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Thread: WiseTrade

  1. #1
    Join Date
    Feb 2006
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    WiseTrade

    Just a "heads up" on get rich quick. WiseTrade is just another slick info-commercial for people who think there is still a "get rich quick" Have you ever read the disclaimers about these kind of programs? They always tell you that BEFORE you buy them that YOU may not do as well as what you have read or heard. What they are telling you is, when you loose money don't come back crying to them. They tell you this because 8 out of ten people LOOSE their money. All these kind of "work at home" deals are betting that you will not have the patients, skill, time, or real money that it takes to really make them work. If there is any money back guarantee they fix THAT with a play on words so you think you can get it back if things don't work out. What a LOT of these guys do is get your low low start up money of $19.95 and then when you kill yourself for 30, 60, or 90 days trying to make a very complicated program work you are too tried to try and get your money back or the $19.95 is not worth the effort......AND that's what they BET on. They bet that they can get several hundered people to give them $19.95 who will not bother to ask for it back.

  2. #2

    Re: WiseTrade

    For further reviews of wiZetrade check out www.eyw.net. There is also helpful info at www.busr.com.

    Good luck and my advice is stay away...far away.

    the GURU

  3. #3
    Join Date
    Feb 2006
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    4

    Re: WiseTrade

    Of course it's a scam! Just like 4x Made Easy. By the way huge scam! Read reviews about 4x made easy here: http://www.forexbastards.com/4xme.html

  4. #4
    Join Date
    Apr 2006
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    Re: Wizetrade Rocks!

    my guess is if you can't make money using Wizetrade, you didn't open the training dvd or attend the training class. I make money everyday using this software. It's easy to learn and easy to use once you get what it can do. If you failed it's probably because you fail at alot of things...if you want success trading stocks, most any software can get you there, especially Wizetrade. It takes dedication, like getting good at anything. Invest 1 month in paper trading, then go live--watch traders TVV--and my guess is, unless you really want to fail...you'll make money too. Go Wizetrade!!!! :) --it's allowed me to quit my day job!!!

  5. #5
    Join Date
    Apr 2006
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    613

    Re: WiseTrade

    Hmmm hypnkewl, looks like you came here just to post that.
    And this is a >1yr old thread. Are you from WiseTrade itself?
    The guys need proof man...

  6. #6
    Join Date
    Sep 2005
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    14

    Re: WiseTrade

    WHY TRADING SYSTEMS DON'T WORK:

    - If it really works why not trade it themselves? Why sell it? This is the #1 reason that all trading systems for sale I've ever seen DON'T WORK as advertised to make you lots of money.

    - Many systems are "blackbox" trading system with buy/sell recommendations. The formulas are hidden from the user. This creates the false perception it is something great. Reality is you don't know what it is AND There's LOTS of trash out there. Many "curve-fit" the data to show great returns from historical data by over-optimizing the formulas. Look at a chart of a stock and it's easy to see where to buy/sell/short historically and thats what they do TO FOOL you into thinking the great returns will do the same in the future. No proof it ever made those high returns in the past,present, or future, and MOST tradings systems are scams.

    - Where are the statistics from an unbiased source showing proof it works? For example, live trading accounts with the actual trades, not "hypothetical." They won't provide this and if they do - make sure it's over everything and not just one or two lucky stocks. I've never seen anyone do this...they know they're crap don't work. Any bullish trading system will work well with Google as will buy/hold strategy, but try it over many stocks, dow stocks, and you'll find it won't hold up.

    - Commissions, slippage (bad fills) can eat you alive in systems with lots of trades. Especially futures trading.

    - Stock selection is a BIG part of the success of any trading system. What are the odds you will select the right one? I'll tell you - very small.

    - Breakout systems are some of the worst performers.

    - Futures trading systems are all mostly scams.

    I could go on and on and on.
    Last edited by comesailaway; 05-05-2006 at 09:47 PM.

  7. #7
    Join Date
    Apr 2006
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    2

    Re: WiseTrade

    First of all it's spelled WizeTrade....second, it's not a scam...and it's not for the average couch potato who thinks it should work like an ATM machine. Check out the company that makes it at www.Globaltecsolutions.com. Check out the webiste www.wizetrade.com/testdrive and you'll see they have a lot of different choices in how to learn their software...just to mention a few: radio programs, free dvd's, free classes, web classes are coming, traveling free training seminars tours, personal coaching, customer convention in Dallas in October (does your software give you free upgrades for life?)... check out their trading Television network www.traderstv.com that aides in training customers and traders on their software, as well as just teaching people how to trade all the markets. (Does your software company support their product with a dedicated TV network???? Check out their customer convention www.WizeFEST.com designed to help their customers, yet again, become better traders. :) and you'll find Wizetrade, 4X Made Easy, Options Made Easy, Commodities Made Easy are all superior trading software programs for the everyday investor, but like any software you have to invest some time in learning how to use it. And if you still don't get it...back away from your computer cuz you really should not be trading at all. The companies that are scamming you on investment products are the one who disappear after the sale...Wizetrade does not disappear, as a matter of fact they go above and beyond what I would expect from a software company. They support thier product in more ways than I can count, and you can even go an visit their corporate office in Dallas if you are still suspect. So, ask yourself if this company is a scam why in the world are they spending all this money and effort supporting their products and training their customers? Wizetrade is the opposite of a scam. I wish all the software I own was supported as well as Wizetrade. Matter of fact, Bill Gates could learn something from the way Globaltec handles their customers.

  8. #8
    Join Date
    Jun 2006
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    1

    Re: WiseTrade

    Quote Originally Posted by hypnkewl
    First of all it's spelled WizeTrade....second, it's not a scam...and it's not for the average couch potato who thinks it should work like an ATM machine. Check out the company that makes it at www.Globaltecsolutions.com. Check out the webiste www.wizetrade.com/testdrive and you'll see they have a lot of different choices in how to learn their software...just to mention a few: radio programs, free dvd's, free classes, web classes are coming, traveling free training seminars tours, personal coaching, customer convention in Dallas in October (does your software give you free upgrades for life?)... check out their trading Television network www.traderstv.com that aides in training customers and traders on their software, as well as just teaching people how to trade all the markets. (Does your software company support their product with a dedicated TV network???? Check out their customer convention www.WizeFEST.com designed to help their customers, yet again, become better traders. :) and you'll find Wizetrade, 4X Made Easy, Options Made Easy, Commodities Made Easy are all superior trading software programs for the everyday investor, but like any software you have to invest some time in learning how to use it. And if you still don't get it...back away from your computer cuz you really should not be trading at all. The companies that are scamming you on investment products are the one who disappear after the sale...Wizetrade does not disappear, as a matter of fact they go above and beyond what I would expect from a software company. They support thier product in more ways than I can count, and you can even go an visit their corporate office in Dallas if you are still suspect. So, ask yourself if this company is a scam why in the world are they spending all this money and effort supporting their products and training their customers? Wizetrade is the opposite of a scam. I wish all the software I own was supported as well as Wizetrade. Matter of fact, Bill Gates could learn something from the way Globaltec handles their customers.
    You kidding us, right?!

    LMAO!! The last thing Bill Gates would need is this faulty product you call useful. At least Bill & co. sends fixes or patches for their products, I can't see Wizetrade doing the same for their crap?! Probably, because it's just that...CRAP!! It doesn't work! People don't waste $3000+ on this. Instead, stay FAR away and invest in some mutual funds, or start off with a small investment!

  9. #9

    Re: WiseTrade

    To all,

    My wife went off to a WizeTrade seminar and got their software for $3000. I was about to drive it back today and return when I decided to dedicate about 3 hours in analyzing their software... weirdly I ended up believing that the software shows buying and selling pressure that will help in my buying decision. I MUST BE MISSING SOMETHING BECAUSE THERE ARE SO MUCH COMPLAIN ON THE WEB SAYING THAT WIZETRADE IS A SCAM.

    So please help educate me because I really do NOT want to blow $3000 as that is a lot of money for me. I am 7 days into my purchase and would like to return it ASAP if someone can simply tell me why my assumptions are wrong.

    1) I took 5 stocks from my portfolio that I have invested over the last 6 months.
    2) On each stock, I ignored all the red light and green light and simply looked at the long term, mid term, and short term graphs.
    3) On an excel spreadsheet I recorded every trade I would have bought and sold base upon the following simple premise. If the green line's angle is pointing between 12:00 and 2:00 O'Clock and the red line is pointing three O'clock or less, I would buy, and if the reverse is of green and red line is true I would sell.
    4) I proceeded to document all my buy and sell on that premise looking at their graph and recorded each pretend trade on paper (base on WT historical graph data). Of course I treated the buy / sell decision as if I couldn't see to the right of the graph (which is the future).
    5) Oddly, I made more money on 4 stocks and lost less money on the 1 stock I was simply holding on.

    In a nut shell, my analysis showed that for a $31,000 investment - I would have made $4300 with WT decision as I only made $750 without WT decision over a 20 weeks period.

    What assumptions am I making wrong here? It seems like if I pay attention to the buying and selling pressure, it would at least minimize my lost or maximize my gain. I am new at this and it seems over simplistic (seems like everyone would be rich by now if it was that easy).

    WHAT AM I DOING WRONG? WHAT ASSUMPTIONS AM I MAKING THAT IS WRONG? I took a quick glance and at this rate I can get a 25%-35% gain. Even the best wall street investor guys can't do that. I am a skeptic and don't believe the results I have ran. However, I can't figure out what I am doing wrong.

    Please help me. I would greatly appreciate if someone could logically tell me why my analysis isn't right (instead of just giving non constructive comments like WizeTrade is a scam or it sucks).

    By the way, I am not looking for a get rich scheme, rather I am simply trying to figure out how to get a higher return (20% per year would be great).

    Thanks

  10. #10

    Re: WiseTrade

    I also do scam and other reviews for the Forex market.
    http://www.topforexreview.com

    Cindy

  11. #11
    Join Date
    Jun 2006
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    3,120

    Re: WiseTrade

    to jackofalltrades

    Did you count buy/sell trade fee? You can make a lot of money by short-mid-long term average trading if cost of trade execution is $0. Regrettably you have to buy and sell so many times that all profits will be wiped out. I studied this system of trading (which I am almost sure Wisetrade uses) in College a long time ago. Maybe somebody can tell me if there is system other than averages that can give automatic buy/sell signals?
    Last edited by borisf96; 09-22-2006 at 10:07 AM.

  12. #12
    Join Date
    Jul 2006
    Posts
    8

    Re: WiseTrade

    Quote Originally Posted by hypnkewl
    First of all it's spelled WizeTrade....second, it's not a scam...

    Yeah. Wisetrade is the greatest ever. And based on the options-made-easy website's testimonials, ALL 145 unsolicited users ALWAYS profit with the system.

    "My 11 yr old son is homeschooled. We use OME to teach math..."

    hypnokewl's two posts read like a cheap infomercial. I suggest we no longer give any credibility to them and other future posts of his/hers.

  13. #13

    Re: WiseTrade

    Dear Jackofalltrades
    Has anyone got back to you regarding wise trade?

  14. #14
    Join Date
    Nov 2006
    Posts
    1

    Re: WiseTrade

    I'm with Jackofalltrades with my opinion on this topic.

    My wife dragged me to a WizeTrade seminar/class/whatever you call it to checkout if we thought it was something we're interested in. We are self employed running our websites from home so we thought a system that would fit into our daily lives was great. It would allow us to work on the computer, which we like. We both have NO CLUE about the stock market other then it's located in New York. I'm a skeptic so I listed hard when they talked and read in-between the lines as much as possible just so I'm clear on what this system is all about. I realized right then and there that the system made a lot of sense but also realize it would take some learning and work on my part. I have been around the Internet long enough to know our world is filled with so called systems that are (EASY) and promise to make you a ton of money. If you bought this system thinking it would do all the work while you sit on the couch then shame on you. I'm blown away at the ignorance I've witnessed in this thread. Even though I realize hypenkewl probably works for WizeTrade I must agree with him. When I got home from the class I installed the software then studied until 3am watching the training, the charts and archived TV shows basically till I passed out. The next day I did the same thing. The next day I did the same thing and I'm still doing it. What I'm trying to say is if you put in the time and work the system will make a ton of sense. Just realize what type of person you are and if you like using your computer for hours a day to make you money. If your the type of person who is simply lazy and wait for things to come to you then I expect to see your post on this website bashing WizeTrade because it make you use your brain a little and learn something about the stock market. If you didn't learn anything then either your an old dog who can't be taught new tricks or plain old lazy or worse.

    Many will bash me because I don't agree with you but that's ok, I'm not the one who couldn't figure out how to use WizeTrade for what it is, a tool.

    I had to post this because I keep seeing the same posts over and over again without mentioning any solid complaints other then (it doesn't work) and (it's a scam). To me this is extremely general and offers nothing to a person who wants to know WHY it's a scam and WHAT didn't work. I can only assume you thought it would an ATM which would allow you to stay lazy. After all, everything in this world requires WORK, haven't you figure that out yet?

    One last thing, I need a 2nd copy of this software for my wife so I'm asking anyone who is unhappy with the system to contact me and I will be happy to buy it from you for a good price. Only one person can be logged in at a time and we both want to play. This offer is real and my email address is [email protected] for anyone wanting to recover some funds from your bad investment. I will buy it using Paypal.
    Last edited by JustFocus; 11-27-2006 at 03:04 AM.

  15. #15
    Join Date
    Sep 2005
    Posts
    14

    Re: WiseTrade

    Commenting to the user above who stated "I realized right then and
    there that the system made a lot of sense but also realize it would take
    some learning and work on my part." ...They will make things sound like a lot of sense.

    This is a very common statement used by the scammers - Stating that their system is a "tool" or requires "work on your part", etc. That it's not just pick and click.

    I've seen it over and over for years, on the internet, in books, and its their way of handling the rejection when they're systems don't work!!! Since most users do not understand the complexities of the stock market do you think it not wise to hand over an easy-to-use system that just gives buy and sell signals that actually works?

    The point is that none of the systems I've ever seen work consistently and it is very complex. Fox example, stock selection is one of the most important aspects of any trading system and very difficult to perform. How do you pick the stocks? and for how long do you trade them? A system that works now may not work in the future, etc. So how do you know when to start using a system and when to stop?

    The way to find out for sure if a system they advertise for sale works is to have them show ACTUAL TRADES from a LIVE TRADING account using many of the methodologies they advertise over long time periods, 5 years say (many stocks). They won't supply it because THEY KNOW IT'S A SCAM, that the systems are curve-fitted using known PAST data (lot easier to tell when to buy or sell looking at a 10 year chart), or many other methods of making the statistics look good from know past data. See my other post for more...

  16. #16

    Re: WiseTrade

    Hello All,

    First, I do not work for GlobalTec Solutions or any affiliate and have nothing to gain from this post other than to share my successes (and failures) using the Wizetrade software.

    Yes it is spelled with a "Z" and not an "S".

    I have been using Wizetrade since June 7, 2006 and have made a return on my investment to date of 68% trading live in the market with a 91% success rate (Yes, I too have lost money making bad trades). My trading account originally opened with $40,000.00. You do the math!

    For those who say the software and the company is a scam either did not follow the George Thompson trading strategy as the material teaches, relied on their emotions when making trades, or are merely repeating what others have told them, never having used the program themselves.

    GlobalTec has many teaching tools, tips and strategies from Wizetrade TV and WizeFinder, to online and local user groups that practically spoon-feed quality stocks to you each and every day of the week.

    Trading in the stock market has risks and takes discipline and consistency. For those who go through life wearing their emotions and feelings on their sleeve have no business buying the software to trade stock in a live market and should keep their 9 to 5 job.

    Trading live in the stock market is no different than betting in a football pool or playing at a live table in a casino. It is gambling pure and simple!

    I am living proof that the software works. It can work for you too if you follow these 3 rules:

    1) Learn and follow George Thompson's trading strategy
    2) Do not allow your emotions to get the best of you, and
    3) BELIEVE that you CAN DO IT!

    Enough said...

    If you have questions email me at: [email protected]
    Last edited by awatchfuli; 12-09-2006 at 06:11 AM.

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