Problem G7FX Nirav NV Scammer

[Kabbalist]

You will see that I said his average monthly return was over 70% so I used that as the monthly return. Starting at 5k compounding I get £2,913,111 after 1 year.
Even with 40% I'm pretty sure it's over 200k I get £283,469

This is pretty awkward as one of us is wrong and looks a bit of a dick

Guys, come on!
The theory is great in compounding but in reality, do you really want to be risking hundreds of thousands or even millions on one trade!??

It's a great mental exercise but in practise it just doesn't fly.
And I've noticed something else in these kinds of discussions: the more cynical amongst us out there clearly do not recognise altruism when it hits them in the face. NV is a trader, a businessman but is also an altruistic guy. I don't see the disconnect here. It's like, "if you can make loads of money why share your methods or your success?".
Well, this guy did! Simple as that. We are all used to "Forex Gurus" right? Spouting they can help you to become multi millionaires with a couple of videos and a quick opening of an account. It is bullshite. NV DOES NOT promise this ****. What he does promise is a class course on how to trade in an institutional manner. And he charges a fair price for it BECAUSE he worked hard putting it together. Guys if you want quality then I'm afraid you gotta pay a little bit of money for it! Simple as that. If it matters so much that you have to know where he worked, how long he worked there for, what sandwiches he ate, how many times he's been married, what aftershave he wears... Then to be honest, this is almost certainly not for you. And before anyone slates me, calls me a shill, tells me I'm in bed with NV or that I've been paid to respond in this way, know very well that I speak entirely for myself.In other words all opinions are mine and mine alone.

 

[AlGreen]

Guys, come on!
The theory is great in compounding but in reality, do you really want to be risking hundreds of thousands or even millions on one trade!?

Why not risk a decent amount of money on a trade if its all profit anyway and your lowest month is still +40% and you have a very low drawdown?

I note the 'people' defending him have only opened their accounts to defend him and have no other activity

 

[RunningBull2.0]

Why not risk a decent amount of money on a trade if its all profit anyway and your lowest month is still +40% and you have a very low drawdown?

I note the 'people' defending him have only opened their accounts to defend him and have no other activity

What you just said there is exactly what I was waiting on. You said you’re a beginner so obviously that’s expected, that’s fine.

You’re looking at trading like “it’s house money anyway so who cares if i lose”, “why not risk a decent amount of money it’s all profit anyway”, that is a gambling mindset, and it’s not the mindset of a professional trader. If you lose money, you lost YOUR money, not just some magic profits that you won. It’s the wrong mindset man. It’s all about the stats, and this is exactly what NV stresses about.

“I note the 'people' defending him have only opened their accounts to defend him and have no other activity” and here we go another thing to argue about and take us away from the real point in question - is NV legit or a scammer? You only made an account to comment on this forum so what the hell does that even matter.

 

[AlGreen]

I was talking about opening a side account with 5k you are willing to lose and just deciding to compound it in addition to his normal account. If his reported past performance over the last few years is to be believed he'd be extremely rich very quickly. If he was having some up and down months I'd agree with you.
Nothing of what he says or does stands up to any scrutiny. I'm not saying there isn't good content in his course, after all they're is a hell of a lot of good content out there for almost nothing but it's so obvious to me that he deliberately misleads.
He's got a screenshot of his LinkedIn screen as 'proof' of his credentials for God's sake as well as all the other little clues that have already been alluded to.

 

[Kabbalist]

What you just said there is exactly what I was waiting on. You said you’re a beginner so obviously that’s expected, that’s fine.

You’re looking at trading like “it’s house money anyway so who cares if i lose”, “why not risk a decent amount of money it’s all profit anyway”, that is a gambling mindset, and it’s not the mindset of a professional trader. If you lose money, you lost YOUR money, not just some magic profits that you won. It’s the wrong mindset man. It’s all about the stats, and this is exactly what NV stresses about.

“I note the 'people' defending him have only opened their accounts to defend him and have no other activity” and here we go another thing to argue about and take us away from the real point in question - is NV legit or a scammer? You only made an account to comment on this forum so what the hell does that even matter.

Why not risk a decent amount of money on a trade if its all profit anyway and your lowest month is still +40% and you have a very low drawdown?

I note the 'people' defending him have only opened their accounts to defend him and have no other activity

Al, yes I opened the account on here to reply to you and this thread. Man, what is your problem? You literally are trying to find various ways to just "argue" . Do you NEED NV to be a scammer? And then you'll be happy? If that's what you need then just believe it and let it lie. Does it matter what I say as someone that has taken his course? I bought the course, it has worked for me, what do you want now? You feel you need extra validation to try to find holes in the education? OK, suggestion : why not speak to those who have actually taken the course. Or, better still, take it yourself! See how much of a scam it is eh? Nothing like doing something first hand right? No one else to rely on, just yourself.
Al, man, come on. Make love not war. If it isn't for you, then fine! But yes, I will defend those that deserve defence and I'll condemn those that do not. I have no beef with you personally, just with your attitude to that which you have not experienced for yourself. And finally, as for the compounding argument, again, if you trade seriously you don't just decide, willy nilly, to risk ridiculous amounts of profit just to "take a chance" on doing some crazy huge over - risk routine which may or MAY NOT work. This is small - minded retail idealism. Not for a serious trader. Respect.

 

[Fruiters]

Gary, when you next see NV down the pub tell him that he can request his employment history on the UK government website. He can then paste it on his website and will undoubtedly show us all that he is an ex-institutional trader with 16 year's experience.

 

[Kabbalist]

Gary, when you next see NV down the pub tell him that he can request his employment history on the UK government website. He can then paste it on his website and will undoubtedly show us all that he is an ex-institutional trader with 16 year's experience.

Will do mate. Cheers.

 

[Kabbalist]

Gary, when you next see NV down the pub tell him that he can request his employment history on the UK government website. He can then paste it on his website and will undoubtedly show us all that he is an ex-institutional trader with 16 year's experience.

Will do mate. Cheers.

 

[AlGreen]

Someone just sent me this. I think this was Nirav a few years ago during his institutional trading days.

 

[RunningBull2.0]

Someone just sent me this. I think this was Nirav a few years ago during his institutional trading days.
View attachment 60659

Mature mate. Seen it already and I’m sure everyone else has.

LOOK! A guy in his living-room ) Must be a scammer.

I’m sure Jeff Bezos doesn’t wear a suit and sliders in his living-room