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Commercial offers should be backed by real, verified accounts vote results

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Commercial offers should be backed by real, verified accounts Discussion

speki
Dec 16 2010 at 09:34
735 posts
The title says it all - any commercial offers (EA, money management, tutoring, teaching, being a shoulder to cry on, etc etc) should be backed by a VERIFIED account that has REAL money in it.

No ifs, no buts, no excuses.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Marco Pearlo Encarnacion
pearlo
Dec 16 2010 at 09:46
127 posts
fully verified account plus broker not hidden
SIM
pip2cash
Dec 16 2010 at 10:09
423 posts
How admin is going to implement this? Is that open another section for listing of commercial offer account?

Cheers,
SIM
Steve B (stevetrade)
Dec 16 2010 at 10:10
1415 posts
Totally agree with this. Not sure how to enforce it other than splitting out the commercial and the non commercial accounts.
As it stands I believe the vigilant members of the site do their best to point out when one of the various elements are missing from an account but there are still always people ready to take a punt when they see the dollar signs.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
speki
Dec 16 2010 at 15:38
735 posts
Demo and / or unverified equity curves could be watermarked with a big, visible 'DEMO' and / or 'Unverified' text across the graph ... 35 people couldn't count on two hands the amount of times I've seen a demo curve on an EA seller's site ...
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Steve B (stevetrade)
Dec 16 2010 at 16:22
1415 posts
Watermarking demo/unverified charts is a great idea. Of course, I could knock up a 'MyFxBook' chart in about 30 minutes in photoshop to show pretty much anything I wanted to.

I basically disregard any MyFxBook details on a commercial website unless they lead directly back to a live account on here, and so should everybody else in my opinion.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Jason Wingfield (SavvyFx)
Dec 16 2010 at 16:41
19 posts
Absolutely agree, if you are offering a service to manage my money - show me that you can manage your own first! ;)
Fxpublisher Management Group (fxpublisher)
Dec 24 2010 at 12:23
187 posts
Hi
we agree with that, any method should be backed by a VERIFIED account that has REAL money in it.
-Safety of your fund is the most important thing in our trading
Joe (peptraderfx)
Jan 27 2011 at 00:59
87 posts
Just be Transparent with all your trades, positions, Leverage, gains, etc! What's to hide, why the insecurity? There's enough to go around for everybody! Je,je
The Turtle always wins the race!
bch159
Jan 30 2011 at 16:16
32 posts
Like the watermark suggestion - easy to implement and cuts through the nonsense about 'this is real i.e. it's not a backtest'.
SolarFX (forexma)
Feb 17 2011 at 09:14
1332 posts
What has been done? Nothing I guess.
There are still numerous money manager wannabies, fishing with demo account baits.
I think there should be button on each system to signal the administrator that it's a commercial offering, and after review it should be left if the account is verified and real or deleted/banned if it's commercial offering backed by a demo account.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
speki
Apr 24 2011 at 08:52
735 posts
Dear Staff,

how many 'Yes' votes would you like to see here so you'll consider introducing rules for commercial members? 😄
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
SolarFX (forexma)
Apr 26 2011 at 18:13
1332 posts

speki posted:
    Dear Staff,

how many 'Yes' votes would you like to see here so you'll consider introducing rules for commercial members? 😄

Obama will decide when.😁
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
pc8multifx (pc8multifx)
Apr 26 2011 at 18:54
879 posts
SolarFX (forexma)
May 26 2011 at 09:44
1332 posts

forexma posted:
    What has been done? Nothing I guess.
There are still numerous money manager wannabies, fishing with demo account baits.
I think there should be button on each system to signal the administrator that it's a commercial offering, and after review it should be left if the account is verified and real or deleted/banned if it's commercial offering backed by a demo account.

Obviously there's no will for this POSITIVE change this although it has so many votes.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Ethan (Staff)
May 26 2011 at 10:26
1401 posts
Guys, we do read every post in the suggestion box, problem is there are many different suggestions in this one suggestion, which I will sum up quickly:

1. Force the broker data to show on public accounts - implemented.
2. Watermark charts with demo/real text - still considering it (either watermark or a small redesign to include the data on top of the page).
3. Manually separating commercial from non commercial systems - there is no automated way of doing so, and doing it manually for more than 10,000 systems which are added on a monthly basis, would be impossible, to say the least.

So the only option now is number 2 - do you think it is sufficient?

As a side note, all of the necessary information which is required to decide if the account is valid (each one and his own criteria obviously) is fully available to each member (broker, demo/real, trading behavior and so on).
SolarFX (forexma)
May 26 2011 at 10:50
1332 posts
Staff posted:
    Guys, we do read every post in the suggestion box, problem is there are many different suggestions in this one suggestion, which I will sum up quickly:

1. Force the broker data to show on public accounts - implemented.
2. Watermark charts with demo/real text - still considering it (either watermark or a small redesign to include the data on top of the page).
3. Manually separating commercial from non commercial systems - there is no automated way of doing so, and doing it manually for more than 10,000 systems which are added on a monthly basis, would be impossible, to say the least.

So the only option now is number 2 - do you think it is sufficient?

As a side note, all of the necessary information which is required to decide if the account is valid (each one and his own criteria obviously) is fully available to each member (broker, demo/real, trading behavior and so on).

As per point 1 - THANK YOU.
As per point 2 - it would be a good idea.
As per point 3 - a nice option would be to have 'Commercial offering' button and if at least three people click on it(because only 1 click could be very subjective) you should check whether that system is trully a commercial offering, is it real and verified account and if not - you could remove that account. I know you couldn't manually filter 10 000 newly added systems and you don't have to. I'm talking only about those speacial systems you've received signals about. It will be probably no more than 2-3 systems/day.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
ForexScam
May 28 2011 at 00:13
1008 posts
How about this.

When a new account( System ) is uploaded, the user has the option to click a COMMERCIAL Icon below demo/real account. (System Setup Page) - The ability to check this Commercial box should only be possible after the user clicks REAL account.

Once the account is verified as Real with trading privileges, their account can be found in a NEW search criteria COMMERCIAL within the systems search criteria.

  At this point, All the accounts would have to be Real, verified, and the Member has to click the icon box to become listed in the commercial search criteria. ( this should be able be coded )

Now when a member wants to filter out commercial products, they can easily do so, just like the option to filter out demo/real and technical vs fundamental.





ForexScam
May 28 2011 at 00:21
1008 posts
Staff posted:
  
2. Watermark charts with demo/real text - still considering it (either watermark or a small redesign to include the data on top of the page).


We can already find the demo/real under the general Tab once we are on the systems page.

 And adding a watermark to the widgets can easily be edited out with photo shop. Wasted energy I think.

Just let the users decide if they want to be listed in the Commercial search criteria .

-- One more thing --

Community - Trading systems -
When we are scrolling through these discussions, an icon 'C' next to STARS rating would be an easy reference as ,' This system discussion is commercial. '
speki
May 28 2011 at 14:53
735 posts
Let me put this watermark thing in perspective. Suppose you see the following chart on a manager's website. Taken from an actual site.

<a href='' target='_blank'><img src=''/></a>

If I saw 'Demo Demo Demo', I probably wouldn't be interested in their services:

<a href='' target='_blank'><img src=''/></a>

I agree, it can be edited out but you'd have to edit it every day or every week to keep it updated.

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Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
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