Futurescomsignals made 6.5 million this year ?

Discussion in 'Trading' started by puretruth, Nov 25, 2009.

  1. Got this from elitetrader


    "Trading signals are generated by a trading team which has been providing highly successful signals to leading hedge funds for over 10 years, in addition to managing trading accounts in excess of $50m."

    www.futurescomsignals.com


    The "prove" is only a (photoshopped ?) statement for june 2009, of course the broker name is not visible..

    http://www.futurescomsignals.com/statements.pdf


    How real can this be when we read this :

    "HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS., SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS"


    http://www.futurescomsignals.com/index.php?option=com_content&view=article&id=87



    Anyone tried them out or is this just another scam ?
     
  2. This question need not be asked. The answer is staggeringly obvious
     
  3. Alex, is that you????? :D :D



    The Ever Laughing At My Own Jokes VIPER
     
  4. Uh OOOOH the dreaded, almighty, Turquoise colored line, on a simulator no less, but a live trade.


    The Ever Fearing The Turquoise Line VIPER