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Knowledge to Action?

Discussion in 'Has anyone heard of?' started by technohouse, May 1, 2010.

  1. technohouse

    technohouse Recruit

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    Hi,

    I have signed up to go on a 2 day course in London with Knowledge to Action.
    The course is £2000 + vat and I have paid a deposit of £495.

    I am so busy at the moment, project managing the build of my dream home and also doing as much of the work myself that doesn't require specialist services. I also have wages to pay my labourers ( I have no Income, just my savings and capital)
    I am quite happy to pay the 2 grand and in fact somebody is going halves with me and I am going to trade both our funds in one single account. I do not physically have the time to figure out technical analysis and indicators and learn how to use trade signals and spend 6 months using demo accounts.... so I figured for what is only going to cost me personally, just over £1000 and I can get the information I need in a couple of days it is well worth the investment.

    By the way, I do already trade and I am making profits but it is using a system that is about 40% successful so it will take a long, long time using a safe risk management strategy, to actually start making any decent money.

    To the point..! a few days ago, I needed to phone them up about something so I just googled them, to get their telephone number and I found loads of blogs and stuff about them being a scam? People were discussing trying to get their deposits back etc.. Why?? - IS IT A RIP OFF?


    Now I am worried... can any body help me out here?
    I am really looking forward to the course as it will give me more independence as a trader by not having to rely on this one system that I use, which is basically not much more than a flip coin system with strict risk management. I need to know how to trade for my self.

    Your thoughts and advice will be gratefully received.

    Thanks

    TH
     
  2. peter_b

    peter_b Recruit

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    Not only is it a ripoff but the FSA has now issued an alert about Knowledge to Action.

    http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/knowledge.pdf
     
  3. peter_b

    peter_b Recruit

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    Hopefully my first reply about the FSA alert about Knowledge to Action will appear before this post. I wanted to add the following.

    Back in 2006/2007 I attended the free workshop and was fooled into paying a deposit for the 2 day course. I began doing some research and found many inconsistencies in their story. The turning point for me was to find out that their award from Business Britain magazine was utter nonsense. There is no magazine called Business Britain just a crappy website and a virtual office.

    I got my deposit back after highlighting this scam and saying I was going to turn up and tell everyone what I had discovered.
     
  4. James Gillespie

    James Gillespie Recruit

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    Greg Secker : Knowledge to Action : K2A - my experience

    This is my experience :

    Knowledge to Action (K2A) – Greg Secker

    I had already decided that I was going to attend some formal forex course to help me with my personal Forex Trading Journey when I went along to one of Knowledge to Actions (K2A) 2 hour free seminar in Cambridge at the end of January 2010.

    First impressions was that this was a sales pitch and nothing else; the guys were dressed in poorly tailored suits which didn’t go to meet peoples expectations that we would meet successful traders earning a mint. Of course since realised you can be trading very well and not be earning fortunes, but the first impression in any case was what I or the other 20 or so people expected.

    The guy (Paul I think his name was), did a relatively good job explaining the forex market and it was possible to make money from the market. He handled the usual questions on “this can’t be true”, “this is gambling”, if you are a successful trader why are you doing this” quite well. He did boast a little too much on how his 12 year old daughter trades and how he likes to take his family out for a £500 meal and likes to have his suits made whilst being served coffee.

    At the end of the seminar in which he gave no real idea as to what strategies one would follow to make money they came out with sell. For £2000 + vat (disc from £3000) you’d get a 2 day Forex Training course, 3 coaching sessions of 30mins each and a Greg Secker DVD set. I had money that I had to use for retraining (any nothing else) so I went for it.

    2 Day Forex Seminar

    The 2 day seminar at their place in Fulham was interesting. The course was packed with 30 other people and we were all given a manual which contained 3 of Greg Seckers strategies that he teaches on the course. 1 for end of day and 2 intra day.

    The Good bits :

    1. The instructor was laid back, fun, interesting and had a few of trading ideas over and above the ones in the manual
    2. The course went from “this is a candle” level to brief mentions of Fibonacci
    3. Relaxed and motivating atmosphere
    4. Easy to follow step by step guide as to how to implement each strategy
    5. Good overviews of the forex market and how it works

    The Could do better bits :

    1. No food given !!! For £1000 /day per person you think they could stretch to a sandwich!
    2. Because it starts from basic principles it can be slow for some people, but then moves quite quickly during the day leaving the slower ones behind.
    3. There is nothing in the course that you cannot read in a few £20 books and read for free on the internet
    4. It is overpriced. It is priced at this level, in my view as people must think “if its this much; it must be good”. I have since seen similar courses for a less than half what K2A charge.

    Finally; if you have the spare money for training from redundancy like I did look good and hard at the other options. If not, you can DIY by reading and finding some top up courses elsewhere that can really get you moving intpo trading. For me, K2A, even though was not value for money, it got me going.

    2 Day Forex bootcamp

    This was promised as a chance to trade “live” with 15 other people and a lead trader for 2 days and 9 more coaching sessions. Here you would put into practice what you had learnt on the 2 day Forex course. I went on this in April 2010 and it cost another £3000 (used up the last of my training allowance from my old employer – had to by July 2010). For me this was the biggest disappointment bordering on farce.

    The Good bits

    1. Met some other people who seemed serious about trading full time forex
    2. Found a good Brazilian cafe that served superb Caipirinha’s!

    The Could Do Better :

    1. Be prepared – the coaches didn’t really have much of an agenda or seemed organised to handle the event
    2. The internet didn’t work for the 1st half of day 1
    3. Still no food!
    4. We didn’t start until 0700 so a lot of market had moved by the time we all got online by 0730 ish
    5. Out of 2 days there was 1 trade (that was a discretionary trade) that made money – not 1 of the strategies taught on the course were taken by “professional” traders which left all of us a little confused

    This was a no brainer piece of advice for me – don’t waste your money. If you look hard enough around London area you can find the same thing for a lot less.

    They also try to sell you eSignal for $100/month and tell you without this you won’t have an edge. In my opinion this is a disgrace – I was the only person not using eSignal so I imagine how much the kick back was to K2A for those referrals.

    In summary I am more convinced that Greg Secker makes more money from training that he does from trading as do his coaches. Have not seen or heard anything since to make me think otherwise. I am sure these guys trade and maybe some of them trade successfully, they talk a good game, just something in me isn’t 100% convinced of them as I am of what they sell.

    You will not be consistently profitable when you finish the course and probably not after spending £’00′s on coaching. It’s a time thing which I am still going thru.

    I am still doing the coaching sessions with my coach – I’ll give a final review on these sessions when I have finished them.

    Jimmy
    IntraDay Forex Trading
     
  5. MACH26

    MACH26 Private

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    K to A

    Hi Technohouse,
    I also attended the KtoA course and the follow up Bootcamp. Although I bow to superior knowledge here, you've paid for it and need to get the best out of it. As a basis for trading, its a great education. Its critically important to read and re-read the manual because there are some real nuggets of value in there. Its the charting software, indicators, strategies and Brokers that they recommend that generally dont work very well or are costly or unecessary. Dont be fooled into thinking that the income generator does what is says on the tin because you will begin your trading career losing money, confidence and the will to carry on. It has taken me 12 months since the course working almost full time to make money. My strong advice is to look at the threads on this forum and that of forex factory to obtain a free trading system that works for you and your project schedule and then stick to it. It is critical that when you go live, you only trade microlots and with a very clear exit strategy for each trade. There are also numerous managed services and virtual trading rooms (I belong to two of these) that will help you implement the basic training profitably successfully and quickly. I do wish you all luck. Kind regards
     
  6. RahmanSL

    RahmanSL Major

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    2k of good money for a pep-talk course?????

    Why in hell would anybody do that for?
    You can get all that sales pitch for absolutely FREE and at your OWN time by reading up and asking questions here at FPA and other forex forum sites!

    Instead of paying 2k for a sales pitch talk, simply sign up for Live account and do on-the-job training....you might even turn that 2k into 20k!
     
  7. misterfola

    misterfola Recruit

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    Knowledge To Action

    I actually did the FOREX 2day course in January. Although I have to admit that their services are overpriced, the strategies surprisingly worked out for me. I think most people are impatient and want to double their trading accounts in a couple of days, which is impossible esp with the risk mgt system that is recommended.
    Realistically, in order to make about 4000 in a month you need to have about 40000 GBP which is a lot of capital, nevertheless I am at the moment making about 5% returns on my account on a monthly basis.
    The only thing I didn't like about k2A programme is that you'd still need to pay for a charting software by esignal. However because I cannot afford to pay such, I actually set up my strategies on a free charting software called MT4 which is actually working out for me.
    My advice to everyone is this: k2A is not a scam, it is only overpriced. They exaggerate on the amount of money you can make in a month. Don't be greedy and expect to start making plenty returns immediately, be patient.
    K2A STRATEGIES WORK. THAT'S FOR SURE
     
  8. MarksInvestingBlog

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    Knowledge to Action Ultimate Forex Course

    Hello all,

    First off the disclaimer. Knowledge to Action are a client of ours.

    My name is Marc Krisjanous and I have just attended their Ultimate Forex course in Sydney Jan 2011. I attended the course because I am a property investor and have decided to look at other investments since the property market is unpredictable right now in my part of the world.

    I never knew what Forex trading was until K2A became a client of ours (setting up some social media profiles for them). After reading up on Greg Secker and their business and Forex trading I decided to attend their course in Sydney.

    Second disclaimer: I did not pay for the course but I personally paid for the travel (flights NZ/AUS), hotel accommodation and all other expenses.

    What I found was that the 2 day course is packed full of great information about Forex. What I like most about the course is that they stress the importance of risk management and trader account management.

    The strategies they teach seem sound and well thought out. I have been through many strategies and coaching with property investment so I know what things make a strategy work and what doesn't.

    In order to help me as a Forex virgin I have created a website that journals my adventures and using Knowledge to Action's teachings.

    K2A have told me to write as I find it including any negative aspects I find.

    So if you are interested in following me (I founded PropertyTalk.com) then please visit me at MarksInvestingBlog.com.

    Cheers

    Marc
     
  9. Prospector

    Prospector Recruit

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    It's an oversight no doubt that your financial connection with Knowledge to Action does not seem to appear anywhere on your 'blog'.

    The blog looks more like an extended ad for K2A courses, with virtually all the links going to puffs or teasers for their products. And unlike so many others, you seem to have found no 'negative aspects'.

    But perhaps, given what I've read and heard in so many places about this organisation, I'm just being cynical. :(
     
  10. MarksInvestingBlog

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    Thanks for the comments Prospector.

    Below is the post where I state that K2A paid for the course but I paid for all expenses including travel and accommodation (about 2k AUD). Sorry but the hyper links seem to fail in this forum.

    http://www.marksinvestingblog.com/2...-to-action-forex-dvd-training-set-has-arrived

    Plus I agree with you that there should be a more prominent statement so I have added a disclaimer to the about page stating they are a client of ours here: http://www.marksinvestingblog.com/about/]About - Marks Investing Blog

    Right now it is full of K2A stuff because as a newbie thats all I know :) Plus I am very excited about starting to paper trade - today! (11am NZT).

    I am currently reading the "Trading in the Zone" book and will also write up a review about that once I am finished.

    I will report all my findings both good and bad in the blog but as you can imagine there is not much else to report on so early into my adventures.

    That said I have invested not only my own personal time but purchased a computer to run my charting software and have converted our spare room to my trading room.

    Why?

    Because I believe in what they have taught and right now as a newbie it makes a heap of sense. Plus I have allocated a good amount of my investment dollars into my trading account which I can lose if I fail so I am taking this very seriously.

    Please follow my blog and see how I go.

    Cheers

    Marc Krisjanous
     

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