on FF advertising bogus strat, give "basics" away for free
3. Sell full strat/mentoring service (abandon all hope ye who enter here)
4. PROFIT!

Too bad I'm not some profiteering jerk out to rip people off. I'm just a profiteering jerk out to spread peace and love.
  • #5
  • Mar 15, 2011 3:20pm Mar 15, 2011 3:20pm
Wheres the 30 day guarantee?

I want my money back if im not rich in a month (im patient)
  • #6
  • Mar 15, 2011 5:19pm Mar 15, 2011 5:19pm
Quoting randomperson
1. Explain how making hundreds of pips/ticks a day is easy........
Since these gurus usually operate exactly as you described, why don't you make up and market an interactive template where the budding guru just fills in a few blanks and his whole blog/website/program is complete? Be sure to market this Template as "Cutting Edge", and "For the guru who wants to set himself apart from the amateur and mediocre gurus and take his/her marketing to the next level".

For example, "My name is (Enter impressive made-up name here).

I have been trading (Enter choice of multiple markets here) for (Enter number of fictitious years here)

This method nets me (enter number of fantasy pips here) per (choose one) Hour..Day..Week..Month..Year."

Provide examples of completed templates and suggestions for impressive names, like Winston P Stoutheart 111.
If you provide audio content (included in Premium Guru Template Package only) be sure to use a strong, male British accent for the pitch. Consider inserting a pleasant female Asian voice when mentioning yen products. And customer service should always be a pleasant female British voice.

If that works out make up Guru Product templates to sell to others who would like to focus on marketing Guru templates instead of actual phony products. Then invade all markets and create Guru Templates for all sorts of topics--like the "Chicken Soup For_______" , and the "_______For Dummies" books did.

Set it up as a pyramid, but as always, insist that it's not.

Get in on the ground floor folks--this is the next hottest thing.
  • #7
  • Mar 16, 2011 4:54am Mar 16, 2011 4:54am
Quoting randomperson
1. Explain how making hundreds of pips/ticks a day is easy, and show how you would have done so with a hindsight chart.
2. Relate to your followers by mentioning how many accounts you blew and that by following your most recent method, it will never happen to them.
3. Tell them you spent 10,000 hours looking at charts, and that must be worth something.
4. If you cannot find many winners on the week (in hindsight of course), add some rules to optimize current market conditions so that you can rationalize some wins.
5. Tell them you have traded...
The sad thing is that there are good and honest "gurus" out there that will save newbs a ton of time and money, it is just that most people are just not able to tell the good from the bad.

Survival of the fittest I guess.
  • #8
  • Mar 16, 2011 7:29am Mar 16, 2011 7:29am
Quote
2. Relate to your followers by mentioning how many accounts you blew and that by following your most recent method, it will never happen to them.

Playing with people dreams. How many traders blew up accounts. - Thousands!!! How many of traders dreams about account that will only grow atleast 100% PER YEAR. Now tell the people that you have something common with them. ( You now how it feels when you lose money) And they will trust you.
  • #9
  • Mar 17, 2011 6:20am Mar 17, 2011 6:20am
Here's another way:

Send e-mails to 64,000 folk.
Tell 32,000 of them (let's call them Group 'A') that the Euro will close lower tomorrow than it did today.
Tell the other 32,000 (Group 'B') that it will close higher.

Let's say the Euro closed higher. So you discard Group A and continue to work with Group B. A few days later you send them another e-mail.
Tell 16,000 of them (Group 'B1') that the Euro will close lower tomorrow than it did today.
Tell 16,000 of them (Group 'B2') that it will close higher.

Let's say the Euro closed lower. So you discard Group B2 and continue to work with Group B1.

I guess you're getting the idea by now.

After 6 repeats, you'll have a group of 1,000 folk who'll have seen you get it right 6 times consecutively. Of course you now explain that the odds against this happening by pure guesswork are 63 to 1. And you reveal your secret: that after 10 years of intensive chart study, etc etc etc you've finally made a startling discovery that allows you to pick which way the Euro will move each day with greater than 90% accuracy, and that you'll sell it to ONLY the first 10 buyers who sign up before midnight on XYZ date at a never-to-be-repeated special price of $149.

Oops, I forgot to tell you the final step: enjoy spending the $149,000.

LOL.
  • #10
  • Mar 17, 2011 6:37am Mar 17, 2011 6:37am
And I was just getting ready to start my own group.
Thanks for telling all the rookies my secrets. Damn it.
Just Trade It
  • #11
  • Mar 17, 2011 6:40am Mar 17, 2011 6:40am
At first I was like....

Then I was like....

But I went back to....

Funny you mention that because a friend of mine who trades futures told of this "italian" fella who has some kind of business setup like that....

1000 people split 50/50

A) Buy

B) Sell

All things perfect, you'll end up with 500 wallets paying next months signals!


Its nasty but unfortunately it happens more than what people would like to believe....shame on them (scamers..).





Quoting hanover
Here's another way:

Send e-mails to 64,000 folk.
Tell 32,000 of them (let's call them Group 'A') that the Euro will close lower tomorrow than it did today.
Tell the other 32,000 (Group 'B') that it will close higher.

Let's say the Euro closed higher. So you discard Group A and continue to work with Group B. A few days later you send them another e-mail.
Tell 16,000 of them (Group 'B1') that the Euro will close lower tomorrow than it did today.
Tell 16,000 of them (Group 'B2') that it will close higher.

Let's say the Euro closed lower....
  • #12
  • Mar 17, 2011 6:58am Mar 17, 2011 6:58am
Quote
After 6 repeats, you'll have a group of 1,000 folk who'll have seen you...

I like well made scam tactics. There is nothing spectacular - simple and nice. That does make sense.

There hard part to find 64K folks that will follow your instructions.
  • #13
  • Mar 17, 2011 7:49am Mar 17, 2011 7:49am
Quoting hanover
Here's another way:

Send e-mails to 64,000 folk.
Tell 32,000 of them (let's call them Group 'A') that the Euro will close lower tomorrow than it did today.
Tell the other 32,000 (Group 'B') that it will close higher.

Let's say the Euro closed higher. So you discard Group A and continue to work with Group B. A few days later you send them another e-mail.
Tell 16,000 of them (Group 'B1') that the Euro will close lower tomorrow than it did today.
Tell 16,000 of them (Group 'B2') that it will close higher.

Let's say the Euro closed lower. So you...
  • #14
  • Mar 17, 2011 8:04am Mar 17, 2011 8:04am
Quoting hanover
Here's another way:

Send e-mails to 64,000 folk.
Tell 32,000 of them (let's call them Group 'A') that the Euro will close lower tomorrow than it did today.
Tell the other 32,000 (Group 'B') that it will close higher.

Let's say the Euro closed higher. So you discard Group A and continue to work with Group B. A few days later you send them another e-mail.
Tell 16,000 of them (Group 'B1') that the Euro will close lower tomorrow than it did today.
Tell 16,000 of them (Group 'B2') that it will close higher.

Let's say the Euro closed lower. So you...
Finally... the holy grail of making money in this business
  • #15
  • Mar 17, 2011 8:43am Mar 17, 2011 8:43am
Quoting hanover
Here's another way:

Send e-mails to 64,000 folk.
Tell 32,000 of them (let's call them Group 'A') that the Euro will close lower tomorrow than it did today.
Tell the other 32,000 (Group 'B') that it will close higher.

Let's say the Euro closed higher. So you discard Group A and continue to work with Group B. A few days later you send them another e-mail.
Tell 16,000 of them (Group 'B1') that the Euro will close lower tomorrow than it did today.
Tell 16,000 of them (Group 'B2') that it will close higher.

Let's say the Euro closed lower. So you...
Trouble is you also have 63,000 folk who know you are wrong and are likely to mention this on the forums.
  • #16
  • Mar 17, 2011 11:11pm Mar 17, 2011 11:11pm
Quoting RandomOne
Trouble is you also have 63,000 folk who know you are wrong and are likely to mention this on the forums.
Not quite true. Of the 63,000:

  1. There are 32,000 who saw you get it wrong once, and are waiting for your next e-mail.
  2. There are 16,000 who saw you get it right once, and wrong once, and are waiting for your next e-mail.
  3. There are 8,000 who saw you get it right twice, and wrong once, and are waiting for your next e-mail.
  4. There are 4,000 who saw you get it right 3 times, and wrong once, and are waiting for your next e-mail.
  5. There are 2,000 who saw you get it right 4 times, and wrong once, and are waiting for your next e-mail.
  6. There are 1,000 who saw you get it right 5 times, and wrong once, and are waiting for your next e-mail.

And of course you're claiming a 90% win rate, so the odd loss is inevitable.

Anyway, it really doesn't matter, the original post was tongue-in-cheek. LOL.

  • #17
  • Mar 18, 2011 2:32am Mar 18, 2011 2:32am
Quoting hanover
Not quite true. Of the 63,000...
OK, you have convinced me, now where do I get 64,000 email addresses?
  • #18
  • Mar 18, 2011 9:33am Mar 18, 2011 9:33am
Lol thread
  • #19
  • Mar 18, 2011 2:39pm Mar 18, 2011 2:39pm
Quoting RandomOne
OK, you have convinced me, now where do I get 64,000 email addresses?
OK, you got me there!
  • #20
  • Last Post: Mar 21, 2011 7:58am Mar 21, 2011 7:58am
Quoting RandomOne
OK, you have convinced me, now where do I get 64,000 email addresses?
There is no guaranty that they will agree to follow your instructions.
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