James Dicks
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James Dicks is the founder of PremiereTrade AI software (previously doing business as Forex Made Easy, 4XME, dix, Inc., GlobalTec, or Wizetrade), and is the president and CEO of PremiereTrade, Inc, which he started in 2002. His company publishes The James Dicks Magazine and offers financial radio programs through the James Dicks Financial Network (JDfn). He claims to be "the world's leading educator on trading the spot foreign currency market". [1].
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[edit] Controversy
Fox 31 TV in Denver questioned the business approach of Dicks and his colleagues, "So the question remains if the software works so well - and is so easy - why aren't these guys sitting back making millions instead of selling you the software?" and suggested that their operation is the "slickest con game in America - right now."[2]
Senior MarketWatch columnist Chuck Jaffe attended a 4x Made Easy sales seminar and labeled it "Stupid Investment of the Week." [3]
The alternative newspaper, The Houston Press, in "Who is James Dicks?" states that "You can't help but feel bad for James Dicks.... Dicks had great difficulty answering questions about his work history. He also didn't know if he held active securities licenses.... Dicks admitted to being a defendant in fraud cases, but he did not know how many."[4]
In a related story, the Houston Press states,
- "Dicks (previously) sold a forex system called Trade Signal Pro. His partners were two guys who had previously been accused by the Commodity Futures Trading Commission of defrauding 175 investors out of $760,000. They had purchased a previous incarnation of Trade Signal Pro, called Currency Trading Systems.
- "One pitchman, Michael Stewart of Arizona, told audiences that he made mad money with the Currency Trading Systems when, according to his settlement with the CFTC, he actually lost $10,500 in the one year he used it. His co-defendants lost a combined $54,000 using the system. Stewart did not admit or deny any wrongdoing.
- "Dicks told Sparks and Thompson about Trade Signal Pro, and they added a similar product called 4X Made Easy. Dicks, Stewart and GlobalTec were sued by disgruntled 4XME buyers in a Denver court in 2004.
- "Dicks's deposition in that case is a fascinating glimpse into the world of hucksterism."[5]
He is reportedly the nephew of Charles Givens who "wrote investment books with titles such as Wealth Without Risk and roamed the country selling suckers his get-rich secrets."[6]
Dicks, doing business as dix, Inc., lost the right to use the domain names <bankamericafx.com> and <bankamerica4x.com> in a 2003 arbitration ruling [3], based on a "bad faith" use of the names.
[edit] Accomplishments
Dicks' first book, FOREX Made Easy…Six Ways to Trade the Dollar, has been an international best-seller in the field of trading the Foreign Exchange (FOREX) Market. James’ next book, Operation Financial Freedom was published by McGraw-Hill in 2005. James and his uncle, J.W. Dicks, also co-wrote How to Buy and Sell Real Estate for Financial Freedom. It was released in April 2006 and also published by McGraw-Hill.
Radio programming on the James Dicks Financial Network offers more than 12 hours of daily radio shows, on two separate channels, that center on stocks, options, and the FOREX markets.
In 2005, James and his company collected more than a quarter of a million dollars in donations for the Red Cross’ Hurricane Katrina Relief Fund.
[edit] References
- ^ Who Is James Dicks? site run by James Dicks
- ^ [1]
- ^ Chuck Jaffe, "Trading systems: Show me the money" at Market Watch, accessed September 30, 2006
- ^ "Who is James Dicks?", The Houston Press, Febrary 2, 2006, accessed September 30, 2006
- ^ The Houston Press, February 2, 2006
- ^ [2]