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RealTraders:
I am aware that some RT members who are following all our policies publicly,
are at the same time using the list to sell stuff to other RT members
through the use of private email. If it's mutually consensual, then it's
none of RealTraders' business.
Rest assured that the majority of vendors on RT are honest and certainly
they deserve your consideration. Therefore, there is no need to be paranoid
or to live in an atmosphere of mistrust.
With that said, I still think it's important for everyone to know that a
small number of RT members have walked away from some of private
transactions with a bad taste in the their mouth. That bad taste ranges from
sour to Liquid Plumber.
My advice is:
If you ever find yourself in the situation of considering passing money to
another RT member as payment for some product or service, step back and
pause to think about it for a few minutes. Determine for yourself the real
value of what you are considering purchasing and why you should have any
trust in the person who is after your money. If it is hardware or some
physical item that has a market value check out the price you are being
asked to pay, that is reasonably easy to do. If it is software, the same is
true, but in addition you should obtain documentation that you are buying a
genuine copy from the legal owner and not some ripped off copy. There is an
awful lot in circulation right now.
If the item is a system, book, training course etc. it is extremely
difficult to assess the real value and you should determine on what basis
the vendors claims can be proved. As a minimum we would strongly suggest
that you have the vendor send you copies of his recent statements thereby
lending a degree of proof to the claims made. That is not bad practice
anyway whether inside or outside of RT! Personally I would want to see real
statements (not performance summaries etc) and would insist they have the
vendors name on. I was once saved from buying some real junk by insisting
on this.
Another thing that you can do as an alternative to asking for an account
statement is to just get an unconditional money back guarantee.
Profitable trading,
Eddie Kwoing
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