ForexTradingSeminar.com Review

3.539 • 22 REVIEWS
Out of business Scott Shubert
Updated: Apr 13, 2022

Another website of this company is www.platinumforextrading.com

Note from FPA Advertising Department of 09.05.2011

Based on the excellent reviews below I signed up for Scott's affiliate program and promoted his products. Please see affiiliate center report (click to enlarge)

Scott Shubert Scam

This commission has never been paid. Latest email reply is dated 08.01.11, quoting "In a couple of days I think I can make payments by paypal." All further communication was ignored. Before buying this product please be aware that you are doing business with a company of poor integrity.

Website is down. Company seems to be out of business.

ForexTradingSeminar.com
Out of business
3.539 • 22 REVIEWS

Recent User Reviews of ForexTradingSeminar.com

S
Scott72
USA, USA,
Oct 11, 2020,
Registered user

Service use: Live Length of use: over 1 Year
I started with Scott Schubert few years ago and I left when I realized Scott is not divulging his strategy how to trade, and he will never shows any of his trade’s results. If you ask how his method works he will give you the run around, he wants you to fell confused and stupid and continue to pay monthly subscription to his advisory service. He is talking if you don’t understand is only because of your subconscious mind is not elevated enough, and more garbage like this, not because he doesn’t explain clearly how his method works, which is based at trading in the direction of a higher time frame using CCI.
Scott wants people to subscribe to his service and keep them confused because he makes more money this way than in real trading, and needs more newbie at trading to pay for his lifestyle in Philippines and if you know how to trade you will not continue to pay the subscription anymore and his monthly income will go down which is unacceptable for him. The more stupid and confused Scott can keep you the more money he make. Scott is a hypocrite that doesn’t care about anybody, I wouldn’t trust him to watch my back if we were in the same fox hole, his goal is to become the richest man in the cemetery.
S
stevefer50
Florida, USA,
Oct 31, 2019,
Registered user

Amazing!!

Service use: Live Length of use: 6-12 Months
Scott Shubert is an amazing trader/teacher. He works with his students on a daily basis durring the London and New York session not only to show them trades but to teach them how to recgonize trades as they happen.

He is the only trader I have ever been involved with, in ten years, that consistantly makes money and spends his time teaching me how to trade. He will answer and explain any question a student asks.

If you want to learn how to make money trading forex, this is the place to do it.
D
dluky1
Spain,
Dec 11, 2016,
Registered user

I too had the misfortune of dealing with this man(Scott Shubert) first hand, through his YinYang Scam. After he got my money, he vanished! I can not get on to his site, he does not reply to my emails, and I have no way of contacting him. for those reasons I write him off as a SCAMMER. Try it for yourself, Yinyang forex
Don´t trust him with your money, you have been warned!
S
sweetT
California , USA,
Dec 10, 2016,
Registered user

Didn't work for me

I wanted to leave my review for Scott Shuberts course . It was the first forex course I tried and it left me confused and not even prepared to make a trade on my own. I started in April 2016.
The course consists of two aspects . Online trading videos and a live trading room. Scott teaches Elliott Wave and claims it is the ONLY way to trade and make a profit . Me being a newbie, I took his word for it .

The videos are outdated and confusing . I went through them a few times and could not fully grasp the Elliott wave concept . Finally I went to baby pips and for free learned about Elliott wave in a way that made sense . Also the video directions are outdated . They go through setting up charts on MT4, for instance , and a complicated work around he used to open up more time frames not available on MT4. I spent hours setting this up only to find they do not use this work around anymore . Instead they use MT5. Well most USA brokers do not offer MT5 so that's another problem. Scott is an American but now lives somewhere in Asia so he has access to brokers we do not have in the states. I was left with using MT5 for chart analysis and then placing trades on another platform as my only option.

Next is an online trading room ran by Scott . This trading room doesn't have exact set times so sometimes I would wake up only to sit there for 30 min to an hour waiting for him to start training. Also in the 3 months I attended, I never once saw a trade be placed . He runs his trading room 2 times Euro Open and Euro close but I could not attend both due to my time zone and work so when I asked about never seeing a trade placed, he simply said I missed them because I did not attend both times and he was making trades and lots of profit . Meanwhile , in 4 months I never even learned enough to place a trade in my practice account .

When I asked a question, it was never answered fully . I was told it takes a year or more to understand Elliott wave so to just keep on attending and eventually I will learn. But daily I came away with nothing new . I felt I wasted my time and finally moved on to a trading system where the teacher reviews his trades daily and I was able to place trades on my own within 1 month not 1 year ...
To me Scott's system seems too scattered for my likings . They watch several time frames and dozens of pairs and talk about all the money him and his best students are making but never show trades being made or why. From my experience, all I saw was analysis on past charts . I tried to make it work but his system is complicated and boring and not for people who want an easy to learn system . If you have years to try to get a new concept and start making money, maybe this is for you but truly there are much easier ways to learn forex IMO.
S
Shaun
Maryland, USA,
Jan 20, 2016,
Guest

I took the course a couple years back. managed to save some of his videos to file on my pc to review even after cancelling the subscription which i believe was $99 a month for access to the course. I took some screen shots of things to remember also for future reference. overall i thought the course was very good. the videos are very long-winded, but it just shows his passion for what he is teaching. he can literally talk about forex trading forever (and sometimes he actually does talk forever) but all in all, it was an eye opener.

the basics of it is that he uses multiple time frames to analyze the market. he also uses the guppy multiple moving averages on all time frames and uses a multiple CCI with similar settings as guppy. The multiple CCI was quite interesting, something i had never seen before. had some issues understanding it at first so i had to play that part over and over. The mulitple CCI is similar to the Spud Stochastics.

All in all it mades perfect sense to me. Guppy MMA and multiple time frames is basically what i use. i still havent quite been able to couple it with the multiple CCI for earlier entries but maybe one day.
J
Jrod
canada, Canada,
Feb 2, 2015,
Guest

I agree with most of what has been said on here. I bought the course. with intentions of learning how to trade. And being in the daily trading group and receiving alerts of recommended trades.

The videos are extremely boring. He goes on and on about nothing for atlest half the video. Ok so hes not a speaker, but some editing sure could have been used to not waste about 20 hours of useless talking.

That said, I learned more from the course than anywhere else before. Most of what was learned could be learned for half the time if he would just get to the point. But all his teaching us looking back at history, no trades made in real time. just shouda and coulda.

That's why there is a daily trading group right. Well not exactly. In four months of staying up late for eu session and waking up early for the us session. Not once was there a trade recommendation. He trades on a demo account, never shows how to manage a trade hes in. cause he never enters one. Just more of the same coulda shoulda woulda.

Never received one trade opportunity alert. Sent multiple e mails asking for my password, never got one. never got one never got an alert. Not a single trade recommendation.

The 300 dollar a month forum is where he makes his money. I don't know how guys can learn from sitting there for 30 mins without him saying a single word. I found the trading group to be absolutely uselss and I cancelled it.

Practise what you learned in the course on a demo on your own. using his older methods that have an entry and exit point. Not the feel the market bs.

Way way over priced. Learned to trade with some confidence. But I wish I coulda bought just the manual. and read it in less time than the mind numbing videos. And saved my time and money on the useless platinum trading group. It was an absolute joke.

I cant say I would recommend it to anyone.
T
trading is like anything else
USA, USA,
Nov 8, 2012,
Guest

I have purchased Scott Shubert's course and have been in the mastermind group. I have since moved on to learning more in-depth information about trading, but this course gave me a real basis to learn what trading is really about and the attitude and mindset one needs to begin developing in order to be successful.

I have been a trader long enough that when I hear someone talk about how trading "is a zero sum game", I already know I am dealing with someone who has no idea what trading is about and is simply parroting what the vast number of failures say to excuse their inability to make money trading.

For the retail trader, liquidity is never an issue. That, combined with the regulations that have been put in place over the past few years and the proliferation of "no dealing desk" brokers, the trades you make are either with the market or against it. Nothing more, nothing less. No "manipulation" to blame.

It is now rare that you have brokers that do some of the manipulation that was commonplace in years past. And if you encounter shady brokers, then there is only one answer. Find another broker who deals squarely. They are not hard to find.

The market goes up and down the same for everyone, so pretending like "it's the broker's fault I lost money" is laughable and is the sure sign of a two-pump chump who opened a live account before learning to trade profitably and lost some hard-to-come-by money.

Anyone who thinks that the forex market is some "conspiracy" with a "stacked deck" doesn't know what the heck they are talking about. And they also need to quit hanging out at trader forums with the other losers and half-wits who talk negatively all day frustrated because they can't find the silver bullet that doesn't exist anyway.

There is a body of knowledge regarding trading that most people who enter the trading game never discover because A - they don't stick with it long enough to get the knowledge or B - they came into trading as a "get rich quick" game of chance and were doomed to fail from the beginning because of that viewpoint.

Anyway, losers are losers and winners are winners. If one person can be profitable trading, so can you. The main difference between the winners and the losers is their overall attitude - mainly the determination to succeed.

Lastly, all of the cheapskates and "freebie-seekers" are almost ALWAYS the first ones to quit. Mainly because their general mindset is they they want and expect something for nothing. They always cry and whine about "being able to find it for free". Buddy if that was the case, a hugely greater percentage of those who opened a live account would be swimming in Rolexes, Bentleys and Laguna Beach mansions.

Bottom line, Scott's Shubert's course is by no means the holy grail and there are many more subjects about the intricacies and factors that affect the markets that it perhaps should cover, but I guarantee you that it is more substantive and practically useful than 99% of the relative nonsense and straight-up garbage that is out there "for free".
N
Not trading anymore
Midwest, USA,
Oct 21, 2012,
Guest

As with any course please search online and hopefully you will find a free download:) One of the Malaysian forums was excelent in that regard for getting reviews and reading about these "holy grails" and you could find almost any course there. As for the course, I bought the original version back then it was cheaper and had bunch of DVDs, later the course was updated, but did not find much useful info there either. Scott's idea was to use multiple MA (moving averages) and Elliot Wave and somehow it should lead to great entries and exits. Problem is as usual it looks great in the past, but live it will not help you. I was in the paid webinar too, but no entries and exits were called, although multiple analyses was given on PAST data. Unfortunetly you can't trade on past data.

As with anything most members and testinomials claim success, but nothing to prove it! Trading is a zero sum game and only very small % are winners, think about it as a big card game where adds are stacked significantly against you. In the end I've decided to move on from trading or at least temporarily as it looks great on paper, nothing like it at all in reality. Again, nothing new here and bunch of the information is available for free!
R
Roy
Vancouver, Canada,
Jun 29, 2012,
Guest

Scott Shubert's Trading Mastermind service is outstanding. It will educate you from the very basics up to the conscious and subconscious disciplines required to make profits in the FX markets. In the Platinum Group live trading, Scott doesn't give you yes's or no's but offers you a choice to decide to make a trade or not on your own - which is what is required to trade independently anyway. I myself have been traidng nearly 4 years with little success, despite taking numerous courses. In the last year, since being part of PTG, but instincts and timing has sharpened enormously. Scott is a patient teacher - make sure you participate in the webinars to make this works for you. Don't just sit back and hope for answers to come to you - ask questions!
Life changing course if you are willing to listern, learn and act.
C
CJ
Philadelphia, USA,
Jun 21, 2012,
Guest

This was the first forex product I ever bought , back in the day...

The pros: Good solid learning product, great for beginner, good professional quality, and Scott is very pleasant person to listen to.
If you're in the early stages of researching forex, this is a great course and will save you a lot of time.

The cons: Was only focused on longer term trading... Also nothing really mind blowing that wouldn't be known to someone who has already done a lot of forex research.