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bad broker..The worst of the worst ..reprise

  • #41
  • Jun 9, 2006 5:31pm Jun 9, 2006 5:31pm
Quoting Rusty_forexman
Mate if a guy came into your corner store and stole a bottle of milk each day, would you give him the 'benefit of the doubt' for 45 days straight?? Mate - i would have clubbed over the head with my cricket bat on the 2nd day....
you are f**king hilarious!!!!
Relax and be happy.
  • #42
  • Jun 9, 2006 5:39pm Jun 9, 2006 5:39pm
Quoting merlin
turning 1000 bucks into a million in 18 months by trading retail forex is available to hardly no one. like i said, i have never met anyone who has done it, and i dont think anyone in any of the 3 market wizards books ever acomplished something like that. cotjam's post sounds sincere, and he didnt say anything that made me think he is a fake, but the return is just so unbelievable i have a hard time allowing myself to believe it. i mean we are talking a hundred-thousand %!!! if he really did that he should consider himself blessed, then he should move to NYC and work for Goldman Sachs. with that track record he would be in the door in 10 minutes with a 10million signing bonus.
To be clear...I PM'ed him about his technique, and he was kind and said he couldn't share it because it was really complicated to share...which totally makes sense.

He also mentioned that part of the money was his own...he STARTED with a 1000 account, but through a series of deposits he brought it to a point where he started trading larger amounts and then made 7 figures...what type of return he made, I don't know. But a 100K% is WAY wrong.
  • #43
  • Jun 9, 2006 5:53pm Jun 9, 2006 5:53pm
i just read a few emails from smjones, and he got me thinking that we should require proof of this incident. cotjam only has one post, and there are some points that smjones made that made me think maybe this is not for real and could be a prank. if this is untrue then it is totally unfair to interbank to have this thread up. i mean if cotjam were a long time member that we all knew it would be a different story, but we cant allow just anyone come on here and make any allegation they want, they could be a competitor or something!

does anyone have a contact at interbank that they can ask about this? cotjam, are you able to provide proof of your complaint?
Relax and be happy.
  • #44
  • Jun 9, 2006 6:53pm Jun 9, 2006 6:53pm
Come on guys, we should all admire the brokers for being so kind and altruistic.



You give them 1k and they give you 199k (1:200 leverage) for an unlimited time, and all they ask is 2-3 pips (a better loan than my mortgage…).



Just think of that generosity! They are giving away billions of $$ just to make us happy and successful traders. (They want us to be millionaires!)
  • #45
  • Edited Jun 10, 2006 12:50am Jun 9, 2006 9:23pm | Edited Jun 10, 2006 12:50am
Quoting Rusty_forexman
Firstly, Can i say - dude if your going to have the same thing happen to you for 45 days straight - then you probably were dropped on your head as a baby, and need your head washed out with bleach.
Quoting Rusty_forexman

Also - can i say - there is no way im gonna believe this garbage about someone that dumb, turning 1000 bucks into 1mill in 18 months. And dont give me this crap about him giving people the 'benefit of the doubt.'

Mate if a guy came into your corner store and stole a bottle of milk each day, would you give him the 'benefit of the doubt' for 45 days straight?? Mate - i would have clubbed over the head with my cricket bat on the 2nd day....

And yes it is a conspiracy - cause the guy who posted the original post in here, has only one post to his name....Then some other dude comes out of no where and alledgedly 'knows him' and praises him as the king of trading.

- Can't stand conspiracy theorists...especially scaring people out of using brokers, just cause they can't stand the heat in the forex world.

Sorry guys for being so hostile, and I'm not usually like this, if you can tell from my previous posts - but your not going to expect me to believe you for a second are you? And also - want a lil bit of proof before you go and slosh some figures like that around the room and lead other newbies on.

Cheers

Rusty

P.S. Great story



Rusty... your an idiot. Sorry man... but the milk story is dumb. I'm only being that blunt because YOU called ME out. You didn't get the point. You obviously have never been faced with the kinds of decisions that CotJam was during those days. You probably never will.

If you believe (and it is obvious from your past posts) that a couple points a day is possible, but not over an extended period of time, then you just don't 'get' it.

There is a reason people with real money, who trade for a living don't frequent these boards... I've just learned it.

Quoting merlin
turning 1000 bucks into a million in 18 months by trading retail forex is available to hardly no one. like i said, i have never met anyone who has done it, and i dont think anyone in any of the 3 market wizards books ever acomplished something like that. cotjam's post sounds sincere, and he didnt say anything that made me think he is a fake, but the return is just so unbelievable i have a hard time allowing myself to believe it. i mean we are talking a hundred-thousand %!!! if he really did that he should consider himself blessed, then he should move to NYC and work for Goldman Sachs. with that track record he would be in the door in 10 minutes with a 10million signing bonus.


Merlin, if you read his post, and our followups, you'll notice that some of that money is extra deposits made after he was confident in the system. You will also be interested to know that it actually happened MUCH faster than 18 months. Our first year in the business was just like everyone else... thinking we 'figured it out' only to get squashed bythe market.

Look, merlin, scott, mrmikal, I have total respect for you all. I understand why you wouldn't believe this based on the comments you've made. Maybe Jim will figure out how to prove it to you, or decide to even care whether you buy it or not.

Scott, you're local... why don't we all hit the golf course, and you can look at the accounts. Not only that, my guess is that he will show you the lessons he learned along the way. He is an easy going guy, who posted with the best of intentions after serious consideration, in an effort to save anyone else from making the same mistake he made. Scott, let him tell you exactly what he does, you'll find that the reason we don't share it, is not because its some holy grail, but because it is complicated, and requires attributes that most people just don't have... like the ability to believe you can succeed at that level.

I will promise you this, you will leave that meeting a new trader. You will no longer believe that big returns are impossible. I've seen it over and over. You would be blown away by the number of guys in this valley that don't have jobs anymore becuase of what they've learned from Jim. Whether you can duplicate what we do is another story. You sound like a really smart guy, so my guess is that you can.

I'm probably talking out of turn here... because frankly, Jims not the kind of guy who really gives a $hi t what people like Rusty think. Broke people will usually stay broke, dumb people usually stay dumb. It's an unfortunate fact of life.

Because Scott has about a billion posts here... maybe you'll believe him, or not, it really doesn't matter. The general attitude has turned all the guys we trade with off this board anyway. That's too bad, because there could have been some nice give and take.

Scott, PM CotJam, (Jim) tell him about my (this) post, or PM me. Set up lunch or a golf game, or whatever with us both. Hell, lets meet on the steps of the IBFX building. We trade mobile. I'll get Jim to bring along the 'proof' you think you need. You seem like a nice guy, and your local... it would be nice to see another local guy successful. That's the ONLY reason I can think of why Jim would take the time in the first place.

Then, next time someone comes along who really has something to offer, maybe you all will dial Rusty down a notch or two, get him back on his meds, and see if there is anything you all can learn.. or teach.

One Last Thing: Guys like rusty think that you are doing the newbies a favor by telling them that this kind of growth is impossible. I thank my lucky stars that I never read anything like what is posted on these boards when I was getting started, or my balance sheet would look a whole lot different. Here is the deal:

You get what you ask for in life. If you ask to be shot in the head, you'll get your chance. If you expect to fail... you will. If you complain about how horrible your job, wife, kids, life are... they will be. (then you'll end up like a grumpy and bitter Austrailian we all know).

On the other hand, if you expect success, it will find you. If you notice the joy, and the bliss in your life... you will find it is everywhere. Don't even expend the effort looking. Create that absolute intention in your mind, and IT WILL FIND YOU... in what ever quantity, and quality you want. You get what you ask for... every single time... so you might as well ask for what you want. Just make sure it's what your really want before you start asking. And no.. Rusty.. I can't prove this to you.. sorry... but YOU can prove it to yourself. Give it a shot 'mate'. I truely hope you do.

Peace: OUT:
  • #46
  • Edited 10:08pm Jun 9, 2006 9:53pm | Edited 10:08pm
Quoting joneborn

Broke people will usually stay broke, dumb people usually stay dumb. It's an unfortunate fact of life.
hahaha, You said it buddy!

Next time your mate gets hit by a car on 45 consecutive occasions....tell him to start looking left, then right - before he crosses the road.
  • #47
  • Jun 9, 2006 10:52pm Jun 9, 2006 10:52pm
Not that my opinion really matters, but, I'm with CotJam and Joneborn on this one. I've already posted that my trading friend with a $300k account with interbankfx has experienced the IDENTICAL problem. He told me after reading the post that he could have written it word for word. I'm intimately aware of his problems with IBFX and can corroborate CotJam's problems.

Second, I have to say I'm quite tired of the cynicism on these posts. If you look at Moneytec and StrategyBuilderFX, you notice that a lot of the respected posters eventually quit posting. Something needs to change on these forums to attract these kinds of people, not tee them off and chase them away, leaving the forum to newbies and others.

I realize there's a need to balance here to keep the garbage from getting in, but, if someone purports to be successful at Forex, let's be as encouraging and helpful to the person as possible so that they are willing to share their success. If their success isn't corroborated, well, then we know what kind of traders they really are, but after doing respectful due diligence.

If I were you guys who run this forum, I'd be contacting CotJam personally, verifying his account, and seeing if he's willing to allow you to create a tutorial or case study on his system. Now that would be the way to leverage a successful trader. That's much better than allowing their reputations to be massacred in a public forum. A little respect paid to everyone goes a long way.

For CotJam and Joneborn, I have an alternative for you than trading with one of these lousy brokers. PM me when you have a chance.
  • #48
  • Edited 11:18pm Jun 9, 2006 11:11pm | Edited 11:18pm
Quoting stockwet
If I were you guys who run this forum, I'd be contacting CotJam personally, verifying his account, and seeing if he's willing to allow you to create a tutorial or case study on his system. Now that would be the way to leverage a successful trader. That's much better than allowing their reputations to be massacred in a public forum. A little respect paid to everyone goes a long way.
Definately well put. I totally agree.

I for one, would like to promote the better well being of traders in the forex world.

The problem i have with traders making claims about earnings. etc. - that are, quite extroadinary (whether being true or not) - without backing them up with evidence ..... Is that they can also be misleading, especially to our newbie friends who are here to seek our help.

I think these type of forums are not only for advanced traders to share ideas with other traders, but a forum for novice and beginner traders to venture and seek out ideas as well as advice.

I believe making claims of particular earnings within a certain time period - can lead to trouble especially for newbies, who get misguided. I'm not saying that these things arent possible....my previous posts in previous threads have vouched for that. But I believe giving newbies and traders a like, some kind of SOUND guidance, is one of greater advice.

You might have also seen me pass on a few messages to people who bash brokers (borkers) .... It is unfortunate that this occurs, as traders have to learn, especially newbies - to take responsibility for whatever happens in the forex world. Even if a con is a con, you cannot be led to a con, if you've done the research before hand.

I think the administrators of this site - should create a policy - of giving some sort of documental proof, that we can consider, before people post allegations and comments that can be damaging. Whether those comments are said with good intention or not.

For all i know this Cotjam guy, is a real person living in the forex world - and he could be as successful as he says - and he could have the same experiences as he has said. And - if thats the case - i thank him for making us aware of the situation.

But, until there is some sort of proof of such allegations in front of me - im going to be quite upfront and direct with what I say, if i think your full of S**t.

Cheers

Rusty
  • #49
  • Jun 9, 2006 11:29pm Jun 9, 2006 11:29pm
Rusty,

You are right on. I think threads like these should be deleted. They will not help anyone. If it is not true, it could hurt someone. Like the borker being accused. If I got fired from my job,(working at a hotel), and they pissed me off, it would be totally wrong for me to go around saying the hotel is infested with mice or roaches.
JOHN 3:16
  • #50
  • Jun 10, 2006 6:58am Jun 10, 2006 6:58am
joneborn,

Thank you for your offer,

I will discuss this with Merlin and have sent you a PM

Thanks Scott


Quoting joneborn


Rusty... your an idiot. Sorry man... but the milk story is dumb. I'm only being that blunt because YOU called ME out. You didn't get the point. You obviously have never been faced with the kinds of decisions that CotJam was during those days. You probably never will.

If you believe (and it is obvious from your past posts) that a couple points a day is possible, but not over an extended period of time, then you just don't 'get' it.

There is a reason people with real money, who trade for a living don't frequent these boards... I've just learned it.



Merlin, if you read his post, and our followups, you'll notice that some of that money is extra deposits made after he was confident in the system. You will also be interested to know that it actually happened MUCH faster than 18 months. Our first year in the business was just like everyone else... thinking we 'figured it out' only to get squashed bythe market.

Look, merlin, scott, mrmikal, I have total respect for you all. I understand why you wouldn't believe this based on the comments you've made. Maybe Jim will figure out how to prove it to you, or decide to even care whether you buy it or not.

Scott, you're local... why don't we all hit the golf course, and you can look at the accounts. Not only that, my guess is that he will show you the lessons he learned along the way. He is an easy going guy, who posted with the best of intentions after serious consideration, in an effort to save anyone else from making the same mistake he made. Scott, let him tell you exactly what he does, you'll find that the reason we don't share it, is not because its some holy grail, but because it is complicated, and requires attributes that most people just don't have... like the ability to believe you can succeed at that level.

I will promise you this, you will leave that meeting a new trader. You will no longer believe that big returns are impossible. I've seen it over and over. You would be blown away by the number of guys in this valley that don't have jobs anymore becuase of what they've learned from Jim. Whether you can duplicate what we do is another story. You sound like a really smart guy, so my guess is that you can.

I'm probably talking out of turn here... because frankly, Jims not the kind of guy who really gives a $hi t what people like Rusty think. Broke people will usually stay broke, dumb people usually stay dumb. It's an unfortunate fact of life.

Because Scott has about a billion posts here... maybe you'll believe him, or not, it really doesn't matter. The general attitude has turned all the guys we trade with off this board anyway. That's too bad, because there could have been some nice give and take.

Scott, PM CotJam, (Jim) tell him about my (this) post, or PM me. Set up lunch or a golf game, or whatever with us both. Hell, lets meet on the steps of the IBFX building. We trade mobile. I'll get Jim to bring along the 'proof' you think you need. You seem like a nice guy, and your local... it would be nice to see another local guy successful. That's the ONLY reason I can think of why Jim would take the time in the first place.

Then, next time someone comes along who really has something to offer, maybe you all will dial Rusty down a notch or two, get him back on his meds, and see if there is anything you all can learn.. or teach.

One Last Thing: Guys like rusty think that you are doing the newbies a favor by telling them that this kind of growth is impossible. I thank my lucky stars that I never read anything like what is posted on these boards when I was getting started, or my balance sheet would look a whole lot different. Here is the deal:

You get what you ask for in life. If you ask to be shot in the head, you'll get your chance. If you expect to fail... you will. If you complain about how horrible your job, wife, kids, life are... they will be. (then you'll end up like a grumpy and bitter Austrailian we all know).

On the other hand, if you expect success, it will find you. If you notice the joy, and the bliss in your life... you will find it is everywhere. Don't even expend the effort looking. Create that absolute intention in your mind, and IT WILL FIND YOU... in what ever quantity, and quality you want. You get what you ask for... every single time... so you might as well ask for what you want. Just make sure it's what your really want before you start asking. And no.. Rusty.. I can't prove this to you.. sorry... but YOU can prove it to yourself. Give it a shot 'mate'. I truely hope you do.

Peace: OUT:
  • #51
  • Jun 10, 2006 7:31am Jun 10, 2006 7:31am
Quoting joneborn
One Last Thing: Guys like rusty think that you are doing the newbies a favor by telling them that this kind of growth is impossible. I thank my lucky stars that I never read anything like what is posted on these boards when I was getting started, or my balance sheet would look a whole lot different. Here is the deal:
i understand this point quite well. you get what you go for, or however you want to say it. it is possible to make a few million in this business, yes, but to make it sound easy is misleading. turning a thousand bucks into a million within 18months is plain old unreasonable. not impossible, but highly improbable. i am by no means the best trader, but i do know the struggle i had to go through to get to where i am now, and let me tell you it was extremely difficult. newbies need to know the difficulty so they dont have the wrong expectations. noone on these boards is saying you cant make millions, we are just saying its very hard (ie it aint gunna happen in 18 months!).

now, i understand that there were additional deposits made, i did not realize that earlier. so we are not talking about 100k% anymore, that makes this more plausible. like i said, if cotjam was able to achieve this kind of return, any big wallstreet house would pay him 10mil to trade on thier desk.
Relax and be happy.
  • #52
  • Jun 10, 2006 7:34am Jun 10, 2006 7:34am
Quoting stockwet
If I were you guys who run this forum, I'd be contacting CotJam personally, verifying his account, and seeing if he's willing to allow you to create a tutorial or case study on his system.
good point, and if smjones can get the verification done, this is exactly what we will do...a case study like this could be very valuable!
Relax and be happy.
  • #53
  • Jun 10, 2006 7:39am Jun 10, 2006 7:39am
Quoting stockwet
I realize there's a need to balance here to keep the garbage from getting in, but, if someone purports to be successful at Forex, let's be as encouraging and helpful to the person as possible so that they are willing to share their success.
see the problem is that we have guys coming on here all the time making all kind of claims. so we have developed thick skin over the years. its like the boy who cried wolf...sure CotJam could be the "truth", but we have been fed "lies" for so long that we dont beleive anyone anymore when they make extrodinary claims in their opening posts.
Relax and be happy.
  • #54
  • Edited 11:15am Jun 10, 2006 10:59am | Edited 11:15am
Quoting joneborn



One Last Thing: Guys like rusty think that you are doing the newbies a favor by telling them that this kind of growth is impossible. I thank my lucky stars that I never read anything like what is posted on these boards when I was getting started, or my balance sheet would look a whole lot different. Here is the deal:

You get what you ask for in life. If you ask to be shot in the head, you'll get your chance. If you expect to fail... you will. If you complain about how horrible your job, wife, kids, life are... they will be. (then you'll end up like a grumpy and bitter Austrailian we all know).

On the other hand, if you expect success, it will find you. If you notice the joy, and the bliss in your life... you will find it is everywhere. Don't even expend the effort looking. Create that absolute intention in your mind, and IT WILL FIND YOU... in what ever quantity, and quality you want. You get what you ask for... every single time... so you might as well ask for what you want. Just make sure it's what your really want before you start asking. And no.. ... but YOU can prove it to yourself. Give it a shot 'mate'. I truely hope you do.

Peace: OUT:
Oh My God!!!

This guy just doesnt give up....he even went back and edited his post.

Please leave the subject alone - I am well and truley over it...

Good trading to you - MATE!

Quote
Rusty.. I can't prove this to you.. sorry


This is all the proof i and all the newbies, novice and professional traders in this forum need..

Cheers

Rusty.
  • #55
  • Jun 10, 2006 1:49pm Jun 10, 2006 1:49pm
If you guys go through and actually read the posts on this you sound like 6 year olds fighting and tattling on one another. Grow up! Jim, Jon, and I shared our experiences with you guys. If you dont appreciate that, GET THE HELL OFF THIS POST!!! All you guys on here talk about how the market doesn't allow huge returns quickly. BS!!! My opinion is that you guys are afraid of the market. I understand that because it is scary but that doesn't mean you have to be afraid.

I'm willing to bet Jim will never post on this site again. I don't blame him. You guys have all acted immature and probably pushed him away. I know I'm not gonna stay on this post. Every time I post that I had good returns it just gets shot down. Do you want my monthly report when I tripled my account in one month?

This site doesn't promote trading it discourages it! So I say to you all(I won't mention names) think about what you say on here. Good traders will never come here and talk to you guys. Good for them. I think I should start a post on here that says stay away from ForexFactory and the proof is right here in this post! Don't believe us, I don't care, Jim doesn't care, and Jon doesn't care. We told the truth and tried to help others out. If we are wrong for that, then so be it.

Edited for spelling and puncuation.
You don't lose money in the market, you lose time. - Jim Cottrell
  • #56
  • Jun 10, 2006 2:11pm Jun 10, 2006 2:11pm
Ok, that is about all that is necessary. I am going to lock this thread until this is resolved...

I have not received any kind of an answer to my PM... Please let me know when this will happen. Until then lets all calm down..

Thanks Scott
  • #57
  • Last Post: Aug 21, 2018 12:45pm Aug 21, 2018 12:45pm
Hi
finally I must warn of the broker Utrade.com also en.Utrade.com
After finding out that I was tricked to open an account with 250$ I made a mail that I will not use this Service and withdraw my funds.
It is now About 6 weeks that they promise to make the withdrawal but Nothing happens. I only found out now that my account was emtied!
Thex just stole the noney.
BTW tihis broker is unregulated on the Marshal Islands and makes the dalse Claim to be sitting in englamd.
Stay away by all means.
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