LearnToTrade.com - Greg Secker - Honest Review

[ritetrader]

i agree to this. may i know nick if you are an experienced trader? i want to file legal case against them, they induce me to register to a form that says i cannot cancel it. they wont refund my money

If you are in the UK, report them to trading standards.

[fcaldas]

Hey thanks very much for this post. I was actually considering paying the money.

I have just finished babypips.com and the course at academyft.com

Still, feeling not confident on the whole trading thing.

Any trustworthy place I can learn how to trade that is reputable?

[turtlemishy]

i agree to this. may i know nick if you are an experienced trader? i want to file legal case against them, they induce me to register to a form that says i cannot cancel it. they wont refund my money

[Isochronous]

This is just another MLM scam.

[littlemax]

Did some quick maths = 200,000 (clients taught from website) x $4,900 = $980,000,000...

[Justin]

Student : "- sir, i have to ask. why is the eu spread so big?"

Greg Secker : "- EU is an exotic. Haven't you learned that in the 25k course you just paid for? It was clearly stated there. Now shut up and get to work. Row maggots, row!"

[Nick]

Dear fellow forex warriors,

I recently returned from a conference where Greg Secker from Learn To Trade was one of the guest speakers. He did a 60 minute talk aimed at convincing gullible want-to-be traders that they can reach financial freedom simply by enrolling in their education program at a cost of $4900.

After watching and then speaking directly to him after the talk, I realised that their desire to make money at the expense of their "'students" has reached a new height and feel the need to share this info in the hopes that it might stop future people from throwing their money away.

These guys stink. They really do, and there are a few reasons why.

Firstly - They sell an unachievable dream. The idea is that after going through their course you'll be able to supplement your existing income through trading less than an hour per day. Which will mean that you'll be able to spend more time with family, walking on the beach and whatever other cliche you can think of. Total bullshit.

Secondly - After you've gone through the initial course they offer a number of "upsells" increasing your knowledge base and potential profits. The size of these upsells can be as high as $25,000. Yes, I know, crazy! But plenty of people pay it.....

Thirdly (and this is the kicker) - Once you've gone through the stages above you're invited to be a money manager under their umbrella, you'll sit under their license and trade at their in-house brokerage with a spread on the EURUSD of 10 pips. Yep, you heard that right. 10 pip spread. AND you'll be asked to invite your friends and family to allocate capital to your trading. They won't give you money to trade, that's up to you. But the "good news" is that you'll earn rebates from your money under management. And this is the part that scared me.... The driving force behind this is to earn rebates (presumably because making a profit isn't realistic).

So you are encouraged to convince your friends and family that you're now a "professional" trader and that they should give you some of their hard earned cash to gamble on the market.

Seriously?

Not only are they fleecing their clients for tens of thousands of dollars in useless education and b-booking their losses, they're now getting them to put their personal relationships on the line as well.

Their clients that go through the entire process are losing a fortune and putting themselves under impossible pressure to succeed in front of their trusted friends and family with almost zero chance of success.

Mark my words - this will ruin the lives of hundreds, if not thousands of people.