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EZ Trader and Trading in general

Discussion in 'Business, Careers & Education' started by Augustus Medici, May 7, 2009.

  1. Augustus Medici

    Augustus Medici Well-Known Member

    Messages:
    456
    Joined:
    Apr 25, 2006
    Hi everyone, it's been a long time! I'm glad to see some familiar names and a thriving community.

    I just wanted to bring this up: EZ Trader

    Has anybody tried this? A few of my coworkers mess around with it at work once in a while. It seems a little sketchy to me, although very interesting.

    For fnance whiz kids on here, has anybody tried trading in their free time? It really spiked my interest. Does anybody know where I can get some REAL practical advice for trading? I wouldn't want to learn from some get-rich-quick scammer hawking books and CDs. Is it even possible to get this sort of advice without actually becoming a trader? I hope not, since the professional traders that I've ever known always seemed miserable.

    As a side note, I remember hearing one time of a teacher in Dallas that specialized in forex. I heard extremely good things about him, people making real money from his lessons because he taught actual lessons. Does this guy sound familiar to anyone?

    Thanks! I hope everyone's doing well. I did manage to pass my drug test with flying colors [​IMG]
     
  2. phreak

    phreak Well-Known Member

    Messages:
    1,533
    Joined:
    Apr 17, 2008
  3. Pennglock

    Pennglock Well-Known Member

    Messages:
    3,244
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    Mar 20, 2006
    I would put the idea of trading out of your mind, especially if you dont have some kind of advanced math degree.

    Day-traders and people who frequent those shitty finance message boards are just fooling themselves. They're playing the lottery.

    Even the people I know who trade for a living, employed by large institutions, are generally FOS. Some of them realize they are FOS, most do not.

    I highly doubt you're the next George Soros.


    That said.... I am a dumbass who ignores my own advice and takes positions. Mainly for entertainment and the intellectual exercise. My opinion is that before you have any business discussing software you need a firm grasp of statistics (probability, time series, stochastic process, multivariate analysis, modeling, econometics, bayesian methods,) monetary economics, corporate finance, security and options valuation, etc. And that's just to give yourself the tools to have a shot at implementing any kind of meaningful strategy. In the end you'd probably still be better off playing roulette. Hopefully this is discouraging...
     
  4. aragoona

    aragoona Well-Known Member

    Messages:
    115
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    Jul 30, 2007
    I sent you a PM, been trading fulltime on my own for 3 years.
     
  5. Augustus Medici

    Augustus Medici Well-Known Member

    Messages:
    456
    Joined:
    Apr 25, 2006
    I would put the idea of trading out of your mind, especially if you dont have some kind of advanced math degree.

    Day-traders and people who frequent those shitty finance message boards are just fooling themselves. They're playing the lottery.

    Even the people I know who trade for a living, employed by large institutions, are generally FOS. Some of them realize they are FOS, most do not.

    I highly doubt you're the next George Soros.


    That said.... I am a dumbass who ignores my own advice and takes positions. Mainly for entertainment and the intellectual exercise. My opinion is that before you have any business discussing software you need a firm grasp of statistics (probability, time series, stochastic process, multivariate analysis, modeling, econometics, bayesian methods,) monetary economics, corporate finance, security and options valuation, etc. And that's just to give yourself the tools to have a shot at implementing any kind of meaningful strategy. In the end you'd probably still be better off playing roulette. Hopefully this is discouraging...


    Haha I've heard this is the case, but then again, there are people out there that make a decent, if not extravagant, living off this. If it's any use, I'm studying for the CFA right now and work in a valuation group for a recognizable accounting firm.
     
  6. bobodefask

    bobodefask New Member

    Messages:
    1
    Joined:
    Feb 9, 2010
    This Is A Money Laundering Group. You Will Not Ever See A Withdrawal. All Postings On All Sites Are Fraudulent. This Group Is Under Investigation And Will Be Shut Down.
     
  7. Milpool

    Milpool Well-Known Member

    Messages:
    921
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    Jan 30, 2010
    Haha I've heard this is the case, but then again, there are people out there that make a decent, if not extravagant, living off this. If it's any use, I'm studying for the CFA right now and work in a valuation group for a recognizable accounting firm.


    The "small time" traders I know usually just find ways to short crappy penny stocks that are getting hyped to people that don't know anything about the market. So they spend a lot of time cruising all the message boards full of hopeful, but misguided people with 1000+ bucks burning a hole in their pocket. They look at the most talked about stocks, read the financial reports, find out the company is on the brink of failure, then short it.
     
  8. Haley EZTrader

    Haley EZTrader New Member

    Messages:
    1
    Joined:
    Oct 11, 2010
    This Is A Money Laundering Group. You Will Not Ever See A Withdrawal. All Postings On All Sites Are Fraudulent. This Group Is Under Investigation And Will Be Shut Down.

    Hi,

    I'm Haley Martin one of EZTrader.com staff members.
    This post was obviously posted by a competitor of ours (as you can see, this his one and only post) as we have seen in many sites. We don't tell lies about our competitors as we focus on giving the best service to our traders and think that it's a better use of energy.

    We've been online for 3 years now and are totally and are entirely legal. As you can see, we process all major credit cards, if as this person said people would never receive their money they would have complained and the credit companies wouldn't allow us to accept card anymore.
    There has never been a person who didn't receive his withdrawal. We are based on long lasting returning costumers, so it's in our best interest people make profits and receive them promptly.

    Furthermore, I can tell you a lot of people make money on EZTrader and are withdrawing profits time after time. A lot of people lose money as well. Since we provide the platform, what you do and how you do is up to you. We are here to give advice about trading, charts and so on but we don't tell you what and when to trade.
    I don't think anybody trades on EZTrader for a living, but I can tell you some day traders trade on EZTrader as a part of their trading.

    I invite you all to talk to us if you have any questions:
    Our toll free number is 1-877-846-1365
    We also have live chat or you can email us - Support@EZTrader.com

    Best regards,

    Haley Martin
    Account Manager
     
  9. aquafresh

    aquafresh New Member

    Messages:
    2
    Joined:
    Feb 15, 2011
    Haley I am one of your customers at Eztraders,and the earlier post was correct! YOUR COMPANY DOES NOT GIVE BACK WITHDRAWALS! When I kindly requested mine. I got a Million excuses First excuse was. when i spoke to the ,so call withdrawal department. They told me they were not the wiithdrawal department. I then told them then why did the auto message on the phone said press (5) for the withdrawal department.

    After looking at reviews I told the lady i spoke to your company is nothing but a FRAUD! she hang up. I called back,and asked why'd she hang up.. She lied ,and said she mistakenly pressed the wrong botton lmao! Then I got an email saying the withdrawal department are having "technical difficulties" to give me my withdrawal on my credit card. Your company sure didn't have any "technical difficulties" accepting, and with drawaing my money from my credit card, when i made my deposit to start trading, now all of a sudden that I request a withdrawal you are having" technical difficulties"?

    Then I spoke to live chat, and you said you don't have contact with the withdrawal department, and give me your email to contact you on.What kind of ligit company don't have phone access to their withdrawal department? the 646-666-9677, so call number I was giving by the,so call withdrawal department manager (Leo) DOES NOT WORK! they said I would have my money in 24/hrs through pay pal I've got nada zero.

    I took a screen shot of all conversations, on live chat with these,so call account managers, and screen shots of my account. I also taped all (phone call conversation) with each,and every one at the eztrader department,and have everything on record to keep as solid proof what RIP OFFS! they/you are!

    By the way"Haley Martin" I've been communicating with you for a very long time,and your given name you give to me was "Haley Gonzales",so which is it? All you guys need to stay away from this company . Don't feed into " David Campbell" Leo, Haley, Nicole, Danny, nor any Carolina who all work for this company. They are FRAUDS plain,and simple,and i don;t care how much they try to down play it. You guys are better off pissing your money away at English Harbour casino, at least when I win over there, and ask for my withdrawal they refund me all of my hard earn money with out complications.

    Eztrader, is so call registered in Cyprus , their accounts are in the British Virgin Islands, Bahamas, and head place is in Israel. My good friend is a diplomat,and he ,so kindly dig deep into eztrader for me after i told him that they were giving me the run a round,and stupid excuses as to why my withdrawal can't be made to my pay pal as of yet! Don't be a fool,and feed into their false 75% in profit hype LMFAO!
     
  10. aquafresh

    aquafresh New Member

    Messages:
    2
    Joined:
    Feb 15, 2011
    PS the other contact numbers for these idiots is (212-937-7794)
     
  11. ppllzz

    ppllzz Well-Known Member

    Messages:
    4,315
    Joined:
    May 27, 2008
    you dont really need an advanced math degree, just be able to program in C or C++. IB brokers is a good starting point if you wanna try some lower frequency strategy. they have $0.05 cent commissions and min $1 charge per trade. if you have like a couple hundred thousand you can look into lime brokererage, who will help you colocate next to the exchange. http://www.personal.psu.edu/qxc2/res...esMarkets2.pdf this is an article that suggests a reasonable strategy for trading.
     
  12. HgaleK

    HgaleK Well-Known Member

    Messages:
    4,972
    Joined:
    Jan 7, 2009
    Location:
    NY
    A good family friend lives damn well off derivatives trading. She's got a friend who essentially took the student role under her and is making some serious bank now as well. I spent a summer paper trading and had a fairly huge ROI, but that time span wasn't large enough for me to make any real conclusions. She used thinkorswim, which has some of the most incredible customer service available, as well as the most complex free paper trading and analysis software that I'm aware of.

    The whole "roulette" thing isn't entirely the case. There are many forms of analyzing probabilities for derivatives. *I'M NOT SAYING THESE ARE USEFUL FORMS OF ANALYSIS* I popped a couple studybuddy pills one day and analyzed the candle stick patterns for a few companies, did a little bit of excel work, and made a formula that gave the expected return on the most common patterns at a variety of dollar values in relation to actual stock price. I weighted the actual returns of the more recent results, updated the information at the end of every trading day (thinkorswim lets you download all sorts of information in a well organized, convenient manner), and ended up doing okay. I tried adding specific magnitudes for the candlestick patterns, but it threw off everything. It was probably all luck, and the returns weren't as high as gut trading (though the psychology of trading changes drastically with real money), but it was fun.

    You can also run basic analysis on the ratios and percentages that thinkorswim provides, which is much simpler and less time consuming. Things like looking at the percent chance provided by their formula that an option will expire worthless and expected return, then running that against actual results, weighting the more recent ones, you can run a math based trading system that's fairly simple and easy to keep up with. As time goes by you can add variables, adjust weighting, etc.

    There are also options trading strategies (straddles, strangles, iron condor, etc.) and other methods of minimizing risk.

    Play around with things like that using paper until you find something that works, maintain adjustments, (unlikely that it will be a perfect system- could just be very lucky, but what makes money works...), and you've established a general feel for the market, the intricacies, signs, made major mistakes, learned what to watch for, see who on the internet has consistent results and what they're doing, etc, and then drop for real cash.
     
  13. Matt

    Matt Well-Known Member

    Messages:
    11,179
    Joined:
    Jan 14, 2005
    Location:
    Sunny Saigon
    I have no idea how to mod this thread.
     
  14. 2balls

    2balls Well-Known Member

    Messages:
    204
    Joined:
    Sep 24, 2007
    I sent you a PM, been trading fulltime on my own for 3 years.

    If you don't mind, could you give us a basic history of your trading full-time and how it is going? How much capital you started with, how many hours a week you were working, etc... I'm just trying to get a feel for the investing/trading field and would like to hear some firsthand examples.
     
  15. Steve Smith

    Steve Smith Well-Known Member

    Messages:
    2,998
    Joined:
    Feb 5, 2008
    I would put the idea of trading out of your mind, especially if you dont have some kind of advanced math degree.

    Day-traders and people who frequent those shitty finance message boards are just fooling themselves. They're playing the lottery.

    Even the people I know who trade for a living, employed by large institutions, are generally FOS. Some of them realize they are FOS, most do not.

    I highly doubt you're the next George Soros.


    +1000 for this. But then -500 for the part where you are the exception to the rule.

    I am 100% serious when I say that one would be better off learning to play poker.
     
  16. OneGreater

    OneGreater New Member

    Messages:
    1
    Joined:
    May 23, 2011
    Eztrader will take your money instantly. But I've have not received my money after more than a week of requesting it.

    Their withdrawal department has shown a near complete lack of care in responding to email acknowledgments as well a poor overall response.

    I would not recommend doing business with these people.
     
  17. newbie123

    newbie123 Well-Known Member

    Messages:
    52
    Joined:
    May 9, 2011
    In my opinion, you should limit your trading money to no more than 5-10% of your entire portfolio (retirement accounts, taxable brokerage account, 401Ks, IRAs, etc.)

    Unless your day job is a professional trader, I would suggest just go with index funds.

    Sign up through free stock trading simulations (like the one in investopedia), try it for about a year and see if you beat the market or not. Then you can make a sound decision whether you should be day trading or not (but remember that luck is also a factor so analyze your results with a grain of salt).
     
  18. ecnarra

    ecnarra New Member

    Messages:
    1
    Joined:
    Mar 13, 2014
    ~~I had a problem for 8 months with EZTrader, not paying me a withdrawal. Aug 2013 until March 2014 I found CySEC website, and sent them a complaint. This was their response. Dear Sir/Madam, Thank you for your email. Please note that, on July 24, 2012, the CySEC announced the following: “The Cyprus Securities and Exchange Commission (“CySEC”) announces that a new electronic system of complaints submission regarding regulated Cyprus Investment Firms (CIFs) and non-regulated Investment Firms (IFs) has been implemented today. The CySEC requests that the investors follow the procedure specified in the Electronic Complaint Forms, which can be found under the ‘Investors’ drop-down menu, in order to file a complaint.” (http://www.cysec.gov.cy/Downloads/E...ng the electronic submition of complaints.pdf) As such, we kindly request that you submit your complaint on line by clicking on one of the links below: http://www.cysec.gov.cy/complaints_cifs_regulated_en.aspx (for complaints related to licensed CIFs) 2. http://www.cysec.gov.cy/complaints_cifs_non_regulated_en.aspx (for complaints related to non-regulated entities operating through Cyprus) In the case that any of the above links do not work, please copy and paste the corresponding path directly into your browser. Regards, Complaints Desk Cyprus Securities and Exchange Commission (CySEC) 27 Diagorou, CY-1097 Nicosia / P.O.Box 24996, CY-1306 Nicosia Tel. 22 506600, Fax. 22 506700 email: complaints@cysec.gov.cy http//cysec.gov.cy EZTraders gave me my money in about 36 hours. After I told them that I was in communication with CySEC. So there you go, you can get something done about their unethical practices.
     

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