In post
#6 of this thread, I exposed NV's FX Trading style and Myfxbook manipulation. It shows how his trading style can blow accounts, how he manipulates his myfxbook results and how/why he won't keep an FX account running for more than a month.
He is at it again with another myfxbook update for March, laughing and making fun of all these exposing claims and also laughing at people who say that "He runs many myfxbook accounts in parallel and only posts results from positive ones". He laughs saying if he runs 50 accounts with 1K each, thats 50K being risked to show fake profits etc etc
Firstly, no one (atleast not me) said he runs 50 accounts. He runs "multiple" accounts and by raking in, by conservative estimates, almost £1-£2 Million selling Fake Courses/Mentorships, he can afford to do that.
So lets backup that claim first. He is happily showing March myfxbook,
what happened to the February one ?
Yes, he was trading FX in February 2021, and yet there is no myFXbook results for that month.
Did he blow the account? I am sure he will make excuses or say he did not trade for the whole month etc Lets just get the myfxbook results anyway for February and see what happened for transparency.
People/traders/scholars! should demand for him to provide the link for February to see what happened otherwise he in manipulating stats and my claims of him blowing accounts using his trading style will be true.
How do I know there should be a February myfxbook ? Because he posted his FX Fills. See Below:
Now lets talk about the March MyFxbook.
Here is what it looks like -
https://www.myfxbook.com/members/VerifiedTrading/g7fx/8122363
Using the same principles from my post #6, we can see that:
Expectancy is £36.05 per trade. Total Trades were 168. So Total profit was 36.05 x 168 = Roughly £6056.40
As he was 60% up for the month, that means his account size was £10K. i.e He made 60% profit on a 10K account, which meant profit was around £6056.40 or 6057.10 as his myfxbook shows. Simple maths.
So he finally decided to up the ante, instead of 1K accounts he used previously (proven in post #6), he is now using a 10K account.
So trading style. Again, as shown in post #6, the strategy is based on heavy buying/selling as price approaches key levels. It is then based on hopes and prayers for price to bounce so he can make some quick profit.
As you can see in red boxes, as price is going against him, he is opening more positions. As soon as the price dropped and he was in profit, he closed everything. He opened
15 LOTS in parallel, that's right
15 LOTS on a 10K account. That's £150 per pip!! What a Guru, What amazing money management by this genius Institutional trader.
And see, what was the target? 4 - 10 pips. He closed all trades together at 14:34. Now lets say he was operating a 1:1 risk reward ratio and had a stop loss of 10 pips. If this trade went wrong and everything hit his 10 pip SL, that would be a loss of £1500. Which is
15% loss of his account. Which Guru teaches that? even the pathetic fake ones do not do it. But this institutional legend trades like that. I bet you cannot wait to learn this method
I am sure, whatever your FX knowledge is, you can tell that this is a disaster waiting to happen. When accounts blow up, he hides them (as he did for February most likely). Even if February did not blow up, lets see it for transparency, what do you say ?
One more thing to add. So lets ignore the above (which is pretty hard to ignore) and lets say he can successfully make 60% on demand from FX every month. Why Withdraw? Why not keep the account running. He is apparently making £2K a day from Future trading so clearly does not need this money. So why withdraw. Why not leave it in there and compound it ? I am sure I do not need to teach this institutional trading legend how compound interest works. I am sure he was taught that in business school. But lets for fun, see what he can make in a year if he were to compound his account (reinvest the profits).
That's right. He will make
£2.8 Million in a year !! What if you do it for 3 years? It jumps to
223 BILIION.
So NV can make 223 BILLION in 3 years and choses not to. What a Saint!
Why doesn't he do it, because he can't consistently make such returns. And if you cannot consistently make returns, you should not boast about short term gains. #TypicalFakeGuru
I say, instead of this stupid
25KChallange, why not do a
£2.8 million a year challenge and shut everyone up? So that's starting with a 10K account, making 60% every month, reinvest profits, not making a withdrawal, keep myfxbook running for all to see. Traders, Scholars, please ask him to do so and lets see if he does it. Who doesn't like £2.8 Million a year eh
To end this post, I will tell you what this Fake Guru does. Plasters his 60% gains all over his social platforms and even emails new customers to mislead them.
We have proven he made £6K profit and his deposit was £10K, but he emails customers saying he made a
£16000 withdrawal (Over $20K) and look at the text where he says
"This email can Change your Life!!"
If all the above is not Fake Guru BS, then please tell me what is. #CaughtWithPantsDownAgain
P.S - Competitors don't hate you NV. People despise you because you are a #NastyScammer
