BEWARE of K2A
Hi people,
I went to a free seminar in London from K2A. To be honest I was pretty convinced of taking the course even before going there...
not smart, because I didn't really look at the presentation objectively.
I hadn't really made much research about the company but it appeared to be the real deal. They offered there services in a bunch of serious job hunting webpages , and since they were supposedly biggest UK trading coaching company, and seemed to have offices in other counties too, I felt confident enough...
So I pay the GBP2500 incl VAT that the course costed with my credit card, knowing that if I found something weird about them before the course, I'll just called the credit card company file a complain and get the money back.
On the tube back to my flat I started reviewing the presentation in my head on an objective way.
The guy who gave the presentation, said that he became rich since college trading with their strategies, even putted a photo of him standing next to what was supposed to be his Aston Martin. They then played a video of a guy who was supposed to be a former plumer that theoretically made 500% return on a month.
And it all came clear
What the hell did I sign for!!
I started doing some research on them and found a lot of stuff.
First their Flying Trader
The Flying Trader
their
Where Greg Secker, CEO of K2A trades from an helicopter over london...
and people can follow the trades from home or at their offices in London.
Like if his going to find signs in the sky or something!
Any person can trade from any place! Being in a helicopter is probably a lot harder to fing good trades for anyone and the 3G or satellite internet is probably pretty bad!
The trades that people follow that day are probably being place by someone else...
These people just try to be as flashy as posible to give the appearance that they are successful.
So I kept digging.
I saw his welcome video again
Greg Secker
and made some background checks
He claimed to have shared stage with a lot of important business people.
He has this guy who he shared stage with Jordan Belfort "The Wolf of WallStreet" saying that he is a world class trader,
so I checked Jordan out to see what the hot shot had accomplished in his career...
I strongly suggest you guys read this, its pretty funny!!!
News Headlines
Jordan Belfort: Confessions of the Wolf of Wall Street - Telegraph
One has to be really dumb to put this guy as a reference...
He is famous for being a White Collar Criminal!
He scamed people for $200,000,000 and for it did jail time for it.
The movie Boiler Room
Boiler Room (2000) - IMDb
was inspired in his early life.
He still has to give most of his actual income to the people that he scammed.
Some editions of his Autobiography book "The Wolf of Wall Street" have the following written on the cover:
'Multimillionaire at 26
Federal Convict at 36
I party like a Rock Star and Lived like a King,
And Barely survived!
My rise and fall as an American entrepreneurial Icon."
http://www.amazon.co.uk/Wolf-Wall-S...3756/ref=sr_1_1?ie=UTF8&qid=1313715832&sr=8-1
Really which world class millionaire trader will have to put this in his CV,
A fraud.
Then I checked many respected financial webpages such as
Information for the World's Business Leaders - Forbes.com
CNBC Mobile Home
www.investorpedia.com
Bloomberg - Business & Financial News, Breaking News Headlines
Where he supposedly appear as an invited guest.
And none of them showed any results for Greg Secker.
None of the videos in youtube have any comments, because they have to be approved before being posted and apparently not that many people posted good things, judging from the unlike/like ratio that this videos have. One of their videos is labeled CNN interview is an interview in CNBC Europe, which is better in my opinion, but the video is not complete, its cut before Greg a had the opportunity to response a challenging question!. They probable mislabel it so that people wouldn't find the full version.
This the short version taken from knowledge to action youtube channel:
So why should the a super star trader have to lie, and have some of his employees give you false statements?
TO SELL YOU!!!
That's all it is, a cheap sell!
Like one of those ads that you see the before an after, that fat guys get sixpacks in a couple of weeks and that sort of stuff...
Peter_b posted in this forum how K2A was even red flagged by the Financial Services Authority (FSA) of the UK.
Regarding the things they teach, you can find all that stuff and more
on series of books related to trading...
Probably even the ones from the "For Dummies" Store, (sad but true)
Product Search - For Dummies
I kept going back to the free seminar in my mind and remembered that the guys kept saying how the course was better for beginners, that people with trading experience tend to developed bad habits that make it harder for them to lern, etc etc etc...
This people probably had tons of problems in the past and are trying to prevent the people that can realice that this is simply a charade and do bad publicity.
I can see that this course either the stock or forex can open the mind of a beginner, but people there are many ways of opening your mind and it is easier to make a beginner think its wort it.
I can't assure you wont make any money or that you wont learn anything at all as some of the things they teach like technical analysis, are tools that every trader uses, but I CAN ASSURE YOU that there are far cheaper and better options than this one!
And that don't make you dependent of them or a software to "succeed".
If you still want to use esignal, they give a lot of free online seminars, and others you can pay for...
http://www.esignallearning.com/seminars/default.aspx
You can also try the software for free before buying it.
So those were my findings regarding knowledge to action,
and its people...
Hopefully they will prevent some people from blindly singing for their seminars.
Also guys even if you take this or other seminars its good to star using accounts with play money, like many people have said before you can lose money specially at the beginning so till you find out if your cut or before you become profitable (there is really no point in star with your money if you are going to lose some. Most sites have the option of practice accounts!
Cheers
Ps: At the end I got them to send me the confirmation email that my refund was being processed, but it only happend after I called the guy that charged me at the seminar, and suggested that maybe the easiest way of making the refund was for me to attend to another seminar so he could swipe back the card to put back the money to the account.
I guess after I told him some of the reasons that I didn't wanted to take the course he didn't wanted me to crash at the other seminar because the next morning as soon as the offices of K2A opened I got an email saying that the funds where being transfered back to my account...