Mirror Trading International

[Snyper564]

I don't think he wants to answer anymore. Not very transparent.

Haha I didn't think he would last long. Think he crapped himself when he saw we weren't EATING UP HIS NONSENSE

 

[Bandersnatch]

I would like to know who or what or how determines what they daily post as trading profits?
Do they have a hat they pick numbers out of, spin a wheel, or is it a function of the bot too?
Maybe that report is the function of the bot, and that is why they all believe it.

It's probably directly related to how much new deposits less withdrawals are.

 

[Venator]

It's probably directly related to how much new deposits less withdrawals are.

Perhaps to some extent....but by virtue of being a Ponzi the claimed daily growth would exceed the actual growth in deposits.

 

[PsyWulf]

I would like to know who or what or how determines what they daily post as trading profits?

 

[Speedster]

I remember reading a comment from fxchoice somewhere (YouTube comments or forexpeacearmy I think) that the initial trading video was from a demo account. Does anyone know where I can find that comment?

Edit: found it.

 

[D@leW]

How can verified accounts be forged, Verified means an independent professional of good standing has put a signature to it. I am thinking of a KPNG et el

The Guptas and VBS would likely disagree with you about the reliability of verified data from KPMG, so in this respect I think MTI almost has a point. With sufficient funds they probably could buy some forged verified accounts, but given how stingy they are when it comes to paying for things like website security and marketing videos, I doubt their fraud concealing budget is more than a handful of blessings, and even then it's probably blessing from a minor deity.

 

[LJ1234]

I'm still waiting for my response

You aren't used to being ignored

 

[PsyWulf]

The Guptas and VBS would likely disagree with you about the reliability of verified data from KPMG, so in this respect I think MTI almost has a point. With sufficient funds they probably could buy some forged verified accounts, but given how stingy they are when it comes to paying for things like website security and marketing videos, I doubt their fraud concealing budget is more than a handful of blessings, and even then it's probably blessing from a minor deity.

Probably be presented in Rupees,with the decimals in the wrong place too

SEE PROOF

 

[LinuxMan]

Indians are on the job. They don't take any k@k
The police not the developers

Indian Police Investigate 3 Companies Running a Crypto Ponzi Scheme, CEO Charged – News Bitcoin News

Three companies allegedly running a large-scale cryptocurrency Ponzi scheme are being investigated by Indian police. The scheme promises extraordinary returns to investors. The police have registered a case against the alleged CEO of the companies.

news.bitcoin.com

 

[MONTHEBIFF733B]

Hi guys help me here with an calculation...



So if MTI claims to trade with a 1% daily average, the investor’s cut is mos 0.4% right? So the investor gets the profit devided by 2.5



1 - So lets say I trade with R100 at 1% daily return (weekdays and compounded daily). After one year I would have made R3651.04 interest. If I devide that by 2.5 to calculate the investor’s cut, I get R1460.416 which is more than 14 times the initial investment


2 - If however use the 0.4% as the interest rate from the get go to calculate the yield of R100 after a year, I get R328.84 interest wich is just over 3 times the inital investment.


So herein lies the rub for me. According to me, the correct way to calculate the investor’s cut is the first calculation: 1% yield every day, devided by 2.5 evey day.



The results the investors seem to get from the back office, however, reflects results more towards calculation number 2 (even the website’s calculator indicated a +- 3 fold yearly growth when it was still up) which I think is dead wrong.



You can only devide the yield by 2.5 at the end of the day. You can’t devide the interest rate by 2.5 before even starting to trade.



Right?

 

[Venator]

Hi guys help me here with an calculation...



So if MTI claims to trade with a 1% daily average, the investor’s cut is mos 0.4% right? So the investor gets the profit devided by 2.5



1 - So lets say I trade with R100 at 1% daily return (weekdays and compounded daily). After one year I would have made R3651.04 interest. If I devide that by 2.5 to calculate the investor’s cut, I get R1460.416 which is more than 14 times the initial investment


2 - If however use the 0.4% as the interest rate from the get go to calculate the yield of R100 after a year, I get R328.84 interest wich is just over 3 times the inital investment.


So herein lies the rub for me. According to me, the correct way to calculate the investor’s cut is the first calculation: 1% yield every day, devided by 2.5 evey day.



The results the investors seem to get from the back office, however, reflects results more towards calculation number 2 (even the website’s calculator indicated a +- 3 fold yearly growth when it was still up) which I think is dead wrong.



You can only devide the yield by 2.5 at the end of the day. You can’t devide the interest rate by 2.5 before even starting to trade.



Right?

No no, you're trying to divide the same number into different exponential calculations.

For example, 100 ^ 3 = 1000000

40 is 0.4 (or 40%) of 100, right? So what you're trying to say is that if 40 is 0.4 of 100, then 40 ^ 3 = 400000 (40% of 1000000).
It doesn't work that way. 40 ^ 3 = 64000

 

[Speedster]

Hi guys help me here with an calculation...



So if MTI claims to trade with a 1% daily average, the investor’s cut is mos 0.4% right? So the investor gets the profit devided by 2.5



1 - So lets say I trade with R100 at 1% daily return (weekdays and compounded daily). After one year I would have made R3651.04 interest. If I devide that by 2.5 to calculate the investor’s cut, I get R1460.416 which is more than 14 times the initial investment


2 - If however use the 0.4% as the interest rate from the get go to calculate the yield of R100 after a year, I get R328.84 interest wich is just over 3 times the inital investment.


So herein lies the rub for me. According to me, the correct way to calculate the investor’s cut is the first calculation: 1% yield every day, devided by 2.5 evey day.



The results the investors seem to get from the back office, however, reflects results more towards calculation number 2 (even the website’s calculator indicated a +- 3 fold yearly growth when it was still up) which I think is dead wrong.



You can only devide the yield by 2.5 at the end of the day. You can’t devide the interest rate by 2.5 before even starting to trade.



Right?

You're missing the effect of compounding the full daily 1% in your first calculation.

 

[bye_empty_eye]

I remember reading a comment from fxchoice somewhere (YouTube comments or forexpeacearmy I think) that the initial trading video was from a demo account. Does anyone know where I can find that comment?

Edit: found it.

 

[D@leW]

Hi guys help me here with an calculation...



So if MTI claims to trade with a 1% daily average, the investor’s cut is mos 0.4% right? So the investor gets the profit devided by 2.5



1 - So lets say I trade with R100 at 1% daily return (weekdays and compounded daily). After one year I would have made R3651.04 interest. If I devide that by 2.5 to calculate the investor’s cut, I get R1460.416 which is more than 14 times the initial investment


2 - If however use the 0.4% as the interest rate from the get go to calculate the yield of R100 after a year, I get R328.84 interest wich is just over 3 times the inital investment.


So herein lies the rub for me. According to me, the correct way to calculate the investor’s cut is the first calculation: 1% yield every day, devided by 2.5 evey day.



The results the investors seem to get from the back office, however, reflects results more towards calculation number 2 (even the website’s calculator indicated a +- 3 fold yearly growth when it was still up) which I think is dead wrong.



You can only devide the yield by 2.5 at the end of the day. You can’t devide the interest rate by 2.5 before even starting to trade.



Right?

Assuming 260 trading days a year, the annual effective rate is:
((1+0.4/100)^260-1)*100 = 182.34% return per annum

In other words, if you start with R100, after a year you'll have an extra R182.34, or R282.34 in total.

In 5 years you'd have R17,940.17
In 10 years you'd have R3,218,498.44

 

[tetrasect]

Assuming 260 trading days a year, the annual effective rate is:
((1+0.4/100)^260-1)*100 = 182.34% return per annum

In other words, if you start with R100, after a year you'll have an extra R182.34, or R282.34 in total.

In 5 years you'd have R17,940.17
In 10 years you'd have R3,218,498.44

If you invest R100.- and get 0.4% daily interest 5 days a week you'd have R210,359,955.11 in 10 years time.



Calculator used: https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

 

[D@leW]

If you invest R100.- and get 0.4% daily interest 5 days a week you'd have R210,359,955.11 in 10 years time.


View attachment 928589
Calculator used: https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

That calculation is compounding 5-days a week, but it still earning interest on the other 2 days. Try to again with compounding daily and the result is:

 

[MONTHEBIFF733B]

Assuming 260 trading days a year, the annual effective rate is:
((1+0.4/100)^260-1)*100 = 182.34% return per annum

In other words, if you start with R100, after a year you'll have an extra R182.34, or R282.34

Ok so please just humour me. Could you do that same calculation for 1 year with 1% instead of 0.4%. I want to compare the answers

 

[MONTHEBIFF733B]

No no, you're trying to divide the same number into different exponential calculations.

For example, 100 ^ 3 = 1000000

40 is 0.4 (or 40%) of 100, right? So what you're trying to say is that if 40 is 0.4 of 100, then 40 ^ 3 = 400000 (40% of 1000000).
It doesn't work that way. 40 ^ 3 = 64000

No no, you're trying to divide the same number into different exponential calculations.

For example, 100 ^ 3 = 1000000

40 is 0.4 (or 40%) of 100, right? So what you're trying to say is that if 40 is 0.4 of 100, then 40 ^ 3 = 400000 (40% of 1000000).
It doesn't work that way. 40 ^ 3 = 64000

Yeah i get that I think. Thank you for setting up the premise...I articulated my question poorly



So using your example, it seems to me that that is exactly the mistake MTI is making when they calculate the yield



Instead of (1) calculating the daily average 1% yield and THEREAFTER deviding it by 2.5 to get to the investor’s 0,4% cut, they are rather (2) calculating the yield directly with an interest of 0.4%

 

[Speedster]

Yeah i get that I think. Thank you for setting up the premise...I articulated my question poorly



So using your example, it seems to me that that is exactly the mistake MTI is making when they calculate the yield



Instead of (1) calculating the daily average 1% yield and THEREAFTER deviding it by 2.5 to get to the investor’s 0,4% cut, they are rather (2) calculating the yield directly with an interest of 0.4%

Their maths is correct. Their trading method, or lack thereof, is the problem.

 

[Venator]

Yeah i get that I think. Thank you for setting up the premise...I articulated my question poorly



So using your example, it seems to me that that is exactly the mistake MTI is making when they calculate the yield



Instead of (1) calculating the daily average 1% yield and THEREAFTER deviding it by 2.5 to get to the investor’s 0,4% cut, they are rather (2) calculating the yield directly with an interest of 0.4%

hmmm, not quite sure what you mean.

They state that normal members will get around 10% profit per month (just from ROI). If we were to assume an average daily profit of 1% for MTI, and thus 0.4% to members via ROI, and you start with $100..after 20 days (5 days a week, 4 weeks):

100 x (1+ 0.004)^20 = 108.3 = 8.3% profit to members via ROI

whereas MTI would claim to have made:
100 x (1+ 0.01)^20 = 122.02 = 22 %