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.
In 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 regulation The 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 Authority (FCA) register or warning list.
There also was a video where Samuel pointed to this and boasted about his regulation being a reason to him being a genuine FX trader and Educator. You can watch him ramble on about 'being regulated by the FCA' but he himself has now lost his FCA regulation status and is no longer regulated by the FCA. Watch this video from 4:20 and at 5:26 he shows that his FCA status means that he is trustworthy and safe BUT HE IS NOT! NOT REGULATED BY THE FCA!
simply setup an axitrader account deposit £2k and replicate similar stats. There are no excuses for the live stream trading to have not been same as the trading prior as GBP has been swinging still. But its just small wins small loses like a normal trader make every day it just a con to sell the cluster algorithm which is just some random dots that catch the occasional move but how many do you have to be stopped out of before you get the one.
G7FX posted: simply setup an axitrader account deposit £2k and replicate similar stats. There are no excuses for the live stream trading to have not been same as the trading prior as GBP has been swinging still. But its just small wins small loses like a normal trader make every day it just a con to sell the cluster algorithm which is just some random dots that catch the occasional move but how many do you have to be stopped out of before you get the one.
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.
The fact that hes not replying says it all. Lets start the challenge again £2k with axitrader and livestream it, the trading community will be impressed and it only takes a wk to make 1000% returns whats stopping you. I forgot you need access to the backend of the broker system with mt4 to manually enter in the winning trades and axitrader wont let you do that as there FCA regulated. In your videos its projected that your down to earth trading god but in reality your an excellent salesman of trading courses to less educated newbies. The thing is I could easily be proved wrong just start the challenge again. I don't know, I would say as well you could have 3 lives thats £6k to try and replicate them type of stats.
Oh dear - demo warrior exposed trading on a 'real' account. A real account that he has full access on the backend administrator.
It would be funny if it wasn't so damaging to the 100's of people hoodwinked into thinking this kind of trading is achievable. I believe he set out with good intentions...but has sold out to the $$ devil.
He states in youtube video words to the effect of: I was only aiming for a 10 pip profit. What you risked 30 pips overnight/over the weekend for a 1/3 risk reward (and you don't let your prop traders take overnights)...then magically he goes on to bank over 170 pips on it.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.