Who was that geyser.....

I actually used his service for a few months. Did I make money blindly copying his trades? NO! - Did it inspire me to new ways of thinking and open up new ideas to me YES!

If Phil Newton had told you he LOST 30,000 pips in the previous year would you have given the service a try ? (Ironically there are people making rather a lot of money from negative pips but hopefully you take the point)

If Phil Newton had said he'd made a very respectable 15% ROI in the previous year would you have given the service a try ?

The 35,000 pip sales pitch is rather alarming.
 
Perhaps.. But all my point was is why does making money in the markets stop someone from also being and educator?

It seems like people see "25,000 pips" ooooh "knee jerk reaction" its a scam! Have a read of his site, that's not actually what he's offering!
 
Jamie Oliver is a successful chef and restaurant owner. Why should he sell cook books if he makes enough money?

not a great analogy that. Jamie Oliver is about brand 'Jamie' full stop, the guy will pimp anything out as long as it makes him money.

You can't judge peoples motives purely on how much money you think they make. If you do it probably says more about yourself then the person you are judging.

no need to take it personal was there. It's nothing to do with people's motive's it's all to do with is it credible that someone who claims to have made 25,070 pips in 2012 which on a puny 1 lot would be c. $250k would sell training to people for £60pm. I stay objective at all times with matters of trading, if I was in the market for a vendor I would be most concerned about what I would be getting from the vendor not the vendors motives.

Maybe he's passionate about teaching? Maybe he wants to network and meet people as well as trade?

again I go back to historical evidence and I have asked many a vendor why they teach, a stock answer is they 'enjoy teaching'. The need to socialise/network with people is not credible in my view. Charging people to join a live room for the purposes of networking just isn't credible. Again people have to form their own opinions as to whether this is a credible reason.

Secondly, its only £60 a month or whatever. He's only going to make money from that business if people keep re subscribing on a monthly basis. Meaning he has to provide a service that people value. Scammers try to take large one off payments because they know their days are numbered.

Scamming comes in varying degrees in of shadiness. The more serious fraudsters will of course go for one off heists as they know they are more likely to be caught however my investigative experience (in a past life) leads me to believe that scams can go on persistently if not for decades. I could quote example such as madoff et al.

I actually used his service for a few months. Did I make money blindly copying his trades? NO! - Did it inspire me to new ways of thinking and open up new ideas to me YES!

This raises another red flag for me. If you used his service where he had no losing months and 25070 pips in live trading last year how is it that you did not make money or at least break even copying his trades. That doesn't make sense.

I don't think anyone would argue against the assertion that the majority of trading trainers cannot trade profitably themselves. They then go on to sell the pick and shovels with varying degrees of shadiness.

I would repeat though I have no idea whether the guy is genuine (i.e. can he trade profitably and can verify all 20,070 pips in 2012). All I am saying is that it is better to retain a healthy scepticism to vendors and ask for trading statement. Normally when you ask a vendor for statement you are batted away or ignored, some will provide them though which for me is helpful.
 
This raises another red flag for me. If you used his service where he had no losing months and 25070 pips in live trading last year how is it that you did not make money or at least break even copying his trades. That doesn't make sense.
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Where did i say i didnt make money? Again with the assumptions!

I didn't copy his trades exactly, that's not the point. I learned from his videos about price action, identifieying trends and many other things and had a lot of support from him.


I think your looking to his service as a get rich quick scheme , which I'm sorry to say its not (you won't find one).

Anyway, different opinions. Just saying I found him very genuine and helpful. Not once did i feel scammed. He was a big part of my learning curve
 
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Where did i say i didnt make money? Again with the assumptions!

sorry you said

Did I make money blindly copying his trades? NO!

so I interpreted this to mean that you didnt make money copying his trades.

I think your looking to his service as a get rich quick scheme , which I'm sorry to say its not (you won't find one).

I am not looking for any service I stopped that years ago. All I am saying is that what is being touted doesn't look credible in my opinion. others opinion may differ.

Anyway, different opinions. Just saying I found him very genuine and helpful. Not once did i feel scammed

you keep saying the guy is genuine and you did not feel scammed. How else do you expect a vendor to behave? how do you know you were not scammed? if for example it was discovered that those 22070 pips were not genuinely earned pips and that the figure was made up would you then feel scammed? it seems as if you are basing your judgement on if you think he is a good bloke or not. hardly objective is it.
 
I was making the point that its not a signal service, sorry i thought that was clear!
 
you keep saying the guy is genuine and you did not feel scammed. How else do you expect a vendor to behave? how do you know you were not scammed? if for example it was discovered that those 22070 pips were not genuinely earned pips and that the figure was made up would you then feel scammed? it seems as if you are basing your judgement on if you think he is a good bloke or not. hardly objective is it.

Because guaranteed pips is not what was he was selling. Am i saying it wrong? He was teaching trading techniques, technical analysis. Yes i can find all that info for free on the internet, but it was useful to watch someone apply it. I knew nothing about the markets and i learned a lot from him, for very little. And here i am today trading for myself for a living, nice bloke or not.

And all that cost me a couple of hundred quid! Far less then going head first into a spread betting account and losing '000's don't you think? Which is something that a countless number of people do.


I'm sorry if you don't like what i'm saying, but it just my opinion of having used his service for 3 months.
 
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Are you serious? You actually think that's what i'm suggesting? -

I just saying it was part of my education that eventually led to me down the line developing my own ideas, he just lead me down the right path.

As i said before, too many people get sucked in by the brokers and firms and just lose thousands. I'd rather (as a newbie) pay for a little education.

We don't all expect to be spoon fed!
 
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So all it takes to make a living from the markets is 3 months and £200 ? Can you call out some trades to let me see how good this course is ?

If you want live calls then sign up to his live trading room, I think it's free for 7 days. Don't expect any help manipulating the manipulators though.:D
 
Can you call out some trades to let me see how good this course is ?


Assume this is the usual no statement/ must be a liar routine?

all i have is this years
 

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Assume this is the usual no statement/ must be a liar routine?

all i have is this years

Very good. Your statement has passed the official verification. I will look at the details later.

I don't remember ever calling anyone a liar. If that would induce people to submit their statements for verification, I might have to start doing that. I did state previously photoshop statements are allowed. So practically anyone can come up with something.
 
Not you personally but that seems to be the general consensus here a lot.

Perhaps your are just too sensitive. People generally go after the vendors. So there might be a sliver of suspicion if you happen to endorse the vendors. Personally, I am neutral towards vendors unless they specifically annoy me or attempt things with no care or subtlety.

The best way to demonstrate credibility is showing statements or call out trades. Although some would not accept statements. But in my book those who do show are better than those who don't.
 
But statements alone can be mis-leading. Someone could be trading across multiple accounts. You'll never have full transparancey
 
But statements alone can be mis-leading. Someone could be trading across multiple accounts. You'll never have full transparancey

Perhaps. My view is that winners don't come easily - the other side of the trade won't let you and it doesn't matter if you toss coins or doing something else. Those who can demonstrate some, even if they are loosing their shirts elsewhere, have achieved something worthy.

See, people mistakenly think there is only one side to a trade and that side alone affects the out come.
 
But statements alone can be mis-leading. Someone could be trading across multiple accounts. You'll never have full transparancey

the only truly transparent way would be to have the trading verified by one of the publicly registered notaries in the UK. that would be lulzy though :LOL:
 
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