Scammers Changing their Names - Newbies BEWARE

[DevZer0]

All people new to FX trading should be aware of Knowledge 2 Action, a fake school that basically charges you £2,500 for info that you can get for free on babypips.

However, they have changed their name, presumably because of all the bad publicity and are now known as
"Learn to Trade"



As someone who was burned for £2,500, I would like to issue this warning to all people new to the FX scene. I know people who have been taken for £10,000 or more, which in this economy can literally be someones life savings.

Doing these kind of courses will not turn you into an FX genius.

After all, if they are such great traders, then why do they have to teach to make money?

Keep that question in your mind next time someone asks you for money for FX training.

DevZer0

[luiz]

After all, if they are such great traders, then why do they have to teach to make money?

.

[ExcalibuRZ]

Thanks For The Info!

[FringFX]

It is not correct and fair to make a sweeping generalization that all traders who teach are scammers or unprofitable or just in it for the money.

There are people who really have a passion for teaching, regardless if he/she is a trader or not.

Having said that, scams are prevalent in and out of the trading world and we all should be wary of them. also, my opinion is not many profitable traders are good teachers, but if ever you find one, you are lucky.

[brinkfx]

i take it you got stung for 2500 quid devezero

[ExcalibuRZ]

If that not mean scam at lease is call cheat. 2500 for the resources which we can learn from babypip for free.

If they charge it like other fx ebook seller 99, 129,149 still reasonable. 2500 I would better deposite it to trading account.

[Nikitafx]

All people new to FX trading should be aware of Knowledge 2 Action, a fake school that basically charges you £2,500 for info that you can get for free on babypips.

However, they have changed their name, presumably because of all the bad publicity and are now known as
"Learn to Trade"



As someone who was burned for £2,500, I would like to issue this warning to all people new to the FX scene. I know people who have been taken for £10,000 or more, which in this economy can literally be someones life savings.

Doing these kind of courses will not turn you into an FX genius.

After all, if they are such great traders, then why do they have to teach to make money?

Keep that question in your mind next time someone asks you for money for FX training.

DevZer0

The name of the players might change, but the game will stay they same.

If you have been around for sometime you can sniff them out from a mile away.

[Shahab Saiyed]

haha very true!!!!!

there are many scammers out there these days yet people still fall for the scams..

[brinkfx]

the thing is ....nowadays for ANY subject matter....the best initial training is online...
it doesent cost a thing...and you have access to many different schools...in forex it doesnt take too long ....with a bit of effort you can soon see the real deals from the pseudo gurus...but you have to sample several before you realise.

its good to learn from several different approaches. if you only jump on the first method or person that crosses your path...you have got to be lucky....and most probably you wont be ...

its good to get a wide idea of what methods there are out there .....before you find out what works for you...plus good to read up on many things....for free

[micmic]

It is not correct and fair to make a sweeping generalization that all traders who teach are scammers or unprofitable or just in it for the money.

Maybe not, but it's one of the few sweeping generalizations that will make your life better.

There are people who really have a passion for teaching, regardless if he/she is a trader or not.

I have never met more people with a love for teaching in any other profession. It seems that all of them had a dream to become teachers. But somehow they ended up making a fortune from forex... ain't life hard ?

If they love teaching so much then they should do it FOR FREE. They don't need the money, unless they are scammers.

Having said that, scams are prevalent in and out of the trading world and we all should be wary of them. also, my opinion is not many profitable traders are good teachers, but if ever you find one, you are lucky.

I would expect that profitable traders would have better things to do with their money than teaching others. You know, life is full of interests, possibilities, businesses, hobbies, places to visit, people to meet etc.

Those who teach forex for money are scammers in the vast, vast, VAST majority of cases.