I am a software engineer working in Singapore. I had been attending various trading workshops in the past 8-9 years in Singapore, and also have been trading Forex, Stocks, Indices, Futures, with reasonably good results.
I had been following posts on this forum for quite a while, though I had not posted anything specific, as I am mostly a learner, and am of the opinion that I have a lot more to learn before I should start posting.
I usually don't post reviews, but due to requests from several of my friends in Singapore, I had decided to give an honest account of my experiences with Mr Sandy Jadeja.
This is also on the behalf of several of his earlier students, who are my friends, who were disappointed with the course , but either were too busy or couldn't be bothered to post online about their experiences.
I find that most of the posts on this site are about Sandy in the UK and his classes there. They are also quite old.
Thus I had decided, that for the information of everyone (especially in Singapore), intending to attend his trading workshop, I should give an account of what exactly to expect.
I want to stick to the facts and just let you know my experiences with him, and let the readers draw their own conclusion.
I had attended 4 of his free seminars in Singapore (one in Dec 2012, one in May 2013, another when he was a speaker during a trade show around May or June 2013, and another in Oct 2013).
I had also attended his PAID weekend 2 day trading workshop early this year (2013).
The following are my observations regarding his seminars and the paid workshop:
- As a person, he appears to genuinely care about our trading results and our trading future. This is reflected in his manner of presentation during the seminars as well as the workshop. However, when questions (which are not exactly in his favour) are asked either during the seminars or during the workshop, he just cleverly evades them, either by saying that he would take questions at the end or that he would answer it shortly. He never does answer, however.
- He constantly keeps saying that he does many interviews with the CNBC and the Press and tries to make himself look very important. Some of us, in a bid to satisfy our curiosity, contacted the CNBC folks, and were told that all those presentations or interviews he had given were in the past. Way back in the past, and that most of them were not by invitation by CNBC or other Press but on request by Sandy, that they take his interview.
He uses the interview clips to market himself.
I see nothing wrong in that, except that many in the audience were and are misled that he is still giving ongoing (important) interviews with CNBC.
- Similarly, he keeps saying that he is the Chief Financial Strategist, during the Seminars. Many of the audience again are misled into understanding that he is the Chief Financial Strategist of CNBC or something. Granted, that elsewhere on the web it clearly states that he is the Chief Financial Strategist of Master Trading Strategies (mastertradingstrategies.com), but the fact remains that most in the audience are misled, as were a lot of my friends who attended the meetings, by the way he implied in his presentation.
- He does not answer emails or phone calls. Especially, his Singapore mobile number that he gives during his seminars and classes here is never reachable. He always claims to be in an important Press meet and thus excuses himself. This he does by a rare text mesage that he sometimes sends seeing the missed call.
He also claims that he answers all our emails but that they all are lost in our Spam folders. He has a lot of statistics to show during his presentations that he sends the emails but that we have not opened them. Anyone with a basic knowledge of email receipts know full well that they are no longer reliable in this day and age, as most of us disable them. Most (secret or hidden) email receipt services around nowadays, rely on embedding a 1 pixel (invisible) picture in the email message to track when it is opened, but it fails when the recipient of the email disable the "Show Images" in their images. Most of our gmail accounts have this disabled by default. There are other techniques also but they are just as unreliable.
Hence just goesto show that all his tracking is not reliable.
I see that some in this forum have the experience that he does reply to emails, but after the seminars, I had met quite a few of his earlier students, who had the complaint that his after-sales ( or rather here, his after-workshop service) is extremely bad. He just claims to them that their emails are not worth answering and that hence he decided to ignore it.
- Getting to the part about his trading techniques. They are just simple old candle stick patterns, fibonacci and other rules that we all would have learnt in the first few months of our trading but for some reason never bothered to implement in our daily trading.
He does employ tight stops and good MM rules to cut losses and to let winning trades run.
But all in all, even then, there are several flaws in his techniques and the risk is real high, with frequent and large drawdowns !
NONE of the techniques he actually teaches during the workshop stand up to his tall claims and promises made during the seminars.
In fact many of us had lost a lot of money DESPITE FOLLOWING ALL HIS RULES. The reason being that, though the stop losses are tight, there are far too frequent drawdowns.
Many of his trading strategies are taken from the book "High Probability Trading Strategies" by Robert Miner, and "Fibonacci Applications and Strategies for Traders" by Robert Fisher. There are a few strategies taken from forexfactory.com ( like the 2pm Singapore time trading of the GBP/USD and other currencies, the time translating to the London Open, roughly).
There is nothing wrong with him taking the strategies from the books but what he teaches is certainly NOT worth the 3800 Singapore Dollars (approx 1950 British Pounds) that he charges for the workshop, when the ebooks are freely available for those willing to spend half an hour googling.
Finally, the crowning point would be his claim that he knows when the Euro goes up or down and on which date every month based on his calculation of Solar Flares that reach the Earth from the sun every month. He claims that one can make USD 3000 from this method alone every month!
I had been to his workshop and have learnt that "method" , but it is no more than a very weak corelation between the two, and this of course is similar to using Astrology to trade. It does seem to work, till it fails ! :cheesy:
To summarize, the points ( I hope that I had been as objective as possible above):
- Tries to make himself look special and that he is doing us a great favour by allowing us to take his course.
- Gives a false impression about his credentials to the audience, though technically he is right.
- Exorbitant course fees ( latest being 3800 Dollars) for what he teaches.
- Unable to keep his promises that he would reply to emails and phone calls.
- Last but not the least, HUGE losses despite following his methods, due to frequent and huge drawdowns, despite the tight stops.
- Using solar flares and other astronomical phenomena to trade Euro
He was actually trying to sell this "technique for $1295 !
My last word would be that one can get any number of people to write good reviews, but getting someone to state and post the facts is not easy.
Anyone who had attended his seminars ni Singapore would be able to testify that the above points are true.
I agree that this is a bit lengthy review, but just wanted to let everyone know the truth !
I had been following posts on this forum for quite a while, though I had not posted anything specific, as I am mostly a learner, and am of the opinion that I have a lot more to learn before I should start posting.
I usually don't post reviews, but due to requests from several of my friends in Singapore, I had decided to give an honest account of my experiences with Mr Sandy Jadeja.
This is also on the behalf of several of his earlier students, who are my friends, who were disappointed with the course , but either were too busy or couldn't be bothered to post online about their experiences.
I find that most of the posts on this site are about Sandy in the UK and his classes there. They are also quite old.
Thus I had decided, that for the information of everyone (especially in Singapore), intending to attend his trading workshop, I should give an account of what exactly to expect.
I want to stick to the facts and just let you know my experiences with him, and let the readers draw their own conclusion.
I had attended 4 of his free seminars in Singapore (one in Dec 2012, one in May 2013, another when he was a speaker during a trade show around May or June 2013, and another in Oct 2013).
I had also attended his PAID weekend 2 day trading workshop early this year (2013).
The following are my observations regarding his seminars and the paid workshop:
- As a person, he appears to genuinely care about our trading results and our trading future. This is reflected in his manner of presentation during the seminars as well as the workshop. However, when questions (which are not exactly in his favour) are asked either during the seminars or during the workshop, he just cleverly evades them, either by saying that he would take questions at the end or that he would answer it shortly. He never does answer, however.
- He constantly keeps saying that he does many interviews with the CNBC and the Press and tries to make himself look very important. Some of us, in a bid to satisfy our curiosity, contacted the CNBC folks, and were told that all those presentations or interviews he had given were in the past. Way back in the past, and that most of them were not by invitation by CNBC or other Press but on request by Sandy, that they take his interview.
He uses the interview clips to market himself.
I see nothing wrong in that, except that many in the audience were and are misled that he is still giving ongoing (important) interviews with CNBC.
- Similarly, he keeps saying that he is the Chief Financial Strategist, during the Seminars. Many of the audience again are misled into understanding that he is the Chief Financial Strategist of CNBC or something. Granted, that elsewhere on the web it clearly states that he is the Chief Financial Strategist of Master Trading Strategies (mastertradingstrategies.com), but the fact remains that most in the audience are misled, as were a lot of my friends who attended the meetings, by the way he implied in his presentation.
- He does not answer emails or phone calls. Especially, his Singapore mobile number that he gives during his seminars and classes here is never reachable. He always claims to be in an important Press meet and thus excuses himself. This he does by a rare text mesage that he sometimes sends seeing the missed call.
He also claims that he answers all our emails but that they all are lost in our Spam folders. He has a lot of statistics to show during his presentations that he sends the emails but that we have not opened them. Anyone with a basic knowledge of email receipts know full well that they are no longer reliable in this day and age, as most of us disable them. Most (secret or hidden) email receipt services around nowadays, rely on embedding a 1 pixel (invisible) picture in the email message to track when it is opened, but it fails when the recipient of the email disable the "Show Images" in their images. Most of our gmail accounts have this disabled by default. There are other techniques also but they are just as unreliable.
Hence just goesto show that all his tracking is not reliable.
I see that some in this forum have the experience that he does reply to emails, but after the seminars, I had met quite a few of his earlier students, who had the complaint that his after-sales ( or rather here, his after-workshop service) is extremely bad. He just claims to them that their emails are not worth answering and that hence he decided to ignore it.
- Getting to the part about his trading techniques. They are just simple old candle stick patterns, fibonacci and other rules that we all would have learnt in the first few months of our trading but for some reason never bothered to implement in our daily trading.
He does employ tight stops and good MM rules to cut losses and to let winning trades run.
But all in all, even then, there are several flaws in his techniques and the risk is real high, with frequent and large drawdowns !
NONE of the techniques he actually teaches during the workshop stand up to his tall claims and promises made during the seminars.
In fact many of us had lost a lot of money DESPITE FOLLOWING ALL HIS RULES. The reason being that, though the stop losses are tight, there are far too frequent drawdowns.
Many of his trading strategies are taken from the book "High Probability Trading Strategies" by Robert Miner, and "Fibonacci Applications and Strategies for Traders" by Robert Fisher. There are a few strategies taken from forexfactory.com ( like the 2pm Singapore time trading of the GBP/USD and other currencies, the time translating to the London Open, roughly).
There is nothing wrong with him taking the strategies from the books but what he teaches is certainly NOT worth the 3800 Singapore Dollars (approx 1950 British Pounds) that he charges for the workshop, when the ebooks are freely available for those willing to spend half an hour googling.
Finally, the crowning point would be his claim that he knows when the Euro goes up or down and on which date every month based on his calculation of Solar Flares that reach the Earth from the sun every month. He claims that one can make USD 3000 from this method alone every month!
I had been to his workshop and have learnt that "method" , but it is no more than a very weak corelation between the two, and this of course is similar to using Astrology to trade. It does seem to work, till it fails ! :cheesy:
To summarize, the points ( I hope that I had been as objective as possible above):
- Tries to make himself look special and that he is doing us a great favour by allowing us to take his course.
- Gives a false impression about his credentials to the audience, though technically he is right.
- Exorbitant course fees ( latest being 3800 Dollars) for what he teaches.
- Unable to keep his promises that he would reply to emails and phone calls.
- Last but not the least, HUGE losses despite following his methods, due to frequent and huge drawdowns, despite the tight stops.
- Using solar flares and other astronomical phenomena to trade Euro
He was actually trying to sell this "technique for $1295 !
My last word would be that one can get any number of people to write good reviews, but getting someone to state and post the facts is not easy.
Anyone who had attended his seminars ni Singapore would be able to testify that the above points are true.
I agree that this is a bit lengthy review, but just wanted to let everyone know the truth !
