A list of all scam unregulated 3rd party educational vendors

If u feel the 3rd party vendors manipulated and cheated u, best place to file complaint is your Attorney General Office. For example


5dtgev.jpg



http://www.oag.state.ny.us/complaint-forms


According to New York State Attorney General
Eric T. Schneiderman:


"At the very top of the pyramid go the investments that few people should try, such as penny or microcap stocks, commodity futures contracts and most limited partnerships. Most of these lend themselves to manipulation and fraud."


Manipulation and Fraud
 
Quote from docholiday:

Hi N.. PLease put Mark D Cook on the TOP of this list!!,, Nothing but the best for one of the biggest scammers
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Does anybody has anything on Mark D Cook? Otherwise, he will not be on the list
 
Quote from Sydtrader:

You could be right on that.. It could be free advertising if people are that stupid to be lulled in like I was. But I feel better for naming n shaming some money hungry phoney whom I suspect doesn't even trade with his own money but rather makes money preying on others.
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Please don't get me wrong, I am not in support of scam artists, but this thread discussion is getting out of hand. its losing its credibility because of its tone and the number of people who are named here.

Go back to the day you chose your vendor, you knew down deep inside that its bullcrap and yet you went in and paid...you had the hope that it might be true and that you will make all the promised money, right?
No one could have stopped you at the time and NO ONE will stop a beginners because the main motivation is GREED. not even this thread.

This thread consists of people who are mad at themselves for being taken, upset at losses,etc while not taking the responsibility that they should have been smarter.
It take a scammer and an idiot (sorry) to make a transaction.

I have taken one course with one of the vendors here. yet, my expectation were never to make money with that guy, rather he had good knowledge of a particular methodology that he programmed and I could not. It helped me a lot in the establishment of my method that I trade today.

I think this should be the approach you or anyone else should take: not of "will I make money with this vendor" Rather "will this vendor help me with the establishment of my foundation of markets?" I assure you that 50% of the vendors on this list would disappear if this approach is taken.

Only you will make your $$ by making mistakes that will cost you huge $$ in the market place, and refining your method until it makes money.

I can start a thread about all these "Robin Hoods" of the trading community who want to save the world...I feel they have extra time on their hands. I really don't mean to offend anyone, but I don't get the motivation.

RG
 
Quote from RobertG:

Please don't get me wrong, I am not in support of scam artists, but this thread discussion is getting out of hand. its losing its credibility because of its tone and the number of people who are named here.

Go back to the day you chose your vendor, you knew down deep inside that its bullcrap and yet you went in and paid...you had the hope that it might be true and that you will make all the promised money, right?
No one could have stopped you at the time and NO ONE will stop a beginners because the main motivation is GREED. not even this thread.

This thread consists of people who are mad at themselves for being taken, upset at losses,etc while not taking the responsibility that they should have been smarter.
It take a scammer and an idiot (sorry) to make a transaction.

I have taken one course with one of the vendors here. yet, my expectation were never to make money with that guy, rather he had good knowledge of a particular methodology that he programmed and I could not. It helped me a lot in the establishment of my method that I trade today.

I think this should be the approach you or anyone else should take: not of "will I make money with this vendor" Rather "will this vendor help me with the establishment of my foundation of markets?" I assure you that 50% of the vendors on this list would disappear if this approach is taken.

Only you will make your $$ by making mistakes that will cost you huge $$ in the market place, and refining your method until it makes money.

I can start a thread about all these "Robin Hoods" of the trading community who want to save the world...I feel they have extra time on their hands. I really don't mean to offend anyone, but I don't get the motivation.

RG
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Great post. Mostly true, but it is also true that some people will have their eyes opened before joining. It is also true that some people might change their expectation before joining the services because of a post like yours that can only be found on this thread. Your post will probably enlighten 30, 10 or 2 people, it really doesn't matter, if it helps only one person then it was worth it (just like this thread). Threads like this are needed. There are a lot of reasons, and the indirect reasons are great too. ;)
 
Quote from IcyTrade:

Great post. Mostly true, but it is also true that some people will have their eyes opened before joining. It is also true that some people might change their expectation before joining the services because of a post like yours that can only be found on this thread. Your post will probably enlighten 30, 10 or 2 people, it really doesn't matter, if it helps only one person then it was worth it (just like this thread). Threads like this are needed. There are a lot of reasons, and the indirect reasons are great too. ;)
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I appreciate your opinion and feedback. My post had one intention and it is to stop the mob mentality staring a guillotine cheering to see another head chopped. This is what this thread has turned into.

A few years ago I attended a seminar in Chicago by a well to do trader, and I thought it would be interesting to take the education and talk to other traders. What a reality check that was! 85% of the attendees had the dumbest look on their face, most never traded, a few went bankrupt before and look for a way to recover. There were 30-40 people and I could have shared an intelligent conversation only with 1-2 guys.

I will never forget how all those people who never traded in their life running around with laptops sharing with other newbies their observation of patterns, indicators, etc. They all had an email with the word "Trader" and had an icon of every single platform out there(?)

It was the blind leading the blind.

This put me in perspective of what trading means to most: a pipe of dreams. All these unrealistic expectations will turn into frustrations, anger and sooner than later they will be on ET hating, cursing and misleading others. There are so many intelligent people on ET, and I enjoy reading their posts, but in between I need to encounter all the idiotic cursing, sarcasm, and this vendor thread.
 
Quote from RobertG:

I appreciate your opinion and feedback. My post had one intention and it is to stop the mob mentality staring a guillotine cheering to see another head chopped. This is what this thread has turned into.
...
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The thread was largely a witch hunt from early on and I agree with most of your comments.

Rather than try and compile a list of people and orgs that are scam artists, I would say that everything that someone needs to know to have a decent shot at trading successfully is out there and available on the web FOR FREE, short of maybe real-time charting services. You just have to spend the time finding and identifying it.

My recommendation as a good source is

http://www.bigmiketrading.com/

Either way, you have to put the time in.
 
Well I decided to add to this list because a Scam vendor 'online trade trainer' can have a devastating impact on a subject who seeks their services; and no we don't enter into it knowing we'll be scammed, as another said its usually with open eyes and a belief that the vendor can help get us out of a hole and to improve our trading.

In my own situation I was getting damaged trading futures which I only commenced mid 2011, yes remember the volatility of last year and the gambling effect which can ensue. So I was not properly defining "risk" in every trade and sticking to it, that's right canceling "stops" if I had one in place and on some days losing thousands and on one particular day 5 figures. But then I would revenge trade and often win money back and then fall into the trap of emotional euphoria and then give back what I had earnt.

So I approached this so-called professor (hah) about learning to trade. You see when we are vulnerable from losing anything not to mention money we are clouded by good judgement about whom a worthy trading vendor/educator may be. So I signed up for the course I previously outlined and i soon realised the course was a joke CCI index and Stochastics and no money management. But I was gut-wrenched when this vendor D. Adams phoned me on skype one morning whilst here in Sydney Australia asking me for further money to commence an advanced course. So still being vulnerable to the markets after big losses I signed up and paid for it with my PayPal account. But there never was an advanced course, not even anything delivered on paper or emailed. To cut a long story short after requesting Adams to hand back the course fee he declined- a course that I never even received.

I recently had a private email from another on this site. Obviously he is an experienced trader and he conveyed to me that trading is about 95% money management. After reading some Mark Douglas this year I think that is spot on the money. I am now trading by my self and defining and accepting the risk in every trade. I now understand that trading outcomes are a very random set of variables and it's all money management after defining an edge.

In my every day life I'm actually a confident and strong person, contradictory to what trading was doing to me. But now I'm learning after 4 years in stocks and 9 months in futures, it's not about high frequency trades for me but rather setting a trade up letting it fill with risk and profit defined.

I don't regret posting about this issue. Just a shame I'm so far away as I'd like to give the professor a real piece of my mind. Good luck to all the traders who've also been 'bogged' down by live trade rooms and ridiculous courses. The only way is to learn from yourself.
Cheers.
 
Quote from RobertG:

I appreciate your opinion and feedback. My post had one intention and it is to stop the mob mentality staring a guillotine cheering to see another head chopped. This is what this thread has turned into.

A few years ago I attended a seminar in Chicago by a well to do trader, and I thought it would be interesting to take the education and talk to other traders. What a reality check that was! 85% of the attendees had the dumbest look on their face, most never traded, a few went bankrupt before and look for a way to recover. There were 30-40 people and I could have shared an intelligent conversation only with 1-2 guys.

I will never forget how all those people who never traded in their life running around with laptops sharing with other newbies their observation of patterns, indicators, etc. They all had an email with the word "Trader" and had an icon of every single platform out there(?)

It was the blind leading the blind.

This put me in perspective of what trading means to most: a pipe of dreams. All these unrealistic expectations will turn into frustrations, anger and sooner than later they will be on ET hating, cursing and misleading others. There are so many intelligent people on ET, and I enjoy reading their posts, but in between I need to encounter all the idiotic cursing, sarcasm, and this vendor thread.
More...

I was one of the early candidates listed in this infantile thread, and didn't mind the exposure one bit. It's an absolute fact that the silent majority of readers here are normal, mentally stable, intelligent people who can rationally think for themselves.

They see a bunch of posts here and consider the course. OP of this nonsense thread has compiled 3,600 posts in less than two years, most of which proclaim the readers of this site will lose money with no possible chance to succeed.

Then they look back into his post history and see where the proclaimed +1pt ES profit trades that actually happen about once a month are celebrated like his very first high-school kiss.

So when compared to that standard of measure for street cred as a trader, I cordially asked to have my info posted in bold navy blue so it'd stand out starkly. If some village idiot wants to throw around free advertising, why fight it?

**

This site used to be full of veteran successful traders posting regularly. You could actually have an intelligent conversation with others, amidst the usual heavy flaming. Now look around and see what thread topics exist. Five guys won the lottery or came into millions and their first inclination is to post here? The silent majority here is waaaaaaaay more intelligent than the verbal minority who post 5+ times per day on average.

Lastly, the persistent myth that everything known to man about trading is available in public is exactly that: a message board myth. Maybe 75% (at most) exists in public, scattered to the four points of compass. Anyone can spend three - five years combing thru the rubble to find puzzle pieces and figure out how it all fits together.

Three to five years, minimum just to reach the starting line. Maybe that's not so very long to wait for most people trying to learn this profession.
 
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