About NorthSeaForexGroup

Apprentice Joined: 24 Nov 2006 Posts: 98

Hello,

I am new in this forum... very glad to have found it Smile

I have just read about NorthSeaForexGroup. Do you think that the graphs they showed as trade proof are authentic? why? Perhaps I lost some information because my english is not very strong... Embarassed

Posted: Wed Nov 29, 2006 10:37 am

salterus wrote:

Hello,

I am new in this forum... very glad to have found it Smile

I have just read about NorthSeaForexGroup. Do you think that the graphs they showed as trade proof are authentic? why? Perhaps I lost some information because my english is not very strong... Embarassed

Right now is not the best time to be checking out NSFG. Even though the program is in trouble, having lost 70% of the members deposits, they did set the standards for DD and trust (at one time). They themselves succumbed to misrepresentation to cover up a loss, until it all became too much. Now the owners have lost their credibility.

The only reason they are still listed there is because they are now, once again, telling the truth.

Levaz

Apprentice Joined: 24 Nov 2006 Posts: 98

Ok. Thank you. I was considering to propose the creation of a Pool for investing there... or even invest alone. After two months of researching, the online investments seems more and more risky to me.

Posted: Wed Nov 29, 2006 11:31 am

salterus wrote:

Ok. Thank you. I was considering to propose the creation of a Pool for investing there... or even invest alone. After two months of researching, the online investments seems more and more risky to me.

That is a very astute observation. This is an extremely high risk arena, of course this goes hand in hand with potential high returns. The sad part is the number of scams prevalent, which makes it extremely difficult to discern the genuine programs.

Your best bet is to observe several forums and learn the names of a few people you can trust to get sound advise. I have noticed that the good guys are always willing to help and protect. I was lucky to find people like SmilinSam and others that took the time to help.

If you are still interested to join an NSFG pool, check back around March / April of 2007, and if they have come back to solid ground, we will guide you towards one such pool.

Levaz

Apprentice Joined: 06 Oct 2006 Posts: 77

I have only been at this type of "investing" for a year, however I've learned quite a lot in the last 12 months. One of the best pieces of advice I could give a "newbie" with a good amount to invest would be to look into the pools/mutual funds that are available. There are some very good ones, and from what I've seen so far, the ppc pool is the cream of the crop right now. Outside of the feeder fund, there weren't really any other pools for me to invest in when I started this endeavor a year ago. Now there are several. I can't wait till ppc opens back up for new investments.

Posted: Wed Nov 29, 2006 5:39 pm

salterus wrote:

Ok. Thank you. I was considering to propose the creation of a Pool for investing there... or even invest alone. After two months of researching, the online investments seems more and more risky to me.

Read, read, read, read, read and finally read!!
1. Forums
2. Blogs
3. Blogs
4. Forums
5. Forums
6. Forums
7. Forums
8. Blogs
9. Forums
10. Forums
11. Forums
12. Forums
13. Blogs
14. Forums
15. Forums
16. Forums
17. Forums
18. Blogs
19. Forums

that pretty much sums it all!

in addition read "specialized" literature

Newbie Joined: 16 Dec 2006 Posts: 22

Just a quick heads up - the link from lvaz's last post in the other NSFG thread (LOCKED in the LIST) does not, for some reason get you here (or anywhere if there is a third thread). The reason is that it is http://ppp.s3.bizhat.com/viewtopic.php?p=16#16.

Perhaps you could fix this, levaz

Posted: Mon Dec 18, 2006 2:14 am

andydoc wrote:

Just a quick heads up - the link from lvaz's last post in the other NSFG thread (LOCKED in the LIST) does not, for some reason get you here (or anywhere if there is a third thread). The reason is that it is http://ppp.s3.bizhat.com/viewtopic.php?p=16#16.

Perhaps you could fix this, levaz

Thanks you for bringing that to our attention. We have rectified that error.
We apologize for the inconvenience.

Levaz

Investor Joined: 21 Sep 2006 Posts: 160

enobudd wrote:

salterus wrote:

Ok. Thank you. I was considering to propose the creation of a Pool for investing there... or even invest alone. After two months of researching, the online investments seems more and more risky to me.

Read, read, read, read, read and finally read!!
1. Forums
2. Blogs
3. Blogs
4. Forums
5. Forums
6. Forums
7. Forums
8. Blogs
9. Forums
10. Forums
11. Forums
12. Forums
13. Blogs
14. Forums
15. Forums
16. Forums
17. Forums
18. Blogs
19. Forums

that pretty much sums it all!

in addition read "specialized" literature

Don't forget to analyse your reading after Wink

I found that most forums and blogs are generally giving the same information, a lot of cheerleading and speculation.
Blogs are generally copy paste of forums or other blogs.

But still good sources of course.

For me the only interest of those is to find interesting people to add to my network, private informations is always better and you can evaluate the info based on the trust you can place in your contact

Posted: Mon Dec 18, 2006 2:52 pm

Gray Eminence wrote:

Don't forget to analyse your reading after Wink

I found that most forums and blogs are generally giving the same information, a lot of cheerleading and speculation.
Blogs are generally copy paste of forums or other blogs.
But still good sources of course.
For me the only interest of those is to find interesting people to add to my network, private informations is always better and you can evaluate the info based on the trust you can place in your contact

There was a nice discussion on hyipD a few months ago about that very same topic - contacts are the key to good information. The net (google, blogs, forums, etc.) can be used to verify and perform further evaluations of such privileged information.

Levaz

Newbie Joined: 18 Dec 2006 Posts: 23

It appears they were running a ponzi while running a legit managed forex account as a cover for it, i must admit though i haven't been watching events closely at all with this program but i been around when they opened up and almost thought of joining at the time, but im pretty sure thats what happened even if they don't admit to it.

Moderator Joined: 19 Sep 2006 Posts: 226

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

Newbie Joined: 18 Dec 2006 Posts: 23

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Investor Joined: 21 Sep 2006 Posts: 160

dollarsblog wrote:

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Or you're speaking about another program (FXE maybe?) or you don't have a clue about what you're talking here Shocked

MAs are still running and well managed, small earnings there but honest one.
The pooled account isn't a scam, the funds seizure by the Danish gov has been confirmed and one the day the funds could be released. Even if not, they are working hard n the recovery and refunded all people who wanted to leave the program.

If you're only goal here is to promote your blog, be carefull, it's not the best tactic

Posted: Wed Dec 20, 2006 12:11 pm

Gray Eminence wrote:

dollarsblog wrote:

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Or you're speaking about another program (FXE maybe?) or you don't have a clue about what you're talking here Shocked

MAs are still running and well managed, small earnings there but honest one.
The pooled account isn't a scam, the funds seizure by the Danish gov has been confirmed and one the day the funds could be released. Even if not, they are working hard n the recovery and refunded all people who wanted to leave the program.

If you're only goal here is to promote your blog, be carefull, it's not the best tactic

I fully agree with GE here. NSFG never was a ponzi. They made a mistake in covering up the loss, and they owned up to it. That is all there is to the episode.

I must question your motives with this one, Dollarsblog.

Levaz

Posted: Wed Dec 20, 2006 8:23 pm

Quote:

I must question your motives with this one, Dollarsblog.

I don't know Dollarsblog, but I've seen situations similar elsewhere.

In statistics we have type I and type II errors....otherwise known as false positives and false negatives.

It could be that Dollarsblog is prone to false negatives...i.e., rejecting a true hypothesis as false....or something like that...my stats are rather rusty!

Either way, DB's post make for interesting reading, albeit rather negative (not that there is anything wrong with that, as Seinfeld would say!)

Cheers, Motu

Newbie Joined: 24 Sep 2006 Posts: 50

nsfg are working hard to get back on track dollars blog is talking rubbish

Newbie Joined: 18 Dec 2006 Posts: 23

levaz wrote:

Gray Eminence wrote:

dollarsblog wrote:

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Or you're speaking about another program (FXE maybe?) or you don't have a clue about what you're talking here Shocked

MAs are still running and well managed, small earnings there but honest one.
The pooled account isn't a scam, the funds seizure by the Danish gov has been confirmed and one the day the funds could be released. Even if not, they are working hard n the recovery and refunded all people who wanted to leave the program.

If you're only goal here is to promote your blog, be carefull, it's not the best tactic

I fully agree with GE here. NSFG never was a ponzi. They made a mistake in covering up the loss, and they owned up to it. That is all there is to the episode.

I must question your motives with this one, Dollarsblog.

Levaz

Prove it that there pooled funds wasn't a ponzi. You can't....

Investor Joined: 21 Sep 2006 Posts: 160

dollarsblog wrote:

levaz wrote:

Gray Eminence wrote:

dollarsblog wrote:

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Or you're speaking about another program (FXE maybe?) or you don't have a clue about what you're talking here Shocked

MAs are still running and well managed, small earnings there but honest one.
The pooled account isn't a scam, the funds seizure by the Danish gov has been confirmed and one the day the funds could be released. Even if not, they are working hard n the recovery and refunded all people who wanted to leave the program.

If you're only goal here is to promote your blog, be carefull, it's not the best tactic

I fully agree with GE here. NSFG never was a ponzi. They made a mistake in covering up the loss, and they owned up to it. That is all there is to the episode.

I must question your motives with this one, Dollarsblog.

Levaz

Prove it that there pooled funds wasn't a ponzi. You can't....

They have thousands of dollars in MAs but they will risk their entire business to run a miserable ponzi wich could be handled better and close with millions.

Comm'on, get realistic

You didn't yet clarify f you're really thinking to NSFG, because your assumption fit too well to FX Expert

Newbie Joined: 18 Dec 2006 Posts: 23

Gray Eminence wrote:

dollarsblog wrote:

levaz wrote:

Gray Eminence wrote:

dollarsblog wrote:

d1ck0 wrote:

Several trustworthy investors that I personally believe authenticated the reported loss of funds to the Danish authorities. NSFG a Scam program, no I do not agree with you there. Miss management of our funds? Yes, but that is a very different to calling NSFG a ponzi scam.

No what im saying is they were operating a ponzi scheme with their "pooled" fund. ponzis are the bread and butter, you can't make any serious money with managed forex accounts like you can with a good ponzi scheme. The managed forex accounts were just a smokescreen. Heck maybe that was a scam too, i don't know enough about what happened with the managed accounts or who ran them to know if the brokers were in on that too.

Or you're speaking about another program (FXE maybe?) or you don't have a clue about what you're talking here Shocked

MAs are still running and well managed, small earnings there but honest one.
The pooled account isn't a scam, the funds seizure by the Danish gov has been confirmed and one the day the funds could be released. Even if not, they are working hard n the recovery and refunded all people who wanted to leave the program.

If you're only goal here is to promote your blog, be carefull, it's not the best tactic

I fully agree with GE here. NSFG never was a ponzi. They made a mistake in covering up the loss, and they owned up to it. That is all there is to the episode.

I must question your motives with this one, Dollarsblog.

Levaz

Prove it that there pooled funds wasn't a ponzi. You can't....

They have thousands of dollars in MAs but they will risk their entire business to run a miserable ponzi wich could be handled better and close with millions.

Comm'on, get realistic

You didn't yet clarify f you're really thinking to NSFG, because your assumption fit too well to FX Expert

You can make more in a ponzi then you can in MA's because you make only a very tiny percent cut off of them. Please don't insult my intelligence.

Posted: Thu Dec 21, 2006 10:06 pm

I believe GE's question is genuine. He really feels that you may be talking about FX-E as opposed to NSFG. There is no reason to be (or feel) insulted, our forum is about protecting our members, not feuding with each other.

We only want the truth, backed with evidence, as per our rules. Claims can be made by anyone; if and when something works in our favor, it is then easy to come and say "See, I told you guys months ago".

Kind Sir, please share your knowledge and let us know why you would say such things about NSFG. I am NOT being sarcastic! I would honestly like to see some show of evidence.

Levaz

Investor Joined: 21 Sep 2006 Posts: 160

dollarsblog wrote:

You can make more in a ponzi then you can in MA's because you make only a very tiny percent cut off of them. Please don't insult my intelligence.

Sorry Dollarsblog, I don't see any insult in my comment, just some miscommunication I guess

All what I said : NSFG have a real core business with their MA's, they wouldn't risk this real core business for a pool ponzi, especially with the money seized by the government meaning not a cent of profit. The MAs are real , with thousands (or even more) dollars in those, they don't need the pool account, it was useful in the begin to promote NSFG and their MAs

I'm really convinced you're mixing NSFG and FXE

Posted: Fri Dec 22, 2006 2:16 pm

Gray Eminence wrote:

I'm really convinced you're mixing NSFG and FXE

I think, GE, this is the part he finds insulting to him!! That you feel he is mixing the two up.

Levaz

Investor Joined: 21 Sep 2006 Posts: 160

levaz wrote:

Gray Eminence wrote:

I'm really convinced you're mixing NSFG and FXE

I think, GE, this is the part he finds insulting to him!! That you feel he is mixing the two up.

Levaz

If it's the case, sorry but it's my opinion, based on his post, on his blog, on the forum linked to it (yes I do my homework)

GE

Newbie Joined: 16 Feb 2007 Posts: 44

Perhaps 2007 will be the year that Ken and Paul turn things around. Here's some recent information:

"The good news is that since we have adopted this style we have had 5 weeks in a row profits and already have LOCKED IN 10% for February for you guys!!

I firmly believe that if the loss from last month was the cost that we had to pay to bring in this method, then it is a cost worth paying, as going forward into 2007 it is going to make a HUGE difference to the returns we can produce."

Well, hope springs eternal.

My first post here.....I belong to many other forums and have been working the hyip arena for six years. This looks like a professionally run venue----glad to be here.