Discuss 10Kto1MM.com (Henry Liu)

[Peaceman]

In addition, the member who discontinues should be able to send back the DVD Training pack for a refund as the training pack becomes useless if the member lost confidence in its contents and is not continuing with the program. The refund of this training pack is what stated in the sales pitch.

For at least two months of subscription, there was no trading signal. During this time, the weekly report often came out late. Its contents was inaccurate and misread the strong market direction. This is like a under delivered non existent service operation while the fees are being collected from the members. It fits the bill of a scam.

The forex peace army who is proud of exposing scam and bring the scam operation to justice has a big scam under the nose or at the door step. A lot of members would not have joined this 10kto1mm if not for the endorsement of the organizer as the special consultant to the forex peace army.

 

[sylviohenry]

Hi everybody,

I can say that i am stronger than Henry as a trader even if i am a beginner. I can send for free random signals to anyone and i do assure you that i won't burn anybody account in less than one year even if i make 14 losses in a row just like Henry. For those who want to continue with this guy, remember that in phase 2 :
- he wasn't able to win 1 trade !!! Not even one !!!
- He has moved every stop loss on every trades
- Even if a trade was in 100 pips profits, he didn't managed them and the profits turned into losses

Remember that trade copy (a new product) came with strong losses in phase 1 as CSR comes with strong lossed in phase 2.... What about trade copy now ? Henry is very, very clever ...

I don't think that Henry program is a scam. He is very clever. Read again the disclaimers of his products ... He said at the very beginning of this program that we should not invest money we cannot afford to loose ....

Even if I lost on year of hard earned money (900,00 € - what I made in my first year of rading as I invest 500,00€).I have to thanks Henry Liu for this great lesson !!!
- I will not buy any miracle trading formula !!!
- I won't be greedy !!!
- I will forget what happend to me and work hard to trade on my own !!!
- I will work my trading plan again and again
- I will setup my own rules and read them everyday !!!
- I will warn every trader I know about Henry Liu !!!

 

[Teodor Jackson]

Negativity, open attacks..

... what are you all up to?

Henry needs your money. He's so close to the target...

Eliecerforex will not pay for this all even if he stayed with him for the rest of his lifetime ;-)

Seriously - get out as soon as possible. Anyone. Including Eliecerforex.
That's my best advice. Since the first real trade I saw by my own eyes there.

 

[faxxaff]

Trading skills? As I've said repeatedly here before and will again, it's highly unlikely Henry makes his living from trading. He makes it from selling subscriptions, robots, services etc. If you and others that still think Henry trades for a living will just GET that, this will all make perfect sense to you; trust me!

I think your are right. This reminds me of the early days of his program when people had access to chat, traderoom and a forum. Whenever I had questions like why he favored GBP over EUR and asked about the fundamentals of his opinion, he ignored me. Instead he was explaining members about how he was unable to program his 'talking alarm clock.' While visiting his trade room of the mentoring program he had a song from a Rocky movie play before he would enter the room: "The eye of Henry", WTF!

The longer I think about it the more I am convinced this guy is nothing but a marketing talent with no FX skills whatsoever. His campaigns are not designed to deliver value, but to scam people out of their money.

 

[Marc Uhli]

Professional Scammer

"Understanding your own mindset is important, and the next time you find yourself thinking about the gambling scenario, do yourself a favor and cut your losses short, because it only takes one huge loss to undo what you’ve worked for so long…"

-Henry Liu

I got this from Henry's 10Kto1MM website. Big joke! And he is not even bothered about the mess he got everybody into. All the money that has been lost... and I believe a lot of people who joined this SCAM hasn't got much, and Henry Liu simply doesn't care. He's made his money now. He is laughing all the way to the bank.

When you see a product or service being advertised and sold by any company, it is the assumption that all deals are made in good faith.

In English law, theft was codified into a statutory offence in the Theft Act 1968 which defines it as:
"A person is guilty of theft, if he DISHONESTLY appropriates property belonging to another with the intention of permanently depriving the other of it".

According to Henry's own words he knew that he had to cut losses short and preserve the capital and yet he kept doing exactly the opposite. He broke all the rules he has created for the "system" he has advertised and sold. Therefore the service (10Kto1MM) that was advertised on his website has never been delivered. There is no service! He can't trade and was DISHONEST advertising and selling the service. He charged hundreds of dollars plus monthly fees for something that he couldn't deliver and is not even thinking about giving all that money back.
This is pure and simple theft!
The main purpose of this website is to warn and protect traders against SCAMs and yet I never saw any SCAM warning issued against Henry Liu.
This is serious and has to stop before more people lose all their money.
And if you are reading this and was thinking to buy any of Henry's "services", take all your money and go to a casino. At least you will stand a chance

Marcelo

 

[Boko Maru]

I think your are right. This reminds me of the early days of his program when people had access to chat, traderoom and a forum. Whenever I had questions like why he favored GBP over EUR and asked about the fundamentals of his opinion, he ignored me. Instead he was explaining members about how he was unable to program his 'talking alarm clock.' While visiting his trade room of the mentoring program he had a song from a Rocky movie play before he would enter the room: "The eye of Henry", WTF!

The longer I think about it the more I am convinced this guy is nothing but a marketing talent with no FX skills whatsoever. His campaigns are not designed to deliver value, but to scam people out of their money.

I was in the FXNewsWiz trade room in 2008, where Henry went by the moniker "Mr. X." Reviews for that service are on FPA.

https://www.forexpeacearmy.com/public/review/FxNewsWiz.com

During that period, there was this one EU trade. Net result -400 pips. On that one trade (that has since become legendary), he kept moving the stops, adding to the losing position, etc. Sound familiar? Sounds like this UCHF trade I keep hearing about in 10K to $1MM (btw, Henry first conceived of this $10K to $1MM thing in the FxNewsWiz days; back then he called it "The Millionaire's Club", although it wasn't initiated back then).

Whether Henry is an outright scam or not I don't know. I think he had one 90 day period of success in 2008, and he's been trying to replicate it ever since, but failing miserably at every turn with all these different services, trade rooms, robots, etc.

He's clearly traded very poorly. Most of the error's he's made are classic rookie mistakes that any veteran trader shouldn't still be making. Has he set out to purposely bilk people of their money? Probably not. I think he keeps hoping he will finally get it right "this time."

I actually have no major issue with Henry having traded poorly. I DO have a problem with the fact the represents himself to newbs as a big "guru" when he isn't. If people keep falling for it, well like I've said the warnings were there, and then there's the whole "fool me once shame on you; fool me twice, shame on ME" thing.

I'm sorry people are still getting hurt, but I can say that Henry hasn't gotten any more of MY money since the FxNewsWiz debacle...

 

[Boko Maru]

BTW, for anyone who's interested, here's "The Millionaire Club" pdf that Henry put out to FxNewsWiz members back in the "good old days."

 

[faxxaff]

WOOOOWWWW .... Henry sends out new trade. While GBPJPY trades at 135.72 he makes the following recommendation:

12:25 PM EST. [10K] BUY LIMIT GBPJPY 132.00 (.....)

Pretty far off of the market prices. Mighty Vision!
You also have to consider with 12 lots of leverage a movement of 20 to 30 pips against entry will cause another margin call. What a joke.

 

[Peaceman]

WOOOOWWWW .... Henry sends out new trade. While GBPJPY trades at 135.72 he makes the following recommendation:

12:25 PM EST. [10K] BUY LIMIT GBPJPY 132.00 (.....)

Pretty far off of the market prices. Mighty Vision!
You also have to consider with 12 lots of leverage a movement of 20 to 30 pips against entry will cause another margin call. What a joke.

He is trading at 1.9 lot size for this GPYJPY trade call. With a stop loss of 100 pips this is risking about 8% out of the existing balance of $2400. But if he starts to move his stop loss to 200 pips, then the risk will be 16% which is high.

He may start to change the stop loss because the entry price is more than 300 pips away from the current price. If the current price were to move down more than 300 pips to hit the entry price, the momentum may be so strong that the 100 pips stop loss may not hold. From his past trading style, he may change the stop loss to 200 pips to ride out this volatility as he called it.

From this trade call, it appears that it will be a long time to get the $2400 back to the 10k account if ever he can achieve it.

 

[calp]

He is trading at 1.9 lot size for this GPYJPY trade call. With a stop loss of 100 pips this is risking about 8% out of the existing balance of $2400. But if he starts to move his stop loss to 200 pips, then the risk will be 16% which is high.

He may start to change the stop loss because the entry price is more than 300 pips away from the current price. If the current price were to move down more than 300 pips to hit the entry price, the momentum may be so strong that the 100 pips stop loss may not hold. From his past trading style, he may change the stop loss to 200 pips to ride out this volatility as he called it.

From this trade call, it appears that it will be a long time to get the $2400 back to the 10k account if ever he can achieve it.

Peaceman, a more accurate analysis of this trade is that Henry is stalling for time, just to enable hime to pick up another lot of monthly fees. This is the worst signal I have ever seen. No trade signals for 2 months, so he has decided to throw in a bit of a red herring for now. Imagine, the GY has to drop 350 pips, and even if it did then what you say above will most likely come to fruition. I bet Henry will cancel this trade in due course and issue a new one, just to keep folks interested and hopeful. I'm cancelling my subscription NOW.