James16 is not credible | Page 58 | Forex Factory

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James16 is not credible

  • #1,141
  • Nov 26, 2014 12:34pm Nov 26, 2014 12:34pm
Quoting samuel hu
Bigwal, care to tell us who he is? Or his thread? That would be very appreciated. {quote}
Here is a hint. It is a top 3 Discussion thread, but it's not the No. 1!
Its not a trading system and that is probably why it may be unattractive to newbies.
Once it's understood, it's really quite simple and logical.
Good trading!
EP
  • #1,142
  • Edited Nov 27, 2014 2:32pm Nov 26, 2014 11:35pm | Edited Nov 27, 2014 2:32pm
Quoting DoskeII
{quote} You see, as funny it looks, but many of those "guru's" are not trained, educated or having ANY formal degree to gave any Financial advice in term of trading or investing.......
Perhaps it's not as straight forward as some folk think that it is:

1. I have two friends who are fully qualified financial advisers. Both of them will tell you that it's impossible to be long term profitable using technical analysis. That's where a textbook education can land you.

2. Even the best traders and funds having losing months, when market conditions don't suit their methodology. That doesn't make them incompetent, let alone scammers.

3. Some of the most consistent traders and funds make 10%-20% p.a. Doesn't look that impressive to newbies who are interested in absolute returns, rather than risk adjusted return. (Note: I'm referring to serious pros, not forum 'traders' who are trying to turn something like $500 to a million in 6 months).

4. Some of the TEs and myfxbooks with the most spectacular looking track records use unsustainable MM and, given enough time, will eventually implode. TEs don't tell you everything. Having said that, I agree that vouches and little red diamonds on Forex Factory tell even less.


Forex Factory makes its revenue from advertising. It's not necessarily in their best interest to provide an education service, or a graded signal service similar to RAPA. Horses for courses.
  • #1,143
  • Edited 9:28pm Nov 30, 2014 8:07pm | Edited 9:28pm
Quoting hanover
{quote} Perhaps it's not as straight forward as some folk think that it is: 1. I have two friends who are fully qualified financial advisers. Both of them will tell you that it's impossible to be long term profitable using technical analysis. That's where a textbook education can land you. 2. Even the best traders and funds having losing months, when market conditions don't suit their methodology. That doesn't make them incompetent, let alone scammers. 3. Some of the most consistent traders and funds make 10%-20% p.a. Doesn't look that impressive...
I agree with you on not straight forward issue. but:


My whole point is this: To be "A Senior" you HAVE TO EARN that status, but not earning based on how many YouTube videos with "Kardashian family" you have posted, but based on entirely your experience and of course = backed with your track record.
  • #1,144
  • Dec 31, 2014 6:21am Dec 31, 2014 6:21am
Guys,

The thread i mention is not hard to find, there you will find one of the greatest traders to ever grace this forum. Sure there are other good traders!

Redsword11 would call it before the fact, everytime. There was no hidden agenda, no fee, no commercial dilly dally.

And his method still works to this day.

All these other so called guru's play after the fact. Put your nuts on the line i DARE YOU.

Bigwal
I need to finish something i started
  • #1,145
  • Feb 14, 2015 6:47pm Feb 14, 2015 6:47pm
Quoting kayhan7070
{quote} I totally agree with you. I am a member for 5 years now and what I learned from the group is priceless. I don't understand why people blame him. If there is people out there who couldn't find a success in this bussines just give a try, I strongly recommend to join.But of course this is a tough bussines and it doesn't mean that everybody will trade profitable WHO joins the group.Because it's not all about understanding the market what it is doing and why it is doing.At the end it is up to you.But with this group you have chance, a BIG chance....
I think the bottom line is, after 5 years, are u profitble now?
Make everything as simple as possible, but not simpler.
  • #1,146
  • Feb 15, 2015 1:14am Feb 15, 2015 1:14am
Quoting hanover
{quote} Perhaps it's not as straight forward as some folk think that it is: 1. I have two friends who are fully qualified financial advisers. Both of them will tell you that it's impossible to be long term profitable using technical analysis. That's where a textbook education can land you. 2. Even the best traders and funds having losing months, when market conditions don't suit their methodology.
i am agree with you are you getting profit by this..



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  • #1,147
  • Apr 24, 2015 10:58am Apr 24, 2015 10:58am
  •  Pbt
  • | Joined Sep 2010 | Status: on the way to becoming a pro. | 11 Posts
I started reading FF forum and trading FX in early 2009, I didnt register the FF member at all. The free stuff there is too much to read already, there is no need to register unless you want to post something or ask questions. I didn't join the james16group too, I just studied the free material in forum and their guest area material, and sometime senior members posted videos.

According to my view, the James16group just collect all free materials in FF forum and put them into one place, all materials are in order, all documents sorted. Of course there will be a lot more videos recorded by James or Mike and other instructors. Everything in free forum will be more detailed explained in paid area. And live trades will be analyzed, what is right, what is wrong, how to improve it. Just like my senior high school teacher did. It is for lazy students who are waiting to be fed. If you are a grown adult, you don't need feeding, you eat by yourself.

Materials taught by James and his instructors are real basics, they are for beginners, for entry levels. You need to gain more knowledge and build your own strategy base on the basics, build your own trading plan. Then you can survive in this business. You will not only trading Forex in future, you will trade futures, stocks, options, bond, ETFs, etc. The learning is never ends. You need a trading journey and review it all the time, find your mistakes and your rights, adjust entries, risks, profit management keep improving until you completely satisfy with your trading plan. Remember, you will engage 4 situations: trending, ranging, breakout and choppy, you need plans for each situation.

My initial deposit was 72k pounds, I have been consistently profitable for 5 years, I only make 30-50% a year, and I quit my annual salary 35k pounds job at the end of 2012 and became a fulltime retail trader. I need to withdraw profits every month to support family. Of course there will be losing months, I have a cash flow account for the covering of losing months. I don't spend all profits I made, part of it were saved into cash flow account. I still haven't seen the 7 figures yet. But i'm sure one day I will see, because I am progressing.
  • #1,148
  • Apr 24, 2015 11:06am Apr 24, 2015 11:06am
  •  Pbt
  • | Joined Sep 2010 | Status: on the way to becoming a pro. | 11 Posts
This is a business, if you don’t have enough fund then try to save it, don’t dream you can make 3k dollars into 100k dollars, and making millions later.

If you still thinking that way I will suggest you start learning to play poker, try to be a full time poker player, you have chance to make a million from 200 dollars. Because there are entertainment players there, you can get money from them.

But it will be the same, you need to master the skill, has proper plan, strict rules, risk management and profit management, you must follow those rules, otherwise you will fail.
  • #1,149
  • May 1, 2015 3:53am May 1, 2015 3:53am
My account up to 300 % in 1,5 years trading while james 16 still has no account , nothing...to prove he is/was a trader.. but still his sheep deify him like god

http://www.forexfactory.com/onlydragon#55
  • #1,150
  • Jun 24, 2015 11:02am Jun 24, 2015 11:02am
I have built an EA based on James16 teachings (*I am not affiliated with the James16 group in any way) and have published the account for all to see:
http://www.myfxbook.com/members/bend...6xrisk/1191303

Let this be some proof that the James16 stuff does work.
May all your fits be loose.
  • #1,151
  • Jan 5, 2016 4:38pm Jan 5, 2016 4:38pm
that system was deleted.
I am watching the new James16 web site front page videos.

Interesting claims.
forexfusiondotcom
  • #1,152
  • Jan 10, 2016 12:13pm Jan 10, 2016 12:13pm
Go to the thread "Society of Traders Vetting Commercial Members" for more information.

To vet means to investigate. The results of the investigation will prove that a commercial member falls into one of two categories:

1. Legitimate - commercial member has provided performance data on the product or products sold and the data proves profitability.

2. Illegitimate - The commercial member has not provided performance data or refuses to provide such data but continues to sell products and suggesting to buyers that the products will result in profit.

This thread will provide an ongoing and updated list of the most active commercial members and label them accordingly: 1. Legitimate 2. Illegitimate

Here is a beginning list of some of the most active commercial members here at Forex Factory.

I am inviting any of these commercial members to now provide evidence that the products they sell have and still are resulting in profit via an account they or the website actively manages.

JAMES 16
SUPPLY AND DEMAND IN A NUTSHELL BY ALFONSO MORENO
SPIDER'S DEN
STRAT'S LONG TERM STRESS GREFE TRADING
TRADE WITH 60
  • #1,153
  • Feb 13, 2016 7:25pm Feb 13, 2016 7:25pm
​If you profit from a trading method not by trading but rather by selling the method you are doomed to choke on your own snake oil.
  • #1,154
  • Feb 13, 2016 7:39pm Feb 13, 2016 7:39pm
Great athletes with proven records of achievement train aspiring athletes to be great. Wanna-be athletes with mediocre or no records train wanna-be athletes.
  • #1,155
  • Feb 13, 2016 7:52pm Feb 13, 2016 7:52pm
Beware of false knowledge. It is more dangerous than ignorance.
​
  • #1,156
  • Feb 15, 2016 6:06pm Feb 15, 2016 6:06pm
Quoting Winston Reed
Go to the thread "Society of Traders Vetting Commercial Members" for more information. To vet means to investigate. The results of the investigation will prove that a commercial member falls into one of two categories: 1. Legitimate - commercial member has provided performance data on the product or products sold and the data proves profitability. 2. Illegitimate - The commercial member has not provided performance data or refuses to provide such data but continues to sell products and suggesting to buyers that the products will result in profit....
I doubt you'll be hearing much from any of those on the list soon...why should they, there's always a steady stream of noobs headed their way.
  • #1,157
  • Feb 24, 2016 11:34pm Feb 24, 2016 11:34pm
I kind of realized that all are the same.... Regardless if they make money or not.
They have some strategy that they sell to you. You look at the price tag, say "awww it really should work for that much", you buy it. The first few trades you take is with full confidence as you 100% believe in the system. And then as the losses start to grow you lose faith, and seek another one. And you will find one, as there are shitload of sellers out there...

In my opinion "trading strategy" is nothing but a defined entry. (Most cases only entry, as the sellers don't even care to develop a proper exit plan. It's the entry that ppl need anyways...) I believe that you can be profitable with james16. (Price action) You can be profitable with Supply/Demand. However it won't depend on the "system". These forums and gurus only provide "entries". Whether it is price action / order flow / fibo doesn't matter. And in my eyes that's where they fail as a "service provider" or "teacher". They don't teach you what it actually means to trade. They don't discuss the psychology behind it, the money management behind it.
So im not sure how a track record helps... Even if they posted a track record, they would still suck as a teacher... And we still could argue the credibility of that track record. (Photoshop etc.)
It's all psychology...
  • #1,158
  • May 7, 2016 10:31pm May 7, 2016 10:31pm
Quoting kad001
{quote} hi warren, care to share this persons username or thread he started?
Quoting tehuringa
{quote} It's pretty easy to work out kad001

Quoting EaglePip
{quote} Here is a hint. It is a top 3 Discussion thread, but it's not the No. 1! Its not a trading system and that is probably why it may be unattractive to newbies. Once it's understood, it's really quite simple and logical. Good trading! EP


Quoting bigwal
Guys, The thread i mention is not hard to find, there you will find one of the greatest traders to ever grace this forum. Sure there are other good traders! Redsword11 would call it before the fact, everytime. There was no hidden agenda, no fee, no commercial dilly dally. And his method still works to this day. All these other so called guru's play after the fact. Put your nuts on the line i DARE YOU. Bigwal
What's the big fukin secret here, really guys is it some sort of FF rule you can't simply post the fukin link? WTF?
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #1,159
  • May 7, 2016 10:48pm May 7, 2016 10:48pm

any body not willing to share his trading performance yet claims to be pro is a SCAM



BIG SCAM-STAY AWAY

NO STOP LOSS TRADER
  • #1,160
  • May 7, 2016 11:10pm May 7, 2016 11:10pm
Quoting Goldmines1
any body not willing to share his trading performance yet claims to be pro is a SCAM BIG SCAM-STAY AWAY
9 Reasons Trading Educators Don’t Share Their Track Records

1. They ARE a Scam

2. They Don’t Trade

3. Unrealistic Expectations

4. Legal Reasons

5. Unnecessary Headache

6. It Might Not Matter For Marketing

7. Too Many Trading Methods

8. Messes with Their Trading Psychology

9. Personal Privacy

Google the title for the full educational article!
It takes a lot for me to IGNORE you, but you can try.
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