Oops... sorry about the confusion...
I thought I was being accused of supporting him and trying to get new traders onto his trading course.
Just to be clear I don't and I'm not... I'll edit my post just to clear things up.
Caldera.
I thought your long post on Baghdady and his method was well thought out and presented.
The problem for most people when Baghdady spins his magic web is that at first, it appears that what he claims is in fact what happens. As you will be aware he spreads his views across a good number of forex pairs and will home in on one or two that begin to behave as he would wish. He then uses this to claim that his method works
"all of the time" in
"all market conditions" . He also claims that it
"will work with any instrument"
His big and much abused claim is that his method works over
"70%" of the time.
Anyone who has the most basic knowledge of trading and what is involved will understand that such a claim is a complete lie. Should Baghdady have a system that recorded 70% winners - it would have been sold to the major institutions for a whole lot of $$$$$ a long time ago.
What happens is that those who are pulled in by his slick words and claims, pay for the course(s) and embark upon a path that almost always ends in the same place. Substantial loss of trading account.
This has happened to almost everyone who has paid and taken his course, it happened to the turtles who were being mentored by Baghdady and Tuckey on a daily basis, it even happened to those who trained for him. They went on to change their trading methods themselves after understanding why his method could never do as he claims. It also happened to those who, after taking his course, then rented a desk in his offices in order to get input from the great sage himself. All of them, without exception left after a few months.
Baghdady claims to have institutional clients. He makes this claim on his website. These clients are almost all from the dark and distant past and are not current. All of them have the same history. Bagdady got someone to get him through the door, he then dazzled them and got them to try some of his software and presto - he can claim them as an
"Institutional Client". No ongoing business relationship - I wonder why that might be???? Could it possibly be that what he claimed does not in fact actually happen???
What utter tosh!!!!
He continues to spout his claims from an unknown address in the USA. He has now got a representative on the ground in the UK and in the Far East. They are now trying to sell as if nothing happened and every claim that he makes is in fact the truth.
The great benefit of this and other like forums is that the real truth will continue to be out there for anyone who takes a little time to do their research. That truth will continue to be published and will be repeated in order to keep this critical information at the top of the SEO and Google search engines. Baghdady has been known to spend up to $2,000 a week plus the cost of expensive lawyers (he did not pay them) in an attempt to have the truth engineered by SEO experts. It will not work because too many out there know to their cost the reality of Baghdadys method and the utter false claims he makes and continues to make.
We also know that he watches this forum on a daily basis. Happy reading Mahmoud!!!!!!
