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Here is the problem. No one can prove a vendor is a scammer. There is no way unless you are a regulator with authority to get a judge to force them to produce their results and acquire their brokerage statements.
So yes I think there needs to be a Basic standard set and that standard is they have to show they can do what they claim. Is that seriously asking to much? Al Brooks claims to be profitable trading ES, yet has never shown a live trade or provided any proof he trades live or can trade profitable. In fact, he refused to show Emmett any proof what so ever even knowing he was going to give him a review. IHMO, it is clear to anyone with any common sense Al Brooks is a scammer and should not be allowed to do webinars without showing proof he truly scalps the ES market as he claims.
Now that might be an interesting poll to take. I mean do you hire a roofer that refuses to show they are licensed or ever installed a roof, but they say they are a super great roofer?
If you are going to allow Al Brook's the priveledge of promoting his system and thus his educational books without any verification what so ever he trades profitable then where does it end. Why ban anyone? What Alex is doing is far less damage than what Al is doing IMHO. By that standard anyone should be allowed to do a webinar. What is the standard. After all if proving you can actually do what you claim is not a standard then what is?
And if you highly advice against scalping, why is that if you think Al and these other scalping vendors are legit. Yet not one can show any proof of their claim. I mean not a single one.
So put up that poll. Should vendors like Al Brooks actually have to show they can trade a live account profitable? This is not a tough standard. To be it is the basic entry point standard and simple for them to show their brokerage statement. But here is the rub, they know if they put out fake statements, the regulators can then go after them and they have no real statements to show, as they are not profitable traders, but educators. I wonder if Al is even a Doctor. That is how bad this industry is. Don't believe me read Emmett's site and these Trading Rooms.
Because if a vendor can not trade their own method or software profitable, there is zero chance anyone else will be able to do it.
Can you help answer these questions from other members on NexusFi?
If you don't like Al Brooks ask him for a refund. If you have an issue with any of the webinar presenters collect your evidence and PM @Big Mike or me. Hosting the webinars I have been privy to see the amount of work Mike takes to ensure the content of this site is top notch. You have no idea the amount of time, money, or resources Mike puts into this site.
You seem to have missed my entire point. Do you think member want to see webinars by Actual proven profitable traders or by people who claim to be profitable. I could right now make up a trading method, write a book and say I am a profitable trader. It means nothing. Bernie Madoff did it. It means NOTHING. Do you not understand that. If not I cannot help you see the light.
And as I stated no one can prove a vendor is a scammer, they have to prove they are legit as any business does. The best you can do is ask for brokerage statement and when they refuse that tells you all that you need to know. And that has already been done
And BTW, I use Al Brooks as just an example as he is one of the top webinars on here. But it applies to all. So TTturner what exactly is your standard??????????????
Again put of the poll. Would you rather watch webinars by proven profitable traders or by educators that claim they can trade profitable, yet refuse to show any proof. According you you TTurner, the latter will take the win.
To be clear, I never attended his room but I did hear his side of the story (or at least most of it).
I wasn't going to say anything in this thread as I honestly liked rocksolid68, but I think @Big Mike might be making the wrong decision by letting the community decide whether or not to unban.
One of the things that makes FIO such a great community are the rules that are in place to protect its members. Those rules aren't always popular, and that's proven to be the case in this thread.
We don't all like the rules, but look at the other trading communities and you'll understand why they are so important.
I think we should all respect the decision that Big Mike made on this topic and move on for now.
If he is a young, highly profitable trader who wants to help others, this ban won't stop him from doing any of that. And he will be here in a year or so. Then Big Mike can make a decision on whether or not to revoke his ban. Let time prove who he really is.
Regarding the whole profitability question. Rocksolid68 mentioned that he wasn't going to post his statements because it wouldn't benefit him in any way, and people would think it's photoshopped, etc.
Are there not third party neutral sites that can verify results? Isn't that the purpose of FundSeeder? Can someone enlighten me on why it's not as easy as hooking your broker up to FundSeeder, and linking your FundSeeder profile to prove that you are indeed a profitable trader?
Yesterday's excellence is today's standard and tomorrow's mediocrity
Guys, let's not reduce this thread into an argumentative one.
As Neo1 stated above, whatever it was "something is off".
Alex should have come clean about his initiatives, so he would not have to be banned in the first place.
We're all adults, so it is up to us to make our own judgement calls or adopt a practical one, as mentioned by kevinkdog.
Having another poll or other forms of "safe-guards", as suggested by rwbil, won't stop a fool from parting his money again. I know coz I've been one of those fools.
These vendors will just pop up again in various forms, like weeds in a garden.
I really like the way this forum is run and moderated, it is unlike other forums out there. Credit goes to @Big Mike for keeping it the way it is and enforcing the rules.
Lets all be adults, respect the decision and move on. I don't know about you guys, but I'm here to learn Trading in this forum, not learn Arguing.
You are right anyone can fake statement, but the minute you do that it opens you up to fraud like happened to Open Range Trader. A better solution is just show your brokerage account and the trades taken that day live right in the room. Just hide your account number. No personal information is given out and not very hard to do. Now that can also be faked but much more effort to do such.
BTW what happened to the poll. I no longer see it.
I had a very long post all written out. Then I realized, there is no point. Some people get it, some do not, and I've tried my best to explain it before already (just read my thread).
Here is the shortest post I can make: stop chasing vendors of any kind, and in the process of doing that, stop obsessing over brokerage statements. And when you say no one posts statements - remember who you are talking to, the guy that posted them every day for months (real live cash, real-time trades).
Please take my advice if you think that I have learned anything in the 7+ years of watching people on this forum repeat the same mistakes. Stop chasing vendors!
And now, just because I spent so much time on my other post, here is a screenshot of it before it's deleted forever