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Posts by
sharpiemomo
Newbie looking for guidance and support
in
New Traders
Apr 29, 2020 at 14:33
Paying for signals is useless because you don't know if they're reliable... unless the signal provider can show you a VERIFIED TRACK RECORD.Coaches are also useless because knowledge is freely accessible on the internet.... There is nothing a coach or guru can teach you that isn't already on the internet. Also most of these "coaches" are scammers and will never show you a VERIFIED TRACK RECORD.
Successful trading
in
New Traders
Nov 26, 2019 at 11:07
I highly disagree with people who just say "all you need is risk management". If it's true that all you need is risk management, just take trades with 20pip SL 30pip TP and just randomly take these trades. You will lose money because you don't have an edge. Trading is all about having an edge and increasing the probabilities towards your own favor. Of course without risk management you can't do anything, but just with risk management alone you are still nothing. You need an edge.
How to recognize a Forex Scammer ?
in
General
Nov 20, 2019 at 22:27
A scammer will have no MYFXBOOKOR like Samuel Leach... They will have a MYFXBOOK but they will own the broker (In this example Samuel Leach from "sandctrading" owns the broker "YLDFX" therefore he is able to manipulate the data on his MYFXBOOK). On Samuel's regulated accounts you can see the performance does not match or correlate at all with the performance on his manipulated trading account.Only trust MYFXBOOK's from regulated brokers.
Why Not
in
Trading Systems
Oct 28, 2019 at 11:17
Perfectly said.watch the video titled "How To Spot a FOREX SCAM!" by Samuel Leach (Watch this video from 4:20 and at 5:26). He goes on and on about how important FCA regulations are and if you don't have them this proves you are a scammer. He himself has now lost his FCA status.Also his Youtube live stream chat is manipulated. Any messages talking about him owning the broker or him losing his FCA regulation are blocked and can not be seen.
Why Not
in
Trading Systems
Oct 26, 2019 at 17:15
HE IS NOT REGULATED BY THE FCA! https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000003LHowsAADThere also is an article here https://www.lovemoney.com/news/78126/spot-forex-fx-trading-scam-real-fake-currencyIn this article it says "Samuel Leach, director of Samuel & Co. Trading, explains five easy ways to tell if that offer you’ve received is legitimate or a con."One of these reasons being:1. Lack of regulationThe first thing to check when you are approached by, or even considering, an apparent FX trading scheme is whether they’re on the Financial Conduct A...
Why Not
in
Trading Systems
Oct 26, 2019 at 16:59
Funny how he couldn't do this on Axitrader... no no no only when he sets up his own brokerage can he pull these stats off. Fusion on Axitrader. 60%DD 80% Gain. His own brokerage where he is in control of the data coming in and out meaning he can manipulate whatever he wants as he wishes. Why not on YLDFX 60%DD 31361% Gain.
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