Official Response on behalf of Training Traders
It has come to our attention that a couple of ex-employees may be looking to setup a rival/alternative company and may be using this site for malicious purposes. These individuals have already been caught on CCTV defacing the company building.
There have been a number of unsubstantiated and untrue allegations posted on this and other similar forums some of which have been removed. These posts are libellous (see:
Defamation).
We would like to make a distinction between the above mentioned malicious acts, the posts from people who simply do not like training companies and people who genuinely have a desire to learn how to trade. Unfortunately failure to exercise due diligence has lead to the misrepresentation of information and the desire to sensationalize has overcome common sense.
Requests for personal or company financial data to be posted on an online forum are simply ridiculous especially since we are a privately held company with responsibility primarily to our clients, employees and shareholders. No-one in their right mind would post such data on an open website with anonymous members. Also the request for our clients contact details is equally ridiculous, as this is proprietary information and rival companies would welcome this information.
We respect the right of people to discuss and criticize in an open and objective manor, however in this case there have been a number of misrepresentations and false allegations.
As a company we provide training courses for people new to trading and experienced traders in the Forex, Stock and Futures markets. Included in the course price we provide 30 days of mentoring, 30 days access to our daily live trading room, a graduates club/trading clinic and access to our weekly online trade planning session to ensure our clients have all the support they need.
We also allow clients to re-take the course for free at a later date as we know trading is a skill that is acquired by practice and reinforcement of good practices and rules.
We are not an anonymous web based training company, we perform our training at our offices as well as travelling to our institutional clients offices to train their traders onsite and install our trading software worldwide.
We will arrange a special Q&A workshop and invite Forum members to visit us and see for themselves who we are, what we are about and answer answer their questions.
In response to particular comments:
Chapter 11.
In 1997 Mr Baghdady sued his broker for the wrongful liquidation of his account as a result of erroneous entries in his account. After 12 years of Mr Baghdady pursuing the litigation and despite the broker admitting to his mistakes in court, the court found for the broker as there was no malice. In mid 2010 Mr Baghdady was ordered to pay the brokers costs and legal fees. Mr Baghdady filed for the Chapter 11 in order to protect his assets and negotiate a financial settlement with the broker (standard practice in the US). This case was dismissed in its entirety shortly after filing, as the broker and Mr Baghday agreed to settle their differences to their mutual benefit. This issue no longer exists and is history.
Please see attached document.
Alleged “Student Loans “
Mr. Baghdady is a graduate of the American University in Cairo 1972 and as such he has no personal student loans. His children studied and graduated from several fine USA colleges. While they were in college Mr. Baghdady guaranteed their student loans. After their graduation each of his children are currently paying off their individual loans, and until such time as these loans are paid off , as the guarantor for his children loans he appears as liable like any father.
“World of Trading” live trading champion.
Mr. Baghdady was invited to live trade against 6 other bankers and institutional traders at the “World of Trading” live trading event in Frankfurt in 2009. Mr Baghdady traded live on a stage for several hours in front of 1000 viewers and won the “World of Trading” live trading competition in 2009.
Winner of The World of Trading Competition - YouTube
World of Trading 2011 // 21.10 - 22.10.11 // Messe Frankfurt
Mr Tuckey.
Mr Tuckey operated, and was a director of, a fund called Alpine Capital for 5 years. Through pure conjecture, one particular forum member has assumed that this fund did not exist simply because they could not find a corporate website! The fund did not require a public website, as it was a closed fund that was not soliciting communication with the general public.
The existence of Alpine Capital is irrefutable and was of course registered with Companies House.
During the operation of the fund, Mr Tuckey purchased and utilised the Training Traders software and methodology. Mr Tuckey appeared on the commercial stating he had used these techniques – a statement of fact, and he was represented as a ‘Hedge Fund Manager’ – also, a statement of fact. Mr Tuckey has since become a Director of Training Traders, and is still a trader. The forum member erroneously assumed that Mr Tuckey’s directorship of Training Traders had meant that he had never been a Hedge Fund Manager.
For those wishing to exercise due diligence please check Companies House (
see attached screenshot) and check the ‘INCORPORATION DOCUMENT CERTIFICATE OF INCORPORATION’.
Turtles Program .
The Turtle program and the turtles are our
pride and joy. We are extremely proud of our Turtles and their performance, hard work and the dedication day in and day out to acquire the great skill of trading.
This is a pure apprentice program, we shoulder all expenses because we have the confidence in our training and methodology to take a group of people and fund their training and trading in order for them to trade based on the methodology we teach.
This is a well thought investment on our part and we fully expect that our Turtles performance will gives us more than the expected returns on our investment.
As has been recognised, we selected candidates from a large number of applicants. These ‘New Turtle Traders’ have been trained, mentored, equipped and funded all by Training Traders. As anticipated, performance between individuals has varied based upon rate of learning, selection of instruments to trade and adapting to the psychological demands of trading. As is normal in any trading team, some traders are in positive territory, some are flat and some are down. This is by no means a reflection on the performance of any one trader. These traders are participating mostly in longer term trading and require a longer period than 4 months for the process and themselves to fully come to fruition.
We owe it to nobody whatsoever to disclose any information beyond what we choose and hope that any individual with a fair and reasonable intellect would understand this and appreciate our inherent confidence in our trading approach to undertake such a time consuming and financially significant task.
Office environment.
We are situated in the city of London right next to Aldgate East tube station in a multi-story office building and have a 7,000 sq/ft office incorporating a fully equipped trading floor and training facilities. We believe that our office based training environment allows us to provide a high level of help and support to our clients. We provide facilities equal or better than most standard business offices. As stated above we are happy for people to come and visit to judge for themselves.
If we could raise our most salient point, it would be that we welcome ANY individual on this forum to visit us, whether you wish to meet us, see our offices or understand more about our methodology.
We are not going to get dragged into a discussion answering an endless number of questions based on misinterpreted information or simply unfounded accusations.
We thank you very much for taking the time to read this.
