I hate it when this happens, but it’s a sad fact of life when you’re a success on the Internet.
Someone called James (I’ll block out his last name) posted a link on one of my social media posts:
James was asking about an article about me that was published several years ago on a site called ValForex.
At first I ignored it. I didn’t really care. But people kept bringing it up. After all, the word “scam” attracts attention because people are afraid about being cheated. Am I who I say I am?
So I wrote a response to it here … all the way back in 2018.
But I’ve decided to update that response. That’s because garbage like this seems to live forever online.
It’s very unfair, but I’ve decided a point-by-point rebuttal complete with images is the best way to deal with it.
Let me address ValForex’s unfounded accusations one after the other:
“Scam” #1. I claimed that I worked on Wall Street
Yes, I did work on Wall Street.
“According to Mark, all these firms wanted a piece of him so badly that they couldn’t resist what he was willing to offer them at any price”
What? I’m not entirely sure where I claimed that. They provided no sources or links to my supposed claim. That’s because I never made any such claim!
It gets worse.
“Scam” #2. I believe I deserve the attention of everyone else who wants to make millions of dollars out of Forex trading.
Again, no links or sources from Valforex.
Their only link goes to their own “Forex trading” category on their blog.
Let’s take a look at one of my Facebook posts and see if I can find what they’re talking about.
In this ad I state that I can’t guarantee anything.
I state that the results may not be typical.
All I’m offering is “to help as much as I can”. How is that misleading?
Let’s compare it to what ValForex is advertising.
Smack bang in the middle of their article about me, they make this claim:
How funny that they’re promoting an automated trading robot that gives you 30% return per month, guaranteed.
“It almost never loses”. Yeah, right …
According to their claims, you can start with $1,000 and end up with $1.4 trillion after 5 years. In other words, you’ll be worth 10 times more than the richest guy on the planet in a bit more time than it takes to earn a college degree!
It’s almost like they wrote the entire article about me to get people to buy into their own automated trading robot.
But there’s more…
“Scam” #3. I was busted for insider trading on Wall Street
This makes me laugh, because earlier in their article they claimed I lied about working on Wall Street.
Now suddenly I got busted for “insider trading” while working on Wall Street.
Yes, I was busted for insider trading.
The entire story is on my website under “About Mark”.
I even have a video on YouTube explaining the whole thing. It’s got 43,000 views. You can see it embedded on the About Mark page.
I’m not sure if this part was meant to be a ‘gotcha’ moment, but I’ve been super upfront and honest about it.
Interestingly enough, they stated: “In this case, Mark was accused of providing investment advisory services while not authorized to do so”.
Nice try, but that’s not how insider trading works. And I’m sure ValForex don’t actually know what it means. It’s as “informed” as anything else they wrote about me … which is to say, not informed at all.
Here’s the actual definition of insider trading for you:
And I didn’t get fined $6.3 million as they claim. Again, they provide no sources or links to any evidence.
The only links available are to products they’re selling or promoting (apparently).
Now here’s the last of their great “reveals” about how much of a “scammer” I must be …
“Scam” #4. I want to manage your money
Again, no sources. No links to evidence.
Please go through my website with a fine-toothed comb and find one shred of evidence that I offer to manage people’s money.
I’m not a fund manager.
But I do like to help people learn to become consistently profitable traders.
You see, I teach people how to recognize tradeable patterns. How to get into (and out of) trades the right way. How to manage their risk … so they don’t blow up their account.
The whole idea is to help you learn to do the right thing at the right time and feel comfortable doing it. That’s because a confident trader is a winning trader.
Now of course I can’t guarantee results. That’s up to you.
But I can guarantee I’ll do my best to teach you how to consistently make excellent returns on your account with a winning method I’ve been using for decades.
So I don’t think my approach is any kind of “scam”.
And I hope I’ve successfully refuted that Valforex article that people keep asking me about.
Does that all make sense to you?
Please visit my site if you’d like to find out more about me and why I love to help people become good traders The Pattern Trader way.