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Buyer Beware

Discussion in 'Has anyone heard of?' started by tlwatchman, Nov 3, 2010.

  1. tlwatchman

    tlwatchman Recruit

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    If you attended the Forex Bully seminar it sounds almost word for word like the Great Event Robot seminar which was nothing more than a recorded seminar that sounded like a live seminar.

    The wording is virtually same, the bonuses, the same rip off values. You should be careful.

    FPA should check these guys out.

    TL Watchman
     
  2. TromS

    TromS Private

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    Thank you for information! It will be helpful especially for newbies.
     
  3. jbmaverick

    jbmaverick Private

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    Beware indeed

    Also, they've been sending out the supposed live results of their trading...Well, the overall results do look impressive, however if you go through them trade by trade, as I did, you'll find a number of places where - if you'd had the misfortune to start trading with a $10,000 account right at that point - your account would have been completely wiped out in as few as 8 trading days (Yeah, I found one spot where it took a mere 5 trades to completely eradicate $10,000). And this is true on both their "conservative" and "aggressive" strategies (In fact, I think it was the "conservative" one that suffered the horrific 8-day $10,000 wipeout).

    Now, admittedly, if you could have bankrolled the thing with, say, $50,000, you might have survived and done very well...but I don't know too many traders who have that kind of capital to START Forex trading with (I know I certainly didn't!).
     
  4. EarnBigBills

    EarnBigBills Private

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    I actually had to try it anyways, so I ran the thing with fixed micro lots, by default the settings are 45pips TP and 180 SL. I left it going for about a week and the thing was going relatively fine until the last 3 trades. -180 pips on each one. So total for the week -402 pips. Results provided from a live account. So good thing it's off the market because it was worthless anyways.

    At the moment I'm still fighting to get my refund. Will keep you posted as soon as I get a verdict from Plimus.
     

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