Umar Ashraf in this video we are going to review Umar Ashraf and StockMarketLab. In this Umar
Ashraf review I'm going to provide my opinion on whether or not he is
legitimate or whether or not he is a fraud in my opinion Umar Ashraf is a
complete fraud and scam artists and all of the signs are there day trading using
technical analysis indicators etc it is common tactics that this guy is using to
try to convince you that if you follow him you too can be a profitable day
trader again you have a virtual 100 percent chance of losing money by day
trading what a lot of these fake gurus are doing they're selling you courses
and additionally what they're doing is they're aggregating you in a chat and
then they're planting BOTS in there or people that they hire from Indonesia
Pakistan etc to give you the impression that you can make money by day trading
so they'll have about 50% of the chat with people that they hire to send out
supportive messages and then the other 50% will be paying customers so that way
when the 50% of the customers all lose money those customers will blame
themselves because they will believe that the other 50% of the people are
actually making money again the statistical probability of you making
money by day trading is virtually zero percent if you don't believe me look at
the scientific research that I'm going to post there are been numerous studies
that have looked at approximately 500,000 day traders and the results are
clear they indicate that you have a virtual zero percent chance one of the
studies which was done in Taiwan indicated they're only five hundred out
of 360,000 day traders made money that is a statistical anomaly and here's the
kicker okay all of those five hundred people the 500 out of 300,000 who made
money they only made about two or three percent above holding the s py index
additionally in August of 2019 so very recently a study came out from
brazil that indicated that you have a virtual 100 percent chance of losing
money by day trading that day trading is similar to playing roulette and that
there is zero educational component to day trading in fact the students who
spent money to try to learn day trading and they bought courses they actually
did worse because they had to allocate money towards that actual course again
the statistical and scientific evidence is clear you have a zero percent chance
of being consistently profitable by day trading in fact if you buy a course on
day trading then you are going to lose money what these fake gurus do is they
charge you for the course and then they aggregate you in a chatroom and then
they sell back and forth by trying to pump and dump the low volume security to
their actual followers so for example they'll take a low float stock and then
they'll recommend it to their subscribers then as their subscribers
are buying it these fake gurus will actually sell that security back to
their subscribers at an elevated price again any time someone tells you that
you should day trade use any indicators etc they are completely with 100%
certainty lying to you look at the scientific research out there it is
completely clear the Brazilian research which was done just a few months ago it
said that the more time you allocate towards day trading the more money you
spend on education the more time you do it the lower your chances are and the
more money you are going to lose in fact it said that the few people who actually
made money consistently by day trading they made less than minimum wage again
let me just be clear the few people who actually made money by day trading they
ended up making less than minimum wage so this
a situation where you're going to be able to turn $2,000 into two million and
where you're going to be flying expensive cars and taking expensive
vacations to Europe and to Australia no you're gonna lose money and if you
happen to be like the point zero five percent who's a statistical anomaly who
just gets lucky you're gonna make less money than minimum wage so again in my
opinion Umar Ashraf is a complete sociopath and a complete fraud I would
run away from this guy and not take any chances because if you
day trade you're gonna lose money David Jaffee with
BestStockStrategy.com Leave a comment below and let me know your thoughts on
whether you believe Mr Ashraf is legitimate or whether he's a fraud thank
you