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Report: #270568

Complaint Review: PremierTradeAI, Premier Trade - Altamonte Springs Florida

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  • Reported By: Valrico Florida
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  • PremierTradeAI, Premier Trade 220 East Central Parkway Altamonte Springs, Florida U.S.A.

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This company preys on the ninety-nine percent of the people in the country today who need to make more money but have very little experience in the foreigh currency market (the what?).

Premier markets over-the-top expensive software that is full of bright colors (namely, red, yellow, and blue) and their preentation makes it seem as though the software will just automatically generate buckets of cash faster than it can be spent. The sad truth is just the opposite is true.

The foreign curency market requires that a trader have a thorough knowledge (Masters degree is good) of world finance, stock trading, and economics, in order to grasp even some of the finer points of trading in this volitile market. And, Premier Trade should disclose this.

They should also disclose that every trade is dangerous and can result in the loss of large amounts of cash.
They should also disclose that, while not having the pretty colors, free software is available on the Internet that does the same thing their software does, only better.

Premier Trades software only works if one pays them $100 a month for the "feed." They should disclose that other "feeds" are available free.

It would also be good for them to disclose that 95% of all people who start to trade in the FOREX market lose their ENTIRE bankroll in the first three months.

Sucker
Valrico, Florida
U.S.A.

This report was posted on Ripoff Report on 08/27/2007 02:16 PM and is a permanent record located here: https://www.ripoffreport.com/reports/premiertradeai-premier-trade/altamonte-springs-florida-32701/premiertradeai-premier-trade-james-dicks-et-al-over-pricing-falsification-of-software-270568. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
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0Employee/Owner

#10 Consumer Comment

I disagree...

AUTHOR: Brent - ()

POSTED: Wednesday, January 07, 2015

While everyone is entitled to their opinions, I have to strongly disagree with the negativity and alleged "rip-off" of this product. Every time I open this software I have to click on a box that is a disclosure notice of the risks involved in trading.

I downloaded this software free and have been using it since the end of July. I have had 3 losses in that time including today's trading activity, and I trade on a daily basis. 30K in revenue since the start with full documented proof of every single trade in reports that I keep up with. With that being said, I am not an advanced MIT grad. I have an Associates in Small Business Management, that's it. I spent 3 years teaching myself the ins and outs of the currency markets that led me to be able to trade with confidence. I disected every aspect of this software before I started using it so I would have full knowledge of what was actually going on behind the scenes. I didn't get this software looking for a get rich quick scheme like it seems the negative commentors had hoped on. This software and the company aren't a scam. The box that pops up trying to get you to buy their signal services gets annoying at times, but the beauty of it is, you can just close it out. No other software on the market provides as much intel and helpful tools as this particular one does, I've tried a bunch.

Here's something else I'll touch base on, do you really think that what a retail trader does with his account is going to have an impact on a 4 Trillion dollar a day market? You aren't competing with Corporate brokerages or Wall Street fat cats. The minute amount of money you make or lose has no bearing what-so-ever. The software is actually designed for the end-user to ride the coat tails of those moving the market so that you can profit as they profit.

Common sense dictates that the "95% of people that lose their investments" in the forex market, or any market for that matter are either uneducated, or under educated as to what they are doing. You can't rely solely on technical analysis to trade profitably, you also can't rely solely on fundamental analysis. You have to understand both and know how to integrate both into trading. The "99% of people" that you speak of that need money the most shouldn't be investing "risk" capitol if they can't afford to lose it in the first place, that's more common sense for you.

In closing, educate yourself as to what you are getting into and you won't have problems like this arise. Also, a wise man once told me "the less you talk, the smarter you look." A few people on here need to read, re-read, and let that sink in. You don't have to be a mathmatician to use this software, This company is doing a lot of good for a lot of people wanting to change their lives. I am one of them. Thank you Premiere Trade for what you are providing the public, those of us that know how to use it are more appreciative than you will ever know.

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#9 Consumer Comment

So far I am VERY satisfied with Premiere Trade training

AUTHOR: Micah - (U.S.A.)

POSTED: Tuesday, July 22, 2008

I am still a newbie in the Forex Market but I attribute all the learning I have done so far to the Premiere Trade training program. I am very very impressed and I believe that, though it costs quite a bit, it is very worth it from my perspective. I have NEVER been very good at learning any concepts having to do with markets but I have always wanted to learn.

I'll be honest, It is probably the hardest thing I have ever tackled in my life. But I can't emphasize enough how totally awesome the training portion of Premiere Trade is. There is a section of the software you click on called "Training" and what I listen to every morning is the radio programs.

At first I had no idea what was going on. But with the help of the mid morning markets show especially (since that one is for beginnners), I have learned so much about technical trading and looking at charts. Deryk Banks, the host of the show, is so patient. I love how he repeats the lessons over and over again because so many of us miss it the first time. AND when you email in your questions you get answers right away and in such a personalized way...not some automated email answering support that everyone hates.

All i can say to the people who do nothing but gripe about Premiere Trade is, you can't expect results overnight and you can't expect results without working very, very hard to learn everything. They have demo accounts for a reason. And I feel obligated to defend this company because I went from knowing zero to actually understanding some things about technical trading all because of how willing the training show hosts are to answer questions and share their knowledge and enthusiasm with their listeners.

There is also a toll free support number and it goes right to a person who speaks english and is ready to help right away. The radio programs are just the greatest. I am still a demo account user. I still have a lot to learn and I suspect the learning never really ends. As far as the software goes, I caught on to it pretty quickly myself. And from what I heard on their program yesterday, they take suggestions very seriously when it comes to their software. They try to incorporate peoples' suggestions into their software which sounds good to me.

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#8 Consumer Comment

So far I am VERY satisfied with Premiere Trade training

AUTHOR: Micah - (U.S.A.)

POSTED: Tuesday, July 22, 2008

I am still a newbie in the Forex Market but I attribute all the learning I have done so far to the Premiere Trade training program. I am very very impressed and I believe that, though it costs quite a bit, it is very worth it from my perspective. I have NEVER been very good at learning any concepts having to do with markets but I have always wanted to learn.

I'll be honest, It is probably the hardest thing I have ever tackled in my life. But I can't emphasize enough how totally awesome the training portion of Premiere Trade is. There is a section of the software you click on called "Training" and what I listen to every morning is the radio programs.

At first I had no idea what was going on. But with the help of the mid morning markets show especially (since that one is for beginnners), I have learned so much about technical trading and looking at charts. Deryk Banks, the host of the show, is so patient. I love how he repeats the lessons over and over again because so many of us miss it the first time. AND when you email in your questions you get answers right away and in such a personalized way...not some automated email answering support that everyone hates.

All i can say to the people who do nothing but gripe about Premiere Trade is, you can't expect results overnight and you can't expect results without working very, very hard to learn everything. They have demo accounts for a reason. And I feel obligated to defend this company because I went from knowing zero to actually understanding some things about technical trading all because of how willing the training show hosts are to answer questions and share their knowledge and enthusiasm with their listeners.

There is also a toll free support number and it goes right to a person who speaks english and is ready to help right away. The radio programs are just the greatest. I am still a demo account user. I still have a lot to learn and I suspect the learning never really ends. As far as the software goes, I caught on to it pretty quickly myself. And from what I heard on their program yesterday, they take suggestions very seriously when it comes to their software. They try to incorporate peoples' suggestions into their software which sounds good to me.

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#7 Consumer Comment

So far I am VERY satisfied with Premiere Trade training

AUTHOR: Micah - (U.S.A.)

POSTED: Tuesday, July 22, 2008

I am still a newbie in the Forex Market but I attribute all the learning I have done so far to the Premiere Trade training program. I am very very impressed and I believe that, though it costs quite a bit, it is very worth it from my perspective. I have NEVER been very good at learning any concepts having to do with markets but I have always wanted to learn.

I'll be honest, It is probably the hardest thing I have ever tackled in my life. But I can't emphasize enough how totally awesome the training portion of Premiere Trade is. There is a section of the software you click on called "Training" and what I listen to every morning is the radio programs.

At first I had no idea what was going on. But with the help of the mid morning markets show especially (since that one is for beginnners), I have learned so much about technical trading and looking at charts. Deryk Banks, the host of the show, is so patient. I love how he repeats the lessons over and over again because so many of us miss it the first time. AND when you email in your questions you get answers right away and in such a personalized way...not some automated email answering support that everyone hates.

All i can say to the people who do nothing but gripe about Premiere Trade is, you can't expect results overnight and you can't expect results without working very, very hard to learn everything. They have demo accounts for a reason. And I feel obligated to defend this company because I went from knowing zero to actually understanding some things about technical trading all because of how willing the training show hosts are to answer questions and share their knowledge and enthusiasm with their listeners.

There is also a toll free support number and it goes right to a person who speaks english and is ready to help right away. The radio programs are just the greatest. I am still a demo account user. I still have a lot to learn and I suspect the learning never really ends. As far as the software goes, I caught on to it pretty quickly myself. And from what I heard on their program yesterday, they take suggestions very seriously when it comes to their software. They try to incorporate peoples' suggestions into their software which sounds good to me.

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#6 Consumer Comment

So far I am VERY satisfied with Premiere Trade training

AUTHOR: Micah - (U.S.A.)

POSTED: Tuesday, July 22, 2008

I am still a newbie in the Forex Market but I attribute all the learning I have done so far to the Premiere Trade training program. I am very very impressed and I believe that, though it costs quite a bit, it is very worth it from my perspective. I have NEVER been very good at learning any concepts having to do with markets but I have always wanted to learn.

I'll be honest, It is probably the hardest thing I have ever tackled in my life. But I can't emphasize enough how totally awesome the training portion of Premiere Trade is. There is a section of the software you click on called "Training" and what I listen to every morning is the radio programs.

At first I had no idea what was going on. But with the help of the mid morning markets show especially (since that one is for beginnners), I have learned so much about technical trading and looking at charts. Deryk Banks, the host of the show, is so patient. I love how he repeats the lessons over and over again because so many of us miss it the first time. AND when you email in your questions you get answers right away and in such a personalized way...not some automated email answering support that everyone hates.

All i can say to the people who do nothing but gripe about Premiere Trade is, you can't expect results overnight and you can't expect results without working very, very hard to learn everything. They have demo accounts for a reason. And I feel obligated to defend this company because I went from knowing zero to actually understanding some things about technical trading all because of how willing the training show hosts are to answer questions and share their knowledge and enthusiasm with their listeners.

There is also a toll free support number and it goes right to a person who speaks english and is ready to help right away. The radio programs are just the greatest. I am still a demo account user. I still have a lot to learn and I suspect the learning never really ends. As far as the software goes, I caught on to it pretty quickly myself. And from what I heard on their program yesterday, they take suggestions very seriously when it comes to their software. They try to incorporate peoples' suggestions into their software which sounds good to me.

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#5 UPDATE Employee

Misunderstanding the software

AUTHOR: Michael - (U.S.A.)

POSTED: Wednesday, September 05, 2007

Hello Alan, I'm afraid that you also misunderstand what the software is and how it works. Mainly the point that you made saying "Only people who know money I mean really know money should even think about going into the FOREX market. You are up against people who graduate with advanced degrees in finance from places like MIT". This is the same scare tactic that the big brokerage houses used when people decided that they could trade their own stocks, and they really didn't need a high commission broker doing it for them. We all see the result, millions of people trading their own portfolios with online brokerage firms. The reality is that with PremiereTrade AI you are not "up against" anyone. This is trend recognition software that allows you to follow what the big traders are doing so that you can profit along with them, not trade against them.

In addition I know many people who are successful traders without any advanced degrees, and quite a few who never went to college at all and are successful traders. Then when you add on top of the software the 12 hours of live daily training that we provide you will learn how to successfully trade FOREX, Stocks and Options. No other software gives you the ability to do so much or provides training to learn how to do it. If you have a little confidence in yourself Alan and use PremiereTrade AI as a tool you too can become a successful trader, but if you believe that you will lose then you WILL definitely lose..... We're here to help you.... Take good care... ...

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#4 UPDATE Employee

Misunderstanding the software

AUTHOR: Michael - (U.S.A.)

POSTED: Wednesday, September 05, 2007

Hello Alan, I'm afraid that you also misunderstand what the software is and how it works. Mainly the point that you made saying "Only people who know money I mean really know money should even think about going into the FOREX market. You are up against people who graduate with advanced degrees in finance from places like MIT". This is the same scare tactic that the big brokerage houses used when people decided that they could trade their own stocks, and they really didn't need a high commission broker doing it for them. We all see the result, millions of people trading their own portfolios with online brokerage firms. The reality is that with PremiereTrade AI you are not "up against" anyone. This is trend recognition software that allows you to follow what the big traders are doing so that you can profit along with them, not trade against them.

In addition I know many people who are successful traders without any advanced degrees, and quite a few who never went to college at all and are successful traders. Then when you add on top of the software the 12 hours of live daily training that we provide you will learn how to successfully trade FOREX, Stocks and Options. No other software gives you the ability to do so much or provides training to learn how to do it. If you have a little confidence in yourself Alan and use PremiereTrade AI as a tool you too can become a successful trader, but if you believe that you will lose then you WILL definitely lose..... We're here to help you.... Take good care... ...

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#3 UPDATE Employee

Misunderstanding the software

AUTHOR: Michael - (U.S.A.)

POSTED: Wednesday, September 05, 2007

Hello Alan, I'm afraid that you also misunderstand what the software is and how it works. Mainly the point that you made saying "Only people who know money I mean really know money should even think about going into the FOREX market. You are up against people who graduate with advanced degrees in finance from places like MIT". This is the same scare tactic that the big brokerage houses used when people decided that they could trade their own stocks, and they really didn't need a high commission broker doing it for them. We all see the result, millions of people trading their own portfolios with online brokerage firms. The reality is that with PremiereTrade AI you are not "up against" anyone. This is trend recognition software that allows you to follow what the big traders are doing so that you can profit along with them, not trade against them.

In addition I know many people who are successful traders without any advanced degrees, and quite a few who never went to college at all and are successful traders. Then when you add on top of the software the 12 hours of live daily training that we provide you will learn how to successfully trade FOREX, Stocks and Options. No other software gives you the ability to do so much or provides training to learn how to do it. If you have a little confidence in yourself Alan and use PremiereTrade AI as a tool you too can become a successful trader, but if you believe that you will lose then you WILL definitely lose..... We're here to help you.... Take good care... ...

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#2 Consumer Comment

Let me set the record straight

AUTHOR: Alan - (U.S.A.)

POSTED: Friday, August 31, 2007

"Sucker" the OP is correct. Only people who know money I mean really know money should even think about going into the FOREX market. You are up against people who graduate with advanced degrees in finance from places like MIT, I know one of them. If you use this bogus software or rely on it you will lose your shirt. Every drop will be gone and very fast in no time. Stay away Premier Trade is full of crap, the only thing they care about is you buying the worthless software before you lose all your money.

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#1 UPDATE Employee

Setting the record straight

AUTHOR: Michael - (U.S.A.)

POSTED: Friday, August 31, 2007

Dear Sir/Madam, I have to disagree strongly with your statements and I will address them one by one. I assume that you are a competitor who is trying to mislead the public since you did not use your name, but I will answer you anyway. First we don't prey on anyone. Just as most businesses in the U.S.A. we will offer our services to anyone who would like to make a positive change in their financial future. We use colors in order to make the software easier to read and less intimidating to those who might be new to the markets, while using the evolution of our learning process to bring them up to the level of a professional trader.

As for your claims of the software generating buckets of cash, we never have and never will portray our software as some get rich quick scheme. Investing in ones future is serious and it takes an investment of your time to learn and then to trade: you will get out only as much as you put in. You are correct that the foreign currency markets require an understanding of economics, but you must not think much of the American People if you think only those fortunate enough to have advanced degrees are smart enough to be successful in this country. We believe that ANYONE can achieve success if they want it bad enough, and successful businessmen like Bill Gates, Steve Jobs and Michael Dell have proven that the American spirit can achieve anything.

You commented that we don't disclose that trading involves risk. We disclose that ALL the time, in fact it is the first thing that you will see whenever you open the software, and the first thing you will hear when we start our radio training broadcasts. While I believe that people understand that anything that you do with money carries risk, we reiterate that point regularly. Read the part of the disclaimer relating to risk that everyone has to acknowledge every time they open the software.
Trading stocks, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high with trading any market, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

I must point out that there is NO free software ANYWHERE that does what PremiereTrade AI does. The PremiereTrade AI software is unique among trading platforms by covering all of the markets, and unlike other platforms customers can use traditional charting without the colors or use the color coded graphics to help them in their trading. The monthly feed provides the data and the 12 hours of daily live training that gives our customers the knowledge and confidence to become successful traders. BTW, the statistics that you mention for how many people lose money is based on people doing what you suggest. Opening an account with someone who offers some basic free charting and not getting a proper education before they start trading with live money.

As Americans we have the right to better our circumstances in whatever manner we see fit. Some people choose a second job, while others start their own business. Millions of Americans choose investing and trading, and I think it's a good thing that there's someone like James Dicks who is willing to teach how to be successful to anyone who would like to learn.

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