Scam-Reports
By: Sarah Newman

  

"Exposing Scams all over the Internet"
 

 

Is Jake Bernstein and Trades-Futures just a Scam?

 

 

 

Jake Bernstein is the President of MBH Commodity Advisors Inc. and Bernstein Investments.  He is a self-proclaimed guru of future trading, and states he is a market expert knowing how to play ever cycle. Bernstein makes it appear that by using his Trade-Futures programs and taking his advice any one make an easy fortune in future trading.   These "get rich quick" trading strategies have been growing quite popular do the large amounts of easy profits that they promise.  Many authors out there offer similar products, but they all seem to have the same hold ups. I got a chance to test out Jake Bernstein  's  Trade-Futures   programs for a while before I found my current investment system.


Jake Bernstein offers a wide variety of products ranging from news letters, audiotapes, books, and seminars. All of these products are very pricey to get started with, some costing into the $3,000s! But with the amount of profits he said I could make, paying to sign up for his programs seemed like a no brainer.


I after using his system for two month I made no profits. I was only losing money on my investments, and lost money paying for his over priced advice.  I went on to learn that experts had traced his Trade-Futures investment advice over the past 5 years, and if you would of listened to his advice exactly you would of lost money every single year!!


It is clear that Jake Bernstein had made his fortune in selling his advice not actually using it.  I ended up finding out there was even an article in Forbes Magazine by well respect financial analyst William Green talking about how big of a scam Jake Bernstein's programs were.  


William Green  wrote "Jake Bernstein professes to be an expert on the psychology of trading. His qualifications? In registering with the Commodity Futures Trading Commission, the Montreal-raised Bernstein wrote that he held a master's degree in psychology from Chicago's Roosevelt University. In fact, he never completed his master's studies." He also wrote "Does anyone believe his nonsense? Unfortunately, yes. Intoxicated by the promise of easy money, audience members line up to buy Bernstein's products."  The article went on to show how big of a fraud  Jake Bernstein was. This was such a shock to me.  I got scammed!


Overall I highly suggest you stay away from any of Jake Bernstein's products, and programs, or any sort of future trading advice.  Future trading is highly risky unless you know exactly what you are doing.   It took me 5 years, but I am glad I finally found an opportunity that works for me.


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Good Luck,
Sarah Newman