Mike Baghdady - should I take a course or not?

Everyone knows that smoking causes cancer, but they smoke. When someone buy's a packet of cigarettes, there's a health warning on the side, it used to say something like SMOKING WILL KILL YOU and that message was displayed very prominantly.

I have no problem with people being stupid, nor do I have a problem with people smoking, we need the tax revenues.

The issue is providing people with the information required to make their own choices.

If the cigarette manufactures claimed that smoking would improve your health, and spent billions promoting that message, and that message was taught in schools, and 5 year olds where encouraged to smoke as part of a government policy, because the government considered this to be a legitimate way to raise tax, whilst knowing of the health risks is that acceptable.

Under those circumstances, if a handful of scientists posted links in various health related forums, to medical research that proved that smoking killed, and the owners of those forums deleted those links, because they where advertising cigarettes, and promoting cigarettes as healthy, would that be ok ?

Anyone who attended school for more than 12 months should be able to work out why martingales dont work, or why you cant beat the casino's edge. The casino dont deliberately try to mislead punters concerning the house edge. The casinos are selling entertaimnent, combined with the chance that maybe you'll get lucky. There's nothing dishonest about that concept. The casino is not lieing to the punter, they are not over exaggerating the odds of winning.

You can hardly classify anyone following trade calls at zulutrade a trader. They are mug punters, and no different to anyone playing roulette

regarding Zulu; many people follow those traders not for the money; but for the excitment and feel good.

everybody get what they want from the market.
 
Don't listen to them Mahmoud, they are just cockroaches. They are jealous of your trading success (well apart from the 5.5 million bankruptcy). They are also jealous of you success in taking up to 50k off a few gullible punters for your recent 'program', talk about money for nothing heh?

One thing though, you really should get someone to help Janet Mcanuff with her spelling, that website is terrible. Perhaps Ben will invest some money in a proof reader, in for a penny, in for a pound as they say.
 
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I'm very sorry to have asked a question about you on this forum.

Had I known how ridiculous and false your claims were, I would never have come to your office. Had I not been a little unsure about how a successful millionaire trader would have such a skanky office, your career would be flourishing. I never realised that the lies you told would come back to haunt you, that your 'career' was full of lies (head trader at NYBOT etc).

I understand now that I should have bowed to your undoubted superiority, knowledge, class & ego and hand you £5000 for sweet FA.

May you live happily with your mommy.

Digby
 
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Surely the 5.5m bankruptcy is worthy of envy?

I must say he kept it well hidden, the second bankruptcy filing relating to Robbins was easy to find but the earlier 5.5 million bankruptcy only came to light lately.
 
In all seriousness, should T2W be carrying this post until it has been established that it is genuine? I really don't think that it is fair to do so, as it carries someone's real name.

Presumably most people would agree that this seems unlikely to be genuine?
 
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MAJOR PUBLIC WEALTH WARNING



As anticipated , Baghdady has not gone away. He still believes that he is the real deal and this email below has just been received by former clients that paid for one of his courses. He has emailed them with this amazing time limited offer. It was sent out on a Training Traders branded message and still showing the office as Camperdown Street London. Its empty, ransacked and has been for a while now.



"I am writing to you personally as you are one of my valued students. One who has actively proven your desire to trade successfully using my unique Price Behavior Methodology and software.
As you may be aware there have been some changes and I have been doing some re-evaluation of my trading products and how they really could benefit you.

You all know that my primary goal has always been that all my students become successful traders.

So often in life, people acquire information, but they don't apply it.

Trading is simple and the rules are clear if they're followed. I've proven it again and again through our joint work that you can produce record-breaking results from the strategies I teach. But, to go from understanding to implementation and effective execution is what trading is all about.

Mentorship is the key to success to every new trader, especially when it comes to day trading. In the mentoring room, you are not alone. You have support not just from me, but also from the other traders in the room, as they call out their trades in a secure environment.

I have always stressed that the real trading experience comes Mentoring

It is simply not enough to take a course or buy software, no matter how great they are.

My course and software are indeed powerful tools for trading, however, new traders really need the vital mentorship period to reinforce their knowledge and develop the skills required to effectively squeeze out the most amount of profits from the market and take the best trades.

The simple truth is that the vast majority of successful traders out there have been professionally mentored. That was certainly the case for me, I was lucky to work with and learn from one of the most successful traders ever.



My Frustration …

It's hard for me to see people who are aware of what they can do to take their trading careers or their lives to the next level, but consistently fail to follow through. So imagine the frustration that I have when I run into some students who are suffering from a lack of trading success and I know that I can help them. When I begin sharing with them some principles, many of them agree that this could change their lives, but very few follow through. Obviously there's a big difference between getting something intellectually as opposed to taking massive action to apply what you have learned and to get the results you desire and deserve.

SO WHAT IS MISSING? … TWO THINGS

1. Many people know the rules and principles of trading, but they simply don't apply them effectively and they don't have a simple, powerful, workable plan that will get them from where they are to where they want to be. … .A plan to create breakthrough results.

2. Very few people have someone to hold their feet to the ladder and help them consistently applying the rules, controlling their risk monitoring, and measuring of success. We all know that trading success without a mentor is extremely difficult.

If you want a breakthrough in your trading, you need both.

This is what I do now everyday in my live trading room with a selected group of my students.

I am building a new trading community made up of my students who really want to ACTIVELY TRADE. These individuals want to make serious money from trading. They are not leisure traders who trade for fun once a week or so. These individuals intend to devote time to trading everyday.

Thanks to the power of the Internet, I realize I can make myself available over the web to such individuals. As a result, for the very first time ever, I am now able to personally mentor you online virtually "holding your hand" everyday as we trade together in the Online Mentorship Experience and the best thing is … it's FREE only to the students I work with.



Members of my new community will have unfettered access to trading live with me online everyday. You will clearly see and hear how I make live trading decisions. You will clearly see and hear when I enter a trade and when I exit it. You will be able to mirror and replicate my trades if you wish and make some real money, while in the process of re-enforcing your own learning. The very best of both worlds!

Can you really become a profitable trader with me? I certainly believe you can! In fact, there are currently a few choice traders in my community at the moment and together, we trade the London and New York Session of the FOREX Market, for just a few hours everyday and all I can say is, they are having a lot of Success

However, what I do know is that your chances of sustained success as a trader greatly increase when you leverage my 35 years of professional trading experience by having me as your mentor and guide. You really have everything to gain.

I know you are now wondering what it will cost for you to join my mentorship program. To get access to me daily as your personal trading mentor. Think about the value of my time and imagine the potential increase in trading profitability you could experience by watching me trade and possibly trading alongside me everyday! To have full.access and use of my software! I know you see how valuable this is?

As I mentioned before as one of my students - it's Absolutely FREE!

As a serious former student of mine, I am personally inviting you to join my mentorship program totally free for six (6) months.

Yes, you read correctly you are invited to be mentored by me and have full use of my software at no cost to you for six (6) full months.

This is once in a lifetime chance to kick-start your trading career

You will never get a chance like this again. This is an opportunity only Mike Baghdady can offer you Click Here to register NOW.

As one of my students, you will get FREE access to:
My Day Trading Software (Licensed for 6 months); and
Access to daily online mentorship sessions with me in my live trading room for 6 full months, where I will show you exactly how to trade technically using my software and my price behavior methodology in real life scenarios for improved trading profitability.

How to take part in this Alumni offer?

All you have to do is 3 simple steps



1. Open and fund your Live trading account with LMAX Exchange with a low negotiated special minimum of GBP 2500 (only for my students)

2. After you Open and fund your account, send me your LMAX account number so I can issue your software license and then I will mail you your new Software Security USBKey, Set up CD and workspaces. You will pay only the administration charge of GBP 9.95

3. The username and password will be sent out in a letter with the USBKey and CD.

So how will I cover my costs?

1. Since I will be mentoring you online via the Internet, my business overheads are reasonably low. My true cost is really the cost of my personal time, which though significant, can be equally split amongst my Power Traders, making it affordable for all.

2. My powerful Day trading software does quite a lot to simplify the trading decisions for you, however, it is expensive to maintain and administer. In order to offer this software to you for free, I have partnered with a world class trading exchange, our software into their platform and I have also managed to get them to fully cover the cost of the software and mentoring for you. By paying us a small portion of their revenue.

All they require is that you open an account with them and place just ten (10) trades every month and you will get full access to our Day-Trading software, completely free. So instead of you paying for the software, the mentorship, training and support they will pay me on your behalf! At no additional cost to you! No Padding of spreads!

It makes sense; after all, they charge you a spread on each of your trades so they should contribute to your training and by supplying you with the tools you need to enhance your trading.

Normally, LMAX requires $10,000 to open a personal account. However for my students only, I have negotiated a very reduced account-opening amount of GBP 2500 that every SERIOUS trader should comfortably afford.

As you can see, I have gone to great lengths to design this so that except for a small administration charge, you will incur ABSOLUTELY NO out of pocket expenses for these first 6 months of mentorship with me as my Power Trader. I did this because I believe you deserve to put all your hard –earned money to work in your trading account, towards your actual trades for increased profits and not spending it all on trading software or yet more courses, leaving you nothing to actually trade with.



So, If you are serious about truly making a full time income as a financial trader, All you need to do is complete the 3 simple Steps highlighted above!

This is valid until June 18th 2012, after which it will expire.

That's it! Once you complete these 3 easy steps, you would have joined what I believe to be the smartest community of active, profitable Day Traders around.

Since you have ABSOLUTELY NOTHING to lose, you can then reliably decide for yourself if mentorship is truly worth your while. I am more than sure that you will find it indispensable to your trading.

Go on! Click Here to get instant access to the unique links required to start mentorship with me and to finally jump-start your profitable career as a trader right Now!

I certainly look forward to meeting you again on the inside, so we can really get to work on significantly improving your trading!





Sincerely,
Mike Baghdady"
 
Unbelievable.

Never come across LMAX. Some kind of bucket shop?

EDIT:

Owned by Betfair and launched a year and a half ago.
 
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He's collecting a percentage of the spread on every trade plus a percentage of client losses. They can expect to be taking a lot of trades as that's where he's making his money.
 
He's collecting a percentage of the spread on every trade plus a percentage of client losses. They can expect to be taking a lot of trades as that's where he's making his money.

Surely not! We are not talking Kickbackpoopy are we?

And even if he were doing such a thing, he would disclose the fact up front.

I simply could not believe it would be otherwise. :LOL::LOL::LOL::LOL::LOL::LOL:
 
Surely not! We are not talking Kickbackpoopy are we?

And even if he were doing such a thing, he would disclose the fact up front.

I simply could not believe it would be otherwise. :LOL::LOL::LOL::LOL::LOL::LOL:

I was forgetting that Mike's understanding of 'free' is rather different to our own.
 
He's collecting a percentage of the spread on every trade plus a percentage of client losses. They can expect to be taking a lot of trades as that's where he's making his money.

Might as well add this one to the list. :rolleyes:

It has been alleged (see above) that there is a financial incentive for Training Traders to recommend this particular broker, in the form of a share of spreads and / or commissions incurred by clients. Further, it has been alleged that Training Traders might benefit by being given a percentage of client losses.

Can a Training Traders spokespoopy confirm or deny this? Please also state why this particular broker was chosen. Finally, if the allegation is correct, please explain why this very important fact was not properly disclosed at the outset to allow clients to make an informed decision. After all, it seems relevant to know whether someone who is recommending a broker has a financial incentive to do so. In fact, some people might see it as unethical not to make the situation plain without being asked. Perhaps the spokesploppy could comment on this, and give their opinion.
 
According to some reports, some people (allegedly) paid £50,000 for a free opportunity. :LOL:

So if this ONLY costs £2500, I guess it's a bargain compared to the 'free' £50,000.

How desperate must LMAX be to want anything to do with Baghdady and his con tricks?

I hope that none of his former students do this. Maybe they should suggest that he uses £2500 from their original £5000 to put into the LMAX account? Baghdady can easily recoup that in commissions by mentoring huge 300% winning trades.
 
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