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Hi Everybody,
Does anybody know about a company called Wealth FX, based in Queensland, promoting a software and training system to trade in currencies and of course make large sums of money? The program costs $14,000 and they say that you can trade $300-$1000 daily and make around $1,000 per week. Please tell me you are all rolling around the floor laughing your a's off. Surely this is a scam?
Does anybody know about a company called Wealth FX, based in Queensland, promoting a software and training system to trade in currencies and of course make large sums of money? The program costs $14,000 and they say that you can trade $300-$1000 daily and make around $1,000 per week. Please tell me you are all rolling around the floor laughing your a's off. Surely this is a scam?
Timmy
white swans need love too
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Timmy
white swans need love too
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Timmy
white swans need love too
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Re: forex
Hey yeti, someone asked about them a few weeks ago and no response. They certainly seem to have a very big marketing machine (see the link in my post above).
Hey yeti, someone asked about them a few weeks ago and no response. They certainly seem to have a very big marketing machine (see the link in my post above).
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I too would be interested in some more info on them!
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Timmy, I hope your checking the email addresses of these people. Something is telling me we are under a guerrilla marketing attack
:bowser: :bigun2:
:bowser: :bigun2:
Timmy
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Hey Timmy the link you posted is of Pacific FX not Wealth FX
You haven't read it have you?
"Pacific FX Traders provides marketing services for WealthFX"
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I too would be interested in some more info on them!
If you Luvs Trading so much, why dont you do it yourself? why do you need one of these companies to do everything for you?
Timmy
white swans need love too
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Good thinking Naked ... and ... looks like you are right!
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Do not fall for scams. (educate yourself on how to spot them)
http://www.babypips.com/school/forex_scams.html
http://www.babypips.com/school/forex_scams.html
Garpal Gumnut
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Hey , agree ,
Fcuk off LuvsTrading, ShaneV, marriedmoneyman and yetti.
ASIC awaits.
gg
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Morning All, I too would be very interested to hear from anyone who has had dealings with Wealth FX, and/or purchased their program.
I am looking to start trading, and while it seems like a good idea to get training and mentoring from someone with experience (for $10k!), I am cautious about handing over that sort of cash to anyone with a 'system' 
(and frankly testimonials are not worth 
).
Does anyone have sage advice about the best way to prepare, and does anyone have knowledge of a credible training package and/or organisation.
Many thanks in advance, cheers and beers,
Muzz :cowboy:
PS. alwaysLearning - I enjoyed your advice about Becoming competant at forex trading so much I have a hard copy on my desk with my other educational tools!
I am looking to start trading
, and while it seems like a good idea to get training and mentoring from someone with experience (for $10k!), I am cautious about handing over that sort of cash to anyone with a 'system' (and frankly testimonials are not worth ).Does anyone have sage advice about the best way to prepare, and does anyone have knowledge of a credible training package and/or organisation.
Many thanks in advance, cheers and beers,
Muzz :cowboy:
PS. alwaysLearning - I enjoyed your advice about Becoming competant at forex trading so much I have a hard copy on my desk with my other educational tools!
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I agree. 10k is way too much. Probably half the things in the course like technical/fundamental analysis, you can find it free from babypips.com
Be careful. The only one you can trust in forex trading and learning is yourself.
. Probably half the things in the course like technical/fundamental analysis, you can find it free from babypips.comBe careful. The only one you can trust in forex trading and learning is yourself.
Anybody who spends $10 - 14k on a training system or black box system needs to have their head read. The vendors are the only ones making the money here.
If I was you and if I wanted to learn about FX, or futures then this is what I would do.
1. Tell the scam artist to get stuffed.
2. Get a free demo version of trading software that allows you yo sim trade the market you are looking it. For example, loot at Ninja Trader as this is great software that allows you to trade FX and futures.
3. Set up a sim trading account and take "practice trades" every day for the next 6 months (minimum). Treat this sim account like a real account and learn discipline and setups.
4. Watch and join trading forums that host your software and that trade your instrumemt. DO NOT pay to join any sites. Steer away from paying sites, paying services etc for the first 6 months.
5. Watch as many free webinars from vendors, scam artists and so called expert traders as you can. These will tell you what is available out there and give you more ideas on better indicators, methods etc. DO NOT buy any courses or indicators from any of these people. Just watch and learn.
6. Invest in a few good trading books. There are lots of excellent books around and these are really inexpensive i the scheme of things. This is where you will learn the most.
After 6 months of sim trading, you will have learnt how the market / instrument works and all the ins and outs. At this point, once you have achieved a level of success, you can now open a small trading account and start trading for real.
By doing this, you will save yourself the $10 - 14k investment, which is a total rip off, as you can learn the same stuff over the internet for free. DO not ever buy a black box as you will not learn how to trade or how to think like a trader. You will just be a daily church attendee - praying every day that the system works. This is gambling!
If you can not trade in sim for 6 months, then trading os not for you. You have learnt a valuable lesson and saved lots of $'s. If after 6 months sim, you think that trading is for you - then you have learnt patience and discipline and trading might be for you. Give it a go and see what happens.
What ever you do, do not pay big money to a scam artist hoping that they will save you and make you millions of dollars - This happens in the movies and fairyland - not in the real world.
Happy trading
If I was you and if I wanted to learn about FX, or futures then this is what I would do.
1. Tell the scam artist to get stuffed.
2. Get a free demo version of trading software that allows you yo sim trade the market you are looking it. For example, loot at Ninja Trader as this is great software that allows you to trade FX and futures.
3. Set up a sim trading account and take "practice trades" every day for the next 6 months (minimum). Treat this sim account like a real account and learn discipline and setups.
4. Watch and join trading forums that host your software and that trade your instrumemt. DO NOT pay to join any sites. Steer away from paying sites, paying services etc for the first 6 months.
5. Watch as many free webinars from vendors, scam artists and so called expert traders as you can. These will tell you what is available out there and give you more ideas on better indicators, methods etc. DO NOT buy any courses or indicators from any of these people. Just watch and learn.
6. Invest in a few good trading books. There are lots of excellent books around and these are really inexpensive i the scheme of things. This is where you will learn the most.
After 6 months of sim trading, you will have learnt how the market / instrument works and all the ins and outs. At this point, once you have achieved a level of success, you can now open a small trading account and start trading for real.
By doing this, you will save yourself the $10 - 14k investment, which is a total rip off, as you can learn the same stuff over the internet for free. DO not ever buy a black box as you will not learn how to trade or how to think like a trader. You will just be a daily church attendee - praying every day that the system works. This is gambling!
If you can not trade in sim for 6 months, then trading os not for you. You have learnt a valuable lesson and saved lots of $'s. If after 6 months sim, you think that trading is for you - then you have learnt patience and discipline and trading might be for you. Give it a go and see what happens.
What ever you do, do not pay big money to a scam artist hoping that they will save you and make you millions of dollars - This happens in the movies and fairyland - not in the real world.
Happy trading
doctorj
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This might be of interest to some - http://forums.whirlpool.net.au/forum-replies-archive.cfm/1175006.html
The authorised rep of Wealth FX also worked with (and perhaps owned equity in) Trade Wealth Development (http://twdfx.com/The%2021st%20Century%20Business.html).
You can review the ASIC finding against Trade Wealth Development here - http://www.asic.gov.au/asic/asic.ns...ns+orders+winding+up+Share+Trend?openDocument
Companies related to Wealth FX (via the AFSL) include:
Wealth FX
Consensus Financial
Planet Wealth
Traders International
Nik Hallik
Many of which will be familiar to those here.
His company, Data 8 Australia P/L, also markets Global Trader which is also familiar to many.
The authorised rep of Wealth FX also worked with (and perhaps owned equity in) Trade Wealth Development (http://twdfx.com/The%2021st%20Century%20Business.html).
You can review the ASIC finding against Trade Wealth Development here - http://www.asic.gov.au/asic/asic.ns...ns+orders+winding+up+Share+Trend?openDocument
Companies related to Wealth FX (via the AFSL) include:
Wealth FX
Consensus Financial
Planet Wealth
Traders International
Nik Hallik
Many of which will be familiar to those here.
His company, Data 8 Australia P/L, also markets Global Trader which is also familiar to many.
