A Complete Ripp Off
Well were do I begin, the beggining might be a good start.
I first bought this so called system for £305 GBP, under the influence that as said in his own words, sid " I will call somewere in the region of 150-200 pips per day to start off with for the first couple of weeks to enable everyone to build up a nice size account, then when everyone in the Pheonix room has this, i wil then and only then begin to teach how I use the system and teach everyone how to call there own trades and enable them to satnd on there own to feet.
Well after spending a whole week with Heywood Miles ( aka- SID) i can tell you that he told me directly that he hates calling trades, which i understand is quite demanding thing to do, but if you dont like to do it or should i say CANT DO IT then DO NOT SAY YOU CANOR THAT YOU WILL.
Every morning when sid loggs into the Phoenix chat room to post his bias, all he is doing is reading what the traders have posted on FXCM news wire, the majourity of people in the room thing he a pure geniuos to be able to do this, when alls he is doiung is relaying what the London Traders have said in the FXCM news wire.
If you look back through the T2W threads you will see previous posts made by sid himself in desperation for help on trading, as he constantly is on a loosing up hill battle.
PLEASE SEE THIS LINK BELOW. post 1,4, 9, ESPECIALLY NUMBER 9
http://www.trade2win.com/boards/showthread.php?t=12986&page=1&pp=10
How can anyone on the 23-12-2004 at 04:56 calim that "charts and techy stuff is over my head" and then apparently write a computer programme which is all "techy stuff" within a few weeks of this post, then so called test it for six months before selling it (sorry I mean ripping good genuine people off with it). Well thats very easy he DIDNOT write it he completely ripped it off and copied it like the previous post (callidragon) has stated.
I first met Heywood Miles (aka SID392) when he asked he to help him set up his computer as her was having trouble installing a graphics card in his system to set up a dual screen system, (funny that a so called experienced computer programmer who has wrote a very complex system to assist in trading, cant even install a graphics card.......HUMMMMM alarm bells ringing.
After spending a whole week with SID so called trading, i came to the fast conclusion that he has no idea of trading, he does not use or have a trqading plan, his exit stategy is "great im in profit - get out now" and ladys and gents you will remember that if you have ever asked sid what is his strategy for trading he cant andwer you, as he doesnt have one.
I have watched him loose countless amounts of money, admittably he has clawed back a few pips, but his risk reward is none existent, he will place a 25 pip syop loss and not even look for a target, and exit his trade with a +6 or +7, well that is a 3:1 ration in his against him.
This just wasn't one day i saw this, this was every day for a week, thinking back, when he was supposed to of been teaching me how to use his system, so i could then release some of the pressure from him in the phoenix room, and teach others in the room, i didn't learn anything, he didnt teach me a god dam thing, WHY not because im a master trader or a very experienced trader, because im not, but i do make regular money NOW every day without using this CRAP system, the reason he couldn't teach me is that he doesn't have a bloody clue himself.
He calimed to me that he had in excess of £50,000,000 in his account, Yes thats right people £50 million pounds, YEAH RIGHT. I too now have £50 million in my account its easy, just open a metratrader demo account, you can pick what size of account you wish from £5000 to £50 million, WHAT A COMPLETE PRAT.
I could go on for ever on this thread telling you stories and complete and utter lies he has told me an other people, from owning large 6 bedroom houses (which he doesn't - he lives in rented accomodation) to his wife driving a porsche 911 turbo when she drives a Renault Clio.
He has also claimed to other people in the Phoenix Forex chat room that he is worth in excess of £300 million pounds, well if you are worth this why would you be looking to borrow £10,000 of fellow traders because you are desperate for money, and then reduce it to £4000 because you are that desperate.
Well for one if you were worth that kind of money, you wouldn't need to borrow of anyone, and also if you were that good of a trader that you can call all these so called pips all day long you couyld earn your own money.
So the real reason you are in this situation is because you cannot and dont know how to trade consistently and successfully, and that alls you do is ripp people off to fund your average life style, and pay your bills.
Anyone reading this thread please be carefull of the very few positive comments on here because they are posted by people very close to him, who are very in experienced traders.
Another thing that has just sprung to mind is that he said to everyone in the Phoenix Forex room and not just me, he claimed that the charge for the PALTALK room was $600 a month and he had to pay 3 years up front, which he said was $300,000 yes thats right $300,000 well do the math people $600 per month X 36 months is $21,600, the most funniest thing about this is that the PALTALK room is completely FREE and anyone can set one up, please see link below for proff.
http://register.paltalk.com/reg/PalRegister.jsp?pagc=034&advc=105&refc=6214
Well I have rambled on long enough abouth this complete and utter ripp of, if anyone is even considering or contemplating buying this crap of Heywood Miles (aka) SID 392 PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE DONT YOU WILL REGRET IT, AS YOU WILL BE NOTHING BUT RIPPED OFF.
aLSO FOR ANYONE IN THE CURRENT PHOENIX FOREX ROOM THAT IS READING THIS,THIS IS ALL TRUE WHAT I HAVE WROTE, SO GET OUT OF THE ROOM AND DO NOT BE BRAINED WASHED ANY MORE, AS AND AS YOU KNOW ONE OF YOUR FELLOW TRADERS AS JUST SET UP HIS OWN ROOM SO YOU CAN GO THERE AND LEARN.
And as a last note, which i almost forgot to mention i was down in the phoenix forex chat room as an admin guy, and now that i have spoken some home trulths about sid and this crap he charges £305 for he has completely banned me from the room, so i can no futher advise people of his calus and underhand ripp off tactics.
So people please stear away from this so called system as you will clearly regret buying it if you do.