Market Traders Institute
255 Primera Blvd, Ste 230 + OTHERS
LAKE MARY AND JAMAICA Florida 32746
U.S.A.
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Market Traders Institute Makes False Claims forex, currency trading, currencies, trading software, managed accounts, live seminars, training LAKE MARY AND JAMAICA Florida
1Author
3Consumer
0Employee/Owner
This company sells software to help you be successful in trading Forex. Their return policy is a "full" refund minus $500. The software costs $3,995.
The company does live web trading sessions where the owner discusses Forex and tells everyone what trade we will be making that night and what profit to expect.
His web site now shows that his track record is 10 for 10 winning trades. It shows the trading chart for Thursday night, the night I watched. He said that we were to enter the market at the optimum price of 146.05 and get out at 145.45. His web site shows how wonderfully successful he was that night. But his chart is fake. The price never went down to 146.05, the low was 146.09.
He said if the trade didn't develop in 6 hours we should drop it so that's what I did. But he shows that he not only bought in but got out in a matter of a few hours. His target price of 145.45 did not occur until the next
morning over 12 hours aways. They use this record to induce people to buy their software, but they lie about it. I wonder how many other trades they have lied about.
Oh, and by the way after I emailed them, their "10 for 10" and "winning chart" disappeared from the web site along with the records of the actual winning trades a month. Now it says it does 8 trades a month. I wonder what happened to the other 2. And he runs one of these seminars once or twice and day and each time, I would imagine, he's recommending a trade. That would be at least 20 a month.
Bogus reports, over-priced software. I'd steer clear.
Susan
Holland, Iowa
U.S.A.
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REBUTTALS & REPLIES:
1Author
3Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Richard - Orlando (U.S.A.)
SUBMITTED: Friday, June 27, 2008
POSTED: Friday, June 27, 2008
To everyone interested in the Forex Market,
I have been a very happy client of this company now for over two years. Unlike Susan I purchased the education for the full price of $6,000. After reading her report i was very disgusted by her false comments. The purchase includes a lot more than just software. With the purchase I was given 12 months of charting that are absolutely neccessary to place proper trades. The charting that MTI offers is the most advanced charting i've ever used. It comes with 185 indicators that also allow you to create your own trading system. The charting also comes with 7 trading systems that market traders developed and were backtested before being released. You can back test them yourself as well.
The education starts off with 16 lessons that are accompanied with a work book to help you completely understand how to read charts and help you figure out good entry and exit strategies to maximize profit in the Forex and minimize the risk.
The second portion of the education starts with on-line classes that are interactive and archived. Once you purchase the education you are able to attend this class as many times as you would like for the rest of your life. During the class the professional traders make sure that you completely understand all the material and help you apply it to a demo account to make sure that you are successful before letting you risk any real money. You can also schedule a 1 on 1 tutoring session with a professional if you need additional help at no cost(great support).
The third portion of the education is now when you start going to advanced mentorship classes(on-line as well) that are given by the founder of the company twice a week and are very helpful as well. At this point in your education you are encouraged to start trading with real money but you are recommended to only do mini trades to make sure that you are risking less money being that you are still semi-unexperienced. The reason it is good to trade with a mini account:
~You will trade less
~you will be more selective with the trades you take
~The habits you develope at this point by trading real money will be stronger
During the last portion of your education you get the opportunity to attend a live two day on-site class that is offered a few times a year in Florida and they also travel to a different state every month to try and get closer to other clients that don't live by the company headquarters in Lake Mary Florida. The best part of the two day class is that they teach very advanced techniques and it's the perfect opportunity to network with other clients to find new bussiness opportunities.
The trades that Susan spoke of twice a week is part of a program that is offered to clients called "The Earn While You Learn Program". During this web presentation the director of education places a live trade call that allows us clients to copy on their own account and helps us make money by piggy backing on his trade. Last month I made $3,770 just by following these live trades. She was right by saying that these trades happens 8 times a month and honestly it's a gift from the company. It saves me some time from having to analize the market myself and all I do is copy his trade and 9 times out of ten we make money.
This education is not for someone who is not really interested in making money. It is very detailed and you are honestly offered more support than is needed. I have been nothing but successful and love the fact that I have been able to quit my job and now work from home. I have brought many refferals to the company and have nothing but happy friends and family members making money. I recommend the education to anyone who is seriously looking to be their own boss and doesn't mind sacrificing a couple of hours a day to studying. Copletely worth it and I plan on being a client for years to come.
Thank you Market Traders for helping me financially free.
Louis,
Chicago, Illinois
#2 Consumer Comment
AUTHOR: Willson Davis - Orlando (U.S.A.)
SUBMITTED: Tuesday, July 15, 2008
POSTED: Tuesday, July 15, 2008
It is quite peculiar all of the complaints are from individuals who have not purchased the education but simply attended a FREE live trade demonstration.
I've been through the education so I'm familiar with Market Traders.
First they only conduct live trade demonstrations twice a week not throughout the day.
Second, the trades are conducted in the live market for anyone to track via platforms from various unrelated brokers. It would be suicide to misrepresent a trade in the live market which would be easy enough for anyone to discredit.
I applaud these educators for having the confidence in their education to stick their necks out, and open themselves up to the general public by calling live trades. Most educators tout their "methodologies" but when asked for an entry or exit point they shy away.
I for one don't want Market Traders to stop doing what they are doing because a few disgruntled rookies happened to sit in on a trade that went against them. I'd feel differently if the complaint came from someone who actually purchased the education, utilized every tool and system available, yet still lost their money.
These guys are the real deal, they aren't afraid to call a trade, and furthermore they offer a money back guarantee on their material if a client isn't satisfied.
For anyone wanting serious education on learning how to successfully trade the Forex market (who is not looking for a brainless RED LIGHT GREEN LIGHT system), but is willing to put in the time and effort required, give these guys a call.
Wilson ****
Florida
#3 Consumer Comment
AUTHOR: Matthew - Good Hope (U.S.A.)
SUBMITTED: Saturday, February 28, 2009
POSTED: Saturday, February 28, 2009
First read the Wikipedia entry on "Brownian Motion." Now that you understand what a stream of random numbers is (That's what market fluctuations are.) you can understand why no one came make the kinds of claims this company makes. They may as well be selling software that hazards a lottery guess. I have a simple thought experiment for you to consider: what would be the effect on the market if everyone was employing the system in question? Would all investors break even? But no qualification was made by the company regarding the behavior of all the other traders. Markets don't produce anything. Someone's gain is another's loss. What is needed is a return to the days of truth in advertising laws with criminal penalties. I would think that anyone who ever wrote a check to this company would have a cause of action based on their fraudulent claims.