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Hahahaaa....... after seeing first few posts I knew Marketsurfer would soon arrive with false prophet guru warnings.......... :D Just wait soon there will be talk of parabolic equity curves, trading for a living in 10k acct, 90% winrate/10:1 RR, or easy money cash machines....... did someone...

Being a vendor does seem like easy money if you are a talker and have good sales skills. You don't have to show any results, only have to point out what already happened or make vague comments about what might happen in the future. In that last Charlie video he goes into some talk on the...

Just looked up Charlie Burton the EZtrader guy today. I see he has a video response to a frustrated trader who felt he was underperforming all the guys on the internet who claim to make hundreds of pips a week with no losing weeks. At least he gives good advice to people, that no one is...

I always notice that "failing trader" such a bad stigma. People take it so serious like failing as a trader is worse than failing at anything else. I always wonder why but now have figure it out. In trading everything is on you. If you don't make it then you were not good enough at it. Or...

What were the charges? how can someone have grounds of a lawsuit just because someone on an internet site doesn't believe they are a good trader?

I have begun to think that for a lot of people............. pursuit of trading is not based on money as primary motivator. Money is secondary motivator for many. I say this because again and again I see people falling for BS and seemingly not caring when the BS is exposed. You see it all...

I have come to see that this is fascinating from a psychological standpoint.... It is as if some people have created fantasy "second lives" on the internet, others appear to willfully delude themselves from the truth. As you say, there cannot be good reasons behind it.... perhaps loneliness...

Looks like the pupil has begun to see how the guru game works..... Hahaha!!! :p

None of the big talkers on this site will ever trade publicly in such a manner. The reason why should be obvious. Because they can't actually trade. The right way to go about this is get to know people who are actual traders. Get on a plane and go to a major financial center and get to know...

Keep in mind back in some ET wars last year, DB was caught lying...... bragging and taking credit for a trade call that he never made. Then he claimed some absurd performance stats like 90% winners and 10:1 R/R in daytrading NQ...... Then he was trying to get one of his critics to bet money on...

yes I also experienced statistical tendencies that morphed..... I tested a lot of ideas put out by self-professed supertraders about 20ma and trendlines and most are marginally profitable at best..... a few ideas could work for a while..... then they stop "working" and need tweaking. So best...

Those who really use their heads will see the real lesson here............ how easy it can be to build a flock and eventually make money as a vendor. An entepreneurial person who applies the same techniques online might just build their own flock, and have a way to make extra money...

Maybe ask at Bigmike's...... lots of complaints in the vendor reviews.... Recently a guy Trader Ed who lured people in with a faked track record.... as i recall earlier this year he was discussed at ET and one of the gurus here was chastising people for daring to question his track record...

I am sure some of the claims are true, but most internet forum claims are not. Unfortunately we don't know which are real and which are fake. Even in mass market media these lies happen...... Big story now is a major US news anchor has been caught lying about his time reporting from Iraq...

Yes that sums up the people you run into in forums. When you are new you don't know any better. They do keep the dream alive. That is what hooks many people on daytrading futures and forex. I think most would be skeptical of a website offering trading education from a guru with no track...

Uh-oh, something has tripped Surfers vendor-radar. It must be pretty sensitive because I didn't even hear any talk of no losing days or hundreds of ticks a week with miniscule risk. LOLOL!! :D

Maybe delusional, or maybe are stealth vendors...... ;)

That is a good point. I never thought of that before. In business you are taking money from people who are willingly handing it over to you. In poker and trading you are trying to take money from people who do not want to hand it over to you. Big difference! Some will say that in business...

I think the difference in an efficient market is that there isn't much "edge" available. Therefore any profit you make is coming solely from the risk you take on. When you have an edge, some % of profits are coming from the edge. That is different than making money solely from risk...

This reminds me of myself. I went down a similar road 2-3 yrs ago.... back then there was a lot of talk from people claiming to be making big money by drawing lines on 5-minute futures charts. Even though I soon realized there was something fishy about many of the gurus and experts, I still...