Knowledge to Action - Prop course

Beginner Questions
21

[QUOTE=o990l6mh;573746]It’s really hard to just do a search before posting a question huh?

Wow, I didnt expect my question to raise such controversy! And 099017mh, not sure why you need to give the rude response…if you had read what I actually wrote rather than what you think I wrote, you would know that I am asking about their Prop Course.

I agree there have been a lot of negative reviews about K2A in general, but a lot of them will just be from disgruntled people who didnt make millions of dollars out of doing it.

22

Hi Simon,

I dont seem to have access to send a PM/email…perhaps I havent posted enough?? Says I dont have permission to access it…

Perhaps you could PM me the person you were referring to re the one who has done the prop course?

Thanks

23

Thanks martin,

I found the radio show…they really do rip into K2A don’t they? This notwithstanding, the key message I got from this is that most people dont make money from Forex trading and I shouldnt risk my money on it.

Has anyone here been successful?

24

[QUOTE=“EddyR;573920”] thanks martin, Th I found the radio show…they really do rip into K2A don’t they? This notwithstanding, the key message I got from this is that most people dont make money from Forex trading and I shouldnt risk my money on it. Has anyone here been successful?[/QUOTE]

I came from an unrelated industry (government/law enforcement), took the K2A course, am now a full time trader. My wife funded our household for the first two years to take the pressure off - she has a City job - but I was profitable within a year and these days am full time. We run a company on the side, but that is for pension and fun rather than an income, we don’t draw any money from it currently, we just build it. So the answer is yes - I do. There are a handful of other successful traders on BP, but for the most part it is rookies, dreamers, knockers and the failed and the bitter. I like Eric Thomas videos, and one message I take from those is - don’t worry about what everyone else is doing, don’t measure yourself by that, don’t let doubters dissuade you. I don’t, and I made a success of it for myself and for my wife and kids, and it’s the best move we ever made. If a thousand people tell me it can’t be done that’s fine - I already know they’re wrong, so why sweat on negative opinion. What they mean is that they couldn’t do it. History is littered with that, it means nothing. I have friends and family who do things that I would fail at - does that make them impossible?

I’ll see if I can PM you. I think you need 50 posts to have access, and as BP won’t run on my computer these days I’m stuck with the (handy but flawed) iPhone app, which doesn’t show me post counts.

ST

25

If these sales/marketing firms like K2A performed a selection or filtration procedure before accepting folks onto courses (similar to the minimum entry criteria process that banks & funds perform prior to hiring personnel) the disgruntled people you refer to wouldn’t get anywhere near a training program let alone have the time to b*tch about them.

But as you said, their priority is selling the sizzle to as many gullible souls, for as much money as they can get away with charging.
The [B]real[/B] money (for them) is made marketing all this ridiculous garbage to the retail trading community & they lap it up big style.

It’s the exact same principle & scenario on these forums.

The vast majority who participate & post here, as well as other similar trading sites, shouldn’t really be wasting their valuable time participating in & blowing their hard earned cash on this game at all because they simply don’t possess the money or the emotional & practical skills to survive.

26

[QUOTE=“EddyR;573910”]Hi Simon, I dont seem to have access to send a PM/email…perhaps I havent posted enough?? Says I dont have permission to access it… Perhaps you could PM me the person you were referring to re the one who has done the prop course? Thanks[/QUOTE]

Lol I just tried and got a prompt telling me that you have either elected not to receive PMs or don’t have enough posts to do so. I’ll drop a PM to the guy I’m thinking of and ask him if I can name drop him here.

ST

27

Thanks Simon, you can try sending me an email…i think i had the setting not to receive them off. I dont see any options for PMs though…

28

well, euhm, call me paranoid, but someone who has the key to the universe, will teach you about it for nothing and then GIVE YOU MONEY ? of theirs to trade with sounds like the cliché that goes : if something sounds too good 2b, then …

id seriously do my homework if you want to pursue this, dig into them, find news and most of all REAL people who have experience with them. I personally would stop instantly the moment someone comes up to me and will give me money for free to make more money with with no strings attached but its a free world …

29

If you only knew how many times newbies ask the same questions over and over again without even bothering to see if they may already have been asked and answered.

If you’re interested in spending a lot of money for something that you can learn for free, provided you have the discipline to make it on your own, that’s your choice.

I know nothing of this specific person, so good luck whatever you decide on.

30

Interesting read, it’s good to get the perspective from an actual trader.

31

In reply to this original thread, and having done the K2A Ultimate Forex course, which is basically the beginner 2 day course, the very hard sell then reared its ugly head and just 5 lucky people were offered the opportunity to join the exclusive UW or Unlimited Wealth program normally offered at the princely sum of $48,000 but the special offer on that day was a paltry $24,000! For this you get to undertake all the other K2A courses on offer as many times as you like, a lot of personal one on one coaching, access to the Live Trading rooms in any of the K2A offices anywhere in the World and let’s not forget the exclusive black plastic card that verifies your membership of the UW program. Are you excited, yes, but wait there’s more. As an exclusive UW program member they will give you a prop account of $15,000 and you get to keep 60% of the profit, faaaantastic! But wait - didn’t I just fork out A$24,000 to join the UW program, yeah, so they are very nicely giving me access to my own money and they get to keep 40% of the profit, if you make any of course. The additional training courses, boot camps and one on one coaching is nothing special and absolutely free if you look hard enough although you don’t have to look far as you are already in one of the best spots on the internet. If anyone is going to ask me if I joined, the categorical answer is NO I did not. The maths just did not stack up which in its simplest form is, why pay 24K to get access to 15K and still only get 60% of the profit. So there you have my response. Whether you take any notice is up to you, but seeing as the original post was some 8 or 9 months ago I guess you may have already committed your self and money and what I have written above is what you already know. If you are making money then good for you and long may it continue. If you are not well take heart that your money has probably been well spent and enjoyed and I empathise with your loss.

32

Hey all,

just a heads up if you don’t want to be disappointed stay as far away as possible from K2A or Knowledge to action or Learn to trade what ever name you like best, all being the same company.

The K2A family is an absolute disaster, the business model even worst. To be quite honest its hard to explain there structure with out going in to detail and it probably would not make sense to the average newbie hence why i will keep this simple.

In short (get it? =) your better off reading the babypips.com tutorials as aprox 80% -90% of the K2A content is derived from here and not by coincidence, meaning that most forex content is only taught one way therefore having a high correlation with babypips.com… Literally K2A’s content is babypips content.

During there boot camps they actually refer to babypips.com over and over again, they hand out slides from babypips.com…

Don’t believe me? spend $4,999 on there UFX course that provides you with 4 strategies (pivots, snap back, sniper and IG) that dont actually work and then get targeted and upgraded to the UW program for an extra $23,000 with 9 new strategies!! again that don’t work and then to the Platinum Prop program for an extra $20,000 and in return receive $50,000 trading account that you only have access to $2,500/5% draw down (can i have rebates with that to=) … oh and of course there is the new program on stock indices where they teach to be a funds manager and trade the stock indices like Greg would…

Has anyone actually ever herd of Greg Secker as in the world of trading? or in an investment bank, or a long/short equity hedge fund…answer is nope he doesn’t trade and never has… he is just a speaker.

As i said i would keep this simple and not go in to detail at all as to understand each business model would take a lot of explaining but for your own financial and emotional well being Learn to trade for free here on babypips.com, the K2A strategies do not work there just basic/random semi auto indicators with no significance at all…

A authentic trader knows that price action is actually a random walk until significant news gets priced in…

As for Greg Secker applying his theory that there is no need for fundamental analysis
nor needing to know what is going on in the world of financial economics as his bias/sentiment on the market is purely technical analysis driven… you are dead wrong Greg Secker and i will happily challenge you on that any day of the week or year! actually ill bet i can prove all your techniques wrong in exchange for your rebates on esignal and you affiliated brokers such as AXI…did i say to much?

Still think i don’t know what i am talking about?

Hope this helps guys and girls…And if you do happen to find yourself in the office during a course you sit look behind you and you will see 2-3 of the sales team members discussing who they should target next to up sell!! and don’t fall for the NLP tactics they will use on you. They will actually escort you to the bank to withdraw cash if you need too…i have seen it with my own eyes!!