Www.teachmetotrade.com Smokescreen. Comes across that its "course/workshop" is affordable: at $200 it appears that way. Ripoff Murray Utah
Could not agree more with the "
Teach Me To Trade Teach Me To Trade is a Hustling Scam - But I Seen it Coming - TMTT WARNING Murry Utah" person reporting.
I had went to the seminar in San Diego, Ca and could not afford the $200 fee. So when it came to Dearborn, Mi I had the money. The people gave the impression that they were making it affordable for the average joe. "We don't need to charge big bucks like the other companies" they claimed. At $200 you will be able to start. So the big day arrives and I attended the workshop. It was suppose to be fast and cover a broad spectrum of investment tools (it did). It was very brief and being the beginner I was expecting to cover ground course work. Then for maybe a couple hundred dollars go to level 2. We received the shock on the afternoon of the 2nd day when it was announced that in order to really understand investing you need to take their advanced courses at $9k to $40K. (k=thousand). You could feel the change in the atmosphere (so much so, that the next day 1/4 the people did not show back up). When I explained to the expert counselor that the impression I/we were given was that this was to help the average person build up to this level, I was curtly told that "Like we mentioned, that trading is not for everyone: That unless you have the money to spend/trade, maybe it's not the business for you."
I just felt like the wolf took off the sheeps fur! It was such a let down. The next day we covered a couple of trades, then the "experts" asked if we had any questions. Then the select few about another 1/4 with the bucks signed up. The few of rest of us select few who showed upl eft feeling fleesed. Others with the intention "if I get the money I attend (if like the word try, might happen, might not).
Besides that it just wet our curiousity to get better (by studying and find someone to help, the least expensive way) till we can get a sum saved up.
Amanda
River Rouge, Michigan
U.S.A.
1 Updates & Rebuttals
Jne0493
Weirsdale,Florida,
U.S.A.
Teach Me to Trade... Ripoff Rebuttal
#2Consumer Comment
Wed, June 03, 2009
I appreciate Amanda's Ripoff Report to the Teach Me To Trade seminar, as I experienced the same seminar in Florida 2 years ago. What she has to say has merit, as, it was a 'low upfront fee' to participate in the 3-day seminar that taught lay-investors the basics of investing. Although they did press heavily for 'follow-on' trainining, to the tune of 9K like she mentioned; I can't find fault with the minimal investment seminar. I actually don't even remember if I paid $200 for the seminar, or if it was free. My only regret to their additional information was that I didn't have the extra $9K to follow up with. Since the seminar though, I've began actively trading stocks and options in an OptionsXpress account, and am forevermore grateful for attending the seminar. It provided me with an insight and level of understanding about the fundamentals of trading that I've not attained elsewhere. I've read O'Reilly's CAN-SLIM books, I've read Peter Navarro's books and lectures, but NOTHING has prepared me for trading like the hands-on seminar provided by Teach Me To Trade. I subscribe to their "Investors Tools" online for a while, and it provided me with volumes of information; and I went with a recommended online investment tool. During the brief seminar, I learned about Candlesticks, Charting, Fundamental and Technical Analysis, had questions answered about Relevance Charts, MACD analysis, the various 'trading tools' such as Fibonaci and Murray analysis. All-in-all, I came away from the seminar with much more information than I went in with, and while they did press for follow-on training for 'advanced trading' to include trips to the Chicago Board of Options Exchange (CBOE) I retain that my largest regret is not having more money available to pay them to educate me. I would and have recommended the TMTT seminars to everyone who expresses an interest in trading, as I had a very positive experience with the company, and felt that their representatives, from the presenters to the advisors were all very knowledgable and very professional.
V/R
Jeff Earnest
Orlando, FL