[David Waring]

If you have visiting any trading sites recently I am sure you have seen ads for doublingstocks.com also referred to as stocksoars.com or Marl the Trading Robot. In the ads and on the site they tout "The First Commercially Available Stock Trading "Robot" Which Earns $346.77, Per Week (Managing $1000 Capital).

Hopefully, if you have been watching my trading videos, you can quickly judge for yourself what an advert of this type is but just in case lets take a quick look at the facts.

Firstly $346.77 per week on $1000 in capital is a return of 34.7% a week on your money. If you then multiply 346.77 by 4 to get the approximate monthly earnings on 1000 you would get $1387 which represents an approximate monthly return of 139%. If you then multiply 346.77 times 52 to get the approximate yearly earnings you get $18032.04 which represents an approximate yearly return of 1803%.

As you hopefully understand from my video on reasonable profit expectations, what doublingstocks.com aka stocksoars.com aka Marl the Trading Robot seems to be saying here smells a bit fishy....no more so than that I will say it smells like all the water in the ocean was drained, the fish were gathered up and put in one big pile and left to rot for a month.

I have not traded their program as I don't have to to know for myself what this is and I hope you can see it too. If you still need more convincing however then see below:

"DoublingStocks -- The Affiliate Program!" - this is the link for the affiliate program signup which you can find by going to the bottom of the doublingstocks.com or stocksoars.com site and clicking on the affiliates link. For anyone who is not familiar with what an affiliate is it is a program whereby you create a product and then recruit other people to sell it, paying them part of the proceeds from the sale and you keeping part of the proceeds.

Now the great thing about a digital program is that there are no shipping costs or material costs for the product so the revenue earned is often times almost 100% profit. With this in mind think if I created a system said that it make 1000% a year and put ads for it up on my site and then recruited other people to sell it. I could probably sell a lot on my own and probably recruit a lot of other people to sell it so I would make some good money don't you think?

Need more convincing?

Doublingstocks.com a Stock Promotion Scam | One World Income

Comments and Questions welcome as always.

doublingstocks.com is a "pump and dump" scam that gets newsletter subscribers to invest in a penny stock tip they send out via e-mail artificially inflating the stock...the doublingstock people buy the stock before they send out the tip and sell when it is high making a bunch of money for themselves...they also get paid for promoting the stock...recently, according to the disclaimer at the bottom thier web sit, doublingstock received $125,000 from an unknown source (obviously someone making big bucks on the rise and fall of the stock)...they do not answer e-mails and their supposed USA address does not exist...

[pan]

if greed is a large factor in why traders 'blow up' their accounts quickly, these kind of sites are pandering to that emotion.

i signed up to a course that cost me $100 at the end of February.i didnt know anything about trading at the time. it was recommended and it did teach me some basics. it was worth the money. but then an email from the company came in that promised if i bought this other guys course for a similar amount it would deliver all kinds of unrealistic % return on my investment.

thats where our professional relationship ended.

from my research, these websites have a similar selling style.

1. you scroll down, its all one page so they don't lose you by you clicking and moving around.

2. they normally have, a buy it before the offer is gone, and never to be repeated. [i have done follow up research to this after 3weeks, only to find the offer is still there]

3. they are emotive driven; they tell you of an experience that they had that kept them from making any money in the markets and then go on to tell you how to avoid their mistakes and how you can make money in the markets by following a few very simple rules.

4. they sell to you like they are your friend.

5. one other thing, is that they all have testimonials from people who couldn't be happier. some of these happy people have links to their own websites. and guess what their websites are about? thats right! they too are selling you a similar 'get rich quick scheme' the first guy is selling you and guess who appears in their testimonials? again right! our first guy. incestuous?

up until the time dave sends me an email that tells me some guy up in the mountains has been meditating for 20 yrs and has created a 100% win system by using the 'scooby doo' oscillator. i'll stick with informedtrades and whatever else involves learning through education.

best wishes pan

[David Waring]

Originally Posted by pan

if greed is a large factor in why traders 'blow up' their accounts quickly, these kind of sites are pandering to that emotion.

i signed up to a course that cost me $100 at the end of February.i didnt know anything about trading at the time. it was recommended and it did teach me some basics. it was worth the money. but then an email from the company came in that promised if i bought this other guys course for a similar amount it would deliver all kinds of unrealistic % return on my investment.

thats where our professional relationship ended.

from my research, these websites have a similar selling style.

1. you scroll down, its all one page so they don't lose you by you clicking and moving around.

2. they normally have, a buy it before the offer is gone, and never to be repeated. [i have done follow up research to this after 3weeks, only to find the offer is still there]

3. they are emotive driven; they tell you of an experience that they had that kept them from making any money in the markets and then go on to tell you how to avoid their mistakes and how you can make money in the markets by following a few very simple rules.

4. they sell to you like they are your friend.

5. one other thing, is that they all have testimonials from people who couldn't be happier. some of these happy people have links to their own websites. and guess what their websites are about? thats right! they too are selling you a similar 'get rich quick scheme' the first guy is selling you and guess who appears in their testimonials? again right! our first guy. incestuous?

up until the time dave sends me an email that tells me some guy up in the mountains has been meditating for 20 yrs and has created a 100% win system by using the 'scooby doo' oscillator. i'll stick with informedtrades and whatever else involves learning through education.

best wishes pan

Hi Pan,

Thanks for the post I think that is a very accurate description of what I have seen a lot of as well. Unfortunately I think many people like pitches like the above rather than when people give it to them straight but I do think that a lot of people also appreciate straight talk which is one of the major goals of this site.

So far it seems to be attracting interest and with the help of people like you hopefully that will continue.

Best Regards,
Dave

A definite scam! Wont come through on his promise to refund your money. He just stops responding. I recieved one stock pick after eight weeks and the one I got was for UOMO media, and it went nowhere. I asked if I could send a cheque, and was told to send it to this address:

12 Well Ridge Close
Red House Farm
Whitley Bay
Tyne and Wear
NE25 9PN
United Kingdom

there is no FL or WA office.
Report this site here: https://complaint.ic3.gov/ctf.aspx
and to the Better Business Bureau.

Dont waste your money on this one, Doublingstocks does not deliver.

[Shootanappleoffmyhead]

My philosophy when assesing services like this is if there's a question, there's your answer.

update: I just found what might be one of the most gut busting opening statements on this website. Wait for the page to load, then listen to what he says in the little video at the bottom right of the screen. LOL....!!!!!!!!!!!

Automated Forex Trends Analysis Program | Forex Auto Pilot Forex Trading Signals Software System

[daniel_asimov]

David:
I haven't forgot about the review for Elder's book "sell & sell short" just got a busy week.

Dee:
Thanks for sharing that site... From now on I will be complaining about scam sites.. Not fair people stealing money from other countries where they can't be prosecuted for fraud. I hears terrible stories (no mean to offend anybody) Nigerian Scam sending emails asking for immediate action for free money.

Apple:
The website you gave was Hilarius!!! Specially the F-15 fighter plane (possibly in autopilot) had to see it to believe it.. it made me laugh so much that it made my day... the spreadsheet.. all numbers in green (naturally,,, it's autopilot after all,, can't go red with it) and the best thing was... when i try to close it.. Millions of windows asking if I'm sure of closing that window.. LOL (with capital letters)

Pan: If you meet the guy coming back from mountains after 20 years.. let me know.. I also want to know what is the scooby doo oscillator.


Good weekend everyone.!!!

-Daniel

[Airelon]

Last I had read, some people had taken apart the source code on "Marl" there, and found it was nothing more than a nonsense random generator of select penny stocks.

Oh yeah.

[electronicmaster]

Hi

I'm a noob in both trading or investing. Currently I have a investment account thats giving me 7.25%pa calculated dally (paid monthly) while I study and paper trade the ASX share market.

Reading this thread is a godsend to me. I have seen a lot of promotional stuff here in Australia about trading e-minis. The courses can cost between $2000.00 - $7,800.00 <-- thats a lot of cash. But they say that you can make $500 - $1000 trading in 30 minutes (must be more than one trade at a time?).
UPDATE: Its was per night not 30 minutes

Most e-minis promotion's I've seen tend to clam that you can make your money back in 3 - 4 weeks or so. And the funny thing is, they use web based trading rooms that also has VOIP. I have never seen that before.

In those trading rooms they have a mentor (a really good day trader) that tells you when to go long or short and by how many points. All you have to do is click buy or sell. So its not (or is) a "black box" system?

I will never go and spend money on that stuff myself, as it can't make me a real trader (well thats what I think). It will also eat into my own capital that I won't have if I do go off and to do it.

They also offer low commissions @ $2.50 in and $2.50 out ($5.00 total) to trade any(?) index.

Anyhow, getting back on track. Is that also considered a scam as well?

And I have also learned that there are trading groups of rich families and family friends that are under the so called code of silence. They get together and teach and support one another the "so called" trading secrets. Perhaps thats another topic.

Sorry about the long post. I am just so new at this game.

UPDATE:

This is the site e-minis global, and after doing more searching around, I found that it is part of this tradelabinternational site (it has a video preview of what I was talking about).


Digging deeper I found the actual trading room hosted by omnovia

[David Waring]

Hi Electronicmaster,

Glad to hear from you and welcome to the community.

I am not personally familiar with the websites that you have mentioned below however the thing that jumps out at me right away when looking at their homepage is the following statement:

"How investors can make $500 to $1000 a night starting with less than $2000"

While, with the full use of the leverage provided in the futures market, it is not impossible to make that much on a trade with such a small amount of capital. With this being said I think most would agree that it would be imprudent to use such a large amount of leverage, and if one did consistently making that type of money with such a small starting balance is very unrealistic.

So with this in mind while I don't know if this product is a scam, I would be highly skeptical of anyone who states what I consider to be a lie as part of their main marketing pitch.

Hope that helps. If there are any other questions or comments please feel free to post as always.

Best Regards,
Dave