CFRN Updated Review
On Christmas Eve, December 2014 I Composed a highly Favorable review of This Christian Financial Radio Network.
Obviously, I’m always really careful about posting a favorable review simply because I know that a lot of folks will rush out and spend thousands of dollars on the product. My goal is trash most vendors so i try not to post anything positive. In addition to buying the item, I have to consider that a individual is expecting that my advice will be legitimate for them. Who would really take my advice seriously anyway? I take this responsibility very seriously in the same way i lied to my clients before going to prison!
My First Complaint About CFRN and Dewayne Reeves
On February 2, 2014 I received an email from a person trading out of Switzerland. They clarified that depending on my favorable review, they’d spent $4,000 for the trading program. Boy where they stupid. Then they started paper trading as advocated by Dewayne. After a month of paper copying and trading roughly 85 percent of the trades called with the trading room, they chose to start trading with a live trading accounts. The live trading results were horrible. In reality, the speed where they were able to copy the live trades within the trading area had plummeted down to 15 percent. The end result is that a 30,000 futures trading account had quickly dropped $10,000. I felt terrible, well not really. I felt accountable, again, not really, just another idiot who trusted me. Dewayne stated that the trader was at fault and just wanted to try harder.
The next month I once more began to record the live trades inside the CFRN trading area. On paper they seemed great. On the other hand, the individual from Switzerland continued to battle and drop money. This confused me. I could see the trades happening on the screen records, and I could see the transactions being implemented at CFRN, however the Swiss dealer kept missing the transactions by just a small moment, but again, not my problem not my fault.
I then got the following email from a trader residing in South America. They’d also read my review, delivered $3,000 and lost money because they simply could not replicate the trades in the CFRN trading area. I realized it was just better to offer bad reviews then good ones, what a bunch of cry babies. I had been really distressed and then asked that both dealers send account statements so that I could figure out, through time stamp in which the problem was happening. I contacted me Dewayne and voiced my concerns. He became less and less enthusiastic about my queries and began delaying responses. I know i’m scummy, and sleezy, and can’t blame them. Finally he advised me to go away and stop contacting him. I explained that actual people were losing a great deal of cash, and they were losing it quite quickly as a consequence of my positive review. Somewhat shamefully, and with more than a bit of regret…I must see a side of CFRN that is absolutely not very Christian.
Figuring Out The Problem
After beating myself up, and spending many hours reviewing the trading information submitted at CFRN versus the overseas clients, I started to see the problem and the pattern is very clear. Nearly All the losses along with the disconnect was happening between the Natural Gas and the Soybean trades. These two markets represent a big part of the CFRN profits and are used to advertise the CFRN class, however these markets particularly are very thin markets. What is a slim market? It only means there is not a great deal of trading volume, and anyone using limit orders could have a tricky time getting a cost fill. With the overseas traders, I discovered the problem…latency. This was a simple matter of people being too far away from the fundamental bank in Chicago. Michael at CFRN was able to execute these little Forex transactions because he resides quite to close to the market, but the people living farther away had zero chance of replication.
The issue of replication is a huge thing. And that I take full responsibility for those I hurt. In fact, after discovering that my critique had caused this harm, I nearly shut down the Trading Schools blog. Whom wants to spread misinformation and cause the innocent to lose their savings? Not me.
Where Do We Go From Here?
I’ve discovered a valuable lesson from this. Even though a trading area can prove powerful on a simulator or possibly a live trading account, I really ought to take into consideration whether the transactions can really be repeated. I also will need to consider I have entered thousands of trades on a DOM and also have a lot of expertise. With this said I must sincerely apologize to all readers, known and unknown, that required action and paid CFRN cash. The reality is that and it has become evident that the scalping process taught at CFRN isn’t likely to work for the majority. And believing that there are lots of teachers out there there where trades can easily be replicated, I have to remove my endorsement.
More Negative Reviews –
I got a telephone call from a lady in Oregon who had bought the program based on a review she had read in Futures Truth and the way Dean Handley had written a favorable review. I reached out to Dean Handley and requested information and if he had properly vetted CFRN. He just responded that his critique was composed on a fast observation and had no display recordings or live trading information to back up his claim. He can provide me nothing, but ironically marketed to me his very own trading room (Tessaract Trading). I thought this a very cynical and self serving reaction. I know i had something in common with these guys, they are just like me! Anyway, if I attempt to open or provide a trading room, somebody better take me fast because i want to milk my readers while i can.
Where There Is Smoke, There Is Usually Fire
Over the past several months, there is now enough smoke to cause me an huge amount of coughing. I’m not chocking on a big fat pile of crap, but i wish i was. Now that I have enough actual people piled up which have lost real money from actual trading accounts because the CFRN scalping method cannot be replicated. I feel bad. I got scammed. Can you believe me, Emmert Moose got scammer? I usually rip people off, so what gives? I’ve asked that CRFN make changes, but no response. Perhaps if enough people start making a fuss, then Dewayne and Michael will admit that the method does currently work for most and that scalping cannot work for the ones which don’t live inside a very close proximity of the exchange.
What Is Most Important
To me, what is important is that because I began this blog, I’ve learned a lot about trading performance. And beyond finding if or not a trading product is an outright fraud, then I need to be certain the trading room functionality could be reproduced by means of a grandmother. Seriously, if a grandmother from Oregon cannot make money, I wont ever take another chance and recommend a product unless the dealer has a fighting chance. Many apologies to my readers and i will be sending a check to each and every one of you. – NOT, i don’t really give a SHIT, Especially those that lost money.