Yes. I was a newbie to this trading world. I paid for systems and some did not work, I did learn things from them. 1,000 is not a lot for me, so that's fine. I did pay for John Carter's book and others. I did not gain anything from them, but I did prevent massive losses. Yes. I was a sucker. But it was not all bad.
Regarding trading services, nobody should ever ever ever ever ever ever (insert 53 more ever's) pay more than a few hundred per month. If someone is asking for a one time large payment you should run the other way. add: If the trainer offers some proof of results a higher monthly fee could be justified, but always stay away from one time payments.
If a vendor is not making it easy to verify his claims, then the odds are near 100% you will lose whatever you give him. He can offer: verifiable broker statements, or audited results (there are at least a dozen sites and brokers who will track results in real time). Or can have a track record, and give you a month free trial so you can verify what you get as signals match the results in the track record. testimonials, "some trading results", promises, training and other things from someone you don't know should always be rejected. As has already been said in this and other threads. Yes a good trader might exist, but even then, no one should be selling something and make people who do not know him "trust" him. Especially for thousands of $$$
I would have asked for $2,000 back from the con man. If his answer was "No" I would have invested another grand in an arsonist. Satisfaction guaranteed
I think the above says it all. They have been around a long time and they give you the numbers of those that are not even profitable? Run!!!! Joe.
So I've heard. But at long as he posts 15 times a day and generates alot of traffic on ET (as well as catching OTHER spammers), Baron loves him...not a bad way to sell subscriptions to vendors that way....see, my site has XXXX number of hits and memebers....too bad the quality is shit (I mean, PureTick is the best example of what really goes on here- and I bet the only reason Puretick is no longer a sponsor is not because Baron cares about quality or how his memebers are treated, but conman Alex neglected to pay his fees ). P.S. I give this post about 10 minutes until it gets deleted