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Education

How to Avoid Day Trading Scams w/ Utah Entrepreneur Matt Poll

October 12, 2020 by tradersolution

Matt Poll on Identifying a
Day Trading Scam

“The primary thing I would look for in avoiding day trade scams is going to be around control. There’s this association that if you’re a day trader, somehow, that some scam’s going on. I found that’s completely not true.

If someone’s classifying themselves as a day trader, they’re the ones in control. It’s usually their own money. Or it’s their own retirement or some money that they raised or earned from something else. And so they are in it with their own funds. Where I start to see the most day trading scams is where the people don’t have control.

Furthermore, the trading scams happen when people are trying to take other people’s money, or they have a “fund” people are trading. Or they have some promised delivery system. You know, some thing they were trading that was making a bunch of money, and it really didn’t.

Then it ends up turning out to be a Ponzi scheme. Raising money from other people. And in return, they’re actually not even trading. They’re just living off of the money that people gave them and never actually went out and traded in the first place.

I hear stories, probably a couple each year, of people losing millions of dollars to these types of day trading scams. It’s a real thing. So control is a big piece.

If the money’s not in your bank account, it’s a lot harder to control what’s going on with it.”


How do I know if I’m currently involved in a day trading scam?

“So if you are already giving your money to someone else, you might be hearing this for the first time and going “am I a victim already?” And that’s a great question to ask yourself.

If you’re giving your money to someone else who’s classifying themselves as a day trader, they have a system and they’re supposedly trading it. I’m not saying there aren’t legitimate people that are out there doing this, but a lot are doing it in an illegal way.

You might ask some questions. I would look at the language that was used to enroll you and getting your money. And one of the words that I would look for is “guarantee.” If any type of day trader makes a promise that they can guarantee some future result. That is a enormous red flag to me. Because one, this is a highly regulated industry, and you just can’t do that. You can’t use words like “guarantees” in the day trading world where there’s risks. It just, it’s not possible. It’s not possible to have a guarantee in a world filled with non guarantees.

So it’s just it’s a paradox. Really, it’s like this is that reality, there are risks. So you can’t make guarantees. If they use that language, you’re you’re probably at a higher risk. They’re running some type of Ponzi scheme.

Other words or language that I would look for is disclaimers. If they didn’t hand you something that had disclaimers. If you didn’t see federal state disclaimers on stuff that you signed, or if they’re not registered. That’s a big red flag for me. Because, again, this is a very highly regulated industry. And if they’re not in compliance with those things, it’s like what else? What other rules are they breaking? What other things are they doing with your money that doesn’t fall into this? This is a regulated industry and so I would immediately see that as a sign like, hey, something could be going. I’m not saying it is, but could be going wrong here, and would be worth investigating.

Now, if you’re being approached at the moment, those are the type of questions I would ask. I think “you just made a guarantee, I know you’re not supposed to be doing that… what’s going on? Why am I not seeing any disclaimers? Also, why am I not seeing anything about how this is a highly high risk type of environment or you’re not giving me my federal and state disclosures? Why am I not seeing that?”

Those type of questions will very quickly percolate whatever nastiness or gross things that are actually lying underneath. That will start to kind of rise to that surface.”


What is the safest way to avoid day trading scams?

“The safest way to avoid scammers is to be responsible and the most responsible way to be interacting with day trading is to be doing it yourself.

Now, there are places or systems that people promise certain types of things. And immediately, that’s a red flag to me. You’re not going to get into day trading with a promise again, or a guarantee that you’re going to get some result. But ultimately, the lowest risk way. And the the highest way to get the result that you’re looking for is to do it yourself, get educated.

You know, it may seem like a long road, but the end result is way more worth it because handing it to someone else and your money to someone else with the possibility of it completely disappearing. And they never even traded in the first place. That’s a way higher risk and you learning how to do it with the risk of losing at something.

And so I would say take the path of learning how to learn how to do this on your own, learn how to day trade, and give yourself time. Give yourself at least a year, the same. I’m going to give myself a year to learn how to do this, because it’s not a get rich, quick thing either.

I mean, sure, there’s some people that trade like Vegas, and they get lucky. But ultimately, if you want to have the success of a successful day trader, it’s gonna take time, and you just got to go into it knowing “I’m competing with the world around this. And ultimately, I only have to be 51% better than everyone else, right?”

Which is grade school, that was an F, right? So it’s like, you do have those advantages. However, it’s like this. This is going to take some time and patience. And ultimately, the end of the day, it’s about your returns. It’s about your percentage returns not how much how many dollars do they take into my account? And if you could stick with that attitude, you could be a very successful day trader.”


About Matt Poll

Matt Poll is the Co-Founder of General Trader Fulfillment, a company designed to help provide tools and education for investing in the financial markets. Founded during the 2008 recession, GTF has grown to become a national company with over 30 brands and offices.

As an entrepreneur, Matt loves new projects and is a partner in multiple other business ventures nationwide specifically in the real estate, hospitality, and the food and beverage market. He is a father of two boys which drives his passion for education, specifically in the area of entrepreneurship for children. “Live to give” is one of his mottos and he specifically looks for organizations that have high impact in the local community when donating. Matt also gives back to his community by providing personal coaching to business owners and entrepreneurs.

Learn more about day trading and Utah Entrepreneur Matt Poll at DayTradeForGood.com and/or MatthewPoll.com!

Filed Under: Day Trading Programs, Day Trading Results, DayTradeFEED Investigates, Education, Featured Story Tagged With: day trading, day trading scams, forex, futures, how to avoid day trading scams, Matt Poll, Matt Poll, Matt Poll Day Trading, matt poll day trading, Matt Poll Scam, Matt Poll Scam, matt poll trading, matt poll utah, matthew poll trading, matthew poll utah, stock market

Have a Plan, Work Your Plan

April 9, 2020 by tradersolution

The following article posted to DayTradeFEED.net was written by guest-author Matt Poll via MatthewPoll.com.

Having a plan is crucial. In addition, how and if you work it is imperative. A plan by itself does nothing. There are millions of books and videos with plans in them that people never apply or have actual results around. What do we do around the plans we have and how we work them.


How to Plan for Success

I have 40 partners. I constantly see nothing being done without a plan. In addition, it’s always necessary to continually refocus efforts toward working what’s already in place. Some get lost in the noise of activity and time-fillers. These distractions can leave us puzzled as to why we’re not getting the results we’re seeking.


Steps for Creating Your Plan

The above training includes multiple steps…

#1: Write down everything you need to do in the same place. Great time managers always keep a to do list handy for jotting down action items, work tasks, project activities and other ideas. If you always keep adding to this list, you’ll know what needs are to be prioritized.

#2: Review tasks and prioritize at the same time each day. This is going to require a good calendar. Furthermore, this can be done any time of the day!

#3: Look at your list of appointments for the day and determine which are most important. Plan what you need for the important appointments so that you will have everything ready BEFORE the appointment starts. Be sure to implement step #1 (see above).

#4: Schedule your plan efficiently…..

To learn more about these steps, watch the training above!


About Matt Poll

Matt Poll, AKA Matt Poll, is an entrepreneur, investor and life coach based out of Silicon Slopes in Lehi, Utah. Furthermore, he is the CEO of GTF Day Trading, a company which he helped co-found in September of 2008.

Filed Under: Day Trading Programs, DayTradeFEED Investigates, Education, Featured Story, Forex Tagged With: day trading, Matt Poll, Matt Poll, matt poll day trading, Matt Poll Day Trading, Matt Poll Guest Post, Matt Poll Life Coach, Matt Poll Life Coach, Matt Poll Scam, Matt Poll Scam, matt poll trading, Matt Poll Trading School, matthew poll investing, matthew poll trading school, Utah

Kevin Jones, Matt Poll Donate to Sub-For-Santa

December 31, 2019 by tradersolution

Kevin Jones and Matt Poll are Utah business owners. The two pooled proceeds from a 30-day trial of their day trading program.

Matt Poll and Kevin Jones began their day trading education and coaching program back in 2008. The company has grown substantially since then. which put the Utah entrepreneurs in a position to help others less fortunate than themselves during this holiday season.

The two day trading educators recently pledged to donate all earnings from the $10 Trader Lite signup fee to Sub For Santa. That pledge was recently fulfilled as part of a holiday party held at The Melting Pot in downtown Salt Lake City.

You can find pictures from that event below:

“As always, we’re thankful for the chance to help others less fortunate than ourselves and look forward to any and all future opportunities to help,” Kevin Jones said.

“We’ve been given a great opportunity to help others and we couldn’t let that opportunity pass,” Matt Poll said. “We look forward to doing this again in the near future with other charitable organizations.”

Future Endeavors

Success is something that Kevin and Matt have definitely had to work for. The two have been adapting and modifying their business over more than a decade. This is to ensure it can include all who want to see if day trading is right for them.

Furthermore, one big way they’ve helped get day trading into the world is by offering the Trader Lite Trial. This trial costs just $10 and allows students to experience their program for up to 30 days.

Some have asked why the program isn’t just free. Well, the answer to that is the personal investment required to help students take the program more seriously. In addition, Matt and Kevin don’t make any money from the $10, as all of it is donated to a different charity each quarter.

Future charities will include Operation Underground Railroad, Global Giving, Feeding America and more!

Filed Under: Day Trading Programs, Education, Featured Story Tagged With: kevin jones day trading, kevin jones forex, kevin jones scam, kevin jones trading, matt poll day trading, Matt Poll Day Trading, matt poll forex, Matt Poll Scam, Matt Poll Scam, matt poll trading, matt poll utah, matthew poll forex, matthew poll trading, matthew poll utah

Everything Forex Trading Part I of II

July 31, 2019 by Kara Jones

The Foreign Exchange is also knows as currency trading, Forex, or simply FX. In Forex trading every currency worldwide is traded in a global market. With an average trading volume of $5 trillion per day, it is the most liquid and largest market. All stock markets combined don’t even come close to this number.

With such high volume of trading, you may find some great oportunities for yourself in the forex market.

A single USD on any given day could get you 1.1 CAD. The very next day this USD could get you 1.15 CAD. Small changes such can these might not seem like they’d make a difference, but when put on a large scale, the significance becomes apparent.

Lets use an example of a company who pays employees overseas. Imagine what currency exchange rate could do to the company’s bottom line. Lets say for example, they are exchanging one currency for another that is at a higher value. It would be beneficial for the company to make their trade on a day when the exchange rate is lower. If the company needed to exchange USD to CAD, using the example above, it would greatly benefit the company to make their exchange on the day where CAD is 1.1 rather than 1.15. Pennies will add up quick when on a large scale.

Like being a business owner or traveler, when trading forex, you will want to make trades with the knowledge of when exchange rates will change to receive a more favorable rate.


FOREIGN TRANSACTIONS

Foreign transactions in the market are similar to what you may have done if you’ve traveled abroad. A trip north across the border and you are converting USD into CAD. The exchange rate between the two currencies is based on supply and demand. This is what determines how many CAD you get for you USD and the rate of this exchange is constantly fluctuating.


OPPORTUNITIES IN FOREX: WHAT’S YOUR OPINION?

Like stocks, currencies are traded based on what is their assumed value and what direction that value is headed.

The big difference in forex vs stocks is that trading up is done as easily as trading down. Because the market is so large it is easy to find a buyer or seller for the currency you have your eye on. Based on what foreign news you hear, you can decide the value of certain currency and then buy or sell as you see fit.

If you hear news that will cause the CAD to lose value then you would sell your CAD against another currency. The more the CAD depreciates agains the currency you sell it against, the more profit you make. If the CAD begins to regain value then you begin to lose profit and should quickly get out of the trade.

Read more about how to buy and sell currency as well as information on trading on margin in Everything Forex Trading Part II…

Filed Under: Education, Forex, Uncategorized Tagged With: day trade feed, day trade forex, day trade from home, Day Trade My Money, day trading, day trading our money, daytradefeed.net, forex, forex factors, forex market, forex trading, how to make money day trading, make money day trading, make money from home, making money

In Depth – Kevin Jones Day Trading Indicators

June 12, 2018 by tradersolution

Kevin Jones Day Trading Indicators

DayTradeFEED Takes a Closer Look at Kevin Jones Trading Indicators

Above all, day traders implement what they call “indicators” to help them predict market trends. In the 1990s, one of these day traders decided there had to be a more accurate, dependable indicator option than what was currently being sold on the market. This is when the Kevin Jones day trading indicators were born.

The mount of people using these indicators grows by the day. Many even claim 20+ years of profitability using his system. But what are they and how do they work?


Creating Each of Kevin Jones Day Trading Indicators

Most of Kevin Jones trading indicators took years to perfect. The man would sit in his home office for what seemed like days. His time was spent going through wide varieties of recorded data and seeing how it all affected different markets.

This went on for years until finally, like a bear emerging from a long winter of hibernation, the Kevin Jones day trading indicators were ready to test.


Beta Testing Kevin Jones Trading Indicators

Before showing others these day trading indicators, Jones needed to make sure they worked over and over for a long amount of time. Due to this, it would be years before they were marketed and distributed to others looking to find their own day trading success.

While using the indicators, Jones saw some losses, but was overall profitable during his time. He went on to have years of day trading success, and attributed most of it to his indicators.


Others Start Using Kevin Jones Day Trading Indicators

Eventually, Kevin realized how much his indicators could help others just like him find success and create their own wealth day trading. Because of this realization, he began telling as many as he could about his newly-found trading tool.

In time, others began to see how Kevin Jones day trading indicators could benefit them and their financial situation. Around 2008, Kevin joined forces with his son in bringing these indicators to the general public.


Kevin Jones Day Trading Indicator Overview

Discover each day trading indicator, what it looks like and how it works.

Over time, each of Kevin Jones forex and futures day trading indicators was released to the public. As each new indicator became available, the word began to spread about how successful many day traders had become using the program.

The following information surrounds Kevin Jones day trading indicators, what they include and their basic use information:


Kevin Jones Echo Trading Indicator

The Echo day trading indicator makes trading simple by letting you watch just one chart while making trades.

Why is this indicator called the Echo indicator?

An echo is a little movement within a larger market trend. These become profitable market fluctuations.

As the market never just goes one direction. It climbs there in steps. The echo indicators helps you identify if their will be another step continuing in that direction. Having an indicator that identifies those steps, they can then be predictably traded for reoccurring profit.

In conclusion, the Echo indicator is one of our safest, most profitable and easiest to learn!


Kevin Jones Majors and Minors Trading Indicator

The Majors and Minors day trading indicator empowers day traders to trade like institutional investing powerhouses. This is the main indicator that many in Kevin Jones day trading schools use in their trading.

Buying and Selling Indication

Basically, you’re looking for the different colored lines to cross in certain locations. So if the grey and black and red and green lines cross at the same time, that’s when you should buy or sell.

Buy Signal

A double crossover, at or or below the red line, pointing up, indicates BUY.

Sell Signal

A double crossover, at or above the blue line, pointing down, indicates SELL.


Kevin Jones TNT Trading Indicator

The TNT indicator is confirmatory of market direction.

Watch the video above to see Kevin Jones trading indicators help someone make $500 in just 20 minutes!

Thick Orange = Most leading
Thin Orange = Most confirmatory
Thick Blue = Most lagging
Thin Blue = Second leading


Kevin Jones Puts and Calls Trading Indicator

Major institutions do not just trade the market. They are required to enter by the use of puts and calls. As such, by plotting put and call movement, there is direct insight into real-time major market player action.


Kevin Jones Pressure Trading Indicator

This Kevin Jones day trading indicator is the most indicative of expected longer term market direction. Many day traders who implement this trading indicator into their day-to-day strategies prefer to us it in conjunction with other indicators (see above).


Kevin Jones Vector Trading Indicator

Finally, the Kevin Jones trading indicator called Vector indicates continued major player selling momentum with downward white space movement.

In contrast, upward white space movement indicates major player buying momentum.

Many who are implementing the Vector day trading indicator prefer to use it at the same time they’re using the puts and calls indicator, of which we wrote above.


Learn More About Kevin Jones Day Trading Indicators

In conclusion, we hope you enjoyed our brief overview of Kevin Jones day trading indicators and how they work. Many day traders swear by these indicators, and we’re happy to have been able to take a closer look at what drives them.

If you want to learn more about these day trading indicators, check out our contact page or email us at info@DayTradeFEED.net.

You can also learn more by CLICKING HERE.

Filed Under: Education Tagged With: day trade, day trade bitcoin, day trade forex, day trade futures, day trading schools kevin jones, kevin jones day trade, kevin jones day trading, kevin jones forex, kevin jones futures, kevin jones trading

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