Hello all, I'm just posting as I am thinking of getting back into the trading after a spell 4 years ago. Started with WIN and will be as objective as I can.
I went on two of his courses back in 2006, the second being the Master Traders course at a hotel in Guernsey or Jersey, I forget right now, I must have paid £5k for both and got a lot of stuff, basically course support materials on charts, technical & fundamentals, Equities, Options, FX etc and strategies.
They also encourage you to join the Investors Club, group together for study, sharing tips and generally keeping going as they said so many people don't follow through, it IS hard to keep going till you find a decent strategy or system that works for you. I felt they could have "cut & run" as they had our money but the trainers (Darren doesn't do that much) really did stress the importance of discipline, trader psychology, testing strategies with paper trades and answer any questions at any time, day or evening. So heartless scamsters is a label I'd find hard to pin on them. Some of the speakers at the first course were pure motivational speakers they get you into the right mentality (Anthony Robbins style) to believe you can succeed (generally) and there's no harm in that I think.
I suppose it's true they essentially give you all the information you could get yourself from books, but you could learn just about anything that way given the time so a course is just an easier (and much pricier) option, the quality of the course is important, I couldn't rate either way as I was a newbie and hadn't been on any others. Having been to trading exhibitions with free workshops and the like I'd say they hold their own but again, I'm nowhere near an expert and the workshops didn't offer anything more.
It was easy to get into the markets as you get a list of recommended brokers etc and get fair warning of the risks and are strongly advised on testing your strategies paper trading first. I would say of course it IS possible to make money trading the markets but to make a LOT? I'm not sure they gave me enough but there were another 3 courses and a mentorship programme, all for about £12k which I couldn't afford.
Speaking to others that did do them they were told more/better tips and strategies, so the more you pay the more you get. They do put you onto the Investors Club (£30 a month) which is run by EzeeTraders who don't give it the big sell but I found very honest and helpful. I would steer people in their direction for sensible trading advice (not tips as they try to get you to learn)
I spent a lot of money and worked very hard to make a success of things as I was out of work at the time, I didn't lose money in the markets just about made a small profit but just couldn't generate enough to make the whole enterprise worthwhile. To replace a salary of around £2k a month trading at just 5% profit I'd need a £40k capital investment.. I just didn't have it. I believe I can trade to financial independence (just like everyone on here I guess) but have grown up a little and recognise it's not going to happen overnight like WIN tell you.
To summarise, They give you all the tools you need and enough training to get started but at too high a price and I feel not enough advice on which ones are the best, EzeeTraders are better as they tell you how, why and when to use them plus they offer CD's, webinars and the like for around £15-£20 which isn't bad (they are a business after all). I trust EzeeTraders and tried to pin them down on Darren, they wouldn't agree WIN was dodgy but they do benefit from people coming to them from him. WIN get you started but EzeeTraders are where you can really learn I think. So.. Should you do the WIN courses? Probably not.
Ps. I got an email the other day from Darren saying he was retiring and looking to personally mentor 34 people to a minimum of £100k in one year, only £2k up front and another £4k over 5 months.. Sound too good to be true? It usually is in my experience..
