i subscribed to Phil Boakes' signals. The intro price was like £50 for the month as i recall. Well, there were some winning trades and some losing trades, unfortunately overall i was down. I put it to him who didn't seem to believe me or have the same results even though i traded the same signals. Well, one text did arrive hours late! but even so on the whole i could not have entered the trades that much after him.
He does boast to manage people's account with a 20% return over a year and he seemed very confident in his system despite my own experiences to the contrary. Therefore rather than depending on signals being sent by text i decdided to buy and learn his system. To attend a seminar cost around £900 but if you just bought the book with some support it was £500 Then he gave this 50% discount offer for the £500 package and i went for that believing i was unto a bargain. Well, it was not the same package at all! So, truly i was not receiving the same package but only at 50% discount i was receiving something else-a watered down deal. What i got for £250 was a small folder with some photocpied material. Now, i'm not one for style over substance and wouldn't care if it was handwritten notes if the knowledge was genuine and comprehensible, but nor was that the case.
At least for a complete novice i couldn't make anything out of it. I needed it really broken down in steps and explained one bit at a time How-To-Actually read and setup the trades! I emailed and said that i didn't get it and that i was frankly surprised at what he sent and how it was presented and that in any case i could do nothing with it and get nothing out of it. But Phil wasn't interested and also refused to give me a refund.
There seems to be this prevailing philosophy, the opt out clause, which everyone uses to get out of and avoid responsibility and accountability. That is 'don't use money you're not prepared to lose' which then makes it ok for every tom dick and harry to advertise anything ask money for it and if one has been duped and thrown money into another hole then that is apparently all part of the risk of getting involved in this industry. Its one thing not trading with 'scared' money but its another for teachers and mentors to just grab money off people without care whether their product actually matches up to what is advertised or not and/or whether customers are satisfied with it or not. Doesn't exist as far as i know in any other area of business.
Well, that is my experience of Phil Boakes. It seemed to me that he doesn't use scared money because he uses everybody else's money. Who knows maybe his system does work out for him in the long run but it didn't for me. Who knows maybe the folder he sent me is filled with gems if i just applied them but i wasn't able accessible to me. It's the 'oh, well, i've got your money now - bye then' attitude that hurts.