Oliver Velez is Scam? (trading the open market with 2m candles)
- Thread starter enriquep
- Start date
There are tons of neutral educators, that means, people that just teach you what is the market, how it works, what is technical analysis, the different indicators, etc.
But Oliver is saying he can win 90% of trades, and make 100% profit just trading 30min per day, and using 2 minutes candles. And he can teach that in just 15min (because the rest hours is just wasting time, I took the course).
Don't you see the problem with this? this is the base of any scam, to sell a lie, is not education, he is teaching a strategy that does not work.
All this post is about the proofs of this, and one of the most logical ones is the one that you think is not important:
If you know how to win 90% of trades, you keep that secret for you! to make your own money!
If you know how to make more than 100% per year, then you don't need to sell courses, and you should be the richest person in the world in less than 10 years (he was trading for more than 30 from his words).
But Oliver is saying he can win 90% of trades, and make 100% profit just trading 30min per day, and using 2 minutes candles. And he can teach that in just 15min (because the rest hours is just wasting time, I took the course).
Don't you see the problem with this? this is the base of any scam, to sell a lie, is not education, he is teaching a strategy that does not work.
All this post is about the proofs of this, and one of the most logical ones is the one that you think is not important:
If you know how to win 90% of trades, you keep that secret for you! to make your own money!
If you know how to make more than 100% per year, then you don't need to sell courses, and you should be the richest person in the world in less than 10 years (he was trading for more than 30 from his words).
I truly believe HE can do all that, and 1% of his students can do all that and the rest pay for the opportunity to do all that. Oh damn, did I just describe the way markets operate!? You either BELIEVE the whole thing is a scam or you BELIEVE the whole thing is an opportunity. Either way, you are right!
If he can do it why he cannot prove it?
Why he is not showing *all* his trades, to check he is really consistent?
Why is he saying he won a prize in 2009 and not showing any proof of that?
Why is he selling courses if he can make more than 100% per year!?? Warren Buffer is the 2nd richest person in the world earning just 24% per year, and Oliver can earn more than 100% and is not even present in Forbes?
Why is he selling his strategy instead of making millions using it?
Why is he giving money to students instead of trading everyhing himself or training experts to help him if that's what he needs (he will need only 20 more like him, why searching thousands of newbies instead? maybe because he need that? people knowing nothing about the market because they are easier to scam?)
This is not a religion to "believe" or not, people should show the proofs of what they are selling, if not is a liar and a scam.
.... then he will fund a real account with $50K to trade, with his money (and he will get 50% of earnings).
What if you suffer losses? will he get 50% of the losses ?!?
It doesn't make sense for coach to 'fund' you $50k.
Let's say there are 10 'successful' students.
coach should use that $500k and trade it on his own rather than potentially having to face angry hostile frustrated mad violent students.
So please ask the coach why he is NOT TRADING to earn money ?!?!!
He just needs to trade only an hour after opening.
He already got more than enough funds for his own trading.
Also tell the coach that the risk of students loosing money is extremely high
compare with coaching trading the opening market.
I don't know about Oliver Velez.
Based on my experience, more than half trading coaches are unsuccessful traders who brainwashed you with stupid wrong garbage teachings.
honestly speaking, some of these coaches are very good in teaching you how to sell fridge to the eskimos.
What if you suffer losses? will he get 50% of the losses ?!?
It doesn't make sense for coach to 'fund' you $50k.
Let's say there are 10 'successful' students.
coach should use that $500k and trade it on his own rather than potentially having to face angry hostile frustrated mad violent students.
So please ask the coach why he is NOT TRADING to earn money ?!?!!
He just needs to trade only an hour after opening.
He already got more than enough funds for his own trading.
Also tell the coach that the risk of students loosing money is extremely high
compare with coaching trading the opening market.
I don't know about Oliver Velez.
Based on my experience, more than half trading coaches are unsuccessful traders who brainwashed you with stupid wrong garbage teachings.
honestly speaking, some of these coaches are very good in teaching you how to sell fridge to the eskimos.
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He won't allow you to loose more than $600, because he is controlling your account, you need to use a special software.
And of course he is not giving anybody $50K! he does not have that money! and even if he has it then he will break the market trading so much money in just 2minutes!
What is he doing is using the $1000 (sometimes $1500) you paid for his course with 50X leverage, so it's your original money, not his money, and that's why he does not allow you to loose more than $600 (normally if you have $50K you should be able to loose at least $1K, 2% is a ver conservative stop loss, he is expecting the people to have an accuracy of 90% !).
You must understand this is a perfect business for Oliver!
Because he is not teaching anything, his business is just to make you believe in him, that you can earn in just a few talks his magic strategy. You are paying him for that lie.
But nobody will pay a lie like that, so he adds another one: "he will give you $50K to trade", this second lie is what newbie people find really attractive, because they think there is no risk then, they just need to pay $1K to learn and receive $50K !
But Oliver is just using your $1K with leverage, and he knows his strategy does not work, he knows that some people will win and some will loose, randomly, but is not important for him if you win or you lose! because if you loose is "your money", and if you win he will get 50%.
And there is an extra win with his "training phase" (with virtual money), because he knows his strategy does not work so he knows some people will pass the simulator and some people not, randomly, so he makes extra money there, because the people not passing the simulator are loosing the $1K from his course, and the worst thing is that the student think is his own fault, the student continue believing that Oliver's strategy is really good but the problem was himself. How I've said, is a perfect business for Oliver.
