Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Uli Schmuli

Finally! A Way to Verify Trader Performance

Recommended Posts

A nice idea, but I don't see how you will get any serious people to get on board:

 

Disclosure of Trading Information

 

A key goal of Company, the Site and Service, is to promote increased openness and transparency by independent traders of the financial markets regarding their methods and (most importantly) their results. * * *

 

(iii) In order to accomplish this goal, Company will require you to disclose all relevant information necessary to allow it to access those trading records which you may designate from time to time, including but not necessarily limited to account numbers, user names, passwords, "verification questions," other required security keys, etc.;

* * *

 

Good luck with that.

 

 

P.S. If in say 5 years your idea does catch on and you've shown a track record of being secure, I will join and allow access to a small account. But until then, I'll let others go first.

Share this post


Link to post
Share on other sites

P.S. If in say 5 years your idea does catch on and you've shown a track record of being secure, I will join and allow access to a small account. But until then, I'll let others go first.

 

 

Just to be clear: This is NOT my website, I only said that I had the same idea about five years ago.

 

Regarding why serious traders would join, I say, why would any serious seller of trader education & softwared NOT join? What a great way to set yourself apart from the carnies!

Share this post


Link to post
Share on other sites
Just to be clear: This is NOT my website, I only said that I had the same idea about five years ago.

 

Regarding why serious traders would join, I say, why would any serious seller of trader education & softwared NOT join? What a great way to set yourself apart from the carnies!

 

It's not your website. Got it.

 

As I stated, I like the concept. I would consider joining and I'm not in the business of selling anything. However, the execution of it is a nonstarter for me.

 

Why would vendors NOT join? Is this a serious question? Isn't it obvious why they would not join?

 

In any case, I would ask why would anyone disclose the account information the site requires to participate? Did you read any of the Terms of Service?

 

Not even my family members know my account passwords and security questions and I do not keep such information on my computer or have it written anywhere. And I'm supposed to trust a website with that information?

 

You has gots ta be kiddin'!

Share this post


Link to post
Share on other sites
Company will require you to disclose all relevant information necessary to allow it to access those trading records which you may designate from time to time, including but not necessarily limited to account numbers, user names, passwords, "verification questions," other required security keys, etc.;

 

* * *

 

Good luck with that.

 

Thanks for posting this. I definitely would never give out that information. I don't know how this site thinks people are going to agree to this.

Share this post


Link to post
Share on other sites

In the past few years I've been hearing more about hackers breaking into different companies to steal confidential information like account numbers, passwords, financial data, personal data on the clients of the company that got hack (Google, Sony, Worldpress, Epsilon, RSA, Voice of America and countless others that includes security firms themselves like HBGary and EMC) in 2011 alone. The scary issue is the info stolen was on individuals and other businesses these hacked companies had as customers.

 

It's also a known fact in the security industry or hacker industry depending upon how you look at it that most folks (individuals) use the same user name, same password or "similar like" password, same verification questions and so on at other sites due to habit. For examples, a few of the well known companies hacked in 2011, many of the individuals using those companies saw unauthorized access to their other accounts elsewhere that had nothing to do with the company that got hacked.

 

Simply, this company (Opentrader.com) will have access to more than just your broker account from the perspective of anyone that may want to hack them because the hacker understands that most individuals are of habit. By the way, those SSL GlobalSign and TRUSTe privacy certificates you see at the bottom of sites that say they are secured...some of the companies that issue those have had their own security problems in the past too. :doh:

 

Yep, I share the same sentiment as others. There's other ways you can verify someone's trading performance without that person coughing up their account numbers, user names, passwords, "verification questions," other required security keys, etc. that your broker has with you.

Edited by wrbtrader

Share this post


Link to post
Share on other sites

If I wanted to prove what I had made trading, I'd created a video of me signing into my real account, and run a report. Then erase the User Name and Account number info from the video, or find a way to block it out. But what's the point of verifying trading performance? Maybe for your ego, or to convince someone to buy what you are selling, or get investors? I would never sell a system that made me a lot of money. I might create a trading company, and train other people to trade it, but I still would keep the indicators and system confidential. I would only need investors if I had no money of my own. But if someone wanted to invest, I would have them watch me trade live to give them an idea of what I was doing and what the potential was.

Share this post


Link to post
Share on other sites

I like the idea of benchmarking performance against what others are doing. Not in a competitive way, of course, but with the idea of personal improvement. It would also be good to identify those who are extracting at a greater rate than I, and to communicate with others who are serious and have an effective approach to trading.

 

For such benefits I would be willing to submit to a verification of my trading results and make it available for public viewing in a pool of other people's results. However, I would never jeopardize the security of my trading accounts, which is what the website under discussion seemingly would do.

Share this post


Link to post
Share on other sites

A good way to do it might be for a trader to permit his broker to publish his trading results at a common location.

 

The broker already has access to the account results and could post it with the trader's permission without revealing account numbers, passwords, etc. You don't have to give this information to your broker or anyone because the broker already has it. Trust in your broker has already been established.

 

Another way to do it is to become a CTA. Then, posting false results becomes a crime. So, there is trust that the results are real.

Share this post


Link to post
Share on other sites

I think the obvious solution would be for the broker to send the performance results from the side of the broker that's linked to Opentrader instead of Opentrader retrieving the info from their side of the connection. Thus, prevents Opentrader from having access to the trader's passwords, "verification questions," other required security keys. Simply, Opentrader will only have access to the account number and possibly user name.

 

The performance record for purpose of transparency, legitimacy, benchmarking can be accomplished even if the broker only sends the info when the markets have closed or at a set time period at night considering Opentrader is not trying to be a real-time middle man of trades.

 

In fact, I'm very curious why Opentrader didn't approach this from the side of the broker sending the info instead of from the side of Opentrader retrieving the info. :doh:

Edited by wrbtrader

Share this post


Link to post
Share on other sites

Mebbe it's an elaborate version of the Nigerian scam.

 

I can't wait for the version that requires online banking passwords to verify that a person is wealthy on the internet.

 

The site can be called openmessageboardmillionaire.com

Share this post


Link to post
Share on other sites

I don't see this idea taking off for the simple reason that transparency in a zero sum game that involves money just doesn't make any sense whatsoever to me.

 

Or maybe I'm too paranoid, but there are so many sharks out there I feel justified in my reasoning.

Share this post


Link to post
Share on other sites

wheres the motivation to join? wooo-hooo so some kid on the other side of the world who i will probably never meet now knows all my idle boasts are in fact - facts!

 

most successful traders will not give a damn about 'proving' themselves to a bunch of losers on ET and T2W. they have nothing to prove to anyone but themselves. most successful traders are pretty humble people and dont get off on this ego stuff. whats more, the seriously, seriously wealthy go to great lengths to hide their wealth - not advertise it.

 

this web site will attract only one kind of person:

 

vendors.

 

oh - sorry, also it will attract those who out the goodness of their hearts want to share their 'secrets' with john doe for nothing.

Share this post


Link to post
Share on other sites
wheres the motivation to join? wooo-hooo so some kid on the other side of the world who i will probably never meet now knows all my idle boasts are in fact - facts!

 

most successful traders will not give a damn about 'proving' themselves to a bunch of losers on ET and T2W. they have nothing to prove to anyone but themselves. most successful traders are pretty humble people and dont get off on this ego stuff. whats more, the seriously, seriously wealthy go to great lengths to hide their wealth - not advertise it.

 

this web site will attract only one kind of person:

 

vendors.

 

oh - sorry, also it will attract those who out the goodness of their hearts want to share their 'secrets' with john doe for nothing.

 

It apparently also attracts traders with a limited view.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.