I cannot express how happy I am that we are finally discussing these matters openly.

As this is indeed a rare opportunity,I'll be as direct as possible. So I'll state your question then I'll answer it.

QUESTION A: Thanks Mr. Alala for your audience,but i'd like you to just give us a percentage of the number of people who have lost money in your organisation due to your misleading information.
ANSWER: The answer is zero. How is this? you ask: No single person deposits any money with my organisation. Genius Forex has never accepted a single shilling as investment as this is against section 3 of the Banking Act of Kenya. If you have any information to the contrary please publish it here with specific details.

If your question is how many people have lost money in FX,the answer is every single FX trader in the world has had numerous losing trades. Ngaatu and Tonicasert can testify to this. There is no single FX trader in the world who has never had a losing trade.

Now,if you are asking how many people have lost money because of our information,the answer is zero. We have never advised people to take any particular trade. That is not our business. Our business is (a) introducing people to forex (b) training them in FX (c) building free automated trading software (see advert on the top of this webpage)and (d) Managing FX accounts. We never offer advise on when to buy and when to sell.

QUESTION B: How many people you have trained and are making money real cash at the moment.
ANSWER: I got permission from several clients who are making cash at the moment. Please do not hesitate to contact the following at will but please do not abuse their email addresses:

Jackie Owino (jackyowino at gmail dot com),Joseph Nyakundi (joenyakundi at yahoo dot com),Stephen Munyao (munyao at merchantcapital dot com),Joseph Yego (alliedfx at gmail dot com),Alex Kulubi (kulubialex at yahoo dot co dot uk),Philip Onkware (forexponkware at yahoo dot com),Henry Kamau (kamauhenry at gmail dot com,Emily Oruo (eoruo at yahoo dot com), Luke Gatimu (no permission for email) and Moses Mukari Tapataiya (mosesmukari08 at yahoo dot com).

Over and above these ten,I can provide you with hundreds more privately if you visit my office on View Park Towers 15th Floor,Utalii Lane,Nairobi Kenya .


QUESTION C: The reason am asking is because i meet people everyday who trade forex and try and find out where they learnt it from and guess what,most say that they passed through your organisation and well they got nothing from it "no offense" so they had to be trained by another person and thats why they are profitable.
ANSWER: Conceded,I cannot claim that all my trainees are making cash. But I can claim that of any FX training institution in Kenya,our trainees are the most successful. Do not just believe me. With your permission I would like to post 50 trading account statements online for all to see from former trainees. Is there any other trainer in Kenya can match this invitation - ask your trainees to post their trading account statements online? With your permission I will do it. For a start visit Joseph Yego's on http://www.forexkenya.com/pages/eds_detail.htm where he implemented our patented eds trading system.


QUESTION D: Secondly,i've seen where you deposit clients money,you have two specific brokers one is GAIN Capital and the AVA FX. i have just one question which body regulates this two brokers so that in the case your clients money disappears,you can report this issue.
ANSWER: First,I do not deposit clients money. I never touch the clients money. Clients are the only people with access to their money. They are the ones who deposit the money with the broker. At no time does Genius touch that money.

Well,we are introducing brokers with GAIN Capital,AVA Financial and,most recently,FXCM contracted us to be their top Referring Broker (which means they provide us with operational and marketing support). GAIN and FXCM are regulated by the National Futures Association and the Commodities Futures Trading Commission and AVA is regulated the Financial Services Authority in UK,the Cyprus Securities Exchange Commission and the German Financial Supervisory Authority in Germany.

QUESTION E: Do you your clients also know the leverage used in each account and how it affects they investment. I just see you charging clients for a service you not informed about.
ANSWER: Yes,clients always do know the leverage used in each account and how it affects their investment. Please specify what service is this you say we charge for?

I hope my response is at least informative if not convincing. Please do not hesitate to ask for more information.

And thank you very much for coming out like this.

very insightful. i would however not do business with you given the chance coz of your email. a whole biz with a yahoo email? upgrade my guy

DON'T DIG YOUR NOSE. IT'S SO NOT COOL!!!

Please Guys who are somehow crirtics without having the basic information or know information but are only there to distort the realistic information.For informationA. Fxafrica does not have any superior expert advise as purpoted or insuniated by few guys who are only misrepresenting the facts because of commercial gains or personal fears.What we have is the information which we develop daily over a considerable period of time and we continue to update our skills regurlaly.B. We do advice guys voluntarily as this a financial market like any other market and it needs economic skills and market skills for proper intepretention.There are no miracles like using " superior system as said by guys with selfish motive".We do not force a person its a person will to get the information if he deems so based on his analysis.C. We do advice to take time before trading in the market,we do not open a demo(fake money) account the brokers do open not us.Yes the person needs to take enough time to practise,but a person can not practise what he does not know,he needs to know the information.Similarly we recomend before you invest with a person let the person have traded in live account first not demo account.MInd you the perfomance of past is not of the future!D. Mr alala is saying they have been testing "expert advisors" and have seen they are robotic of nature and are not consistent because of ignoring infromation. C'mon Mr. I bet the guys you are testing are your students or people without information trying to level themselves with economics facts.We are not testing the economics facts we are driving the information facts of economics.Those guys you have been testing a guys who only end up misrepresenting the facts because of information deficiency.- Your defense of that people mis fundamentals like war,death of an important person e.t.c are for naive and people with no information of facts of markets and economics.How can a person miss that information if he is really analysing the market!Those sentiments please are for ignorant guys or those people with no information about financial markets.- Can you ask mr.alala who are technicals and fundamentals?and how do the technical guys derive the information,don't they derive the information based on research of fundamentals and analysis and developing systems which they have tested for some time._All financial institutions globally and locally are deriving their analysis from where?technicals and if technicals where do they get their analysis from.We do encourage a person to have technicals but not in a silver platter as purported please you do need your own information and skills there is no magic as said.Where do all guys in financial markets derive their information if economic facts should be rubbished,from stock market,mutual funds,forex commodities e.t.c please be realistic in information and advice to guys.What guys are doing is giving you a holy grail and not subjecting a person to information research which in the long run makes him a slave of the said person regarding reports as he will not have skills to interpret the market time after time,so the said people will be the ones who will benefit by being begged for management of fund or assistance.We do not hide information we tell the reality.For technicals we do support as they very helpful; and research for the a lot and they are really helpful but they need analysis for proper consisteny in the market,let no person dupe willing investors with half facts.We are still developing a site which we will give daily analysis helped by good firms and sites for additional information,thats why i do have an e-mail with @yahoo.com if it rolls it will be normal.We believe ourselves with information thats why we will be issuing analysis and not hiding as my other fellows because they are only dependent on systems because of information deficiency! For Guys who have been conned with mint capital and royal fortune or Posta Sacco Guys fell on their trap because of being promised illusions but not hard facts.Am very sorry for them being taken into the dirt despite the two guys being regulated.For @GOOD FELLA be proud of having information rather than illusions which are practical in the short run,as an investor you need to be sustained in the game for a long time and you need information and skills based on experience and researching.Thanks

@NGAATU

With all respect to these two bright fellows,why dont you discuss forex amongst yourself. Exchange emails for gods sake.... This thread has one of you originating an idea and the other responding.

The truth shall set you free

I think it will be helpful to all of us if we separate facts from opinions.

Fact is 90% of Forex Traders are losing money. Some people have no business trading forex considering the risk involved. Everyone should carefully consider their risk appetite and seek the advice of a financial advisor when in doubt not a forum discussion.




Trading financial instruments involves substantial risk of loss. Please seek the advice of an independent financial advisor if you have any doubts.