- Report: #1229830
Complaint Review: Ouroboros Trading Network - Internet
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Ouroboros Trading Network
Internet, USA
Web:
http://ouroborostradingnetwork.net
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Ouroboros Trading Network Non-successful traders selling expensive signal system Internet
Binary trading scammers
I came across this group via a popular binary trader named Julian Wong.
Julian Wongs' videos are very popular on youtube, and he's making a lot of money off of his youtube channel alone - talking about binary trading.
What's interesting about Julian is that he trades live - so that we can see that he is the real deal.
Julian teamed up with two other guys to start Ouroboros Trading Network.
David Nocitra and Yuri Anischenko.
What Ouroboros provides is a signal service - very popular within the binary world - that you pay $5000 to get.
The problem is that these guys are marketers.
They are making their money from marketing - NOT trading.
Now, rule #1 when it comes to learning tricks of a trade is to find your master. You do NOT want to learn trading from marketers that are selling you a product that they hardly understand themselves.
The signal serivce won't make you rich. The only thing that you will get from the signals are notifications when currency pairs seem to get close to a swing high or low. That's it.
It's still up to you to understand trading and make your own calls.
Spending 5k dollars to teach yourself trading is not really a good deal, is it?
Now - all of this would have been semi-alright, if it wasn't that these guys are posing as very successful traders.
David has a bunch of stories about how many millions he's made off of binary trading. It only took him three months to reach 1.8 million dollars, with a 250 dollar account.
Anyone who knows anything about binary trading knows that this is impossible. Not impossible to achieve - but impossible to believe, without proof, and impossible to withdraw your money since there is NO broker out there that will let you gamble money like that and pay you. Brokers have tons of rules, all made up so that they have every possible excuse NOT to pay you your money.
Now, proof is easy to fabricate - but these guys are too lazy even to fabricate "proof" of their great success as traders.
Wathcing their webinars, it's evident that they don't know trading. They keep mis-using trading vocabulary, and they keep making errors in their calls.
How come that someone skilled enough to turn 250 dollars into 1.8 million dollars in three months has about a 40-50% accuracy rate? Because that's what you get, following these guys advices during the webinars.
If they call a trade, and it goes the other direction, they say "I told you not to take this trade".
If they tell you not to take a trade, and the trade still works out, it's "I called this trade!".
Over and over again - it would be laugh out loud funny if it wasn't that they are robbing people off of their life savings.
What's worse, they are getting into Forex now.
They are going to provide an auto-trader robot that will take trades on forex, using one of their strategies.
According to David - this robot turned 5000k dollars into 5 million dollars in three weeks - again, without proof, and this was claimed before they revealed hat the robot isn't even finished yet and that they have to finish it before running back-testing.
Their stories do not add up. They keep forgetting their lies, so new numbers and new claims are made all the time.
And what about Julian - the one in the trio that actually does trade live?
Well.
As any trader, or any aspiring trader, knows - trading is about being consistent. When you are successful, you stick with your system and you stick with what works for you.
Julian keeps chaning his system all the time. Sure, he trades live, but he constantly goes back and forth between different indicators and systems.
A perfect way of keeping people one step behind all the time, and keeping their interest.
For all we know - Julian might not be able to withdraw any money from his broker either. What is obvious is that these guys are making more money from their marketing than they are from trading. Therefore it is very plausible that Julian is not able to withdraw any money from his account, and he just keeps going because it keeps feeding interest for the Ouroboros group where traders have "90-95% success rate".
So far no trader has been successful in their group. A lot of people drop off though after having blown their accounts.
The few people that do seem successful for a while change their money management after a while, and suddenly become very sloppy traders - braking rules about how many % of your account you should risk each day (and how many % your broker allows you to trade).
It's evident that these guys were successful for a while, then blew their accounts and started trading demo accounts with paper money, posting results of how easy it is - while making sure to post their affiliate link (because if you recruit people to the group, they give you some money).
Internet marketers, affiliate marketing and a group of scammers.
Stay away from this group. Keep your money in your pocket, or better yet - go to a casino, place 5k on one bet and see what happens. Your odds are 50/50 on a casino. That's better odds than you will get teaming up with these marketers.
