About 10 years later and after losing a lot of money on the market trying to be fundamental value stock investor, I went to a Teach Me to Trade’s free seminar after I saw their 30 minute TV infomercial. That was a one night sales seminar that was mainly a guy doing a hard sell for the low cost class with a few charts of detail of stock and options. I decided to pay the $199 for the three day class. The reason was that I talked to two other guys waiting in the lobby before the seminar that had come to repeat that 2nd $199 class again after taken it the year before.

After about a month’s time, I took a three day introduction course at a local hotel. That was two full days of great information and about one day of a hard selling for the next expensive TMTT courses mixed in during the three days. The course was pretty easy since I had passed my series 7 and most people there didn’t understand the stock basics and few had done their required reading assignments before coming to this class. I did learned a lot about technical trading and spotting chart patterns and it was well worth the money showing me stock patterns that helps increases my odds of picking a good investment. It was also the first time in my life I had found someone with good trading knowledge to answering my questions.

I decide to buy their $5K course and was allowed to bring a friend to class that paid me about $1K to go with me to those advanced course. I also received two software trading tools that came with the advanced class fees that I still use every day. Each course came with an on-line class tutorial that took about 12 hours on line study and a teacher assisted on-line class once a week that all prepared me for one of two three day class in a hotel in Orlando (the closes city for me).

Both classes were full 8am to 6pm with short breaks and as hard as any college Economic class I have every taken. In the advanced courses there was zero time wasted trying to sell me more courses for Teach Me to Trade. For me it was well worth the money it cost me, since I took the course serious and the knowledge I gained and the rule set for what not to do on the market has paid for that education many times over.

Since those TMTT classes I buy DVD on Option Spreads and other advanced stock trading strategy like Iron Butterflies teaching DVD’s from Amazon ($20) that are very similar to my TMTT classes. TMTT’s advanced classes are just like any college you get out what effort you put in. But, my overall opinion of TMTT is very positive and I would pay for my daughter to attend if she would ever get serious about investing.

If you want to go wast a couple of hours then by all means do. It surely beats sitting in church and being brain washed by some priest.

Read on book and live by it.
Rule #1 by Phil Town. The guy is a Buffet follower and has a nice website that is free.
That is all. Thanks

I have learned enough to make me successful after only the first class.

My problem with TMTT is that they have continued to call us wanting us to sign up for “other” coaching or help at another hefty price tag. Several thousand $.

They are definitely high pressure sales and when we called to cancel one of the other “extra” packages after 10 days, they said that we passed the 3 day limit for cancelling. They told me to write a letter and they’d get back to me.

It’s been over a month and I’ve called several times and left messages, but they will not call me back or email me an answer…even if it’s a definite “NO!”

I’m very upset about the way I’ve been treated after investing so much with them.

I wouldn’t recommend them to anyone, instead, I’d suggest investools or some other company.

It’s apparent that the writer before me hit the nail on the head!

During the summer of 2004 I would have made money using what they taught and by using their software, except for some stupid mistakes I made. They didn’t make them, I did.

One time I decided to get out of a trade on a stock with a $700.00 or so profit. So at the end of the day I decided to exit the trade. It was a long trade and I executed the sell to get out with the profit. Little did I realize it was market close and the order did not execute!! I assumed it did and one week later I went into my TD accout only to discover I was still in the trade but had lost about $700.00 dollars instead!!! This was not TMTTs fault but my own lack of mental sharpness.

There’s another example of me losing on a trade for even more money when I could have made $1400.00 or so. Again it was my own fault and not what TMTT taught me. Moral of the story is TMTT does teach you some good stuff but you have to pay attention to what your doing or you will lose your butt.

I also think that depending on the person and what they are looking for seminars can help. Sure you can read and learn on your own but this is going to cost money in mistakes being made also. It really shouldn’t be an eiter or proposition.

Better yet go the public library or go online to study the market after all thats free.

The commercials imply that you will be taught something about trading at the free seminar. That’s not the case. It’s a three-hour seminar which stresses that it will be hard to retire (Social security will be gone, mutual funds drain money, etc…) and that the only way out is education. During the seminar, the speaker actually lets everyone know how stupid they are in money matters (actually talks down to people) and at the end, the speaker pushes the three-day seminar for $199 or $399 depending if you also want the software or not. No questions are allowed during the seminar.

Having an MBA, I can tell you that the start of the seminar started out factual with a discussion of mutual fund fees but quickly turned very biased. The seminar was very much geared to delivering the point that the key to success in the stock market was education and that Teach Me to Trade offered that education.

In fact if it were that simple we would hear about Warren Buffet and Teach Me to Trade graduates as the biggest success stories. There’s a market for a reason and that market is a compilation of everyone’s opinions. If Teach Me to Trade gave any advantage whatsoever, it would be much more profitable for them to use it themselves rather than selling the classes for $399 each.

Bottom line: Stay away.

Thanks
Anna

I am so glad I backed out of going to this scam seminar. I went ahead an bought a couple of books on the CANSLIM process of selecting stocks, paid about $10 at Half Price Books and to say the least on my first trade made $450, certainly not a fortune, but seems like the books were a better deal than the $399, I had 7 of my freinds who had originally signed up for this so called free seminar, but they cancelled and so did their freinds. We have now formed a small group and meet twice a month to discuss our ideas and then we make our decisions with technical anaylsis and other available information which by the way is free on the net, try yahoo financial, and even google has a beta financial. So far we have picked 7 out of 10 winners, over the last 6 months and average gain is 39.62% . We are no Harvard MBA’s or any financial experts, just a group of freinds doing their homework and then investing. I think if most folks realized , there is no magic formula, all you have to do folks is learn to analyze past , present performances and factor in the reality factor and then cautiously invest. Be wise folks, dont let these fools take your money, you are better of buying $399 worth of books and financial newspapers ….best of luck

Read Mark’s blog above. Good luck to you Mark!

I went to the first free seminar based on the infomercial I saw on TV. I believe myself to be a fairly educated person. I have a degree in finance and economic. I wanted to believe in this software and training so I was prime. I thought the product had merit and I wanted further education in trading so I plunked down $399 not just the $199. I did this because I was told I would receive all $399 back as a credit from further courses purchased. What they failed to tell me was that this discount was available only if I purchased the $15990 worth of continuing education at the “professional” level package. This fact was stated in print so small at the bottom of a faded photocopied coupon that I received only after I had paid this fee. The print mind you was so small I needed magnifying reading glasses to discern it. A classic case of the LARGE print givith the small print takeith away. OK already I should be warned a company playing games with small print in an offering. “WARNING” “WARNING” “DANGER” Will Robinson “DANGER.” But I still wanted to believe so I attended the three day seminar.

Day one of the three day training arrives. Its contents is TOTAL SALES PITCH on TMTT and why I can’t let people stomp on my dreams about taking their classes when I leave. The trading education content covered that day could not have amounted to more than one hour of actual factual instructional content. The actual manner in which it was presented also was so disjunct that the notes afterwards are going to be of little value. I was a good student in collage. I have earned two degrees. I know how to take notes. The speaker jumped around so much it seemed almost intentional. The speaker gave you a brief overview of concepts but if you were looking to take away any actual techniques, Forget it. Glimmering generalities dressed up like Christmas is what was presented. God forgive if you should ask an intelligent question as these were summarily dismissed as distracting from the point of making money and of no value to the average student attending.

Day two was better. There was more content less selling of TMTT but still the instructor is all over the map. Jumping forward and backward around topics never really finishing anything before starting a new topic then only to return to his prior point. You can toss the work book they give you as it is not followed THIS METHOD SEEMED ALMOST PURPOSEFUL and carefully orchestrated. These guys are not DUMB. They know how to play an audience giving you just enough to want and need more.

The kicker came on day three when they start to go over covered calls. The important stuff one came to hear about. This is when they then start to call you to the back of the room to hard sell you one at time to buy their training. Training which runs on average over $5000 a pop for three day events. So imagine my frustration when I am now pulled away from hearing some actual content which I paid good money to hear. I am now faced with a salesman hard selling me. He is telling me I need to sign today! as the price will go up if I don’t sign now. Talk about hard sell. He actually got insulting when I questioned why a price would change if I actually took my time to think about it. I bought nothing.

A week later they were back on the phone to me with another hard sell of a “better”, cheeper program for me. One they offer to only a elite few select canadates selected from the attendings.

To conclude: Throughout these programs I was presented with speakers claiming to make HUGE daily profits in the markets. Speakers claiming wealth in the multi millions. Speakers telling me that this system is so good and so easy that all I have to do is be dedicated and believe to succeed. Riddle me this Bat Man. Why if this is so easy is this cast of charters on the road with this dog and pony show, living out of suite cases, in a different city each week as apposed to sitting at home trading and counting their doe ray me? IF you believe them it is because they love to teach and want to give back, and yes, they say that with a straight face. This is my first hand experience after plunking down my $399 with TMTT. Yes, this was one of those “Life enrichment experiences” making one a little wiser for next time. Luckily it only cost me $399. I feel for the those whose noses did not detect the aroma of decaying bio-mass sooner and plunked down more.

i’ve considered buying the Trade Center software, but now you mention more software that “helps find stocks that look like good trading candidates”.

i was left with the impression that the Trade Center software ($199.00 for it and the 3 day training session) did that.

further investigation mentions their software called trade seeker. would that be the software?

pls elaborate on these 2 programs.

thanks. terry

– Mark

For those of you who are looking for a REAL PERSON with REAL FIRST-HAND experience, I am your inside man. I’ve started a blog (http://taocode.blogspot.com/) specifically and exclusively for giving a detailed account of my experience with TMTT, including detailed, relevant information. If, in fact, what Teach Me To Trade has to offer is complete crap, and I lose all my money, especially the money I’ve paid to EduTrades for my “education”, you’ll know it along with the rest of the world.

I started the blog because, while attending the 3 day seminar, I searched the internet for information on EduTrades/Teach Me To Trade and I couldn’t find any worthwhile first-hand accounts. Yes, I did find some very authoritative, vehement “reviews” of TMTT, however upon further inspection, all the complaints were not from first-hand accounts and were invariably to push their own no-risk get-rich-quick scam. If that ain’t the pot calling the kettle black, I don’t know what is.

I hope you and others find my blog useful in aiding your decision-making relative to what Teach Me To Trade offers. My blog is located here: http://taocode.blogspot.com/.

Mark
taocode@gmail.com

i am not sure why i got interested in trading but i got one of those practice accounts. i failed miserably thus confirming the legalized gambling view, then i took a course from fxcm.com it was actually one segment of the course on the RSI indicator and it was free. from there i went on to make make 20 sucessfull trades in a row. ok Mr. Cocky let’s take the rest of the course before laying any money on the line. the course was about $400 but if u got half way thru it and was not sure about it u could retake it or cancel. i did learn a lot of the basics. and currently have my course status on hold. I was doing better than the instructors and i could not figure out why. i actually picked the bottom of the euro/usd market and should have gone all-in as they saying in texas holdem , but i was in dissagreement with my instuctors so i waited. damn it i missed turning 1000 in to 40k . my instructor wanted to know why i was so succuessfull in my practice trading. i told them that i treated it like my own money and only risked what i would have for real. and i use my “gut”. they said as u prceed thru the course that they would try to get me out of the gut phase. good luck cause after all the analysis it comes down to do u “trust” it completely.

2 things about trading above all esle .

1. patience — if u dont have it dont play it
practice alot

2. start small — that is what i like about the forex . u can start with a lot less money than stocks. and there is quite a bit of movement most trading days which btw is 24/7 except between 500 pm est fri to about 200 pm sun.

also do some checking in the forex broker area cuz different brokers have different spreads on the bid/ask (where the make there money) and make sure they are streaming real time quotes. yes folks there are some that dont. email ur success/horror stories to me at
puss_n_boots_owner@yahoo.com

* “The presentation is a hard-sell gig for their software (The Trade Center) and 2 books of about 120 pages each. The cost was $199.” I’ve sat in on a similar free presentation/hard sell once for a friend who thought she won a free vacation. They don’t force you to buy anything, but if you don’t, it’s a waste of time.

* “You are also automatically signed up to the live feed of stock market information, including historical information. The cost for this service is $40.00 per month.” Automatically signed up for a monthly service with a monthly charge in addition to the $200 fee?

Just because something is a scam doesn’t automatically mean that no one will find it worthwhile. Alternatively, your library has tons of great resources on investing and there are lots of stock screeners online… Problem is, you have to do the work of researching and vetting information.

$200 isn’t that much of a monetary “investment” in the program if you have nothing better to do with your time, though, so go for it.