TRENDtrader Review – Legit or Scam

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Fast Money Traders Review – Scam or Legit Live Trading Room?

Fast Money Traders Review – Scam or Legit Live Trading Room?

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Last Updated: Sep 4, 2020 @ 1:37 pm

Fastmoneytraders.com is a day and swing trading school which is owned and operated by someone called Luke Murray. Mr. Murray claims on his website that he used to work in the US marine and is now bringing those skills to the Forex trading market. This is a ridiculous sales pitch. We don’t think that traders who stumble upon Fast Money Traders website would be interested in hearing these stories. Instead, they would be interested in seeing proof of what Luke Murray has done for his supposed students whom he mentors.

The reason we are reviewing Fast Money Traders website is because the owner is making certain absurd claims which traders must be very careful not to fall for. For example, there are several instances on the site where Murray says his aim is to help traders make $500 a day every day. On the other hand, he claims to be a swing trader. The act of swing trading involves placing trades which can run for many days before take profit levels can be reached. So to say that you are aiming at $500 a day is definitely a misleading statement.

The operator of Fast Money Traders also claims that his training is affordable because he is not involving affiliates in the business process. That means the cost incurred in paying those affiliates is not passed to you and is instead turned into savings for the consumer.

While that may be true, this does not necessarily make this day trading school a better place for students. As a student trader, you want the assurance that this Luke Murray guy is giving you the real thing and is not just another trading guru with fake track record. Unfortunately, we are afraid that this is the case. But before we can launch these accusations (of course with proof) on him, we will require you to continue reading this review to the end.

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Fast Money Traders Review

Mr. Murray is basically offering intraday trading ideas and strategies. He is offering two products in total – lifestyle trading and swing trading. Lifestyle trading is for making quick profits. Swing trading, on the other hand, is for holding positions overnight until they make a profit.

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However, he seems to be confusing these two trading methods because he claims in the first case that take profits will be closed in 90 minutes, which is far misleading than you can imagine. You see, nobody can tell what duration a trade can take in order to hit the take profit. It can take a few hours or even days. But there is no telling when the take profit will be hit. So this is quite a misleading statement aimed at selling this service to naive traders who are just getting into trading for the first time. This kind of mindset will always lead to losing money.

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The things he offers at Fast Money Traders include giving access to a live trading room so that he can mentor traders, providing swing trading watch list by email, and a question and answer session. He also claims to be a normal guy who does not use luxury to promote his service. Well, as you can see, this is quite a simple website. However, the promises can be far misleading. You cannot also tell whether you will make $500, less or more. There is no telling anything in trading. Trading is a game of looking at how you can increase your odds of taking profits while others lose money. Someone with a fat account, say $30,000 will not feel any better making $500 a day. But of course someone with a $1000 account will feel a lot better realizing those returns.

So the issue here is that returns should be expressed in terms of trading account balance and not as a specific figure. Either Mr. Murray intentionally wanted to mislead beginners or is not aware of what he is saying. There is certainly a big problem in how he is making his presentation on this site.

The products offered on this website

They’ve been broken down into two categories to allow traders go for what they can afford to pay for. Fast Money Traders is charging $109 in monthly subscription fees and $274 quarterly subscription. Either plans will give access to live videos, chart room, trade commentary, screen share and access to a community of like minded individuals.

There is no difference in the two plans other than the duration that of subscription. Although we have not gained access to this trading room to see how things work, we generally feel that there is no need to because the content of this site is enough to give us some insights on how this trading educator operates.

Trading performance

We are more concerned with trading performance than with any other thing. So in this case, we wanted to see if Fast Money Traders had any track record or was teaching something that they were not putting into practical. By they way, trading educators are divided into two categories. Those who practice what they preach and those who teach but have no track record in trading.

As you can see on the website, Mr. Murray does not have any verifiable track record of successful trading. That is why he is only making use of figures on his website which cannot be verified. We needed some honesty because these figures can be so misleading. They can be manipulated by Murray himself to sync well with the message he is preaching. In short, you cannot trust trading results when presented in form of numbers that cannot be authenticated.

Our best advice for you

You should think twice before joining any trading school that has no real track record. We have always been telling our readers to beware of supposed trading gurus who know how to market but do nothing to prove that they are good at the game of trading. So we want to ask you to visit this page to pick the best trading resources.

BizzTrade Review: Forex Education Scam or Legit?

BizzTrade Review: Forex Education Scam or Legit?

7 Comments

Last Updated: Oct 18, 2020 @ 3:19 pm

BizzTrade tells Forex enthusiasts on their website that they are the most simple, intelligent and empowering Forex education platform. Is this statement true or just a bid to market to naive traders? We are going to answer this question shortly. At the moment, we need to know the following:

BizzTrade launched this year. It is most likely operated by the same people who managed BizzTrek. The operators and co-founders were Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal. The company was based out of the UK and its business model combined pyramid recruitment with an irrelevant ecommerce platform.

By late May, BizzTrek was kaput. And that was that for a few months. Now BizzTrek is back with a new name and business model; BizzTrade. Read on for a full review of BizzTrade’s MLM opportunity. If you want to invest in real Forex trading, make use of these trading tools.

BizzTrade review

Now, for BizzTrade to look legit, they are making the following statement:

“While there are countless opportunities in the market today, people struggle to find one platform that nearly as transparent, simple and sustainable. Our Educational Tools are aimed at delivering specific information and training to help you improve your financial position. The fluidity of knowledge transfer and its affordability is at the heart of our program. This platform provides you boundless prospect of interpersonal development along with the opportunity to work with experienced as well as ambitious entrepreneurs, from across the globe. BizzTrade has an immensely experienced and forward thinking leadership that understands the gap in market faced by buddying entrepreneurs. We build systems that are profitable to the consumers today yet relevant and rewarding in the future.”

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BizzTrade has no real products and instead, they are providing dubious reasons to make people think that they are investing in real Forex trading. BizzTrade has no retailable products or services, with affiliates only able to market BizzTrade affiliate membership itself. The website affiliate membership provides access to “Forex education”.The company’s compensation plans are as follows:

Affiliates invest €50 to €10,000 EUR on the promise of advertised returns.

  • Starter – invest €50 EUR and receive up to 0.4% a day
  • Pro Starter – invest €100 EUR and receive up to 0.4% a day
  • Business – invest €500 EUR and receive up to 0.6% a day
  • Pro Business – invest €1000 EUR and receive up to 0.6% a day
  • Trader – invest €5000 EUR and receive up to 0.8% a day
  • Pro Trader – invest €10,000 EUR and receive up to 0.8% a day

Returns are paid up till 400%, after which reinvestment is required to continue to earn.

BizzTrade affiliates receive 10% of funds invested by personally recruited affiliates. The website pays residual commissions via a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides.

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

BizzTrade tallies up new investment volume on both sides of the binary team.

Affiliates are paid 8% to 10% of funds invested on their weaker binary team side.

  • Starter and Pro Starter tier affiliates earn an 8% residual commission rate
  • Business and Pro Business tier affiliates earn a 9% residual commission rate
  • Trader and Pro Trader tier affiliates earn a 10% residual commission rate

Once funds are paid out on they are matched on the stronger binary team side and flushed. Any leftover volume on the stronger binary team side is carried over. Note that BizzTrade don’t specify whether residual commissions are paid daily or weekly.

How to join the fake Forex Trading school

Membership is €10 EUR plus a €50 to €10,000 EUR investment. The more a BizzTrade affiliate invests the higher their income potential.

The truth about this website

The people who run BizzTrade used to manage BizzTrek and claiming that they were offering up a 400% ROI passive investment opportunity. The company represents returns are generated via forex trading. The above FCA registration number corresponds with Infinox Capital Limited. Which is great for them, but has nothing to do with BizzTrade’s passive investment opportunity. With respect to MLM regulation, passive investment opportunities constitute securities offerings. This requires any MLM company offering a passive investment opportunity to register with financial regulators.

Neither BizzTrek or BizzTrade are registered to offer securities in the UK or anywhere else in the world.

This means that irrespective of anything else, BizzTrade is operating illegally. One important aspect of regulatory registration is the requirement that an MLM company provide evidence it is doing what it says it’s doing. In this case; paying affiliate returns with actual trading revenue. Oh and some virtual shares nonsense offering:

The only reason an MLM company would forgo regulatory filings and instead opt to operate illegally, is if they aren’t doing what they represent they’re doing. As it stands the only verifiable source of revenue entering BizzTrade is new investment. The company already uses these funds to pay pyramid scheme commissions (BizzTrade has no retail component), so it’s not much of a stretch for returns to also be paid out of invested funds.

Our best advice for you

The recycling of newly invested funds to pay existing affiliates a 400% ROI would make BizzTrade a Ponzi scheme. As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment. This will starve BizzTrade of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money. If you want a real world evidence of recruitment-based losses, look no further than BizzTrek’s failed MLM opportunity. If you want to make money trading Forex, find good trading resources that can help you automate your trading. You can pick our recommendations here.

V3 Trader Review – Scam or Legit? [Honest Truth]

Welcome to my review of the V3 Trader!

I’ve you’ve been looking for more info on Tom Gentile’s V3 Trader you’re in the right place.

I’ve been taking a closer look so I can provide you with all the info you need before you join.

Keep reading below to get all the details in my honest review of the V3 Trader!

Before I start…

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Here is what I’ll cover inside this review:

Table of Contents

What Is The V3 Trader?

V3 Trader is a trading service by Tom Gentile. It is based on the Triple-V Trade Protocol.

I’ve come across Tom before whilst sharing my review of the Fast Fortune Club a newsletter created by Tom Gentile.

According to Tom, the stock market has seen its liquidity and volume of trade increase exponentially over time since it was established more than 200 years ago.

Notably, the amount of money changing hands has increased relative to the number of stocks. This means that collectively, the individual stocks are becoming even more valuable. Consequently, the amount of money changing hands has exploded over the past two decades.

By his observations, this trend shows no sign of abating and he thinks that smart traders can figuratively dip their hands into the frenzy and collect thousands of dollars every month if they can spot the underlying money-making patterns.

And that’s where V3 Trader and his proprietary trading protocol coming in. You see, no person or group of people can keep up and make sense of the frenzied nature of the markets, unaided; you need software to analyze the data.

Tom’s response to this challenge was to develop his protocol with fast and efficient underlying algorithms coupled with a user-friendly interface.

The software does the heavy lifting – combing through thousands of stocks to find the 100 that stand to make good money without exposing you to unreasonable risk – and the interface avails the winning trades in a visually appealing format.

Now, here are some interesting facts about the Triple-V protocol:

  • Triple-V or V3 is an acronym for three V’s: 1) Volume represents the large sum of money exchanging hands in the markets, 2) Vector stands for stock that has momentum and is moving in the right direction, and 3) Velocity indicates speed; that Tom only considers the opportunities that payoff fast, typically within 5 days.
  • The protocol works with 94% accuracy.

Since the protocol is not open source, the only way you can lay your hands on its recommendations is by subscribing to V3 Trader.

Who Is Behind The V3 Trader?

Tom’s has a penchant for studying patterns and gleaning investment opportunities from them. This has earned him the name “America’s #1 pattern trader.”

This is not the first time Tom is creating trading platforms to analyze the markets. In 2009, he developed another system called Platinum 1. He later sold it to a Wall Street firm and it went on to make a lot of money for them. He also has another one called Alpha-9 that he’s used to make over $200,000 in three months.

As you can imagine, his experiences in creating those two successful programs came in handy as he developed the Triple-V trading protocol.

How Does V3 Trader Work?

When Triple-V’s algorithm identifies a good opportunity, it analyzes the reward to risk ratio and generates an entry price and the target price.

Tom then picks up the recommendation and uses his experience to analyze it before he approves it for submission to his subscribers.

With his system, Tom churns out approximately $30,000 in stock recommendations per month. In other words, out of the 100 stocks he focusses on, he expects to share 400 trading opportunities every year.

When you subscribe to the service, here is what to expect from Tom:

  • Email alerts: When Tom confirms a trade, he sends it to his subscribers via mail. He also shares his analysis and provides specific instructions on how to execute it.
  • Daily Trading-Action Video : Tom sends a video to his subscribers every day to show them what he and his team are up to.
  • V3 Trader Monthly DoubleDown : Each month, Tom shares a unique trade that he thinks is likely to double, triple, or quadruple in value in a short period. It is separate from his usual recommendations.
  • The V3 Fast-Start Video Series : A series of videos in which Tom explains the basics behind volume trading.
  • The V3 Octagon : The V3 team shows subscribers how to trade live. This is targeted at people who are new to trading.
  • V3 Debriefings : Tom uses the debriefings to explain the rationale behind the trades he has recommended.
  • The V3Forum : An online platform for subscribers and V3 Traders (subscribers) to interact with each other and share their trading strategies.
  • V3 Summit : An arrangement where subscribers get to meet in person to bond and share their trading experiences.
  • V3 Hotline : A direct customer support line.

You can cancel your subscriptions and request for a full refund if:

  • You are not happy with the service within the first 90 days of being a member.
  • Within one year, you do not receive at least 200 trade recommendations and 12 monthly Double-Down trades.

Is V3 Trader A Scam?

V3 Trader is not a Scam. There’s truth to Tom’s observations; the market is swelling and that’s opening the door to investors who can find profitable opportunities.

In addition to that, technical analysis, his strategy of choice, is regularly used by pattern traders to make money off of chaotic markets.

How Tom upsells the premium service can tip some people off; it is a bit over the top. Nevertheless, if you take his recommendations and pick the ones you are comfortable with, you can still make money.

Pros of V3 Trader

  • Tom’s approach inherently encourages diversification. For instance, the 100 companies he relies on for regular gains are scattered across various sectors.
  • Every so often, Tom shares free reports on lucrative opportunities that aren’t in keeping with his model portfolio but that are worth consideration.

Cons of V3 Trader

  • You can still lose money with Tom’s recommendations.

Verdict For V3 Trader

V3 trader, the brainchild of Tom Gentile, responds to a need to avail arbitrage opportunities to everyday traders.

Although the sales pitch is flattering, there is some truth to Tom’s message.

However, his methods are not for everyone and it is upon you to choose where you invest your money, ultimately.

Before you leave

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