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  • Report: #999621

Complaint Review: TRADERS INTERNATIONAL

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  • Submitted: Sat, January 19, 2013
  • Updated: Sat, January 19, 2013

  • Reported By: RH — South Morang Other Australia
TRADERS INTERNATIONAL
15/64 Sugar rd. Internet Australia

TRADERS INTERNATIONAL CEO Lachlan Elsworth the biggest liar . TRADERS INTERNATIONAL - DISHONEST & MISLEADING Dishonest, Misleading, Australia Internet

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I have witnessed unfounded and inappropriate presentations by LACHLAN ELSWORTH of Traders International quoting we are achieving up to 600% ROI each month and this is done live in our trading rooms but has no/is showing no hard evidence (i.e. trade screen shots and individual trading account) to backup these returns which remain unproven. Instead, sucking in the uneducated prospects with misleading impressions and unrealistic expectations during his webinars to leads and prospects.

Lachlans comments constantly gives the impression that every trade will meet at least 10ticks/10% every time, is false advertising. Every trade screen shot shown by Lachlan is selective and not consistent and he avoids showing trade screenshots where all the rules were met but the trade did not work. [continued below]....
..... Lachlan indirectly hypes that there will be runner opportunities every day on every trend switch which the Traders International signals will be able to get every time, is more unsubstantiated hype.

He is not being 100% honest upfront from a speaker point of view by not showing visually the winners and losers, which are both sides and the true realities to trading. Also, Lachlan continually avoids/never shows his own personal trade screen shots and his own personal live trading account, which alleges he does not trade his own money at all the way he teaches not walk the talk. Traders International are only analysts and only marketers who sell indicator-based systems using hyped returns but provide no hard evidence to backup their returns that they claim they are getting in their trading rooms.

They use facebook/twitter to market what other traders are saying but they avoid/never talk about their own individual trading - because it does not exist. I personally have asked the hard questions with numerous emails/phone calls to the Traders International office and to Lachlan Elsworth - which keep getting ignored and they don't return phone calls. The CEO Afshin (who makes no time for his members), Lachlan Elsworth (who is inconsistent and contradicts himself with bad advice/double-standards about general info and trading methodologies during/between his webinar presentations) and the staff at Traders International do not all trade.

They collate, use and steal ideas and screen shots from their members (including myself) and other traders who email them screenshots, see what's working at the time, and then come up with systems and they take the credit for it. Also, Traders International will not coach you personally on technicals unless you fork out more money to their trading room subscription - I use to be in their trading rooms in the past, it is of poor quality and the moderators are not consistent with themselves and not consistent with each other.

The moderators live trade using a test account (i.e. the company's money), however, none of them trade with their own personal money in the trading rooms on what they teach. All indicators lag and there is no consistency in profit returns over the long term when trading off indicators I know this because I have been backtesting for over five years trying all sorts of indicators. Price action alone is king when you know how to read price action only then you will start to trade successfully and will never need to use any indicators ever again! Stay away from Traders International their explanation of trading methodologies

This report was posted on Ripoff Report on 01/19/2013 05:16 AM and is a permanent record located here: http://www.ripoffreport.com/r/TRADERS-INTERNATIONAL/internet/TRADERS-INTERNATIONAL-CEO-Lachlan-Elsworth-the-biggest-liar-TRADERS-INTERNATIONAL-DI-999621. 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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