I would like to advise anyone considering doing the Tradersuniversity Course, to immediately cancel, and get your money back.
I have attended the 2 hour free seminar, the weekend resindential and indeed a further course called "MasterTrader". I have followed the rules, as given by Greg Secker himself.
Perhaps the TradersUniversity trading rules work in long term trending markets, (2002-2007) but for now, with markets all over the place and one piece of bad news sending the market crashing, its not the time.
You can learn what I was tight from a book also. It much cheaper than the 5000 pounds I spent in total. I have lost about 2000 pounds in addition to this 5000 in current market conditions.
I also had a colleague who lost 10000 pounds following the TradersUniversity rules. He decided to question the testimonials on thier web site and also the ones given one we eventually signed up.
He received no reply from anyone at TraderUniversity. He still hasn't to this day. Decide yourself, but you have been warned!!
Thank you to anonymous for this unedited testimonial about Gerg Secker's traders university course!
Did enrol and certainly it is not as easy as they made it to be.
ReplyDeletecon artists. i lost 3000 so far. one percent rule - ridiculous.
ReplyDeleteThey are a bunch of shitesters. If they were making money then they wouldn't have crap clothes or more importantly, sharing their "system" with anyone - why would you? Spread betting is just that - very, very risky- just google it. They are just out to profit from naive punters. And as for the explanation of the training as being a "primary income" tax avoidance mechanism......what a load of bollocks. I would rather cut my old chap off and dip the stub in salt than have anything to do with these cunts. Fuck 'em.
ReplyDeletesure spreadbetting does not work and that is what they teach, otherwise spreadbetting companies would not make billions from the loosers like you who believes that it works.
ReplyDeleteI wish I had read the comments above 3 months ago. I have attended a 2 day course at a cost of in excess of £2,000 and although the course content looked plausible and aspirational, I have not seen any rewards nor has most of my peers who attended the same course.
ReplyDeleteI have tried to get my deposit back for a future course which I stupidly signed up to, as they sell the upside to you very strongly when you are there, but have been told that I cannot get my deposit back and infact have to pay more in compensation for any cancellation! They hide behind the fact that everything is laid out in the small print (Terms & Conditions) and their policy is clear. None of this is mentioned in their sale pitch to you and no one even refers to any small print! I feel like I am in the middle of an episode of Watchdog! Yes I feel a complete mug!!
Their sales approach is very hard and I can only liken it to that of someone selling Timeshare in Tenerife!
Do not sign up to anything with Knowledge to Action. They are as bad as all their competition which they so readily criticise as 'unprofessional' during their sales pitch. To my cost Knowledge to Action and by association as he is the founder Greg Secker have shown very little in the way of professionalism.
I have recently been on a Greg Secker seminar and the guy hosting was a complete con man. Do not trust them, don't even waste your time. I have lost 2.5hours in time which I am trying to get back in compensation but i didn't read the small print "if you are that stupid to believe you could earn £1000 a week and only work 30 mins a day, you are a bloody idiot"
ReplyDeleteHi,
ReplyDeleteI attended the course held in the month of Aug'09. I have been Making Money using their Strategies. In Fact I made 220% of my capital. I guess it is not meant for everyone. I started trading LIVE from Aug 24 09 till today(Nov 23'09). They have actually done a excellent job with thier strategy and their coaching. A big THANK YOU to Knowledge To Action
hey bullshit artist are you still trading their system to this day or just suckin him off
DeleteNice one Anonymous...your post reads like an ad for their course, whilst remaining very vague. How much did you invest, how much did you make, how much was your biggest loosing streak. What problems did you face, what could K2A done better? If you REALLY attended their course and you've become PERSISTENTLY successful at trading, I am certain you would like to elaborate.
ReplyDeleteIt's easy to say you made 220% profit. So did I... for about 1 hour. Then the markets turned and that became a 220% loss... never mind the "don't risk more than 1%" rule - that's a load of rubbish, as after you've lost the 1% the only way to get back in is risking another 1%.. then another, etc.. so in fact you risk much more.
Hi
ReplyDeleteI was due to go on a seminar (Manchester) this coming Sunday 29th. I have just cancelled it. I have paid nothing so far and signed nothing. Where will I stand with these con men?
Don't worry anonymous, you're fine.. You didn't even have to cancel the seminar, you could have just not turned up to teach those guys a lesson!
ReplyDeleteI was about to attend a seminar today, but after reading all your entries i've decided not to. It sounds like alot of people are getting stung. I've been weary about making money strategies but I think the reason these guys are convincing is because they have a professional looking set up. I'm glad I cane across this in time. Thanks guys for your honest opinions.
ReplyDeleteNICE 1, these guys are all making MONEY from you.all these courses are a load off bullshit,
ReplyDeleteyou can get all the teaching forex trading on Alpari uk,**FOR FREE** WHY PAY FOR IT????????
THINK ABOUT IT, it only goes 1 way, the Hustlers way.....
I have checked the terms and it does not say anywhere under section 3 or 2.3 that the initial fee is non refundable it is refundable. Also in 2.3 it states that the interest is only due after the full payment becomes due 4% by day. Section 3 offers a full refund within 7 days and a pro rata one thereafter.
ReplyDeleteI have also emailed the nation business awards and tomas heap has confirmed they were finalists.
I've also spoken to a person whos been on the 2 day and he said he has made after 5 weeks of on off trading not doing it properly £200 another guy who has doen the forex course says he has broken even and that it takes time to learn it and will progress. Both were happy with the course.
Alot of these -ve comments are bull. Its how much effort and work you put into it your learning never stops. Also you have to believe you'll do well and not go half heartidly.
They told me in the 2 hour talk i could cancel and give 3 free coaching sessions and a lifetime access to the wedneday forum.
Hope that helps
con man this is all bullshit please do not attend seminar.
ReplyDeleteHi
ReplyDeleteI did attend a free seminar this year but i did not enrol on to their course which was for £2499 i was intending to enrol in 2010 when i save enough money to enrol and invest at the sametime, but after reading so many testomanies against them i dont think i will be enrolig but i still want to trade and invest some money in the stock market or forex so where should i start?
Any comments would be helpfull, thanks.
Thank you guys for exposing these con artists. I was thinking of going to a free seminar but after reading all these comments, I will not bother.
ReplyDeleteI hope that this government can do something against these kind of con artists.
I've got about
ReplyDelete1400 quid left to pay. Have I fucked up? Do I finish paying and hope for the best, count my losses or is there a way i can legally opt out? Would be gratefull for any feedback!
Hi Anonymous,
ReplyDelete1. Did you sign up off their premises (e.g. in a hotel), and if so wen did you sign up? You have a legal "cooling off" period when you can cancel for no cost.. read the first blog on this site.
2. Did they advise you of your right to cancel within a certain number of days? By law they have to tell you this. If they didn't tell you explicitly, then you could have a way out.
You could always phone Consumer Direct / Citizens Advice Bureau for free advice.
Let us know how you get on!
Mike
I also went to the seminar but bailed out when the 3 stooges started the hard sell. I felt £3000 was a lot of money to pay for a course that the seminar probably covered. I did well using info from seminar but lost a bit in market melt down then the dubai fallout glad i never lost £1000s on top of that. Good site will follow it. http://homemoneymakingtips.blogspot.com/
ReplyDeleteDO NOT attend any of Traders University's courses! Immediately cancel if you have singed up one and ask for a full refund. Their system DOES NOT work and it WON' T work for you either. There are too many people have been conned, duped and lost their life's savings! They make money from us and trick newbies. Why does the government not do anything to stop them?
ReplyDeleteI have been reading this thread with some interest. Let me tell you a bit about myself: I am an experienced trader and I also speak professionally at certain seminars in the UK.
ReplyDeleteThe real truth is that 90% of stock market courses in the UK are designed to ultimately UPSELL you to a further course or program. i.e. while the weekend course itself was highly educational, they do not teach you enough info for you to become a consistently profitable trader. Why? I would say 2 reasons: one is that the "teacher" at the event is not a real trader but actually a sales-person who wants to upsell you to a further course, but the second reason is that if they teach you a proper strategy that works then there would be no desire on your part to buy their further courses.
But look, having said this there are a few (a very small minority) of stock market courses and traders in the UK who DO actually teach you a trading strategy that works. Again, I will not name these persons here in this thread (but I will let you have my email below so you can contact me if you wish).
Listen, if you are like one of the people who has been writing in this blog forum, and are struggling with your trading, it's probably not your fault. The problem is not just that most courses do not teach you everything you need to know (even though they should). The real problem is that most people do not have a proven trading strategy - a strategy that consistently gives you results. Forget books and the internet - if books could make you rich then everyone could do it. The same goes with the so-called "information" you may find on the net.
Most new or amateur traders for example are not even aware that a successful trading strategy requires you to have a PRECISE ENTRY and a PRECISE EXIT (into and out of the markets). This is crucial - because it removes the guesswork and emotion from your trading and gives your CONSISTENT profitable results. Further: you need to know exactly where to put your stop-loss, and when to take profits. So many traders make money and then they lose it all because they had no plan as to when to take profits. You don't want to be one of those traders.
I read a comment in this blog by someone who was losing money despite taking only 1% risk. Yes, this is happening for possibly two reasons: 1) you are probably day-trading or entering several trades in a single day or week - OR 2) you do not have a proven or proper trading strategy (which goes back to what I was saying above).
The fact is I feel very sorry for people who are struggling with their trading, and are at the brink of giving up. And these are people who have paid thousands of pounds for stock market courses. In the last 18 months I have made it my ambition to help traders who are not reaching their potential. I personally would no longer speak for any company that did not teach their students what they needed to know. I know only one course provider in the UK that can be trusted to teach you how to trade the markets.
As for a successul trading strategy that actually works - well, the one that I have been using for the last 24 months has never let me down. I learnt this strategy from a wealthy professional trader and yes I paid him a fortune to learn it - the investment was worth it. Do I make losses every now and then? yes, of course, but the losses are small, and the profits outweigh the occasional losses. My target is to make an average of 16% returns per month, and that is something I have been achieveing consistently for the last 2 years.
If my comment here has helped anyone I am very glad. Anyone who wishes to contact me for guidance of any sort, feel free to do so. My email is otis_steve@yahoo.co.uk - with thanks, Steve.
In response to the previous comment - yes, you are correct that when markets go against you they will usually negatively affect your trades. So what I would do in this situation is 2 things:
ReplyDelete1) Always pay attention to how the the major markets are behaving (i.e. the Dow, S&P, FTSE and Nasdaq). If the markets seem bearish - avoid placing long trades, as your risk of getting stopped out is higher. Similarly, in a bullish market avoid shorting stocks for the same reason. ALWAYS trade in the direction of the major market, not against it. Furthermore, when the markets are moving sideways (i.e. just not doing much) I would also refrain from placing too many trades as your odds of getting stopped is higher.
REMEMBER: staying in cash is also a position.
2) Your stop-loss should not be too tight, nor should it be too wide.
I don't recommend coming up with your OWN trading strategies as most people do not have the necessary training or experience to be able to do this. Besides - out of the 1000s of trading "strategies" that exist - only 5% of them actually work.
Again, if there are people who need further info or help with this, feel free to email me and also read my comment above: otis_steve@yahoo.co.uk - Steve.
Some excellent info here. I went on the 2 hour "intro" last night and although the arrogant presenter flew through the material like a train, it did answer some of the questions I had before attending.
ReplyDeleteHowever, they lost me completely, when about 10 mins from the end, the hard sell came. Discounting this and that, putting £1000 into my trading account, plus DVD's, lifetime coaching etc... IF, I signed up there and then... No thanks. I think there is a future for me as a trader, but not with this crowd.
Just had a call from them today, again trying to sell it to me. If they need to try that hard, there is something not right and the previous comments just cement my belief, that I did the right thing... Best of luck and thanks to all
P
What Traders University conveniently leave out of their promotional seminars and literature is this: they're selling a strategy for gambling. It's not investing; it's betting whether the price will go up or down, nothing more. If, like me, you're not a gambler and have no wish to gamble, finding out on the course is a little too late.
ReplyDeleteI hear what you're saying but KTA claim that the difference between gambling and trading is that with trading you are suppose to be using a strategy or proven trading system. This is what sets it apart from gambling
ReplyDeleteHi Steve,
ReplyDeletecould you post some of those Questions and Answers in this blog? It could probably help everyone!
Thanks
I just went on their two hour intro this evening in Reading. We had to give our contact details and sign a piece of paper. Let's hope this is not somehow going to constitute an order! Before I went I decided that if they made a super-duper offer that was only available there and then, that I would definitely not buy it as it must be a con. I NEVER buy anything where I am not allowed time to think about it first. Looks like I had a lucky escape!
ReplyDeleteHi Guys,
ReplyDeleteI attended the trader’s secret seminar this weekend after receiving an invitation through a trader’s website. The information they presented certainly was convincing, working in sales I knew that all the bull about turning £2000 into £1,000,000 in 9 years and only risking 1% was a load of rubbish. Ultimately the whole thing was about getting easy money out of you.
Although I’m a total amateur when it comes to investing, I know how hard it is to raise the £3000 they were asking for and I’m damn sure I need a lot more hard evidence than what they showed me to part with it. If you are attending the free seminar please ask yourself these questions when you are there:
1) If you had a sure fire way of making money on the stock market would you be standing up there presenting to the average punter and sharing the strategy?
2) Can you really afford to lose £3000 to these guys if it doesn’t work?
3) Out of the 50,000 people they say they have trained why do they only show one or two people in the video who say it’s worked for them? What about all the people it hasn’t worked for?
Although the 3 hour presentation was an interesting in site to spread betting I won’t be booking my place on they course, I think I would rather spend the time talking to my bank or doing more research.
Cheers
Hi everyone,
ReplyDeleteI am very glad to find this blog. I am a freelance journalist investigating on K2A and I'd like to interview people who "experienced" the K2A courses and publish a story about it in major daily newspapers.
Would anyone interested contact me at: marianne_bouchart@mac.com
Your testimony could stay anonymous if you wish and would help me considerably with my research.
Hope to hear from any of you soon
M*
Can someone advice where else to go?. Thanks Steve by the way
ReplyDeleteBring Knowledge to Action to your local County Court and get your money back! Please also report the company to Consumer Direct. If you were mislead or have got your fingers burnt by purchasing their courses please stand up and warn others. By doing this you are helping others to save their time and money! K2A makes profits from innocent people's financial losses and misery, it's very unethical and unlawful! They make most of their money by selling courses to us, but not from their own systems that they sell to us. You have been warned! Just stay away from K2A as far as possible.
ReplyDeleteTrading is speculation, but not investing. You have no control over the stock market, and the truth is that most people lose their shirts on trading! You can be rich as an investor, but rarely as a trader. The true experts tell you that trading is one of the most difficult ways to make living! Please be wary that K2A people can write good things about themselves on this blog, so make sure you are not be fooled by them!
ReplyDeleteTo: marianne_bouchart@mac.com
ReplyDeleteHi Marianne,
Please write an article and expose K2A 's unlawful doings (misleading people at the free seminars and using unfair terms and condition on the contracts) on all the major daily newspapers. By doing this you are preventing hundreds and thousands of people to fall into victims just like us, this is good cause. Please use all the negative comments from this blog, it's based on true stories and experience. These comments are from furious people who purchased K2A courses before and have found out they were conned. Many people want to get a full refund, but the company refuses to give us money back. Please expose K2A, there must be a justice.
Great ideas, expose K2A on media and bring them to the courts.
ReplyDeleteHi everyone, I have just been to the free seminar in The City hosted by Allan, who I must admit was really inspirational, and as a total novice myself, I did learn a lot from him, however, my problem was with the salesmen, soon as he stopped talking, the salesman pounced, and tried to get me to sign up there and then, no way I thought. Soon as I said i dont have 3 grand in my pocket, they lost interest in me and moved on to the guy next to me, total vacuous slime. Next day another salesman phoned and tried to get me to sign up, even offered to make me pay £500 upfront and pay the rest off over 6 months till the course started, how on earth would I know what I will be doing in 6 months!!! I was seriously going to sign up for this course when I had saved up, now I would want to go down there to their offices in Fulham and check it out first hand, if you email the 'cheap rate' sales people there you get the course for £1995. What im thinking now is, is there any other alternatives to The Traders 'University' ?????????? Really want to give this a go but im rather wary now I have read this. I have a mate I went to school with who has been a trader for 18 years bottom to top, he said the courses could be worthwhile if you find the right one, but the industry takes no prisoners, he works 18 hours a day (although trading the FTSE 350 is different as described in the seminar - 1 hour a night), but has made a lot of money, he says its just practice, if you work hard enough and have the right mind set and go in with as much knowledge as you can read up on, you will over time, start to make some money. Steve - you mentioned in your really helpful message a trustworthy course you know of?????
ReplyDeleteHaving worked with the Allen you speak of above I can safely say that the closest he has been to professional trading is when he worked as a switch operator in Citibank, he was so caught up by the greatest of all con artists Tony Robbins, a man who might just as well say sign a big cheque, bask in my glory then sod off, this is where most of these people learn their so convincing techniques, they speak fast and sell faster, your heads a whirl and you have parted with your hard earned before you realise you have been well and truly conned, human nature means you will try to carry on with the con in the futile belief that they really were telling the truth but you know deep down that you are busted.
ReplyDeleteAllen is a convincing guy and on the whole a nice guy and sometimes I think he has to believe his shite to sell it so well, he has as much financial know how as my 7 year old labrador.
To sum up, if it looks to good to be true, it is, the only way to riches is hard work, because you feel weak in the depressed climate don't get sucked into these peoples cons.
Be lucky.
I have filed for a court case against Knowledge to Action Ltd at my local county court, YES, I am suing the company at the moment. Their presenters misled me and tricked me to sign up with their course. They told me that I would be able to make £2,000 a month with trading capital of £2,000 by only trading 20-30 minutes a day. I was told this is achievable after 6 months of attending their two-day training and using their methodology.
ReplyDeleteIt was a big lie, I was a newbie and did not know that it is absolutely impossible to achieve 100% return on my trading capital each month. Later, I discovered that you need £30,000 – £40,000 or more trading capital with good trading experience and excellent discipline to make £2,000 per month. I was conned, I lost money on trading and had to pay £32 per month for using ShareScope software.
I was completely misled and therefore I want to exercise my consumer right to bring the company to court for justice. You are completely nuts to sign up with their courses after reading all these negative reviews, unless you have too much time and money to waste!
If you believe Knowledge to Action is a scam and you have been conned by the company please report them to Consumer Direct 08454 040506, http://www.consumerdirect.gov.uk/scamnesty and the Office of Fair Trading by sending an e-mail to sc@mnesty.net
ReplyDeletei went on the course and canceled my e signal in two months as there blue lines were in the opposite direction, i felt i had saved up my ISA and my £3000k has gone to waste, it was all a load of XXXp
Deletedone my bollocks this week following the strategies highlighted on the income generator. 7 trades all at around £2-£2.5 per pip. Lost nearly 1000 in 7 trades.
ReplyDeleteGreat stuff k2a. What a load of shite!!!!
income screwerator sounds more like K2, maybe K2 stands for being killed twice in one go?!
DeleteI took the course last week, and can say that owing to my own limited self-taught knowledge, I was able to assess the content better than most.
ReplyDeleteThe majority of attendees were very inexperienced and could not realise, that the information given was very basic and simplistic. I would never dream of risking money soley on the knowledge gained from that course.
I will however try the strategies, and take what I can from it, to add to my previous experience.
I feel for the less learned people on the course, who will have trouble to earn a cent from it.
I'm bringing Knowledge to Action Ltd to court to claim a full refund, I was conned by the company's very experienced and skilled presenters and their unrealistic earnings figures.
ReplyDeleteIf you were misled you should also bring the company to your local county court to get your full refund. You should not let them con money out of you and let them walk away free leaving you with financial losses and misery!
The Office of Fair Trading defines a scam is a scheme designed to con you out of your cash. Scammers are becoming more sophisticated and aim to con us all. Report Knowledge to Action if you were conned by them on https://secure.consumerdirect.gov.uk/reportascam.aspx
By bring the company to the court and reporting to Consumer Direct you are helping to prevent more and more innocent people from becoming victims as well.
Attended two seminars one last week Manchester and one yesterday in Liverpool two different companies. Had a long telephone conversation today with a guy called Danish K2A nearly convinced me, Just changed my mind after reading other peoples experiences. The two seminars were different companies but the ending and fees vertually identical sign up now at a discounted fee of £1995 + VAT
ReplyDeleteI went on their basic course back in October. I have only recently been able to start making a decent profit. I'm now up by £700 on an account of £10,000 over the past couple of months. Before then I kept floating around my starting level. I achieved this by paying attention to trend lines (as my coach told me to) but I haven't used any of their specific tactics for a long time. In fact if you were to follow their rules strictly there's probably very few trades you could place on a daily basis!
ReplyDeleteI thought the course was a good introduction to trading, albeit overpriced. However, as some people have no doubt found out it is much more difficult than advertised by K2A. The stategies they teach you are used by professional traders (I come across some of them in a book on candlestick patterns) but such people will obviously have a lot more information and experience to assist them. It also helps if the market is constantly heading in one direction - the profits I've made recently coincide with the FTSE shooting up after a few months of oscillation (which was when I wasn't making any money).
For those who are entirely new to spread betting K2A don't tell you about how spreads work and the mechanics of bid/offer prices. They also give the impression that you can enter a trade at exactly the level you want - not true.
What I found most interesting while there was the trading floor - which didn't seem to be particularly full. Are the people who use the trading floor full-time traders? Are they loaded from trading? I didn't see any Aston Martins nearby...
In summary I think K2A give a fairly good introduction to trading but they're definitely overpriced and make it seem much much easier than it is to make good money.
I agree with the above, the course is certainly not for the complete beginner the two day course i was on had an OAP female on who did not understand even the simple things! who on earth
ReplyDeletetook the money from this lady, disgraceful!!!
personally i am glad i done the course as i am now trading and losing money! only started with a small account £500. which is really to small to earn any significant amount of money. i have since opened a demo account of £10000 and have made a £1200 profit in 9 days,not by using K2A stategies which are rubbish .There are plenty of very good free websites on spread betting make good use of these before paying for anything.I do think its a way of making extra income but probably not replacing your whole income .
I have been trading for about 8 months part time after buying a course from Vince Stanzione another self appointed spread betting "Guru", that should also be given a "big wide birth".
ReplyDeleteI attended a K2A seminar yesterday and could see how folk have been sucked in by this company that was fronted by Clive Arneil. I had a feeling there was going to be some sought of sale behind the invite but was quite shocked as to the hard sell at the end. Clive Arneil says he has made his money and is in "No Need to Work" and further says that he only does the seminars because he gets board sitting at home in front of his monitor making £1000's. What a crock of shit, where do these guy's get their childish material from, Noddy Land.
You can make money from speard betting. I started with £5000 and have banked £4650 profit since Mid January 2010, you have to find a Basic system you like and get over your emotions, small gains and plenty of them, get out quick when the market turns on you, and get straight back in when it turns back. Good Luck. PS, if you want a very helpfull "Free" site tryout
www.yourtradingcoach.com nice guy and full of good advise.
Hi all thank you all for the comments here and saving me £2000 ,I went on a free seminar the other day,I am a novice ,not knowing anything else to judge it by it all came over very slick and very convincing .As one person on here said it was the hard sell that did it for me and left me with some niggling concerns .How does someone BLAG their way to a job trading at Citibank ,that has been answered on here you cant .It has made me want to find out more and test the water on my own . M J
ReplyDeleteHI, I did the K2A course and it is really basic..certainly not worth the money.
ReplyDeleteIf you want to get into trading go to the CMC Markets website. If you open an account with them they give you lots of excellent free on line lessons. They also do full day courses at their office on Technical Analysis and Forex, etc for just £100/day. You are also taught by real trading professionals.
DON'T GO NEAR K2A!!!!!
Hi
ReplyDeleteI went to a seminar last Wednesday for k2a and the next day I was phoned by 1 of there sales people and I stupidly signed up using my credit card. Doe's anyone know if I can get a refund I have emailed them to tell them I wish to cancel before my course starts.
Yes, you have the right to cancel. read the instructions on this blog on how to get your money back if they give you a hard time.
ReplyDeleteI'm glad I have taken the time to read the comments as I attended the free seminar and was tempted to pay for the course but fortunately a couple of things put me off before I handed over my card: One - I noticed that all their testimonials were from years ago. Two - £1000 discount for booking on the day. (10% or 20% discount would have sounded more realistic) The point being if they can discount by 1K the cost is overpriced in the first place. I also felt that there would be considerable costs involved afterwards and fully anticipated there may well be a hard sell somewhere along the line.
ReplyDeletePerhaps I may have been more enticed if there was an option to view their live trading floor as a guest before handing over any money.
Next -I'm always suspicious when someone says they have made a fortune(So the speaker said). I doubt if I would be working Sundays if I was making a fortune. Anyway he did go on to say, however that he was only doing the seminar as a favour for Greg Seker. Sounds plausible but to be honest I think showing hard evidence of income from trades would have given more depth to his story.
As they say on Dragon's Den 'Im out.' Good Luck all.
Thanks all above - not going to the free seminar next week - do I need to phone and cancel ?
ReplyDeletewent to the seminar on Sat .Was tempted to sign up but didnt .Felt that the course was way too expensive . Thanks for sharing your experiences guys ,its an eye opener .
ReplyDeleteWow, I just found this site by accident and it's interesting reading, particularly as I spent about £2K on their Forex course in January and have been trading since then. I say 'wow' because most of you are either very naive or simply not very clever or does someone simply have a big bone to pick? Possibly, if positive comments are being removed from this site. First, trading Forex is not for the faint hearted and it is not a business to play at: it is a skill that has to be learnt, like all skills such as football, painting, teaching, law, accountancy, cooking, gardening, etc. Would you expect to learn these skills in 2 days or by reading a book? If anyone takes this course expecting to make millions instantly then they are stupid. Second, it's daft to say that just because they teach they can't be successful at trading. Apart from anything else, trading is pretty intense work and you couldn't do it well 7 hours a day. And all sorts of skilled people teach what they are good at and they enjoy the teaching side, it's a very satisfying profession if you're that way inclined.
ReplyDeleteI'm reasonably well educated, ran a successful business for 25 years and am now retired at 60. I fully expect to spend at least 12 months studying, being coached, practising, reading, studying charts, getting the psychological side cracked and then, hopefully, I'll be confident of making a regular 15% per month on my deposit. I'm lucky because I love it but I haven't got any stupid ideas - NOTHING worthwhile in life is easy to do well, especially making money, you have to put effort into learning a completely new and foreign skill. Don't tell me these guys trading for the big investment banks learnt their skills in two days!
So, don't expect too much! I spent some time looking at training companies and yes, you can get lots of free info on the web but KTA's courses are, in my opinion, well planned to give you a good introduction to Forex and taking this route will save you many hours of research. The guys talk sound common sense and yes, it's a business, they're not doing it for the good of their health so it's going to cost - remember the old maxim which footballers use to earn astronomical wages? Supply and demand. The courses are full! If you go into them with your eyes half closed, without having researched and understood their content, and without a real desire to learn, no, you're not going to like them. Get real guys!
KTA are rubbish trust me.
ReplyDeleteif you have £2500 spare spend it on
e signals advanced get scanner i wish i had.
its followed up with lots of free lessons.
I did the course in November and traded for 4 months before realising it wasn't worth continuing. I gave it a fair shot and to begin with did make about £800 profit but then i had 6 weeks of carnage. You have to pay about £90 per month for e signal as well. All in all i paid £2300 for the course and 3 free coaching sessions with a NOT VERY GOOD coach. Paid e signal around £440 and lost about £2500 trading. Over 5 grand written off. I bet on a semi pro basis on horses and sport and it is a lot easier to make money this way. I've been doing this for 20 years and this is what i'll stick to. Take notice of this DO NOT WASTE your money on 1 of these courses YOU WILL REGRET IT. Anybody wanting to e mail me fell free to do so at euan150@yahoo.co.uk if you would like advice on how to make money from betting. It isn't that difficult. The only problem is actually getting bets on with the so called bookmakers. After a while if you win consistently they will close your account or restrict your bets.
ReplyDeletedid course wasted 5k overall gave up. Don't do it. You've been warned
ReplyDeletethank God almighty, i came close to signing up for the 2 day course. but then i pulled out last minute. they tried to convince me to take it cheaply now and he said he'd give me his e-mail address and here is me thinking e-mail address huh, thats all i've got of someone i justed paid 2450 quid? something wrong so i just said to him let go think about it. infact i was just thinking don't do it don't buy things on impulse. so when i got home i googled it and am so grateful for this blog.
ReplyDeletePLEASE PEOPLE DONT SIGN UP TO THIS CRAP AND WASTE YOUR HARD EARNED MONEY ON THESE SCAMMERS.
Hi there. Well, I've just returned from the two-hour introductory session.
ReplyDeleteI'm a bit of an old hand at these things and have been on other investment company intros as well (out of idle curiosity) such as property developing ones. So today I went under my pen name and did not register my address or mobile number; the first thing that happens is that you get a phone call asking you to sign-up. At the registration desk, the guy said he needed my phone number as someone would call me to ask me for feedback. I just told him that I prefer to keep my address and phone number private, but included an email address which I use for such purposes.
Anyway, it was more informative than what I am used to, even enjoyable, but, yes, totally useless unless you go on the full two-day course. I would say I picked up a couple of useful pointers for where to start doing my own research/training - so thanks very much for that!
The other important thing to note is that there seems to be no way of signing up for the full course unless you go to the free seminar - so the "discount" you are offered is a fantasy-saving. As with all these intros, the whopping price tag comes right at the end after you've been buttered up with phrases like "change your life" and "never work again", etc. These huge numbers rarely stay on the screen for very long and are quickly replaced by a "Here's what I'm going to do for you today" deal. The trick they use is one by which you are convinced that the price of the course is insignificant when compared with the kind of money you could make using their "strategies" in the mid-to-long term.
Anyway, that's my two pennyworth. I won't be forking out £2.5K for a weekend course. I have an ex-trader friend and she said I'd be better off learning from a book or the internet.
Really, really glad I read all these comments. Attended a seminar the other day and have been deciding whether to attend the course or not for the past couple of days. They took a deposit from me on the day but lucky for me I lost my bank Card shortly after and had to cancel my card. I have just had an email saying payment has been declined. Don't think I will be getting back in touch to re-pay the deposit somehow after reading these comments!
ReplyDeleteYour all right, its too expensive strategies are not consistent with various market trends and they dont teach you enough in the time they have, its a waste of time and money. They are good salesman end of the day but wheres the qwan (jerry maquire). I lost two accounts using their stratagies and worst of all their trade calls. I was angry, i could have learnt more from reading up as the real problems they dont explain are the brokers and how to move stop losses and where to take profit, its all a bit vague and in the case of the 'bread winners' like income generator trade, it takes heads of money to trade as the risk is huge and then you wait five days until moving the stop loss or taking profit and then bam its back at zero and soon your psl.
ReplyDeleteThe strategies are sadly like most, temporary. Remember as long as humans are running the markets the nature will be as complex as we are.
I am an IA for a city brokerage, hope you find me someday, i wont advertise on here. But someone was right to mention, brokers and other schools offer cheaper courses and the good stuff is out there, just not at 3k + with after sessions costing hundreds more. All the best, keep at it and eventually you will succeed. Jim
Attended a Seminar back in 2009 after losing my job. Managed to avoid the Big sell on the day. Was considering signing up now that things have improved. Really glad that I found this site and read the comments made. You never ever know who is wrong and who is right, but it's made me think hard.
ReplyDeleteI still want to trade, not just to make some money but to have the satisfaction of having done it.
I will certainly be looking elsewhere.
Big Thank you for the wake up call!!!
Wow!!! And double wow!!!
ReplyDeleteWhy didn't I think to Google K2A before signing up for a two-day course next month and paying £500 deposit? And attending the course in London would also involve a flight and Hotel accommodation! Gullible, no other word for it! Hook, line and sinker.
After reading the above, I will certainly avoid K2A right after I get my deposit back! While greatly appreciating the general directions already given here, I wonder can some one please set out the exact steps I should take to get my £500 back?
Many thanks to all who posted here!
Donard
if you want a very helpfull "Free" site tryout
ReplyDeletewww.yourtradingcoach.com nice guy and full of good advise.
About a year and a half ago, when I was very new to financial spread-betting, I attended one of K2A's free share trading seminars, and I don't recall there being any hard sell at any point.
ReplyDeleteIn any event, we were all free to leave at any time, if we wished to.
At the start of the seminar the presenter made it clear that information about courses and products would be made available at the end of the seminar.
Then, for the next two hours, he presented what I thought was exceptionally valuable information, mainly about risk to reward ratios and risk and money management. We were all given a free CD to take away which covered the seminar material in more detail.
The information I received free of charge at that seminar helped me to preserve my capital and protect my account for long enough to begin to trade consistently.
After the seminar ended, I decided to sign up for the two day training course, which I subsequemtly attended. I admit that it was fairly expensive but, taking account of the fact that the price included (1) being able to re-sit the course as often as you like during the next twelve months, (2) three one-to one coaching sessions with an experienced trader, and (3) life-long entitlement to their weekly Mid-Week Market webinars, it seemed to me to be good value for money.
I sat the course for the first time in April last year, and then again (free of charge) on two subsequent occasions, the last being in January of this year.
Since then, I have been consistently profitable using what I learned on the course, coupled with what I have learned from the mid-week market focuses, which I download, save, and study each week.
I would recommend these free seminars, the course, and the mid-week market focuses to anyone who is interested in learning to trade profitably and consistently.
But, don't go if you expect to "get rich quick and easy". It takes time to understand the the strategies; practice to develop the skills you need to apply them properly; and discipline to stick to what you have learn. If you don't have these, then I think you should give up on the idea of trading as anything other than a fascinating hobby.
Incidentally, I have attended some of the courses run by the spread-betting companies and, whilst these were useful, they were nowhere near as informative as the K2A course.
For the avoidance of doubt, I would like to point out that I am a lawyer by profession and am not employed by K2A. So far as I am aware, the company will never know that I have posted this comment on the blog.
Perhaps some of the gripers have unrealistic expectations. It takes four years of academic studying and two years of practical training to become a lawyer; and that education does not come cheap. If you expect to become a professional trader by reading a couple of books and doing a couple of half-day courses, perhaps the problem is with you, rather than K2A.
Incidentally, I note that 23% of the people who have attended the K2A course and have voted in your poll say that they make money consistently. That's almost 1 in 4. That doesn't seem bad to me, since most estimates I have seen say that 9 out of 10 people lose money financial spread-betting.
On that basis alone, if you want to learn to spread bet successfully, the K2A course seems to increase the odds of you being able to do so.
And trading is, after all, a "probability" game.
K2A staff, no doubt!!!!!!!!!
ReplyDeletePersoanlly I think after reading these comments that most of the bloggers haven't got a brain cell between them. It is no wonder you can't trade.
ReplyDeleteHaving just read all the comments, all I can observe is that someone has a grudge, maybe a competitor of K2A. Strange how those making money are prepared to leave their names, and those that haven't borrowed the brain cell today leave their comments as anonymous. I agree with others that are making money. It does not happen overnight. It took me 3 years, a lot of effort and determination to leave my job. It would have taken a lot longer without the training. It would have cost a lot more in time, and probably money too. Trading is a skill to learn and develop - 2 days, whatever the price, is a starting point and not the end result. Get real.
ReplyDeleteI did the course 2 years ago, and repeated it once some time later, but despite a great deal of time and effort (I am retired), I haven't managed become what would be called a 'successful trader'
ReplyDeleteIn addition to the TU course costs (which I agree are fairly expensive) I have 'invested' in a 1 day seminar as well as a couple of DVD courses (including the K2A FX one). I've watched every mid week market focus and downloaded a host of good trading books which I would not have been able to get to grips with if I had not had the kick start from the K2A course. Whether that was worth the cost is perhaps questionable, and certainly if you don't have that much loose change plus another £5K or so of risk capital then you probably shouldn't be going that way.
For what it's worth, here's what it's cost me:
Training Courses (incl Hotel costs) £3,400
Books & DVD Courses £1,130
Market Data (Sharescope Plus + ADVFN Level 2 for 1 year £1,170
Trading Losses £950
The last line perhaps sums it up - around 20% of a £5K nominal trading account over 2 years.
I've now given up - not for want of trying, but my win to loss ratio was too erratic and my win size to loss size was never enough to compensate (if you haven't got to that stage in your education, then you need to ).
One of the factors which increased my scepticism about the whole TU thing was an analysis I carried out of their 'Live Trading Floor' trades which you can down load. It tries to show how in both bull and bear markets, the capital growth is impressive. After analysing the whole thing (took me weeks using Sharescope), most of the trades produced very little, and almost all of the gain came from a couple of foreign exchange deals and one very small share which fell outside the recommended limits of capitalisation and daily volume.
Was I conned ? Probably yes to some extent, but without this start I would never have had the courage to start trading. The TU people I met were a nice bunch, but I suspect they are under pretty strict employment conditions as to what they are allowed to do and say. There seems to have been a remarkably high turnover of coaches.
I feel sorry for those people who may have put their last few pounds into this course - you need to have the risk capital to spare, but more importantly the emotional strength to get through the pain barrier of consecutive losses. I personally find that quite difficult, but successful traders go on to overcome this.
Finally, finding a 2% to 3% potential trade is not all that difficult. However, the slippage and spread of the spreadbetting companies was probably the thing which convinced me to give up.
Will I try again ? Probably yes
Part 1
ReplyDeleteFirst thing first trading is not for everyone and can become an addiction and you can throw away thousands!! And so I’ve heard a fair amount of disastrous stories of peoples trading accounts being slaughtered and these are people on and off the K2A course's!
I firmly believe it's about the mind-set of the person when it comes down to trading. You either have it or you don't and you need to be able to analyse yourself with what you do right and wrong. If you can't learn from your mistakes as a trader you have no hope and your money will just disappear over time as the markets take no prisoners! (Also learn from mistakes from others or try and recognise the ones you make to those that you know others have made) When I go to K2A on the courses or just for a session with a tutor and I talk to whoever is there, it’s sad to say this but you can tell half the people there just won’t make it and it comes down to the attitude of the person. One guy lost 35% in a day but he got back up from that and was positive about it as he had learned one hell of a lesson that he knows not to do again. But others are the opposite and are always negative when you talk to them and they will slowly burn away their account and not learn anything from it.
I myself have been trading the past month and half and I'm only 19 so learning the K2A forex course was not a problem to me as I only just finished school last year so it was back into the learning environment that I had not long been away from. But I can defiantly see how a lot people find the K2A courses very difficult learn as they have been out of a learning environment for 10, 20, 40+ years so it will be a shock to the system. Plus many of them have almost no clue about the world of trading before they step into K2A other than watching "Wallstreet" or seeing stock and currency levels at the end of the news.
Part 2
ReplyDeleteI can defiantly see both sides to this argument for and very much against K2A as it is 'slightly' deceiving that you will be a millionaire in 3-5 years but then you would be a fool to think that, as then everyone would be a millionaires.?.?. That's the thing you either have it or you don't. I'v talked to a fair amount of successful traders, again in and out of K2A and they all say the same thing you have to go through the pain barrier you will have those massive losses and your account will fluctuate a lot until you find your stride and what suits you best. And that process at the beginning can take weeks, months and even for some people years. Thankfully I myself am coming to the end of that stage and just about finding my stride with it all.
One other main point I will point out, don't see what K2A says as rules see them more as guidelines as everyone is different so tailor what they teach you to suit you as time goes on. I personally hate income generators and I tend to find snipers in this market very annoying. So I mainly stick with pivot breaks and power pivots and it suits my trading personality very well. I can certainly see why people would be so angry with K2A and to be honest I think I would if I had lost thousands by doing the course and demolishing my trading account in the belief that everything K2A had shown me to do was the completely right thing to do.
I personally think K2A courses are very good but I also read around a lot and talk to processionals. And in the next week I'm hopefully going to get a mentor who is not to do with K2A that I’ll talk to and seek advice from to keep me on the right track. At the end of the day be sensible, trade either with a small account or paper trade until your trading is fluent. Not everything is too good to be true as there are lots of people doing very very well from taking K2A courses! Put it this way there's 'about' 100 or more posts on this thread about 60 are saying how much of a scam it is and another 20 saying all fool you and the others saying its good. From what I’ve heard well over 10,000 plus people have taken some form of a course with them if it was that much of a scam I would except far more people on this thread saying it’s a scam. Not everyone will do well with this and that's life.
I know there are haters out there and my post will most likely be shot down saying something like you work for K2A get a life I'm 19! Anyway sorry about the lengthy and not so grammatically perfect post but you see my view and only a fraction of what I would like to say. I will check this thread and update where I am with my trading in a year’s time!
Good luck to everyone trading!
Knowledge to Action is a well-oiled sales machine.
ReplyDeleteIs it a scam? Not in the way of blatant rip-off.
There are however a lot of better run, more informative and far better value equivalent courses out there in the UK.
Knowledge to Action's courses are basic, expensive and designed to milk you of as much cash as they possibly can, by teaching you the next 'super-mega trade' on the next course.
Are the teachers traders? Not really. They are employees of Greg Secker. Do some of them trade? Yes.
Are any of them any good at trading? Well they work for Greg Secker, still...
I think as long as you got the cash then K2A is worthwhile. When I attended the 2 day course last year, place was full of oldies. when these people have worked for years and years, set up businesses and are loaded with cash, then they will want to invest it and make more cash. I have experimented with trading before attending the K2A course, I was making lot of profit even though I didnt have a clue what I was doing half the time, was being stupid and not using stop losses, but it did bite me in the a$$ in the end and I learnt never to repeat that mistake. that bitter experience has not turned me away from trading, I will begin again in a few days, this time no stupid risks,trading on impulse, crazy emotions, no stop loss etc... I will stick only to the pivot point trades for a long long time until i become consistent and experienced, then I can consider trying other strategies. I was very annoyed by reading other posts where guys just threw in the towel after making big losses. good traders learn from their mistakes and are always persistent. need to be POSITIVE.
ReplyDeleteI would reccomend using a forex broker like Alpari UK, great service including news feeds and you DONT have to pay monthly fees to them like you would with E Signal. I liked K2A course but theres no way I would sign up with E Signal and pay them like £100 a month even if I was taking an ass kicking and not making money at all lol. also that babypips.com and forex factory site is awesome, FREE too.
ReplyDeleteI too am very annoyed by reading other posts where guys just threw in the towel after making big losses. good traders learn from their mistakes and are always persistent.
ReplyDeleteThe question is, have you given trading a fare go?
We work for our Boss's for years and get paid peanuts.
Take me for example I have worked for my Boss for 7 years, I can say with confidence I am the best in the business when it come to my job.
Think about this, only 5% of the retail traders in the world make money from Trading Forex they collect the crumps from the 4 trillion dollars a day exchanging hands.
Are you going to be one of them? I know I am, K2A is just like any other course, your can learn and take from it whatever you like. If you give up too easy in other things in life then you will give up Trading the same. Please don't balm others because you could not stick to the rules.
The difference between me and others is the fact that I have given myself a good 5 to 10 year to learn and to become an expert professional trader, Yes its not easy who said it would be, nothing in life is easy.
I will leave you all with one last comment: You will get out of forex what your willing to put in. I have spent over $35k in educating myself and I would spend more because I know in the long run I will be worth it.
thanks for this. they're doing a roadshow, I was supposed to go to a free seminar this weekend, no longer going. I'm from the Philippines.
ReplyDelete