A list of all scam unregulated 3rd party educational vendors
- Thread starter emg
- Start date
You have no active status and you have a fund? Even if you are exempt you still have to register as such. Help us here mighty torpedo of trading enlighenment!
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=qTSxCgGVTEg=&rn=Y
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=qTSxCgGVTEg=&rn=Y
Quote from austinp:
My fund is limited to clients only... people who know me: family, friends and clients who have been inside for quite some time. I am not soliciting for new fund clients, so I can post whatever I want wherever I want.
If and when that situation should change, I'll operate within the guidelines set forth by NFA. What... do you honestly think I don't know the rules and paramters involved? Give me a little bit of credit for knowing this profession
I don't know what IOAMT charges now, but I was in it for a couple of years. While I wouldn't say BD is a great teacher, or even a good one, I don't think he's a scam. I know for a fact that his methods work. He's reading the order flow and when I was there he used MP levels for entries. He also trades his own money. A noob is probably not going to learn to trade discretionary methods consistently in a short time. That's not Bill's fault.
Also, Bill just taught a method. He did not call trades which is what most people seem to want. It seems to me that too many people want someone else to be responsible for their losses. I've known several people (self included) who use methods they learned from IOAMT.
The only thing I was taught by Bill that I reject and would discourage others from adopting his is his scaling entries. One bad loss can whipe out a lot of wins, Not mny style and if you're under capitalized, it can wipe you out before you get started.
Also, Bill just taught a method. He did not call trades which is what most people seem to want. It seems to me that too many people want someone else to be responsible for their losses. I've known several people (self included) who use methods they learned from IOAMT.
The only thing I was taught by Bill that I reject and would discourage others from adopting his is his scaling entries. One bad loss can whipe out a lot of wins, Not mny style and if you're under capitalized, it can wipe you out before you get started.
I'm a student and they are certainly not a scam.
Exactly. You can learn something - but none are worth the big fees unless it show broker statements that their method is consistently profitable over time. Even then, the mentor may not be able to transmit his method effectively.
If it is a live room, make sure the trades can be easily followed in real time (not calling trades after the move) with a DOM. I don't even mind if the mentor shows his trades in a sim DOM with student-size trades. I am very suspicious if the mentor cannot show his trades real time.