Mike Baghdady - should I take a course or not?

This is a discussion on Mike Baghdady - should I take a course or not? within the Educational Resources forums, part of the Commercial category; Originally Posted by WhichWayNow I am intrigued by this whole posting. Firstly I am brand new to this site so ...

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Old Feb 20, 2012, 10:57am   #61
Joined Jan 2012
Re: Mike Baghdady - should I take a course or not?

Digbyarbuthnot started this thread
Quote:
Originally Posted by WhichWayNow View Post
I am intrigued by this whole posting.

Firstly I am brand new to this site so for give any minor protocol errors. I am looking to trade to fund my early retirement and found this site while researching courses and trading information.

Initially I thought the first post (by Digbyarbuthnot) was from a disgruntled employee due to the style and wording (I quoted on one of the many such comments). According to the initial posting Digbyarbuthnot just attended a workshop and did not invest any money, so I could not understand the indignation caused by just a messy office or the level of detailed company information.

There is no such thing as bad publicity and with Digbyarbuthnot on at least one occasion replying to their own comment to keep the thread going, I am a little bit suspicious. Could this be a clever publicity ploy on the lines of the Marmite love it or hate it, try it idea? :-)



...
Those who are successful make noise about themselves, those who are not make noise about others.
Hi there!

I admit I was as confused as you are about the situation! Although it has all become MUCH clearer since. The info on my initial post was nothing more than I found from Googling 'Mike Baghdady'. Google suggested the addition of 'scam' and 'bankruptcy' to me. That raised alarms and that's why I posted on here.

I thought it was odd that a millionaire trader would have a mess of an office, that he's a bankrupt and that he continually threatened legal action against anyone who disputed him or his delusional claims.

Also, the idea that there is no such thing as bad publicity isn't true in real life. I work in media the amount of press releases and pr agencies who specialise in crisis management is huge. A reputation is very hard to earn but it can very easily be lost. The BBC consumer shows Watchdog, Cowboy Builders, Rip Off Britain etc has put a lot of companies out of business because they have been exposed and destroyed the false clams of many.

Good luck with your trading and promise that you won't spend a huge amount of money on a course with Mike Baghdady.

PS I'm not an ex-employee, but I have been in contact with a few. they all say much the same thing - that Mike Baghdady is not to be trusted and I've saved myself £5000. Now I want to save other people from falling into the trap very nearly ended up in
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Old Feb 20, 2012, 10:58am   #62
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

It seems nobody has asked the obvious question. Have the turtles made any money? Are they actually trading live accounts and would they even know if they were still on demo accounts? OK that's three questions but anyhow can anyone comment?
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Old Feb 20, 2012, 11:12am   #63
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Quote:
Originally Posted by smacker View Post
If they were making money we would of heard about it over and over again
Well yes I assume this is the case, I was just wondering if someone from the 'inside' could confirm it. Personally I dont think they were ever going to be given 100k real money each, in fact to do so would be ridiculously stupid given the failure rate at even the best prop firms. Giving someone a 100k demo account and telling them its real would of course be quite easy.
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Old Feb 20, 2012, 11:29am   #64
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Despite all the deletions there was still plenty of information floating around over a year ago. Did people ignore it or just not look for it?

January 2011 Forums - A list of all scam unregulated 3rd party educational vendors

January 2011 Francesc’s Weblog » Mike Baghdady’s Turtle Trader Project: The Real Apprentice

January 2011 Spyglass trading by Mike Bagdady @ Forex Factory

February 2011 How to trade using PA

February 2011 http://www.trade2win.com/boards/fore...-software.html
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Old Feb 20, 2012, 11:36am   #65
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Any of you insiders recognise this Hedge Fund Manager from Alpine Capital? Apparently he was trained by Mike. This was the type of stuff that was deleted in 2010.
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Old Feb 20, 2012, 11:48am   #66
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Or what about this 'institutional trader' who was trained by Mike? Doesnt he look familiar?

Again this was deleted in August 2010
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Old Feb 20, 2012, 11:56am   #67
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Come and see how the real money is made.
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Old Feb 20, 2012, 12:54pm   #68
Joined Dec 2003
Re: Mike Baghdady - should I take a course or not?

Quote:
Originally Posted by WhichWayNow View Post
I am looking to trade to fund my early retirement and found this site while researching courses and trading information.
That's possible but are you willing to put the work in. To be confident in the markets most people need the same sort of training and experience a Doctor or lawyer gets, ie minimum 3 if not 5+ years.

Virtually nobody can get to the level you need to be at via a week's course, but that week can kick start the whole process. However, finding the right course amoungst all the hucksters and snake oil salesmen is hard. It is possible though.

Good luck, don't try to rush and be prepared for many years of hard work.
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Old Feb 20, 2012, 1:14pm   #69
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

I was wondering what Andy (alockfly) thinks about all this. He was promoting Baghdady last year on babypips.com

Mike Baghdady - Training Traders - Page 2
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Old Feb 20, 2012, 2:04pm   #70
Joined Feb 2012
Re: Mike Baghdady - should I take a course or not?

My, my. What a thread now. Just wakend up and have been entertained by what is coming out.

cooljoe - with the people you seem to be able to contact could you find out why the two main directors left the business. Can you get in touch with any of the? I think that route would really open up this Baghdady organization to some real scrutiny.
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Old Feb 20, 2012, 2:09pm   #71
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Quote:
Originally Posted by pipsplease View Post
My, my. What a thread now. Just wakend up and have been entertained by what is coming out.

cooljoe - with the people you seem to be able to contact could you find out why the two main directors left the business. Can you get in touch with any of the? I think that route would really open up this Baghdady organization to some real scrutiny.
This whole thing was originally exposed in August/September 2010, prior to the Turtles thing. I think the resignations took place sometime in late 2010 or early 2011. I dont know if they were connected to the revelations that came out in that general time period though it seems to be a bit of a coincidence.
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Old Feb 20, 2012, 2:28pm   #72
Joined Apr 2011
Re: Mike Baghdady - should I take a course or not?

Quote:
Originally Posted by pboyles View Post
I was wondering what Andy (alockfly) thinks about all this. He was promoting Baghdady last year on babypips.com

Mike Baghdady - Training Traders - Page 2
I'll tell you what I think. I feel really sorry for all those people that think by singing up for a trading course, be it 5000 or 50 quid it is going to make them rich. MBD never says that it will. On all these post , I have NOT read ONE from someone who has taken the course and complained they did not get what it said on the tin!...
Name changes and past litigations mean nothing to me. By following him on his methodolgy, and using my own money managment rules, I do very well thank you...Despite all the crits , the basic priniples he teaches do give traders the edge. The problem with all failed traders is how they use that edge... I will continue to watch the thread. It tickles me............
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Old Feb 20, 2012, 2:42pm   #73
Joined Jan 2012
Re: Mike Baghdady - should I take a course or not?

Digbyarbuthnot started this thread
Quote:
Originally Posted by pboyles View Post
This is more complicated than it initially appears, there is another company called MBTT which was dissolved in Dec 2011, Baghdady was a Director but resigned shortly before the company was struck off and dissolved. However Michael Douglas was also a director of this company and there is no mention of him resigning.

Mr Michael Douglas - free company director check. Companies House Information
Michael Douglas has definitely left the company. He was the Head Trainer and a director. He was one of the 2 directors who resigned last year, so it must be an error or out of date info
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Old Feb 20, 2012, 2:48pm   #74
Joined Oct 2006
Re: Mike Baghdady - should I take a course or not?

Quote:
Originally Posted by Digbyarbuthnot View Post
Michael Douglas has definitely left the company. He was the Head Trainer and a director. He was one of the 2 directors who resigned last year, so it must be an error or out of date info
There is a complicated web of different companies and name changes to existing companies. However if you check MBTT Ltd Company No. 07028787 on the Companies House website you'll see what I mean.

WebCHeck - Select and Access Company Information
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Old Feb 20, 2012, 3:06pm   #75
 
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Joined May 2009
Re: Mike Baghdady - should I take a course or not?

moderator, as a group the turtles are responding to this thread, the people are getting what they want
since we are in the office using works computers - our IP addresses will be similar - relax
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Thanks! The following members like this post: the hare
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