Youtube Traders Real or Fake...What do you think

I’ll take your answer to be a refusal to answer my question, “What strategy are you talking about and who sold it?”

Look, I do think people who sell unfit products should be named, shamed, banned and even sued and prosecuted. But they should not be branded with a label without evidence. So far there ain’t none.

I cant give you evidence because i never paid for a strategy. There are numerous cases of people on forums like this that paid for strategies and ended not being profitable in the end.

They should be the first ones to show the evidence,
Its not hard, all you have to do is say i am a profitable trader, i have a profitable strategy, and these are the results of this strategy, And then have something to show to back up your claims.

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No doubt that’s true, but how many of them failed due to the strategy they paid good money for being impossible to trade profitably?

Equally likely there will be numerous cases of people who did not trade profitably despite having found profitable strategies.

But there’s no way to know how many are in each camp. So why would you make it an issue?

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There really are legitimate Strategies being sold out there. But, a strategy is only as profitable as the person using it.

Most people will fail regardless of the strategy, then it’s easy to blame the seller and call it a scam.

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But, I guess to argue my own point, the person selling it already knows this. So there’s that too.

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The issue is that people that sell a strategy should provide evidence that their strategy is profitable, that way if someone fails using that strategy they will know that its their own fault.
Selling a strategy and then saying it didnt work for you, its your fault. It just turns things to easy for scammers.
Buy this 1000$ strategy, if i doesnt work its your own fault,
come again i have another one to sell, this one his better costs 2000$ if it doesnt work its your fault.
Know this is as you say good business at work. You sell a product and in the end its always the clients fault if it doesnt work.
You should team with the scrufytrader or perhaps you already did.

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A strategy is not the most important thing in trading, so when someone sells a strategy they are basically scamming people because they know that it wont serve is purpose, most likely people will still lose money.

I am in no way connected with scruffytrader or his activities. I have no business arrangements with any person or corporate entity, I am not involved in any way, for gain or otherwise, in sales or marketing of any financial or other product.

I simply express my own opinions here as we’re all entitled to do. In addition, I at times request other posters to post up evidence to support what they say, which is pretty much parallel to what you say about vendors and trainers, that they should post evidence in support of what they say.

So, alright, we’ve heard a lot about your suspicions so why don’t you follow your own principles and post up the evidence you have of dishonest or fraudulent activity?

Ok
here is proof of dishonesty

In the 1st video its him trading £25 per point but its on a demo account.Why lie thats its real.Thats dishonesty

In the 2nd video ,He falsifies his trading history using editing to make it look like its a real account.More disgonesty

Disagree.
If tell you to cross ma(9) and ma(18) on eurusd h1 stop and reverse and this strategy lose pips it will be the same for everyone.
For example buy and hold spx500 works for everyone.

Thera are many youtubers that explain basics in a funny way without being profitable traders and that is fine.
Another thing is asking money for a profitable strategy that is not proven to be profitable.

@mark1111 - You know already that I say it doesn’t matter if someone promoting a strategy uses it in a real account or not. I’m interested in the strategy and whether it can be made to work profitably.

Maybe you can demonstrate how these techniques are unfit for purpose?

Is that like not like saying trade without a stoploss.if you never have a realised loss then technically you are profitable
So if I sold that strategy and came on here saying that’s how u make money ,do you think that not a frayd

To test a strategy you should execute it for one year, or code it and test it on past data.
Doing that for every teacher on youtube would be a full-time job. :grin:
But it has been done for Fuller, Mitchem and many famous guys…
If the guy states something false we are starting on the wrong foot…

Not sure what you’re saying.

Are you saying that scruffy recommends trading without a stop-loss? I don’t think he says that. In any case, trading with no SL does work in certain strategies, though they are not common and not commonly recommended for new traders.

But my general point stands - if someone offers a strategy, for free for for payment, its not essential that they are actually trading it with real money. It is only essential that the strategy works.

So if I sell you a strategy than does not makes pips I am a good businessman and not a charlatan… :thinking:

If the strategy was unfit for purpose and could never be made to work profitably by any trader, then you would be a charlatan.

It kind if does.matter when you are saying u make 3000 today and make hundreds this day when in fact you.made nothing

And he is far off no stop loss.he says it far off out of the noise.but as it’s demi it can be as far as he wants because it’s not real who cares how much drawdown it take to come back positive…now if that was real money and he traded that way fair enough but it’s not

mark I’ve said enough times now that it just doesn’t matter if he trades this with real money or demo money. The question is whether its a profitable strategy.

Like in any business situation, the prospective buyer can make up their own mind if they trust a vendor’s words or not but that’s a subjective thing. It allows for a range of responses. Many people have bought products for which they didn’t quite 100% swallow the advertising or what the salesman said or what the reviews reported.

But a product like a trading strategy is a separate matter and this is objective. It either works or it doesn’t, its a binary choice.

The first step is always credibility.
If you are not credible everything else has no value.