Is the program "Teach Me How to Trade " a scam?

Question

I went to a seminar last week and I am a little wary about this. The guy spent the entire time building up value to take a three day course for $199 and to purchase software that is $39.99 per month. He also said that there are more courses to take. Do people actually make money from stocks with this program? I believe that they had some plants in the audience to get people to sign up. Is this the real deal or are they just trying to make money from people taking classes. I give the guy credit, he at least admitted that they make their money off of the other courses after you take the three day course.

Answer 1

My answer is- maybe. I attended the 3 day workshop. If anything this part of the program is misleading- basically a 3 day infomercial for their continuing education classes ranging in package prices from 9k-40k. No possible payment plans-by the way- cash, check, or credit up front. Their marketing strategy in my eyes seemed a bit underhanded. The instructor and his crew started getting nervous when not many people were signing up for the classes (printed rip-off reports were being secretly passed around). They somewhat forcefully started sending people to the back of the room to talk to the sign up crew. If the classes they offer are worth the $, I can't say- that's quite a financial leap of faith for something that just seemed fishy to me. If you know you're not going to shell out thousands of dollars to a questionable program like TMTT, don't bother with the 3 day "course". You can save a lot of time and money by just buying a book about trading and you'll learn a lot more too!

Answer 2

My father and nephew went to the initial course not sure how much they paid but they haven't made it back and while the software isn't that bad theres other stuff out there. The main thing you gotta ask is: If their trading system is so great and will make you money then why would they waste their time teaching people instead of just trading their system themselves? The previous answers were good. You don't need them, go to a local college tech school. invest don't trade. Even if you want to "trade" theres easier/cheaper ways to learn (demo accouts and paper trading)

Answer 3

for a few hundred bucks you can take an investing course at a local vocational college, dont waste your money on something like this
you can learn online for free, but why trade anyway, just invest, invest long term in a good mutual fund and make money, dont try a get rich quick day trading scam and lose your money,

you can trade with no experience,or let a professional fund manager pick your stocks,much better luck letting a pro do it

Answer 4

In short.... learn on your own and develope a method that works for you. I started by looking for the easy way out. Special courses. Secret Software, etc.

Don't waste your money. Investing can be profitable if you take the time to learn it and be independent. Money Management Skills are more important that "picking winners".

Good luck.

Answer 5

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