Adam Khoo. is Adam Khoo a fraud. David Jaffee with BestStockStrategy.com and
in this video we are going to learn my opinion on whether I believe Adam Khoo is
a scam and a fraud and a fake guru you are welcome to actually remember that
this is solely my opinion and don't take anything I say as factual you should
always conduct your own due diligence Adam Khoo teaches you how to trade Forex
he provides you with indicators and he teaches you a lot of patterns in my
opinion the Forex product is the absolute worst product and trading
vehicle that any retail traders can make or can use in my opinion every single
retail trader who trades Forex is going to end up losing all of their money and
not just because of the insane amount of leverage I know that people can get a
hundred times leverage but the forex market is extremely unregulated a lot of
these people tell you to put your money into exchanges which are not SEC or
finger finra regulated some of them are domiciled out in Cyprus which is known
to have a tremendous amount of criminal activity and for all intents and
purposes for many of these situations once you put your money into the broker
then there is no way for you to get your money out now in this situation Adam Koo
is slightly different because he is not actually telling you to deposit your
money in an exchange instead he is teaching you patterns and education and
relying upon indicators the problem with these type of situations is that these
gurus teach you a tremendous amount of indicators but then every time that they
don't work they come back and they point the finger at you and they say oh it's
your fault that it didn't work because you did not interpret the price action
or the volume correctly but had you done so that you would have been able to make
I am profit from this trade in general you are going to win around 40% of your
trades from day trading or from trading Forex what happens is that these fake
gurus they try to tell you that they have one pattern or three patterns that
they've used to turn $10,000 into Millions
and they tell you that they can increase your success in win rate from 40% to 60%
the problem for them is that none of these indicators are statistically
significant and none of them work so you're going to invest this substantial
amount of money into this training program which looks extremely
professional but unfortunately it doesn't work then you're going to invest
your time you're going to try to turn 1,000 dollars into like fifteen thousand
dollars but not only are you not going to be able to turn a thousand dollars
into fifteen thousand dollars you are going to lose all your money
so again this is strictly my opinion and I know that you can tell me that I'm a
really bad trader but just to be honest like I worked as some of the most
prestigious investment banks on Wall Street we used to laugh at day traders
retail forex traders we would laugh at them and I know that a lot of people say
well the forex market is the largest in the world so obviously someone's trading
okay that might be true but you're not a central bank
you see central banks they trade Forex back and forth in order to hedge their
national security risk and also hedge their currency and inflation but as
retail traders where you're trying to profit from the bid-ask spread
differential and moves in the geopolitical countries you are going to
deposit your money into exchanges that are domiciled in places like Cyprus or
other places which are known for criminal activity essentially what I'm
saying is that as a retail trader you are not a central bank where you print
your own currency you don't have billions of dollars at your disposal and
perhaps more importantly you as a retail trader are prey for these sharks and
fake gurus who are going to sell you a BS product
that is going to rely on indicators and they're going to give you an amazing
impression themselves in suits them driving Lamborghinis and Ferraris and
wearing really nice watches and living in nice places but all of that money is
funded from your subscription and you're buying their education which is
completely fine because I sell education to the big difference is the intent when
I sell education regarding selling options options are statistically set up
and we model our trades where you're gonna earn money and win ninety five
percent of the time when you invest and try to day trade Forex or other things
you are going to lose sixty percent of your time now the fake guru comes in and
he tells you that he has special knowledge to increase your win rate from
forty to sixty percent but that is complete BS and that's why so many
people end up losing all of their money let me go through my notes and make sure
that I that I have communicated everything I wanted to about Adam Khoo
so Adam Khoo he relies upon forex and for foreign exchange trading and uses
technical analysis in my opinion FX is the worst product for retail traders he
teaches you indicators people use indicators but it doesn't work and one
doesn't work then the fake guru ends up blaming you and my opinion Adam Khoo's
intent is to defraud innocent people that's my opinion
alright now everything is predicated upon intent because when you have people
create YouTube videos and buy YouTube ads through Google and YouTube display
ads they come off as extremely likable and they try to build your trust but in
many of these situations their intent is to take your money and waste your time
and in and increase your stress load because they tap into your greed they
know that you want to take one thousand dollars and turned it into a hundred
thousand dollars and then in the back of your mind you know that the probability
of that happening are extremely low but you're essentially going to buy a
lottery ticket gamble on their system because you like the
sky or you think that he appears credible or you've heard his name
somewhere and as a result because you as they say a fool and his money are soon
or easily parted right is that the I think that's
the same a fool and his money are easily parted and the big difference between
the fake guru and people who actually have legitimate trading knowledge is
that the intent of the fake guru is to steal manipulate gain your trust and
then discard their customers once their customers have no money that is the big
difference between people who actually add value and the fake gurus who have
the intent of defrauding innocent people let me see what else when I was working
as an investment banker we used to laugh at day traders so I know you have the
intent of turning 5000 dollars into 1 million but you're not even going to
turn 5 thousand dollars into six thousand dollars instead you're gonna
lose all of your five thousand dollars and you're gonna end up wasting all your
time this is David Jaffee from BestStockStrategy.com you can go to BestStockStrategy.com
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thank you so much for watching until the end