Hi all I’ve been browsing these forums for a while now just reading up on various threads to try gain some insight into forex trading. At first it all seemed a bit overwhelming but slowing things are starting to make sense. I’ve also been playing around on demo accounts and have had mixed results.
I recently attended a Knowledge to Action seminar and although they do seem to promise a great deal it came across as a hard sell to attend a course they offer and it seemed quite expensive. And during the seminar they didn’t touch much on FX trading itself but more on the product they were trying to promote. Anyone had any dealings with them or attended their course?
Also has anyone had any dealings with Admiral Markets? I was interested in setting up an account and one of the accounts they have is an account with is pretty much managed by a professional trader who does trades on your behalf. In a sense this seems quite attractive. Anyone else have an account set up which where the trades being made are done by a trader uses a broker platform to execute their trades?
Your thoughts and views would be greatly appreciated.
I went to the same seminar almost 2 years ago and yes it was just a hard sell opportunity. Many things didn’t add up. My brother in law asked me to join him as he wanted my opinion. I also did some google research on it. My conclusion:
My brother in law has a client who actually attended the overpriced course and is making about ZAR40k-50k per month (about 4000 - 5000 USD pm) trading the way he was taught to do. But we don’t know with how much capital he started with(he just sold his business and retired and started doing Forex so it could be quite a lump sum).
What I found on the net was very little about Knowledge to action or greg (the guy that started it) other than what you get told at the seminar, but I found some reviews online about the course and it was quite unanimous: all the info they give you in the ZAR23k (about 2.5k USD) 2 Day course and 400page manual is all info that can be found on the net.
Like anything else in my life I personally don’t like being spoon fed an isolated section and not know the actual info behind it so I opted to do my own research, find study material online (found babypips shortly after and did School of Pipsology) and start demo trading different systems until I find out what works for me and read, read, read everything from economics, reviews on systems, money management, stocks etc.
Now I have finally found a system that fits me like a glove - NickB price action S&R system. Learning all I can from his webinars on his website Forex Education | Learn Forex Trading | Forex4Noobs and his thread on babypips and demo trading it now. Will go live as soon as possible. Just also busy finding out about taxation in our country etc so I know its all legit.
For me its a journey and something that always interested me so its not just about the money but about learning new skillsto teach my children one day how to make their own money no matter what happens in their own country and the world economy.
OP if you run an archive search on BP you’ll find loads of threads on K2A, a lot of detail from several different people.
It generally boils down to two aspects: does the course say what it says it will do, and is it value for money (although many confuse those two aspects).
It treats participants a beginners, so experienced traders going (but why would people who can trade pay for a course?) along will find that they know a lot of it.
In my case I’m happy with the investment, I trade their approach and make good money, and in terms of value I paid just under £4k for the course, the course material, a year’s 1-1 coaching on their trading floor, an lifetime access to weekly trading seminars which I can download and keep. Given that I have made my course fee back several times over I’m delighted with it, others are not, do a search and draw your own conclusions.
For what it’s worth, my own take is that people who fail at something are rarely happy about it, and people who succeed feel little need to make a loud fuss about it. I chose a course as it provide me with contextualised information and ongoing support, and that is exactly what I got.
Anyway, sorry, I am rambling - if urge you to do a search on BP, as there have been numerous threads on Newbie Island, Forextown, Melting Pot and the training providers section )whatever it’s called!).
I am Admiral Markets’ representative here on BabyPips, so if you have any questions regarding our company and its services, I’ll be happy to assist you in the respective section of this forum dedicated to Admiral Markets.
I fully understand that comments and opinions of other traders are a reliable source of information for you. I hope that you will be able to get trustworthy information about our company form the forum members. In the meanwhile you could read reviews about Admiral Markets on other forums and websites like, for example, ForexPeaceArmy, which is considered to be a trusted source of information.