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I do; but still prefer IBD weekly paper charts. and mark them up with blue/black + red+ green ink...............................................................................
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Oliver Velez is Scam? (trading the open market with 2m candles)
- Thread starter enriquep
- Start date
I do; but still prefer IBD weekly paper charts. and mark them up with blue/black + red+ green ink...............................................................................
.........I’m definitely not thinking of pay for this but I do subscribe to his periscope and he appears to he is trading live making money posting at least 2 days a week and he normally starts at the start of the position or negative not when he is already 1k+ in profit. Im strictly referring to his actual trading ability not his course I would find someone like Mack more skeptical where he shows daily market recaps with no trade indicators expect for his color coded i would take a trade here maybe i wouldn't take a trade lines which takes more effort than simply using one color and turning on the trade arrows similar to the image below. I dont not believe he trades but I wouldnt pay for anyones education that cant produce receipts its really that simple.
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He is giving his(prop firm's) money for you to trade. You only pay platform and data fees and can quit anytime. There is NO risk to you other than your initial education expense. Sounds like a great deal - use OPM to prove you got what it takes. Not much different from something being sponsored here on ET. It's not a scam, but only you can tell if it's worth it for you.
It's because of guys like you that this type of person is still around trying to fool desperate people to make money.
You're 100% sure to lose 1000$, that's not a risk, it's a fact. I'm not trying to convince you, just to warn other wannabe traders.
I "lost" much more on college education. Could have picked up all that knowledge on the internet, no? He provides education. He makes no promises. We all know the statistics, the rest is up to us. I appreciate him showing his style prior to taking your money. I look at it as buying a call ... Low probability with unlimited potential. Sometimes false hope is better than no hope. I don't know him or his past and don't really care ... I'm speaking generally about trading education providers. Keep in mind that there are countries where you can make good living by making a couple of $100 a day ... IF someone let's you trade their capital remotely.
I am confused you have conflicting opinions of this person or did you just change your mind at the last second after all the accumulating posts suggesting he is a fraud?
His $1000 educational course "is the scam". He lies about offering you a 50k into his prop firm as bait cuz he knows his course isn't enough to attract people to buy it.
I don't have conflicting opinion - my opinion is that I don't care who he is or what he did in the past. I only care about one thing - can he help me to raise my game?
What do you mean by "He lies about offering 50k?" Did they turn you down? As far as I understand, the only qualification is to pass the simulator. But you don't need to pay a penny ... just use your favorite's platform simulator until you can be sure you can pass. Once you are consistent, sign up with them and start paying the platform+data fees for 2 or 3 months. Pass it and you can trade at 60/40 split. Listen, it's starting to sound like I'm promoting them, which I don't. I do not see any scam with this set up, that's all. If you think his education is not worth it, don't pay for it.
What do you mean by "He lies about offering 50k?" Did they turn you down? As far as I understand, the only qualification is to pass the simulator. But you don't need to pay a penny ... just use your favorite's platform simulator until you can be sure you can pass. Once you are consistent, sign up with them and start paying the platform+data fees for 2 or 3 months. Pass it and you can trade at 60/40 split. Listen, it's starting to sound like I'm promoting them, which I don't. I do not see any scam with this set up, that's all. If you think his education is not worth it, don't pay for it.
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I didn't have to be in his program in order to know that. Just reading the reviews of countless of other traders. None of them got funded with the so called promised 50k and I highly doubt a single person did no matter how good they did in the simulator. That's what you call a scam.
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Well, good for you but your common sense is not a proof of scam. Would you please let me know a legitimate place to get funded with no qualifications and with no initial deposit of any kind? Oh, just noticed - below sounds pretty good too:
•Tuition Reimbursement Program – Once a student enters the live trading phase and becomes a professional trader for our preferred institutional trading firm, 100% of all profits are paid out to the trader until the entire educational fee has been reimbursed. Profit sharing with the trading firm begins after full reimbursement.
•Tuition Reimbursement Program – Once a student enters the live trading phase and becomes a professional trader for our preferred institutional trading firm, 100% of all profits are paid out to the trader until the entire educational fee has been reimbursed. Profit sharing with the trading firm begins after full reimbursement.
And I thought OP was lacking in common sense. So people like this exist. You're right it's no wonder it is such a lucrative business for these scammers. After witnessing all this myself maybe I should set up my own pseudo "scam" course. If even 1 out 10,000 people are this stupid it's definitely a gold mine!!!
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