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Fokas Beyond?

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Fokas and other's spam ads just keep coming up on my antisocial media accounts.

(Sigh) After everything myself and others have tried to do, people still get sucked into these amateurs programs.

It might help to recognise the big fat elephant in the room: These "educators" spawn and multiply like wet Mogwai.

Why?

It's easier to make money teaching hopefuls one or two dumb strategies with fallacious maths and rubbery figures, than to actually trade them at a profit.

I suggest stumping up and reading the 2000+ pages of option time suggested at various times on this forum.

It'll cost way under $500 and you'll get 20x the education.

FWIW.
 
Dona Ferentes said:
the Joined date and Posts number tell the tale. One contribution then bye bye. Makes it easy to not even bother reading the diatribe.
Click to expand...

Yes, it is amusing how many times somebody comes aboard asking or complaining about a particular system costing thousands and behold, out of the woodwork come new members with one post supporting the particular system/promotor and then never to be seen again.
 
It's still worth pointing these things out. Noobs live in a world of unreasonable hope. So if we can introduce a little bit of reality, then we have done our job.

And just to be really clear, there is nothing intrinsically wrong with this/these strategies, just as there is nothing wrong with any option strategy...

But there are appropriate times for these things and inappropriate times. As with any strategy, whether an option strategy or not, indiscriminate application will result in disaster.... Sooner if not later.
 
Hey Caped Crusader - are you still using the Fokas solution and is it profitable? Cheers
 
BenGenic said:
Hey Caped Crusader - are you still using the Fokas solution and is it profitable? Cheers
Click to expand...
Hi BenGenic
I have joint Fokas Beyond since May 2019, due to personal reasons, I have only started virtual trading Feb 2020, after a long 10 months trail on virtual account (my choice ), I went on live since Jan 2021. During the 10 months virtual, I have been only occationally talk to coaches , trade virtual and live stocks, because life do gets in the way.
However, since I started Live trading, I am sitting on 14% return from Jan 2021 to date 22nd Apr 2021.
Point is, without all the coaches teaching and guidance, there is no way a beginner like me would be able to grow my account balance in this speed, because what you don't know what you don't know. I personally find Fokas Beyond strategy is great to people who is more comfortable with hand held course not just a bunch of videos for your watch.
2%-4% a month return is way conservatives for the strategy, I have met members making 11% returns in one month, it's all comes down to the amount of efforts and time one prepare to invest, believe this strategy will take you to your financial goals in due time.
Yes, I do have stocks went down and I have to holding it for months while I'm writing calls on it, it's part of the cost and the risk comes with any financial product even comes with real estate investment.
For those who complaining when a stock stuck under break even, I would say, grow the right mind set and temperament would help, that's essential to go further on the journey of investment. If any one wish to be successful financially, please look at what the wealthy investors do. Do the panicking when A stocking going down? or do they actually find a way to buy more discounted stocks?
That makes the difference between the armature investors and the pro.
Since I took time write this reply, I would like to share a bit of my personal experience, also to help outsider understand there are ways and opportunities for ordinary people grow wealth, give Fokas a go, they won't let you down, at the same time, please put in effort and invest time in it , prepare to learn, really learn what's all this about, not just complaining and winging like a lot people in the forum with out getting to know the program, that's misleading.
 
Caped Crusader said:
Nope - suing, check ASIC for Holly Grofski - business partner - answers all questions
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Hey @Caped Crusader -

I found this thread via Google. Are you able to shed more light on this?

I checked the ASIC rulings and news articles around Holly Grofski and Global Merces but can't find any links back to George Fokas and Fokas Beyond.

Also, if you don't mind, what didn't work with the Fokas Beyond course? Was it bad recommendations or something else?
 
Thanks for this link. I'm absolutely loving these videos. They're easy to understand & follow. I find them & the BCI website very supportive.
The only thing I need guidance with is which broker to use that best suits Australian investors wanting to trade in the US market (low fees ect) and the big question..what do I need to know about tax (here & US) & navigating that mine field??? Any tips from someone who has tread this path before me, would be muchly appreciated.
Karon
 
Yep.

If you do this long after you'll come to the realisation that the covered call strategy does not necessarily increase returns at all but may reduce volatility of returns.

It still relies on you being able to get direction consistently... It is a positive Delta strategy afterall. The pos theta aspect only really partially hedges some downside at the expense of upside.
 
If you have seen the George Fokas videos and have gone to seminars, this is exactly how George Fokas speaks.
 
I didn't think George Fokas had a business partner after leaving Nik Halik (Sharelord). I'm not sure this has anything to do with George Fokas and Fokas Beyond... I not defending George or anything.... Just saying... ;-)
From what I recall, George went on alone, and brought in members to run his business and coach, and ONLY people he trusted.
 
Hi @Caped Crusader, @smevvie, @LyttonM, @Elena L
Are you guys still making profit after so many years using George Fokas covered calls strategy? All of you joined and made comment on this post straightaway and made no other comments in the entire Aussie Stock Forums in the last few years.

I am also keen to read other people's experience who have done George Fokas course and have already joined Aussie Stock Forums for at least 12 months before they make any comment on this thread.
 
Hi Elena,
Are you still with George Fokas? Is it still going well?
Regards
Sean
 
Hi NatWhote,
In more that 12 years since I did the Nik Halik Sharelord Trading Education taught by George Fokas, later to become Fokas Beyond, I have only ever come across one other "Fokian" and he had done the "training" 2 years before me, and he is still fixing cars, and was paying back his wife the loan for the "training". Me.... the "training" cost me hours of lost time, grey hair and AU$75k ($5k in "training" and $70k in 1 bad trade). The support I was given was "stay in the trade" and GF hung up. I believe the difference between Halik and Fokas is that Halik showed you how to find the trades, gave you recommendations and you used your own broker of your choice. I believe Fokas does not show you how to find the trades in this version of the "training", sells you annual subscription for recommendations and you have to use the Fokas trading platform otherwise he can not offer support. He is not teaching you to fish... He is selling pans, shovels and "trading the gold".
So he makes $s for "training", $s for "subscription service", $s from trading platform in trading fees, and if I read it right... If everyone uses Fokas platform, he can see all the trades, and work out the most profitable trades for himself via the trading platform. He has the best of his "staff" making the recommendations, he can buy the trades a day or 2 before issuing the recommendations to "students" and sell the trades on to student after the recommendations are issues. That's why students only ever make 1-5% per trade (which is not bad for a student), where the trades should be making 3-8%. So he makes 2-7% arbitrage or more per trade with almost no risk, because he has ready buyers in his "students", or which others call the "Magic Moo Cow" strategy.... Because I just worked out why it was called the "Magic Moo Cow" strategy (rolling-in-his-grave). Students, Cows....
The old Sharelord Trading Education lost a trainer and originator lost focus on the product, the Sharelord Trading Education became something like Sharelord Network, sold of to interested members, and last I heard was it finally died about 4 years ago.
So like alot things in the money making world... it's a gold rush.
(Let me know if any of this is incorrect)
 
Last edited:
sandeepjain said:
Thanks ,Could you please suggest me to join this online training please. Thanks Sandy
Click to expand...
Look into "The Blue Collar Investor" Allen Ellman. The education is very thorough and well set out.
I found his education & services to be very resonable in price and far superior to what other "educators" produce.

The Blue Collar Investor |

www.thebluecollarinvestor.com

I am not affiliated in anyway with any wealth educator.
 
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