This site is a god send.
It is so refreshing, if not unfortunate to hear about the sad truths and realities of what really went on inside the group. I watched his webinars on and off since 2017. I remember all of these big claims of six figure positions some of his traders were in, and the way he always breaks even on every trade, so there’s no risk as such*. Being a private trader not in the group I was left to assume the majority of his traders were making serious money, and these trades turned out well.
I did actually join once for less than 24 hours as I had imagined a professional room with no noise, just clear trade setups and price targets. When I was let into the slack group I was so disappointed, it was so chaotic and sporadic, there was no group focus on the best 2-3 setups like I had imagined, more like a circus tbh which I did not have the time to attend.
Sorry to hear how these trades actually turn out for the group members who had to bare the cost. I watched the other day and he has currently lost 50% (350k) in 1 month on his weekly outlooks, although he only trades 1% right? Also, he can inject the money the new students pay him into the account to keep the balance up – although I don’t think he is daft enough to use his own money. And is this ‘investors’ account even real?
*break even trading every time is impossible because you have to let the trade breathe and move away from your entry before using a stop loss, otherwise you would stop out of your decent entries. Most of the time it will go against you then you are underwater and cannot break even.
This article has been contributed by D from the section “Submit your Articles”
Yep, every trade that goes against him he somehow got out for break even. Of course everyone knows that’s not true now from his live account numbers which means he was just lying the whole time.
Haha i also always wondered how he breakeven. i was like wtf im doing wrong. infact one time i was considering to join his course just to learn this trick.
Little that i knew this guy is a master scammer and.just hindsight trading to lure victims. ” worse case breakeven” is used 600 times in his videos.
yes D, you seem to have few years of forex trading under your belt and even so his Youtube scam got you in. Imagine a new person to Forex and trading as a whole. They could spend yeaaaars before they realize what hell they got themselves in.
From your observation about how chaotic the slack room is, I can tell you need clear set ups and winning set ups. Unfortunately there is none with this scammer. A lot of talk on public youtube…you get to see his London Webinar and the high lack of professionalism and precision by the charlatan will make you cry for $2500 evaporated into thin air.
His latest marketing scheme turned against him and exposed him because there is a GOD. No more “trading half a million euro” as a title…because Genius Anil Margin who is always “kanfident” is blowing it into oblivion, in front of the WORLD.
If anybody after this hands him $2500 to learn anything then they are very very very very naive or are not the brightest. Sorry to say. I wish this website existed before I signed up. I would have run the other way. So thank you Vlad from this godsend as D described. Thank you thank you thank you!
Anil is one of worst WANNABE traders in history I’ve ever seen…
The dude always buys high when the bigger trend is down, sells low when the bigger trend is up and tries to buy low/sell high right in the middle of a strong bearish/bullish trend (ideally a Wave 3) on the higher timeframe. If you reverse-trade him you will make tons of money!
The two “strategies” that he teaches are more than flawed and absolutely nobody (including himself) trades them. Mind you that he teaches those since his inception as “trainer” and never had any statistics to back them up or added anything to them all these years to at least make them more plausible. The Excuse? “Once you understand the concept I teach, you will create your own profitable strategies…” WTF?
And the infamous concept of “structure”? It can be applied easily when looking back at historic charts (you’ve all seen him draw them endless flag and flat patterns…), but for trading live? It’s like any other concept (S/R, SnD, etc) – it is flawed on its own and not profitable.
When you see him trading live in the Trading Room or Weekly Outlook and he tells you what trades he’s in and how he’ll manage them (which often is not the case, as he lies and let trades run beyond his aforementioned stops), you want to gauge your eyes out… He has absolutely no concept of Risk to Reward and most of the trades have negative R:R (huge stops and no predefined targets) with unconfirmed winning percentage of the setups.
In a nutshell he has no concept that can be traded in live markets; no profitable strategy; no predefined stops/targets/RR/etc; no trader mentality (he can preach for hours and then you see him not follow a single word of what he says); no willingness to learn and improve (showing very weak psychology); no profitable record to show on actively-traded accounts. However, he’s got huge ego (unsupported by anything) and I personally believe he’s very delusional because despite not having all of the above he talks like he’s got ’em…
He’s a complete charlatan, as mentioned by many people here. He talks big game, but in reality is just a scammer and a newbie trader… STAY AWAY and save your hard-earned money!
A very good summary of the prominent issues with this scammer. thanks for putting it all together in a nice structured manner.
However, delusional he is not…..that’s a known trait to scammers: “talk up their abilities”.
He knows real well he is a FAILURE as a trader. Yet he is out there talking like warren buffet has nothing on him. I am sorry that is FRAUDULENT behavior. No delusion here how else one justifies his marketing efforts?
If he was successful you think he would make such effort to drum up victims? he KNOWS that is his bread a butter not trading. That says a lot.
Explained in elliot waves vision.
very interesting. (and helpfull) ,
Great job JohnDoeFx !!
PS
My own vision is that Anil simply trade channels , which he hide , drawing only the support trend line.
But … he should take a good course $200-$250 maximum
to understand why channels do not behave the way he expects
That breakeven shit is the most ridiculous claims being made every time. So untrue in the world of trading. There is no sound risk managment in his approach. I took the course which is ok bit i never blindly follow his trades or comments. So forecasts are just ridiculoua so hyperthetical.
The scammer has to go back to trade demo account for couple years before he becomes profitable (that is if he finds a profitable strategy) But as far as trading investor’s money or even teach anything, he has been and is a fraud. beware!
Professor Edzard Ernst has written an article about ‘How to Become a Charlatan in 9 Easy Steps’ . It fits perfectly with Anil’s way of operation.
Most important step is: Ask for money, much money !
“I have left the most important bit for the end; remember: your aim is to get rich! So, charge high fees, even extravagantly high ones. If your treatment is a product that you can sell (e.g. via the internet, to escape the regulators), sell it dearly. Over-charging is your best chance of getting famous – or have you ever heard of a charlatan famous for being reasonably priced? It will also get rid of the riff-raff you don’t want to see “
“Most important step is: Ask for money, much money !
”
To be honest , thats one of reasons, I’ve took his course too.
Man …. I’/ll implement this in my bussiness !
trading room is most dead place in the world. They not trade in that room, they only loosing money on news with huge slippages by using stop orders, because Anil do not know how stop rders work he always blame Saxo when he gets problem with execution 🙂
I’m trying to figure out what drove Anil to do this Live trading circus.
He says he closed many trades (except gbp/cad short) due to investor got nervous. So there is no prior agreement between Anil and the investor? even tho Anil is putting his reputation on the line ! more he speaks more and more dumber it gets.
I’m no psychologist but with my general knowledge i’m thinking Mr Margin could be having either of two issues.
1) Delusions of grandeur: This will explain many of his other odd behaviours.
2) Anil is suffering from advanced form of ‘Dunning kruger effect’ : He is too incompetent to know that he is incompetent ie he is too stupid to know how stupid he is.
https://www.youtube.com/watch?v=E7NdrkKD8Vk&t=47s
In addition his Ego is very huge to admit that his course is crap
Yes Tissue , Ego , Dunning-Kruger effect and Delusions of grandeur are all related.
As one commentator puts it:
“The problem is that the ego is connected or rather resides within the intellectualized part of the mind. The ego rules. It is always right. It’s great and better than you. So when confronted with information that proves the individuals weaknesses, rather than acknowledge the fact, the ego when ‘challenged’, it’s #1, it utilizes self deception.
By doing that the individual still can maintain it’s sense of greatness that the ego requires. The result, a fool is convinced they are a genius by means of self deception. “
Hi All
I was a potential Anil student but after going through this site, I am not so sure about taking his course. Additionally, I saw him the way he trades and I think he is absolutely horrendous.
My question to the group here is – how is he managing to still get hold of these investors?
he is a liar; he trades is brother’s money and calls him “investor”
no real investor in right mind would invest in him after debacles of 2016s and with no proven track record or history or myfxbook to show
Does anyone here have myfxbook positive track record?
Nope I dont have any myfxbook record positive or negative. Besides i don’t use Metatrader platform.
I’m not planing to become another fx Guru so myfxbook has Zero usefulness for me.