Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

newbietrader

Trading Zoo a BIG Scam

Recommended Posts

Came across this website http://tradingzoo.com/ and I remembered there was a heated discussion here on TL a while back when I used to lurk around.

 

It turns out these guys are 100% nothing but scam artists. I had a buddy of mine take the class for 1 month and he mentioned it was the worst trading room he had ever attended and obvious the room mods and traders were paper trading.

 

WARNING: Do not subscribe to the Trading Zoo. The track record shown are complete crap. Some of the trades and times they post do not match at all. What a bunch of idiots.

 

Perhaps TL should dedicate a thread for scam sites?

Share this post


Link to post
Share on other sites

So your buddy forked over 7k and quit after one month ?

 

I have heard from two members who are happy with the method. And no, they didn't try to convince me to join the Zoo .:o

 

I know that there are long bashing threads on ET and Mypivots.com.

 

But - if I had to guess, I'd say that 95% of the posters never even once entered the room, and then there are those who expect the holy grail and will always be disappointed.

 

There is a "whole lotta scamming" going on in the trading scene, no doubt about it, but one also has to be aware that there are perhaps as many posters who are on a mission to bash as there are shills on the internet.

 

BTW - nice spike there on the ES. Thank God I'm only a sim trader :haha:

Share this post


Link to post
Share on other sites

The problem is Mars that the majority rules and the majority of vendors out there are junk, including Trading Zoo. We asked for verifiable proof of their awesome performance numbers and it turned into a bashing contest. They quickly ran the other way when simply asked to prove the numbers they post on their site.

 

So, yes, Trading Zoo is junk and provides no value to a trader wanting to become an independent, profitable trader.

 

As for this ES spike, if you are saying 'thank God', you are really, really missing a prime trading time. This only happens 4 times a year and if you are quick, it can be a gift from the trading gods.

 

;)

Share this post


Link to post
Share on other sites

Brownsfan,

 

I agree that it would be nice to see verifiable proof by a vendor...but - have you ever seen one single vendor show his account statements to the public ? I must say I haven't.

 

Regarding the down spike - yup, if one is a good trader, these are the moments...a trading buddy of mine went long heavily from 1500 and kept on adding on the way down - I guess I would have goofed up, too somewhere on the way down :embarassed:.

Share this post


Link to post
Share on other sites

Don't believe any of these bashers. They have no first hand knowledge. Through all the ranting and raving from the likes of brownsfan and others, the fact remains that not one single longstanding member as ever publicly voiced anything negative about it.

 

Newbietrader--have your friend come here and tell us directly about his experience.

 

brownsfan--you have a long documented history of zoo hating which only got worse when a few emails in which Soultrader told the Zoo he wasn't pleased with you Zoo bashing here started to float around the forums. I happened to see a few and there's no doubrt about the dialogue between James and them. That must have stung a bit, hey?

 

There was a zoo member who sent his trading statements to some joker named pitbulltrader on ET who became conspicuously silent after he received them.

 

I don't know much about the Zoo, but until a few people who spent their money come forward and explain why it's a scam or junk--and submit themselves to scrutiny by other members to validate their claims (no bash shills) I am not going to believe one word by the naysayers that smear them.

 

So, it looks as though James has allowed this crap to creep back into his forum or he's taking a vacation. In any case, let's hope he deletes this garbage OR allows members to openly express their opinions about vendors without censorship. I vote for the former. Vendor chit chat is not helpful to the learning experience especially when the posters deal in innuendo and heresay instead of facts from first hand knowledge.

Share this post


Link to post
Share on other sites

Im leaving this thread on to protect TL members. I have evidence which I can not disclose here of their unethical business practices. Please dont ask what as I will not disclose any further information.

Share this post


Link to post
Share on other sites

With all due respect James, if you're not prepared to back up your statements, why bother. You just go into the same category as the others. Anyone can post things like that and then hide behind a self imposed gag order. You made a strong remark and you should support it. If not, don't make it. Talk about a tease!

 

How do you think this protects ET members anyway? All the other forums have run these types of threads on and off for years. It's really old news (or rumour I should say). Since I'm not a principal to this matter, I'll bow out. I've made my point whether or not anyone else agrees.

 

Maybe a few of the TL people who were alleged to have joined the Zoo will come forward and share their feelings--those that sent $6000, not the jaded or jilted.

Share this post


Link to post
Share on other sites
Don't believe any of these bashers. They have no first hand knowledge. Through all the ranting and raving from the likes of brownsfan and others, the fact remains that not one single longstanding member as ever publicly voiced anything negative about it.

 

Really? B/c check out some of the elitetrader threads.

 

Also, where are all the zoo lovers? There doesn't seem to be many of them either... hmm....

 

Newbietrader--have your friend come here and tell us directly about his experience.

 

brownsfan--you have a long documented history of zoo hating which only got worse when a few emails in which Soultrader told the Zoo he wasn't pleased with you Zoo bashing here started to float around the forums. I happened to see a few and there's no doubrt about the dialogue between James and them. That must have stung a bit, hey?

 

Nope, not all smarty. If you knew what was REALLY going on, you'd understand. Go back to your shepherd.

 

There was a zoo member who sent his trading statements to some joker named pitbulltrader on ET who became conspicuously silent after he received them.

 

If I recall that thread, the zoo 'member' made it clear that he did NOT follow the Zoo's trades, he has his own method that used SOME of the Zoo methods. So, once again, it's of no use b/c it was not being followed verbatim.

 

I don't know much about the Zoo, but until a few people who spent their money come forward and explain why it's a scam or junk--and submit themselves to scrutiny by other members to validate their claims (no bash shills) I am not going to believe one word by the naysayers that smear them.

 

You don't have to believe. If you want to think all vendors are just great people trying to help others, by all means, have at it. Some of us however will think differently.

 

So, it looks as though James has allowed this crap to creep back into his forum or he's taking a vacation. In any case, let's hope he deletes this garbage OR allows members to openly express their opinions about vendors without censorship. I vote for the former. Vendor chit chat is not helpful to the learning experience especially when the posters deal in innuendo and heresay instead of facts from first hand knowledge.

 

You are dealing with 'heresay' as well carc! You claim to have no affiliation with the Zoo, yet here you are defending them.... Hmmmm.... So, you want facts, yet present NONE to show what a great place the Zoo is.

 

Ironic.

 

If the Zoo really is a great place, why have there NEVER been ANY people in ANY of the forums (outside of the shills themselves) telling us about how great this place is?

 

WHAT? I can't hear you.

 

I'll repeat - WHY HAVE THERE BEEN A TOTAL OF ZERO SUPPORTERS OF THE ZOO SHOW UP HERE TO DEFEND THEIR HONOR?

 

If you want to continue the free spamming, so be it.

 

It's obvious where your true intentions lie. I suggest heading back to the shepherd and see what MB instructs you to do next. While there, ask MB to stop by and provide some real proof that he actually trades and actually makes money. That's ALL I am asking for. Should take a whole 10 minutes to upload the PDF's after blurring account info out.

Share this post


Link to post
Share on other sites
Maybe a few of the TL people who were alleged to have joined the Zoo will come forward and share their feelings--those that sent $6000, not the jaded or jilted.

 

You are assuming that some here actually spent money on that garbage.

 

Let's see how many regular posters on TL come out and give us their review.

 

And those that created a screenanme and have a total of 1 or 2 posts should not bother. We are not looking for trading zoo shills that have been lying in the weeds.

Share this post


Link to post
Share on other sites

I can fully back it up. But it is not appropiate to diclose such matter publicly. I also care less about them to put in any further time discussing their practices and credibility.

 

Your comments appear as if you are affiliated with them.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • PTCT PTC Therapeutics stock watch, trending with a pull back to 45.17 support area at https://stockconsultant.com/?PTCT
    • APPS Digital Turbine stock, nice rally off the 1.47 triple+ support area, from Stocks to Watch at https://stockconsultant.com/?APPS
    • Date: 20th December 2024.   BOE Sees More Support For Rate Cuts As USD Strengthens!   The US Dollar continues to rise in value after obtaining further support from positive economic and employment data. However, the hawkish Federal Reserve continues to support the currency. On the other hand, the Great British Pound comes under significant strain. Why is the GBPUSD declining? GBPUSD - Why is the GBPUSD Declining? The GBPUSD is witnessing bullish price movement for three primary reasons. The first is the Federal Reserve’s Monetary Policy, the second is the positive US news releases from yesterday and the third is the votes from the Bank of England’s Monetary Policy Committee.     Even though the Bank of England chose to keep interest rates unchanged at 4.75%, the number of votes to cut indicates dovishness in the upcoming months. Previously, traders were expecting the BoE to remain cautious due to inflation rising to 2.6% and positive employment data. In addition to this, the Retail Sales data from earlier this morning only rose 0.2%, lower than expectations adding pressure to GBP. Investors also should note that the two currencies did not conflict and price action was driven by both an increasing USD and a declining GBP. The US Dollar rose in value against all currencies, except for the Swiss Franc, against which it saw a slight decline. The GBP fell against all currencies, except for the GBPJPY, which ended higher solely due to earlier gains. US Monetary Policy and Macroeconomics The bullish price movement seen within the US Dollar Index continues to partially be due to its hawkish monetary policy. Particularly, indications from Jerome Powell that the Fed will only cut on two occasions and the first cut will take place in May. However, in addition to this the economic data from yesterday continues to illustrate a resilient and growing economy. This also supports the Fed’s approach to monetary policy and its efforts to push inflation back to the 2% target. The US GDP rose 3.1% over the past quarter beating expectations of 2.8%. The GDP rate of 3.1% is also higher than the first two quarters of 2024 (1.4% & 3.0%). In addition to this, the US Weekly Unemployment Claims fell from 242,000 to 220,000 and existing home sales rose to 4.15 million. Home sales in the latest month rose to an 8-month high. For this reason, the US Dollar rose in value against most currencies throughout the day. Analysts believe the US Dollar will continue to perform well due to less frequent rate cuts and tariffs. The US Dollar Index trades 1.65% higher this week. Bank of England Sees Increased Support for Rate Cuts! The Bank of England kept interest rates unchanged as per market’s previous expectations. The decision is determined by a committee of nine members and at least five of them must vote for a cut for the central bank to proceed. Analysts anticipated only two members voting for a cut, but three did. This signals a dovish tone and increases the likelihood of earlier rate cuts in 2025. The three members that voted for a rate cut were Dave Ramsden, Swati Dhingra, and Alan Taylor. Advocates for lower rates believe the current policy is too restrictive and risks pushing inflation well below the 2.0% target in the medium term. Meanwhile, supporters of keeping the current monetary policy argue that it's unclear if rising business costs will increase consumer prices, reduce jobs, or slow wage growth. However, if markets continue to expect a more dovish Bank of England in 2025, the GBP could come under further pressure. In 2024, the GBP was the best performing currency after the US Dollar and outperformed the Euro, Yen and Swiss Franc. This was due to the Bank of England’s reluctance to adjust rates at a similar pace to other central banks. GBPUSD - Technical Analysis In terms of the price of the exchange, most analysts believe the GBPUSD will continue to decline so long as the Federal Reserve retains their hawkish tone. The exchange rate continues to form lower swing lows and lower highs. The price trades below most moving averages on the 2-hour timeframe and below the neutral level on oscillators. On the 5-minute timeframe, the price moves back towards the 200-bar SMA, but sell signals may materialise if the price falls back below 1.24894.     Key Takeaways: The US Dollar increases in value for a third consecutive day and increases its monthly rise to 2.32%. The US Dollar Index was the best performing currency of Thursday’s session, along with the Swiss Franc. US Gross Domestic Product rises to 3.1% beating economist’s expectations of 2.8%. US Weekly Unemployment Claims read 220,000, 22,000 less than the previous week and lower than expectations. The NASDAQ declines further and trades 5.00% lower than the previous lows. The GBPUSD ends the day 0.56% lower and falls more than 1% after the Bank of England’s rate decision. Three Members of the BoE vote to cut interest rates. The GBP was the worst performing currency of the day along with the Japanese Yen. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 19th December 2024.   Federal Reserve Sparks NASDAQ’s Sharpest Selloff of 2024!   The NASDAQ fell more than 3.60% after the Federal Reserve cut interest rates, but gave hawkish comments. The stock market saw its largest decline witnessed in 2024 so far, as investors opted to cash in profits and not risk in the short-medium term. What did Chairman Powell reveal, and how does it impact the NASDAQ? The NASDAQ Falls To December Lows After Fed Guidance! The NASDAQ and US stock market in general saw a considerable decline after the press conference of the Federal Reserve. The USA100 ended the day 3.60% lower and saw only 1 of its 100 stocks avoid a decline. Of the most influential stocks the worst performers were Tesla (-8.28%), Broadcom (-6.91%) and Amazon (-4.60%).     When monitoring the broader stock market, similar conditions are seen confirming the investor sentiment is significantly lower and not solely related to the tech industry. The worst performing sectors are the housing and banking sectors. However, investors should also note that the decline was partially due to a build-up of profits over the past months. As a result, investors could easily sell and reduce exposure to cash in profits and lower their risk appetite. Analysts note that despite the Federal Reserve's hawkish stance, the Chairman provided a positive outlook. He highlighted optimism for the economy and the employment sector. Therefore, many analysts continue to believe that investors will buy the dip, even if it’s not imminent. A Hawkish Federal Reserve And Powell’s Guidance Even though traditional economics suggests a rate cut benefits the stock market, the market had already priced in the cut. As a result, the rate cut could no longer influence prices. Investors are now focusing on how the Federal Reserve plans to cut in 2025. This is what triggered the selloff and the decline. Investors were looking for indications of 3-4 rate cuts by the Federal Reserve in 2025 and for the first cut to be in March. However, analysts advise that the forward guidance by the Chairman, Jerome Powell, clearly indicates 2 rate adjustments. In addition to this, analysts believe the Fed will now cut next in May 2025. The average expectation now is that the Federal Reserve will cut 0.25% on two occasions in 2025. The Fed also advised that it is too early to know the effect of tariffs and “when the path is uncertain, you go slower”. This added to the hawkish tone of the central bank. However, surveys indicate that 15% of analysts believe the Federal Reserve will be forced into cutting rates at a faster pace. As a result, the US Dollar Index rose 1.25% and Bond Yields to a 7-month high. For investors, this makes other investment categories more attractive and stocks more expensive for foreign investors. However, the average decline the NASDAQ has seen before investors buy the dip is 13% ($19,320). This will also be a key level for investors if the NASDAQ continues to decline. NASDAQ - Technical Analysis Due to the bearish volatility, the price of the NASDAQ is trading below all major Moving Averages and Oscillators on the 2-Hour chart. After retracement the oscillators are no longer indicating an oversold price and continue to point to a bearish bias. Sell indications are likely to strengthen if the price declines below $21,222.60 in the short-term.       Key Takeaways: A hawkish Federal Reserve cut interest rates by 0.25% and indicates only 2 rate cuts in 2025! The stock market witnesses its worst day of 2024 due to the Fed’s hawkish forward guidance. Economists do not expect a rate cut before May 2025. Housing and bank stocks fell more than 4%. Investors are cashing in their gains and not looking to risk while the Fed is unlikely to cut again until May 2025. The US Dollar Index rises close to its highest level since November 2022. US Bond Yields also rise to their highest since May 2024. The NASDAQ’s average decline in 2024 before investors opt to purchase the dip is 13%. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • SNAP stock at 11.38 support area at https://stockconsultant.com/?SNAP
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.