• Report: #318956

Complaint Review: Market Traders Institute

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  • Submitted: Tuesday, March 18, 2008
  • Last Posting: Monday, September 19, 2011
  • Reported By:Del Norte Colorado
Market Traders Institute
markettraders.com/ Lake Mary Florida U.S.A.

Market Traders Institute ,MTI False Information to sell their program Lake Mary Florida

*REBUTTAL Owner of company: Feedback


1Author 1Consumer 0Employee/Owner

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I was told about their wonderful education and that they have a "learn to earn" program where they give you a trade from their system on Tuesdays and Thursdays. These winning trades help you pay back the program costs.

You are told that they don't win all their trades but they do win 60% of their trades. For the two weeks I participated in their calls and used their trades, I lost over $2,000 as their trades lost money and booted you out at your stop loss. One of the trades bounced back after you were knocked out and did go to where they said but you had already lost money and been kicked out at your stop.

Out of three trades they lost two (both of which I had participated in, I missed the winning one). They made me feel it was my fault I lost money because their "educated people" know how to go back in and recover the money they just lost.

I have been studying forex for several months and had played several practice accounts. During those months my practice accounts did very well and I averaged 2 losses per every 11 trades.

I'm not sure their target system is very accurate or their learn to earn program a very good deal unless you have the money to pay without worrying whether you make money or not. They send out these emails about all these pips captured and that if you know what you are doing, you don't have to sit and babysit your computer to see what the market is doing. Well, if I had babysat my computer one of the trades was ahead at one point and I could have gotten out with a profit instead of a loss.

I also received an email telling me how if I had traded on Thursday evening in only six hours I would have made 120 pips or $1200 in just one trade. That's fine if it happens and if you happen to still have any money left after two bad trades, but would you trust them? I don't.

I am glad I didn't pay for their education program or their trend setter program. I highly suggest sitting in on their webinar calls and play only with practice accounts. No system is perfect but you need to beware of the costs of these systems and risks.

Mary
Del Norte, Colorado
U.S.A.

This report was posted on Ripoff Report on 3/18/2008 9:48:13 AM and is a permanent record located here: http://www.ripoffreport.com/investment-brokers/market-traders-insti/market-traders-institute-mti-a68m8.htm.

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REBUTTALS & REPLIES:
1Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Some are so amazing

AUTHOR: Richard - Orlando (U.S.A.)

It's so sad to see a good company being slammed by someone who's not really doing things right. First of all this person isn't even a client of the company. If you notice on the bottom she says she did not purchase the education. Secondly, anyone can make money on a demo account. That's why it's called a "DEMO". I will say that there is some truth to what this report says. Yes, in the earn while you learn program you are following the professional traders advice on his trade. You get to copy his trade verbatum and when he wins you win and when he loses you lose. It's part of the game.

I have been trading with MTI for over two years and the program just keeps getting better and better. The earn while you learn program was added in this last year and what a blessing it is. In June MTI went 7-8 trades in the program and I racked in $3,770. I've lost plenty of money but I can honestly say that I have won way more than I have lost due to the education. Part of the market is knowing that you are going to lose but I am educated enough to know that I can make it right back. I have followed the education exactly as it was lined up and I have been very successful. They taught me good techniques and I love that I can keep re-educating myself through their continued service.

I am one of those people that does not have to babysit my computer when I place trades. I can easily place a trade and walk away with confidence knowing that I am well educated and I only place trades after extensive market analisys and going over my trade plan. She should have bought the education. She might have known how to win her money back.

Have fun on your demo account playing with paper money. Again thank you MTI. I am close to hitting my goal of six figures this year.
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#2 Owner of Company

Feedback

AUTHOR: MarketTraders.com - Lake Mary (United States of America)

Thank you for your feedback , we at MTI take feed back very seriously and use it to better our company.  That is how the “Earn While You Learn” program was developed.  We had a number of perpestive clients who did not want to go through the full education before they got started trading, as a business, we would be crazy not to try and satisfy a market request.  We thought we could satisfy this  request for our clients.   After trying this pilot program, we have found that there is no real substitute for fully understanding the trading concepts  taught in the Ultimate Traders Package, before doing actual live trades.  It is too risky.  So we discontinued the “Earn While You Learn” program.

Our education is not any different from a student learning to be a Surgeon.  There are no short cuts to perform surgery.  A medical student must learn the procedure as well as use all of the available tools to complete the surgery correctly.  To make educated decisions in Forex trading , you have to find a good education and use the available tools.  Market Traders has the best Forex training product  and tools on the Market, The Ultimate Traders Package, MTI 4.0 Charting an Forextips website.  The Ultimate Traders Packages , is not a  get rich scheme, it is an education.  It teaches a person the basics of the Forex Market  as well as  MTI strategies , so you can be better informed about each trade you about to execute.  We are an education company , not a broker, so we can not make any guarantees on how much you will make or suggest any trades.  But we can train you to understand  the market to ensure you are comfortable with the trades that you execute.
 
The Ultimate Traders Package is a four phase education:
Phase I- 16 On Demand Modules
Phase II-  Online Classes
Phase III- Online Mentorships
Phase IV- 2 Day Onsite Training


2 Months Free Access to :
MTI 4.0 Charting Software
Forextips Website- Analyst on Demand

Again, there are no shortcuts to building a solid understanding on any important learning concept.  Shortcuts only encourage bad habits, missed important steps or thought processes.  This is the reason that you must align yourself with the best Forex Education and utilize all of the resources available.

The price of greatness is responsibility and we take our responsibility seriously in selling, delivering and servicing our products. We appreciate your feedback and wish you success in your endeavors.If you need any other assistance please call us directly at 1-866-787-8558

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