It seems like you are visiting me for the first time. Welcome! Check out the How I Lost Few Hundreds With BetOnMarkets Guru
A couple of months ago I gave you some info about BetOnMarkets Clubs And Gurus. I hope you have taken the last paragraphs seriously.
“Of course there is zero guarantee that the guru is really a guru.”
In September I decided to subscribe for a guru called Carlo Ferrari who at that had a pretty impressive track record. The first few bets were fifty-fifty, I even made a small profit. Then for some reason Carlo was convinced that NASDAQ will fall down and started sending signal after signal for bearish bets. If you have followed the markets you know what happened to NASDAQ at that time - raised pretty nice.
All the next 10-15 bets I opened following the signals expired at $0 so I lost all the balance I had.
With this post I am NOT trying to hint that Carlo or any other guru is scammer, not at all. What I want to emphasis on is only that betting on markets is much riskier than “normal” trading. And that the gurus who take 10-20 bucks are rarely real gurus.
Just be careful, don’t rely too much on past results.
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December 5th, 2007 at 5:09 am
Ouch! Sorry to hear that. Your last statement should be taken to heart by EVERY investor or trader.
I hope you recover your funds in some other fashion.
Cheers, and thanks for sharing your misfortune…it made me feel a little better knowing I am not the only one who’s lost money taking the advice of so called “gurus”..lol
seriously though, I hope you’ll fare better in the future.
December 5th, 2007 at 11:34 am
Thanks Alan
It’s not a big loss and that was money I was ready to lose. But still I prefer to have made some 
December 9th, 2007 at 3:10 am
Sorry you lost money, but it seems losing is part of the game. No pain, no gain. In my latest blog, I detailed how I lost money in testing a managed forex account even though I used caution and instructed the trader to use lower leverage than normal: http://managedforexpro.com/managed-forex-accounts.html
I am really pissed at that, but life moves on. Hope we get enough good investments over time and recoup all the losses of the bad ones.
June 9th, 2008 at 9:16 am
Hi,
Sorry you lost money. Always ask to see live account statements before investing your money. You can view ours at http://www.forexsystemresearch.com
Best Regards,
Mike