READ This Very Well Please It’s Amazing email sent by Felix and I have receied it 3 times till now to pay in a wrong signals services as what happened in forexdiamonds.com!!!
Are you from those movie admirers? If you are, so when was the last time you went to cinema? Don’t be worry, the last movie has finally came. But there is a surprise here, you haven’t to go to the cinema and reserve a ticket! because it will come to you wherever you are! Can you believe this? You can open your mail now and see.
The movie scenario will be sent to you and here you are the movie cast:
Location: FPA website
The author: Felix
The criminal: Felix
The victim: You
The director: Felix
And here you are the scenario as it is sent by Felix (the movie creator):
“This is Felix writing. I am a full time forex investor and the founder of Forex Peace Army. I have something very important to share with you that can either MAKE OR BREAK your forex learning and your forex trading success.
Running ForexPeaceArmy.com website for the last few years has been a very interesting experience, because it has made me realize all the corruption that’s going on in the forex world.
It’s by far the most corrupt industry I ever encountered. I can’t even tell you how many times I have seen brokers, big and small, refusing to release profits to traders, or outright stealing their money by registering fake losing trades on their account.
There are also have been many occasions of forex signals companies reporting fake performance.
There are companies who sell forex software that doesn’t work, and they know it, so every few months when the word gets around, they repackage it and change the label of that software, and continue selling it, as if it’s something new.
Forex Peace Army has a very large membership base, and we get lucrative offers from companies large and small all the time, offering us 50% of the profit in their business and more, just so that we could recommend them.
It would be very easy money for me to send you such offers every few weeks. Let these companies do the work, and I can collect the hassle free check from them. I refuse to do it, because I have a very critical mind, and lots of forex experience, so I see right through all the bullshit that these companies try to offer.
Some of them are even ranked 4 or 5 stars by Forex Peace Army members, but I find that many people leaving reviews are very naïve, because they don’t judge the company by the amount of money they made with their product. Instead, they judge them by the charisma of their educator.
Over the last few years, I personally started several “forex education” services. I even ran one of them myself. The common trait between all the services I started was that the educator was giving live trades to people, and he was explaining the reason for his trades. This way the performance of the educator was pure and legitimate, and people could learn by example instead of by some bullshit forex theories. In addition to that, the people could make money by copying the educator’s trades, while they learned the ropes.
To be quite honest with you, there has always been a problem offering such services to people. The problem was that the educators running these services, including myself, were full time traders, and had the luxury of watching the market around the clock, anytime they wished. But the people that were signing up for the services had other jobs, and had lots of trouble finding time to follow the educator consistently.
In August 2008, something very interesting happened. I was talking to a friend of mine, who like me, has been trading forex for a very long time, and who mostly has been making his trading decisions based on economic news that come out from different countries. We were just talking, and I casually was asking him how much money he has been making, how much time he has been spending, what his average winner and loser have been. So he started giving me all of his statistics, and to be quite honest, I thought that he was bullshitting me.
Since we were friends, I told him that I think he is full of shit, and I don’t believe his statistics. So he felt offended, and gave me login and password to his live account. I looked at his real account statements, and realized that the guy was telling the truth. I wasn’t impressed with the guy’s account size, it was a little over $100,000, and most successful traders and investors that I know manage millions. But the point was that his trading statistics, in terms of the results for the amount of time he was spending trading were the best I’ve ever seen. They were much better than my own.
So I told the guy that we can really capitalize on his amazing trading skills, and he can very quickly build up his trading account by sharing his trades with other people, and teaching them the way he trades. He agreed to give it a shot, and I let him issue his trades and explanations in one of my live online conference room in front of around 50 people. What can I say…over the last two months, the room attendance increased from 50 to 100 people, simply because people started telling their friends about this guy.
This guy started sharing his live trades and education in front of people since September 3, 2008, and through November 12th, 2008, he is currently up 2164 pips. But that’s not the best part. The best part is that he only trades from 2:00 am to 3:45 am New York Time, and then from 06:00 am to 07:45 am New York Time. 70% of his trades happen between 2:00 am to 3:45 am NY Time, and the other 30% happen from 06:00 am to 07:45 am NY Time. So it’s only 1 hour and 45 minutes per session.
And like I said, this is not just another black box signals service. Every time the guy places a trade, it’s mostly based on market sentiment, and economic situation of the countries. So every time a trade is placed, an explanation is given. This way you only place trades if they make sense to you, and you learn to do what he does. He holds nothing back, so you can go ahead, and learn the ropes from him, and then do the same thing on your own.
He types in the online conference room every trade, and every explanation, and we keep records of that in the members area, so if you ever miss a trading session, you can go back, and check what happened.
As I like to say, money talks, bullshit walks. So I am not going to “pump you up” to try or to buy this service. All you have to do is see detailed performance of this guy, and “pump yourself up” if you wish. I am going to give you a link to the performance, and you will see that there is an offer to try this service for $29 for 10 days. Don’t click those trial buttons, because since you are a Forex Peace Army member, I wanted to let you try the service for 10 days for only $7, instead of $29. And if you like it, you can stay for $299/month after your trial. If you don’t like it, you can even ask for your $7 back. Obviously I am not interested in your $7, as much as I am interested that you see for yourself that everything I told you in this email is true, and you can become a member of this service for $299/month.
So here is the performance link:
http://clicks.aweber.com/y/ct/?l=4vVdO&m=1eWJRRpQH_6wi9&b=rKXZBZwTyu4LE7P5vK5h4g
As you read through the website, you will notice that we keep this trader’s identity secret. We just call him “Mr. X”. There are important reasons for this, but I don’t think it’s important for me to tell you those reasons.
Also, some of the people who have been trading with Mr. X over the last 2 months have submitted reviews. So if you wish to get their perspective on the situation, you can read them here: http://clicks.aweber.com/y/ct/?l=4vVdO&m=1eWJRRpQH_6wi9&b=tho.u7LEabBAhqXz940IlA
Okay, I think I have told you everything I wanted to say in this email. The only thing left is a $7 special trial link. DO NOT CLICK ON THIS LINK just yet. Let me first tell you the way it’s set up. I only want Forex Peace Army members to sign up for this discounted trial. So, this link will expire this Friday, November 14th at 11:00 pm NY Time. In addition to this, this link is programmed in such way that as soon as you click on it, you will have 30 MINUTES TO SIGN UP. After 30 minutes, the link will expire, and you won’t be able to access it through your computer again.
So make sure that if you want the $7 trial, you are ready to pay with your credit card within 30 minutes. Please also note that the way the trial is setup, is that after 10 days, if you don’t cancel it, you will start getting billed $299/month automatically. So if you don’t like the service within 10 days, make sure to contact us through the form on fxnewswiz.com, and request cancellation of your membership.
If you wish to receive your $7 back, you can also mention it in your request. Of course, if somehow you forget, and you are late a few days to cancel the trial, so you get billed $299, we will refund you that fee. My intention is not to get money from accidental forgetting here. My intention is to find people that can trade during these times, so that they become legitimate members who actually use the service.
Okay, that’s all I have to say about that…here is the $7 trial (it will expire in 30 minutes after you click on it, read above)”
Woow..woow…woow, it is so impressive. Did you se how it is writen in an impressive way? What A wonderfull Forex Community! Is there any doubt about it?
For Sure after reading that mail, all of us have to remember the old movies and notice the new scenes and affections that Felix has added in his long movie that will end with a big SCAM! 30 minutes and this post will make a BOMB. SO be carefull while reading to avoid BOMBING there.
In commenting on this scenario, you can categorize this story under a fairy tale or a science fiction story where there are a lot of non- logical events and it is very far from reality. After reading this mail well, how you can believe that Felix got the login and password of a live account of a friend of him. Even if he was his friend, how this friendship can reach the limit of denying personal rights to the extent that he gave him the login and password of his own live account, and for what? for Felix not believing him. A worse action for a worse cause! And imagine what? After Felix getting amazed of his friend statistics, he helped him to become instructor and famous too! And all what Felix wants is the benefit of all people that he makes them offer (you can think it is free) to try the service of his friend (which was Felix’s idea) for $7 and get them back if you didn’t like it! And besides, if you don’t request them in your mail (and he used the term “if you wish” which is so ironic, and we all know that the expression “wish” indicates the two possibilities) of ending your membership in the service, they will start bail you of $299 automatically!! So, people please, please don’t forget mentioning your $7 please, instead you will lose them forever and will be obliged to pay the double of 5 times double of them.
But what about you? will you accept the role of victim or will you leave this role in this new movie and lose the chance to become a movie star and may be taking the Oscar too for playing the role of the fool who is fooled by the biggest criminal mind in the web! I think when issues come to money, you have to think more than twice.
July 17th, 2006 at 1:49 pm Is Onada a ligit operation? I like the tech aspect. I like the charts. I like the trade platform, then
I kept getting blocked,computer froze, no response etc.
I finaly deleted the site. It worked really well when I first tried it. Where can I check to see if Onada is OK?
VB
July 17th, 2006 at 7:44 pm Victor,You’ll need to make sure that you allow popups in your browser to enable Oanda’s platform to work properly.
You may wish to read through these instructions.
Ryan
August 10th, 2006 at 8:30 pm Forex Bastards is a SCAM?
August 17th, 2006 at 12:41 pm Hi All,
I don’t know about forexbastards but maybe, he is the biggest forex scam himself. Giving best ratings to his own services and rate dow others, also, since his call with the OANDA president, during news times, EURO spread goes up 7-10 pips. WOw, nice guy FELIX but this affect all OANDA clients including myself. Thank you FELIX. ALSO, who are we to rate others services..An interesting website I found is this one http://www.felixbastard.com/, just read the facts on that website.A portion of that from felixbastards:
“Proof of the forexbastard.com scam
Proof 1—- When you Post Reviews besides 1,2,3,4,5 stars, there is no “Not rating” option… Now you see in the reviews sections many reviews are “Not Rated”. Where do they come from??? Yes, created by felixbastard.
Proof 2— Felix/Tom already accepted that he was involved in HYIPs, Autosurfs and many HYIP sites are listed in the managed accounts section. I think people will find it difficult to trust a person who is a scammer who ran numerous HYIP sites.
Proof 3 —- He edits posts of users to make them negative, against other sites. Check the posts and you will see the difference.
Proof 4 —- There is no Tom Yeoman or there is no Rob. These are all fantasies created by Felix Bastard to earn money by introducing fake names and personalities. He always says bastard to all brokers and signal providers except tom yeoman, because tom yeoman is Felix himself or may be his dad. Who knows? Who is tom yeoman? Has anybody ever seen him? No! We know all popular traders and we have seen many traders in trade expos but we never seen Tom/Rob.
Proof 5 — If you see his site, you notice some older posts are posted on top then new ones. And there is no continuity in the dates.
Proof 6 — forexbastards.com is banned on US NFA (National Futures Association USA)
Proof 7— He put the low class brokers on top of list who widen their spreads during the news, don’t offer hedging and don’t offer large leverage. Their support is not good either which is also a bad broker named Oanda.com on the top of broker’s list. The reason behind this is that Felix bastard is a friend of Oanda’s CEO Richard Olsen, and I can imagine that he must be giving some money to felix bastard to get on top of brokers list.
Proof 8 — Check his site and this picture that he posted 2 fake reviews for his site kingforexsignal. one is by Anonymous and other one is by John Benson but reviews are same. http://www.forexbastards.com/kingforexrobgrespinet.shtml yes felix we know you will now remove one.
but i took a snapshot where you will go.
We know that because when we point certain things out, bastard will change things.
If you check the IP and whois information of some of his websites, all are hosted at becotech.com as he made all the websites himself.
If you want to check the proof of Rob, check the Forex alert section on forexbastard. Nobody has posted any good reviews for Rob since April. He only received 2 positive reviews which were probably posted by Felix! Check it out.
”
My 2 real cents.
Wim
August 22nd, 2006 at 5:42 am […] I know profitable forex traders who use only a MACD (or the Macdizzle as Rob put it!), traders who trade announcements (such as Felix), traders who trade bank opens, carry traders, CCI trades (such as Woodie)… etc etc. […]
September 8th, 2006 at 7:40 am Anonymous.
Someone wrote this article and you’ll be the judge.
He wrote: what you are about to read is not a long dissertation on technical analysis or some system with the 20 indicators you need to load on your chart and analyze to trade the Forex
This is not meant to be an introduction to Forex and tell you what a pip is, what spread is or what is this whole Eurodollar thing. You can find all of that information elsewhere. Instead, this is meant to give you information that is simply going to save you a considerable amount of money, grief and time.
It all comes from the school of hard trading knocks. I am writing this anonymously. There are going to be things I’ll say below that the powers that be int he world of Forex trading simply do not like anyone to say.
Instead they like to tell you about how easy it is. How it’s all commission free, super trending and quite simply easy to trade. You’ll be grabbing pips whenever you need them! If only it was so easy.
No, instead we are going to acknowledge the good and the bad. And some of the ugly of Forex trading and you are going to learn somet hing shtat you will definitely not know if you are new or even moderately experienced at Forex trading, and for those of you who are very experienced you will either have experience much of this or always wondered about it. Let’s proceed. Promise, it will be brief and painless. This is about quick tips that will save you money, grief and time.
1. Commission Free Trading.
This was the initial sales pictch most brokers used and many still do. “You’ll trade for free–no commissions!” Well, any of us who trade actively know commissions add up to some ungodly amounts– Many times you lok at your annual statements if you trade actively and it’s not uncommon that your broker makes more, maybe much more, than you do in your trading profits. Forex trading is not commision free. Sure, there is usually not an “add-on” commision. However, they force you to pay a spread on every trade. You have to always buy at the ask and always sell at the bid. This is not the casein stocks, or futures or really any other market. This forced spread on every trade is a commission. That’s what it is. Despites what the broker might claim. And that forced spread is not cheap. 3 pips is $30 on a just one full sized pair. Try $50 on a 5 pip spread you still see a commonplace.
Now, compare that to your average futures or stock trade. Which one is more? Forex usually by far.
Now, let’s not leave it at that. Remember, you get some amazing leverage opportunities with Forex so the actual commision compared to the dollar volume you are able to trade is actually reasonable in some cases–assuming you trade at the right places and follow the right strategies. We’ll cover that below.
2. 100:1 Leverage…No, Wait! How about 200:1….or 400:1?
You’re going to be rich! with that kind of leverage you make just a few pips per days and you’ll spend as much time with yo banker as you do with you significant other right? You lok at the end of month totals from your strategy, run it through your state of the art leverage Calculator and instantly you are making 100%, 300% or 500% per month. Do that a few months, a big of compounding and you’ll be buying that private island after all.
This is another one of those broker come-ons. It just doesn’t work this way. Yes, you can get this leverage. The brokers are going to allow it so I’m not saying it isn’t as advertised. However, you are guaranteed to wipe-out using it. Guaranteed. There simply is no way you can trade at these leverage levels and make it. Not unless you are some trading genius who can take a trade and never lose. If you are–please contact me at one!
For the rest of us, you are going to lose. You are going to lose more than once. YOu are going to have some losing streaks. It’s the nature of trading. It’s not a big deal especially if you can win more than you lose, and if your average loss. You do that and who cares about some losses. Don’t get hung on it.
However, you will care very much if you over-leverage. Do not over-leverage! This is the single, greatest mistake most new Forex traders make. Your state of the art trading calculator spits out numbers that are too great to pass up and you let greed get in the way of logic.
Think about it this way. 200:1 leverage.
You have a trade you are targeting 25 pips and risking 25 pips. As you’ll learn below that trade acutually has to go 28 pips or more to hit your target of 25 pips and you’ll actually be risking 28 pips or more–but, for this example we won’t get hung up on that. We’ll solve that later.YOu have a $5,000 account and trade it with 200:1 leverage. That means you can trade 1,000,000 worth of currency (you can see why we said spreads above are a significant cost but with leverage can end up being a small percentage of cost)–and that means 10 full sized pairs.
Oh, and you lose on this trade. Let’s do the math. 10 pairs X 25 pips=250 pips loss. Make that with spread 10 pairs x 28 pips=280pips loss x$10/pip=$2800 loss.
Oops. You’ve just lost over 50% of your acount. Don’t even thinka bout what would have happened if you were risking more–and these days ont he Forex good luck risking much less.
If you lose twice in a row-which happens all the time you’ve just wiped out. Sure, if you win you make a great return but you are completely counting on virtually never losing. Even if you get a few wins immediately, you’ll eventually wipe out.
It’s what happens to the new gambler in Las Vegas. They try a few hands, they win, they get sucked in and then before they know it they are at their ATM maching looking for their mortgage money to try and get back that winning feeling.
You’l have success trading wth huge leverage. Some of the time. It will be great and you’ll brage to you friends how you made 50% that afternoon. Then, a few days later you’ll be asking them to pick-up the lunch tab.
Do not use crazy leverage. Do not use…ok, you get the idea.
Decide on a fixed percentage you are going to riks on your account on any one trade. 5%?10%? And, calculate that amount to determine what size you can trade based upon the risk per trade. It will still be great leverage–Forex provides that. What’s wrong with 5:1 leverage or 10:1 leverage? It blows away the stock market but it’s not going to wipe you out ina c ouple of trades.
3. Spreads
FInd a broker that does not charge high spreads. Sure, you need a broker who provides stable platform, which provides good customer service, which is regulated (important!), that has account insurance guaranteeds, etc…BUt, realize these brokers make money many different ways. They make spread money, they make money by laying off orders on other banks, they make money on stop running. Did i say that? Guess it’s too late to take it back.
There is simply no reason to pay more than 3 pips on the EurUSD. And really, you should be paying 2 pips. ON the GBPUSD and USDCHF why are you paying 5 pips? SOrry, it’s not going to charitable cause–your broker’s bank account isn’t a non-profit. Those spreads are crazy. You should pay 3, maybe 4 at most ont he other majors.
And typically, forget all all the “exotics”–avoid trading anything that is not amongst the main pairs—EURUSD, USDCHF, GBPUSD, USDCAD, AUDUSD, USDJPY, EURJPY and maybe EURGBP. And stay away unless spread is 2 or 3 pips, maybe 4. That’s already more than enough to trade so why do you need to trade the GBPCHF for 15 pips spread. Unless you really like to amke a car payments and pay for round of gold for your broker.
4. Banker’s Hours…I Mean Broker’s Hours
Most of us think that all brokers are up the entire time these markets are trading. Not exactly. Brokers can set their own hours–there are not rules and regulations ont hat. YOu had better check on this. YOu’d be suprised how many close and hour or two early on Friday. How many open later on Sunday then the market trades. HOw many close for holidays even though there is trading. And when theya re closed–you are stuck in yoru trade. YOu’ll be in for a rude surprise when you go to exit a trade ahead of the weekend only to find out they are already closed. I know, sound really basic, check the hours of business but you’ll be surprised how many have no clue about this until it burns them bad. Know this upfront–including when you can call the broker( theya re not always staffed at the trading desk) as well ahave access to their system AND order executions.
5. Wild West Trading Prices
The Forex does not have centralized pricing. Think of it this way, all those banks out there that rade, all the brokers all the individuals that rade–none of it is centralized into on executable source. Each broker has their own data feed and they decide what the highs and lows are, what the highs and lows are on a swing, and can limit movement on a pair. It is articially controlled. Sorry, it’s not the free market yout hink it is. And, it’s nothing like the stock or futures markets where you are trading ina centralized market where all the bids, ask and trading volumen is executable no matter what broker you choose.
This is a big difference in Forex. One day it likely will be centralized–and that will be a great thing. In the meantime, you are goin to be trading a market where one person might have a stop filed, another one trading eslewhere will not. Same with limits. This means you literally can have two people trading the same exact strategy and they will end up with completely different results at times.
It’s frustrating but true– and you need to understand this. Just because broker NoCommisions.com executes a fill doesn’t meant hat WeNeverRunStops.com is going to execute as well. If you are ver bring up charts from differnt brokers you’ll see they can be different–it’s never drastick, usually a few pips on various swings but in fast markets you’d be amazed how much they can vary. It is not uncommon for me to be trading and see brokers different by 5 or 10 pips at times–it’s not typical but it happens and that can make a major differnce in your results.
Solution? there isn’t solution other than to realize this is the case. If you are following a strategy/service and they have hit target and you have not–you better chalk it up to slippage and get out because they hit and you didn’t. Hapens all the time and it’s best to simply try and stay in synch with your strategy and assume you’ll make up those pips on another trade.
IF you need the full article, you can email at xmsoul44@yahoo.com
September 9th, 2006 at 5:37 pm Felix was right. Refco is a scam. They stole their clients money and are gling to end up in bankruptcy. Felix is not a scam, I have made money trading the news based on his signals.
September 15th, 2006 at 7:12 am The person, ” felix”, is a Scam.
September 16th, 2006 at 7:51 pm This website is a total scam. He’s created his own BS websites to suck in clients by bashing every ligitimate service on the internet. I’ve been with one of the services that he list as a scam for over 6 months…and for the first time, I’ve actually been making money. I tried to post a review on his site praising the company, and the post never got put on the site.
I talked to the company about it, and they sent me documentation of their returns…as well as the documentation to “Felix”…who’s real name is Dmitri Chavkerov’s horrible trade record from his actual account with forex.com. You can look at the posts on his site where he has the company peakforex.com listed as a scam…they sent me verifiable account statements to disprove everything this guy had written. I also came across another site www.peterbainscam.com that talks about this joker.
I hope none of you have been taken in by this crook…
September 28th, 2006 at 11:22 am To the last poster:He’s not a complete scam, as his system (which is really a great guy called Tom Yeomans’ system) is VERY good. Actually, I’ll rephrase that, it WAS very good. The thing that is really bad about him is that he is a fabulous marketer and he has taken a profitable system and let the masses in on it. This has a twofold effect: 1. It has screwed up the system for those that were quietly using it for consistent profits BEFORE he came along and 2. By letting everyone and his cat in on it, he’s screwed it up for all the NEW people too, as they all simply cannot be profitable. The only winner is Dmitri himself and he doesn’t give a rat’s ass about anyone but himself. Tom has parted ways with him, so he’s trying to suck the life out of other profitable traders by marketing them! That’s Rob Grespinet and Jimmy Young for those that don’t know.
So to any other profitable gurus out there, DO NOT get entangled with this forex bastard, as he is only out for himself. Dmitri gains at every turn and all his paying subscribers LOSE!!! Take heed.
November 27th, 2006 at 11:42 am Come on people… Of course Dimitri is out for himself. So are you and everyone else. I subscribe to all of his services and have made a little money doing it. Don’t use his services to make yourself rich, but to learn his strategies. Take what you learn and part ways. It will only make you a better trader to educate yourself.
March 31st, 2007 at 5:04 am Felix is dangerous. SCAM!!!!!!!!!!
December 4th, 2007 at 6:13 am Dmitri is a dead set scammer. He survives off commissions, splits, joint ventures and profit sharing with the brokers, system vendors, charting companies and signal service providors that he’s partnered with. If you take his recommenedation on a service he gets a cut of the turnover or % of the sale price.Felix is an arsehole.
December 22nd, 2007 at 7:39 am I NEED ASIGNAL AND TIME TO PLACE MYORDER
January 22nd, 2008 at 6:35 pm I developed a decent little system that really works, but I can’t compete when people who don’t have clue what they are talking about can post anything they want to. I know this business! Felix is a brilliant marketer who dogs people’s programs to make people believe he’s a fx god. He’s been stepping on people for too long. It’s time for him to step down.
February 26th, 2008 at 6:04 am is mtlforex.com a scam
March 19th, 2008 at 7:12 am tosinoo, if we are a scam then why are you constantly flooding our application for free trial? Tosinoo is from Nigeria, and paypal didn’t allow him to join the service, and so he started bombarding our 3 day free trial offer so that we continue to serve him, free of charge. Now he has turned around and decided to go as far as calling the service a scam, when he has never actually joined the service as a paid member. Infact, during his first 3 day trial he made over 200 pips. I guess it’s frustrating to have such great signal, and not be able to afford a live account or the signal charge to act on it. Well, to finalize, we won’t reply to every hater out there, so feel free to bombard this board as well tosino, just make sure to use creative names.. unlike our service, this board doesn’t go thru mobile phone verification, so you can post as many messages as you like. Have a blast