Dodgy Course & Mentors

This is a discussion on Dodgy Course & Mentors within the Educational Resources forums, part of the Commercial category; Originally Posted by edmond360 Eh I'm not moaning about my losses or about a dodgy trading course. The opening poster ...

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Old Jun 3, 2018, 10:00pm   #31
 
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Originally Posted by edmond360 View Post
Eh I'm not moaning about my losses or about a dodgy trading course. The opening poster took the course, it didn't make him money, and he correctly determined it was a scam. Your replies to this have been along the lines of "shut up, quit complaining, not everything is scam, that's life, perhaps your losses are your own fault". I think that's pretty distasteful.

I'm trying to be helpful by explaining the objective reasons why almost every trading course will be a scam. You can joke and speak down to me, but that won't change which one of us knows what he's talking about and which one is just perpetuating utter nonsense about 'learning to trade'.
Then I apologize if I have caused you distress. You obviously have passionate feelings when it comes to this particular mentor and nearly all trading courses (your words not mine). Not all training courses and mentors are scams. Each person should take from it what they ultimately put it into. But of course, it’s never no good bringing it up after the event, it’s useless and of course in hindsight. If you think you have been missold to, mislead or bought a falsely advertised product, then there are proper legal bodies that will assist and help you and protect others. Anonymously posting inflammatory and defamatory remarks is no good for you, others, the mentor and this site. We all have to do our own due diligence and naturally take on the risk. If we’ve been a victim of fraud or misselling then it’s pertinant to go through the proper channnels. Not a random anonymous post.

There may be other courses, books or mentors you pay attention to for money or not. The fact still remains that at some point in life we all get served lemons.

The markets open in an hour. I’m still debating and apologising to someone who has felt wrong done by and taken my words as offensive to become defensive, even when my opening post stated not to, I guess some people will find offence and wrong doing where others would not. I mean you no harm and again, apologize if I have caused you offence.

I wish you well in your future.

Lee
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Old Jun 3, 2018, 10:19pm   #32
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I understand fully , just feel a war of words is not really something productive. I just wanted to highlight an issue I thought was valid.
ok, its all good, a worthwhile chat about the man of the moment Mr Chillingworth
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Old Jun 3, 2018, 10:20pm   #33
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gtspeed started this thread Don't worry Lee , you right sometimes we are sold lemons as in this case with Spreadbet Bullsh**er as now named (still makes me chuckle) My hope was that better learning by shared experience was the goal and not a war of words.

For me the vids offered an insight to something different however when I read the course it was very poor and basic , with the disclaimer being select your own ema to trade off and the fact that it is an account killer gave me concern. So when called a poor student or a clone of someone else just amazes me at how some can make an issue out of a simple post rather than be constructive. Anyway as you say the market open soon , so lets see if we are smiling in the morn from a good trade.
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Old Jun 4, 2018, 8:09am   #34
Joined Feb 2002
Well done chaps.

Nobody wants to buy lemons and nobody wants to see over-priced lemons sold to unsuspecting would-be traders. So how do we stop the lemon-sellers?

Simple - we give away free fruit and so destroy the market for selling lemons. Simply put, we give away strategies that we can agree will work. We only need to post up a handful to suit different situations, they need to be simple for beginners, they must be objective, they don't have to lead to a triple digit % profit in 100 trades as long as they consistently make a profit not a loss.

We don't need to waste our time waiting for a government regulator to be bought in, the FCA or the Advertising Standards Authority or Trading Standards or even BBC's Watchdog. We can do this today.

I would suggest everyone who's taken a pop at unscrupulous trainers and systems vendors should go ahead and put up a simple system.
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Old Jun 4, 2018, 4:27pm   #35
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gtspeed started this thread Hi Tomorton

Sounds good, like you say don't need to be over complicated , as I think we all have different styles and time constraints. For me I like the morning break trade. I watch the price action of the 1 st hour on the open & draw a line at the top and bottom of the hour and wait for a break out based on the price action. Simple and works ok
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Old Jun 4, 2018, 5:41pm   #36
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Nice one Gary. Well, I did say simple you took it literally. Trading does not have to be more complicated than this.
Calling newbie day-traders - don't pay for a London break-out strategy - start with this one.
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Old Jun 4, 2018, 7:38pm   #37
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gtspeed started this thread Good stuff , I have the luxury of sitting at a desk most days so easy for me.
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Old Jun 4, 2018, 11:37pm   #38
 
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Hi Tomorton

Sounds good, like you say don't need to be over complicated , as I think we all have different styles and time constraints. For me I like the morning break trade. I watch the price action of the 1 st hour on the open & draw a line at the top and bottom of the hour and wait for a break out based on the price action. Simple and works ok
i agree- you just have to find your own method with decent risk rules.
if you enter and it doesnt behave like you want it to just cut and run
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