Here are some of the more interesting comments, reviews and testimonies we have received on this blog about KnowledgeToAction:
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.
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.
It 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 very good trading experience and excellent discipline to possibly make £2,000 per month. I was conned, I lost money on trading and had to pay £32 per month for using ShareScope software.
The FSA has just issued an alert against Knowledge to Action.
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/knowledge.pdf
Additionally I saw they were advertising in the jobs section of the Guardian, please complain to the Guardian about this fraud, the more people complain the better.
I 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.
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.
Hi Guys,
I 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.
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
I 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!
I 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
took 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 .
You can do the 1 day Technical Analysis and/or Forex course at CMC Markets for just £100 and be taught by REAL professionals. And they don't spend half the day trying to sell you anything else.
Alternatively, you can buy and read "Trading for dummies". Cost £16.99 (not £2300) and you'll learn more than you will from those lying dummies at K2A.
K2A is a scam. They are not professional traders and don't have a real trading floor. They make money coning people into taking their grossly over priced rubbish courses.
When you talk to those people it's like talking to a Time Share tout who is also a member of a cult! Unbelievable.
If people here feel so strongly about them why don't you get their venues list off their website, turn up and hand out leaflets to attendees warning them that they are about to be scammed and also giving this web address. Now that would really get the shisters back!!!!
Hi there. Well, I've just returned from the two-hour introductory session.
I'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.
