Page Trader

Page Trader
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
1.0

Summary

Page Trader is a ridiculous scam. The owners of the company, David Williams and Jerry Fagnant are a couple of long-time hustlers selling a magical trading indicator that is "guaranteed to predict the future of all financial markets, on all time frames, into infinity." Yep, they claim to be able to predict exact tops and bottoms in price, into infinity. For only a small fee of nearly $9,000 and $500 each month, you too can predict the future. All of your financial worries will disappear by learning the super-secret Reflective Wave financial formula.

Unfortunately, the track record of 100% winning trades could not be verified. And let's not forget that Jerry Fagnant was recently permanently barred by Finra for hustling a client into lending him $325k in a promissory note scheme.

A couple of real winners, spreading their financial advice like venereal crabs in a $19 motel room. Avoid.

Pros: Nothing to recommend.
Cons: A magical trading indicator being offered by a couple of market charlatans. Complete and total nonsense. Track record of supposedly 100% winning and real trades is an outrageous fraud. Financial nonsense at its finest.

Thanks for reading today’s review of Page Trader

What is Page Trader? The company is a day trading, and swing trading educational company that is owned and operated by David Williams and Gerry Fagnant. In addition to offering an educational product, the company also offers a live day trading room, as well as a trading signal service that covers 16 different futures markets. The live day trading room is primarily moderated by Gerry Fagnant.

A background check on Gerry Fagnant revealed that a person named Gerard Anthony Fagnant was permanently barred from the securities industry on April 19, 2016. Apparently, Gerry convinced an account holder to invest in a private promissory note of $325,000 from their primary securities account. Gerry simply deposited the $300,000 into his personal checking account, and a short time later, the money simply vanshed like a fart in the wind.

According to Finra, the money is still missing. And now Gerry is offering investment advice through Page Trader.

Where is Page Trader located?

The address listed on the Page Trader website is 810 North Main Street, Las Vegas Nevada. A search of Google maps reveals that Page Trader is operating out of an abandoned store-front, nestled between Max’s Auto Repair and Tranny Service, and a thrift shop named Emma’s Closet. Which specializes in used furniture, toiletries, second-hand clothing, and used home decorations.

TradingSchools.org called both Max’s Auto Repair and Emma’s Closet and asked if they were familiar with Page Trader, David Williams, or Gerry Fagnant. Max’s Auto Repair spoke little English and was unfamiliar with the worldwide headquarters of Page Trader. Emma’s Closet also was unfamiliar with Page Trader, but informed me that recently, the location was used as a Mexican Foods Market that specialized in fresh tortillas and tacos. The following is a picture of the location, as per Google Maps:

Page Trader

What is Page Trader selling?

The crown jewel of Page Trader is an investment seminar and Master Forecaster Investment course that costs $8,495 per person.

Apparently, as per the Page Trader website, David Williams discovered a ‘secret formula’ called the Reflected Wave. This secret formula is guaranteed to predict exactly when a market will top or bottom, in all financial markets. The secret financial formula is 100% accurate on 5-minute bars, 60-minute bars, daily bars, weekly bars, and monthly bars. In fact, David Williams claims that his secret financial formula will correctly predict where prices will go…”Infinitely into the future.” No Joke.

David Williams has been selling his secret financial formula for over 20 years. In his promotional autobiography, David claims that in 1995, he gathered together a group of seasoned professional traders and demonstrated his secret financial formula. They were both amazed and shocked. All of them immediately, and gladly paid David a fee of $25,000 each, in order to have the secret formula revealed to them. However, each trader was sworn to secrecy and had to sign to sign an exhaustive legal agreement where each trader could never reveal the secret, for life.

However, David Williams has now broken his vow of silence and agreed to mentor a select number of new, serious market students. For only a small fee, the financial formula will be revealed, and it’s guaranteed to unlock an untapped and inexhaustible world of wealth and prosperity. But before you are allowed to learn this secret formula, each person must sign an iron clad, non-disclosure contract that they will not reveal the secret financial formula. Secret stuff folks.

Page Trader

I shall use this picture.

In addition to signing the contract of sworn secrecy, each person must also show two forms of legal identification which includes a picture. Its is of the utmost importance that David has a picture. The contract of super-secrecy must also be reviewed by your attorney and must be signed in the witness of a licensed notary. Secret stuff folks. Must include a picture.

In addition to being able to purchase the secret formula for the Reflective Wave, David Williams and Gerry Fagnant are also selling a venerable Las Vegas style buffet of additional trading products. List below:

  1. Live SP500 Messenger Service. Where each subscriber is sent a text of possible trade setups. $199 per month.
  2. Williams Edge Futures Signals Service. A multi-day swing trading service that uses the secret Reflective Wave formula. Used by some of the world largest money managers! $7,500 annual subscription.
  3. Williams Edge SP500. A multi-day, multi-week trading service. $1,995 annual.
  4. Williams Edge Pro. A live day trading room moderated by Gerry Fagnant. $500 per month.
  5. Master Forecaster Investment Course. $8,495 course that reveals the secret formula of Reflective Wave.

Track Record of Trades

Of course, a master investor such as David Williams and Jerry Fagnant are going to keep a highly detailed and accurate record of trading activities. When asked for actual brokerage statements to verify their investing awesomeness, they flat refused. Instead, they referred us to their supposed “Trading Performance Page” on their website.

After reviewing the performance page, we were amazed to see not a single losing trade. Month after month of supposed “real trades” and not a single loss. Wow, that Reflected Wave is really something special. Just sign up for the trading signals and your money worries are a thing of the past.

But what about the Live Day Trading Room? Did we witness the awesome powers of the Reflected Wave in action? Unfortunately, we did not. During the month of November 2016, we participated in several of the supposedly live trading sessions with Jerry Fagnant. Not once did we ever witness a live, or even a simulated trading account. Instead, we were fed a steady diet of “buy zones, sell zones, this area looks good, if we get to price X then we can expect price Y and Z. It was an obfuscated mish-mash of ridiculous financial story telling, soothe saying, astrology, and carnival act David Williams Page Traderguesswork. About as predictive as a bag of fortune cookies written in Latin.

The core problem with David Williams and Jerry Fagnant is that neither makes any clear and concise trading recommendations. There is no ‘enter at price X, exit at price Y, stop at price Z’. It’s all highly subjective mumbo jumbo that magically appears as a winning trade out of the ass end of a fortune teller.

Once again, when asked for proof that any of the trades are taken with a live trading account, they simply refuse. Instead, we must learn to “feel the Reflective Wave.” Whatever that means.

Wrapping Things Up

After reading this 100% corny and ridiculous promotional page, I have to wonder whom in the heck would be stupid enough to fall for this nonsense? And how could anyone simply hand Jerry Fagnant a check for $300k on simply a promissory note? It is really no surprise that Jerry simply deposited the money into his personal checking account and then disappeared. He must have thought to himself…”wow, what a sucker.”

And how could anyone believe such an outrageously dishonest track record of trades? No losers? It really makes me wonder how folks could fall for such a carnival-like track record. I guess that old PT Barnum saying, “There is a sucker born every minute” is true.

Thanks for reading. And don’t forget to leave a comment below.

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51 Comments on "Page Trader"

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Draira
Guest
Page Trader Review for Trading Schools.org 2-12-17 Actually the address is an error. Their address is 3111 S. Valley View, Suite B-211, Las Vegas 89102. I had trouble finding it when I went searching for it while in LV once. It is a dumpy warehouse style complex with their offices on the 2nd floor with multiple lock systems on the door and all blinds front and rear closed, perhaps a precaution to hide all their computer hardware due to the location of the complex. It is in the Chinatown area of LV and calling it dumpy is an understatement; it… Read more »
Friend of RW Trader
Guest
Friend of RW Trader
Draira, Thanks so much for your excellent post. What you say (and Emmett as well) makes a whole lot of sense (common and elsewise). We were wondering if you actually took the Reflected Wave seminar (the one that went for $7k and was only taught in Vegas); or are your observations based on attending his various sales webinars? I and my friend also attended several, no actually MANY, of the sales webinars and what you say, in retrospect to us, is absolutely true. (The two of us have been trading buddies for quite awhile, swapping ideas, pain, and suffering). The… Read more »
Nobody Special
Guest
Nobody Special
Indicator in RW seminar is Parabolic Stop & Reverse I was told. If one reads up on David Williams and took free trials in his daytrading room one would know he is just a smooth-talking hypothetical fills/paper daytrader (but w/a huge work ethic). Frankly, his swingtrades are better than his daytrading because less slippage and better trade entry. That being written his seminars for 7K I think pay for his scheming Russian wife who spends all of his money; he’s such a cuck. And his Nazi assistant ‘Johnny’ is a HUGE douche on the phone. Fuck these guys – really!… Read more »
Friend of RW Trader
Guest
Friend of RW Trader
I read thru this whole thread and barely found one post related to what was supposed to be the vendor in question: David Williams, PageTrader, and Reflected Wave. I seriously would like to know if anyone in Mr Moore’s reading audience has any experience with Reflected Wave indicator/methodology?? The reason why I ask is I know someone who attended the Reflected Wave seminar (yes he did pay the $7k for it). He is somewhat conflicted on whether it works or not and would like to know what others say. I am posting this for him b/c he feels like the… Read more »
Amit
Guest
Instead of getting “conned” into buying a magical trading systems, the “suckers” should go for any such rooms where for few hundred fees a month, the mentor/moderator pours in the years and decades of experience in the form of teaching, both on real time and historical data…….day after day. Otherwise, learning the hard way i.e. after losing 10s of thousands, traders can find themselves in a deep hole both financially and psychologically. Regarding expectations from Mr. Trump, there are 2: 1) Reduce hedge fund fees from 20% incentive to 10% unless returns are very very good. 2) A CEO of… Read more »
Pete
Guest

WTF? Brooks tells people not to sim trade. You can easily lose $1,000 on the ES trading with 1 contract in a few days while subscribing to his site and listening to that “wisdom” from a “professional full time day trader”

Rob B
Guest

Man, you ever think about taking responsibility for you own actions? Yes Brooks is a scammer, but you should have tried to trade his method in sim and found out it was a joke. No instead like a complete moron you go out and borrow $20K in student loans and blow it all on Day Trading. Anyone that dumb gets what they deserve. End of Strory!!!!!!!

Cyn
Guest
Pete evidently just has the typical “Get rich quick by trading” kind of mindset. He does not wish to think for himself, or he would not have just taken Al Brooks word for it and traded with real money. without first verifying the methods in sim. People like that always try to blame someone else for the stupidity of their own actions. $20k lost is the least of his problems. Hillary will be president, and we shall be socialist, before he will come to his senses and accept culpability for his own intemperance and misguided greed. Pete, one should always… Read more »
Pete
Guest
UCK you all. I’m tired of this bullying crap from regular posters here. I’ve been trading for a good part of a decade, stop assuming im greedy or short-sighted, as Rob_B nicely pointed out, unlike Cyn I do have mental illness, and trading has made it worse and the terrible interaction with traders over the years reinforces [patterns of subconsciously wanting to lose and psychological trauma. You SOBs, know that Brooks’ for-profit ideas have partially sent MULTIPLE people into financial and personal HELL. I’m not saying vendors like Brooks are entirely responsible, it depends on the individual they attract, how… Read more »
Cyn
Guest
Let me make it clear. Nobody is bullying you. I am making conclusions from what you write, and simply trying to get you to see that you need to take responsibility for your own actions and stop blaming others. I am superior to nobody, because I am not competing with anyone. The only person who I strive to best is the person that I was yesterday. I made a great many mistakes. I drank the KoolAId. I lost money. I blamed the market. I blamed the gurus. I blamed the Deity. I blamed my bad luck. I blamed the Devil.… Read more »
Stray Dog
Guest

When did I become Scared Dog? It must be the fireworks from New Year.
I was somewhere south of my mid twenties when I had this epiphany. The cause of at least 90% of my problems could be found in the mirror. That is also the place where I can find 99% of the solutions to those problems.

Goagal
Guest

99% success rate? Something is fishy here. 🙂

Cyn
Guest

Oops. Stray Dog, I apologize for calling you “Scared”. I must have regressed to those dark days when I became very religious. I would always have to say a prayer before I squeezed the trigger on a trade.

I swear that scared traders must be the most religious people on earth. They pray a whole lot more than even the 5 times mandated in the Muslim Holy Book. Unfortunately, the many failures of their prayers must induce something else.

dtchurn
Guest
As far as every retailer who starts trading is concerned the warning to take responsibility for your own trading starts with the broker signed agreements on a live account with real funds. It’s clearly stated for you often in several pages how trading and speculating on the markets is a risky endeavour. After that, everything is up to the consumer to be responsible for their own trading whether partaking in advice or “education” from scam vendors or suggestions from innocuous book authors on theories on how to trade the markets. Why do we post comments here? Well for me, I… Read more »
Sam Watson
Guest

Sorry to hear you’re suffering from mental issues and I’m certainly not a qualified doctor but surely it can’t be healthy to dedicate the rest of your life as a tribute to Brooks. He may have deprived you of $20k, but the way things are going you’re losing your sanity which is far more precious than $20k.

Here’s my 5cents worth: Move on, forget about Brooks. Focus 100% of your energy on how to make that money back. Saying “brooks” 1 million times will not turn back time

Rob B
Guest
I have lost plenty of money in my foolish Kool-Aide infused day trading days. But I sure as did not borrow student loan money or any money to do it. I lost money I could afford to lose. And I am one of the biggest posters here against these day TR scammers, but you just keep posting Al B this and Al B that in every thread and then post stuff like: “I propose genetic screening for deviant genetic markers more likely to be found in trading vendors” and then suggest Big Gov forced medication as a solution and other… Read more »
Stray Dog
Guest

This isn’t a support group and you made your trading mistakes a public spectacle. Take responsibility for your own actions and your own mistakes. Sure Brooks’ teaching are complete crap but you borrowed $20,000 on high interest loans and you kept trading until it was all gone. Someone with 10 years of experience should have at least taken a breath after $5,000 disappeared to reassess what they were doing. You continued to post incessantly in every thread about Al Brooks despite repeated appeals for you to stop. TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS!

dtchurn
Guest
The b_ooks-case tries to rewrite his history on the boards. First he comes on here trying to claim b_ooks was the worst scam and danger to retailers ever seen when it’s clearly not the case. 90% of his posts are trollish about b_ooks then he gets mental when called about it. When he’s wrong about discussions about b_ooks he goes on to initiate low insults trying to drag me to his cesspool but cowers away from straydog’s insults. I bet he just skimmed the b_ooks, and went straight to the video course and expected magic profits to happen. And now… Read more »
Stray Dog
Guest

Rob B has a blog? And yes thanks to Rob B for tirelessly taking on the shills Biggest thanks to Emmett for starting and maintaining the only honest blog about these trade vendors For his research and for dealing with legal threats and multiple other annoyances

Rob B
Guest

I do. Is it any good?? I want to read it.

The funny thing is the only thing I even have close to a blog would be on fixing up real estate not stocks.

But I have been thinking about writing articles on Free Market Capitalism like Milton Freidman before I die and the Feel the Burn Socialist crowd takes over. Think I get hate mail now, wait until I write those articles.

dtchurn
Guest

Not the best wording, yes well I did mean short of RobB doing his own blog, otherwise spread throughout the review comments are some essay long posts which is enough material for a blog along with other posters’ comments which helps with the waiting and ennui until Emmett’s next review. I wouldn’t mind seeing a decent blog stie about fixing up real estate too.

Cyn
Guest

Will you let me help write too? 🙂

rtchoke
Guest
I’ve thought about starting a blog or rather, a forum where anyone could post and discuss any element of trading. Not to sell anything and not allow anyone to offer anything for sale, but simply to talk trading. I’ve mentioned before that there used to be an email group with hundreds of traders, both new and veteran, who offered all kinds of insights and ideas for trading. No, no one was giving away a method to make a million dollars and in fact, no one was giving away any specific method, just ideas on how to go about trading or… Read more »
dtchurn
Guest
I doubt B_ooks unequivocally said never to trade sim, but just reiterated the usual advice by forums and vendors to progress from sim eventually. B_ook’s barbybar was one of my first trading books, bought used for $10. The methods don’t work, sure and there is little or no coverage of trade management, but I read through every page and chart of the original book unlike many who just skim it, and it helped with screen time for me at least. Today, I don’t need anymore books as my current trading is my own method that has nothing to do with… Read more »
Rob B
Guest
“CEOs are not demigods and do not put in 500 hours a week hence cannot be paid nonsense amounts.” I swear I am the last person on the planet that will defend Free Markets and Capitalism. In general CEO’s salaries are determined by the board of directors who are elected by the shareholders. You do understand the share holders own the company, not Arnit or Trump or the workers (unless they are shareholders). If the owners of a company want to pay their leader a billion dollars it is up to them and not up to anyone else. So you… Read more »
Ron L
Guest

You can’t separate capitalism from “crony capitalism”. Statistically throughout history, we as humans have always been corrupt as power and money increases in our lives. (“Our” referring to a population or group of people as an average). There are always moral people, probably most people in general, but the accumulation of wealth incrementally increases one’s confidence and risk taking ability on many levels. For example, a billionaire can risk a million dollars with less risk than a millionaire, whether that risk is in cash or the possibility of a million dollar fine later.

Amit
Guest

This is a systems review website so would not deviate from main topic. But finally would make a comment that “capitalism was working just fine or even better in 1960s,70s early 80s, even without “nonsense” pay for the CEOs.

Rob B
Guest

Also, I know people like to listen to the Socialist hype but I thought I would throw out the actual Truth. Dreaded Be. The average CEO salary in 2013 was $178K, about the same as the average dentist.

The average US CEO last year made only $178,400 (about the same as a dentist), and got a raise of less than 1%

Rob B
Guest
Actually depends on how you evaluate CEOs pay. If the rising CEO pay simply reflect the market for skills I have no problem with it. But I think you have to compare CEOs pays with other equal high income earners. In which case CEO pay has not been constantly rising but peaked around 2000 and then fell. Here is a chart. http://screencast.com/t/tVS5v8FtfDJ If incompetent big government determines CEOs pay then they can control anyone’s pay. I am certainly open to corporation legal reform is there is truly an issue with CEO pay. But is Amit if voted CEO of a… Read more »
Cyn
Guest

Did you see the fine print at the bottom of the page? After raving about its Reflected Wave’s infallibility, here comes this at the bottom of the page, in small print: “* Timing accuracy can not be guaranteed for all market conditions. Please read trading disclaimer before purchase.”

The Trading Disclaimer turns out to be the standard disclaimer that is required by the CTFC and SEC.

Cyn
Guest
“The core problem with David Williams and Jerry Fagnant is that neither makes any clear and concise trading recommendations. There is no ‘enter at price X, exit at price Y, stop at price Z’. It’s all highly subjective mumbo jumbo that magically appears as a winning trade out of the ass end of a fortune teller.” That sounds exactly like what I saw when I went to the room of the Right Reverend Venerable Alex, the Mother Theresa of Trading Rooms. That must be what they teach in “How to Scam Wannabe Traders 101.” Then again, Alex’s room is free,… Read more »
Rob B
Guest

If you are going to be a scammer, I say at least go balls to the walls. None of this 80% win rate nonsense. Have some Chutzpah and claim a 100% win rate.

My only criticism is why a building next to an auto repair shop. Really next time list your building as Trump Tower or better know these days as White House North.

Cyn
Guest

Your best comment so far, by far! Every last part of it was just an awesome piece. I cannot quit laughing. The Big Cheese is asking questions about how I can be literally laughing out loud from something that I read.

dtchurn
Guest
My initial reactions. MTPredictor is no less a devious scam indicator than this “ReflectiveWave” ,except they’ve coasted on a lucky and crafted balance of nebulous mystique, lack or obstruction of valid reviewing over the decade, and diligent web coverup of their stink. The store wedged between yet another little dusty plaza. Are their fresh tacos and food at least sanitary and better than the generic ingredients of Taco Bell? The last “worldwide headquarters” photo we saw about 15 reviews ago featured that fast food drive in, isolated but still in a dusty plaza. There are a few vendors who require… Read more »
Pete
Guest

This ReflectiveWave is like old-white-guy-fraud Will Scheier of valhallafutures.com’s and the Serial Sequent Method ($2999)Trump is expected by many to initiate a strong policy against trading vendors, with swift detainment, interrogation, torture, possibly biological warfare and tactical nuclear strikes against the most elusive targets, in additon to lengthy penal sentences and trans-national extraditional agreements.

Stray Dog
Guest

I think this says it all

Troll.jpeg
Rob B
Guest

“Trump is expected by many to initiate a strong policy against trading vendors, ”

Just curious in you delusion world, did you hear that Trump nominated Emmett Moore as the Trading Room Czar, but Putin put a stop to it. Crazy world out there. Right!

Pete
Guest

Victims of unrepentant trading vendors need Mr. Trump to be a father-figure for this nation. We need Donald to protect the future generations of Americans from what we have suffered. If you listened to the campaign speeches he said he was going after the corrupt Wall St. industry. I propose genetic screening for deviant genetic markers more likely to be found in trading vendors, state-sponsored education about financial fraud / abnormal psychology, as well as forced medication, even chemical castration in extreme cases if medication is ineffective at stopping the deviant trading vendor behavior. Any other ideas?

rtchoke
Guest

Pete, read your post above about 150 times. You’ll see that it sounds eerily similar to Germany in the late 1930’s and your description of Trump as “a father-figure” — well, who would that remind you of? Phrases like “genetic screening for deviant genetic markers” and “forced medication, even chemical castration” even at the low level of describing scammer trading vendors– whoa, stop right there.

Rob’s right, “Get Help Man.”

Pete
Guest

Good points, but if you think about the folks who have killed themselves over these scams, as I am sure Emmett reflects on often now, one realizes the importance of policing and increasing regulation and advocating for transparency in anything related to trading…trading is not meant for non-institutional money and those who encourage non-institutional speculation must face an effective deterrent to stop their greed and lies, even if the rights of individuals are mildly violated.

Stray Dog
Guest

Pete, are you nuts? Wait I just realized what a silly question that was. Are you advocating that only institutions should be allowed to trade the markets? You want to trust those crooks to invest your money for you? Pete, if you think Al Brooks screwed you over those institutions will reach down into your pants, pull your scrotum up over your chin, tuck a testicle inside each of your cheeks, make you bite down, smile and say thank you while they do that to you.

Mike
Member

Sounds more like good ole Mr Stalin, the guy who roamed and ruled till his death of 53 with the blessing of good ole US of A and wall street…u do know that Hitler was a copy cat of the Russian at a much smaller scale, right? most likely not cuz uni never taught u it…

Rob B
Guest

Yea I have an idea,

” I propose genetic screening for deviant genetic markers”

I think your delusional genetic markets will be screaming off the charts. Do you even read the complete nonsense you post or is the point to just post nonsense.

Pete
Guest

No – this is cutting edge science, the genetic markers for psychopathy, narcisissim, etc. If I could have had a look at Al’s genome I bet the genetic markers for low empathy and high in manipulativeness/deception would suggest sociopathy. It’s not clear you appreciate how serious trading vendor scams are in this post-Enron and post-2008 financial world.

Rob B
Guest

Well it is obvious I could not be a Physiologist, as I could not help you out of your delusional state. Maybe Prozac, I don’t know. I am done talking to the mentally disturbed Pete. It is obvious the TR have done a serious number on your head worst than your $20K in losses.

Maybe someone else can help you. Oh, I know I hear there is this chap named Al Brooks taking on new members that I am sure can cure you.

Pete
Guest

Yeah what have you done to expose any scammer?. I have a pending CFTC complaint against Brooks and am working on getting Futures Magazine to stop sponsoring this charlatan Brooks

Rob B
Guest

The sad thing is reading your post, makes me want to push for Brooks. I am starting to think you deserved to be scammed.

dtchurn
Guest
yup, just as I thought, still “pending”. if it ever gets to the cftc mailbox it’ll be laughed about as they go to lunch discussing other innocuous b_ooks authors. btw Mack’s PATS had already taken over as number one popular price action meister for years on bmt/fio. So did he get scammed by this Willy Schyister for 3k too? at least he saved 6k by not being scammed by ReflectiveWave, lol. or 4k now that GTR has quietly raised their pricing back to 7k with Emmett update of GTR still due someday. TradersHelp!Desk lady also has a new binaryoptions carnival… Read more »
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