• Report: #386675

Complaint Review: Better Trades

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  • Submitted: Fri, October 31, 2008
  • Updated: Sun, November 16, 2008

  • Reported By:Waterloo Wisconsin
Better Trades
Better Trades.com Nationwide U.S.A.

Better Trades Minimize what is really needed to succeed Internet nationwide

*Consumer Suggestion: Use Common Sense

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After signing up for $3895, I realized in doing so, based on what had been said, that more was required than had been told me. So, I signed up for another $995 section, but this too proved to just be too little - and I have almost $5,000 invested - yet can't get off home base. Selecting a stock to trade is simply going to require more money and time.

Unless you can afford to go for the whole $9-12K, don't even consider this program. It is for those who have money, for all the rest it will not work, since too much is required to dig through all the sections, parcels, and ways to use even a minimal of the website, which also does not have a useable site map.

Investools at half the price is a better program for finding stocks to trade. Consider Metastock or eSignal; or some other monthly feed, which you can cancel if it doesn't work for you, but don't do this unless money is no object for you.
TH

Tom
Waterloo, Wisconsin
U.S.A.

This report was posted on Ripoff Report on 10/31/2008 10:43 AM and is a permanent record located here: http://www.ripoffreport.com/r/Better-Trades/nationwide/Better-Trades-Minimize-what-is-really-needed-to-succeed-Internet-nationwide-386675. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
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Updates & Rebuttals

#1 Consumer Suggestion

Use Common Sense

AUTHOR: Andy Houston - (U.S.A.)

I just saw a very slick TV commercial for a week of seminars to be held in Houston this coming week. I saw the big profit numbers being tossed around, regular people earning thousands of dollars with no risk using The Better Trade System. Which we would learn at the 2 hour seminar. I suspected that even though the TV ad only discussed the stock market, and kept minimizing how much money you needed to start, that he was probably selling the idea of playing options. You know, those things that 90% expire worthless, also called the Crack Cocaine of investing.

All I can say is that IF anyone could learn how to earn thousands of dollars every day after only attending a two hour seminar, why would anyone lose money in the market? Every one would use this system. If the system is a secret, then why spoil your advantage by running all over the world teaching it to people? Why not just sit and make all the $$ you want without all the travel, living in hotel rooms, eating hotel food, printing and preparing lectures.

It was obvious to me that in two hours all we would probably get is a slickly prepared and high intensity sales pitch to buy a service or a software package or additional courses priced to test our resolve; to see if you will pay $3000 or maybe $6000 or even $10,000. Therefore this group is making their money from potential investors not by investing in the market. Remember the point that if it worked so well, why spend your time teaching something you can just use.

In conclusion I won't call these guys liars or crooks, and I won't call their students suckers. I will just call the first group slick, high pressure salesmen who are very good at creating a sense of urgency in their prospects and getting people to temporarily forget their common sense and the need to think things over. I bet these students spent more time selecting a $900 TV for their living room than they spent thinking about signing over thousands of dollars to attend these classes. If you want to learn investing at a reasonable price check the Motley Fool.
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