forexbastards

[NickB]

I know the difference between mm's and ecn's

http://www.forex4noobs.com/forums/ta...g-brokers.html

I actually had a few people in the room ask why they are in Felix's rooom. The number one answer is 'to meet and talk to other traders' they are not in the room for the profits. Also he may have 200 subscribers but the majority are only in the room for 1 month. They leave and others join. He has great marketing set up.

We have established the guy is dishonest and I think that is all that really matters. Felix is not a trader 6 months ago he was saying crap like:

"I think unemployment will be high because I saw a lot of 'help wanted' signs in shops today"

"I think retail sales will be high because kids are going back to school and they need pens, books..."

Felix is not a trader he is a very smart marketer. The fact that he meets people in person just means he is stupid. One day he will probably get shot by some guy who lost his life savings because of one of his services.

[Metalhawk]

Originally Posted by eyecelll

i dont care if felix is listed as scammer on your site, i was just surprised that real scammers are not. people need to be aware of the danger of using stops (while most forex books repeat "use the stop" as number 1 rule). i'm not saying you should not use stops but you have to be aware of stop hunting, and hardly any ebook will explain you that. you also need to know that even if you make a good money with some broker that doesnt mean you have that money until you withdraw them. a broker can execute a fake trade resulting in a huge loss for you, or go bankrupt, or just disappear

If you had taken the time to look around the forums, you would have seen mentionned time and time again the risks of stop hunting by the market makers.

[eyecelll]

Originally Posted by Metalhawk

If you had taken the time to look around the forums, you would have seen mentionned time and time again the risks of stop hunting by the market makers.

what made you think i have not?

that was a good post about brokers nick

[Metalhawk]

Originally Posted by eyecelll

what made you think i have not?

The tone of the post.

[eyecelll]

Originally Posted by Metalhawk

The tone of the post.

if you were reading carefully you'd have noticed i said books or ebook but not forums. and if you read the whole thread you'd see i suggested forums (forexfactory) as a good source of info

[NickB]

Lets not turn this into a big thing guys.

We have established what was needed with this thread.

By the way eyecell do you mind posting here why Felix thinks a currency pair will do something based on a report. I have heard him say some pretty stupid things 6 or so months ago concerning reports. I want to see if he has any idea what he is talking about.


Posting it after the fact shouldn't hurt...

[eyecelll]

Originally Posted by NickB

Lets not turn this into a big thing guys.

We have established what was needed with this thread.

By the way eyecell do you mind posting here why Felix thinks a currency pair will do something based on a report. I have heard him say some pretty stupid things 6 or so months ago concerning reports. I want to see if he has any idea what he is talking about.


Posting it after the fact shouldn't hurt...

i dont quite understand your question nick. once the report is released there will be reaction. felix is usually trading withing 10 min after the release and he's profitable at it. if you have doubts you can sign up and check yourself. i believe he guarantees a refund withing 3 weeks. i want to say this again: i'm not advocating him, i have no reason to. i was just surprised that you listed forexdiamonds as scam without even knowing what is this service about (it's NOT auto-trading using auto-click software)

[NickB]

I listed them as a scam because the person that runs the services is a scammer.

Does he explain why he is entering? if so I would like to hear his explanations to see if he actually has any idea or if he is guessing. I have heard him say some extremely stupid things when it comes to economic releases.

[eyecelll]

Originally Posted by NickB

Does he explain why he is entering?

of course he does. and makes money for subscribers and himself with his "stupid" interpretations of economic releases. i however find matt's (newstraderfx) analysis more comprehensive. but this is a totally different subject (different timeframes)

anyway, i like that i've stumbled upon some different views about felix. because when i started using his service i was amazed with what he was doing. not just trading, but what kind of person he is. he's taught me a lot of things, first of all, i'm not that lazy anymore . then, his ability to constantly learn new things, his organization skills. and at that time i thought: there should be definitely some people who're not going to like what you're doing, and i was right

[NickB]

Who doesn't like what I am doing? are you talking about NewstraderFX's unprofessional $150 per month skype room? I know they don't like me.