A list of all scam unregulated 3rd party educational vendors

Your very welcome Fritz. Thanks for starting this thread!

I am still ticked off by those scams. I've lost money. This is probably the only way I can get some small consolation by reporting these scammers to other ET members.

I'm kind of hesitant about relating what I heard about Woodies CCI directly here. It looked promising at first. Actually trying it was mixed success. Way too many false positives and losers. If one googles "Woodies CCI" or "woodies CCI controversy" or some chosen key words, one can see the old "news" about what happened with Woodies CCI. But wondering if emg heard the same..and why he put them on his list too.

What I've learned from all this is only trust trading educators who you believe are trading for a living themselves. One can plainly see all the effort put into designing these websites and ads, and then ascertain where the money for their business is going into and where their revenue actually comes from..GL.
 
Thanks cloudy, but the honor of starting this thread goes to EMG :) !

I just did some searching and came accross a number of things involving woodies cci. There is a.o. something
- that concerns a suicide of dr. Famir (lost his whole live coz of wcci)
- about a scam that concerns handicapped children (make a wish foundation)
- about some dude disappearing from the face of the earth with $20.000.000 investor money

You can read some about it over here: http://tradersparadise.blogspot.com/2008/03/woodies-cci-club-and-very-sad-dayvery.html


Well... That all sounds like a pretty reliable party to trade with :D !!

By the way one of my contributions to this thread you can see over here: http://www.youtube.com/watch?v=JnWzBw7h1y0

Enjoy!
 
Thanks for the correction. Thanks emg for thread. I hope some of my list makes it on the main list.. A question about Larry Levin. Has someone reported their experience with Levin on ET?

Wow Fritz, great video. You caught them good. Even the charts they showed looked scammy. No candlesticks. Just trading on hourly or daily bars? Inside/outside, bars hardly work. I got a refund for an "outside" bar on bollinger band system.
http://10-minute-forex-wealth-builder.com/welcome.php
The author was huffy saying it did work, but I showed him screenshots of all my demo trades which were all losers, and said ok, I give you your refund. And look at this, even an offer to be an affiliate selling the system lol: http://www.10-minute-forex-wealth-builder.com/affiliates.html

Yes, that's what I read about WCCI. horrible. And get this, I found out somewhere if you check on the author of tradersparadise.com blog, he himself was caught and prosecuted for a $20 million ponzi fund scheme. It was on a local news report still on youtube somewhere. It showed the big gated mansion and luxury car he bought for himself and his wife and continuing to tell clients it was going well. He was jealous of WCCI's success at scamming, and he himself was a ponzi scammer too!
 
3stepislandtrader.com

Dear Trader,

Anyone can double or triple their profits on a $500 or $1,000 dollar trade. There's not too many of us who can do the same with $100,000.00 or $500,000.00, or even a small $10,000 account.

How would you like it if you could make 100% to 200% or more every year?


Obvious, this is a scam along with others:

forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
 
Updated List:

Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
 
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Updated List

Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
 
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Quote from SandraB:

I was in the room for about 7 months.

You can´t trade only with the buzzer of the calls, you have to learn Alex set ups, and where to put the stop before you trade.

I think it is not for newbies, your have to have a foundation in trading and be patient and trade in sim for about 3 to 6 months.

The calls with the advisors or with Alex are usefull to learn how to trade his calls.

I learned a lot from him, but now my trading plan is not only what Alex trades, because he is a scalper, he trades with no less than 6 cars, and he scales out with few ticks most of the position to lower the risk as soon as possible, and you can do it profitable this way only with multiple cars.

I trade fewer and only 1 or 2 times per day, agaist Alex that trades 8 to 10 times a day, and sometimes more.

The trading results are not the reality. He uses in the track record 6 cars to show the room results, and an average of the entrys of the students of the room and the trailing of somes.
And because of the delay that sometimes occurs between his trigger and the buzzer not so much students can replicate his trading if they are not experienced and know all his set ups.
But, is good to note that some counter trend trades he trades lighter than 6 cars and some trades with the trend he trades heavier than 6 cars, and in all case he shows the result for 6 cars traded.

I went out of his room because somedays he is so focused in selling that he forget about coaching, and now he has a "secretary" (his girlfriend that he trained to help him instead of washing the dishes) and that is the one who answered to any question you make to him:

"Alex mentorship is U$S 8.000 a week or you can have a call by Skype for U$S 275 per hour). Is what you get if you personal message him with a trading question, that he tells us was distracting him.

She doesn´t trades, and I told her the last time that I want to talk about trading ONLY with another trader. I pay for it. I deserve this.

So my opinion about Puretick is 50 50: 50 scam 50 coaching.
More...

Puretick issued began on page 42 and onward.
 
Quote from emg:

Updated List:

Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
More...

Well good for me I only bought four of the above mentioned courses. Yeah, had to learn the hard way. One was a definite winner if you took ALL trades as given over time. The second - YUCK! Third one - chart was so cluttered it would take a NASA scientist to figure it out. Nope, won't tell you which four but the fourth of the above courses I fell for at the time had a money back guarantee and . . . I received a full refund! :D
(I checked and don't see a guarantee on their site anymore - too many returns/refunds maybe?)

So emg, thanks for your list, albeit a bit of a silly project - do you ever have time to trade?? Anybody with your number of posts must not have time to trade, just time to hurl stones like so many on ET.
I know, I know I'll now be called a troll, a shill, etc, etc, blah blah blah and yet, I have nothing to sell nor promote!

Maybe you truly feel you are doing a service, I don't know. If so then add Trading Authority and Triple Threat FX (both by Todd Brrown I believe) and whatever else he sells. Why? While I didn't buy his course(s) I attended one of his webinars. During his presentation I had set up his "proprietery" indicators on my charts and duplicated his almost exactly in about ten minutes. I wasn't trying to be a pain (OK maybe a bit) but I typed in to say his indicators were not proprietary and mentioned the indicators he used which all were available in public domain! He got a bit disgruntled because he knew the truth. So saved some big trading capital there.

The only way to trade is learn over time, took me darn near four years and learn price action, which is a broad spectrum phrase because even price action can be different to different traders, but take the time to learn it as it works.
 
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wcci, the old hustler is selling some 99 a month indicator.

looks like the forums there are all but inactive.

has the wood run out of chop?
 
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