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From: http://answers.yahoo.com/question/index?qid=20071228203505AAlJyT7

Forexsocial said:

“Is Forex Peace army and forexbastards.com a SCAM ?

Why would one so called guru need so many forex sites ?

Forexbastards.com | Kingforexsignals.com
Secretnewsweapon.com | Secretforexsociety.com
Forexfreedom.com | Forexdiamonds.com
Forexpeacearmy.com | Forexpeacearmy.org forexpeacyarmy.com are all these site run by a man who knows nothing about trading im starting to think yes ! its all a scam , now i see Dmitri Chavkerov on cnn tv as a con artist and scam !”

James G said:

“TOTAL SCAM ! I LOST MONEY WITH THIS GUY, he just got busted for online fraud by the FBI and other federal agency its in his nature to defraud and pretend to be what he is not. he was found in a tiny apartment , and his financial record reveal he lost most of his small account in trading years ago and almost all of his saving was from sales not trading, proof again he is not a real trader just another sales man selling dreams to new traders looking for hope ! i would not give this fool another penny of my money ! he lies about everything and hides the truth, there are way better alert service company’s out there real alert services companies. i give this fraudster a big fat ZERO. he owns a ton of web-sites a classic scam tactic to flood a niche market with your web-sites so no matter what you buy it will still be from the same vendor what a sham !
Source(s):
the arresting agent [William James Cunningham ] Documentation of the current case can be found at:

http://www.ice.gov/pi/news/newsreleases/articles/071129losangeles1.htm”

fxwilliams said:

“I have always suspected he was not a real trader , and never trusted his reviews there is a company he list as a scam on his site i have used them for almost 1 year and they are nothing near a scam more like a 5 star rating which was a red flag he was not trying to help people make an informed decision . he was just pretending to be a trader and sell his wanna be alert service. i read the original FBI police report. and they found this illegal “RENTING” a tiny small 1 bedroom apartment. in a run down part of the city that hardly sounds like a successful forex trader to me ! and further digging i found he has more pending legal action on numerous offenses. this guy is the real deal in scam-con artist! he pulled the blinds or many eyes and tricked countless newbies. telling him he would protect them from scams when he was the main con-artist. very ironic.”

mark mc donnell said:

“the only thing is that they give themselves 5 star ratings and other people get thrown under the bus. i have a 4 star rating on forexbast….. and i still dont trust them. there is no problem resolution feature for anyone who has a genuine issue anyone can say anything without substantiation.

good trading
mark mc donnell
www.forexearlywarning.com”

forexwhite said:

“YEP ! TOTAL SCAM ! CLAIMS HE HAS THOUSANDS OF MEMBERS MORE LIKE THOUSAND OF GULLIBLE NEWBIES. that are new to forex and do not know better !

word of advice to newbies don’t fall for his bogus review sites and claims he says he protects you from scam HAH-HH-AA He is the scam. he left that part out he is new to forex trading and blew his account we have all seen his account statement the guy can’t trade to save his life , then why would you waste your money on his garbage ! lol a sucker is born every minute and 2 suckers try to learn forex every second.

http://www.pipwizard.com/forexbastards.htm”

Hank L said:

“i have always know this guy felix / dimitry of forex peace army was full of sh1+ since day one ! he used to sell forex affiliate programs for a few dollars of profit each i guess that was not working well, so he started making up b.s product i guess he got lucky on one of them and realized other newbies would believe his hype if his web-site looked slick enough. His Arch Enemy is Central Pips ” a legitimate trading group i’m not sure why but he has hated them since day one, they where investigated because of his b.s and the cooperated fully and the conclusion was they where 100% legitimate but dimity still leaves negative **** about them on his site and has used his site to attack the crap out of them. even tho they where proved innocent, he even posted up some mug shot of some black guy , well ain’t that funny cause we all now have a mug shot of his criminal girlfriend & him ! i cant wait to see them both deported out of this country ASAP. now that we all know where he lives ! ”

Who has more comments please add!!!!

It is too easy to write bad reviews about cometitors and selling products at the same time, that is what they do! Thanks.

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Hello folks,

If you wish to watch the video, just click on it, and then click on “play” icon.

YouTube – Forex News Day Trading Signal – 10/17/07 Close
2You need to upgrade your Flash Player2
Let’s first review what happened on Sunday, Monday and Tuesday.

On Sunday we had the New Zealand CPI. The expectation was 0.8%, and if you watch the video, I said if the expectation was 0.6% or below, NZD/USD may possibly go down by 40 pips or more in the first hour of the report. As you could see, the CPI came out at 0.5% which hit my sell trigger. NZD/USD opened at around 7787, and then it went down within the first hour to 7726 so it was about 61 pips move. That was a pretty smooth move, and there was a quite few after spike opportunities. I know some brokers such as MBTrading were closed at the time of news release so this could prohibit some people from trading this report. I am pretty sure that whoever was able to get in, did made money on this report. Unfortunately, although the video with my signal was recorded before the news, the actual link has been sent after the news release, and I apologize for it.

Then today we had UK CPI y/y. I told you if it comes out at 1.8%, we may see GBP/USD going down by 30 pips or more in the first hour of the report. It came out at 1.8% so it hit my trigger; however, the core CPI came out way lower so obviously the move was much bigger. You have to look at these things if you trade news as I cannot predict everything. We saw GBP/USD opening at 2.0387, and within the first 20 minutes it hit 2.0320 so it was about 67 pips move. There was a nice retracement that gave a good opportunity to enter after the spike. I hope you made a good money on this.

Then we had Manufacturing shipments at 8:30 a.m. New York time. It did not hit my trigger as it came out -1.7% so that was a no trade.

Let’s now talk about what is going on tomorrow.

1. Wednesday, October 17th, 2007 (4:30 a.m. New York Time) UK
On Wednesday at 4:30 a.m. New York time we will have BOE minutes coming out. I think nothing will happen during this minutes. This time the vote is totally not important. If the vote was 9:0, 8:1 or 7:2 when they did not raise the rate last time, it does not make any difference now. What we want to look at is for any comments or any discussions of a possible cut. I don’t think last meeting was early enough for that but if in the last meeting there was at least one member who voted for a rate cut, or anything mentioning about the rate cut, then GBP/USD may possibly go down by 50 pips or more in the first hour of the report. If nobody mentioned anything about cuts, I would skip this indicator. This month (today) the inflation did read very low so most likely there is going to be a talk about rate cuts during next meeting. Two weeks ago probably there was not enough data that would warrant such discussion (a possible rate cut) but if someone voted for a rate cut, then it would be a sell on GBP/USD.

2. Wednesday, October 17th, 2007 (8:30 a.m. New York Time) USA
Then at 8:30 a.m. New York time we will have U.S. CPI and Housing Starts. Most economists expect that CORE CPI will read either 0.2% or 0.1%. The Core CPI is the most important indicator here; however, housing starts can be even more important if the deviation is big but usually it does not deviate that much. If the Core CPI reads 0.3% and there is no big conflict with housing starts, GBP/USD may go down by 50 pips or more in the first hour of the report. On the other hand, if core CPI reads flat, 0% or negative and there is no big conflict with housing starts, we may possibly see GBP/USD gaining 50 pips or more in the first hour of the report. Also, if the CPI is steady and the housing starts will come out at 1 M or below, GBP/USD may possibly go up by 50 pips or more in the first hour of the report. On the other hand, if the housing starts comes out at 1.5 M or above, GBP/USD may possibly go down by 50 pips or more in the first hour of the report – because that would signify some recovery on the housing market. I would not trade the spike on this one; instead, I would wait and see the numbers, and then make a trading decision once all the numbers are released. You can use ForexBastards calendar to get the numbers; they will be 10 to 15 seconds delayed but you do not need them the same second unless you want to trade the spike. Wait for the retracement, and then try to enter within about 15 to 20 pips of the prerelease price.

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