The $100 to $1,000,000 Challenge - 3 days in the running

[airjiro]

Originally Posted by forex100

I repeat my question. Did I steal your money ?

Did I steal money from anyone you know ?

Your answer please.


FX100

No you did not steal my money because i was too smart to fall a victim of your scam.
Ironically you did not answer this allegations on this link, where someone made a post of how you scammed a lot of people in Singapore.

http://www.talkgold.com/forum/showthread.php?t=245100

Patrick Sim's (ExpertForextrader) Failed Arbitrage Strategy - Professional SCAMMER

Here are his deeds and all the amounts discussed were in SGD. All these were under the pretense of using his so called arbitrage forex strategy which serve to fail.

Here is his thread in talkgold:
http://www.talkgold.com/forum/r241065-.html

March 2008.
Conned
Micheal - $100,000 (A businessman)
Robin - $400,000 (A retired businessman)

June 2008
Steven - $110,000 (His student whom had followed his flawed teachings)

July 2008
Tim - $20,000 (His student whom had been with his unwitting victim for the past 3 years)

December
Mr Lee - $15,000 (An engineer who got wiped up in just 2 weeks using his failed arbitrage strategy)

Angus - $80,000 (A guy that stood by him with the belief that his strategy will still work)


"Expertforextrader" is no expert but a professional clown. He is a 58year old (as of 2009) BANKRUPT man who went bankrupt because mere credit card banks initiated by the bank of amt $20,000. He used to be a former Singapore Airlines Co-Pilot and was sacked as a result of his neglience in flight as just like his attitudes towards his boo hoo forex stategies.

His details are as follows:

Real name: Patrick Sim

Home Address: Block 842 Sims Ave #02-760 Singapore (Eunosville)

Mobile number: 98399657

Home number: 64974413 / 67385841

Ironically u did not respond to this message when it was posted then even though then you had not been banned when it was posted and remember (though you seem to have some memory loss) you did admit to me that the address posted was your real address and that you knew the poster.

So the Question is have you settled your ripping problem with those members or you just love ripping and looking for new victims.

2 years ago u claim to have found the holy grail system, 2 years is long enough for your holy grail system that you claim never results in a loss to have made you lots of profits......but 2 years after u come under another guise and still looking for $500. IS IT NOT OBVIOUS THAT THE SO CALLED SYSTEM NEVER EXISTED OR EVEN IF IT DID, IT FAILED WOEFULLY AND NOW U SEEK NEW VICTIMS?

The Game is up! But seriously did you think you would not be found?

Just found out you are no longer pasting your trading results....Seems you have gotten the message

[forex100]

Now if you were never scammed by me and you do not know of anyone that was scammed by me why would you go around slandering me ?

There must be a reason for you to do it.

You did not get what you wanted to steal.

Same thing with the said poster, both of you thieves never got to what I have and will never have your hands on it..


FX100

[airjiro]

Originally Posted by forex100

Now if you were never scammed by me and you do not know of anyone that was scammed by me why would you go around slandering me ?

There must be a reason for you to do it.

You did not get what you wanted to steal.

Same thing with the said poster, both of you thieves never got to what I have and will never have your hands on it..


FX100

Slandering you? what a joke I am exposing your ripping tactics you THIEF!!
with all your previous posts when u were using the username experforextrader you always want money upfront...it is either u want to manage pple's money by them sending you physical cash in WU or bankwire or your ripping head wants a 2% management fees upfront THIEF.

You are the LIAR and the THIEF, cos from all your old and new posts, u always seek for victims to send you money Me on the other hand don't offer any service....besides you still not answer the questions raised

why would you be looking for to manage $500 when 2 years ago u claimed u had the holygrail system......oh i think we all know the answer. There was never a holy grail sytem it was just a bunch of ripping talk from a Singapore THIEF having scammed his fellow country men decided to look for new victims online.


And you said i wanted to steal your system? Like i said you are really suffering from memory loss.
Was it not you that requested i send u $1000 upfront before managing my SAXO funded account? and even before that, you insisted i send the SAXO funded account money directly to you (by Western Union/bankwire) and when i said i couldn't just trust you with $10,000 and would prefer i send you the login details u then tried to force $1000 from me THIEF!
BUT LIKE I SAID I WAS TOO SMART TO FALL FOR YOUR CHEAP TRICK.
GO GET A LIFE THIEF..U CAN TRY GOOGLE AFFILIATES, THE MONEY MAY NOT BE TOO MUCH BUT U WILL AT LEAST YOU WILL GET THE $500 U ARE LOOKING FOR LEGITIMATELY

[forex100]

Originally Posted by airjiro

Was it not you that requested i send u $1000 upfront before managing my SAXO funded account?

Yes. These are my terms for doing business with me. If you cannot accept my terms, you do not do business with me.

So we did not end up doing business.

Why are you pissed off that we did not do business ?

Did you have an ulterior motive like the other guy??...when you cannot get hold of what I do and how I do you try and destroy it otherwise.

I will continue to update my progress so that you will squirm each time you see it going up and up. And you can laugh and pass all kinds of snide remarks when it goes down and down.

Either way your remarks and your actions will not have any effect on how the system works.


FX100

[forex100]

Trading on the forex markets - Who wins and who loses ?

The advent of the internet has brought the forex market right into our bedrooms.

What was once a profession done only by highly placed professionals in stiff business suits talking in terms of millions of dollars can now be done by an unshaven, unkempt...just woke up lad in his underwear for less than $100 and in some cases only $25.

This is what has come about because of the internet. Together with it comes many opportunities and many many times more disasters too. Simply put, the Forex market is not a game for $100 investors with no knowledge of what goes on and hoping for a good punt. Then again, it could well be for if no one loses in the market then where is the money coming from for those that do make ?

The other side of the coin is this. One can with just $100 start an online opportunity that has the potential to make millions and millions of dollars, the perfect dream for anyone with the ability to dream and you do not even need to leave your bedroom for it !!...or shave in the morning.

But how does one make that dream a reality ? For one, it must be treated seriously and for it to be treated seriously it must be treated as a business. It does not matter if one does not even leave the bedroom to do this wonderful business, it must nonetheless be treated as a business.

Why treat it as a business and how does one treat Forex trading as a business ?

The answer is simple. A business, any business will be successful, will always be successful was meant to be successful and should be nothing else but successful - if done right !! There is no business that is not successful as a business only those that mismanage and misrun it !! In other words - Do everything right and any and all business will be successful.

So if you want to be a successful Forex Trader, the key is not to be a "good" trader picking all the correct calls in the market. It is to be a good trader running a Forex business along correct and good business lines.

In fact to be a successful Forex trader, you don't even need to pick a good trade or monitor the market. You just need a good business strategy and manage that strategy well. The rest will just fall in line.

I will expand on this over the course of my exercise to trade the $100 account into $1,000,000 in line with treating it as a business and share the concept of what I am doing.

There is a method for what needs to be done in the market itself in relation to selecting what trades to do but that is a risk management mechanism rather than a trade strategy in trying to predict the market.

This method will not be revealed to everyone but only to a selected few under certain guidelines. There is no need to expand on that.

As with any viable business, there must be operational guidelines to follow when operating in the market. The guidelines for my Forex trading business consists of 3 principles which MUST be followed to ensure success.

3 core principles.


1. The market cannot be predicted. - Do not predict the direction of the market.

2. To make money from the market, one MUST be in the market. - Always stay positioned in the market, never take your positions out of the market

3. To make money one must buy LOW and sell HIGH, maybe not in that order. - If one always take a profit from the market, one can never lose, if one takes a loss always one will never win, so NEVER have a stop loss. Have a control mechanism but NOT a stop loss.


Enough for today. I will post this up on my site and expand on it as I find a bit more time for it. Next I will touch on financial planning which would guarantee the success of your trading business. Notice my emphasis is on the success of the trading BUSINESS and not on the success of the trading. It does not matter much if your trading does not bring in very good results even. If your business is carried out well, the BUSINESS would be successful even if you picked wrong trades. In fact, you don't even need to pick trades, you just close out winners.


FX100

[mtuppers]

Originally Posted by forex100

3 core principles.


1. The market cannot be predicted. - Do not predict the direction of the market.

2. To make money from the market, one MUST be in the market. - Always stay positioned in the market, never take your positions out of the market

3. To make money one must buy LOW and sell HIGH, maybe not in that order. - If one always take a profit from the market, one can never lose, if one takes a loss always one will never win, so NEVER have a stop loss. Have a control mechanism but NOT a stop loss.


FX100

I do not know I should LOL or cry!

1. market is so predictable when you using right indicators.

2. you don't have to be in market. Indicator well tell you what is going on at that time.

3. no stop loss is game over.

I know you will not agreed on all the 3 answer I post. however, as long as you trust your indicator you will win!

okay, I am not fighting. just want to let you know what I think!

[forex100]

Of course you are entitled to what you think.

Ultimately what matters is how much you take out of the market not how well you predict.

Laugh or cry, it is how much you take out every month.


FX100

[mtuppers]

Originally Posted by forex100

Of course you are entitled to what you think.

Ultimately what matters is how much you take out of the market not how well you predict.

Laugh or cry, it is how much you take out every month.


FX100

only thing may not be predict is how much profit you want! Of course if you have no action no matter how predictable the trend is you still not in profit.

while reading post just missed 20 pip profit

the reason I said Laugh or cry is Laugh on it is so predictable, for cry is crying my final system may not go public.

[forex100]

Originally Posted by mtuppers

only thing may not be predict is how much profit you want! Of course if you have no action no matter how predictable the trend is you still not in profit.

while reading post just missed 20 pip profit

the reason I said Laugh or cry is Laugh on it is so predictable, for cry is crying my final system may not go public.

LOL

ok...at least I laugh.

Update coming up. Already past $600 on cash balance.


FX100

[forex100]

UPDATE !!

You can see the chart here http://www.earning-on-the.net/chart/


Significant figures are

Account Value $107.60
Cash Balance $610.23
Margin 15%

Cash balance has past $600 and still going up and up. I will target for it to go to above $1000 then my focus will be on getting the equity to follow up and there is a mechanism to do that too. Plus I would likely gear it up so it will move faster too.


FX100