DislikedFF is a free trader community forum where people are expected to share their knowledge and experience for the benefit of its members. FF has been used by some of the members to elicit directly or indirectly customers for a few commercial ventures of system selling, programming codes, etc. When the moderator detects the commercial angle, the members are dubbed as Commercial Members. FF does not frown upon commercial activity. In fact a number of members use the forum resources to repackage as commercial products. What is frowned upon fraudulent activity...Ignored
You can try with your real-trading account and you will know it.
Their revenue model is:
1. Charge the client for education
2. Charge the client for trading experience using simulator
3. Charge the client Administration Fee for conducting eligibility test - again on a demo trading account.
4. Only after going through the three processes which can take up to 2 years and payment of up to US$10,000-$12000, one can get access to their funded capital account , completely controlled by the capital provider.
The business model is clear:
Trainer makes income from failing candidates and the failure rate is 90% not because the trainer is aiming at it. The random trading nature of any speculation business is not easy to grasp.
Capital Provider gets non-salaried profit-sharing (performance based) proprietary traders on a full-time basis without having to employ them.
Payer gets the satisfaction of having gone through an education process in a comfortable physical environment and tried his/her best to get funded account.
Who is a fraud? Not the trainer nor the capital provider. Frauds are the ones who are not upfront about their revenue model or painting a unrealistic rosy picture about the nature of fx trading. Fx trading is quite tough and don't expect quick results. FF forum is full of sob stories.
Yet the trainers succeed attracting paying clients because they have created a physical environment where traders meet, talk and work as if working for a full-time job during the
training period itself. It is like a full-day seminar happening every day. At least this is better than so-called mentors taking $10,000 to $50,000 fees by employing
brain-washing copywriters to sell their services.
People who have money, time and inclination to try this method of attaining freedom from a fixed job do take a chance. We can't call such a business a scam just
because it does not meet your expectations.
I believed that I am providing a freebie worth US$10,000 to FF members and did not anticipate this kind of trolling and name-calling.
If I find sufficient number of people who don't think - by sharing their EAs, systems , trading records, discussions on money management - they are wasting their time or harming own personal interests, are welcome to express their clear and firm interest to go through the validation process which will be set by none other than capital providers NOW and the successfful candidates will be offered negotiated terms after 4 months.
Practice makes a person perfect