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  • #881
  • Apr 22, 2012 3:41am Apr 22, 2012 3:41am
Quoting billbss
I'd never paid any attention to this guy until I read your post.

I think I recognize the pseudo- military jargon.
He's been here before. If I'm right, this is his 4th reincarnation.
Using an explosive? And Gleneagles busted him because he posted an indi authored under his real name/previous incarnation?
The dream will never die
  • #882
  • Apr 22, 2012 3:58am Apr 22, 2012 3:58am
the thing with spreadbetting goes,with the tax man.yes pipmut it is a slightly grey area.but spreadbetting falls into the area of gambling .you can be exempt by declaring yourselfe a pro gambler.
i did mention it in a previous post,the tax man has looked at this area of revenue for years and years.the reason its exempt is because the winning percentage of people making a living from any form of gambling is extremly low.so there view on this is that its better to let 10 % tax exempt than re catorgrising spread betting as investments or speculation when 90 % loose money,that 90 % could infact show thier losses against more profitable sources of ther income.thats the very reason why they exempt it,there very smart.
  • #883
  • Apr 22, 2012 5:18am Apr 22, 2012 5:18am
Quoting diceman555
you can be exempt by declaring yourselfe a pro gambler.(
Interesting. The situation is, according to my accountant friend, as Pipmutt says, that the Revenue want to know about it if it is your sole source of income. Of course, tax law can change, either for your benefit or not.

And the Revenue can only go back 6 years for checking, so Turveyd's £6k is safe. Reminds me of a story told by a friend about 14 years ago, on a visit to the Fuller's brewery, source of one of the things I most miss about London, a pint of Pride. He was in advertising, self-employed, and he'd just had a refund cheque from the Revenue for £32k for VAT which had been applied to an invoice from about 4 years prior when it shouldn't have been, and they reckoned if they could go back up to 6 years to collect unpaid tax, they had to allow him the same time limit on overpayment. As another accountant friend whispered to me at the time, it must have been a hell of an invoice.
The dream will never die
  • #884
  • Apr 22, 2012 6:33am Apr 22, 2012 6:33am
Quoting Brotyboy
Interesting. The situation is, according to my accountant friend, as Pipmutt says, that the Revenue want to know about it if it is your sole source of income. Of course, tax law can change, either for your benefit or not.

And the Revenue can only go back 6 years for checking, so Turveyd's £6k is safe. Reminds me of a story told by a friend about 14 years ago, on a visit to the Fuller's brewery, source of one of the things I most miss about London, a pint of Pride. He was in advertising, self-employed, and he'd just had a refund cheque from...
hi bratyboy,

yes its such a grey area.i can only pass on what i know from personel experience.most of my past years income came from gambling in one form or other,mostly trading .i didnot declare those gains but i had some tax to pay on a contract i did at the start of the last financial year.i was questioned once on my income source and showed i had infact made the money from gambling,this was exepted from the revenue.
it was a friend of mine who suggested i use the gambling aproach as its used by the revenue to stop losses being used against other income source,he explained they cant have it both ways,hes a pro gambler,mainly horse racing,but he lives of his gains.he hasnt had any problems with the tax man.

having said all this,i did declare some payment from the contract work,maybe they were satisfied by that,the test will come on my next return as i wont show any income other than that of gambling.
  • #885
  • Apr 22, 2012 8:53am Apr 22, 2012 8:53am
Quoting pipmutt
It's not about proving income to support a mortgage or loan application, it's about the tax man wanting his cut. Your sole/main source of income is subject to tax, spread betting isn't excluded.

Usually it's enough to fill out an online self-assessment and pay a 'token' amount to keep them off your back, but don't expect them to believe you exist on nothing, HMRC ain't that stupid!

Cross that bridge, when / if I ever get to Full time and sole income again, it's the plan I think, likely trade and still do a bit of self employeed to.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #886
  • Apr 22, 2012 9:01am Apr 22, 2012 9:01am
Particularly when you watch them prey on noobs. They know you can't teach discretion, and no mechanical system is infallible therefore in a quasi religious manner they promote dependence. The invention of pseudo language is an interesting test, if the noobs hook onto to the creative language and anachronisms the sophist guru knows how many he's hooked. He then specifically targets the adopters of the pseudo language through pms and mail to encourage them to sign up for the weekend webinar which only ever "has a few places left."

IMHO the marketing methods apart from being dishonest are becoming a bit sinister now, the title of wizard is quite apt. The OP's list was spot on but misses out the introduction of the hypnotic and amateurish use of NLP using anchor and repetition techniques.

Quoting billbss
I'd never paid any attention to this guy until I read your post.

I think I recognize the pseudo- military jargon.
He's been here before. If I'm right, this is his 4th reincarnation.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #887
  • Apr 22, 2012 9:16am Apr 22, 2012 9:16am
Quoting Spreadbetter
Particularly when you watch them prey on noobs. They know you can't teach discretion, and no mechanical system is infallible therefore in a quasi religious manner they promote dependence. The invention of pseudo language is an interesting test, if the noobs hook onto to the creative language and anachronisms the sophist guru knows how many he's hooked. He then specifically targets the adopters of the pseudo language through pms and mail to encourage them to sign up for the weekend webinar which only ever "has a few places left."

IMHO the marketing...

You and me both, who area you on about here with there 4ish incarnation ?? 60MM ??

It's interesting how he turned a anti BS thread into a worshipping him thread with many ( likely all him ) defending him.

Dangle a carrot and many people will take it, money is getting harder to find and everything more expensive which = more desperate people sadly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #888
  • Apr 22, 2012 9:41am Apr 22, 2012 9:41am
Quoting Brotyboy
Using an explosive? And Gleneagles busted him because he posted an indi authored under his real name/previous incarnation?

That's him.

As Expat it was "aim and pull the trigger"

Edgetrader was ' place your C4 charge and detonate'.

This time he's a commando on a special op.
  • #889
  • Apr 22, 2012 9:44am Apr 22, 2012 9:44am
Quoting Spreadbetter
Particularly when you watch them prey on noobs. They know you can't teach discretion, and no mechanical system is infallible therefore in a quasi religious manner they promote dependence. The invention of pseudo language is an interesting test, if the noobs hook onto to the creative language and anachronisms the sophist guru knows how many he's hooked. He then specifically targets the adopters of the pseudo language through pms and mail to encourage them to sign up for the weekend webinar which only ever "has a few places left."

IMHO the marketing...

I'm sure you're right. It certainly looks that way, although I had never thought about it in those terms.

My guess is it's unconscious on the part of the scammer. He's just a natural born con man and the techniques come instinctively.
  • #890
  • Apr 22, 2012 10:07am Apr 22, 2012 10:07am
I don't read many trading strategy threads, I kinda know all I want to know right now... but, is there lots of threads where people are asking for traders to pay? is that even allowed?...
tradewith60
  • #891
  • Apr 22, 2012 10:09am Apr 22, 2012 10:09am
Quoting 60minuteman
I don't read many trading strategy threads, I kinda know all I want to know right now... but, is there lots of threads where people are asking for traders to pay? is that even allowed?...

If they've got 'corporate' under there name, then they've paid FF basically to be able to do so, bad times.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #892
  • Apr 22, 2012 10:16am Apr 22, 2012 10:16am
this alorente guy just reminds me of one eelfranz....back then he got me by hook, line and sinker...how times change.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #893
  • Apr 22, 2012 12:16pm Apr 22, 2012 12:16pm
Didn't know that you had to pay to feature on that section, not sure on that, but what is sure is that the wizard/fail better thread bigs up the paid for webinar each week to be held on a Sunday.

Quoting 60minuteman
I don't read many trading strategy threads, I kinda know all I want to know right now... but, is there lots of threads where people are asking for traders to pay? is that even allowed?...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #894
  • Apr 22, 2012 12:18pm Apr 22, 2012 12:18pm
Just instinctive emotional con tricksters at work, after all con men sell confidence.


Quoting billbss
I'm sure you're right. It certainly looks that way, although I had never thought about it in those terms.

My guess is it's unconscious on the part of the scammer. He's just a natural born con man and the techniques come instinctively.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #895
  • Apr 22, 2012 12:55pm Apr 22, 2012 12:55pm
"Commercial agendas tend to compromise the integrity of forum discussions and are therefore not permitted. If you make money by servicing* Forex traders in any way, shape, or form, or have any commercial agenda whatsoever, you are NOT permitted to post in the forums regardless of whether your posts are promotional or not. "

You do not have to pay to be a commercial member. If you fit the descrip above you are a commercial member.

Commercial members make money from people on this forum bottomline.
J16 I guess led the way with his private forum.

Hundreds of people paying you a hun a month is not too shabby...


So yes you can ask traders to pay so long as your a commercial member.


It happens all the time on here usually starting in the trading systems forum.
Master your Mind,,,Master the Market
  • #896
  • Edited 4:00pm Apr 22, 2012 3:48pm | Edited 4:00pm
dont you think part of the learning curve comes from exploring all the avenues,certainly for me i had to go through each stage,which included systems,gurus,and ultumitly 6 years of watching price.some are much quicker in ther understanding and learning capacity.but i believe eventually anybody can get this .it has idiosnycracies which in time you can clearly see.

as a add on,jag has seen it,fill the gaps,
  • #897
  • Apr 22, 2012 4:02pm Apr 22, 2012 4:02pm
Yes we do have to bruise our knees and hearts in order to become proficient, were I take exception is when posters use free to air forums as cheap marketing tools. Tbh all the gurus, course sellers etc should be shouted down and ridiculed and I'd include mentors in my description. Perhaps signal subscription services are the most 'honest' offering on the basis that you can't teach trading over the web, with signals you get what it says on the tin, signing up for a collective members signal at circa thirty quid a month (with only a month on month subscription) is the least dishonest of trading services around IMHO.

Quoting diceman555
dont you think part of the learning curve comes from exploring all the avenues,certainly for me i had to go through each stage,which included systems,gurus,and ultumitly 6 years of watching price.some are much quicker in ther understanding and learning capacity.but i believe eventually anybody can get this .it has idiosnycracies which in time you can clearly see.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #898
  • Apr 22, 2012 4:13pm Apr 22, 2012 4:13pm
Quoting Spreadbetter
Yes we do have to bruise our knees and hearts in order to become proficient, were I take exception is when posters use free to air forums as cheap marketing tools. Tbh all the gurus, course sellers etc should be shouted down and ridiculed and I'd include mentors in my description. Perhaps signal subscription services are the most 'honest' offering on the basis that you can't teach trading over the web, with signals you get what it says on the tin, signing up for a collective members signal at circa thirty quid a month (with only a month on month...

cant argue with that,
  • #899
  • Apr 22, 2012 4:20pm Apr 22, 2012 4:20pm
Quoting bluesteele
So yes you can ask traders to pay so long as your a commercial member.

It happens all the time on here usually starting in the trading systems forum.
And you don't even need to trade live account or show any actually results to the desperate!

14 Year Old Forex Trader's Lessons

It takes a lot for me to IGNORE you, but you can try.
  • #900
  • Apr 22, 2012 5:09pm Apr 22, 2012 5:09pm
Quoting Erebus
And you don't even need to trade live account or show any actually results to the desperate!

14 Year Old Forex Trader's Lessons


Years back, mate lost 100K paying $400 a month to a Pro Stock tipper, she loved him all the way to the end to, the odd lucky win is all people remember and is needed, we got his site closed down and he already had a 2nd one running parallel to the first 1 exactly the same and likely others just incase I guess.

There was 1 on here ages back I followed his method, entrys worked great but he closed pip perfect best price of the day every time, without perfect after the fact entrys ofcourse entries alone just don't cut it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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