CHRISTIAN FINANCIAL RADIO REVIEW
It seems the best way to deal with the trove of misinformation published by Emmett Moore of Trading Schools, is to eviscerate it with words of TRUTH... living, and active, sharper than any two-edged sword, piercing even to the dividing of soul and spirit, both joints and marrow, allowing you the reader to discern the thoughts and intents of the heart. I'll start at the beginning and work my way through to the end. Point by point.
I should point out that in the original review, Mr. Moore admitted to using aliases, fake names and other manner of subterfuge to spend 30 days in our Live Trading Room. As stated we offer a 5 Day Free Trial. Each day beyond that spent in our Trading Room was in violation of our terms of service. His actions break both state and federal laws... and is blatant theft of intellectual property for which there is no excuse.
Review Statement: Traded markets, in particular Natural Gas and Soybeans cannot be replicated.
Rebuttal: Yes they can. Come to our Live Trading Room any trading day M-F and we will show you with Live Charts in Real Time how our method works. Traders and Training Firms can work magic with Camtasia and Photoshop. One thing you can never fake though... is a Live Chart. That's what we use Every Day in the Live Trading Room - Live Charts!
Review Statement: On Christmas Eve, December 2014, I wrote a highly positive review of theChristian Financial Radio Network. Of course, I am always really careful about posting a positive review simply because I know that a lot of folks will rush out and spend thousands of dollars on the product. In addition to purchasing the product, I have to consider that a person is trusting that my information will be valid for them. I take this responsibility very seriously.
Rebuttal: Our server records reflect no such flurry of activity. No one according to our records, read the article and rushed to buy the Mentoring Program. There was however, an uptick in the number of Google Adword Ads that appear on his site next to our review. So even though we saw no increase in conversions because of the review, the review did create additional revenue for Emmett and/or his site. Perhaps that was sufficient motivation to begin with and as you will see... is an article which provides no service or benefit to the reader, be he or she... an advanced or struggling trading student.
Review Statement: On February 2, 2014 I received an email from a person trading out of Switzerland. They explained that based upon my positive review, they had spent $4,000 for the trading course. They then began paper trading as recommended by Dewayne. After a month of paper trading and copying approximately 85% of the trades called with the trading room, they decided to begin trading with a live trading account.
Rebuttal: That is not the price of our mentoring program (huge red flag). We do not recommend "copying" trades in the Live Emini Trading Room. The purpose of the Live Room is educational in nature. It was never designed to be a source of income. This is purely a learning environment where the student has the opportunity to "Learn How to Trade". The rules are: Watch, Listen, Learn and Ask Questions for 2 hours every day. The student is then encouraged to practice for 2 hours (minimum) in the Simulator, away from the voice of the instructor. This helps the Student learn quickly what he or she, doesn't yet know about our methodology. Practice in Sim, Fall Down, Skin Your Nose, and Journal everything that happens. Come to class the next day with your laundry list of questions so the instructor can walk you through the answer to each and every question. It has been proven through scientific research this type of learning model is far superior and in this case will help you actually - "Learn How To Trade". The Internet is full of "Trade Calling" services if that's what you desire. We believe our job as mentors is to be that where you are taken on a step by step journey that is geared to helping you learn to spot the setup, manage the trade and exit with grace.
Review Statement: The end result is that a $30,000 futures trading account had quickly lost $10,000. I felt terrible. I felt responsible. Dewayne said that the trader was at fault and just needed to try harder.
Rebuttal: First, I would never encourage a Student to trade with real money until they have first passed our rigorous test in the Simulator which shows consistent profitability. It would not be in my nature to say "try harder", but instead to say, "Follow your plan step by step". Our Students are required to put together 10 consecutive days in Sim where they must earn $100 per contract in 10 trades or less. Once a Student qualifies to trade real money, he or she must increase their account balance by $2k before they are allowed to add a 2nd contract. If at any time it takes more than 10 trades to earn $100 per contract, 2 days in a row, the Student must return to the Simulator and then request a Private Mentoring Session (at no additional charge) so we can sort out what the problem is.
If a Student simply follows the instructions as they are written and taught on a daily basis, it defies the laws of physics that a Student would lose $10k unless they failed to follow the rules as they are written and taught on a daily basis. In fact each Student is required to write his or her own Business and Trading Plan based off of the CFRN authorized template. Both of these foundational documents must be completed first, along with the Simulator testing, before proceeding to trade with real money.
I would very much like to have a public discussion with this "Student" you refer to on Live Radio and allow the trading community at large to hear the TRUTH. The good news for you Emmett, is if you have reported the facts as they were told to you, you're off the hook on this one. The Student you refer to, simply failed to follow the instructions he or she paid for. We unfortunately can not help those who refuse to follow the time tested formula we use day in and day out.
Review Statement: I then received another email from a trader living in South America. They had also read my review, sent $3,000 and also lost money because they simply could not copy the trades in the CFRN trading room. I became really distressed and then asked that both traders send account statements so that I could hopefully figure out, via time stamp where the problem was happening. I contacted Dewayne and expressed my concerns. He became less and less enthused about my questions and began delaying responses. Eventually he told me to go away and stop contacting him. I explained that real people were losing a lot of money, and they were losing it very fast as a result of my positive review. A bit shamefully, and with more than a bit of regret…I got to see a side of CFRN that is certainly not very Christian.
Rebuttal: Again, that's not our price (red flag). Our 90 Day Mentoring program has nothing to do with "Copying Trades". We are very up front in this matter. If you are looking for a "Trade Calling Service", we are not the right fit. Our goal is to "Teach You How to Trade".
Watch, listen, learn, ask questions for 2 hours a day, practice for 2 hours a day or as many hours a day as your schedule permits. Return tomorrow with a fresh set of questions which we will answer and demonstrate on an individual basis. This is how a Student "Learns How to Trade" vs. copying someone else's trades. Copying trades does not "teach". We only succeed when a student is able to trade away from our voices using all they have learned in the Daily Classroom, Personal "One on One" Mentoring Sessions (no additional charge) and our Thursday Night Partner's Workshops which have been known to run as long as 4 hours The final questions asked each Thursday before closing is, "Are there any more questions?"
We repeat in both spoken and written word, that we are not a "Trade Calling Service". Most of you know, those never work out anyway. Do they? Come on... do they? Of course not. Why bother? The only answer to the age old delimna is "Learn How to Read a Chart" which leads you to "Learn How to Trade". Nothing else has ever worked, or ever will work.
You crossed a line with your next remark. I treat everyone with dignity and respect whether I agree with them or not. I do expect to be treated the same. To tell you to go away and stop contacting me, could only come from you crossing the line of dignity and respect. You've already been called out to a Trading Contest, I'm now calling you out to an honesty contest. I'm inviting you to appear as a guest on my Daily Live Broadcast and while being recorded Live to Tape, repeat the same accusations you've made on your web site. I will make myself available any day at any time. Just bear in mind tape will be rolling.
Review Statement: After beating myself up, and spending many hours reviewing the trading data posted at CFRN versus the foreign clients, I began to see the problem and the pattern is very clear. The majority of the losses and the disconnect was happening between the Natural Gas and the Soybean trades. These two markets represent a big portion of the CFRN profits and are used to market the CFRN course, however these markets in particular are very thin markets. What is a thin market? It simply means that there is not a lot of trading volume, and anyone using limit orders would have a difficult time getting a price fill. With the foreign traders, I discovered the problem…latency. This was a simple matter of people being too far away from the central exchange in Chicago. Michael at CFRN was able to execute these small scalping trades because he lives very to close to the exchange, but the folks living farther away had absolutely no chance of replication.
Rebuttal: I must say up until this point I was a little aggravated with you. Now that I see how little you really undestand about how markets work, I can just smile and chuckle as most Professional Traders around the world have done since reading your commentary. Let's start with Soybeans which by no way account for a large % of our earnings. However, since you feel they do, let me educate the reader.
Here is a 30 minute chart of Soybeans beginning with the Wall Street open highlighted.
Soybeans March 2016
13,462 contracts in 30 minutes
12.500 contracts in 30 minutes
15,200 contracts in 30 minutes
28.000 contracts in 30 minutes
Natural Gas 30 minute chart / March 2016
9,300 contracts 30 minute charts
I could go on, but we've now crossed the line from opinion to fact. From innuendo to embarrassment. From someone who wants to fancy hmself a Judge of Traders, but won't accept a simple trading challenge from a very nice gentlemen. He's known as the Fractal Futures Trader and while he's no grandstander, he is a man who "Knows how to trade".
Here's the gentlemanly challenge he extended to to Judge and Jury - Emmett Moore
While I don't personally know the Fractal Futures Trader, I can tell simply by reading what he writes and what Emmett pays others to scavenge, I will lay 5 to 1 odds on the Fractal Trader.
Review Statement: I also need to consider that I have entered thousands of trades on a DOM and have a lot of experience. Even with my vast experience, I also had a very difficult time replicating the CFRN trades. With this being said, I have to sincerely apologize to all readers, known and unknown, that took action and paid CFRN money. The truth is the truth, and it has become apparent that the scalping method taught at CFRN is not going to work for the majority. And considering that there are plenty of educators out there where trades are easily replicated, I have to remove my endorsement.
Rebuttal: After careful forensic analysis of our Google Analytics and 3rd party verification, we find no evidence of anyone who entered our 90 Day Mentoring Program based on the recommendation of Emmett Moore or his Trading School Review Site .
Review Statement: I need to make sure that the trading room performance can be copied by a grandmother. Seriously, if a grandma from Oregon cannot make money, then I wont ever take another chance and recommend a product unless the trader has a fighting chance. Many apologies to my readers. Especially those that lost money.
Rebuttal: We are in our 2nd decade of teaching ordinary people (like me) how to trade. At this point I'm curious how many Traders you have trained. We have politicians clamoring for the Oval Office who have never ran a business, never spent a restless night as a young start-up wondering if the receivables due in tomorrow would be sufficient to cover payroll (amazing grace they always were).
I'm anxious to know what qualifies you Emmett to sit in the seat of judgement. Perhaps you have a stellar history of teaching struggling traders how to become consistently profitable. If that be the case, I assure you sharing those stories with the trading community would benefit all parties involved much more than the libelous slander you now publish. Don't you agree?
We have hundreds of successful traders around the globe. They have hounded me as to why I won't "Strike Back" at you and your slanderous foolishness. It's called "Crazy like a Fox".
Besides the Scriptual answer "Vengeance is mine saith the Lord", I just wanted to see how far you would go. I gave you all the rope you needed and you eagerly took evey inch. The one thing that separates you and I (besides the obvious), is that I have hundreds of traders around the globe who are now consistently profitable because Michael and I taught them a vey simple concept "How to Trade". I honestly believe that all you really want at the end of the day is to "learn how to trade".
I truly wish we had met under different circumstances. I would have considered it an act of service to teach you how.
I Wish You Well Emmett
I'm not sure if you really want to help struggling traders, or take advantage of them. If your goal is to truly help, I have no choice but to support you. Together, it's become mine and Michael's life work. The whole "2 ponts a day in the #SP500" that's not easy, but every day... we prove it is simple.
We do it in front of a live audience. We record it on a spreadsheet. We record the video and audio. We don't just show, we teach. We charge a fraction of what the late night infomercial guys charge. We give our students Unlimited Personal Mentoring as required.
The first 5 days of our Mentoring program are FREE. No Obligation! During the 5 days we give everyonene our Indicators and the Setup that makes them work. We give them 10 hours of Group Training in the Live Trading Room, plus an hour of Private Mentoring in a GoToMeeting Room.
We don't have a Call Center. We don't have any Salesmen. It's just Michael and I trying to to do the very best job we can. If you think trading's not easy, I assure you teaching people "how to trade" is complicated to say the least. So why do we do it? Sure we make money! That's no secret. Mulitple incomes streams are the foundation for creating enduring wealth.However, it's less than if we just concentrated on trading. So why then?
We once struggled. We had our eyes ripped out. We paid thousands of dollars for garbage. We leaned how to code our own stuff. Some garbage, some AWESOME!
Weekly Trading Zones / Concierge Trade Alerts / OTADS
We know not everyone can hunker down today and learn how to trade. Jobs, families, commitments, STUFF! It all gets in the way. The Weekly Zones are part of learning how to trade. The other stuff is a bridge to get you to the place and time where you have the time... to learn how to trade.
We're willing to meet you half way, but you have to understand, in order to survive... you must learn how to trade. Years ago someonene taught most of us how to drive. Think about that for a moment. You may have never driven a Rolls Royce, or a Stock Car, or an 18 Wheeler... but in a pinch, you can drive most anything. Learning how to trade is like learning how to drive. It will follow you all the days of your life. No one can ever take it away from you.
Once you learn how to trade (truly learn), you never have to look for a job again. Everyone from Plato, to Pistol Pete, to Steve Jobs has been credited with the following:
"Find a job you love to do and you'll never work another day in your life."
Whoever said it first, was right. Everyone who said it, was also right.
If you trade and wake up with a knot in your stomach... you're not a Trader yet.
If you wake up early, doing push ups in anticipation of the the bell ringing, you're a Trader.
Mark Douglas (dearly departed friend) said on our radio program "The entry is the least important part of the equation." He also said in his book Trading in the Zone - "You don't have to know what is going to happen next to make money in the markets".
It was in the book each time I read and listened to it, but when he looked me in the eye and said it over lunch at the Good Egg, time stood still. It changed me, it changed my thinking, it changed my trading, it changed my life. Mark had that effect on people.
It also has through Michael and I, changed hundreds and hundreds of Traders around the Globe. Just ask them. I was already a mediocre trader and and a good teacher, but that day, over eggs and ham... Mark took me took me to the end of the rainbow.
I will never be the same.
Emmett, whatever possessed you to make me your whipping boy, I forgive you. I've not only been to the Promised Land, I've been allowed to come back and together with my business partner Michael, teach others how simple trading can be. It's not easy, but it can be simple.
Make no mistake, God doesn't give us our Buy and Sell orders. He never tells us when to get in, or get out... that would make us dependent. He just doesn't do business that way. However, He did help us and hundreds of Partners, Learn How To Trade. Our story is chronicled over at SeekingAlpha.com. It's a short read, but covers the TRUTH of who we are "God Chasers and Emini Traders".
To read more about Mr. Moore and his self confessed history, Click Here.
We were humbled, tortured, torn, ripped off, lied to, beaten to a bloody pulp and left for dead. By His Grace, we rose up, moved on and today we are the #1 Emini Community on the Internet. Daily Podcasts since 2005. Webinars, Seminars, Q&A Sessions plus much, much, more. Visit us at www.cfrn.net or http://emini.cfrn.net
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