Trading is mostly full of charlatans & scam “gurus” mentors. I’d appreciate some honest feedback on this particular trading “guru” to determine whether he is trustworthy.
Finding a legitimate trading mentor feels like searching for a needle in a haystack.
Let’s be honest, anyone selling a course for over $2,500 is, in my opinion, a scam. If they were truly professional traders, why would they need to sell courses instead of making money from trading? I’ve seen YouTube videos where he claims an 80%+ win rate and suggests that anyone who takes his course will become consistently profitable.
I mean this guy is always posting videos and selling himself and wanting people to sign up. I am very suspicious. What are your thoughts? Thanks!
There’s your answer. People who can trade successfully have neither the need nor the desire to “post Youtube videos”.
He probably wants to attract people gullible enough to think that that, in itself, is some kind of glowing recommendation for a system/method. It isn’t.
I think he has some marketing skills (maybe not great ones, from what you’re saying?) but I’d certainly be extremely surprised if he has real, viable trading skills. I guess “very rare exceptions” are always possible, though?
Yea true. He claims to be a former Wall Street Currency Strategist. He has tons of youtube videos with random testimonials . He puts so much effort into selling his course/mentorship that I wonder how on earth he has time to even trade. He calls himself Dr Greg McLoed as he claims to have a PHD and that most of his students are successful. It just reeks of a scam but he gets away with it, like they all do
Who knows, I tried to do some research on him and not just base it off his terribly edited youtube videos selling his mentorship/courses. His students all sign a NDA and he claims majority of them are successful. I don’t trust him and nor do I trust his testimonials. It just seems like it’s all setup like a scam, written all over it, but countless people for it , hook line & sinker. Makes no sense how so many people for his BS. What I did end finding was this; " Dr. Gregory McLeod has faced allegations related to fraudulent trading activities. In July 2022, an investor accused him of fraud, failure to supervise, breach of contract, violations of FINRA Rule 2210, and suitability violations, seeking $85,000 in damages. - Kurta Law Firm"
All you have to do is enter trades randomly, on any pair, in any direction, with a 50-pip stop loss and a 5-pip target. You’ll have at least an 80+ win rate, overall. Maybe nearer 90%.
You won’t make any net profits, obviously, but you’ll get some customers for whatever it is you’re selling, and that will be much, much easier money than income from trading.
