Oil Trading Academy

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quin2k

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Hello everyone,

Greetings to all. This is my very FIRST post and I'm proud of having finally made one in almost two years!

Has anyone had any experience in using the system that's being sold by David of the Oil Trading Academy? He claims a 90% win rate. i believe that he's done only one live webinar so far but I was half-asleep so I didn't pay too much attaention to his calls although there were a few that I observed to be accurate. Incidentally, I live in the Southern hemisphere hence the sleepiness:sleep:

Best to all.

quin2k
 
90% is not the figure you should be looking at, instead it's all about how much you make when right and how much you lose when wrong. Therefore someone who only wins 10% of the time can be an extremly profitable trader.
 
Wow! Could you please elaborate a liitle more and perhaps illustrate with an example of a recent trade?

Many thanks.

quin2k
 
the guys a nut job and a scammer. 400 bucks to tell you to trade on an hourly reversal controlled by a computer.
 
quin2k said:
Hello everyone,

Greetings to all. This is my very FIRST post and I'm proud of having finally made one in almost two years!

Has anyone had any experience in using the system that's being sold by David of the Oil Trading Academy? He claims a 90% win rate. i believe that he's done only one live webinar so far but I was half-asleep so I didn't pay too much attaention to his calls although there were a few that I observed to be accurate. Incidentally, I live in the Southern hemisphere hence the sleepiness:sleep:

Best to all.

quin2k
Click to expand...


If anyone claims a 90% win rate and wants your money, then please stop any contact with that person. If you find yourself talking to such an individual and they then say, "hey i've got a 90% win rate, i'll tell you my secrets for £499.99...", you turn around with your back to them mid-sentence, walk away, and then at about 100 yards distance you shout an obscenity of your own choice at him.
 
quin2k said:
Wow! Could you please elaborate a liitle more and perhaps illustrate with an example of a recent trade?

Many thanks.

quin2k
Click to expand...

Chance of trading working, 10%. Risk is £1 but reward is £25. Do as many of these trades as possible and you're rich even though most of your trades, 9/10 will be losers.

Chance of trade working, 90%. Risk £25 but reward £1. Do a few of these trades and you're poor.

Summary: NEVER get taken in by how often a trade strategy is right because it's NOT relevant. What is relevant is how much you make when right versus how much you lose when wrong, which is why many very successful traders are wrong far more than they're right.

However, people wanting the easy route, the get-rich-quick schemes normally always focus on the % chance of being right. Then they wonder where it all went wrong.
 
Here's a good rule of thumb -

Be very wary of anybody or firm in this business that bills themselves as an 'Academy'. It's nothing more than a marketing term used to sell a product which happens to be trading/investment. Basically you're probably being setup by marketers rather than proper traders.
 
the people who say this is a scam don't know what they're talking about, or never bought the course....
 
kymfahj said:
the people who say this is a scam don't know what they're talking about, or never bought the course....
Click to expand...

The fact that this is your first post and you're supporting it just tips the odds even more that it's totally rubbish.

But prove us all wrong, I assume you're trading the method so why not list your trades here for a couple of weeks BEFORE you put them on. Then we can see the 90% accuracy and profitability in real time :)
 
But they know the secret code so they must be making money.

Quote from website

Oil Trading Secret Code....
Want the ultimate trading method? Turn the oil market into your own personal ATM machine.
Live, play, trade, and stay thirsty my friends....
Contact Us Here



Get Ready To Fall Straight Out Of Your Chair In Disbelief....
The MACRO CODE is the most mind boggling trading discovery ever made in history. The MACRO CODE is 100% GUARANTEED to produce at least 1,000 to 2,000 pennies profit per month, or your money back!

The Time Has Come To JOIN THE FINANCIAL REVOLUTION!....


Monday June 20. 2011
 
JRP2891 said:
If anyone claims a 90% win rate and wants your money, then please stop any contact with that person. If you find yourself talking to such an individual and they then say, "hey i've got a 90% win rate, i'll tell you my secrets for £499.99...", you turn around with your back to them mid-sentence, walk away, and then at about 100 yards distance you shout an obscenity of your own choice at him.
Click to expand...

Can you give some examples to get us started? :)

Peter
 
forget it. I agree whole heartedly oil trading academy is just trying to find an agle to get some of your moeny from your wallet. I should send this to a few of my guys who actually trade oil and we're not talikng mom and pop traders. They would have a huge laugh at this one
 
I found the secret code course useful for scalping small ticks. You should not attempt to swing these trades as most of them are counter trend trades. I'm seeing consistent profitability around 65-70% with some 100% successful days. The course is based on rhythmic or cyclical phenomenon with no indicators.

The hardest thing about the course is improving your entries to maximize your profit and overcoming the psychological issues of trading. If a signal is weak or does not appear, you should not take a trade. Don't force a trade. The secret code strategy is like a hunter or sniper waiting for a strong signal to appear and then you take the shot. Waiting for the signal and seeing weak or nonexistent signals can be the most frustrating thing about this strategy. You can make about $200 to $500 per contract per trading session conservatively depending on the frequency and contract size of your trading.
 
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