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Scammers - Hall of Shame

  • #1,321
  • Jan 26, 2015 8:06am Jan 26, 2015 8:06am
Quoting SAMKing
{quote} All it shows is about a luxurious life not how they have started or their challenges and so on and most importantly the network which these people have or their information source. most likely this movie has created by the fund of one of these scam brokers or signal sellers. Documentary of real business men who developed something is not like this. These are for the people who think the movies like "the wolf of the wall-street" is based on reality not exaggeration in a typical Hollywood product.
You said
Forex itself is a fishy business, I have never ever ever seen a successful person in this market . The only guys who are successful are the market owners.

And now you see traders which have a luxurious life.
Now you want how they started, network which have, their information source.

Majority they started learning and trading at their own expenses , build a history trading statement, having good result.
After you have a good statement, start collaborate with a proprietary trading firm, or start manage money other people etc..
But you must be a very good trader.
  • #1,322
  • Jan 26, 2015 8:15am Jan 26, 2015 8:15am
Quoting SAMKing
{quote} yes, You are right, but my talk is with all these who claim they are successful. Maybe I am mistaken. They can at least provide a picture of their successful consecutive trades?
Who exactly are you talking about...and more precisely, what is it that they are claiming? I am not sure I follow your logic when you talk in general terms....
Plan, Prepare, Execute, Repeat
  • #1,323
  • Jan 26, 2015 8:33am Jan 26, 2015 8:33am
Quoting SAMKing
{quote} yes, You are right, but my talk is with all these who claim they are successful. Maybe I am mistaken. They can at least provide a picture of their successful consecutive trades?
A picture with my results of trade for this month.
But I not sell anything, and not claim anything.
Because I don't want to put more picture or more proof.
And now back to trading.


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  • #1,324
  • Jan 26, 2015 8:38am Jan 26, 2015 8:38am
Quoting Tim_isoara
{quote} A picture with my results of trade for this month. But I not sell anything, and not claim anything. Because I don't want to put more picture or more proof. And now back to trading. {image}
Put a picture of your MT4 trades not this. By this you are actually advertising your broker.
  • #1,325
  • Jan 26, 2015 8:51am Jan 26, 2015 8:51am
Quoting SAMKing
{quote} Put a picture of your MT4 trades not this. By this you are actually advertising your broker.
Last picture. My trades.

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  • #1,326
  • Jan 26, 2015 9:05am Jan 26, 2015 9:05am
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Okay...me too. Gains since January 5th. Too many trades to fit in shot on the left, but the result is there.

Same as above. Not selling, not bragging. Just trading.
Wealth comes from what you keep, not what you earn
  • #1,327
  • Jan 26, 2015 9:24am Jan 26, 2015 9:24am
Quoting Tim_isoara
{quote} You said Forex itself is a fishy business, I have never ever ever seen a successful person in this market . The only guys who are successful are the market owners.
That's a bit extreme, the proportion of losers among forex traders is roughly in line with Pareto distribution of income. Firms like FXCM do not take the other side of their clients trades (as their recent catastrophic losses on their clients CHF exposure show). But still they somehow manage to take 3/4 of their customers equity within a year or so. In order to do that, it is sufficient to charge the client just $4.00 per 100k plus extend the huge leverage. Leverage is the key here (see the FXCM lobbying for it, because it not only enforces overtrading (tiny stops defying anyone's forecasting ability), but also boosts return on capital for those forex firms. FXCM's commish would be only 1/25000 if you needed no leverage and could afford a full currency lot. Since the client only has on average around $4k and tends to max out her buying power, that amounts to 4/4000 or 0.001, that is 10 extra pips. Would you trade a currency with a spread as wide as that? You do if you are using 25:1 leverage (and I'm sure - even know some relatively well educated people - who admitted using the full monte leverage of 100:1 - treating it more like a lottery ticket

The $25k pattern day trader minimum capital requirement in U.S. equities it there partly to prevent you from using high leverage and falling prey to churning of your captial by the greedy brokers... And stock CFD's are of course the brokers attempt to circumvent that regulation and churn you sensless. It's not much different from the loan sharks industry - they make indecent amounts of money from extending leverage to those who cannot afford to participate in the legitimate economy (collateralized bank credit or the stock market).
  • #1,328
  • Edited Jan 28, 2015 5:53pm Jan 27, 2015 8:07pm | Edited Jan 28, 2015 5:53pm
What's funny with this broker trade explorer

http://www.forexfactory.com/tomas.v#89

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From losing trade to magically profitable can be done if you are from broker side

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For the record before it's altered

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  • #1,329
  • Jan 29, 2015 12:45am Jan 29, 2015 12:45am
Yeah, I have the same conclusion KEN A, saw Thomas had two Short EUR/USD trade for 50% DD and then one of his order miracally became an opposite order and was closed for a juicy profit and the other trade just disapeared !!!


What to learn: Be very careful with New-Zealand based brokers, I found myself that many of them are very dodgy. The trap is that people tend to trust them as New-Zealand is more appealing than Bahamas however their regulation are still lacking...
Especially -->FX-EDGE !!!!
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  • #1,330
  • Jan 30, 2015 5:32pm Jan 30, 2015 5:32pm
SCAM ALERT !

BE CAREFUL WITH THIS BROKER AND THIS MEMBER

ALL THE TRADES WERE TYPED IN AFTER THE FACTS

To all newbies you have been warned

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  • #1,331
  • Feb 1, 2015 1:00am Feb 1, 2015 1:00am
scam alert http://www.forexfactory.com/showthread.php?t=468511
this guys back now as http://www.forexfactory.com/showthread.php?t=524280
Quoting spaceduck
{quote} Don't be rude come on.. Yeah me to i've seen this happen countless times on FF, somebody come out with claims of a way or a method that is profitable, every month end in profit, wow! This would be the first red flag. Then, we can see about all this profitable stuff is applied on intraday trading (wow again!). Second red flag. Of course, the 10 pips stoploss (superwow!) Third red flag. A secret formula of equilibrium/multidimensional stuff, (we still don't know what this is all about, so i can't say or deny a wow here). But, the fact that...

  1. mario777

I agree with you. In fact the way this thread is presented, i can remember John (exchangemarket101). I was scammed by him after 2 months of group discussion in skype and he never laydown his strategy, it just thinking, thinking, thinking why this price act this way, why do you think this way, etc.etc. Shame on me . I hope pinktrade is different person.

look how these members on that thread getting taking in on the hook . can a senior member suspend that guy ,or will he get away with it all again.

student
  • #1,332
  • Feb 1, 2015 1:48am Feb 1, 2015 1:48am
The red flags are there but I give him/ her a day or two then scream

SCAMMER !!! SCAMMER!!! SCAMMER!!!,
  • #1,333
  • Feb 2, 2015 12:42am Feb 2, 2015 12:42am
Regarding pinktrade, I have seen similar threads on romanian forums. A bunch of lies to lure naive people to contact him by mail and start private sessions on skype for a fee of course. It's always the same story, rich busy guy who rarely posts (because he is busy) but makes his email public (like busy rich business men do) claims he made a fortune from trading but can't back it up with trade explorer or myfxbook. If you read all his posts you will notice he knows the forum very well, recognises posters and knows their threads. Strange for a busy rich guy. He can also develop relationships for free, spending time with emails or skype until one day he asks you for a loan. Soon you realize he loaned money from several posters (even though he is the rich guy). If he gets caught and things heat up he might return the money but that's only after several weeks or months, time in which he probably received some payments from private sessions. After you confront him with his lies he will tell you that the private sessions SHOULD cost money because it's his time. He considers that even if you are a losing trader, you can still be a teacher and get payed for it. He considers that normal, and that's what he is aiming for.

I myself still consider the acts fraudulent, because it attracts "clients" with big fat lies, in an elaborate deception scheme. Fortunately ff has enough experienced traders who can smell a liar, but unfortunately there will always be one or two naive people who will fall for it.

Maybe pinktrade will set up an explorer to prove us wrong, but I highly doubt it.
  • #1,334
  • Feb 2, 2015 12:57am Feb 2, 2015 12:57am
Quoting garrye
look how these members on that thread getting taking in on the hook . can a senior member suspend that guy ,or will he get away with it all again.
Unfortunately the damage is already done as his email is public and he probably already made some contacts. If he stops posting it's even better for his cause, he will tell his new students that the thread got messy vith a negative vibe and he as a successfull rich trader will not waste his time any more with it, unless of course it's through emails or skype. Any new poster who claims he is rich very profitable and has stuff to share should be immadietly flagged as commercial, have pm blocked and email removed from profile or posts. He should be on constant mod review. Let him post ideas, set up an explorer, and unless he doesn't prove he is profitable, all users should be warned that there are high chances that he is a liar. If one sets up an explorer which proves his claims, I will respect him and won't mind if he charges for private sessions.
  • #1,335
  • Feb 2, 2015 2:05am Feb 2, 2015 2:05am
Quoting redgreen
{quote} Unfortunately the damage is already done as his email is public and he probably already made some contacts. If he stops posting it's even better for his cause, he will tell his new students that the thread got messy vith a negative vibe and he as a successfull rich trader will not waste his time any more with it, unless of course it's through emails or skype. Any new poster who claims he is rich very profitable and has stuff to share should be immadietly flagged as commercial, have pm blocked and email removed from profile or posts. He should...
just seen the bastards blocked you ,thanks for a great post and aheads up
student
  • #1,336
  • Feb 2, 2015 2:09am Feb 2, 2015 2:09am
Hi guys, keep up the good work.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,337
  • Feb 2, 2015 2:28am Feb 2, 2015 2:28am
The fact that this pinktrade guy can join FF this month and suddenly be propelled into the top 4% of FF members is exactly why I hate this stupid diamond rating system.

It's absolutely misleading and meaningless!
Wealth comes from what you keep, not what you earn
  • #1,338
  • Feb 2, 2015 2:40am Feb 2, 2015 2:40am
Quoting garrye
{quote} just seen the bastards blocked you ,thanks for a great post and aheads up
He claims I insulted him in a pm I sent. The translation of it is "if you are trying to fool people in order to make a buck, I advise you to stop and grow up". I also used 3 initials at the beginning. He thought those were offensive. They do not consist a word. They are the initials of a scammer I had met and works with same pattern. I do not insult people, no matter how low my opinion of them is. It was either a misunderstanding or he just made up a reason to remove me from the thread fearing I would warn others.

The bottom line is simple. Any decent profitable trader would brag with his trade explorer not with stories. Any busy rich man would not make his email public on his profile when all information to help traders can be shared on the forum and in exceptional cases in pm. So many red flags that I am almost digusted by the fact that some actually fall for it.
  • #1,339
  • Feb 10, 2015 10:21am Feb 10, 2015 10:21am
hello, can i post again about eitan system ?
  • #1,340
  • Feb 10, 2015 11:23am Feb 10, 2015 11:23am
i am one of this system subscribers, and officially i am really really regret to waste my money to buy this system.
i thought some people in forexfactory were madness because they accused eitan of doing fraud. But what i can see here, his account himself already blown and he was manipulating the screenshot of his account to promote his system. im still in his skype group, i just want to tell the member of the skype group beware of everything were being said.
Here is the screenshot of his account. FYI, he was really proud to show this account as proof of this system, he was manipulating some, he was gaining some profit with his account (but not much as being said) and then he blew the account again (i heard his account also blown couple years back). If he is great teacher, honesty is required absolutely to his students or even subscribers. After his account has blown away, he was telling to the group that he improve and charging more. I just can't believe this i have trusted this man. this is a great lesson, precious lesson. Please compare this screenshot of his account.
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Attached File(s)
File Type: pdf statement full.pdf   139 KB | 327 downloads
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