Buyer Beware: Stock Trading Course, Forex Trading Course, Options Trading Course

[econbizer]

A warning on signing up for stock trading courses, forex trading courses, options trading courses. Especially avoid those that boast high returns. Out of 100 courses, only 1 is genuine. Why? B'cos if the method is such a quality product, u can easily scale up your size. If u cannot scale up... it's not a quality product.

It has been over 10 years since I signed up for an options trading course, as a misinformed "kid". I remember begin convinced by the "confident optimism" of the "course provider", K!sh*re M. I still remember the big claims he made; "I will become the next Warren Buffet", "if u lose money, I will pay u back". And now, 10+ years on, a quick google on his name will show u he is teaching a fx trading course in the Middle East, with a retreated hairline, not living up to his claims to be a big hedge fund manager. He even tried to copy thesuccessful Adam-Khoo type of course to teach kids in sg a few years back.

Granted, 1 out of 100 courses are genuine & can greatly speed up your learning process. But it will be tough for beginners to spot the difference. Some other semi-genuine courses like options trading & forex courses by brokers are good, but bear in mind their agenda is to promote their platforms.

If one is interested in the pursuit of such endeavours, one can pour through the many free materials online. And such endeavours, as with many other routes to success, will be very tough.

Buyer beware.

 

[Knightoftheblackrose]

I remember this saying ....

Those who can't do
........
Teach
.......
Those who can't teach
.........
Consult !

BTW, which is the 1 genuine course so far?

 

[wahkao3]

usually these courses come with money back guarantee
if you not happy, can as for 100% refund mah. not happy can go and ask for refund.
why complain?
did u go and ask for refund?


anyway my experience is more positive than yours. i learnt a lot about TA+FA.

 

[Shion]

This kind of courses is what wahkao3 likes to tell us about...

 

[alexchia01]

usually these courses come with money back guarantee
if you not happy, can as for 100% refund mah. not happy can go and ask for refund.
why complain?
did u go and ask for refund?


anyway my experience is more positive than yours. i learnt a lot about TA+FA.

Easy said than done.

Have you ever tried to get your money back from these 100% money back guarantee courses before?

They ignore your request, pretend like you never existed. You call them and they push your call around like marry-go-round. In the end, the they said that they'll do it, but never got done. Have to repeat calling back to push for refund. In the end, return back only 50%, said the other 50% is admin fee, course material fee, etc...

Some are even worst... not only don't refund, but keep deducting from your credit card until you have to call the bank to cancel your credit card, in order to stop the re-billing.

What 100% money back guarantee? Just say say to give you false assurance, so that you will part with your money faster.

 

[wahkao3]

Easy said than done.

Have you ever tried to get your money back from these 100% money back guarantee courses before?

They ignore your request, pretend like you never existed. You call them and they push your call around like marry-go-round. In the end, the they said that they'll do it, but never got done. Have to repeat calling back to push for refund. In the end, return back only 50%, said the other 50% is admin fee, course material fee, etc...

Some are even worst... not only don't refund, but keep deducting from your credit card until you have to call the bank to cancel your credit card, in order to stop the re-billing.

What 100% money back guarantee? Just say say to give you false assurance, so that you will part with your money faster.

zhun bo?
black and white say got gaurantee ok mah

example I signed up for morningstar subscription last time, didnt like it. I called them and they immediately terminate my account and refunded every single cent

same for GF website. Told them i wan to stop subscription they refunded.

ok one lah

 

[Perisher]

zhun bo?
black and white say got gaurantee ok mah

example I signed up for morningstar subscription last time, didnt like it. I called them and they immediately terminate my account and refunded every single cent

same for GF website. Told them i wan to stop subscription they refunded.

ok one lah

You are mixing things up.
You are talking about courses refund, unless you can prove that these courses do refund 100%, don't assume it will.
Morningstar is not the same as those people selling courses.

 

[wahkao3]

You are mixing things up.
You are talking about courses refund, unless you can prove that these courses do refund 100%, don't assume it will.
Morningstar is not the same as those people selling courses.

how about proving otherwise?
anyone here has a case study on any courses not refunding the promised amount?

pls share and let us know the course.

 

[wahkao3]

Easy said than done.

Have you ever tried to get your money back from these 100% money back guarantee courses before?

They ignore your request, pretend like you never existed. You call them and they push your call around like marry-go-round. In the end, the they said that they'll do it, but never got done. Have to repeat calling back to push for refund. In the end, return back only 50%, said the other 50% is admin fee, course material fee, etc...

Some are even worst... not only don't refund, but keep deducting from your credit card until you have to call the bank to cancel your credit card, in order to stop the re-billing.

What 100% money back guarantee? Just say say to give you false assurance, so that you will part with your money faster.

is this a true case ? Which course is it? let us know the course so everyone can avoid.

i think if they say money back gaurantee, they will keep their promise.

like for Dennis case, he says on day 2, if you not happy, go and jiak his lunch buffet and after your jiak his buffet till song, go to the back of the seminar room, there is a booth, they return money on the spot.

of course i nv go and refund coz i am satisfied with his course lah

 

[Perisher]

how about proving otherwise?
anyone here has a case study on any courses not refunding the promised amount?

pls share and let us know the course.

If you are so damn sure of it, why don't you go and sign up any random courses and ask for refund?
I don't think they will refund 100% which is why I won't try.

Though yup, it's good if anyone can share about how most courses operates and if they do refund 100%.

 

[alexchia01]

is this a true case ? Which course is it? let us know the course so everyone can avoid.

i think if they say money back gaurantee, they will keep their promise.

like for Dennis case, he says on day 2, if you not happy, go and jiak his lunch buffet and after your jiak his buffet till song, go to the back of the seminar room, there is a booth, they return money on the spot.

of course i nv go and refund coz i am satisfied with his course lah

You can try T.Harv Eker courses.

 

[wahkao3]

If you are so damn sure of it, why don't you go and sign up any random courses and ask for refund?
I don't think they will refund 100% which is why I won't try.

Though yup, it's good if anyone can share about how most courses operates and if they do refund 100%.

i not free to conduct such a study leh
if someone pays me to do it, i will do it

i know most of them will give moeny back guarantee, during seminar they say if u not happy, can really ask for refund

so given such a deal, there is almost no risk on the students

 

[econbizer]

The refund was not an issue when I took my course 10+ years ago.

I distinctly remember 2 participants going for a refund at the end of the 1st day. Where the offer was a full refund if one requests so by the end of the 1st day & no later. A bigger issue than whether one can get a refund or not.. is the following..

My warning here is that as a newbie (as I was then), one will not be able to tell the difference between a genuinely useful vs not-so-useful/freely-available-online-info course. Course providers know this.. so they use tactics like "audited returns of XX% (but fail to say the initial capital amount they used, or whether it is a demo account).. they also bait u by telling u what u will be learning "tomorrow" after the refund offer expires, & teach u only basic textbook stuff during the "free look" period.

Instead, I would encourage anyone who is really interested to learn investment/trading as a life skill, to be ready to sacrifice blood & sweat on the long road to success. One can easily google to learn on the internet where information is freely available. Better yet, ask friends who have more experience in this areas. Once, one starts, one will realise that one's initial question will lead to more questions, & then somemore.. One day, one will find that he is asking really specific questions that newbies do not know to ask.... .... & this is the way I would recommend.

Then, after u gather sufficient info, use the $ u saved by NOT signing up for such courses to invest/trade. There is no better teacher in this world, then the market.

 

[Perisher]

i not free to conduct such a study leh
if someone pays me to do it, i will do it

i know most of them will give moeny back guarantee, during seminar they say if u not happy, can really ask for refund

so given such a deal, there is almost no risk on the students

Don't always take words at face value...

 

[econbizer]

The Real Reason WHY Course Gurus Teach

The real reason why even genuine course gurus teach, is because investing/trading for a living is TOUGH.

Starring at the market all day, waiting for a setup with a good risk-reward is TOUGH. Collecting $$$$ times XXX students for a weekend's work is EASIER.

Talk is cheap, real work is hard

 

[alexchia01]

One of their tactic I hate the most, is the one where they say who can answer my question first or who come up the stage first, they will give the person money, like $10 or more.

I get really turn off when the speaker does that, like I go there for their money.

The funny thing is that there are people who actually rush to get the money, like they are really broke. I sure if the speaker ask them to sit on the floor and bark like a dog, they would actually do that.

I understand that the speaker is trying encourage people to respond or share the massage the they should not let opportunity slip them by, but this is really degrading to the audiences.

 

[econbizer]

Hahahaa... 10+ years & tactics are still the same!

I would encourage anyone who shows up for the preview seminars to sit in the front row & grab their $. No shame taking from dishonest crooks.

Take $50, donate $10 to the 1st needy u see on the streets.

Another tactic I just remembered is how the provider said he would trade "live" on day 3.. only to have a failed internet connection *clap hand*

 

[dcloud]

The real reason why even genuine course gurus teach, is because investing/trading for a living is TOUGH.

Starring at the market all day, waiting for a setup with a good risk-reward is TOUGH. Collecting $$$$ times XXX students for a weekend's work is EASIER.

Talk is cheap, real work is hard

how about managed forex account? came across it and wondering if it could be good investment.. any thoughts?

 

[wahkao3]

The refund was not an issue when I took my course 10+ years ago.

so the refund not issue, ok lah. that particular course honored its refund policy

If we not happy just go for refund, no need to listen anymore liao. there is still little risk

 

[wahkao3]

One of their tactic I hate the most, is the one where they say who can answer my question first or who come up the stage first, they will give the person money, like $10 or more.

I get really turn off when the speaker does that, like I go there for their money.

The funny thing is that there are people who actually rush to get the money, like they are really broke. I sure if the speaker ask them to sit on the floor and bark like a dog, they would actually do that.

I understand that the speaker is trying encourage people to respond or share the massage the they should not let opportunity slip them by, but this is really degrading to the audiences.

roland K! he always do tat!!