Hate to say it though: I’m not impressed with any of this.
My advice to you would be to watch out is all.
Here’s why I say this:
I can fully understand somebody with capital looking for traders that have PROVEN track records and giving them a slice to trade and then splitting the profits or something. But in this scenario: I cannot see how the trader would be CHARGED for the privilege. It would make absolutely no sense to me. Only other POSSIBLY understandable scenario to me is where the trader must put up a certain amount of their own capital and their losses if any are then limited to that amount.
In your case (and I can tell you this is what I would do if I were to go down that road i.e. easy money): I’d let you pay for the course, give you the course, and when done (assuming you “pass”) I’d say “well your score was not high enough and others scored higher than your so don’t call me I’ll call you” type of thing. And then to still pay for a “mentor”??? Why is the “mentor” just not trading the capital then??? Makes absolutely no sense I’m afraid. Not to me anyway. You say that maximum draw down is 4%, So they’re training a new trader with no experience or track record and saying “well if he loses 4% of capital that’s alright”. Nah. Would YOU do that??? With YOUR money???
Sorry. I really wanted more info. because this stuff has been suggested to me more than once. But nah. Personal opinion is that some very clever people have come up with yet another way to fleece people of their money and in such a way that they actually look forward to parting with it.
I do wish you (all) well with this. But I think I’ve seen and read and heard enough.
Tell you something else though:
If you get a job as a trainee at the like of Goldman Sachs for example: you’re not just let loose on an account after some initial training that is FOR sure. The training ain’t just one little course for four weeks and that’s that. Takes ages. And even THEN you’ll only be allowed in the same ROOM as the experienced traders and will have to sit and watch them for a good while. And even AFTER that you’ll be under supervision for a while. They certainly would not send you on your merry way to go play at home remotely while trading their money.
ok so this is them using their own course and then you are using service by a company called 5%ers for the trading account pretty much theyre getting money off you for the course and then money off the company for them introducing you to them and if and theats a big if … you was succesful theyd make money of rebates from your account . if i was any of you guys steer way clear of these people and companies theyre just here to rob your money . my recomendation is to learn as much free education as possible , start trading and journal why you have entered and then over time youll be able to tweak your stratergy and eventually become profitable failing that i would recmoend you read j16s price action thread and go onto twitter and follow guys on twitter who trade fx… youll learn quite quickly who is a cunt and who isnt
I am a new member so can’t put links in a post but I have all the screenshots.
This chap is interesting. He’s posted a YouTube video claiming to turn 2k into over 300k in around 6 weeks.
Usual bluster, however, he’s got a verified, live myfxbook account
That adds a spanner in the works.
However, it turns out he owns / is involved with this YLDFX broker. So no doubt he’s manipulating the metadata. The link is clear from a now-deleted webpage which shows it’s his bank account his limited company linked to this unregulated, off-shore broker.
I asked him about this on myfxbook but he’s now blocked me.
Damn… So happy i saw this saved me a lot of time and money thank you to all the people posting and responding with reason. If you type Turbo JRSX on youtube you can literally see that is the exact same thing Samuel has and there is videos from more than 3 years ago honestly what guy in their right mind would copy a free indicator and sell it for hundreds of pounds. Honestly tho when i try to look for the Turbo JRSX Indicator i just see binary scams talking about it.
Also you can only get this indicator on metatrader 4 and you cant install metatrader 4 anymore you can only install metatrader 5 so if you want the actual indicator you’ll have to buy it
The moment everytime I see samuel face on youtube I know he’s a con artist. Very cocky attitude. He seems like he’s the god of trading. Avoid this guy at all costs.
Well, you pay 3k, and then they fund you with a max drawdown less than 3k, which means they cant loose. but IF you some how go profit, they earn money.
Its like the 50s when hospitals couldn’t say if it was a boy or a girl, and this company had a money back guarantee on their service to tell the sex, if they are wrong, u get your money back, pretty much 50% of the time they are right.
Daamn son my first post here and this is very interesting…
I’m starting my training soon at the start of November and paid half of the previous fee so they have reduced the registration fee. Coming from a disadvantaged background that money was quite hard to cough up and I even asked to pay in stages So if this does turn out to be a scam it is quite disappointing…
I have been helped out by a member of the Samuel and Co team and he seemed quite an honest fella but this is quite a shock…
Funnily enough my Parents thought this was a scam and told me why would I be given £20,000. But damn this is quite interesting.
Lol sorry bro. Hope you havent lost too much money. I’m sure you’ll learn something but what you’ll find is you could lhave learnt it for free online. Oh well, good luck! Let us know how you get on.
Yes, there are two threads running with different contributors.
I’m just waiting to hear if he is pushing kamikaze strategies which cannot make a profit. Or if they have some valuable points that can be picked up for free.
I’ve no intention of paying for anything. I was hoping to find out if he’s got a strategy with some usable tips I could adopt/adapt. Conversely anything it would be worth not doing.
So if this does turn out to be a scam it is quite disappointing…