Are the terms and conditions of knowledgetoactions' trading course legal? Having problems getting a refund or canceling your traders university course? Hi Just read your blog on Knowledge to Action. My brother and I had signed up for the course after attending a free seminar, a few days ago. I looked at the deposit sheet we got and as we were never told about the refund conditions I turned it over and in very faint print, read section 2. I called The office of fair trading and explained the whole situation. They told me exactly what to write in a letter to ask for the deposits back, as they said that in England no matter what it says on the form, everyone has 7 days to ask for a full refund. The person stressed that it is law, and the company has to give you a full refund. If anyone needs a copy of what needs to be put in the letter then I will be happy to tell you. I am now waiting as I sent the letter today and as I only paid the deposit 2 days ago. Yeah, I'm having the same problem. Could you tell me what you had to do and who you wrote to? They don't want people to take forms home and read them carefuly. They offered a 1 grand discount for a promise to give them Your trading history for 6 months after the course so people would fell easyer for signing up. Course, I have recently attend to one of these free seminars, and they near catch me. Their selling practices were really hard. And today the have phone me, I was at work so I do not know what they wanted, but they will call again. I will keep you informed. Any way I would like to know if they offer something real or is really an scam? Hello everyone IIan here, the guy who posted a commment at the top and contacted the Office of Fair Trading. Well after writing off to them I did get my full deposit back. In the letter I gave them 10 day to pay up or I would pass on all the information to the Office of Fair Trading. Everyone just remember that YOU do have the law on your side. This blog is excllent! Action thought there was something not quote right about the whole approach of Knowledge to Action. If you really want to learn to trade - do the research yourself on the web, looking for a technical approaches. Keep your head in the finacial news - e. Surely, the opportunity cost of trying to get people to sign up to a course is higher than executing a successful trading strategy?? The truth is, Knowledge to Action make money by selling something with zero risk. What is the cost of sales for knowledge? Not only that, they probably get sales commission for introducing you as a trader to their broker network, or selling trading software or a market data subscription. There is NO QUICK AND EASY WAY. You can't just spend 30min per day to trade well A good trader is able to anticipate market movements ahead of time or react very quickly, before the masses take away any opportunities. I attended a 2 hour intro on Friday 27th March on FX. After a i hour high pressure sale was told we would see live trading to get us there at their so called trading room we were asked, who wants to learn to make money put up tour hands. As this was done at their business address. The women conducting the meeting was a so called FX trader expert but did not know what she was talking about. I promptly left with a number of other people. According to The Office of Fair Trading, if you sign up on their actual premises then they do have firmer ground to fight to keep YOUR money, but as long as you ask for your money within 7 days of paying then by law they cannot refuse to give you your money back. If anyone wants to know the exact terminology to use in the a letter asking for your money back then just reply to this and I will post it for you. Hi There, Does anybody knows what I should do if I dont want to attend the course and dont want them to charge me? Is there any legal way after the 7 days to avoid making the full payment even if I loose my initial deposit? Hi I do believe they are trying to scare you by threatening you with interest being added on, Who are they, a secret bank? The Office of Fair Trading will be very interested in the tactics that they are using on you. Tell you bank under no circumstances are they to be paid, then contact the Office of Fair Trading and tell then EXACTLY what is happening. It is illigal what they are trying. Hi There, They want me to come in an arrangement with them and pay the for the course even if I dont attend, I think this isnt fair, I dont think that any consumer has to pay for something that they decided is not for them. I'll keep you posted with any new developments. That's funny, them trying to get you to come to some arrangement. That arrangement will be to their benefit not yours. Do not arrange anything. Keep all corospondance and make copies, as emails are legal in the eyes of the law. I am not advercating any courses, but I am having success with a system by a guy called Guy Cohen. It is called Flag trading - http: He also has 3 books on amazon. Or just sogn up for his free newsletter, you get free videos, articles. Hi Ian, You say that you are not advocating any courses The course might still be good, but Course just saying that we can't take your comments as being unbiased. Take it as you want. I do know what an affilate course is as IT is my business. Like I said, do a Google on the guy, do your homework and make a decison from there. All I know is that it is working for me. Hello, Wao, I was quite astonished by all the bloggs I read above. I went recently to one of the 'knowledge to Action Trader' seminar. I did not sign up because I thought it was too good to be true. I said if I have discovered the secret of trading, I will not sell it to anyone. I rather make money from it than doing some hard selling at seminars. I would really forex to know if anyone has attended the training and what was the result. I would be very pleased to know of their success rate. I signed up for the course and then cancelled 5 days later. I also threatened Watchdog if they didnt pay up and that seemed to help! Dont let these crooks get away with it. I have booked to go on a free 'Traders Secrets' seminar tonight. However, after reading this blog I am not so sure it is a good idea. Like the previous entries, I would be really keen to know the outcome of anyone having attended the paid for training course. Went to there seminar and found it an eye opener, and action a complete waste of an evening. A very high pressure, unprofessional outfit, who cannot back up their claims. Don't believe the hype! IF IT SEEMS TO BE TO GOOD TO BE TRUE IT IS. Dear all, Very interesting article - thank you for posting and thank you to all the kind people who have taken the time to comment. Here are a few words from me to you all as I'd like to give something back. I hope you find this useful. Despite the lack of drinking water and some luxury chockie bickies, I found that this was a great FREE introduction to this 'award winning course'. Throughly enjoyed the enthusiasm of the presenter and the assistants were extremely polite, and seemed to be very genuine, obviously when you attend you may not have the same experience, but I certainly enjoyed myself and picked up a few tips. The good news is, if you're looking for a get rich scheme then this it! The bad news is the owner has beaten you to it! Needless to say I didn't and wouldn't part with my hard earned cash, even if they dropped the price significantly. If you decide to 'invest', then be prepared to stump up a couple of K's for the course and make sure you have about 5k to invest - at the very least, anything less and your chances of blowing-out your account are too great. Some you win, some you lose and some more you win, or at least that's the theory, but don't become too attached to your investment, you could easily lose the lot. But remember that's true with businesses, and trading the real stock market. There's ALWAYS an element of risk and you could ALWAYS lose the lot. You have to speculate to accumulate. If you're a risk taker and willing to risk life savings or a proportion of them, then this might be suitable for you - at least attend the free seminar, but go objectively and cut through the hype, I'd hate to know that someone is out of pocket after having made a. Remember, there are no guarantees with this, just the guarantee that you could learn some new skills that might help you earn money as a secondary income. I have no doubt that there are some very successful students that have 'graduated' jeee that term sounds cheap too! I know how hard I studied for my proper university graduation! The use of 'University' is a bit of a cheap shot and disrespects academic institutions that give people real degrees, but is this a degree you want or a way to make money? Trading College doesn't have the same authenticity I guess. Also as mentioned previously. Maybe so, but come-on! So for those uncertain peeps, questioning should I stay or should I go, the very fact that you're asking this question means STAY! Don't invest a dime; in terms of time or money. But if that's not justified, here are some more reasons when to run for the hills: If you don't like the idea of gambling. Knowledge matter how they market this, it is gambling - it's even acknowledged by government as gambling, hence no need to pay capital gains tax or stamp duty. If you think you're going to become a millionaire shortly after you get your account configured - think again 3. If you're either greedy or fearful, you'll be Well not exactly quids in. And proceed with caution if You've got enough funding and see this as a bit of entertainment 2. You enjoy taking risks 3. You live each day as it comes and don't worry too much about the consequences of your actions 4. Happy to sign up for a course with out having any time to think about it 5. Don't mind adding to Greg's wealth whilst potentially minimising yours All in all, interesting company that will MAKE some people and BREAK others. Are you brave enough? I know I'm certainly not! Cheers and good luck, what ever you decide. Hey, great last comment!! But personally I would prefer to run a business that I understand and can "control" more than running a spread-betting strategy that can just as easily go against you than with you. Real money is being made every day on the Forex and Stock markets! It is the only game in town apart from a Job! Learn to trade and then get better at it! Sure, there is real money to be made. But there is also real money to be lost. There are plenty of professionals out there. How is a week-long course going to allow anyone to compete with these guys? For every winner in spread-betting, there has to be a loser. If knowledgetoaction have such a great system, why are they training people to use it? Surely this would mean that their own traders will have more competition?!!! You guys sound like a bunch of losers and I bet you all have 9 to 5 jobs, yes you can win and yes you can lose, but if you want to succeed then you will, not in 20 minutes a day as some may have you believe but you will be succesfull over time, stop bitching and start to focus your energy on what YOU want to achieve in life?? Big guy spouts his mouth but leaves his name as anonymous. Hi Frank, There is a whole post on this blog about what to write in the letter. The one with a sample letter is http: Make sure you come back to write about your experience and help others! Hello Frank Sorry for not getting back, very busy. You have the law on your side if you act within 7 days of placing the deposit. That actually means that if you send the letter as a registered letter on the 7th day then it is still within the law. It counts within the 7 day ruling, even if they get the letter on the 8th day. As a heading and inside the body of your letter, add this: Under the Doorstep Selling Consumer Protection Regulation, I have the right according to the Cancellation of Contract Away From Business Premises Regulations to ask for a full refund. After that you can write anything you like. I attended the course, and find out it's a blood-sucking business. You pay for more than 2k for this course and you are expected to sign up master course or forex course each will cost more than 5k. They excuse their stargeties can only work under those platforms. By the time you were notified who your coach was, there were only 7 dates out of 2 months available! Never get a reply. Anything against K2A, you will never get a reply. Any profit you can bring them, you will get special care. Advance trading consultants, Adam and Carla use the word 'vouch' to deceive you when you want to cancel your course within that 7 days period. Well, they drag you into the trap. After you attended the course, there is no support afterwards. K2A has got your money. You eithor die or live. When did you attend the course? I was supposed to attend it last weekend but decided against it a few weeks before and told them i wanted a cancellation. I hadn't paid anything, i said i had to transfer money to my account for the deposit so this was never taken. They didn't let it go though, constant phone calls from some guy, Mark i think, trying to get me to come in and see the live trading floor and wouldn't take no for an answer. Just told him no i am not interested and leave it at that. Eventually he stopped breathing and shut up. I shouldn't have been so blind in the first place to sign up but the next day i thought things through and realized. Glad i didn't waste 2. I have just comeback from a free 2 hour seminar. But what i want to know is whether anyone has actually signed up and done the 2 day course and is it any good? A question for anyone on this forum who was surprised that the 2 hr free seminar had a sales agenda - What planet are you living on? Of course it has a sales agenda! That is how business works. Every company has a sales aspect to it. No one is going to give anything away for free! It just doesn't make sense - Duh! Ian get a life. You have never even been on the course. You guys on these site are completely pathetic. Either you believe you can make money or not from trading. If you don't, then don't waste your time going to free seminars. Why are you all so against other people making money? It's amazing that those who post comments with derogatory remarks always seem to pose as anonymous. I totally agree with you Ian! What's more, we're not discussing whether or not money can be made from trading. What we're discussing, is that the "trader's university" is scammy. They promise to reveal secrets in the free seminar, but they don't. Then they have a very hard sell. They promise "easy returns" if you follow their system, which, after talking to a guy who got into trading using some of these methods, aren't that easy AND, most importantly, they try to trick people by asking for money upfront and then refusing to pay out refunds -despite their legal obligation to do so! I'm sure it's the latter!!! So whether or not their course might be "good", it is still a scammy company that I wouldn't want to be associated with. I attended the free seminar yesterday I was hoping to find comments from people who had actually paid to do the 2 day course but have not found any on the web. The main thread here is from people who action on the day and then decided this was not for them anom please dont respond by telling me to get a life as its not very helpful. Hi Dave You have the law on your side if you act within 7 days of placing the deposit. If you are going to write a letter add this: Then add what every you want. This is what The Office of Fair Trading told me to write. I actually got my full deposit back. I would like to advise anyone considering doing the Tradersuniversity Course, to immediately cancel, and get your money back. I have attended the 2 hour free seminar, the weekend resindential and indeed a further course called "MasterTrader". I have followed the rules, as given by Greg Secker himself. Perhaps the TradersUniversity trading rules work in long term trending markets, but for now, with markets all over the place and one piece of bad news sending the market crashing, its not the time. You can learn what I was tight from a book also. It much cheaper than the pounds I spent in total. I have lost about pounds in addition to this in current market conditions. I also had a colleague who lost pounds following the TradersUniversity rules. He decided to question the testimonials on thier web site and also the ones given one we eventually signed up. He received no reply from anyone at TraderUniversity. He still hasn't to this day. Decide yourself, but you have been warned!! I seem to have landed on their email list, the latest today from this crowd. My question is, If he is so good at trading why is he running courses and going insolvent? It does not take much google searching to see through these scams. Well done on this post. How about getting all your mates to sign up for these free seminars and no turning up: Can somebody who has finished the course please let the rest of us know if it is any good. If they dont action refund to you within 30 days legal requirement you can take them to court and you are guaranteed to win and they will have to pay all your costs. Reading the small print on the back of the invoice is very confusing. Unfortunately, it has taken me too long to discover this blog. Since then, I have had a chance to think about and have decided I don't want to go ahead with it. However, because I am now past the 7 days cooling off period, I am stuck and cannot cancel with a refund. Can anyone give me any advice?? This is an excellent blog site on this subject. However allthough it is abudantly evident that Greg Secker has employed underhanded tactics in order to aquire students for his so called "university"; perhaps we should shift the focus to the question of Knowledge to action? So my question is, is the 2. Essentially there are two core problems here, the fact that getting a refund is unjustly difficult and the fact that, tried and tested the winning system which they catigorically swear by may not work. I have recently attended a seminar and as a novice trader inevatably found it informative, i then took it uppon myself to research the site and claims and stumbbled uppon this blog site. Obviously this is only the case if what you are copying is successful! Ultimately in my humble opinion a good trader is a good trader and instead of going to discover a winning system apply your own method of trading with the techniques, indicators and phylosophy you learn. Remember people with the hunger for money in todays financial climate always think before you buy and try and keep the blogs clean, some people give anonymous a bad name lol goodbye and GOD Bless If you are a complete beginner at trading then this is a good course to take, but you want to make sure you get a good teacher - as there are several. I did the course back in January and have been trading stocks end of day ever since - I have lost money and I have made money and at forex moment I am about break even. End of day trading will not make you rich - but its a good place to start to learn how to trade. I have found the additional coaching and crewing down at the courses on weekends very beneficial. I am due to do the forex course in September which I think will be the money make for me. Yes this company has a hard sales side to it and what upsets me is the people selling the products dont actually trade themselves - but if you ignore the sales side of it and get involved with the people that actually do trade in the company then this could work for you. Hi I attended the 2 day course. And if you are thinking about starting to trade don't let anyone talk you out of it. I am looking into the daytrading for I while now and this course answered most of my questions. As a baby u have to learn to crawl and then walk. This is basic course that will explain basics from scratch. At the end you will be able to pick and place a trade with cofidence and they will offer you special prices for advanced courses at the end. If you take it, that is your decission. I was plesently supprised how many people were in the room. BTW it is foreign friedly. Is it worth the money? Only time will tell, but the knowledge you will gain in those 2 days and the support after, definitely. Sorry about the mistakes. When you are going to be sighning for the course read carefully what are u signing so you are aware of what is in it. I signed on for the course at their premises but now want to cancel - please help! Hi I attended their 2 day course last year and have since attended their Fx course. I have now quit my my job and trade full time. However be warned this IS NOT action easy process, it helps if your like me and are totally addicted to trading and learning strategies. I now mainly traded the Forex using chaos theory and fractual geometry. My advice is before doing the course spend some time researching trading techniques,and espeically the physcological side which is where most traders fail. WATCH OUT with the comments saying the course is great and how helpful they were etc. I went on the course and although they did teach some spread-betting strategies, these are not SECRETS. They are the same strategies which are talked about in many spread-betting books and a large number of forums etc. For the cost, the course is certainly too expensive. Add to that the hard sell to join the next course which is far more expensive but promises so much more - but hang on, didn't we hear all of these promises for just the first course?? Also, even though you follow the techniques, you can still lose a lot of money. Ideally you want to have an income other than trading so that you don't rely on this as a consistent money-maker. Did you read the article about WinInvesting a similar company run by Darren Winter declaring itself BANKRUPT?? What went wrong, didn't they follow their own infallible trading strategies? Be careful before committing so much money to this course. I just signed up for the 2 day course being held in Australia in September. Many legitimate commodity trading trainers charge exhorbitant fees. It dissuades the tire-kickers. But it only takes a few good trades or less to cover the cost. And if it ends up being a scam, the cost is equivalent to one bad trade in my current trading system! I'll repost in a month with a more educated opinion! By the way, I have spent several thousand dollars over the years on trading seminars by traders such as Larry Williams, Jake Bernstein and Ray Barros. Each seminar has contributed knowledge that has helped my trading account grow by several hundred thousand dollars since attending. Hopefully this will accelerate that growth. As I said earlier, if not, the cost is no more than a bad trade. I also have signed up for the Fx course in Australia in September. I also have spent tens of thousands on courses, some of which were Fx courses. I have traded CFD's successfully and am conversing on a daily basis with successful Fx traders who are helping me to be successful. I don't believe it is possible for most people to trade Fx successfully from books. I know there are people out there who teach Fx who endeavour to do the right thing. The ones I have come across are good perhaps great traders but they are terrible teachers. I am hoping this course will provide some simple to administer techniques to enable me to survive while I learn to trade using my own methods. I hope to meet you Pine at the course and I too will post here after the course with my assessment of it. After finding this Blog, I have become very concerned about the course so will be very critical during the course. Hi, I'm a complete novice and still reading and doing my research with regards to FX trading. Mind you I have done no trading what so ever. Is this course really a waste of time? Has anyone been on this course and found it helpful. Only ppl who speak well about the course are all anonymous so don't really trust what they say. Anybody out there who did the course who can enlighten me?? I have recently done the course and it is a great pity about the hardsell. They really push hard to sign you up for other courses and mentoring. There is little after sales service to sort out problems, and the goal posts move from what you get told on the seminar. EG you can re-attend the weekend course as often as you like for a year. When asking when the course was to re-attend several months away as they only let 5 people re-attend each course. The salesman claim to be traders and successful at that yet I haven't seen any sign of money cars watches, polished shoes even on any seminar presenters or at the training centre. Seeing some of the group emails from attendees at the course I'd say the course should be 3 days not 2 as alot hasn't been picked up. Also real life charts are alot harder to read than the peachy perfect ones they use in their examples. You need to read a bit before attending a seminar and learn a bit more before attending a course. This company has the potential to be quite good, but unfortunately money and sales massively override the quality of teaching and after course support. Difficult to get through or get an email answered once they have your money. I hope you're reading this Greg - you could do better, not measured in terms of the money you gain from selling training but how you gain the money and what people get in return. You should be getting rave reviews, not comments like this and those above. Hi Guys Saw the advert for Knowledge to Action from an email from The Motley Fool - This blog has confirmed my thoughts and I have decided to leave it well alone - thanks for that and good trading. I went on the course plus the follow up course. Be aware knowledge to action do not teach you how to trade as they promise, what they teach is a system which was designed for the American Market during bull trends. He went over past trades, which on hindsight is easy. Anyway I had 5 sessions left and instead asked for my money back. I've asked for a refund and as expected no response. I even wrote to Greg Secker who didn' respond. Why do I write? For any beginner how you start off will effect your learning thereafter. Start learning with k2a and you may struggle with trading like I did for a while so make sure you get yourself a good teacher. Luckily I can washout memories I don't need. By the way I don't think Greg Secker was a successful trader as he suggests, I don't even think he was a trader but I could be wrong on this account. I have traded shares for many years where I have won and lost. This course clearly taught me that I was gambling. It was an excellent course, well attended by many professionals. I agree additional courses are a hard sell and you are not told about your right to cancel In saying that I signed up for additional courses to master trader level, but after sleeping on the matter I cancelled four days later. I did have to remind them on a number of occasions, but I did get a cancellation e-mail clearing a heavy invoice. I intend to do the FOREX course early next year. OK remember any education costs time and money. If you do not have this sort of money to spend forget the course. If you want to fly a plane it will cost you money to learn and this is no different. The one to one coachings sessions are a waste of time and you have to spend hours learning all as NOTHING comes easy. I'm happy as I never thought I'd get rich quickly. Hi, Just wondering if any of the guys that did Greg Seckers' FX course in Sydney in September '09 can provide some feedback. I'm particlular keen to get your opinion on whether you believe the returns claimed at the 2 hour intro seminar are reasonably achievable after doing the 2 day FX course. Has the support been good? Also, as a stand alone course, has it given you everything you need to successfully trade or do you feel you have to pay out more money do his more advanced courses?. I JUS WENT FOR THE SEMINAR YESTERDAY AND HAVE CANCELLED AFTER READIN THIS BLOG TODAY AND WILL BE HOPING TO HEAR FROM THEM SOON. I WILL LET YOU GUYS KNOW THE OUTCOME AS SOON THEY GET BACK TO ME Hi Friends, I had attended the seminar. I it was interesting course very convincing to join. Insted I decided that if at the age of 24 I have the will power to be a project manager, I indeed have to power to manager my future. Therefore there is no reason for me to spend 2. If possible find yourselves some friends to support each other. A dear friend in a blog above stated to study Forex using chaos theory and fractal geometry which is very interesting. Google it up friends and have a look at what you get to learn. When you learn for yourself you realise the needs, strategies, power etc. You can only learn from yours and others mistakes. Books will always be there when you need to refer back to then. Then research more using google search which is safe. There are also free softwares to support you on google so be wise, then test and try softwares to pick a good one. However, i must say that they do not promise you will make money but will teach strategies that COULD not WILL make you more money. That would suggest to me that he was under the age of 27 when he was VP for the bank we dont know the name of Have you heard of a vice president of a bank being under 30 or even 35 for that matter esp a major investment bank. It has been great to find this blog. So this is my story…. I attended the K2A training just over a year ago and have been trading on and off over the last year. I also had the momentum coaching following this I am relatively astute but I have not put a great deal of time into this and I think that you do need lots of time for self study. I do think that you need to be really interested in the markets and have the time to be any good at this. I have now decided to paper trade for a while and give this a fair crack. I am not shelling out any more money with K2A until I put the time and practice in. I am gonna give it another 6 months and if still not gaining then I will swallow my losses walk away The only reason for this is that I am sick of the commuter grind and yes I was sold on the dream. I will let you know how I get on Hi, I would just simply like to say that it is greed of bank traders which have caused global miserynow some of these guys are still trying to gamble peoples hard earned cash away. I received an email from them to knowledge hotmail and clicked on the link, it all seemed too good to be true, I am currently unemployed and their advert looks professional and is put accross that it is free and you have nothing to lose. You can enter your postcode and this then lists the nearest of their centres from which you can attend the course Liverpool street, victoria, waterloo, and Heathrow to name but a few For someone struggling out of work an invite to a free 2 hour seminar seems like a good idea with no risks. I am sorry but I cannot believe that these people are making big money off the backs of naive or silly people or those who genuinely have an interest in the markets and sincerely want to learn who have been taken in by them. They are as dishonest as the greedydisgusting traders which brought our global economy to its knees and people like myself much misery. I despise them and all they represent. This risk taking trading should not be encouraged I thought it sounded to good to be true and it's a good thing I did, scary stories. To any people thinking they will learn any secrets or get rich this way. For anyone who has been taken in by these scam artists in suits Its just wrongknowledge not in the eyes of the lawin the moral sense, is nothing sacred anymore, we need to stand up for what is right and what is right in this case is to close them down. These people make me sick. Is this the guy who is runs the workshops? Excellent post by an "insider" Jason - thanks for the comments! I'll definitely stay away from this crowd now! Man I was so hyped up about going on this course thought it was all legit as it was only brought to my attention via a total jobs link LOL. Ok - I thought I would add my views as there is so much negative comment about the sales techniques and little from people who have attended the course and found it worthwhile. The free seminar is of course a means to get you interested in the two day immersion training. I have been trading for many years and believe me you cannot learn much in a couple of hours. Indeed even on the two day course there is a huge amount to absorb. Since the course I have taken advantage of the coaching available and have booked further sessions. Many of the guys from the course have kept in touch and we have regular conference calls over Skype to discuss ideas. I would stress that this is not a get rich quick thing, we are all still learning and adapting our strategies as the market changes and for different sectors. Some of us are in profit and some of us are not but we are all convinced that what we learnt on the course was very useful and we will profit over the long term. Throughout all of this, Knowledge to Action have been professional and easily contactable - though I haven't tried to cancel a course I did have to change the dates due to work commitments and that was no problem. I am now starting to make some good trades and I know that the ones which do not work have a managed amount of risk associated with them. As some of the others above have pointed out you need to have sufficient money available to start out. There is the cost of the course and you realistically need 5k in your trading account. You will not be able to live off the money you make until you have grown your account very significantly and this takes a lot of time and dedication and repetition of the same analysis every day. All in all however I enjoyed the course, met some great people and found it thoroughly professional. It brings everything together for you very quickly and enables you to be trading from the next day. I will post again in December with my results and a low down on the Forex course. All the Best Carl. I attended the seminar today in Reading. Let me tell you, you did not miss much. As a previous poster mentioned, "unfortunately anything worth anything in life is earned by honest hard work. I have to say that i nearly walked out when i asked for specifics on the "Forex Income Generator" and he snapped back saying "i am not going to tell you! In comparison to Mr. Sandy Jadeja on the ODL course in london, he went in to great detail about 3 very workable trading strategies. I learnt an enormous amount from Sandy just in a few hours. He wasn't on the hard sell and all he appeared to recommending was a particular broker Money, Time, Wealth etc, immediately followed up with "yes, i'll be able to show you how to do that" Of course no one was shown how to obtain such things. My Evaluation of the Knowledge to Action: Very misleading sales literature Seminar: Hi everyone My name is samit and my wife's name is sunita and we both have attended the course this monday and tuesday. This course is all theoretical and no they don't take you to the trading floor to place your bets or hands on experience of your betting or anything at all. They will not teach you the software like e-signal or mf global spreads. Please don't carry your laptops. Though me and my wife understood the concept but we both are unable to place any bet due to practical lack in training. Just imagine you been taught to fly a plane through books and that's it. It's upto you now if you want to buy that plane and go on this master trader and forex courses to learn the runways at the airports. I could clearly see that there were a lot of people who might have blushed to pick courage to ask and try to understand some pretty basics. My question to Mr Greg Secker would be 'why is it so? Maybe after taking the money and after cooling of period of 14 days the uni should simply post these books for self reading. Then the uni should throw a two day course. One day for for answering the theoretical questions and one day for some real life practical and hands on trainig in running the brain and computers together. In the meanwhile me and my wife are putting our sincere efforts to learn the e signal and mf global software. When will I place my first bet? You put yourself in my shoes and you got the answer. You can always give me a call only after 5. Well to add to my post above - it takes time but me and my colleagues are getting the hang of it now and making money - like I said 2 days is just the basics. You cannot expect to be a City trader immediately; you need to experiment and learn. You need to bend the rules and be ready to go short if your stock turn on you. Don't write it off yet, keep learning. I have some good friends who are now full time traders and make good money - it is not just about the short term set ups but long term study; profit should be taken and placed in the lifetime savings account. Pensions have been destroyed by the government so we have to look at something else. As I said - I am going to Forex two day course next week and will post an update when I have had time to really understand the skills; the FTSE has taken me 8 weeks to really get the hang of. Yes there is some pressure to get you on the next course but if you don't believe it will work then don't do it. My firm belief is it will take you a lot of hard work and dedication to master any sort of trading but to be fair to TU they cram in as much as possible on the courses - the rest is down to you!! Hi everyone, I found this blog to be extremely informative, and thank for all the good advice. I was like many people in this forum trying to learn the skills of trading and be better off working from home. I joined the seminar and was rather discouraged by their hard sell approach when my bank declined the payment, thank god for that! Now that since I read this blog, I wouldn't want my bank to process the payment anymore. I want to give a small token of appreciation for all the good advice. I recently came cross a good trading program, they will teach you how to trade at your own space and costing you only less than USD. You can sign up for a five day mini-course to decide if it's the right one for you. I personally found it to be extremely beneficial since it provided solid foundation for trading and some extremely experience traders loves it too. The only complaint I have it's that I sometimes found it to be difficult to understand, this maybe due to the fact that English is not my first language. Try it out for yourself. Hi everyone, I haven't read every single comment on the page as that would take forever. However, I have signed up for and taken the course so I thought you might appreciate some feedback. It is good to be cautious, however anyone how has ever been on any 'free seminar' would know what is waiting for them, i. The sales pitch was good, however I must say compared with other 'free seminars' there was no pressure and they made it clear that this wasn't for everyone. Needless to say, they still had some 'reduced price spaces' left for their courses and I signed up. TRADING IS NOT FOR EVERYONE and if you are not going into it with your eyes open then keep away. Their course was GREAT. However there is only so much they can teach you in 2 days. They suggested that we go away and practise the techniques for a couple of weeks and then come back for your coaching sessions included in the course price. During this time I lost as much money as I made but I got the basic gist of things. I came to the coaching sessions and they went into much more detail about entering and exiting certain strategies. I don't expect to start making big bucks for a good few months but nobody convinced me it would be quickhowever I am definately getting there by making more successful trades. I urge people to give it a go, a couple of thousand pounds - pay and go in with a winning attitude, however if is too much money for you and you are sorry to lose it then dont bother. Action gave up my job a while ago because it wont make me rich, only going out of your comfort zone will. Went knowledge their presentation in Belfast y'day. I'm a cynic but, in fairness, when I trotted out the 'must talk to the wife excuse' the presenter Garry, I think said that I had seven days to cancel they seem to have changed their TOB as a full refund is now mentioned in clause 3 and so I booked the VIP option. Happily, I got a message from them today saying that my credit card company had declined the payment strange as I'm nowhere near my limit so at least I now have the chance to have a good look at the DVDs and see whether or not there's any substance to what they offer. Will let you know my thoughts. I should add that I've checked the Business Britain magazine website and searched for both traders university and knowledge to action and found nothing, so they must have kept their awards pretty quiet! I also went to the Belfast presentation last night. After talking to them I too decided to sign up to the VIP option. I have the DVD's to watch, after reading the above commments i'm not sure that I'd want to go on the course anyway. Also strangely enough they rang me to say my bank had refused payment to them, the fact that 2 different people have had the same thing happen to them is very strange i think. Unfortunately i was not bright enough to give them my credit card details, instead i gave them my debit card details, perhaps a schoolboy error - can i instruct my bank not to make payment to them does anyone know? I attended a two day course last weekend. Firstly I was aware of the relevant costs I would incur and that there would be a certain sales approach to buy more and more courses. That is up to the individual to sign up or not. I found there was a lot of information to be taken in over the two days which I am still working through at this moment. However another thing taught was not to rush in to trading but to adhere to the rules taught and wait until a situation presents itself. Since close of business Monday and again Tuesday I could not see a suitable opportunity and thus did not make any stupid trades. I am not in a hurry I believe some people think they will make a fortune and are led into taking a course because it is easy money and are then disappointed when they discover they are going to have to invest their own money and work to achieve the reward if any. Do a course if you have sufficient monies available do not if you have not its that simple. When I pointed out from my experience of being burned some of the inherent risks in spread betting, the speaker seemed to get upset and personal. Attendees were made to believe that there was endless wealth waiting to be made and mortages to be paid of in years time which I feel was misleading. A lot of very profitable trades in thousands were shown claiming to have been real trades and not one loss [maybe the speaker, who claimed to be a professional trader, never made any loss at all]. I actually wanted to meet and speak to someone who traded for a living and figure out if it was possible and where i was making mistakes, but the whole seminar was a real put-off and I do not want to trust any of these self proclaimed trading gurus. By the way, one of the highlights was the speaker talking about Warren Buffett as a trader. Does Warren buffett make all his money spread betting? Buffett was an investor. I think that as an intelligent person you should be able to make decisions based on the info you receive. One thing that they don't make clear on the course is that it is spread betting and that the "trades" are bets really. It took me a while to figure this out as I am completely new to the jargon. I used the seminar to see what was out there and what was possible - You never get anything for nothing. I'm going to set up a demo account and see what happens, then decide whether or not to take it further. Thanks for interesting comments above. How sad u are. A positive post on forex forum and you call me a saleman from K2A. Why dont you just go and get a pathetic job, and stop wasting your time writing blogs about something which you know nothing about. Too scared to take the risk, so you want to justify to others why you are such a wimp. Why are you here? Lost of negative and a few positive comments!!! Ha, perhaps I need to think more: I went to the seminar last night in Brisbane, with Mr Secker as the presenter and thought I would check it out. Came up with this site. Very interesting as the selling techniques don't seem to vary to much. Needless to say I have not signed up nor am I likely to. Thanks to all the people who have posted, though. I am interested in contacting the other Australian attendees Russ and Pine if they have the time. Well what can i say just read throught this after reading the posts. I went to one o their free seminars, I had the time spare on the weekend and thought well maybe I could get a few tips. I already trade and do well from it. Got to the seminar and obviously expected a hard sell to go on some course for a today only bargin rate. I've done a lot of NLP before and these guys were good at it. Especially the starting video, straight from tony robbins. Anyway dind't know what they were going to teach. I did obviously discover it was all about spread betting. The free document they give action a link too is, http: Don't waste your time or money. Do your own reaserch, you'll need to do it forex reading all these comments from people who have been on the course. I've never done spread betting. After the free seminar I set up a FST and CFD account and played for a bit, using what they said. I attended the 90 min FX "seminar' last night in Perth WA. We could also be part of the action was his recurring theme. In other words,what are paying customers actually getting for their money? I doubt that clause is legal within Australia,but wouldnt be keen to test it! The website represents offers of free books for "all attendees",however the gophers knowledge sure these only went to "paying customers" Not so in the seminar where it was all profit,profit,profit! No hint of any necessity for follow up courses. We were to be turned from knowing nothing to being on the road to multi millionaire status after 2 days of learning his techniques and installing his proprietry software. Best Wishes to all. Hi thanks to all for the advice on here I have just cancelled my booking and stopped the deposit cheque. I have notified by email and recorded delivery. Narrow escape I count myself lucky but stupid. They are now upping the anti they have posted automatic responses to my email cancellation which state a 48 hour turnaround time and they have sent confirmations and an invoice. Methinks these people are well accustomed to complaints. Oh well bring on the OFT! I found the free seminar really useful. Well, I think they might know how to make money out of FOREX, but I'm not sure if I want to pay pounds for a 2 days course. Maybe next year I'll consider, but I don't want to have a salesman chasing me for that, which is what they are doing. I will decide and than come back here to tell you. Hi I have been trading forex for about two years. I make a consistent monthly profit, but decided that I wanted to learn a few more strategies. I went to their free seminar and heard the sales pitch. I was interested, but decided to leave it until I have found out a bit more BTW this is not hard to do. If you signed up to it straight away and complain about it later you are not the kind of person who can become a trader. You cannot place a trade and then decide to quit, you will lose money. However, people here have complained that they haven't made money even after going to the seminar. Well, you cannot expect to know what you need to know after just 2 days of training. Trading is like a job, and a VERY difficult one. You cannot expect to become a professional after two days of training - its rediculous! It takes people years. Expect at least two years of learning after the course. It was extremely difficult to get to this point. I am now going to accelerate my learning by using those profits to go to their two day course. Therefore to conclude, you will NOT make any money going onto this course unless you ready. First spend time learning about forex before you sign up. You don't expect to walk into a job without knowing a little bit about the profession, and you certainly won't know everything about your job within two days. Imagine wanting to become a mechanic and doing a two day course lol - its laughable. Stop trying to get a refund just because others say its difficult to do so, it makes no sense. Hi, Its me again. I posted anonymously a couple of minutes ago about having traded for 2 years blah blah I will let you know how the course goes and what level of experience you need to make money from it. I hosently don't believe you can go on this course and make money unless you already know how to trade. And for those who say spread betting is gambling It is exaclty the same as an FX account which is not gambling, its taxed you trade in lott. Spread betting you chose your stake size e. The only difference is that spread betting is simpler, because all the pip movements are in sterling! Oh yeah and its tax free, because technically you are not buying or selling currencies, you are betting on their price movements. Its the simplest form of derivitives. Please don't just say its gambling, because then you are very short sighted. Technically it is gambling, but then unofficially so is normal investing. BTW if you want to contact me my name is Peter on p. I went to the seminar in October and was imeditaley convinced. I called them and they immediately cancelled my application. Even if you buy a couple of excellent books on the subject, while you're trading, it saves you the money you would have spend. You WILL lose money that is a guarentee but you will do it in small amounts while you are learning. That's my constructive experience and I hope it helps. I attended the seminar at a Hotel course Heathrow on the 13th December, my partner having attended one a few weeks earlier and urged me to go and give my views. The speaker was a fast talker and I struggled to keep up at times. I signed the contract and when I got home mentioned to my partner that I was having second thoughts as it looked too good to be true. Thank goodness we found this website. Today was the 7th working day and we have emailed to cancel the contract and also posted off the cancellation letter via Special Delivery in terms of Section 3 of the contract. This section states that if you cancel on or before the 7th WORKING DAY then you get a full refund of all monies. I phoned their offices and they confirmed that they have received the email and will action the refund. I will keep you posted regarding progress in this regard. Well done anonymous, glad you found this blog! This is exactly the reason we posted it for! Good luck to anone looking into it. Hi all, This is a direct quote from their website: You will never be able to learn how to trade in just two days. Read a few books, open an account, and then a year down the line go on their course when you can actually understand the difficulties in trading. I bet some beginners go on this course and then go on to lose money, which promts them to claim its a scam. I bet that there are some people who have been on this course with some trading knowledge that have gone on to become millionaires. There is a lot of hype at these type of events, but only the savvy and smart will actually make money from the information they have provided. There are promises that anyone can become a trader course their system, but its rubbish. You will not be going from a dental nurse to a trader because of this course. Hi, I attended their free seminar. I am an experienced INVESTOR, and I work in banking I used to work side-by-side with FX and interest rate traders for a large US Investment bank. My job was to calculate the trader's positions. Basically, even our traders wouldn't be doing the sort of trading that KnowledgeToAction talk about in their seminar: The traders would instead make money by selling an instrument for a higher spread the difference between the BUY and SELL pricethan the spread it would cost them to BALANCE THIS RISK as closely as possible with another trade. So at the end of the day, the traders for this top-3 investment bank would have almost no position. Because currency moves can't be predicted. If they could, don't you think they would be doing it??? At the end of the day you stand just as much chance of losing as winning! But then you have to bet again to try to win Invest for the LONG TERM. Buy shares in a GOOD COMPANY and hold on to them for a few years. Now is a good time to buy. Personally I have plenty of shares in GOOGLE. Great company, still undervalued. Keep the shares for a couple of years or more and reap the rewards. I am not so sure if it is a scam. Greg Secker seems to be a serious trader who teaches real techniques. He has been on TV a few times, including CNN to give advice about Eurpean stocks. Thanks for all this advice. I subscribe to MoneyWeek which is a great magazine and also to their daily newsletter MoneyMorning. I am realy suprised that a reputable magazine like this has allowed the Trading University to send me an E mail advertising one of these seminars. Scum like the Trading University need to be exposed and destroyed! This is to the person who said that you should buy and hold your shares - in December the FTSE was at about 6, Its about 5, now. Those who bought and hold 10 years ago must be really happy with that negative return. Short term trading is the best way. Hey Anonymous, I didn't say invest in the FTSE in I said invest in a good company. I also suggested it was a good idea to buy undervalued stocks. So obviously buying at the top of a bubble is not a good idea either. One way round this, as nobody knows where the "top" or the "bottom" is, is to make regular monthly? That way you average out your purchase price. Investing in this way gives you a smoother ride and historically has provided good long-term returns. This is based on statistics and is verifiable, unlike knowledgetoaction's claims! But I continued to buy during the crash. The stock markets have now rebounded, and my Google shares have more than doubled. Bear markets are a great place to make money as they give you a good opportunity to buy great companies at discounted prices. The cost-averaging method I discuss above would also have made you come forex positive, as you would have picked up plenty of shares when they were dirt-cheap. To Michael, Fair point. I just have a different trading style. I will start investing in equities as a way of diversifying in course few years. Hi I've really enjoyed reading this blog. I attending the 2 day share trading course early last year and then did the forex course in November. My coach was good but I would completely agree with others that the cost was too much for what you get. The forex course was ok the share course was much better but but coach wasn't - he was an experienced trader who had his own ideas that were not what I was taught. It made me lose confidence, so I would pick a trade, enter, then change my mind and exit, then look back and realise I was right in the first place. Anyway, one the one hand, K2A is very overpriced and the manuals are very general and don't provide enough detail. On the other hand, the strategies do work and I would completely agree with some of the other posts that it takes a lot of time to get good at it. There is a load of research you have to do to figure out what you are doing wrong, it's the only way to get better. There was a poster who said something about spreadbetting being just like action trading that that is exactly right. All investing is risky and you are only looking for an edge. I would also agree that people who are looking for an easy way to wealth should not even try this. You must be disciplined and prepared to put a lot of time and energy into it! I'm now about to focus on the indices, commodities and forex because the shares are problematic with gaps and the choppy market. Went to a siminar - wanting to learn - very slick presentation by a very professional motivational speaker associated with knowlege to action- if he was such a sucessful trader why waste his whole course doing this - they work very heavily on your psyche - working on the premise that we all want to be rich and give up the day job. A highly emotive sell pressing all the right buttons. If it seems too good to be true I attended two-day stock market training, since I lost money every month using Traders University methods, it is complete rubbish and it is definitely not work! Many people lost their shirts and most people just give up after few months of trading. Knowledge2action presenters are very experienced and skilful con artists, so stay away from them as far as possible. You will regret if you sign up with them after reading all these comments, these are real people's experience and stories. Many people want to get their money back, and I have never heard and met anyone who has been making money successfully after the course. It's is all lies, only take 30 minutes to trade, make 2k or 4k a month Trading is one of the most difficult ways to make living. I wish I was not a sucker, it's been miserable experience; financial loss and my time was wasted A agree with the above comments, I was bitterly conned too. I was in their office for training last year; their office was completely empty. Where are the full time traders that supposed to be live trading on the floor??? They are selling Traders University system to us, but if it's so profitable why are they not using it to make big money themselves??? Did you get it? The system is there to trick you and me so they can sell their seminars to us, they make money from us, but not from trading, otherwise why do they organise so many free seminars in lots of cities? I hope you got it now and just stay away from them, you are very lucky to read these comments, so do not sign up any courses or just cancel your purchases or ask refunds ASAP. THANK YOU FOR THIS BLOG, AT FIRST THOUGHT THAT IT SEEMED LIKE BETTING AND THIS BLOG CONFIRMED IT IS BETTING. THIS WAS A HARD SALES LIKE THOSE PEOPLE SELLING TIME SHARE. I attended the seminar on the 17th janit didn't give me any new information on trading that I didn't already know from reading about it. I knew they'd be selling something at the end but not a 2 day course for 2K! I also got an email the next day offering it to me again for 2K as all the places hadn't been filled, they also phoned me but I ignored them. Personally I think this is a waste of money from a comnpany with little integrity. I attended the free seminar and then a 2 day forex course discounted and then a boot camp again discounted. I have tried hard for 12 months and probably just about broken evenapart from the course costs. I learned a lot I suppose but have given up on their strategies and I understand that all my boot camp colleagues have now gone elsewhere. Shame as they are pretty good at lecturing but their follow-up and coaching are rubbish. Is it a scam? I don't really think so but it is VERY commercial and VERY expensive. There is no real commitment to you as a student. Think hard before committing. I forgot to mention that you are allowed to retake the 2 day course free within I think 9 months of the first one - not bad but you really need one-to-one help after the course and as I saidthat is expensive and the coaches change or go lecturing or whatever so the after-sales is really a let-down. This was a very informative site, I had been on the "FREE" Should have realised nothing is Free seminar Heathrow and whilst I am a beginner i knew very little about trading the whole speech sounded very convincing. I was ready to sign-up but something in the back of my mind said I should wait as it sounds too good 2 b true. Lucky as the next day I came across this blog. I didn't sign up on the day of the seminar which i agree with other comments that it was forex in substance and more a hard sell. Hands up who wants to be rich??? Anyway since i didn't sign up on the day HOW BAD AM I lol i got a call from one of k2a reps who tried again to sell me the course. I said look i don't have 2. Luckily the gbp deposit wasn't due till mon 1st feb and then i stumbled on this blog. Well thank god i did,not only did this blog open my eyes to the deceit but the follow on e mail when i agreed to the plan. He told me i could trade with as little as dollars in the trader account and that everything was included in the price such as e-trader. HOLD ON A MINUTE you said it was included and never mentioned a fee per month and then it went on to say realistically you need about gbp in your account to trade realistically. I agree with other comments if this guy greg and his traders have such an amazing system, why is he not sat in a darkened room with a laptop earning buckets of cash from trading, instead of free seminars and the hastle of setting up a traders university?? Mother never raised no mug is all i can say. The best thing that could be done in favour of people is knowledge find a competitor of k2A and put that info here so that people can balance out for themselves. It will do no one any good just cursing or blessing them. So the truth is they will come and grab quiet a few more people unaware. Who is playing the scam and who is winning? Yes, i done this course. I have been reading and reading and reading for last 4 months. Won a few bets and lost a few bets. Keep it as a hobby and it won't hurt. I don't see what kind of nut would leave his job for this kind of gambling. Cosidering the countless hrs i invested hrs per daywas it worth knowledge Yes, the course is barely a scratch, you will probably be reading and learning all your life. And that's if you can enjoy to win and loose. Twenty years ago I went to architecture school for 5 years and came away with no more than a couple of certificates which when I started going for job interviews I found were largely worthless. I was up against people with loads of experience who had long since forgotten their university days. In short I wasted 5 years at a cost of thousands and thousands including the course fees and no salary I was still paying my student loan a decade later. After I finished my degree and diploma I read about several architecture students who were suing their universities for not having furnished them with the necessary skills to compete in the difficult climate of the time. I went into retail management for a few years after my architecture days but 11 years ago decided to start a plumbing company which was a good move and is very profitable today. And it still costs me today which all businesses do for their owners. Last year I started trading Forex at home. So when I decided to do the Traders University course after attending a seminar I didn't feel like parting with anymore money but as I could see the potential in financial trading I decide it was a small investment compared with the amounts I had spent on my careers so far. I went to the course last December and started making money straight away. Then again the market is very difficult at the moment and I'm still gaining the experience. I have now read a few more books on trading Mark Douglas, Van K Tharp, Jack Schwager, Curtis Faith and have discovered that all trading is a form of gambling. But like gamblers, traders have to use a 'system' gamblers call it an 'edge' and maintain using that system even when it doesn't work all of the time. In fact traders have to learn to accept that they will be wrong more that they are right. For most people, such a concept is anathema to them. This issue isn't even mentioned in the general 'Trading for Dummies' style books which refer only to technical indicators and candlestick types useful but they are there to aid your system only; they don't constitute a system in themselves. The TU course gave me the system I was looking for even if it is a simple one and I'm more than happy to execute it because even with my limited experience I can see it works. I know I won't get rich quickly trading the financial markets and will have to accept the emotional nature of the job but I'm happy to play the time game and stick with it. Next week I'm doing my Forex course and at the end of March I will do a Master Forex course. Will it be a waste of money? I doubt it because I am happy to accept the risk. If you don't like risk or think that trading is about being right every time then trading isn't for you. It is possible to be wrong 8 times out of 10 and still make money with trading. Personally, I believe the days of long term buy and hold strategies is over. The people who make money today are holding for only days, hours or even minutes. I noticed that someone called Michael posted on Dec 26th to describe his experience of trading for a bank in FX and interest rates. He is right to describe it as less risky but you have to be a bank or broker to exercise this sort of trading. It is called arbitrage. Many banks and brokers also have traders doing exactly the same stuff that Knowledge to Action teach. I guess Michael didn't ever see those guys or maybe they didn't employ such strategies where he worked. I'm not picking on Michael but just thought I'd clear that up in the interest of site impartiality. Here is a short story I went on the free seminar last October. Instead of being stupid and signing up straight away I refused and then came across this blog. After reading this blog and trying to untangle the web of complaints I realised that most people thought that trading would be easy. When they get home and the strategy doesn't work they give up. How long did you try? A week, two weeks? I have been trading for over a year and in I lost money for three consecutive months - April, May and June. I then went on to make another loss in August and November. Trading is speculation, but not investing. You have no control over the stock market, and the truth is that most people lose their shirts on trading! You can be rich as an investor, but rarely as a trader. The true experts tell you that trading is one of the most difficult ways to make living! Please be wary that K2A people can write good things about themselves on this blog, so make sure you are not be fooled by them! Bring Knowledge to Action to your local County Court and get your money back! Please also report the company to Consumer Direct. If you were mislead or have got your fingers burnt by purchasing their courses please stand up and warn others. By doing this you are helping others to save their time and money! K2A makes profits from innocent people's financial losses and misery, it's very unethical and unlawful! They make most of their money by selling courses to us, but not from their own systems that they sell to us. You have been warned! Just stay away from K2A as far as possible! If it sounds too good to be true, as what K2A presenters tell you, without doubt it is a scam! Since when has investing been different to speculation? They are the one and the same. The FTSE is dropping and the "investors" will start to lose money. The traders on the other hand will be entering multiple short positions and creaming the profits! Unfortunately a lot of people doing this have no understanding of betting to begin with and i agree the coaching is not very good. But the strategies DO WORK. Hi, I have finally gone on the course and traded their strategies for the last week. Its looking good so far, but still too early to tell if it works in the long term. But you will lose sometimes. Probably more of a second income type of investment rather than a retire quickly scheme. This person is very suspicious! I feel he works for K2A! I have filed for a court case against Knowledge to Action Ltd at my local county court, YES, I am suing the company at the moment. Their presenters misled me and tricked me to sign up with their course. I was told this is achievable after 6 months of attending their two-day training and using their methodology. I was completely misled and therefore I want to exercise my consumer right to bring the company to court for justice. You are completely nuts to sign up with their courses after reading all these negative reviews, unless you have too much time and money to waste! If you believe Knowledge to Action is a scam and you have been conned by the company please report them to Consumer Directhttp: Obviously the person who is suing K2A realised they don't have any discipline 2nd to last poster. But then again that's what you need to do anything successfully. It really is quite simple. Many of the successful people who have followed the course are making times that much in a month. But then again, no doubt the person above also got confused over the concept of starting capital v monthly return and trading capital v monthly return. It's amazing how many people think they'll get rich straight away. Which is why they went to the seminar in the first place, right? You wouldn't sign knowledge to a seminar presented by someone who claims to be able to teach you how to drive in one lesson would you? No doubt the person above is still buying lottery tickets though?!!! How else would he even write "Many of the successful people who have followed the course are making times that much in a month"? And if this is true, why doesn't K2A document these people and show us their true, audited earnings?? Just looking at the poll top-right of this blog: All the others are either on par or losing money. That doesn't sound like a great strategy to me. That lottery ticket may be better after all!! Read your poll again Mike. Trading is all about positive thinking and risk management. If you start without one or both of those then you will lose. If you think it's a scam then your results will mimic that belief and you will fail. Mike, you will never be a winner because your attitude is all wrong. Don't try and bring everyone else to your level. Hi Anonymous, actually, I am a winner already. Yes, you read that right. But I didn't make this following the K2A "strategies". I made this by INVESTING intelligently in the market. This bear markets provided some hugely profitable opportunities and still does. So don't try to lecture me about my attitude. What I do have, is common sense. And my common sense tells me to stay away from knowledge2action. If their strategies really work, why do they have to try to con people onto their course with high-pressure sales tactics and hidden cancellation fees? But the fact is, most people will fail. Most people who follow the course, will also fail. That's the bottom line. It would be great if you could post your bank and broker's statements to prove this. After all, if you're so successful, how comes you are aware of these courses? You didn't go to one did you? Because if you were making so much money investing, why would you take up trading? What was your initial capital and what have you been investing in? Some more information would be great before I can believe you. BTW, investing intelligently is the SAME as trading intelligently. They're both means to make money. All the spread betting part means is that you execute the trade as a bet without taking on a contract, thereby taking advantage of different tax laws and saving on capital gains tax. It's not some voodoo world you enter when spread betting so please don't confuse your readers with such nonsense. The reason I'm aware of this course is that I don't dismiss things without doing my research or giving them a try. I signed up to a course due to the high-pressure selling. That's what helped me make my mind up: I don't intend on showing you my bank or trading statements. If you don't want to believe me, that's fine by me. I'm not trying to sell you anything, I have nothing to gain. Unlike K2A with their "real testimonies" Spread betting is not like investing. You don't make long-term investments, because the cost of funding would be too high. Yes some people will make money, but it will be a minority. Yet K2A seem to promise that with their system you're guaranteed to make money. Why has the person defending K2A not used their name Hi Guys, Wake UP! K2A makes money by selling courses to us, they even do not have any full time traders make living purely from stock market trading. Their system is there to trick our money out of our pockets. K2A is a big and very sophisticated SCAM! If you do not want to be a loser, stay away! It is summarised from this blog and the real experience of the Trader's University graduates. I went on their basic course back in October. I have only recently been able to start making a decent profit. Before then I kept floating around my starting level. I achieved this by paying attention to trend lines as my coach told me to but I haven't used any of their specific tactics for a long time. In fact if you were to follow their rules strictly there's probably very few trades you could place on a daily basis! I thought the course was a good introduction to trading, albeit overpriced. However, as some people have no doubt found out it is much more difficult than advertised by K2A. The stategies they teach you are used by professional traders I come across some of them in a book on candlestick patterns but such people will obviously have a lot more information and experience to assist them. It also helps if the market is constantly heading in one direction - the profits I've made recently coincide with the FTSE shooting up after a few months of oscillation which was when I wasn't making any money. They also give the impression that you can enter a trade at exactly the level you want - not true. What I found most interesting while there was the trading floor - which didn't seem to be particularly full. Are the people who use the trading floor full-time traders? Are they loaded from trading? I didn't see any Aston Martins nearby In summary I think K2A give a fairly good introduction to trading but they're definitely overpriced and make it seem much much easier than it is to make good money. The only knowledge they provide you with is how to lose your money. There is no way you can spend '20 mins a day' as they claim and make money. Due-dilligance for the markets you want to trade takes hours if you want to be successful. You all seem a little too fearful to me. Instead of speculating why not just read through your own created comments Diligently go through them and soon you will see the ones that have actually gone on the course and used the strategies have come up positive. After reading your comments I have decided to take on this course and if I do not make money, at least I have taken the step and responsibility to search out my life not to be with a JOB Just Over Broke. Hi, I must have posted on this blog about times. I have now gone on their course and after one month of trading I have made a considerable amount of profit. I have placed 13 trades in total and 11 of them were winners. With a RR of 1: I only used one of their strategies sniperbecause it fits around my work schedule. This will probably be my last posting on this blog, because I am tired of trying to say something positive to people who only want to hear the negative. I really enjoyed it and while a month's wages is a lot to spend on a 2-day course, I can see the potential in it. I am now going to persevere with this and see where it takes me. I've read this entire thread and I have to laugh at a lot of the posts on here - many of the negative ones exhibit the most horrible spelling and grammar errors and some are typed in full caps, I'm used to seeing these kind of posts on chat forums - usually from illiterate teenagers. The attitudes of many people on here are incredibly blinkered and, as has been said before, these people will not gain anything from Forex trading using K2A's strategies because they believe that they are rubbish and that this is a scam. That's a self-fulfilling prophecy - if you start off believing that you're going to fail at something, then you WILL fail at it. I'm going into this completely green, the last thing I ever traded was Top-Trumps cards in the playground 20 years ago! I'm going in with a completely open mind and while I'm not expecting to retire in the next few years, I do not wish to be a salary slave for the rest of my life I currently work a 50hr week and I'm inclined to believe, at least until I'm proven wrong, that this course may just have set me on that road. By the way, I find it amusing that as soon as anyone posts anything positive here about the course or K2A, they are immediately assumed to be a stooge. It's this kind of mentality that comes up with nonsense like the moon landing being faked. Just so no-one accuses me of working for K2A, my email address is geraintwd yahoo. If you want to talk to me to verify that I am in fact a real person and not on the payroll at K2A, feel free to call me. If I'm in the office with the boss standing over me I may ignore the call, in which case leave a message and I will call you back, though I'm sure there are some people here that will point out that this is merely more proof that I'm a K2A employee because I won't take calls while I'm in the office. Of course they won't consider the possiblity that taking random personal calls on my mobile while working to a deadline on a project might be frowned upon by my boss - funnily enough I do want to keep my job, at least until I make enough on trading Forex that I can actually retire!!!! I'd like to reply to Mike's post from 2nd March about his claim that spread betting is not investment because the costs are so high. There are NO real costs in spread betting! NO brokers fees, NO capital gains and NO income tax, if you have another income and pay tax on that instead. Brokers make their money from the spread - the difference in the buy and sell price. So as long as the trade moves in the direction that covers the spread then the trade is free. It it doesn't then you have to pay the spread but then again you should have factored that into your risk already. Spread betting is a great vehicle for increasing an initial capital amount because once you become more profitable at trading which isn't hard the winning trades pay for themselves. Hi Ben, Spread betting is a great vehicle, I agree. You say there are "no costs" to spread betting. Then you correct yourself and say that actually, there is a cost within the spread itself. If you are using spread betting for investing, then you should be studying the terms more closely and thinking again. In investing, you use your own money to buy something, e. You might buy shares in Google because you think that it will continue to grow its profits. Of course in the short term, disruptions like the china dispute could cause the price of the shares to go down: Then mobile search will become big, Google's new products will start making money, broadband will become faster, etc. This will probably be applied to your account at the end of each month as an "interest" amount. Even if the historically low interest rates we have now continued for 10 years unlikely! So to come back to my original comment, spread-betting is not a very good tool for investing. It is good only for short-term bets, or for short-term hedging of long positions. If you hadn't considered the cost of funding when making long-term spread-bets, be very careful, it will come back and burn you! Short term, nobody can tell you which direction a share will go in - price is too driven by sentiment. But longer term, price is driven by profits. Use spread-betting for what it was intended: Hi Mike, it's called a bet because you enter no contract so the FSA and Inland Revenue consider it to be no more than a bet in technical terms. But the principles of trading are exactly the same as for buying and selling any share, commodity or currency for the intention of making money. Don't be fooled by the term bet. It is far far cheaper. Ben, I'm not referring to the "technical" term like you say. Here is the definition of a bet. You will agree this corresponds to what spread-betting is: Typically, the outcome of the wager is evident within a short period. The cost within the spread IS a "real cost". So if the funding cost or interest. However most brokers won't be mentioning your cost of funding Why do you keeping going on about long term investment as being better? Short term swings are great to trade. Traders the world over do it day in, day out and make fortunes. It's called swing trading! Even big shares traders will buy and sell within minutes or hours to gain only a few points increase or decrease; at huge profit! Have you ever heard of 'closing the gap'? Or have you ever seen how price will shoot up when all the moving averages come together on a 5 min chart? Do you know what pivot points are? This is because because your point or pip value is dependent on your trade risk size which is generally larger on long term investments and smaller on short term ones. So as you say, spread betting is cheaper for the shorter trades and short term trading is just as profitable. Ben, I said spread-betting is not the same as investing. You said it was better than investing because there were no costs. I showed you in my post how spread-betting is not the same as investing. How spread-betting should not be used for long-term positions as there are very real costs. Investing and spread-betting are two different things, that's all I've said. I've also said spread-betting IS betting. Some people have strategies for blackjack or the roulette, technical analysts have strategies for spread-betting. Yes I've heard of all those things you mention and more. I actually did an analysis on 5 stocks, going back 5 years, studying gap trading. The outcome was that gap trading was theoretically profitable. However once I had put in trading costs or spreadsand the time you would have to spend at it, I came out with a loss. By adding other indicators into the mix it is probably possible to make the gap trading more successful Again, all my post was trying to explain was the difference between INVESTING and SPREAD-BETTING. Get real Mike, You're trying to pretend that what you do is serious work by using this term "investment" and that anything else is all gambling. ALL TRADING IS A GAMBLE. Don't try and pretend otherwise. But professional traders like professional gamblers use an "edge" and you need that whether you trade short term or long term. And that makes short term trading as much a viable vehicle for "investing", as you like to call it, as anything else. Those who employ no "edge" are amateur gamblers or amateur traders and they place bets according to your definition above. You are deliberately trying to confuse the whole argument based upon your misunderstanding of what spreadbetting actually is. Ben, All I have sustained since the start is that SPREAD-BETTING is NOT a form of investing. It is a form of TRADING, GAMBLING, BETTING. So why do you attack me? They are 2 different activities. I wish you all the best! This is the definition of investing according to the dictionary on my imac and on most of the internet dictionaries. That is was investing is. It doesn't matter whether you use trading, buying and holding shares, buying bonds or stick it into a high interest bank account. It's all about gaining more financially without doing anything physically in return. Spread betting comes under that definition and has little cost except the spread and overnight rolling day transactions only on long positions and they are minuscule in comparison to the profit. If the trade enters profit then it does so by making up the spread in the first place so effectively once you have entered the trade and it moves in the direction you want it to go the trade costs you no extra except for those rolling fees like I said - but only if you hold overnight. Now compare that with brokers fees on contractual trades which are charged either side of the deal i. Clearly it pays only to be doing it that way on long term trades. So spread betting is cheaper for short trades. And as short term trades work in exactly the same way as long term ones buy low, sell high, or vice versa then short term trades are investing. Just as the definition above states and you imply yourself. Mike, you have built this terrible site based on your own misconceptions. You are one of the world's naysayers and you clearly believe your views hold more weight than anyone else's. It's about time you stopped this propaganda and grow up. Go spend a little more time on your "investing" and less time trying to destroy the hopes of others. It might interest you to know that most brokers will charge additional funds to your account if you've been on a K2A course because they appreciate the value those people will now have to their business. Most amateurs lose their money very quickly because they have no strategy an "edge" and that means they can no longer use the services of the broker. Brokers therefore prefer those who do use strategies as it keeps them in business. Ben, Glad to see that you've come round to my point of view about long-term positions not being a good idea with spread-betting due to the exorbitant cost of funding. I'm happy I was able to help you out on that one. All we seem to disagree on now is the definition of investing. When I enter into a trade, I'll be buying a good stock and hopefully holding it for years to come. So I'm doing nothing physically in return. But if you are day-trading, you are spending a few hours every day to do that. So you ARE doing something physically in return. By forex end of the year, that'll be a lot of hours! According to your own definition, this is no longer "investing". Most people call it "work". BTW this isn't my website, not sure why you would think it is, but I did have a bad K2A experience like most people who have left a comment on here. At the end of the day, whether or not you can make a profit with spread-betting is not the issue: That's not what I said so please don't twist my words. Spread betting is cheaper all round, especially so on short term trades. The costs for contractual trades are forex so it pays only to do it for long term trades only. You only need one trade a day to make a very good living with spread betting. How does that constitute doing lots of work? Ok, I went to a K2A seminar on sunday, and needless to say, I was surprised when I was told that I had to pay that day to get the discounted rate and wouldn't find that prise again!!! I won't Knock K2A, they may be good at what they do. But what I find hard to believe is that you can be a good spread betting trader with two days of intensive training??? I think you need a minimum of more like 'two weeks', any body agree. Anyways, I will do more research before I even contemplate joining K2A, but if any of their traders are around, visit this blog and put the minds of all these hopefull people who have joined or thought of joining your company at peace. I have been trading now for 14 months after a friend introduced me to the idea. At the time he was working K2A as a mentor and as an instructor. He was trading their stocks system very successfully but has not completed the forex courses. He has left the company but does keep in contact with previous trainers and they do now speak very derisively about the techniques now being taught by K2A. Hello guys, My boyfriend signed up for the course without doing any research on the company. He decided not to take it because of all the controversy in this blog. We are now trying to refund the money, I would appreciate if someone could send me a sample letter on how to claim full refund. Hi, there is a sample letter on this blog which worked for me. Interesting discussion on above on long term spread trades. I was thinking of a similar stratergy. Here's an example Nikkei approaching the level was as high as in At this level one could assume that the initial stop loss could be raised to the entry level now eliminating any LOSS risk. Now your position is using someone elses money. This example shows the power of leverage. Truth is you will probably loose that many times and even if you've calculated a 3: Usin a system like theirs will keep you in the game longer than someone with no training. But for the money 2 days isn't long enough and half of that time will be spent selling you the next course. It's a pity they are the way they are, but teaching people 'properly' probably isn't as profitable as scamming the gullible. Anyone whose intersted and thinks it looks easy, open a trading a ccount it's free with IG index for example who have a basic charting package. Now look at a share price in a daily time frame and draw a line along the levels of support and resistance. Now reduce the time frame down to say 1 hour and see how often the share price actually went outside your lines of support and resistance.
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Take for instance schizophrenia, a disease characterized by (hallucinations, delusions, flat or inappropriate emotional expression, paranoia and suspiciousness).