G7FX NV Nirav Neerav Vadera Exposed as a Scammer Fake Guru

ManzilFX

Private, 1st Class
Messages
47
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:

Feb_FXBook.jpg

Now lets talk about the March MyFxbook.

Here is what it looks like - https://www.myfxbook.com/members/VerifiedTrading/g7fx/8122363

march21 fxbook.jpg

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).

compound_interest.jpg

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


email.jpg


P.S - Competitors don't hate you NV. People despise you because you are a #NastyScammer
 
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Messages
3
This topic is so ridiculous, that I've decided to create an account just to say what I think of it.
I've finished G7FX's course, and I must admit that I've got it online, from "not so legitimate" sources you all know lol
As weird as it seems, I actually plan to maybe pay him for it in the future, yet it is a really expensive course I couldn't afford right now.

I don't get one little thing here - do you guys actually know this guy personally? That is why you hate him so much? Because ManzilFX is actually talking a lot, but not understanding what this course is all about.
Is this course entirely unique? No - you can get certain elements for free on blogs like Tradingriot.
But how the hell could it be unique, when Auction Market Theory is here since 80's?
Does this course work? Yes it works and transformed my approach, because it is just momentum based trading, relying on real data, not made up, colorful bull**** (I've tried NNFX approach and so called "algos").
Is it too expensive? Probably yes.
Is it too long? Definitely yes - a lot of topics could be covered in shorter materials.
Is it complete? No, it is not. Even if it made me understand the market for the first time in my life, it missed a piece - for me, that piece was Wyckoff Methodology and study of market structure.

Seriously, get a life and stop wasting your time on hating others.
If you do give a damn if G7FX actually worked at Barclays or whatever - don't buy his course, because it is not for you anyway. But if you care about the methods and want them to work properly - it is definitely worth it.

And one more thing - it's no wonder why NV is making fun of Forex traders.
I've had an episode with Betfair in 2013 and thought that it was "not so serious", but you guys prove that Betfair trading was far more professional than what you do here, because it was based on simple supply and demand laws.
If you want to see a bunch of financially illiterate morons in one place - go to Forex retail trading room.
 

ManzilFX

Private, 1st Class
Messages
47
here comes another NV lover. Very similar to those 5-star reviews he gets on Trust Pilot.

So the facts I showed and evidence provided was SO bad that you decided to create an account and post about it. So much love for a #FakeGuru and you did not even buy the course. Wow!

You haven't proven any of the FACTS wrong, You did not even buy the course and yet here you are defending a scammer without any evidence.

Just more BS really. We will let the readers decide who they trust the most. A nobody who fell in love with a stolen course OR an experienced trader (who isn't a competitor), who paid for the course, spent a long time in the inner circle and shows proof/evidence to call NV a scammer!

and btw, I am not a hater and neither an average forex trader actually. Head over to my Instagram and have a look for yourself. I love to expose scammers, and NV is a #NastyScammer.

If the course works for you, great. That doesn't prove he isn't a scammer!

Thanks for stopping by. You have the right to share your thoughts. But it would have been useful if you created an account to post something useful to help others, instead of defending a #FakeGuru without any evidence.
 
Messages
3
here comes another NV lover. Very similar to those 5-star reviews he gets on Trust Pilot.

So the facts I showed and evidence provided was SO bad that you decided to create an account and post about it. So much love for a #FakeGuru and you did not even buy the course. Wow!

You haven't proven any of the FACTS wrong, You did not even buy the course and yet here you are defending a scammer without any evidence.

Just more BS really. We will let the readers decide who they trust the most. A nobody who fell in love with a stolen course OR an experienced trader (who isn't a competitor), who paid for the course, spent a long time in the inner circle and shows proof/evidence to call NV a scammer!

and btw, I am not a hater and neither an average forex trader actually. Head over to my Instagram and have a look for yourself. I love to expose scammers, and NV is a #NastyScammer.

If the course works for you, great. That doesn't prove he isn't a scammer!

Thanks for stopping by. You have the right to share your thoughts. But it would have been useful if you created an account to post something useful to help others, instead of defending a #FakeGuru without any evidence.
Blah, blah, blah...
Who says that you are an experienced trader? Santa Claus?
I am an experienced trader myself - told you that I've started trading on Betfair, which was actually really similar to Futures Trading. BTW. No, "experienced" is not a synonym for "successful".
Yes, I did not buy a course - does it change anything? If I pirate new Star Wars movie than my review is somewhat irrelevant?
Look, I am not a lover - I don't know this guy and I know that this course could be more complete and shorter.
Yes, I've proven you wrong - you just don't read between the lines. In one of your posts you said that his strategy is based on "hoping the price will bounce off key levels", when this is not the case.
First of all - G7FX is not providing ANY strategy. It is just simple understanding of market mechanics - you can develop different 999 strategies based on this approach.
Get Mind Over Markets in PDF online and you will get 1/3 of NV's course.
Or maybe MOM is a "scam" as well?
Your evidence was not "so bad" - it was so focused on wrong things.
You portrait this guy as some con artist that steals others money, when he:

a)developed his own understanding based on classic trading materials
b)put a course together

Is this that type of scam, where you pay money and get what you wanted, learning something?
Of course, yeah, he "steals" material from privatebanker and SMB - looks like they invented VWAP - which is popular in retail circles as well, and composite value areas.
ICT is teaching Wyckoff stuff with made up fancy names like "breaker block" and I don't see so much hate towards this guy.

G7FX's course stands for about 1/6 of my market understanding right now - it is not a Holy Grail, but in the end - it is an extremely valuable introduction to serious trading, so - not a scam.

I've scrolled through your Instagram - nothing really caught my eye. What should? Trading without stop loss to "avoid manipulation"? Tweezer top formations? Android screens that could be made up in paint in like 3 minutes? Give me a break.
 

ManzilFX

Private, 1st Class
Messages
47
Jeez man, you got issues. I wanted to stop reading at "I don't know this NV guy".

You clearly haven't even read the review or the posts in detail have ya?

The comment around his strategy of "hoping the price will bounce off key levels", is about his FX trading style, not futures. If you would have read the reviews, you would have known that. You've come here with an agenda to discredit everything which is discovered by genuine students, it's not gonna work sadly

To reply to your points:

a)developed his own understanding based on classic trading materials (Nope he didn't. Copied from the private banker and SMB capital. If you read the reviews, you would have noticed that)
b)put a course together (like that is hard to do).

You are yourself accepting that the guy copied content. SMB capital have said he was a student last year, students have shown he has no prop trading firm experience, he ran G7FX fund selling signals & managing other people's money, his myfxbook is manipulated, he charges money for mentoring for stuff which was part of the original course, his marketing is full of lies, his FX trading style will lose you money, he has lied about his experience and his past etc. You haven't commented on a single one of those things. and yet painting him as a great teacher! You really are an experienced trader then.

and btw, Christmas is coming, I can check with Santa what kinda trader I am. I hope he gives me a thumbs up. And yes, ofcourse I create my trading results in photoshop (stopped using paint a while ago)

Anyway, this is not a review of you and me. So you shared your thoughts, got a reply. End of chatting. Lets not spam anymore unless you have something useful to say. Your posts are full of blah blah blah instead of something constructive and I won't be giving you another reply.
 
Messages
3
Jeez man, you got issues. I wanted to stop reading at "I don't know this NV guy".

You clearly haven't even read the review or the posts in detail have ya?

The comment around his strategy of "hoping the price will bounce off key levels", is about his FX trading style, not futures. If you would have read the reviews, you would have known that. You've come here with an agenda to discredit everything which is discovered by genuine students, it's not gonna work sadly

To reply to your points:

a)developed his own understanding based on classic trading materials (Nope he didn't. Copied from the private banker and SMB capital. If you read the reviews, you would have noticed that)
b)put a course together (like that is hard to do).

You are yourself accepting that the guy copied content. SMB capital have said he was a student last year, students have shown he has no prop trading firm experience, he ran G7FX fund selling signals & managing other people's money, his myfxbook is manipulated, he charges money for mentoring for stuff which was part of the original course, his marketing is full of lies, his FX trading style will lose you money, he has lied about his experience and his past etc. You haven't commented on a single one of those things. and yet painting him as a great teacher! You really are an experienced trader then.

and btw, Christmas is coming, I can check with Santa what kinda trader I am. I hope he gives me a thumbs up. And yes, ofcourse I create my trading results in photoshop (stopped using paint a while ago)

Anyway, this is not a review of you and me. So you shared your thoughts, got a reply. End of chatting. Lets not spam anymore unless you have something useful to say. Your posts are full of blah blah blah instead of something constructive and I won't be giving you another reply.
Do you know what 'scam' really means?
If you are warning other people, you should take their business into consideration.
But you are not - instead, you just don't want course creator to make money, because he is a 'scammer' in your mind.
Everyone "steals" - there is nothing new under the sun and SMB "steals" from J.Dalton's books.
As long as you get what you paid for - it is not a scam. And if NVs really a dishonest thief? I don't care.
 

FxMaster

Lt. Colonel
Messages
10,084
Some links to get the idea from both parties

https://www.forexpeacearmy.com/community/threads/g7fx-nirav-nv-scammer.68123/
https://www.forexpeacearmy.com/comm...av-vadera-verifiedtrading-g7fx-exposed.68391
https://www.forexpeacearmy.com/community/threads/neerav-nirav-vadera-g7fx-exposed.68532
https://www.forexfactory.com/thread/465083-nv-trader-is-not-credible-ex-institutional-trader?page=6

OR

g7fx
 

Antwan64og

Recruit
Messages
3
I’m impressed at your research skills, as a former financial investigator I know it takes quite some time with a lot of dead ends.

like you I made some genuine enquiries as I looks good on the surface with all the right key words being thrown in.

I know retail FX is BS in reality as the only information you get is price, time and tick volume. Knowing that I still trade it as its fast and fun and some days I feel like a trading god untill the market turns.

I’ve asked them how they trade non centralised markets as this is what is advertised when what they teach is about centralised markets and doesn’t apply from a real data perspective. The response earlier this week is below. I actually asked if they infer levels from the futures market for retail trading, the reply doesn’t even make sense.
Those GBPJPY trades must actually be CME futures that somehow are in micro lots and transposed to myfxbook

Can anyone point to any legitimate sources for learning this stuff in an organised fashion?
I actually have system running footprint/CD and volume profile data for futures on MT5 but it’s glitchy as fduk.
It runs perfectly on MT4 but thats fun than actually useful
 

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AlGreen

Private
Messages
13
Jeez man, you got issues. I wanted to stop reading at "I don't know this NV guy".

You clearly haven't even read the review or the posts in detail have ya?

The comment around his strategy of "hoping the price will bounce off key levels", is about his FX trading style, not futures. If you would have read the reviews, you would have known that. You've come here with an agenda to discredit everything which is discovered by genuine students, it's not gonna work sadly

To reply to your points:

a)developed his own understanding based on classic trading materials (Nope he didn't. Copied from the private banker and SMB capital. If you read the reviews, you would have noticed that)
b)put a course together (like that is hard to do).

You are yourself accepting that the guy copied content. SMB capital have said he was a student last year, students have shown he has no prop trading firm experience, he ran G7FX fund selling signals & managing other people's money, his myfxbook is manipulated, he charges money for mentoring for stuff which was part of the original course, his marketing is full of lies, his FX trading style will lose you money, he has lied about his experience and his past etc. You haven't commented on a single one of those things. and yet painting him as a great teacher! You really are an experienced trader then.

and btw, Christmas is coming, I can check with Santa what kinda trader I am. I hope he gives me a thumbs up. And yes, ofcourse I create my trading results in photoshop (stopped using paint a while ago)

Anyway, this is not a review of you and me. So you shared your thoughts, got a reply. End of chatting. Lets not spam anymore unless you have something useful to say. Your posts are full of blah blah blah instead of something constructive and I won't be giving you another reply.
I'm pretty sure a lot of these accounts that are created to defend NV are NV himself. Excellent research, it is painfully obvious that NV is a scammer after all the proof provided. Even if someone didn't want to look into all the evidence then the compounding issue tells you everything you need to know. There is literally no good explanation for going to the trouble to upload a new account every month and take your money out, unless you like creating unnecessary work for yourself and remaining poor. He reports no losing months and low drawdown, if he'd compounded just 10k (which is nothing to a former prop trader). He'd have over 5 million in one year....and 3.5 billion in 2 years. He's been reporting these results for like 10 years and days he won't compound because he needs the money and would be risking a lot per trade - that doesn't stand up to scrutiny when you have low drawdown and never had a month lower than +40%.
Please guys save your money.
 
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