It all starts with a free seminar where the sales pitch for a trading course is made. The edges in trading are not overly large. It takes more than an entry and an exit price to make money. It requires a sound footing in not only the trading method but also risk control and psychology. During seminars like this, they attempt to dazzle you with items that some equate to success.
Fast cars, airplanes, trips, and wads of money are often shown to back up claims of riches. Huge red flag because if there were a Forex holy grail, everybody would be using it. There is no holy grail. There are simply trading strategies that may or may not provide an edge for some people. Who gave him this title?
What metrics is this claim based on? There are quite a few tried and tested trading strategies out there some even on this website…for free but like anything, how successful fully depends on who is trading it. Who knows what the trading systems are they are selling but I can virtually guarantee that they are no better than what can be found on the internet.
Yes, you probably jumped to the same conclusion as other people did….. For someone claimed to have worked on the trading floor, there must be some proof that he trades. All of these are marketing tools. Run from hypes like this. Trading basics can be found anywhere for free. The swing trading strategies on this site for example cover basic to advanced trading strategies. Hype like Secker is sad. Good people trying to better their lives are suckered into paying loads of cash.
Just recently, I rang one of my good friends to see what he was up to. He said he just attended a paid seminar with Greg Secker who is the founder of Knowlege To Action-a forex trading education firm. How much did you pay, I asked? Well, after that conversation, I decided to share my thoughts on the good and bad of paying for forex trading courses and stuff like that that you see online. The good thing for me though was that I attended one of their free online webinars just by sitting in the comforts of my home and understood what little bits and pieces of the trading system they were using.
I did the opposite of what majority did. I used the keywords I heard in the seminar, typed in google and read everything about what they were talking about and eventually figured out most of the things they said they ware going to reveal in the homestudy course! You see, many of these expensive forex trading courses and seminars are pretty much using what is freely available on the internet and charging you insane prices to reveal these methods to you.
And I think that is bloody ridiculous. And if these people who paid all that money did their homework, they could actually see that all the information they need is found freely on the internet. Its just takes time for you to get everything and tie them together so you will understand. Not complicated at all! My friend said there were about or so people who attended the seminar. And obviously Greg Secker does a lot of these kinds of seminars a year.
So you can do the sums. A short while ago, I asked him if he was making any progress and guess what? He even told me they have another level of course he can upgrade but do you know what the cost is? Get off your arse and do you own homework. We do not charge — we teach our strategy for free. Our business vision is to offer high quality, free education for serious traders and build a professional community who all help each other. They promise getting rich and then it bombs out.
As it is people cannot afford these courses and they put up there houses for loans in the hope of making money. Even borrowing when they cannot afford it. Then they told to just fund it again. They not even regulated. Like Mangi says there are tons of free information.
Mail will not be published required. That statement should be a red flag to just about anybody. What else about seminars like this? Always keep in mind this quote from Harvey MacKay: Knowledge To Action website This graphic says it all highlights are mine.
Worlds 1 Trader And Coach. Not in the public view anyhow. Pictures of celebs Items of luxury Exotic trips All of these are marketing tools.
But they are all rooted in the basics. Bloody goodness gracious me! November 27, at 9: January 23, at 5: June 9, at 1: Leave a Reply Click here to cancel reply.
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