Mark Chapman sells a bogus forex trading strategy under the name “Trapped Traders Edge”. He claims to have learnt it from a friend he went camping with and who made mega-millions on the market. Basically, the strategy does not work in forex and he charges $900 for an online course covering absolute rubbish such as: – using a MACD to trade divergences, – using a Stochastic to also trade divergences, – identifying low volume areas, – and “mouse traps” which is nothing more than a lower low in price action. Anyone that has been around long enough in forex trading will know that using MACDs, Stochastics, and volume is not going to turn you into a millionnaire. Part of his sales pitch is telling potential clients he’s recruiting traders to manage forex funds on behalf of private and institutional investors. He promises you entry if you follow his plan and produce great trading numbers. What he never tells you is that the strategy does not work, so there is no way you’re ever doing to manage forex funds. He also tells everyone how he’s in the process of relocating to Spain to play golf and live the good life. If you ask questions about this and the forex funds pitch you’ll soon discover that it’s all rubbish. Mark Chapman runs a YouTube channel on which he pitches content that has no quantifiable egde! If you look carefully at all this content you’ll see that there are no real-time examples, no in-the-minute trade executions, nothing of that sort. All of it is retrospective analysis of a chart and we all know how perfect hindsight is. Forex traders beware, Mark Chapman’s Trapped Traders is a scam! .
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