Financial Trading Scam
Louise Woof sells trading systems by showing results that she had achieved. However she didn’t achieve them! She simply took a graph of the previous days trading and drew in buy and sell entry/exit points to demonstrate the mythical money she made. Anyone can do this, but no one can do it in real-time. Hindsight is a very powerful tool.
Louise Woof is obviously a prime candidate for my ’Unethical Sales’ category. She started off with her outright lies, showing forged examples of her days trading. Now she is more careful and only shows possible earnings.
Quoting from Trade2win.com “……don’t touch with a bargepole or waste a penny of your hard-earned cash. She developed a ‘system’ (The Earlybird System) that broke all her clients’ compounding banks late last year. Then suddenly, these losses ‘disappeared’ from her results table early in 2008. She has now unscrupulously ‘tweaked’ her results table so that her results no longer show actual results but ‘results that are attainable’………”
I accept that a “fool and his money are soon parted”, and Louise Woof does offer 30 day money-back guarantees. However it would take longer than 30 days to learn her “system” and evaluate it. Her first ‘Foolproof Forex and Foolproof Earlybird’ systems were sold for £297, which is not a throw-away figure like most ‘get rich quick’ schemes.
The reason Louise Woof is featured here however, as a warning to all my blog readers, is that she deals in trading systems that don’t work. If you believe her hype, you could potentially lose thousands of pounds on the financial markets………Don’t touch, even with a bargepole.
PS. Customer losses have now become too hot to handle, and the first two ‘systems’ have been withdrawn. However Louise Woof is now selling “Foolproof Evening Trading Package” for £197 – DON’T BOTHER!
Marathon Runner, Drinker and Artist, Blogging for Pleasure and Profit.
Hi John, Honestly i don’t have any idea Louise Woof until I came across your blog and research it in Google. I found out that this guy has been doing scam. For me this financial trading is unthinkable and to entertain this idea is foolishness. Anyway thanks for sharing this information. Really appreciate that.
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John McNally
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September 9th, 2010 at 6:20 am
You’re sensible Danielo, financial “trading” should be unthinkable. The trouble is the people who get sucked into it, really think they’re “trading”, instead of gambling. Playing the financial markets is GAMBLING with far more variables than horse racing or football betting, so far more risky.
My objection to people like Louise Woof is that she sells “systems” that pretend to reduce or even eliminate risk. That’s simply not possible, and people can lose far more money if they actually believe they are “trading” a “system”.
The good thing about an interactive Internet is that anyone who does some research will realise Louise Woof is selling false dreams.
John
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This is scary because since the internet is being used more so than it did 5 years ago, people are desperate to making money fast and will believe everyone on the internet. Great way to share her name and what she’s doing. Do you know if any of these online businesses are registered with the BBB?
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John McNally
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June 1st, 2011 at 12:43 pm
I don’t know if this business is registered Kris, but I doubt it. I don’t actually know what the BBB is?
John
Leamington Spa, England
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It’s probably the pressure that sets in when you promise something and you realize you can’t deliver. It’s easy to start lying to cover the failure, could happen to anyone and i understand that.
But it’s bad when you do it all over again.
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John McNally
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August 18th, 2011 at 3:04 pm
That’s a very compassionate point of view Martin. I don’t agree with you in this instance though as the financial trading product was based on manipulated/false trading statistics. Without the lies there would have been no product to sell.
John
Leamington Spa, England
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