littlewingz
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- Jun 5, 2009
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Hi all,
Recently there is a popular signal provider in Singapore. The website is efgolds.com, it is led by a self proclaim gold trading guru, Parker Shi, who claim he can provide Gold trading signals with high winning odds.
However, this is all a gimmick as you the retailers will lose in the long run as he encourage you to:
- Trade 10% of the capital in one trading day thus creating unreasonable drawdown during bad day/week.
- Trade everyday, YES, every single trading day
- Always hype things up, claiming he earn up to 10k per day from trading.
- Had a team of introducing brokers from MLM companies to rope clients for him, this include clients with zero finance literacy.
Last week, when gold price dropped from $1550 to $1320 range, Parker Shi was encouraging the traders to long , this has caused almost all of the accounts to burst, it was estimated in total that $1 million of Singaporean money was lost last week.
The real winner is Parker Shi as he will win regardless if you win or lose due to the commission he earn from the spread and account opening bonus. I beg you not to buy into the story if any salesman try to introduce you into this program, you will lose your hard earn money!
Beware of !
Caveat emptor!
Recently there is a popular signal provider in Singapore. The website is efgolds.com, it is led by a self proclaim gold trading guru, Parker Shi, who claim he can provide Gold trading signals with high winning odds.
However, this is all a gimmick as you the retailers will lose in the long run as he encourage you to:
- Trade 10% of the capital in one trading day thus creating unreasonable drawdown during bad day/week.
- Trade everyday, YES, every single trading day
- Always hype things up, claiming he earn up to 10k per day from trading.
- Had a team of introducing brokers from MLM companies to rope clients for him, this include clients with zero finance literacy.
Last week, when gold price dropped from $1550 to $1320 range, Parker Shi was encouraging the traders to long , this has caused almost all of the accounts to burst, it was estimated in total that $1 million of Singaporean money was lost last week.
The real winner is Parker Shi as he will win regardless if you win or lose due to the commission he earn from the spread and account opening bonus. I beg you not to buy into the story if any salesman try to introduce you into this program, you will lose your hard earn money!
Beware of !
Caveat emptor!
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