Tags: Forex, Knowledge to Action Ltd, Seminar, Trading
Just yesterday my bestest buddy and I ventured down to Edinburgh Grosvenor Hilton Hotel where Knowledge to Action Ltd where holding a free seminar.
Their website found here: http://www.knowledgetoaction.co.uk is how shall I put it a bit spamy looking. You know the type a one page hash of sales jargon and impressive figures that are too good to be true.
However it was my friend who found it and I hadnt seen the website until today. Anyway it was free and I thought what the hell it sounds quite interesting.
So the speaker talked for over 2 hours and to be honest didnt really give to much away……obviously! It was basically an extended sales pitch and drive to recruit people on their intensive course where you are taught Greg Secker’s proven strategies by experts. Fair dos I spose.
There was some quite interesting info in there though and it definitely wetted my apetite to investigate the Forex market more. I dont think I will be joining Knowledge to Actions course costing £2000 though, plus you have to get down to London which is even more expense! No, I think I would much rather invest that £2K in the market and have a bash once Ive read up on the basics a bit more. This of course was frowned upon by the speaker who informed us all that the money was well spent on the course as you will lose your first £2k if you dont know what you are doing.
I wondered about his and Im sure a lot of the successful traders today didnt take their course or any other. My friend has a degree in economics and we are both fairly intelligent and we picked up some good tips from the seminar, we will do a lot more reading and maybe do some investing this summer, funds permitting.
The types of investment can vary and I still dont fully understand some of them as the seminar just touched upon them briefly. Some require a bit more initial capital and others can be utilised with a smaller budget.
All in all if you are interested in starting to invest in Forex then dont be afraid of going to this free seminar, it does have some useful tips if you can cut through the bull and sales pitch.
All I would say is look out for the contradictions, one minute its easy to make money with this system and its so simple, next the speaker cant complicate things by telling you any of the “secrets” now! Hum, oh well make your own mind up.
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46 Responses to “Ultimate Forex Secrets Seminar – Review”
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Top Commentators
Neil (119)
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Unhappy2 (6)
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thanks for this useful review. I might have known there would be a sales pitch involved. You don’t get owt for nowt!
Exunctly…..you’ll get a few phone calls afterwards too. They gave up with me after two attempts.
The only thing I found strange was the feel of the seminar was “Oh yeh this is a great easy way to make money”, yet the speaker continually said “oh we wont go into this too deeply as its quite complicated”. Well which is it…is it hard or easy. The answer is of course its easy if you know what you are doing and he isnt going to tell you how unless you pay for the course.
I think however if it was that easy and fool proof everyone would be doing it. I’ll maybe have a look into it again when I have more time, but there website and general feel of the whole thing smacks of a get rich quick scheme.
When you do your research, you might notice about 95% of people who invest in FOREX loose their money. I’ve been to a free K2A presentation myself and haven’t done anything further with them, but if you are serious about making a profit on a trading account, you will be wise to spend the money you have spare on a course. Otherwise you would probably have more success hitting the casino where you are only 88% likely to loose. Just putting this out there…..
What theme is that this webpage implementing? I know it’s a site engine website but I’ve by no means seen this palette before.
Its a WordPress website, never heard of a “site engine website”? It is implementing my own custom theme.
do u know how many greg seckers there r out there? There r hundreds and they r great salesmen making a nice amount from these courses.£2000 for a two day course? come on wake up u luvley people. If u want to trade forex then listen to this bit of advice and it wont cost u two grand…learn the basics and get on a free demo a/c and there is a lot online that costs nothing more than your time..oh i nearly forgot IT IS NOT EASY!
Couldnt agree more! Invest the £2k straight into the market if you have it! I can recommend eToro to get going, simple to use and lots of help and advice.
Absolutely agree. However I will go to seminar tomorrow at Heathrow, just want to get useful tips. One year experience in this market but so sad that I still lose in my demo account. I think you should invest in this market only when you get profit on your demo account for at least 6 months. Good luck everyone. Cheers.
Hi Lee, you will get fairly basic tips from the seminar but I guess if you are making a loss on your demo account you have nothing to lose. Just dont signup and pay the £3k they want or whatever it is now.
Hi,
Very helpful review Neil.
I was thinking about going along but think I will stick to my strategy of learning with the help of IG Index who run lots of free seminars.
The course leader has written a good book on the the subject which I recommend Spread Betting The Forex Markets by David Jones.
Cheers all.
i have just been on the forex course, what they don’t tell you whn you sign up to the course in order to keep your trades to their safe 1% you need over a £1000 and they recommend £5000 to £10000, oh and when you are there you get the hard sell to attend another course at £3000 or their super course at £15000 and one of the guys took great delight in telling a few of us we would not suceed without further training.
i spent £2500 on the course and another £350 on trading and have a book and a couple of DVD’s to show for it!!
if you don’t have £6k for training and £5k to invest forget it you will not suceed.
Well it sounds like you would be better spending £7850 on trading and learning from that. So the course wasnt worth it then?
Hi Neil
I have been following your comments and advice for a while now and it has really been very helpful. I only have very little/basic knowledge of the Stock market – I need to get on some free seminars – can you please suggest a few sites or Cos I could contact to get the ´Knowledge`.
Many thanks & please keep commenting.
Regards
Tim
Thanks for the useful information. I attended the seminar on 24th Nov and am still deciding if I should join the course. Since then I have received 3 telephone calls from them asking me to join. I dont think I will bother.
I’ve been spammed a few times by these guys (via Technojobs emails and now Maxim!) and I’m sure it’s a scam, simply because as I understand it, Forex trading is a zero-sum game. No money is ever “created”, it just moves around – so if you make money, it’s because some other poor sap has lost it. If you join the market as a “newly trained” trader trading against a load of people who have done it for years, who’s the sap likely to be?
This is getting the teacher rich , not the student!!
There is one ,and one course only. in this forex learning jungle.
“Forex early warning.com”
They think outside the box, provide excellent syllabus even for newbies,
and only about £12.00 per month, (first monthfree too).
Only been with them one week, but know l,ve finally found the genuine article. If you agree join me on my new journey
Having attended the “Traders University” seminar at Bristol yesterday, I have been delighted to read the comments above which reaffirmed by belief in my own judgement. If the systems are so good, why do these “experts” waste valuable trading time running seminars!
Thank you all for the useful comments, I have came across Knowledge for Action via an e-mail from a Job search website, and immediately I searched for reviews, suspecting that all that glitters is not gold, so now, of course, I didnt even enter my details requesting to attend the free seminar!
Iuliica
After spending 2.5k on the 2 day course, which I attended last October, I am still no nearer accomplishing the figures they predicted, BE VERY WARY!!! On the seminar I was told “Oh my daughter who’s 12 does it!” “just follow the strategies we teach you” “you only have to make 10- 20 pips a day” believe me making 10-20 pips a day takes some doing. The after care is abismal.. three half hour slots,which was done on skype with a so called coach who whizzed thru everything and couldn’t wait to get off line. Then if you want any more coaching or advice guess what you have to pay again! Once they get your money they couldn’t care less, cos theyr’e laughing all the way to the bank. Am I stupid? am I a fool? guess I must be!
Joey agree with your points above. Their so called coaching on skype is generally abysmal, 30minutes flies by by the time the do their script of pumping you up and risk reward this and that and cyclicity and timing and blah blah … i swear they have a set of scripts they read from to fill in the blanks in their heads. Fortunately i had one of their ‘better’ coaches from what i understand but even what she was sharing was very limited to the script and they are not prepared to answer certain questions. Glad i did not waste money buying any additional coaching. A year on now having truly studied other aspects of trading i would say seriously guys do NOT waste your money on knowledge to action – after you do the first forex course they try to get you into bootcamp and then the new forex course. The courses are NOT taught live and the information can be retrieved from babypips and fxstreet. It seems for another blog on knowledge to action ‘just do a google search’ that their coaches and trainers who have left also are critical of the company and their operation. The biggest joke i see today is that greg seker (the snake oil slime behind this operation) is on a panel at the uk national acheivers alongside anthony robbins alan sugar and other genuine success stories – i dont think they realise what a marketing con artist this guy is – he does NOT know how the markets really work – you are basically a feeder and fuel to all the brokers they liase with and they get commission from; they tap into that wanting poverty consciousness part of your brain and say you can make it too .. a child could do this (just to make you feel inadequate) … Stay away … you have been warned by a few on this and other lists. You will only spend the same amount unlearning what you learnt on a true and real trading course. And they claim to be #1 trader training in the UK .. give me a break – also their business awards claims do not hold and dont add up as mentioned on the other blog. I accept i made the choice to attend and have moved on from this and now understand how the markets really work (you will NOT learn this on their courses); perhaps we need to be screwed over and experience BAD training to then move on to the real thing. But equally it is wise to learn from others mistakes and choices and save some money and time in the process. Good luck to those searching still and on the fence.
Hi Gareth.
Just finished reading your comments about Knowledge to Action. Thanks for that. Can you tell me how your trading is going anyway? I would like to hook up to other UK based amateur FX traders to share ideas.
Cheers,
Alex.
Hi Guys
I signed up for their stock market course a couple of years ago. Same format: free presentation and then sucker you in for the seminar which gives you the basics, but… if you really want to make money then you need to sign up for the advanced course and then the advanced, advanced course… Thousands and thousands of pounds. There is only one person getting richer/ My experience of the course was the same as Joey’s.
There is no easy way to trade the financial markets except a lot of studying and quite a lot of pain in the early days. BristolDave is nearly correct about it being a zero sum game except it’s worse than that. It’s onla a zero sum game if there are no spreads and broker commissions. If you don’t use a broker as in spreadbetting, the spreads are wider. However, the other bit is true, the markets are 10% professionals and institutions who clean up from the 90% noobies and amateurs.
You will have to read A LOT of books. “Trading for a Living” by Alex Elder is one of the best introductions but don’t stop there… You will soon discover the game is more psychology than anything else. You will quickly learn how weak you are. A system that works for one person won’t work for everybody else. This is why all seminars are a waste of money. They can only give you a introduction that you get for £10 in a book. They gloss over or ignore the real problems and there is no get rich quick solution even though we all think that we are more special than the next guy don’t do it. If you want to make money in the markets you are going to have to make a big lifetime commitment. This is not a 30 minute a day occupation. Also bear in mind that one of the world’s most famous and richest investors, Warren Buffett, only makes a 30% return per annum while normal pros are aiming for 10-15%. That’s not much if you are starting with with, say, £10 grand. Some beginners will go large and make spectacular returns of 100% but this is mostly through luck and not really knowing what they are doing. They nearly always go on to lose it and then wipe out completely.
I know first hand of people succesfully taking Knowledge to Action to court to get their money refunded on grounds of misrepresentation. Google Knowledge to Action scams for more info.
Hi guys
I got into Trading 4 years ago and like most of you went on one of those free seminars that you hear about on radio. However, I got lucky where I met my mentor. He taught me the tricks of the trade and the rest is history. I have now set up my own mentoring scheme which I run with my mentor. Please check out my blog (www.zaheeranwari.com) completely free. Please email me on zaheer@zaheeranwari.com to know more about the mentoring scheme.
I have attended these Knowledge To Action seminars and I agree with a lot of the comments above. In times like these, people who are desperate to make more money fall for their sales pitch a no doubt finish the course none the wiser.
As I said I got lucky as I met my mentor and avoided the ridiculously huge costs people pay out to learn to trade. I am offering you the same opportunity. It is a complete and comprehensive course with strategies. Please read this.
http://www.thedynamictraders.com/about/tradingroom/
I do agree with the fact that you are better off investing in a course rather than just reading. You will lose the £2000. Most top traders learn by watching and learning from successful traders. Books to read are Trading in the Zone by Mark Douglas, New Market Wizards by Jack Schwager and The way of the turtle by Curtis Faith. Without proper knwledge you will lose all your money.
We aim to enpower our members with the knowledge and confience to extract regular profits from the market that can also be incorporated into your daily life. We are long term trend traders. Knowledge to action teach you day trading which does not work unless you have million sto play with.
Please email me if you are serious about learning.
Thank you
Zaheer
Hi Zaheer
I am very serious about trading and was about to go on the course fro Greg Secker!!!!! I have been learning from babypips and been practicing on demo account but i am now ready to learn more from mentor or else and could do with recomendation plus maybe what platform would you recomend.
Thanks in advance
Andre
I’ve attended the Forex courses at K2A, and signed up for the ‘big one’. I wasn’t forced, and I did it by my own hand. Yes, the sell is hard, cheesy, and frankly, in bad taste. I started in September 2010, and it’s now July 2011 and I am only now starting to make consistent profits. Up until 2 months ago, I was consistently losing, even with K2A’s training and support.
Honestly, I will be on the big course with them until end of March 2012, and so far, I’m loving it.
I have read, and am continuing to read every book I can get my hands on, especially quality referrals such as Nicolas Darvas, Marty Schwartz, Michael Covel, Mark Douglas, Jack Schwager and on, and on.
The undeniable fact is that nothing K2A teaches you contradicts this, and they teach exactly the same rules, ergo they are teaching good and accepted trading principles. This is undeniable. However, I am not depending on K2A to make me rich. Anyone who depends on anyone else to make them wealthy trading is a little bitch and will never succeed. That’s the hard truth, deal with it.
Successful trading is the ultimate individual and maverick endeavour. It requires strength and mastery of oneself, and can be learned through effort. Ironically, it is learned fastest through social proof, and so new traders who can learn alongside seasoned traders will advance the fastest. Most of us are not that fortunate. Please make sure you are part of a trading forum, anywhere, but make sure there are also decent traders in it. Anyone who tells you that you can do it on your own, without any help, is sending you to your doom, even though you will have to learn how to trade on your own judgement down the line. You need to regularly see people win at trading, and learn their good habits, and get rid of your own bad habits. This is for your confidence at the beginning of your journey.
Trading successfully is for winners, and winners don’t bitch, you already know this. Either attend the course and use it to fast track your trading skills, or don’t attend it. If you can’t afford it, don’t do it, I can respect that. I do promise you that the probability of losing money on trading without proper money management is guaranteed, whether you decide to learn on your own or on a course. There is no shame in demo trading and researching on your own until you are confident.
So, here is my personal (as objective as can be) review of Knowledge to Action’s (K2A) courses:
1.Greg is not actively involved in coaching himself anymore- he is enjoying the good life, and is ‘straying’ a bit from his pet project, but in many conversations with him, I have found him to be earnest and straightforward with regards to trading, and that works for me, I’m not asking for more.
2. A chap I went to school with- a successful trader, and someone I trust implicitly is Paul Harrison. He is not a fan of Greg’s courses specifically because he feels that simply because Greg is like a fish to water with trading, does not mean everyone else will find it as easy, and so he worries people will not achieve their goals, because they will quit before they start to make a profit.
3. All trading coaches at K2A have to present their trading accounts to Greg to even be considered for a coaching position- the trader-coaches are real and professional, and completely different personalities and trading styles. They are good guys and girls.
4. They don’t offer to trade your money, they encourage you to trade your own money, and never risk more than 1%- this alone convinces me it’s not all a sham.
5. The trading strategies are ones developed by Greg while he worked at the banks, so they could be called high-level, but the principles are sound. One of them makes me 1% a day consistently, the other two I’m still struggling with very inconsistent results and draw-downs. This is what back-testing is for people.
6. I’ve personally watched him trade more than once, as well as the other coaches, and consistently make profits- that alone was worth my while and I have improved from it.
7. The branding and marketing is inconsistent- it ranges from tacky/scary to better and more professional. The training materials (manuals) are updated a few times a year and worth it for me.
8. Personally, the best feature of the big course (Unlimited Wealth) is the option to resit any course as often as I like, and every time I do, my trading knowledge and results get better. They have actual trading days and bootcamps, and I more often than not make money on these- for me, the big thing is just being able to trade more confidently.
9. The cost of this course is killing me, hahaha, and although I can just afford it, it will wipe out years of savings. However, I am making returns on my day account now which you are welcome to view, and my shorter (intra-day) account is slowly recovering. I am committed to this as it is in my personal opinion the only way I will really change my financial position on a larger scale.
It’s so simple for me- I know there are traders out there making money- it can be done, how do I get there? Well, I read every book and watch every DVD I can get my hands on- common principles such as support and resistance, trend lines, money management, good risk management and smart entries and exits are universal the more I learn. All of these are taught at K2A, so there is no bullshit there. I am thankful that I can ask and chat to the coaches anytime I want, and I even socialise with them outside of work- this is good for my confidence.
10. Yes, 90-95% of people who attend the courses fade away from trading, this is completely true and no different from any other course anywhere in the world. What does K2A do about it that no-one else does? They include coaching sessions, skype groups, follow up emails, weekly online strategy/market videos- you can email the coaches directly- and they really do try to get you psyched about trading and to stay in the game. You won’t find that everywhere else. Of all the fellow course attendees I’ve swapped contact details with, most have given up- the truth is, trading is hard. It requires an initial time, and trail/error investment that is so huge, it is not unlike the tip of the iceberg and what lies beneath it. Although the concepts of trading are simple, the ability to adapt your management of your own fear and greed to a consistently profitable trading method is something only you can do. The strategies and the cheerleading is what you must take away from K2A. If you are normal and you have a day job and/or a family, the rest of your life will just take over your trading- this happens the most. I’m up at 6am and to bed at 12 at night. I’m single, no kids, and a girlfriend who respects how important this is for me right now. I can’t imagine how hard it must be to get on the trading road if I had other priorities- almost impossible.
Trading is not for everyone- it will expose you to your greatest fears and inadequacies. I like to compare trading to golfing:
golf is so unforgiving in that the smallest deviation in your swing will mess up your score. To be good at golf, means you have to be better than 90% of everyone who tries it, AND it’s very much a psychological game- ask anyone who’s ever played while in a bad mood- their game quickly deteriorates. If you want to be good at golf, you need to practise, you need coaching, you need a good grip and consistent methods while you eradicate your bad habits- then you need to constantly improve your long, medium and short games- all have their challenges. This is the same as trading. When you break through the psychological barriers, trading is simple and easy from a distance, but tricky close up. It is both an art and a science- it’s the science that’s easy and simple, but it’s the art that kills you.
Whether you attend K2A’s courses, and Paul’s, or anyone else’s, know that the success will depend on your practise, psychological fitness and constant aim for improvement. Good luck on your journey- do you have the testicular fortitude to go as far as is necessary?
But don’t bitch and whine- it’s unmanly.
Hi Adam
I have read a few comments above, and it seems there are more complaints that compliments. I was convinced to pay a deposit of £495 and I was promised I would get training DVDs which would enable me to start trading, even if I did not attend the course. I was even given examples of people living abroad who were not able to attend any course and just did well with the DVDs. After a struggle getting the DVDs posted, I realised I needed a password to access them. It took another struggle to get the password. Finally I got the password and it did not work. After writing to 3 people at knowledgetoaction for a working password, including Greg Secker, no one responds. Without my knowledge, someone from knowledgetoaction attempted to get money from my bank account for the remaining course fees (approx £1600). They said I was not even supposed to receive the DVDs without paying for the full course. THESE ARE JUST A BUNCH OF CONMEN!!!!
Hi Maurice,
I’m really sorry to hear about your unpleasant experience with K2A. Although the DVDs requiring a password is standard because of DRM protection, I am surprised you didn’t get the password on a piece of paper with the discs- that’s crappy.
K2A are growing at an astronomical rate, and expanding heavily into other parts of the world. For example, now they are very much focused on Johannesburg and Cape Town, and most of the Unlimited Wealth clients here in the UK are feeling completely neglected. There is ample evidence to show K2A is not handling its own rate of growth and quality control is failing. I have had hit-and-miss experiences lately too, with trying to get hold of people or get responses and they’re basically failing to cope with the demand- I think the staff have only increased by 25-30%, but the customer base is increased by 300%, or something ridiculous. And of course, now they’ve added a call-centre to answer the phone, so you never really know if your message is getting to the right person. What’s ironic is that I receive multiple copies of these things when I sit the courses- so it seems we are on opposite sides of the ‘experience scale’.
I want to add first, before I propose a solution for you, that I recently re-sat one of the courses, and I received updated books with revised strategies. Now, one of the things I love about these guys is that they invest a lot in back-testing and improving their strategies. The same strategies are being taught, but conditions for entry and exits are being improved, and therefore so are the profits and success rates. They have also added in a few new strategies, and now they also continue to update the eSignal .efs files which highlight trading opportunities. The course I resat is very much updated from the same one a year ago. I don’t think they can realistically update the DVDs as often, but the course notes are revised every 3-6 months. Just be aware of that.
If I may, I’d like to propose you do the following going forwards? Send an email along the lines of:
//start of email
To whom it may concern,
I am getting increasingly frustrated with the complete lack of support and response from anyone at K2A. I very recently purchased your DVD products and am still not able to use them since you have not provided me with a working password. I also cannot seem to get hold of anyone, by phone or email, and my messages go un-replied to.
Additionally, and this is unacceptable to me, someone at K2A attempted to transact another amount from my card without communicating this to me.
Please can someone call me to resolve this as soon as possible? I’m looking for clarification as to what I am entitled to with my purchase and what the exact cost will be for that service.
I look forward to hearing from you.
Regards,
Maurice
//end of email.
I would then address this email to Daniel below and CC the rest of these awesome, but overworked people:
Daniel in sales (he is a good guy)
Daniel.O’Hanlon@knowledgetoaction.co.uk
Holly at reception.
holly.michael@knowledgetoaction.co.uk
Zoe who does some backup work.
Zoe.Hunt@knowledgetoaction.co.uk
Hannah in administration.
hannah.gibson@knowledgetoaction.co.uk
Since I’m referring you to them, I would be grateful if you would keep your temper in check.
If you have no luck with 2 weeks of doing this, let me know.
Happy Trading,
Adam
Hey Adam. It is great to read your comment. I did a basic course with Knowledge to Action. I find it quite helpful although it’s a hard work at the end of the day. Are you coming for a seminar this Thursday?
Hi! Thanks for the positive feedback.
Unfortunately, I’m away from Tomorrow. I am sitting in on a TU Master Trader course next week Monday, Tuesday, and Wednesday.
How is your trading journey going so far?
Adam
Hi Adam,
Atlast I have read some positive stuff about K2A. I agree to what you say as fr example when 50 students go to college and taught by same teachers, only few students top. So it is the same way as education can only be given but to grasp it.. each and every indivisual will have different clibre and results. I have been trading for few months now and still learnig. Today I have booked a course and will be attending on 26th Oct. I believe unless you try and do something, you dont know what will be the result. Trading is not like gambling, it is a proper skil. U need to understand the charts, the indicators, a proper strategy etc. So all depends on how much effort you have been putting to learn and as everyone say “be prepared to lose than earn but be positive”. Not everyone is same, so some will get good result and some will get bad result but you have to keep trying like we dont stop appearing in exams if we fail once, we keep trying unless we achieve what we want. Thanks and happy trading.
One question to Adam…
Why do you need esignal and when you can get it for $65+VAT direc from esignal then why do you pay $125+Vat. Is this really required?
Thanks
Sunil
Hi Sunil,
Yes, trading is damn difficult, I completely agree with you- my trading is only now starting to get consistent and profitable, and of course, it’s the worst time in history to start learning, because the markets are in such unusual turmoil. However, if you can learn it now, then when the markets start behaving better, you’ll make a lot of money and it will be very easy. It’s all about discipline and patience. I’m still working on both
I have my own issues with eSignal’s pricing and packaging. It seems you get a bundle deal through K2A that is cheaper than if you bought it directly. It’s really about what you will want to trade, which you might not know yet. I trade Forex and some stocks, but not enough stocks to justify the extra costs. I’m not sure where your prices come from as I never enquired directly with eSignal. I would suggest that if you are only ever going to trade currencies, that you get a quote from esignal for currencies only, and if it’s cheaper, then buy it from them. K2A have indicators that plug-in to eSignal- I wonder if they will still work that way? Please keep me updated about this?
Thanks,
Adam
Please email me on zaheer@zaheeranwari.com Andre so I can send
You the info you seek. Thanks Mate Z
Joined in 2009 …………..but remote coaching was complete failure.
Received invite to free seminar last month.
Complained about coaching bit not concluded.
After run around and e-mail to say would give up, Hannah contacted me and quickly sorted it out.
Going for coaching this week………..
Firstly, Forex Trading is not a get rich scheme. However, there are stacks and stacks of people who try to market it like that and give the industry a bad name.
I don’t know what you do for a living, but I can promise you there’s no way I could learn your job in 2 days. I could get a good understanding of what it is you do, but to actually do it for an income there is no chance. Forex Trading is the exact same thing.
Without some kind of follow up and mentorship program you’re joining the 95% of people who fail miserably and simply give up in the market.
I know several successful traders, and I myself am relatively successful so I know for a fact that good money can be made. Are you going to buy a yacht in a week ? Probably not. Anyone who advertises a lifestyle of expensive cars, helicopters, paradise islands while you just sit on your arse is selling “get rich quick schemes”.
If you want a more realistic approach, with a full mentorship program, then look us up at zatrader. Jaco van der Westhuizen (our lead trader and trainer) very often does free webinars on certain aspects to keep you motivated and maybe see things from a different angle.
I can tell you for a fact that you can earn a good income, but please don’t think it’s a get rich quick thing.
Stephen I have removed your link because when I visited your site gave me a trojan (according to Windows). Please look into this. Looked like a Java thing.
You make some good points in your comment though
I have just attended a seminar, I have been a financial advisor for over 10 years and I there are no funds that have produced over 130%pa year on year ( 10% month on month)
It seems clear that Adam works for K2A
From the sounds of it I have a few spam calls to come
You would be mad to invest 2k on this training
I agree with Neil. It is very clear Adam works for K2A. I don’t think his nose could be any further up their ass. His comments are cleverly disguised sales pitches. After much deliberation and a visit to a seminar, it is quite clear that K2A are a scam. What they suggest is not plausible and for £2997+VAT is a ridiculous amount for what people have claimed to receive in training. The fact that I see comments here depicting some of the things the speaker said such as having a nice car and big house cements my beliefs its a pitch and a money thieving scheme.
I’ve just registered for a seminar and will attend for information.
Just to address a few points in comments:
Someone has spoken about volatility being a reason for making a loss. Forex has such a small level of volatilty and hence why it is incredibly difficult to make any real profits over a significant length of time especially when you are investing 5-10k. When you are limited exposure to 1% you have very small movement that can result in misreading trends (bad times)
I think k2a are a company trying to make a quick buck. Do your own research for free before you invest anything. Like you would before you trade!
Good luck
I have just recently been to a k2a seminar in london’s west end, i for one was just there for the information as the seminar was free, and was interested in forex trading.But having read the above i will not be wasting any further time with k2a. Please can anyone advise me on how to get on the first step on the ladder with legitimate bodies of education on how to trade, and not some cheesy sales/get rich scheme with K2a.
I have just attended the seminar in Pretoria, at an expensive hotel, the speaker persistently hitting the note ‘Come, we will make you rich’ and polishes it with ‘my grandma can do it’! I did not take the course as I believe I needed to find out for myself (not fed like that, especially in my brain). I will read some of the books above for a special outcome above saying one gets to meet ‘the maker’ (ruthless fear, greed…
It is now 2012 so here is an update. I attended a seminar this week in Newcastle primarily out of curiosity but was open to what K2A had to offer. I must say the presentation was very amateurish and scammy from the start.
The speaker told us he only did 2 hours trading a day, earned over 40K and had only been doing this for eighteen months and a 10 year old could do it. In the next breath he said he travels ‘all over the place’ doing these seminars so immediately I was suspicious.
Would a guy like this be trusted to go ‘all over the place’ on the back of eighteen months experience? No matter, give the guy a chance I thought and sat there listening to a load of BS for nearly 2 hours only to be told at the end that the 2 day training would cost us over 5K.
He sensed the disappointment in the room and then said that this was the total ‘value’ and it was actually being offered at £2,997. My ears pricked up a little but he then said the only way we would get that lower price was if we signed up that night, left a £500 deposit to reserve a place and accepted that when we get to London, we may have to give testimonials and /or be videoed.
No reputable company would try to blackmail people like this with these sort of take it now or pay double tactics never mind expecting people to carry £500 or bring a credit card with them when they attend what is advertised as a free introductory seminar.
But the big kicker was when we were told we should act immediately because there were only around 17 more people being taken on and we may not be accepted if we didn’t sign up. Now, I am normally suspicious about anything like this but felt a bit sorry for some of the young guys there as they seemed to be fooled by it all.
If the guy had been honest up front and said this course will cost you £2,997 + V.A.T and you will have to pay a deposit if you decide to sign up later, he may have received a much better response. If he hadn’t tried to blackmail me at the end then I might well have considered it. Anyone considering this should think long and hard about it.
just my thoughts.
Hi John,
I too was at the seminar i believe you are talking about from Newcastle, on Monday night?
Too be honest, i didn’t really listen to the older guy talk that much, he kind of rambled on and seemed a bit unprepared, but i did sign up for the course which i took on Thursday and Friday. (i wanted quick turn around as i have 2 weeks off!)
It wasn’t the old guy who convinced me to do the course, (i was already half wanting an education before i attended), it was the younger Australian who sat outside (his name was James if i remember correct). He did no sales spill to me whatsoever, i sat with him for about 15 minutes when i ducked out for a toilet break and he just spoke one on one to me about trading.
I found that to be absolutely fantastic, he showed me charts, placed a trade (not sure how it went as i went back in the room). As he said too me himself, “try not to listen to the sales crap, just try to filter out the information, there are a few people who need an extra push to take action.” He didn’t seem a fan of the ‘pitch’ side of things but i could tell he was well into trading. Said he was over from the Australian trading floor as they are learning a new course on Futures this year to teach back in Sydney, and as the speaker for the night is a newer speaker, he would come for backup incase anyone has technical questions. There seemed no lie in that guy at all so i took action myself.
Its a shame that you didn’t do the course, i honestly really enjoyed the course, the teacher was really enthusiastic, and i walked away learning a fair bit. I stayed in London last night, placed my first 2 trades, 1 win 1 loss.
Even if it doesn’t do everything it promised to me, i gained some valuable knowledge. It’s a shame that the older guy on the night wasn’t very good, i kind of had a little laugh at him to myself, thought he was going to fall over at one stage lol.
I think with everything in life you get into it what you take out of it.
Just my thoughts.
I attended the seminar today at Heathrow and someone with a bit of common sense would have sensed this was a polished sales pitch. lots of contradictory statements from the speaker. He said “at 19 in university he saw someone trading and he started to do the same and made £400/day” about an hour later he said “nobody can do it without proper coaching”. lots of talk about Aston Martin, retire at 40, etc etc made it sound like too good to be true.
I am not sayin you can’t make money in forex but don’t get fooled by visions of Aston Martin in couple of years etc. I would have been much more comfortaable if I was told you can make an extra £700/month etc etc..
Anyways right at the start we were told the course costs £13697+VAT, now as soon as he said it, i knew there is a special offer coming up.. and band it came.. if you register today it wil be £2997+vat and guess what only 5 places available.
The speaker showed us a clip of one of their trader making £19,000 in 4 mins and 1 clever person asked how much did he invest and it was £2,000,000 thats £2m. so if you do the math that would be £19 on £2000 does not sound as attractive as £19,000.
Anyways right at the end we were told again that only 5 places left and we must book now because they won’t accept us.. we were given the dates for the course which was weekday and being a full time employee I asked if weekend courses were going to be available too.. and the speaker quickly started filling ina form saying yes we will e able to give you weekend courses please have a seat and complete this form, when i politely said that I am not ready to register today the rude response was well pay £13K for it later then.
I would say plenty of demo accounts are available.. plenty of sites like babypips and plenty of books are available to spend as much time on it as possible so dont rush and gain your own knowledge, I am currently researching and inspite of making £16K profit on demo account in 10days I am not rushing… gos i know it was pure guesswork and luck but I want to be confident when i use real money.
Happy trading and good luck.
i don’t know, 19 pounds in 4 minutes still sounds pretty good lol, i’d prefer a demo of something on that amount myself really.
They will sell you “training”, they will not teach you how to trade successfully. This you will have to do on your own. Don’t fall for it.
Firstly it is not a trading organisation. It is purely a sales machine. The coaches don’t trade and nor do most of the instructors. You will see the coaches trading £2million accounts, they are just demo accounts made to look real. Greg Secker is a fraud and has never made any money trading, he has made millions pretending to be a trader and teaching his presenters and coaches how to pretend they are big time traders. The operation works like this, they send out hundreds of invitations via email and run 40+ seminars per week. The seminars are scripted along the lines of promise the earth, tell them what they want to hear but just sign them up. Next step is the seminar. Having paid £2k plus VAT you’d expect to get value, actually you don’t, you are part of a selling machine now and next step is to sell you either Ultimate Wealth for another £15k or Boot Camp or Momentum Coaching all with outrageous prices. All these overpriced courses will be long on promises and short on delivery. Once they have your money you are then kicked out the door with little or no follow up and then it is onto the next sucker.
My advice, run a mile and avoid this company like the plague.