Market Traders
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Honesty
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Quality
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Cost
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Support
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Verified Trades
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User Experience
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Summary
Market Traders is a company shrouded in controversy.
Ex-employees allege fraud. Current and past students have filed a massive amount of complaints on various online forums.
A “money back” refund policy that appears to be as worthless as wet toilet paper. A shit show of marketing chicanery, misrepresentations, and performance huff-puffery.
Owners of company narrowly escaped extended prison sentences for money laundering, securities fraud, and wire fraud for their involvement in a $220 million dollar Ponzi scheme. Owners of company operated a Forex brokerage that was shuttered by the NFA and fined $250k. US criminal investigators described this Forex company as a massive money laundering operation. Absolutely avoid.
Thanks for reading today’s review of Market Traders Institute
What is Market Traders Institute? The company is a day trading educational company that specializes in the Forex markets. The company was founded in 1994 by Jared Martinez. The business is located at 3900 Millenia Avenue, Orlando Florida.
Jared Martinez describes himself as the “Big Chief” of Forex trading. He drives a Rolls Royce with the license plate “Forex Chief”. Various online publications tell the quaint story of how Jared grew up dirt poor, with no shoes, on an Indian reservation in Montana. At some point in history, Jared discovered day trading and has been “taking scalps” ever since.
At some point in time, Jared’s children (there a quite a few) also discovered the awesome power of day trading, joined the company, and they have also become proficient scalp-takers. In particular, I enjoy the personal testimony of Jacob Martinez. He describes himself as a former personal trainer that could not afford to fix his car or feed his wife. After struggling for 6 months to save up an extra $500, he invested this money into the Forex markets and turned his $500 into $39,000 in only 6 months by day trading. Since turning his $500 into $39k, in only 6 months, he decided to spread his financial love onto a desperate humanity.
All kidding aside, it is pretty amazing what this family of Forex gypsies has been able to accomplish. To have come from some such a poverty stricken region of the United States, and end up driving a Rolls Royce around Florida is quite an accomplishment. But before we crown Jared and his kids the second coming of Sitting Bull, Crazy Horse, or War Eagle, we should probably take a closer look at exactly what these guys are selling. Which of course, is a “day trading education” at $7,995 per person.
Market Traders Institute: A closer look
First things first. Over the years, the Market Traders Institute has occupied a massive amount of online web addresses. The following are only the active websites, but TradingSchools.Org was also able to identify dozens of other websites that are now defunct. Let’s take a look at just the currently active websites:
- MarketTraders.com
- InvestorInspiration.com
- DailyForexOutlook.com
- ForexWeeklyUpdate.com
- DailyEquitiesOutlook.com
- UltimateTradingPlaybook.com
- TradingBottleNeck.com
- TradingBluePrint.net
- PipsWithJosh.com
- ForexCollegeCourse.com
In addition, there are various social media profiles related to the company:
This is only a partial list. There are quite literally dozens of related social media profiles and related brands to the company. It’s is a big company. With lots of employees.
Marketing Outreach
Market Traders Institute has a massive advertising budget. A review of market analytics software SEM Rush revealed that Market Traders Institute is currently spending an estimated $8,000 to $22,000 per month in Google pay per click advertising.
There are currently 300 – 400 advertisements concurrently running on just Google. These ads are targeting over 6,000 keywords. There are hundreds of landing pages attached to these ads. The ads trigger at just about any term related to Forex, day trading, work from home, futures trading. Just about anything related to “Home Based Business Opportunity” will trigger an ad for Market Traders Institute. The target market is anyone looking to make money from home.
In speaking with the marketing director at SEM Rush analytics, he estimated that there is likely a full-time team of 3 individuals that manage an account of this size and scale. It is quite simply a massive advertising effort.
To give you some perspective on the size and scale of the operation, the following YouTube video (which is expertly produced) shows the Forex Big Chief ‘Jared’ and his Forex little squaw ‘Joshua’ giving the audience a walk through of the sales facility.
As you can see from the above video, the marketing operation is quite extensive, elaborate and expertly managed.
Marketing Efforts
As you can imagine, TradingSchools.org has received a massive amount of correspondence from various parties related to this business. The vast majority are unfortunately complaints from individuals that purchased various sales packages that are presented in an ultra-slick format. The marketing appears to be a sort of primrose path, where a person is drawn towards an online advertisement and then lands on one of the various landing pages.
The landing pages usually contain an amazing story of making massive amounts of easy money in the Forex markets. All a person needs to do is use the magic trading software and simply “push the button” and profits will begin to appear. The following are a couple of the video’s that speak of easy profits for everyone involved.
Simply amazing. Just wait for three green bars and start buying Forex as fast as possible. Or, wait for three red bars and start selling Forex as quickly as you can hit the mouse button. Like an ATM machine, these magical trading indicators are like a broken ATM machine that keeps flinging money in every direction.
Or how about the following video, where we can supposedly watch and copy Jacob’s trades for a massive, volcanic eruption of Pips and profits. Its so easy! I especially enjoy the “roll bar” on the bottom of the video, where random people are supposedly reporting massive profits.
If you spent a moment watching these videos. And you have been around the block a few times, you are probably laughing at the ridiculous absurdity. And this is just a small sampling of the carnival-like atmosphere in which they are promoting “easy profits through Forex”.
How can people be so naive? Its the boiler room.
The big question that readers are probably thinking to themselves, “How could anyone fall for this?” The answer was provided by an individual that contacted TradingSchools.Org and described themselves as an ex-employee of the sales department.
In our conversation, they described the sales operation as a high-pressure boiler room. Where the sales people were under constant stress and pressure to “do whatever it takes to get the credit card.” To sell the program as a financial solution for the masses of mostly middle-income persons with little to no knowledge of financial instruments. It’s a commission based incentive program that played hard on the conscious of plenty of the sales people.
The sad truth was that every customer was treated like a plump financial target. The company understands that nearly everyone is going to fail at trading. And as they continually fail, the company is continually peddling yet another solution for “only a few hundred more dollars.” The customer just needed a little more education, a newly developed indicator, a special coaching session, an exclusive mentor, everything has a price tag. There is no end to the upsell. There is just broken dreams and maxed out credit cards.
But what about the TRACK RECORD?
As the ex-salesperson explained, a common question that prospective purchasers of the program will ask,”Is there a track record of trades? Can you show me something that proves Forex Big Chief and Forex Little Chief are trading successfully?” Absolutely! In fact, the track record of trades is a central component of the sales process. Let’s have a look at one of the supposed track records that Markets Traders is currently using as “proof” of successful trading.
Pretty nice looking, right? From June 2011 – February 2013, a wonderful profit of $39,282.
However, in speaking with the ex-salesperson, he explained that this track record of trades is simply “one of many track records.” In other words, the company keeps a laundry list of supposed real trading accounts, in which various individuals within the company are trading various trading accounts. The goal is to create the visual appearance that only one track record exists, and this is used as “proof”. The following is another screenshot that was also used as “proof” until the account took a dump and they stopped using it.
If you think about this logically, this is a company with dozens of employees. Has a large monthly overhead and a massive advertising budget. This is a multi-million dollar operation. They can afford to have 50 losing accounts and only use the 1 account with the winning track record. Pretty clever. And it makes sense.
I want to also include the disclaimer that the ex-employee could be disgruntled, and all of this could be a massive lie. In order to convince TradingSchools.Org to write a negative review. However, I found the narrative to be credible.
What about the Money Back Guarantee?
Market Traders Institute offers a money back guarantee. I brought this up with the ex-employee. He next explained that triggering that money back guarantee was nearly impossible. A person had to navigate through an alligator infested swamp of “retention agents.” Essentially, the “retention” department would do anything or say anything to convince the individual who wanted their money back to keep trying. They would offer discounts, private mentoring sessions, partial discounts, shame, guilt…whatever it took to keep the client alive for 6 months. At the end of the 6 months, the client is pooped out of the rear of the company. Ignored and forgotten.
The salesman also described the problems that the company had with swarms of online complaints that were filed at the Forex Peace Army. If you follow the link below, you will notice a clear pattern of one or two online complaints, that are followed by five or six positive reviews. The online complaints were devastating to read.
MTI is an utter scam, ruthless and thin skinned.
Stay far away. They charge expensive with poor quality. Hard to get a refund.
These guys are like the PONZI frauds. They sell hyped up hope of getting rich and fulfilling dreams… no more, no less. Stay away from these bottom feeders.
The sales department called me day and night, pestering me months on end to buy more trading indicators until I ran out of money and then they stopped calling.
I lost my life savings. $61,000 down the drain. Please stay far away. They are selling a fake dream.
Its a gimmick.
MTI DID NOT HONOR ITS MONEY-BACK GUARANTEE AFTER I CANCELLED THEIR PROGRAM.
As you can read, these are pretty nasty quotes. And there are many, many more. And so to counter this negative feedback, the company would employ a virtual army of professional “shills” to counter the negative reviews with at least 5 or 6 positive reviews for each negative review. Notice how striking the feedback on both sides of the review ledger.
The most damning evidence
Probably the most damning piece of evidence are not the allegations of using multiple account statements. Nor are the multitudes of negative reviews posted on the company at Forex Peace Army, Scam Group, and Complaints Board. By far, the most damning piece of evidence is an article published by Bloomberg.com on May 10, 2015. The title of the article is “The Con Man and His Mentor“. Link below. Before you dive into the article, make sure you have a bit of time to read. It is quite a long read. And it tells the damning story of a $220 million dollar ponzi scheme that involved David Smith, Jared Martinez, and his two sons, Jacob Martinez and Isaac Martinez.
At the center of the story is a man named David Smith from Jamaica. Whom eventually received a 30-year prison sentence for fraud. As David Smith tells his story, he recollects that he knew absolutely nothing about the Forex markets until he met Jared Martinez through one of Jared’s many newspaper ads promising Forex riches. After becoming a student of Jared Martinez, he was convinced by Jared to invest $1 million dollars into a new Forex brokerage that Jared started out of south Florida.
The brokerage turned out to be a complete and total fraud. A Ponzi scheme, money laundering operation from day number one. And all of the accounts that administered funds for the Ponzi scheme were controlled by Jared Martinez and his two sons. The scheme was pretty simple. Jared Martinez would fly to Jamaica and present to potential investors an amazing investment opportunity. That his “Greatest and most successful student was David Smith”, and that David was generating massive returns by using Jared Martinez’s magical trading techniques.
Jared Martinez was quite the salesman. And since Jared owned the Forex brokerage that David was supposedly trading through, there was an implied credibility and trust that Jared Martinez was verifying the actual trading performance of his “Greatest and most successful student.” It turns out that David was not a very good trader and never made a dime at trading Forex. In fact, he lost several millions of dollars before quitting trading altogether. However, the people of Jamaica and South Florida believed the words of Jared Martinez and began giving millions of dollars to David to trade on their behalf.
The monies all passed through Jared Martinez brokerage in South Florida.
At some point, the Ponzi scheme imploded and Jared Martinez Forex brokerage was closed down by the CFTC and Jared paid a fine of $250k.
A criminal investigation ensued. David Smith agreed to plead guilty and also testify against Jared Martinez, Jacob Martinez, and Isaac Martinez. The US Attorney, Bruce Ambrose, assigned to the criminal case described the operation as “a huge washing machine of fraud.” However, the US Attorney declined to prosecute the Martinez’s because they had skirted just beyond the statue of limitations of five years. Of course, the Martinez’s were incredibly lucky to outpace the statute of limitations. They certainly dodged a bullet and more than likely would have faced a multi-decade prison sentence.
However, law enforcement agents in the US, Jamaica, and Turks and Caicos Islands were stunned that the US Attorney, Bruce Ambrose decided to not to pursue the case more aggressively and find a way to throw the Marinez’s in US prison. Louis Skenderis, a special agent for US Department of Homeland Security spent three years investigating the Martinez’s and was quoted as saying, “It was a great case.”
Janice Holness, executive director Jamaica’s Financial Services Commission was quoted as saying, “I think David Smith is just a pawn”, and “Smith is a crook and got what he deserves, but there are bigger fish. He’s taking the fall for these people, including Jared Martinez.”
Wrapping things up
What I think is most incredible about this story is just how close the entire Martinez clan of Forex hustlers came to receiving very long prison sentences. But through sheer luck and perfect timing, they managed to wiggle out of the hangman’s noose. Like clever Indians, they jumped on their ponies and escaped the justice that they so obviously deserved. It is really incredible. Now they are doing what that have always done, hustling poor middle-class folks out of whatever savings they have remaining.
In speaking with the ex-salesman for the company, he described Jared and his kids as “simply terrible human beings.” And “without conscious or regret, they simply take all they can, and they can never have enough.” Pretty sad.
Thanks for reading and don’t forget to leave a comment below. And if you have been one of the unfortunate that fell into the Martinez trap, would love to read your comments.
I found Joshua Martinez doing business as TradersAgency.com. Gotta figure the apple isn’t far from the tree, despite any family falling-out. Thanks for the head’s up.
Just found his name on this site/ad I received unsolicited and looks like he is up to it again. https://tradingpayday.com/sidejob/?tambid=1446
Thanks to TradingSchools.org for being there to help not get snagged by the unethical urchins of the world of trading. I hope you can add this name to your list so anyone researching can easily find this directly.
I found the above review while looking for other company and was amazed to read that MTI is a scam. There are many erroneous things in it. I am a student of MTI since 2013 and I may tell you that:
1. their first program is a very good and comprehensive program for beginners and those who study seriously and practice first on demo accounts may make money.
2. Once someone subscribe for this program , he is entitled for life to attend their 3 daily webinars where an analyst analyse a currency pair and 90% of the time the analyse is correct and those who can follow it make a profit
3. Jacob and Isaac Martinez never kept any training, they have other jobs in the company. As for “the little squaw” Joshua, he was the best analyst and as long as he was with the company, I learned many strategies from him and enjoyed his webinars the most.
CONS:
1. It is true that they try to convince people not to give up and not to ask for a refund, but the truth is that the people who persevere and study and practice seriously are able to succeed
2. It is true that every couple of weeks they launch some software , that may or not be useful and there is no refund for the software purchased at high prices ( not hundreds but thousands ), but no one is obliged to buy them
For those not familiar with the latest Josh is gone now. MTI has persecuted him as well as the employees they have sued https://www.facebook.com/joshua.martinez.37/videos/2787735977964697/?t=25
https://www.facebook.com/standupagainstmarkettradersinstitutebullies
If you would like to participate in filing a complaint with the FTC, The Florida AG and file a class action law suit, drop me a note and let’s give them pay back
Paul how can we get in touch
Paul
I am ashamed to admit I fell for their scheme. They did not reveal the details of the money back policy.
Do NOT feel ashamed. This sort of stuff happens to everyone. I have been taken several times.
By not speaking out, we only empower them. It took a lot of courage for you to speak out.
Count me in.
Can you contact me please?
Thanks
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THEY ARE STILL AT IT ……..NOT GETTING ANY MORE FROM ME ….CURRENTLY ONLY $2,500 out of pocket…..i’ll put it down to life experiences….
The “author” of this article is hilarious and from the brief part that i read, is completely unreliable. He/She speaks of “Jacob” turning $500 into 39k and it wasn’t “Jacob”, it was “Josh” so how am i suppose to believe anything else??? This is extremely important information and cannot be blamed on a simple “typo” #getyourfactsRIGHT then put forth SMFH
Don’t believe, just go and buy most expensive course.
It seems that there may be a problem with your “Read more ” extensions? Tried on 3 different computers, and 4 different browsers, and cannot get them to open up the comment.
It seems that there may be a problem with your “Read more >>” extensions? Tried on 3 different computers, and 4 different browsers, and cannot get them to open up the comment.
Disclaimer Former Sales Employee:
The company paid to create a number of porn linkbacks to the Bloomberg article below to get it taken down and out of Google results and it worked.
70% of the employees have left the company and they are frantically trying to figure out what to do. The word is they themselves got banned on Google and Gmail so now they can’t get anyone into their webinars. The sales & marketing team all left and the executive team is trying to play it off like it is planned or part of their plan.
If I shared what I know about this company it would create a class action lawsuit. They are a sales & marketing company, not in FX Education. Their education department consisted of 3 people only when sales and marketing were about 90.
The CEO is the son of the founder of the company and has no business running this or any company and really believes their success was because of his efforts and ‘leadership’. The executive team plays to his whim and ego (for a purpose) and unfortunately, he is and has been in the dark the whole time, not knowing what really goes on in the company and what has made it successful in the past.
Most have left because it has become obvious that their days are numbered and now no one left knows what they are doing or what to do going forward.
I could go on and on but it should become painfully obvious to anyone wanting an education in FX what their focus is on. It’s all about the sale and then the next sale and after that – sell them again.
Hi Kyle,
Thanks for the post. I wonder how I could get in touch with you.
Disclaimer Former Sales Employee:
The company paid to create a number of linkbacks to the Bloomberg article (porn) to get it taken down and out of Google results. (and it worked).
70% of the employees have left the company and they are frantically trying to figure out what to do. The word is they themselves got banned on Google and Gmail so now they can’t get anyone into their webinars. The sales & marketing team all left and the executive team is trying to play it off like it is planned or part of their plan.
If I shared what I know about this company it would create a class action lawsuit. They are a sales & marketing company, not in FX Education. Their education department consisted of 3 people only when sales and marketing were about 90.
The CEO of the company has no business running any company (family biz) and really believes it was because of his efforts and ‘leadership’. The executive team plays to his whim and ego (for a purpose) and unfortunately, he is and has been in the dark the whole time, not knowing what really goes on in the company and what has made it successful in the past.
Most have left because it has become obvious that their days are numbered and now no one left knows what they are doing or what to do going forward.
I could go on and on but it should become painfully obvious to anyone wanting an education in FX what their focus is on. It’s all about the sale and then the next sale and after that – sell them again.
I was unaware of the asking price until the actual webinar, but I had a “good feeling” (non-objective danger creeping in). In the followup call after the presentation a situation occurred and the response of the salesman set off an alert in me. When checking on-line the red lights came on one after the other . Your report is instrumental in providing insight to unsuspecting people.
Ricky
Says it all: http://www.bloomberg.com/news/articles/2015-05-11/currency-con-man-says-he-got-by-with-some-help-from-famous-friend
Why are you sending us to an ad for Bloomberg Professional?
Just listened to a webinar. Thank you for the warning.
I wanted to check out one of the OTHER hosts and after registering for an II ‘market fest’ or something they called it, was an all day multi-presenter ‘EXTRAVAGANZA!’ – they continued to email me with deceptive things like ‘You asked me this in Josh’s MTI session’ and now I want to answer you live, join us for our extended Q&A you prompted as it was a GREAT question!’ (UMMM, NO I DID NOT, I never typed ONE word during Josh’s session was eating my lunch and looking at facebook and it was muted). LOLOLOL
Hi there,
I realize I’m sort of having this comment conversation ALONE but for anyone that IS researching them (almost exactly one year to the day Emmett posted the original review of MTI), I’m now astounded to see TEXT messages coming to my phone telling me that my ‘webinar is about to start’. I didn’t sign up for any WEBINAR! So press the button and of course, I’m speedily entered into a webcast with Josh of MTI. I opted out, lets see if I get more…
Honestly though, WHAT company goes to ALL of this expense in advance of a client even paying one penny to CORRAL them in??? I think MTI HAS to be alone in that practice…or IS there other company’s that downright desperate for new CC numbers?
Thanks for letting me rant, I feel better now..
Well one thing that I know of for sure, is that one of their NEWEST ventures (they ripped off longtime webinar hosting company’s like http://www.OnlineTraderCentral.com and started ‘INVESTOR INSPIRATION’ (http://www.investorinspiration.com) and if you EVER register for one of those webinar? Well they NEVER EVER leave you alone in email, they send TEN a day (I counted once), they even PRE-register you already for Webinars you don’t have any intention of attending? That’s got to be against ‘Double Opt In’ and CASL LAWS, too, yes, Emmett?
so when does the class action lawsuit start – why so many people getting scammed but no-one doing anything – I’m’ fighting them right now for my refund – next call is to Morgan & Morgan in Orlando to get a class action going
Emmett, you are a good person for posting this! God bless you!
Hi!
I was also one of the MTI ??. I spent some money on their systems and education, which didn’t really work out for me. After a while I couldn’t make a successful trade. And their account managers that supposedly be helpful always ended up telling me that i need to make consistent trades and invest in more education. This was enough for me to quit. Unfortunately i did not manage to get my money back. But it was a good start for me as a trader. I started education about Forex all over again in fact i able to make around 28% of successful trades. Frim what i learned MTI strategies are based on Price Action movements, and Fibonacci’s helpful indicator. I also noticed there’s no such thing as magic tool to trade Forex. It is years of edycation, practice and experience. I’ve learned more from my own initiative than from MTI.
Please people don’t give up on trading, but remember it’s all it takes is your determination to trade, not fancy indicators.
Anyway like in any industry i hooe tgat scum will fail..
I have been with MTI for 3.5 years. Yes they always push new courses to buy at every webinar, but they also offer amazing support. I have spent about $50000 on courses and have made the money back. Most of the money I made back was by following their daily webinars and not the courses. They are not as bad as this article makes them seem.
what to do now?….. I feel so sorry that I didn’t see this last week. – I just bought one of their training programs!!! – on a payment plan: $249 down payment and 6 x $541 later. What will happen if I don’t pay, can they legally claim the money from me – I DID sign the contract?
PESA
You should be able to cancel at any time. I also signed a contract. They debited my account $199.00 for software that I not only did not authorize, I also told them within the time frame to cancel that program.
I got a refund way back in 2011.I just followed the program ,lost money on a demo account,sent them the results in an email and they sent me a prompt refund.I guess I was just lucky.
I have it on good authority from one of the former trading mentors that worked here that this company is a fucking scam. The London Breakout strat? yeah right. Stay far away. These guys are about as legit as Apiary Fund.
The mighty M.T.I. is one big joke. After a year of visiting trading rooms and many losses and aggressive salesmanagers I quit this scam organisation. They tempt new students with beautiful and expensive ‘no brain’ indicators, which really doesn’t work in real time trading. Don’t deal with this fake-guys.
Stay far away if you have brain. you can learn all they teach @100 bucks investment in a good book. MTI is trying to sell something new whatever it takes to get money from your pocket.
After reading i unsubscribe his channel Thanks for warning
Well done for exposing the FX Chief! LOL. I stumbled upon him last year when that Bloomberg article was published and I was left scratching my head…how is this guy still able to operate?!
I think they argue that they sell education. Therefore, it’s hard to prove that they take momey under false pretences. But give them time, they will fall on their sword eventually.
Nightmarish. No end to the horizon of this west-world sham. Newbs should take a pretty good look at the video and the 220 million ponzi article. These guys should already have been featured on American Greed. This is what a big vendor scam ends up looking like after skirting the law for so long and making it big from countless monthly churns of generations of retail newb rubes for over twenty years. Did your offices in southern cal look this crazy Emmett before they were shut down? Talk about a tyrannical small business feeding the employees lining up for literal scraps. A good representation of the forex retail vendor and broker scam side of the new churning pie with legit references to forexpeacearmy which ultimately failed to be the watchdog that TS has become thanks to their own two-faced deals like bmt/fio got caught up in so they could never be effective enough in their reviews and end up becoming part of the problem. I hope you are well within the oversight by the CFTC/NFA etc. This tribal “ghost nation!” gang seems like they are liable to do anything like RockyAiko. Only thing that would stop them is being locked up and featured on AmericanGreed. Maybe they are even behind a bunch of the fad “top” EA’s of the month also looking for losing subscribers on signal “systems” sites such as Zulutrade. This is what WT is becoming like. Enough of an internal stash of funds pilfered from the churning of newbs that they can dump some cash into faux trading accounts to prop up a series of legit “statements” and records, along with red herring alternate hosts to keep newbs hooked and churning. The continued sell pressure for a period after a client decides to quit is also a greedy salespush that these more established sham operations often do and glad this point was covered in this review. https://rockwelltradingscam.wordpress.com/scam-list/
My scam boiler rooms were constantly fielding cease and desist orders from various securities regulators at the state level. Nearly every week, I was fielding subpoenas for phone records, client lists, the whole enchilada. I remember the state regulators always wanted a complete list of every single outgoing phone call from my boiler rooms. Now imagine, I have a massive sales operation making hundreds of thousands of cold calls. Quite literally, hundreds of boxes of phone records had to be compiled. And compile I did. It was, of course, ridiculous and they were attempting to harras me out of business. But did I quit? Nope. Not a chance. I quickly figured out that state securities regulators were vastly overworked and understaffed. They had no teeth. They could only create the appearance of a threat. And I operated in multiple states, using various business corporations, it was a nightmare for them to unravel.
I was making so much money, so quickly, that I simply could not walk away. My organization was my own personal fiefdom, where employees gave me a sense of power and control. More than the money, relinquishing the power is the most difficult.
Exasperated state regulators eventually got the FBI involved. And of course, they planted moles inside of my office. Employees that worked for me but were actually FBI agents. And they were so damn good at what they did. One FBI agent in particular, I was convinced he was a total dork that could barely change the channel on his television. Boy was I wrong about that guy. He wheedled into my inner circle and really gained my trust. Had no idea that I was the fly and he was the spider. Until it was too late.
Jared Martinez, and his boys are living in a bubble. Emboldened that the US Attorney did not charge them with fraud. They will continue doing what they do. And they will not stop, ever. They only way to stop people like this is with handcuffs. Unfortunately, since they have dodged so many bullets, they have a deep understanding of what the regulators will do, and will not do. They know where the line of doom is laying. They are not afraid of fines.
Maybe they get busted, maybe they do not. But in the meantime, I intend to be a rock in their shoe. As consumers, we should stop relying upon governmental agencies to save us from every little annoyance. People need to accept responsibility for making poor choices, but also take on a civic duty to rid our communities of thieves and scumbags.
Emmett, great post, especially the part about Power. That’s what keeps these TRs running; give a little money to the threats but keep the majority of it for yourself and continue to rule your fiefdom. Power is an aphrodisiac even in the trading world.
Yes, thanks for the great post Emmett. The MTI over the top video looked like something out of a “Wolf of Wall St.” documentary or the movie, and I recalled the “warning” story about your offices in socal and was curious. Sad to see the state regulators can only do so much. This site helps consumers get informed hopefully sooner than later how shady this whole snakeoily westworld retail vendor industry is. Wishing the TS site continued success and longevity.
your article does seem a little bias just from a perspective of looking at it outside. no offense intended just my perception.
Marker Traders Institute is like Al Brooks writ large. Al Brooks and BigMike are small players, nevertheless Brooks and BigMike embody the same Grinch-spirit of conning as these schmucks, bah humbug. Going all in with bets that Trump will drain the swamp of these turds in his first 90 days in office without any second thoughts.
Pete, read Emmett’s post above. Don’t count on the government to help the newbies out. We know you’re counting on Trump (really?), but he appears to be more focused on nuclear war that some minor trading room scum. As Emmett says above, ” As consumers, we should stop relying upon governmental agencies to save us from every little annoyance. People need to accept responsibility for making poor choices,. . .”
I disagree with the theory that individual freedom and autonomy allows for rational and fully-informed decision making processes, without any need for government intervention. Prositution and drugs were all legal for individuals to engage in prior to government intervention to prevent these societal plagues, where individual decision-making cannot be trusted. In the same vein, day trading vendors are a digital plague with a high rate of infection, leading to greatly increased risk of mortality.. Day trading vendors are ipso facto a danger to society and must be regulated out of business, as many well-informed politicians such as Bernie Sanders have proposed.
What bothers me about the regulators is they are giving the impression of regulations when there really is none. You either regulate or do not regulate. That way if they are not going to regulate they need to say this is a completely unregulated industry, so Buyer be Ware.
But instead they half ass regulate, making you think these companies are regulated when they are not. They make them put on a completely misleading label saying the results are hypothetical. But the results they are posting are not hypothetical result at all. The results they post are made up fantasy results not hypothetical. And I will give you an example of what hypothetical results are suppose to be. I buy structured products which will show hypothetical results. Normally these products results are based on some index. So they will show potential hypothetical results if the index does this or that. That is what hypothetical results are suppose to be, not these TR results which are at not even actual sim results, but just completely made up results like Open Range Trader. I have never seen a TR post true results.
The problem with the half ass regulation that exists now is that social memory is still in the 50s when governments had enough money to fund the various regulatory bodies but those days are long gone. What we have is the facade without the people needed to prosecute those who break the law let alone ensure that everyone is complying with the laws.
Who says that prostitution and drugs are social plagues? People want them because people like to have fun, it’s time to accept that reality. These are two industries that should be legal, regulated and taxed.
There is hardly an recourse for white collar crime hence why there are 10’s of thousands of these rooms out there, they know if they get caught they’ll pay a fine. The SEC and other regulators are constantly looking for money to pay themselves handsomely while spending their days on the golf course, if you’re a poor schmuck who steals a slice of pizza because you have no money you’re locked up for 10 years because the government can’t take any money from you and so you can’t contribute their lavish lifestyle.
I actually am familiar with this con artist scam company. I not only went to some of their sales pitches, I had a close friend that paid the $8K (actually got it cheaper as they always had a sale) and he said they were a upselling machine; constantly trying to sell you another course. I look back now on one of the stories he told me about this company with my current knowledge of these con artist rooms and it just shows how brilliant they were at running the con. They had a live trading room. Now for those familiar with the cons TR tricks, they will have their shill pretend to be a member and while you lose money on the trade the shill is posting how he is making money hands over fist. So you think you just have not practiced long enough or are doing something wrong. This company actually took that one level further. The TR operator would say the shill took their advance course (another $8K) and that is why they are making money. Hmmm, so apparently the first $8K course is for you can be told you need to take another $8K course to actually make money. Truly some brilliant con artist. They make the people from the movie the STING look like amateurs.
And to the people that say I am too negative on this industry, I say I am not negative enough. Oh and BTW for that $8K you are told to trade a Fibonacci retracement. Yes that is what you get for $8K. I just saved you $8K.
What I am so saddened by is the regulators did not lock these folks up. Emmett you need to sit down with these regulators and explain to them it is not just them or a single brick but lots of bricks that create the building to support this big scam with the only purpose being to take people’s money. It suckers people into thinking well maybe there are a few bad apples but I will try this other vendor. NO!!!! They are all bad apples. 100%. And they are all working together as a well-oiled machine. You think Ninja Trader is so stupid they do not know there cesspool of educators are all scammers? You think BMT does not know Al Brooks is a con artist and could not trade profitably if his life depended on it. They do not care, as they make money from it. You think Lying Dean Handley believes any of his Trading Titans can actually make money? Even right now Trader Planet is running a completion where a bunch of shill just vote for a winner and does Trader Planet vet any of these vendors for evidence they make money. Of course not! I could go on and on and write a paper on this, but if it is not obvious to anyone at this point, what can I say.
And the saddest part of all this is the only site you will hear the reality of this industry at.
Actually, I have spoken with the regulators. Both civil (SEC, CFTC, NFA) as well as the criminal (FBI). Quite often actually.
Here is the deal…there is a different standard between civil and criminal cases. For instance, the Nonko case, I knew it was going criminal. And the investigation took nearly 2 years to complete. The FBI collects evidence, which is extremely thorough and no stone is left unturned. Everyone is personally interviewed. The evidence is then passed to the US Attorney, whom then decides whether the case is worth pursuing. Many times, the evidence lounges and simmers for years. Once they have the evidence, on a criminal case, they are in no rush because of the statute of limitations.
SEC and CFTC are both civil. No criminal. They have a lower threshold on what constitutes fraud. They can take action much more quickly. And they usually do.
Suppose a CFTC case is triggered and the offending party is really dirty, or refuses to quit. The case is then referred to state and federal criminal bodies.
Hey Rob,
Out of curiosity, how does one (such as yourself) determine if one is a shill in the TR or not? I understand that most are, but what if they are actually having a good performance? Or do you refute that as a possibility?
I am just curious. Once again, I know that most are shills, but I am asking about the rare scenario in which they could be legit.
Thanks.
I can help answer that while I’m sure Rob has a good answer. This is the last stage of the kool-aid phase. You realize every vendor you’ve trialed is a sham and have realized a bunch of tricks they used. Then you hear a few stories or still yet more shill posts and testimonials somewhere that hey, but this guy is legit and is doing well. Then trying it out and realizing the “legit” guy had yet put on another show with more tricks whether it’s hacking the ninjtrader local db, or fuzzy .jpgs showing “statements”, or quick “entries” on quick moving markets where a split-second or bad fills could make all the difference. Then finally fed up the complete revelation sinks in that anyone really successful would not be doing a trading room or show in the first place but rather be running a private fund or making it big starting a firm on wall st.
When the TR operator makes a trading call and you execute exactly as called, yet you lose money again and again, but some how the shill nails it again and again. I saw them them all the time in TRs, but I will tell you a true story. Another trader was telling me how he just losing money following the TR operators calls, but there was a member Henry (I forget his actual name) who kept making money. I said he was a shill and he is like but Henry seems so sincere. And I tell him, you just do not get it, there is no Henry. Henry does not exist in the real world. These TR operators are putting on a performance. What ever it takes to scam you out of your money is what they will do. If having a fictitious person named Henry typing away how he just made 20 ticks on 3 cars on that last trade will depart you from your money, then there will be a Henry in the room typing just that. I know some can not believe this industry is that corrupt. But the sad fact is, it is.
This all becomes crystal clear once you get off the Kool-Aide and realize these TR are all run by con artist. In fact everything becomes crystal clear. I look back now and cannot believe I believed in the fantasy world they were selling. I know understand why they cannot show any proof of their claims and how Henry just made 60 ticks on a trade you executed exactly as called yet lost money. I could go on and on. I have called this Stage 1 of Acceptance. Until you accept it then you will just be scammed again and again.
I have seen so many on these con artist tricks. I remember being in a room and no matter what the trade did he made money. Price goes up 4 ticks then immediately fell, you lose your shirt and he then announces he made 4 ticks. If it went up 20 ticks he made 20 ticks. I remember trying to type in the little chat boxes saying there was no way he made money on that trade call to be beaten up by the shills saying, “what is Rob B smokin” (by that way that was an exact quote) and of course the TR operator has the mic to beat up on you. After awhile even a fool like me could see this can not be real and it was all smoke and mirrors. But until this site I had no idea just how bad it really was. This entire industry is one sting to separate you from your money.
Thank you for the detailed answer. I like the “what is Rob B. smokin” quote. Lol 🙂
In all seriousness though, I completely understand what you are saying regarding the TR shills and Kool Aid.
If I understand your reply correctly, there are no legit traders in the chat of a TR? As in, no one that says they traded a “call” profitably is telling the truth?
Also, you also do not think that there are any profitable TR’s out there?
I do not want to be flamed for “arguing” since that is not what I am doing. I just am getting some more input from those of you out here that have been scammed more than I, as you have more experience and better answers than I.
Thanks again, Rob for the replies.
Is this the Alex that started the Gravity Trading Room that keeps no track record or shows any proof of profitable trading.
Lets say a member made a profitable trade. What the hell does not show? Lots of people like to brag when they have a winner. The only thing that matters is if you can trade consistently profitable over a long period of time. And it is pretty much impossible to vet individual TR members, so the only one that can really be vetted is the person operating the TR. And as you have seen from this blog, virtually non can show they every trade a live account.
And YES YES YES I am say all TR operators are con artist. Was I unclear???? I do not want to leave any doubt.
And the best scammers are like the ones in this thread who are big enough to open many accounts and then just show which ever one is making money at the time.
Anyway teaching the complete fantasy world of day trading as being taught by the day TR operators is a Con Artist. Yes 100% of them. No one that could do what they claim would in a million years be running a TR as they would quickly become one the richest person on the planet. You are not going to consistently micro scalp some highly volatile instrument using 500 to 1 leverage with a small account and have an 80% win rate and virtually no draw downs. It is all nonsense. And if anyone does not realize that by now, then frankly they deserve to be scammed.
This IS that same Alex.
I have been practically begging Emmett to review me and my room.
I still am free as well. (still haven’t scammed anyone, despite being banned on Big Mike’s)
I am willing to go on a Skype call and share my screen and go through my Trade Activity etc. and also prove my identity (since some have doubted who I am).
Assuming Emmett reviews me soon, I think that some people will be relatively surprised. I have nothing to hide like I have said before.
This is not an ad, but a response to you 🙂
I agree with almost 100% of what you say Rob, which is why I am hurt when you distrust me so much. However, it is not an irrational disdain.
Guilty until proven innocent in this industry, right Rob?
Hopefully we can have a verdict soon.
(PS. I have shown my live statements and such on live screen share to my followers in my room. If they didn’t feel it was enough, then they are free to leave. But like I have said before, I am not going to scam anyone for $5000.)
Thanks again Rob. As always, I appreciate the blunt, yet timely responses.
I actually visited your free room awhile back. I saw no live statements, just bragging on winning days which where followed by big losing days. I even posted here some of those big losing trades.
And then after losing I remember you talking about a mysterious overnight trade you took that made all your loses back. I think the trade was on ZB.
I say no track record that documented all your trades. Anything less than a complete accurate track record of all trades is meaningless. And frankly from what I saw there is no way you were scalping futures profitably.
I seriously hope Emmett does a thorough vetting of your room. And if you are scalping the futures profitable from what I saw I am a monkey’s uncle and will be the first to eat crow. But being you refuse to respond to people asking for a track record to be shown and refuse to even state if you are trading live I am not worried.
I have seen all the scams, even where the TR operator uses lenient sim generators to give them positive slippage and yet they still could not produce profits so on top of that they had to just forgot about a few loser here and there.
I tell you what I saw in your trading room. Just nonsense indicators and loses and lots of commissions being paid. And plenty of Jones followers from BMT with post like, “Alex, my guru! Are you use Footprint charts?.”
Then you bragged you were ahead of your monthly goal and I was thinking
was his monthly goal is -$1000 and he only lost $900.
And I remember all the shills bragging about Huge winners while mostly what I saw were trades such as this:
http://screencast.com/t/5fULdxWH
And you going on and on about your various indicators.
So yes I too look forward to that Emmett review where you proof you are scalping ES profitably as you claim.
And yes you get no easy go with me. I am sick of people coming on here and promoting, with no proof of their claims being given. And I am sure you are selling education and training on the side.
I am not selling anything on the side. You can go and individually ask every single person in the room.
Also, I must admit that your ability to screenshot my worst trade in several months is impressive.
The free room has been around much longer than when you attended and much has changed. I have shown those that are still following me my track record.
Rob, there is no point in arguing on here, right?
Let’s just see what happens with Emmett’s review and go from there.
I am positive that after vetting my room, he will come to the conclusion that I am legit and not a scam. Also, I have no shills in my room Rob. I am not selling anything so what’s the point?
Thanks again and I hope to speak again under my own review! 😀
What education? I was in the room too for a few days. I also stated my impressions of his room, on this blog, on some other post.
Is he going to teach by Jedi mind melding? While I was in the room, he showed no methodology, and made vague assertions as to why he was making entries, and when he exited, without ever showing why. Again, what is there to teach?
You have already been vetted by multiple punters on this site. The near universal conclusion was that you are teaching nothing, and that what you are doing lacks any explanation to educate anybody, or even to allow sheeple to just mirror you. How are your followers to learn anything from you? By a Jedi mind-meld?
If you cannot formulate and explain a plan to what you are doing, what then is the point? You never said why you do what you do. Your entries are never clearly stated. Your exits are even worse.
What exactly do you think Emmett can do? How can he or anyone possibly verify the viability of your trades? Or is all you asking that he verify your trading record? No need for waiting then. Just post the damn record, and give your broker instructions to allow anyone to verify that the record posted is true.
Then there is no need to be in my room, so don’t! Simple as that!
Anyways, I am done posting here until Emmett has reviewed my room.
You all are free to hate me or my free room, that is your decision, but I will not be caught up in it.
Cheers!
“Then there is no need to be in my room, so don’t! Simple as that!”
I say, there is no need for you to continue coming here and promoting your nonsense. Simple as that!
“Anyways, I am done posting here until Emmett has reviewed my room.”
Go run your scam somewhere else. Good bye and Good Riddass.
But I am sure you will sucker some fool into believing your nonsense. As I have said a thousand times, the devil does not wear horns and carry a pitch fork, instead he/she opens a free trading room and promises to generously teach you too scalp ES. Give me a break.
“The Devil” ? Really? Naaaah. Maybe, more like the Crooked Hillary. I hear that she has been hired to head the new Trump University.
🙂
I hate scammers. I am sure he posted here thinking I and the other watch guards might be asleep at the switch and just let him slide by.
OK, yes, I might have thrown in a bit of hyperbole.
You can certainly take that attitude. It is the attitude of a child, which, given your 18 years old age is not the surprising. Essentially, you are behaving like a petulant schoolboy saying: “If you do not let me win, I am taking my ball and going home.”
Answer what was asked. I specifically asked you what you wanted Emmett to vet. Your trading shows no logic, and you only tell the sheeple what you did after you did it. What is there to vet? If you cannot explain your method, and the sheeple cannot even follow your calls that you never make, what then is there for Emmett to tell us?
Emmett has made pretty clear what he looks at for his reports. You do none of those things, so why are you here promoting your room and wasting our time?
I have to add if you could scalp ES profitable as you claim, you would be putting Rob Hoffman’s TR to shame with 10,000 members all telling everyone of their friends how they have to go to this money making TR room and the last thing you would need to do is come here and promote. My guess is most check your room out for a month, lose their shirt and leave.
And that is the fact. Anyone than can scalp ES consistently profitable is not running a trading room and if they did they would end up with so many followers the method would no longer work. I am sorry but that is how the real world works. Not to mention the hundreds of millions the hedge funds would be offering this kid.
Cyn,
You are right on the money. That was my experience and I even posted in Open Range Trader some of those exact same thoughts. And I will repeat that post here, but first.
Alex give me a break. You wish to come across as this sweet caring individual with no ulterior motives what so ever, yet you are associated with GTR; one of the best con artist TR scams out there and I see the same thing being done in your TR. And you are associated with BTM before being banned running the exact same scam many of the other “BMT Heros” run with their fantasy journals. BTW many of those scammers where the shills in your TR. Some of them are even registered agents and all have ulterior motives as I am sure you have. You promoted at BMT, here and other websites and YES I do not believe you are the Mother Teresa of day trading.
As far as your comments I must have had to look long and hard to show that losing trade, it actually was very easy as I saw plenty of them. Guess what here is another one; did you forgot your losers when you keep your track record?
http://screencast.com/t/RinrfYF9mP
Here is my post from the other thread, which I still stand behind. I hope no one is foolish enough to believe your nonsense:
“First a recap. Alex and his trading room Zero Gravity became known to us by him posting a promotional ad for his new TR in the Open Range Thread. He is a self-proclaimed profitable scalper of ES. Boy I saw no evidence of that what so ever. He talks about setting the Gold Standard, but I saw the Lump of Coal Standard. Below is what I saw, but first unless a TR operator is trading a live account it is completely meaningless to real world results. As we all know you can set a sim generator to give you fills that you cannot get in the real world. I am sure some will say, “but his room is free”. Man did your mother not tell you nothing in life is free. I am sorry but this guy is not Mother Teresa wanting to give back to the community that helped him so much. But I will get back to my hypothesis of what his angle is. Here is what I saw in the TR last week:
1) And Most Important – No, Nada, Nein (see I learned something from watching Hogan’s Heros), and Không evidence he is trading a live account,
2) And worst he will not even state if he is trading live or sim (this screams Sim Nonsense Trading). So why is a self-proclaimed profitable ES scalper not trading a live account. I wonder,
3) No track record being maintaine
d, but unless one is trading a live account a track record is meaningless,
4) Lot of indicators and I means lots, like VWAP, he claims he uses but I don’t think so, which I will explain in a little bit,
5) Every time he has a winner, he asks for member to post and some member post I made X ticks on that one, which was more ticks than Alex made. Yet nothing mentioned on losing trades from this same member. I doubt that any member took a sim or live trade and they certainly are showing no track record like Alex to know what their true performance is. One trade is meaningless. Just sounded like shills posting made up trades to me.
6) And I love this trick, when he has several losers he starts to talk about some mysterious overnight trade he made a bundle in. What complete BS.
7) BTW, he took 3 losing trades on one Friday, but again no track record so it does not say much one way or the other,
8) When a member questioned him, his shills piled on and beat him up. That screams something is wrong.
9) IMHO no one could consistently scalp ES profitable trading the way Alex does, which is why he will never show proof he is trading a live account and keep an accurate track record,
10) Oh man this one is going to be really hard to hear for the noobs. In a million years no one could learn to trade the way Alex does, which is the brilliance of the scam. Alex does not enter on any type of trigger, his entries and exits are market order button pushes and from what I could see his entries and exists are based on using the force that I guess a Jedi master taught him. And this is where the scam is so “Brillant”. For example, if he was trading an Open Range BO when certain indicators aligned, then when he eventually charges for his room or for private tutoring you would be like I can see what he is doing, so why pay. But he does not; therefore you too must spend a long time with the new Jedi Master to learn the force. The problem is there is no force, just nonsense. One of his entries he said was because price hit the 1 month VWAP. Really the 1 month VWAP was a trade. I guaranty you if price hits the 1 month VWAP next week he will not even take the trade. There was no logic to his trading. It was not like we got a BO and now a PB to VWAP lets go long. Just a lot of general talk about what the market is doing and a billion indicators to review with you.
11) So why a free room – Well first BM would label him a vendor if he charged and there goes his best source for member and PM for private lessons; his BMT journal. Though it looks like BMT finally wised up and banned this con artist,
12) My hypothesis is his angle is too build up members and then charge for his room and his training for you too can learn the ways of the force. But there also other possibilities. The room is full of so call “BMT Heroes”, some of which have their own Rock Star Journals and who are RIA. Maybe he will offer to invest for you. Lots of ways to scam people with a so called free site. NOTHING IN LIFE IS FREE.
13) Hey, if you want to go to a free room check it out, but if you pay this kid one dime when he starts to charge for the room or one dime for private lessons without him showing an ounce of proof he can trade a live account profitable, then you will be the goat like so many others that have come to this site. Don’t be the goat.
Bottom line is I do not think this 18 year old kid could trade his way out of a paper bag.
But Alex can prove me wrong and shut me up and guess what I am hoping he does, because I would be the 1st one that wants to learn how to scalp ES consistently profitable (man I could become rich fast if I could do that). All he has to do is show he is trading a live account, keep accurate trading results based on brokerage statement which are also brought up live during the webinar. It really is not that difficult. Odds of it happening, IMHO; ZERO!!!!!! And that speaks volumes.
This industry is nothing but full of con artist even as young as 18 years old. Can you imagine who this kid will be scamming by the time he is 30, maybe a Saudi Sheik.”
Sounds like the standard Trading Room con that they teach in “How to con a wannabe trader 101”.
There really is nothing new under the sun!
Good job guys stopping the fraud from polluting the commentary any further with the usual sham bs. This “Alex” zobeil/seilaff whatever, seemed to be pushing nice guy pitch to the newbs. He was hoping the backlash from those of us wise to scams would be negligible and obviously going for the freshest newbs generated by desperation each month from the dying middle class maxing out their last cc limits. Thinking that being the opposite from a David Adams would do the trick and garner some of the monthly churn newb market. I was also in the room for a few hours until I couldn’t stand the sham babbling anymore. Slapping on a few indicators from bmt, babbling about imagined profits and consistency and hamstring “trading psychology” and seriously thinking that those wise to these shams would give it a pass? unbelievable. btw GTR sham Jousef is now advertising a 4-5 tick stop scalping methodology on their front page. unbelievable. like trying to prolong the wool over newb members getting small pricks before they get monthly churned out.
Maybe things have changed since I last visited your room Alex but Cyn’s summation is something you need to read and take action on if you are running an honest room.
Right on. It’s that mentality that there are some bad apples but also some good ones that keeps the industry chugging along.
All these brokers like Ninja… they know exactly what is going on yet they keep bringing these con artists in for webinars. It’s sickening. I would never want my money in the hands of a company like that. I just don’t trust them.
Big Mike is a tough one to figure out because he does such a good job of branding himself as a nice guy who’s looking out for everyone. But he has a long history of allowing fraudulent members and vendors to remain active on his site. His “stop chasing vendors” line seems like a clever way to try and divert traffic and money AWAY from other vendors and TO he and his affiliates. More like “stop chasing vendors except the ones who are BM affiliates”. Very clever.
Damn James, That is right on the money. Some of the best comments about BM I have read. The best con artist are the ones that seem so sincere. Ask Bernie Madoff victims and every one of them will tell you how he seemed like such a great guy who had their back. What they do not see is there is a knife in the hand as they have you back.
Exactly, if bmt ever stopped becoming two-faced, they would have dropped ninja-ecocesspool completely, and demanded proof from ft71, jigsaw and the other affiliates years ago. Except the forum has become a morass of the same faux “trading wisdom” and cliches bandied about for years, often repeated by vendors as common red herring practice. Besides the deluded sim journals of whatever current batch of showoffs for the next generation of kool-aid induced newbs set to be victimized by their first rounds of scam vendor monthly churns, members are encouraged to”donate” time, elite membership dues , indicators and even trading ideas all of which become property of the site. And it may take a long time for kool-aid bmt induced members to wake up and realize that no veteran in their right mind would ever share anything useful trading edge wise ever, and that “trading success” did not fund the proprietor(s)’ semi-retirement to ecuador.
Al Brooks has made more claims of day trading profitability than many other Futures.io vendors, he shares some of Schooloftrade’s shadiness compared to many vendors. However Brooks makes very subtle qualitative and quantitative claims of profitability. The CFTC complaints should be stacking up quickly against Brooks in 2017. Brooks will have to cease or rebrand his trading-marketing in 2017 due to the cloud of suspicion lingering following the TS review and subsequent CFTC complaints (Do a Google search for CFTC complaints to report Al Brooks ASAP). HFT speed of execution and algorithms that react to retail orderflow ended that possibility for intraday futures trading, although Al Brooks has profited consistently by selling propaganda to the contrary. When BigMike says the holy grail and secret to consistent profitability is within you, this must mean go start a trading brokerage or vendor some trading propaganda.
You are like an alcoholic and need help. Don’t believe me. Try and go 10 post without mentioning Al Brooks (in a non Al Brooks thread) and typing AL Br…s does not count. No mention implicitly or otherwise. I do not think you can do it. Seek Help Man.
Victims need your help, along with the support of other victims of Al and day-trading scams. We need full and transparent CFTC investigations and likely prosecution and we need it now. I hope Trump detains trading vendors, rebuilds the ghettoes of USA and builds a wall to restore this ethically bankrupt country. Trump needs to hear from us about these day-trading-marketing criminals. I believe he will act so fast against these scum once he hears from enough of us.
Throw ’em over the wall! Lol.
May they all become expats to the pristine beaches of a certain Ecuadorian village hut.
“Victims need your help, along with the support of other victims of Al and day-trading scams. We need full and transparent CFTC investigations and likely prosecution and we need it now.”
And how is constantly posting in non Al Brooks’ threads going to achieve any of the above? Pete, you’ve pissed people off so much that no one cares. Yes, you took a $20,000 hit. That’s not nice but try getting divorced. Then you’ll understand what being taken to the cleaners is really like.
He must already be divorced. Taking a $20k high interest loan and losing it all will do that for one.
Regular posters are prejudiced against me more than I pissed them off w/off topic posts, Gal Brooks is always tied in with the subject of the review. One of my brokers probably got 20K in commmissions though my losses exceed that, I’m sure these soon-to-be-illegal bucketshops are very thankful for soon-to-be-incarcerated vendors like MTI’S Martinez and the typical WASP-male scammer. Looking forward to seeing hard and fast response by Trump and CFTC action in 2017 against so many of these guys my head will spin.
He won’t and will continue to tag my posts blabbing B_ooks out of his disease also. Predictable.
go ahead and post your entreaties for others to do CFTC complaints on Al’s site, bmt, trade2win, elite, etc. instead of buried here in subthreads tagging my posts. at this current rate their will be no cftc case a hundred years after b_ooks retires.
Good to see these guys were well-reamed by the NFA. Now I know why A Br—s is fearful of the hot poker AKA the NFA..Br—s could have previously been burned deeply by the NFA’s hot poker. Children around the planet pray to God and Santa Claus to deliver an update on Br—s,in the aftermath of the Futures.io interview with legendary cult-founder and Price Action fecal spewer Br—s.