Huz Farooq of Trade Straightforward claims to be a multi-millionaire futures day trader. He also claims to be a cash manager for many Fortune 500 firms, claims to have been mentored by Jesse Livermore (expired in 1940), asserts to easily earn $50k monthly from trading, and asserts that pupils can flip into a $2k investment into 1 million dollars in only 18 months.
And he wants you to pay him $5,491 for his super-secret trading strategies.
Ahead of supposedly being a fulltime futures trader, we recorded a long list of promotions which can only be described as despicable get-rich-quick scams. Some of them include a pyramid scheme named Instant Downline Network, a course on how best to pick up beautiful babes, vitamins which treat all of life’s diseases, earn money at home by simply clicking on ads, a ridiculous secret shopper scam that claims you can make $50k per month by purchasing products, and the list continues on and on…
Huz Farooq is a petty hustler attempting to graduate to the major league scammer Hall of Shame with his latest hustle…Trade Simple.
A moron which needs to be quarantined from grandmas checkbook.
Thanks for reading today’s review of Trade Simple
Trade Simple is a day trading educational company owned and operated by a person named Huz Farooq. Currently, the company is selling a set of trading systems that are primarily focused on the futures and Forex markets. The trading systems are importable through the MultiCharts trading platform. The cost of the trading systems and educational materials are $5,491.
However, the consumer must also purchase a copy of MultiCharts. The cost of MultiCharts is either $99 per month or $1497 for a lifetime license. Therefore, the total investment to own everything outright is $6,988.
A fast overview of the Trade Straightforward website reveals that the site is currently a ClickFunnels or Infusion Soft brand website. What does this mean? ClickFunnels and Infusion Soft are conversion concentrated website builders in which the customer starts at point A and progresses through a set of progress points that finish with an offer to purchase a service or product. I call these kinds of websites…’primrose path’ marketing regimes.
Primrose path marketing usually begins with a tempting offer to view some sort of ‘secret’ webinar, where the trading educator will offer some sort of proof of success via screenshots of supposed trading accounts, which leads to the display of the magical trading indicators, and then finishes with an amazing offer.
The offer is always some sort of ‘special’ that can only be obtained by purchasing RIGHT NOW. Only at this very moment. We have all seen it before. It’s tempting.
Huz Farooq of Trade Simple has designed his website as a strict conversion funnel.
Trade Simple: the primrose path
It all starts innocently enough. The customer would like to make money. The consumer arrives in the Trade Straightforward Official site and is instantly greeted with a pleasant video that claims that Huz Farooq will teach you to”Make constant growing income regular form your personal computer” and Huz will”Boost your income to 6 or 5 amounts monthly by taking just one trade every day.” Sounds amazing, if its true.
The consumer is interested with all the 2-minute teaser movie and then signs up for the’Free Live Webinar.’ The supposedly live webinar is scheduled for the following day at a specific time.
The night before the webinar, the consumer will receive a video proclaiming that “Today was an awesome trading day” and that Huz Farooq supposedly executed 39 trades and 37 of the trades were winners. Think of this video as a teaser video. Something to wet the appetite and build a hunger to watch the webinar the following day. Admittedly, it’s effective marketing.
Once the consumer arrives for the official webinar, they are greeted with what appears to be dozens of fellow traders, also arriving for the ‘special webinar.’ Of course, its all a recording with the intention of deceiving the consumer into believing that they are attending a live event. But it sure feels live. And it feels warm.
The webinar begins with ‘proof’ of trading success from Huz Farooq. I won’t beleaguer you with every fine detail of this one-hour infomercial, so the following are several key points that we recorded from the webinar.
- Huz Farooq claims to have “earned $3.5 million the prior 36 months of trading.”
- Claims to have spent 10 years managing all of the investments for several Large-cap investment funds.”
- Lives the laptop lifestyle of trading and traveling. A life of complete freedom.
- Claims that Jesse Livermore was his personal mentor and the “Worlds greatest stock scalper.”
- Claims that students that start with $2k can reasonably expect to earn $1 million dollars within 18 months.
- Claims to typically earn $50k per month, with ease.
Obviously, from reading this list of supposed claims, you should be a little bit skeptical. I certainly was. This has all the hallmarks of a get rich quick scheme, yet another work from home scam.
Digging deeper into the life of Huz Farooq
Huz Farooq claims he is a professional money manager, an algorithmic trading system programmer, a multimillionaire day trader. But is he really? We dug a little deeper and uncovered a web of what I would consider being dishonest promotions. Let us take a closer look…
Prior to being a”professional futures trader” he operated a series of now-defunct websites that catered to the bottom of the low, get rich quick scam artists. He had a company named HF Marketing and HFmoneysolutions.com. What has been Huz Farooq advertising? A better question is, what was that he not selling!
- A pyramid marketing scheme named Instant Downline Network.
- A job scam where you would earn $2k per week through social media.
- Earn $3k per day by placing nearly free ads on Facebook.
- A guaranteed system on “how to attract the most beautiful women on the planet.”
- How to beat any casino slot machine with a magnetic device.
- A computer program that is guaranteed to pick the lotto numbers.
- Earn $45k per month as a “mystery shopper.”
- A vitamin supplement that cures obesity and hair loss, at the same time.
As you can read, this is pretty funny stuff. There are quite a few promotions. To streamline and narrow his many promotions, I took screen clips to give you a flavor of what he has been serving the public…
These images and many promotions paint a more complete picture of Huz Farooq. The question you should be asking yourself…do you really want to be taking investment advice from a person that has spent the past 10 years of his life executing what appear to be petty confidence games?
‘Real’ account statements?
Yes, the webinar does proclaim to show “real account statements” of supposedly successful trading. However, as we dug deeper into the supposedly real performance summaries, we could not help but notice that these supposedly “real account statements” were nothing more than screenshots from within the MultiCharts platform.
Anyone, and I mean anyone can recreate a fictional mockup of “real account statements” that appear to be legitimate. Below is a screenshot of what Huz Farooz displayed during the webinar…
In spite of the ‘House of Cards’ in which Trade Simple appears to be living within, TradingSchools.club reached out and requested for proof in the form of verifiable account statements. Unfortunately, Huz Farooq of Trade Simple ignored all of our email requests.
Thanks for reading. Would love to know your thoughts and opinions.