scams or not

[12WBT]

My 16 yr old son wants to do what I do - and I reckon he would be good at it for various reasons

He's a bit of a computer geek and games player and has won many "call of duty" tournaments around the UK and with his team also one in Europe.

He's perfect for scalping - he can stand pressure - he has super quick reactions and spends hours and hours tuning his game and trying to improve.

He's watched me - but as not traded live yet - but his mum wants him to finish his education and get a more "rounded" profession ( like I had for over 25 yrs in business) than just sit all day in front of monitors.

My daughter - chalk and cheese lol - she has the attention span of fly - she cannot stay focused for more than about 2 mins ( Ok for some scalping then ) but she wants to end up as an Estate Agent selling high value properties in London. She has the personality, the looks and maybe even the brains to get there - so I will not discourage her.

With regards to easy money - NO WAY.

Yes I maybe could save them a few thousand hrs getting there - but this "money game" demands loads of study - commitment - effort ( yes even hard work) and several years of your life to get there - its not easy.

Regards


F

Hi FN

If you don't mind
Tell us more about the study you do or done.

Cheers
2W

 

[Pat Riley]

My daughter - chalk and cheese lol - she has the attention span of fly - she cannot stay focused for more than about 2 mins ( Ok for some scalping then ) but she wants to end up as an Estate Agent selling high value properties in London. She has the personality, the looks and maybe even the brains to get there - so I will not discourage her.

She'd probably be better off with language courses in Russian and Mandarin then. She doesn't need an MBA to be an estate agent. Personality and looks help. But what she'll need more than any of this is someone already in the business to take her on, or a rich daddy to set her up with her own. But even with the latter she'll still need the contacts to get to the clients at that level. She's certainly wired differently wanting to be an estate agent and all.

 

[Pat Riley]

If I ever have children, I'll be pushing them toward the scams end of the market. Lots of money to be made and even those without brains do reasonably well.

 

[Forexmospherian]

Hi FN

If you don't mind
Tell us more about the study you do or done.

Cheers
2W

Hi 2W

When I say study - it covers many topics - from just reading books on the relevant subject of Forex Trading - such as greats like "Trading in the Zone" - specialised stuff from say Al Brooks and Lance Beggs and then the classic "Art of War" - to help understand gameplay and deception.

Study also includes thinking skills - they need to be honed and used to organise your trading plan and strategy. Therefore when I knew I wanted a method that could be used in all FX trading conditions - I spent literally thousands of hrs watching live price movements on the small frame charts from tick to 60 mins between 6 00 am UK time to NY close at 10 00 am UK time.

This alone took years - and during that time - i was a typical "see saw" trader - having good days and weeks and also bad weeks - simply because I did not really understand the market to the depth I needed to.

I personally did not undertake a lot of back testing - I wanted to have a system for the "now" - not just based on the past - yes I studied EW theory and Gann and Fibs etc - but they for me were just "old hat" and in isolation did not provide the "edges" you need in todays dynamic FX Markets - where maybe Super computers rule.

I read somewhere else on this forum about if many Hedge Funds and top brains of the world have failed at having ongoing successful FX strategies - how can any retail trader stand a chance ?

Well that's simple to answer.

Yes - it does help if you have an inquisitive and bright brain - but retail trading on Capital accounts under $50 and $100K is entirely different to trading with 100's of millions along with other "big sharks in the ocean". We are minnows - ants - collectively yes worth stop hunting - but individually retailers on under 25 /50 lots per pip just have to follow the action - not be part of making it.

What I do today with my discretionary FX trading is slightly different to 3 yrs ago and a lot different to 5 -7 yrs ago. Its been fine tuned and kept dynamic - just like the market I am playing in

All this takes lots of study - not just thinking skills - but mastering other skills as well - ie can you focus on watching paint dry or a tree grow ? Can you switch off your emotions at will ?? Do you really understand the art of deception and trickery and spot it ??

Hope that explains my study


Regards


F

 

[Forexmospherian]

If I ever have children, I'll be pushing them toward the scams end of the market. Lots of money to be made and even those without brains do reasonably well.

Yes - the real scam end of the markets - are the Banks and Governments

Scam guru's and tutors don't do half the damage to traders that dodgy Bank personal do;-)

Saying that though - I always though Estate Agents - second hand car salespersons, double glazing reps etc - where all up to scams lol

 

[Pat Riley]

Saying that though - I always though Estate Agents - second hand car salespersons, double glazing reps etc - where all up to scams lol

I didn't mean to imply anything dodgy about estate agents and I apologise if that was what you thought. I just meant it wasn't like in your normal top-10 career choices for MBA grads. I get the niche London angle and all and the hefty commissions that come with that, but when all is said and done, it's only about the dosh. I don't think anyone in the Mayfair estate business gets a warm feeling purely from matching the perfect buyer with the perfect property. Good luck to your daughter. May she make a million in her first week.

 

[rogerhunter7]

roger james hunter - September 14th, 2014 at 00:03
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Trade2Win Forums
Sep 12 (2 days ago)

to me
Dear rogerhunter7,

whistler_man has quoted you!

———–

—Quote (Originally by rogerhunter7)—

I want you to take a look at a new company that has just appeared.

Lots of its own press releases, no testimonials from any other ‘major’ companies it claims to have worke with.

The company is called: http://www.iamadvisory.com.sg

It suddenly appeared when http://www.iamgroupltd.com began to be exposed heavily as a scam.

Does anyone living in Singapore know this group? Can anyone in Singapore go and knock on there door?

I bet my bottom $ this is a serviced office and the new ‘front’ for iamgroupltd.

Please make all aware that http://www.iamadvisory.com.sg IS A SCAM

—End Quote—

The company’s pick a location where there the least chance of their “clients” will visit. That’s why so many of them have “offices” in Taiwan, Korea, Zurich etc.

Google address, tel and FAX numbers and you will find:

http://www.iamgroupltd.com/contact-us/

http://www.moveandstay.com/yokohama-virtual-offices.php

Also, if you check the company name, add “scam” “boiler room” and name of the guy who called you. Sometimes you have to go thru many pages to find it because they bury the bad press.

———–

You can view the full post here: http://www.trade2win.com/boards/2388564-post.html

To see a full list of quotes, click here: http://www.trade2win.com/boards/usertag.php?do=profilenotif&tab=quotes

All the best,

Trade2Win Forums

 

[louistrader]

there are some sites on line that advertise a system that consistantly generates 15-20% profit a day. Do they exist? Is it worth having a look at what they have to say at least or should you just stay away and work on your own systems?
I'm sure many of you like me have paid good money for information that promised the world but did'nt deliver. Do any of you still look at everything or do you stick to your guidelines?

Let me know.
Cheers
Mike White

Yes. It is possible to generate those types of returns in a systematic way. There are obviously losing trades and ultimately losing days, but staying alive comes from a good risk management system.

Most that advertise these types of returns are scammers, some are legit, but out of the legit ones, I believe it takes some creative or discretionary thinking so that you, the trader, can apply it correctly.

This is coming from someone that has bought courses. I learned some very good things, but have concluded through observation and experience that if you trade their approach purely mechanically, you will lose money.

Edit: When I speak of returns, systems, courses, etc. I am not referring specifically to Forex. I am referring to all markets.

 

[KumarOrhun]

worldventures scam or not

Hi
Found this blog page http://shusharya.com/worldventures-scam/ , how do You think about all this videos ? looks like it is not a scam

 

[jeffre4]

smells very much like a scam and you have just rocked up to promote it

 

[KumarOrhun]

smells very much like a scam and you have just rocked up to promote it

I am not promoting it, I just ask
How He made so many videos?
It is pretty expensive, He should stay on top of pyramid to get money for this video or it is not a scam.