is this also a scam

This is a discussion on is this also a scam within the First Steps forums, part of the Reception category; www.inertiatraders.com What do you think? Thanks John....

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Old Feb 19, 2005, 3:04pm   #1
 
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is this also a scam

www.inertiatraders.com

What do you think?

Thanks

John.
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Old Feb 19, 2005, 3:51pm   #2
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Website seems to be registered to;

Chris Ang
101 Cashew Road #03-02
Singapore
679672
Bukit Panjang
SINGAPORE
chris_ang@hotmail.com
+65.97127003

You could let the guys at http://www.fx-review.com/ know about it as they do a good job weeding out the worthwhile systems from the scams (and the main person is based in that part of the world). I'm sure they would be interested.
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Old Feb 19, 2005, 4:42pm   #3
 
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If your not convinced just check the backtested data, they have back tested it over one month (10 trades). I guess if that doesn't convince you, then nothing wil (not even 2 months of back tested data )
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Old Feb 26, 2005, 11:16pm   #4
 
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Thumbs up!

I purchased their strategy 'Inertia' around 2 weeks ago and their team step by step not only taught it to me, but it has functioned great thus far (and i'm a skeptic). Furthermore, their traders allow you to join their daily MSN convos before trades are placed, allowing for near 95% accuracy. Talk about teaching a man to fish!

I haven't invested in their series of funds but there is no need, as the strategy is perfectly laid out and support staff REALLY know the FX markets well.

best always,
FXtrader2005
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Old Mar 11, 2005, 5:00am   #5
 
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How long have you been trading FX prior to using their strat?
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Old Mar 11, 2005, 6:03pm   #6
 
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Quote:
Originally Posted by FXtrader2005
I purchased their strategy 'Inertia' around 2 weeks ago and their team step by step not only taught it to me, but it has functioned great thus far (and i'm a skeptic). Furthermore, their traders allow you to join their daily MSN convos before trades are placed, allowing for near 95% accuracy. Talk about teaching a man to fish!

I haven't invested in their series of funds but there is no need, as the strategy is perfectly laid out and support staff REALLY know the FX markets well.

best always,
FXtrader2005
Call me Mr Cynical, but when a user's first post is the gushing praise of some trading method, I am not entirely convinced of the independence of the views expressed.
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Old Mar 11, 2005, 6:37pm   #7
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Quote:
Originally Posted by zzaxx99
Call me Mr Cynical, but when a user's first post is the gushing praise of some trading method, I am not entirely convinced of the independence of the views expressed.
And particularly if the user registered on the forum on the same day! So let me see how it works:
1. I have just purchased an obsecure trading system last week.
2. Then I registered on T2W.
3. Wow, they are talking about my obsecure trading system here! What coincidence. Let me praise my wonderful system!

Nice.
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Last edited by pb; Mar 11, 2005 at 6:42pm.
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Old Mar 11, 2005, 6:41pm   #8
 
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Yes but he says he is a skeptic and has been using it for 2 weeks, why would someone lie about that

Also by the looks of his post they also teach you to fish, so if the system/strategy doesnt work and you lose all your money at least you have some way of putting food on the table.
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Old Mar 12, 2005, 2:50am   #9
 
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I was lurking on T2W for at least a full week before I bothered to register and astound the yokels with my vast wisdom.


But seriously, let's see if they (or he) respond(s).
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Old Mar 12, 2005, 1:23pm   #10
 
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Quote:
for near 95% accuracy
Far too good to be true.. they should have at least made it a bit more believable by saying 75% accurate
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Old Mar 12, 2005, 1:25pm   #11
 
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Quote:
Originally Posted by Racer
Far too good to be true.. they should have at least made it a bit more believable by saying 75% accurate
I see the link for inertiatraders.com has stopped working now, hope nobody got scammed.

J
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Old Mar 12, 2005, 1:38pm   #12
 
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Two weeks in any instrument is but a flash in the eye. Be patient and wait a few months, in fact 5 years is more like the mark and see what develops.

Many of these situations remind me of two boys at school who were compulsive gamblers. They used to spend the break period on rainy days at a window, betting on whose raindrop would reach the bottom first.

Like all ideas that do not have a solid and provable theorem to underpin the method, the best that can be expected is what repeated coin flips produce : 50%.

On the plus side, however, if tight stops are set and adhered to, in principle, anything can be traded, provided the stops are adhered to strictly and the profits allowed to run. The difficulty is that in an an arena such as this it is the continuation of proceedings ( when viewed in the absence of a solid understanding ) that cannot be guaranteed, without the application of a sensible method.
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