i did not like te james 16 group ! Unfortunately I was very disappointed with the private forum, it contains the exact same info as the Forex Factory thread. Price action is not a new concept instead of paying $100.00+ a month you can simply Google price action and learn the same info for Free. For the price I was expecting some updated or Fresh material. It seems like when James was in the Private forum all he did was whine a lot about how some person sent him a nasty email and he needed the PF members to stroke his ego and say how great he was. Frequently the emails received were sorry for my absence I took a quick trip to such and such place blah blah blah it was great. (always vacationing)
Lets use some common sense here, when I was a member I believe there were 1200 members, so if you stay a year you are a lifetime member and don't get charged after 1 full year of paying $129.00 I don't know of many people that are lifetime members. Lets say 200 are lifetime members and 1000 are new. 1000 members x $129.00 = $129,000.00 per Month! That is a lot of coin, now multiply that by 12 months. 12 months x $129,000.00 = $1,548,000.00 per year. Now if you were making that kind of money would you even need to trade? I understand there are costs involved however I have ran many websites and the cost is really minimal especially if you are pulling in that kind of money. You know how the saying goes "Those who teach can't"
If you are a good trader why do you need me to fund your effort? That does not make sense, but it tells me you make more money selling your system than you do trading.
Don't get me wrong I am not saying James is a bad guy or a scammer at all. I think he is a decent person with good intentions. I just think $129.00 a month is quite steep for info. you can easily find for free. I do question if he makes a living from trading or from the James16 website. At any rate I personally would not waste the money. |