Nicola Hollender Overpriced Basic 2 Months Trading Course (Scam) Exposed
I am a former female swiss trading student of Nicola Hollender, “NIG Dubai”, and would like to share my course experience, thoughts, and views with you.
In addition to other business sectors, Ms. Nicola Hollender offers two-month trading courses online from Dubai at a price of over 10.000,00 Swiss Francs, or over 10.000,00 USD and 11.000,00 USD respectively.
Unfortunately, there are empirical data, as well as some indications and criticisms, that show that the course is extremely overpriced and that the price tag of these courses seems unjustified.
Ms. Nicola Hollender charges an exorbitant amount for her two-month course, teaching, and mentoring program. Regarding the theoretical part of the first half of the course, it is very general about the stock market, finance, and trading, and most of the theoretical topics are available for free in reputable trading forums, on websites, and on YouTube.
The trading community is rich in shared knowledge, and with a little research, you can find all the theoretical knowledge mentioned yourself without spending a fortune. The same applies to installing the trading software in the first month of the course. Additionally, I didn’t find the compiled theory section particularly helpful for this course.
Aside from the costs, the quality of the instruction offered leaves much to be desired. Numerous clients report that Nicola’s lessons are far too few and too short, and that her mentoring is minimal to nonexistent. The chosen teaching format is Zoom calls and WhatsApp. It actually happened several times that Mrs. Hollender was unable or unwilling to answer student questions about the course software and course topics. For such a high fee, one would expect more comprehensive, personalized advice and support, especially in such a demanding area as trading. For this course price, the coach should be able to focus much more on each student and spend more time on each student.
Nicola boasts of some payouts from prop firms, but this doesn’t prove her reputable or consistent trading record. There is also no evidence that she has produced numerous successful trading students.
A successful trading career, especially one that justifies such high mentoring fees, should be backed by at least a decade of consistent profitability and proven trading strategies. Without these prerequisites, any claims of expertise are dubious at best. Furthermore, there should be references and reviews from a large number of satisfied, successful graduates-in other words, a representative number.
The trading industry is unfortunately rife with fake gurus who exploit inexperienced traders. These individuals often market themselves through flashy websites, testimonials, and lifestyle portrayals designed to entice people to pay for overpriced courses. They capitalize on the dream of financial independence and promise shortcuts and secrets that simply don’t exist.
Before committing to a paid course or mentoring program, do thorough research. Look for reviews and feedback from various sources. Check the mentor’s track record.
Take advantage of the wealth of free resources. Websites like TradingView, Forex Factory, and various YouTube channels offer high-quality training and indicators for free.
Exchange ideas in trading communities on forums and social media. They offer valuable insights, support, and recommendations based on shared experiences.
Be wary of trading courses from self-proclaimed trading experts, like Ms. Nicola Hollender, who charge exorbitant fees for a very short, superficial trading course which only scratches the surface and not provides real value or added value to her students. High course fees don’t automatically mean high quality, and often the best education is available through freely available resources and active community engagement.
We were a small group of students attending the trading course in question, and unfortunately, the mentioned trading course didn’t meet our expectations. Every student in our learning group was rather disappointed and felt that the course ultimately didn’t live up to its initial promise. It seemed as if it was only about selling courses, but the student will often not be enabled to recoup the course costs through the initially promised well-learned trading.
Stay informed, remain skeptical, and carefully consider what you want to spend your hard-earned money on!
Have fun with trading topics and trading!