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would you buy a system from ebay ?

Discussion in 'Beginners Bootcamp' started by lex7775, Aug 24, 2011.

  1. lex7775

    lex7775 Banned

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    i mean ebay itself is a nightmare
    but i found something that looked really really interesting ..
    he has myfxbook statistics promises 200% return in 1 year and money back guarantee
    price 500

    which facts am i missing ?
     
  2. Pharaoh

    Pharaoh Colonel

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    Most positive reviews for a forex product on eBay only really mean that the product was delivered and initially worked. You don't get to test if for 60 days and then give it a bad review if it wipes out your account.

    Be careful of MT4 statistics sites. Some allow data to be tampered with or "filtered". Ask for investor access to a LIVE account buying the system. If they are afraid you'll copy trades, ask them to let you check it on the weekend and they can change the password on Sunday afternoon. Tell them to submit it to the FPA's Performance Testing if it's really that good.
     
  3. f-man

    f-man 4Xangels Representative

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    Be carefull

    There are many systems offered everywhere that promise you the world!

    Is it an EA or a manual trading system?
    Try to find recent reviews about the system. What is the name of the system? Is it listed in FPA?

    Is it sold from the developer or from someone else?

    Read the TOS. Is there money back guarantee? Even if there is, many software developers will not respect it:mad:

    If you submit more information, you will get better feedback from the members of the Forum.
     
  4. DiF0r

    DiF0r Private

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    I don't see a problem with buying systems and EA's on Ebay.. But be careful, like someone already mentioned, the statistics can be false
     
  5. lex7775

    lex7775 Banned

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  6. bigbear8481

    bigbear8481 Recruit

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    Hey lex,

    if it sounds to good to be true, it is. The best traders in the world do not share what they do, why would they? There are some honest folks out there, but for the most part it is all crap. Just look at the list right here at FPA.

    I would never buy any trading system from e-bay.

    You can fake any results, anywhere. Myfxbook is not rock solid proof. Also, if anyone ever promises you any return, they are lying. How can you promise a return and then at the end of the page is the disclaimer of past results do not guarantee future results?

    Just skip it..

    :cool:-Bear
     

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