ED Magedson – Founder
Best Choice Software2112 First Street, Internet United States of America
Best Choice is a software program that sells for $4,995 for a single copy and another $500 for a second copy. For those amounts you get the software with 6 months of free data and a 2hr. training session with a "Trainer". After 6 months you have to purchase data through Best Choice of either National Data (which Best Choice owns) of which you need a separate data feed if you have two copies, or Dial Data which is slightly more expensive but will work for both copies.
Best Choice claims a person can trade using what appears to be a simple technique but in reality all the program is good for is to show trades that were successful at certain times in past years. From there you still have to use all the normal fundamental and technical analysis to determine if a trade is likely to be successful now. It should be considered a $5,000 search engine which is all it is really good for.
The software includes a series of 22 videos to learn the software and its application. Getting Best Choice to answer any questions about what the videos teach is virtually impossible. From time to time Best Choice will offer webinars but most are not free. They sell the webinar on DVDs at a ridiculously high price one of which I discuss in the next paragraph.
They sell a three DVD Training series for $299 and is used as a give away as part of the enticement to purchase Best Choice initially. It was produced in March of 2008. It is a compilation of Sunny Decker making the same basic presentation he does in the class offered after a trade show, a short presentation by Pete Hoyt on actually how to use the software for trading, and George Lea explaining how he uses the software to find possible trades, and then uses charts on Think or Swim's trading platform to make trading decisions on. The third DVD is of no value at all as it is about 10 minutes of saying "goodbye".
In his presentation Sunny says that George Lea has owned the software for less than two years while in reality at that time George had owned it approximately 5 years purchasing it in 2003 for $3,000. How much money George has actually made I do not know but I'm sure the truth has been stretched to say the least. They claim they are going to raise the price of the software by double the amount to $10,000 but I have heard that for several years now. It isn't worth the current price let alone anything higher.
I have tried to figure out how to use the program successfully, having purchased it in 2006, but never got into using it much as I thought a person had to have at least $25,000 in a trading account to "do options". I have concentrated on Forex until now thinking I could make money off it to trade options with. I have now tracked a number of trades using the concepts taught by Sunny & Pete but none of them have been positive at all.
By simple comparison most trading training companies give extensive training of several days in length many with retakes for life. Even Globaltec with its junk programs of Wizetrade, 4X Made Easy, Options Made Easy did that. Same for Premieretradeai but those were all proven to be worthless junk. They cost $2,995 each. On-line Trading academy has classes of 6 or 7 days in length at $5,000 each with lifetime re-takes. On-Line's classes are reasonably good quality, however their XLT series are certainly not worth the $10,000, in my opinion. But Best Choice gives only the one 5-6 hr. presentation after the sale, a 2hr. session with a trainer and the worthless DVDs discussed above. The 5-6 hr. presentation is really just a sales pitch with very little teaching how to use the software at all. The reason being is many of the attendees have not purchased the software yet at that time.
My conclusion is that all Best Choice software is good for is a very expensive search engine to find the few trades a stock might produce if past performance was indicative of future performance which is a disclaimer that all companies make; that they say is required by the Government. Go take the Pro-Trader class from (((competitor's name redacted))) for the same $5,000 price tag but stay away from the XLT's they offer.
sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company, ..plus, if you post a competitors name more than likely they will show up on search engines as a Rip-off! - - your comments on this policy are welcome. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report. In this case we removed an alleged competitors name
This report was posted on Ripoff Report on 10/06/2010 12:38 AM and is a permanent record located here: http://www.ripoffreport.com/reports/best-choice-software/internet/best-choice-software-market-timers-software-scam-investing-software-glorified-search-engi-647985. 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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