The attacks on commercial members by sgpbufet

I am starting this thread to counter the offensive attacks by Sgpbufet, suggesting that any commercial members who do not link a explorer account or fx book account are either scammers or fraudsters:

I want this to be open fair and honest, so I will disclose that I am a member of the following FF commercial members:

IFMYANTES readthemarket.com
LJ's traders guild
Alfonso's set-and-forget

Plus other non commercial teaches here, who are gracious enough to share knowledge:

I understand sceptics voicing their concerns. However from my experience with dealing in the investigation of scams and fraud in my day job it seems most of the commercial members activities and ones who have been around do not fit the modus operandi of such fraudsters (look at their history here etc) , I have seen these teachers place live trades over and over again (not in hindsight). I have also witnessed students who are also doing very well trading their respective methodologies .

Why is it so hard to believe that traders would like to become educators. I would, purely to hedge my risk against trading as my only source of revenue. Its only sensible to have additional revenue streams protecting your business model.

Ladies and Gentleman, these teachers are offering a product and if its rubbish, or a scam it will become apparent ! Im sure many of the teachers I have mentioned would have been found out or reported by their members if they were scammers.

THE SKY IS NOT ALWAYS FALLING

I am starting this as a thread for commercial members and their students to have a right of reply against SGPBUFFETS claims.

Good trading all.

Thank you Chica.

The last few days I had filled few complaints about sgpbufet to FF moderators. So far i received no responds.
Apparently FF too busy to moderate their own forums or they think sgpbufet is legitimate.

I urge anyone wished to keep FF a place dedicated to learning and sharing knowledge,to file a complaint about the unacceptable behavior of sgpbufet.

here is the to contact FF:
http://www.forexfactory.com/contact.php


I also take this opportunity to urge FF to take action and silent this vulgar guy.

I am publishing my complaint I filed few days ago, and still waiting for reply. (please excuse my English):

I would like to file a severe complaint about a username "sgpbufet".

This member is violating your forums Code of Cunduct:
http://www.forexfactory.com/userguid...hip-trader_coc

Violation of Code I - Focus on trading.
The member just wonder around many threads publicly ruthlessly request for information people wish to leave descreet, and use inproper language over and over:
exp 1: http://www.forexfactory.com/userguid...hip-trader_coc
exp 2: http://www.forexfactory.com/showthre...00#post7302900
exp 3: http://www.forexfactory.com/showthre...14#post7302914
exp 4:http://www.forexfactory.com/showthre...49#post7302349

Violation of Code II - Respect fellow traders
As seen in the prior samples, this member activity is dedicated to discredit fellow traders and thread owners, by public humiliation and disrespect.

he never ask polite or in discreet before, and jump into conclusions that cause damage to other traders reputation!

Violation of Code III - No Bickering
This Member come to argue. nothing of his request being answered are appropriate for his cause. it seem he wishes only to argue. I have seen many discussion with him, and he is never respect any answer he get, and only become more rude and bullish.

The member had created a thread to discredit others hard achieved work. he is doing so easily with out any disruptions from the forum moderators.

My opinion is that many other members and thread leaders - which dedicate their time for sharing with FF community knowledge, should be more important then a destructive personality running around ruing everything in his way.

despite all violations of the COC, Its not Forex Factory spirit to let this user continue this type of behavior activity.

I kindly request you apply action about this user.
http://www.forexfactory.com/sgpbufet

I can supply many more evidence of violation for COC.

Thank you for keeping Forex Factory forum atmosphere dedicated for those who seek to teach, learn and share, and keeping away those who aren't.

Regards,

Gil Ben Hur

Hopefully with this open letter FF will take action, and this thread will never reach its second page...

well well....

lets see here shall we....

1) if I really had 8058 posts of garbage then I wouldn't have 132 subscribers versus your 3 would I, and clearly you obviously have not read my posts and know nothing about trading if you think they are all garbage.

2) dreamer of being profitable? I have been trading since early 90's it is how I make a living and an extremely nice one at that, am I just saying that... no some members here have met up with me in person - what about you mr troll?

3) upset because you banned me? - not a chance, but I find it super stupid bearing in mind my post didn't disagree with you and just commented on the way you were going about things and yet you banned me instantly along with anyone else that does not agree with you - why is that such a problem? because you were complaining yourself about getting banned from threads because somebody doesn't agree with your post - so go figure that Mr DO AS I SAY NOT AS I DO......

Now lets consider your actions shall we....

You think that you are cleaning up the commercial thread by going around demanding trade explorers, but in reality you are self-defeating because you have gone about it in such a rant and rage that you now have zero credibility.... You completely miss the point that trade explorers really prove very little they may not even be from the system being sold etc. and bigger value traders have completely different accounts to retail and couldn't link if they wanted too.....

You claim that somebody who sells training but does not trade themselves are frauds - that is such a stupid statement I really do not know where to begin... there are many noobs who would like to learn basic systems, basic trading skills, etc. does that require a trader explorer, of course not, etc etc.

You seem to have it in your head that anybody selling anything that does not have a trade explorer for it is a fraud, yet that is so far from reality....

But most importantly you have posted nothing but these rants on FF you have offered no trading insight, no knowledge, no credentials to even make all these wild accusations except that you have probably been burnt by some fraudsters I am guessing...... so when you talk about garbage posts go read own.....

Does that mean I think all the commercials posters are good guys? well as I said before if you had taken the time to read my first post to you instead of just banning me, I don't know. I am sure that some of them are outright frauds and where I see that I have called them out, but I am also sure that some of them are good guys with genuine products, and the rest fall in the middle, nice guys with a product to sell but the product is not up to much.

More importantly, I also disrupted a true criminal conman at work here and saved a lot people a lot of money his private room was full of noobs eager to handover the cash. But I was able to expose him because of my contacts in the trading world meant I could prove he did not hold the corporate trading positions that he claimed.... so if you think I am on the side of scammers and fraudsters you couldn't be more wrong...

and I will tell you something else that is wrong --- you creating multiple accounts which is normally the first sign of a scammer and firmly against the rules of FF.

So instead of arguing and banning anybody that posts the slightest question mark about your activities (like all good scammers do) why don't you try opening your ears for a change oh and maybe offering something to FF members other than your rantings.... have you even the slightest idea how to trade yourself? is that why you got scammed maybe?

edit: I am not a commercial member nor a student but this seems the right place to put this reply

you should send him the link to this thread so he can make any reply should he wish

Finally I got reply from FF moderator.

I must say I am very disappointed with their answer.
i will not post it ATM, because I replied them back, asking them to re-consider their action.

Once it resolve with FF moderator, I will update you guys.

I kindly ask you to keep reporting sgp vulgar posts, and to file complaints, until this guy is away from this forums.

This thread should be in the commercial section, the members in question cannot contribute here

commercial members are not robbing any one, they bring a product and ask people to verify facts and then get involve, how come they be called scammers?

these days we have verify results of every account, if people are dumb enough to not do research and get into some thing silly, then all commercial members are not supposed to be blamed.


Infact commercial members should have rights to post in all sections, why to restrict them?

I agree with you. Infact some so called commercial members in here are traders that grew up in ff to become professional and successful. It's only natural that once anyone become a pro he may provide premium services.

My my opinion is that FF should be proud for being a platform that both grow proffenality and host professional knowledge.

I would appriciate if FF let pros that run their business be more involved in more parts of the forums. Contribute their knowledge where it is relevant regardless they have a business aside.

In any other aspect in my life I take a pro opinion as a bench mark. For things I need and want, I have more credibility from those who do what they do for living. Only in FF they push them to a side corner suspecting them just because they make a living from the same thing most of us are here for.

For sure if anyone is here just to spamm and give no contribution restrict him. But many pros in here are capable for sharing treasurous knowledge. So let them be.

Well said. I have nothing against sgpbufet except his way of labeling any com member as a scammer because they don't do as he asks.
He is welcome to reply but I will refuse to get into a mud slinging match. I think if he went about things differently like taking a range of factors into consideration, he may than not see every com member who doesn't provide a statement as a scammer.
In fact there maybe a minority who are questionable and his intentions may be noble, but please vexatious claims against com members who have been here since the dawn of time who have many happy students, that's just not fair IMO until you get some kind of evidence to back it up.
His thread would be great if he applied these principles

I have been critical of commercial members and non commercial members posting so-called profitable methods without back-up. I have backed off significantly but I still maintain that such claims should be backed up in some manner, especially by commercial members. I am a member of RTM and acegazette (although I do not participate significantly in either one) and also James 16 which I do participate in more. None submit any "proof" BUT I have come to know the main players well enough that I "know" they are profitable. Specifically I "know" Mike (mbqb11) and Ifmyante are profitable traders and I wouldn't hesitate to given them a large chunk of cash to trade for me if I could. But I wouldn't know this if I hadn't spent the time I have in their threads and at their websites getting to know them and their trading.

The approach by sgpbufet is deplorable but if done in a more polite manner would actually be defensible to a point. Every trader really should do their own homework and study the methods touted by commercial members. Let's be honest; most couldn't trade to save their lives. I am convinced that most are just looking to make money off the memberships or from purchasing strategies. And it is these members who give "credible" members a bad name.

It is unlikely that even if a commercial member were to publish an absolutely rock-solid verifiably profitable method that sgpbufet or any other wanna-be trader would be able to come along and trade it profitably straight out of the box. But it would be nice to know that a method is potentially profitable.

Hey Winston,

Thanks for your view on the matter. You make valid points.
Also enjoy reading your posts in other threads mate, you always seem to have your head screwed on correctly.

This is how a scam looks like.



The United States Commodity Futures Trading Commission (CFTC) definitely has an eye to detect scams in the Forex sector and its latest actions against a California citizen and her companies reiterate this ability of the regulator. On Thursday, the watchdog announced that it had pressed charges against Melody Nganthuy Phan and her three companies - My Forex Planet, Inc. (MFP), Wal Capital, S.A. (Wal Capital), and Top Global Capital, Inc. (TGC), over a $3.7 million Forex fraudulent scheme. More interestingly, Forex training is at the core of the fraud. Well, fellow traders, we've lived enough to see this too – there's no official Forex education while false and misleading Forex training is here and is booming.

The regulator has found that from January 2009 to February 2011, Phan held a series of training sessions during which it convinced students to invest in accounts with her firms. The claims by Phan can be defined bluntly as lies. She presented herself as a super successful Forex trader with extensive experience, while indeed (as the CFTC has found) she had lost more than $1.4 million in accounts under her management. Her strategy was described as robust and safe, offering guaranteed profits. Visitors of the Forex courses were misled to invest a total of $3,764,214 – these were misappropriated by Phan and the other defendants.

As a result, the CFTC charges the fraudsters with running a fraudulent Forex scheme and running an unregistered commodity pool operator. The regulator seeks a raft of penalties against the defendants, including: restitution payments to the affected clients, civil monetary payments, trading and registration bans, as well as a cease-and-desist order. The latter, as you perhaps know, means that the fraudulent activity should be halted immediately and should not be repeated ever.

The issue at stake here is way deeper than just an individual action by the US regulator. We see what the consequences are from the lack of officially recognized Forex education. It's high time that educational institutions think hard and offer courses and programs on Forex trading. How about a full-blown university course on that? Just a suggestion.


http://www.forexbrokerz.com/news/cft...fraud-training

Let's get real - most of the people in the commercial section deserve what they get. While I'm making a (very) rare exception for IF's RTM, other services like Alfonso's used underhanded tactics to get your money and continue to operate in that manner while somehow getting a steady stream of idiots to pay up. Let's analyze how most of them are initiated:

1) Set up a free thread and promise everybody you just want to "give back" to the community...
2) Gradually amass a crowd of rabid fanboys who will defend you regardless of what you do...
3) Once a sufficient number of suckers has been corralled, pull the bait and switch operation by demanding that people sign up for your outside paywall website.
4) Act like a victim when people complain about it and claim that everything is still "free" while at the same time insinuating there is just one more piece to complete the puzzle if you buy the premium package...

If you set your business up like this, you deserve to get whatever crap you do, even from people like tsgpbuffet, because you are a sneak and with every likelihood, a fraud, who can't trade your way out of a paper bag. You justify your wasted years of trying to do so by selling hope to newbies.

Dear duplicate account commercial member,

You're not fooling anybody. It is the seller's burden to prove that they have something worth selling to the consumer. They're called scammers because I'm certain that about 99.9% of them are. Those who can, trade. Those who can't, pretend they can trade and sell programs. There are a scant few exceptions to this rule who can trade and choose to teach, but they aren't many. Commercial members should absolutely NOT have any more privileges than they already do; in fact, if it were up to me, you'd have to DECLARE your account type before you register and if you pull any sneaky bait and switch threads you get all your content deleted. ForexFactory has been very wise in their approach to commercial members and that's why this forum is still fun to visit, as those with alternative intents are removed from the general population and placed where they belong. I was delighted to see that they listened to the community and barred commercial members from earning influence rankings.

Twee has graciously moved this to commercial section. Hopefully comm members can now have a chance to reply to accusations if they so wish.

Chica,

People have the right the know whether a product they're buying is worth their hard-earned money. Perhaps sgpbufet could be a bit more diplomatic, but
his point is valid - commercial members should post results. Yes, I know the rules , commercial vendors are not required to have trade explorer results posted.
Perhaps that rule should be altered. I recall a poster named "jacko" conned a lot of folks out of their money. After that fiasco, everyone here should be a bit skeptical of claims. It's not enough to just say "let's all be nice and don't name-call". Sorry, people who advertise their services do have the burden of proof - they're asking us to hand them our money, we are entitled to know what we're buying. Kanzler is completely correct on that. If I go to doctor, I expect him/her to actually have an MD degree and be board-certified.

To be honest, I don't put much trust in vendors selling forex products. My attitude is "if you're so successful, why do you need my money?"After all, I don't see any traders from Goldman or Deutsche selling anything on FF. Now, maybe I'm wrong, maybe there are some honest vendors just trying to sell good products. But they need to earn our trust because forex is rife with unscrupulous people. Posting live results would be a huge step in the right direction.