Global Trader

[boffin125105]

Re: The Global Trader

Thanks for the advice Gillie, I have just spoken with Mark Power, the SA one not the WA one and he confirms that he has provided Global Trader with a AFSL. He said he has to keep an eye on them as it is his rep on the line if they do something unto wart. I will see how the demo goes and then ask for a free trial and some details of someone already using the system and see what response I get.

 

[boffin125105]

Re: The Global Trader

Can you explain what you mean by ponzie scheme and cough scheme, might be the other Mark Power you have heard about?

 

[NeuromanceR]

Re: The Global Trader

Can you explain what you mean by ponzie scheme and cough scheme

Funniest thing I've read this week.

 

[wayneL]

Re: The Global Trader

...if they do something unto wart.

You owe me one keyboard... I just laughed coffee through my nose!

 

[daveM]

Re: The Global Trader

Hi. I purchased the package twelve months ago..
Global Trader is very proffesional with great backup..
the software is very easy to drive after establishing certain systems and criteria.

I assume you would be able to validate your statements.......?????????

 

[Kash Kosmo]

Re: The Global Trader

This company has been ringing me to join them since 2007 without luck
The company is based on the Gold Coast QLD
It is called Principle Investments
It is sold as 1) Global Trading Teaching School 2) Easy Trader (the software)

Finally half relented to the teaching
I will give the free lesson a go in a few days

I will be asking these questions
1) Regarding Teaching
Do you teach me * How markets work, * Indicators, * Multiple Trading formats
2) Is it a single & comprehensive Rule trading system
3) Do they use & trade with this system themselves & do they publish the results

Other valid questions that :bite: would be welcome ?

KK

 

[Kash Kosmo]

Re: The Global Trader

OK Demo of Global Trader completed

Its an analytical computer stock picking system
Cost see attached photo Note + GST 10%

Are there any other programs that do the same thing that is more reasonably priced

Or is it better to take my time and learn a bit more than my current basic knowledge about stocks and do it the old fashioned way and learn to read & use charts & gut feeling

KK

 

[investorpaul]

Re: The Global Trader

OK Demo of Global Trader completed

Its an analytical computer stock picking system
Cost see attached photo Note + GST 10%

Are there any other programs that do the same thing that is more reasonably priced

Or is it better to take my time and learn a bit more than my current basic knowledge about stocks and do it the old fashioned way and learn to read & use charts & gut feeling

KK

Dont even touch it. Run as fast as you can in the opposite direction!

 

[skyQuake]

Re: The Global Trader

Would someone really sell their hand of midas or guard it jealously from outside eyes? Eg Goldman's leaked algo.

If its just basic education you can get that for FREE on the web.

 

[Kash Kosmo]

Re: The Global Trader

Dont even touch it. Run as fast as you can in the opposite direction!

Many thanks Paul
I am not in the least bit interested just thought the post would be interesting and informative to others

I just visited the shop on this forum & found some interesting stuff to browse through

Books, Software ect

KK

 

[Gillie]

Re: The Global Trader

Can you explain what you mean by ponzie scheme and cough scheme, might be the other Mark Power you have heard about?

Sorry been away for a while...

I think Wikipedia sums it up:

http://en.wikipedia.org/wiki/Ponzi_scheme

OMG.... "Cough - Scheme" is a paused statement, please read between the lines...

 

[blazer121]

Re: The Global Trader

Hi all,

I am a beginner when it comes to actively trading stocks or day trading, but I have a high level of experience in the financial industry.

I have been contacted by a salesman and I did the demonstration out of interest more so than looking at purchasing the software/training.

The software appears to search the live market based on the parameters / strategy you set-up with the trainer. Then you can select shares to buy / sell and it recommends which shares in priority order and volume. I do like how the software has a live-simulation that allows you to practice your strategy and see how it works in the real world. As I have never been an active trader or looked at other software I cannot comment on how this is better or worse than any other software

When speaking to the salesman they kept referring back that on average using this software will generate the average trader 3% to 5% per week from just 10 minutes a day. Then they kept comparing my current investments vs earning 156% pa with their software (easy sell if true). They also claimed their average customers still made a profit during the GFC

I have decided not to go ahead with this software. For the following reasons.

- I have little experience with actively trading on the share market and would prefer to gain more experience / education before investing in any software.

- They are trying to sell the product with from my experience in the finance industry with highly unrealistic share returns

- Their demonstration gives little information about how it works, they are unable to give me more detailed information or real life client examples

- They seemed to have moved around with different companies holding their AFSL. Which puts me off

This is just my opinion on this software based on what I have seen in the demonstration and speaking to the salesman

 

[Kash Kosmo]

Re: The Global Trader

I rejected Global Trader for similar reasons you give above plus the cost is way over the top

I also looked into Share Trader and although I like it better I am still unsure
Its hard at the beginning

I will probably subscribe to a newsletter like the chartist just to get a feel for the market

KK

 

[blazer121]

Re: The Global Trader

I rejected Global Trader for similar reasons you give above plus the cost is way over the top

I also looked into Share Trader and although I like it better I am still unsure
Its hard at the beginning

I will probably subscribe to a newsletter like the chartist just to get a feel for the market

KK

The asx website has some handy guides for beginners and I am the same looking at subscribing to online newsletter or magazine and getting in the market and educating myself for a while longer before looking into software

 

[TweedTrier]

Re: The Global Trader

whats happened?
Was interested in this topic and we get to November 2009 and it just stops.

For info I bought the package about 18 months ago and went through the training. Was happy with everything, had around 2 to 3 sessions a week for around 1/2 hour with guy in Perth and was then graduated onto Alan who lived out at Kouralbyn Valley. He was supposed to be the Head Trainer and I was supposed to be priveliged to get him. He was a bit too quick for me and only seemed interested in getting the lessons over with and cutting me loose.

By then the GFC had hit so I paper traded. Then I was contacted by their office and was offered some more training and advice which I accepted.

I then entered the market live in September last year and had limited success trading CFD's until it started to go a little sour and stopped trading end Octber then and went back to paper trading except for a short re-enter in December Jan.

Still getting daily updates and running a virtual account waiting for things to start working again

Found this Forum after I looked for info on "Wealth Fx" found a forum on them and saw the name Alan Foulkes and realised there is a connection to Global Trader (though I believe he is no longer a trainer there)

Wish I had had done this homework before I bought in but really beleive their product and training was ok , I just picked the wrong time to start. Didn't do any harm to my Super though as I got it out before the crash and started my own self managed fund

 

[shevang]

Re: The Global Trader

STAY AWAY FROM GLOBAL TRADER (DATA8 AUSTRALIA)

We purchased their share trading software programme and training system on 10 October 2007 which came with a 12 month money back guarantee.

We initially requested a refund on 23 July 2008 as the program was not giving the trading results the sales team indicated it would. Our training had been sporadic and after 9 months our training still had not completed and we still did not have a system to start trading. We were not confident with the product or the service (lack of) received and therefore requested to refund, under the 12 month money back guarantee.

After numerous emails and phone calls with the refund team and even the CEO, they still would not process our refund, saying we weren’t eligible as we had not completed our training and left gaps in between contact with our trainer… which was precisely our point as well – our trainer was no where to be found half way through training – we still do not know what happened to him or if he still works for Global Trader (Data8)!

The system still does not show results averaging 10% per month (as per the guarantee).

We still do not have a profitable plan that we can paper trade. We have not been requested to complete the training questionnaire, nor has (one off) our trainers signed off from our training - one of the points indicated by Shamus Bradley as to why we were ineligible for the refund.

We cannot move onto the trading guarantee as the training we have had, has not provided us with a plan we can trust nor results to confirm how “great” the Global Trader software is (as indicated by Shamus Bradley in October 2008).

This time we kept file notes showing all contact with Global Trader.

We again request that Global Trader refund our purchase price of $9,790 immediately.

The promises made by the sales representative Ben Samuel, the 5+ trainers we have had and Shamus Bradley have not been met and we simply ask that the integrity of the company be shown and the money back guarantee advertised be fulfilled, simply and with finality.

We are taking this further!!!

 

[JEN]

Re: The Global Trader

In my opinion - if you are a real novice, then you don't yet have a critical eye required to evaluate any kind of education / advice. In which case it's better to stay away until you're able to recognise what it is your purchasing.

They could be great or they could be garbage but the point is you probably won't be able to tell - no disrespect of course.

Well, no disrespect BUT I get very frustrated with responses like this. these sort of questions from those of us who ACKNOWLEDGE openly that we are novices is just rude. Telling us to go away and not come back til we are experts but offering no suggestions as to how to gain knowledge. Weren't you a novice once? Maybe you were born into a privaleged elite who had trading in the family and you were groomed from birth. But the rest of us have to start somewhere.

If you have nothing constructive to offer then please don't respond at all - there is no need for such rudeness and its against the posting guidelines.

 

[professor_frink]

Re: The Global Trader

Well, no disrespect BUT I get very frustrated with responses like this. these sort of questions from those of us who ACKNOWLEDGE openly that we are novices is just rude. Telling us to go away and not come back til we are experts but offering no suggestions as to how to gain knowledge. Weren't you a novice once? Maybe you were born into a privaleged elite who had trading in the family and you were groomed from birth. But the rest of us have to start somewhere.

If you have nothing constructive to offer then please don't respond at all - there is no need for such rudeness and its against the posting guidelines.

Hi JEN,

here are a couple of links to get you started on educating yourself:

http://www.cmegroup.com/tools-information/index.html

http://www.cmegroup.com/education/index.html#

https://www.aussiestockforums.com/forums/showthread.php?t=4122

https://www.aussiestockforums.com/forums/showthread.php?t=3751

https://www.aussiestockforums.com/forums/showthread.php?t=5308

 

[Thunder00]

Re: The Global Trader

This company has been ringing me to join them since 2007 without luck
The company is based on the Gold Coast QLD
It is called Principle Investments
It is sold as 1) Global Trading Teaching School 2) Easy Trader (the software)

Finally half relented to the teaching
I will give the free lesson a go in a few days

I will be asking these questions
1) Regarding Teaching
Do you teach me * How markets work, * Indicators, * Multiple Trading formats
2) Is it a single & comprehensive Rule trading system
3) Do they use & trade with this system themselves & do they publish the results

Other valid questions that :bite: would be welcome ?

KK

if you Google: "global trader technologies" the first result you get is: GLOBAL TRADER - HOME which has the link to www globaltradertech com au (that is not accessible unless you have a password.) if you read the first 2 lines shown in this google research it says: "Global Trader Technologies has a wide variety of products and services suited to everybody from "Mum & Dad investors" right up to "Professional Traders".... the same sentence is shown on the "Global Trading School" web site www globaltradingschool com
You can compare also the 4th results on google with the "Global Trading School" web site on "Our Education and Trading". Same wording again. The Global Trading School is: "Principal Investments (Australia) P/L trading as Global Trading School, a corporate Authorised representative n. 331706 of MARK POWER FINANCIAL P/L n. 332428 BUT the licensee actually ceased as representative on the 31/05/2010!! Global Trading School you need to update your web site or get a new licence??

 

[Thunder00]

Re: The Global Trader

if you Google: "global trader technologies" the first result you get is: GLOBAL TRADER - HOME which has the link to www globaltradertech com au (that is not accessible unless you have a password.) if you read the first 2 lines shown in this google research it says: "Global Trader Technologies has a wide variety of products and services suited to everybody from "Mum & Dad investors" right up to "Professional Traders".... the same sentence is shown on the "Global Trading School" web site www globaltradingschool com
You can compare also the 4th results on google with the "Global Trading School" web site on "Our Education and Trading". Same wording again. The Global Trading School is: "Principal Investments (Australia) P/L trading as Global Trading School, a corporate Authorised representative n. 331706 of MARK POWER FINANCIAL P/L n. 332428 BUT the licensee actually ceased as representative on the 31/05/2010!! Global Trading School you need to update your web site or get a new licence??

AMAZING! they have now updated ALL the websites! good on you!
so if you do the same research now, it doesn't show those references anymore for Google, the "new" global trading school website shows a new cute testimonial, and the old global trader tech web site is disappeared..(?), that's why you always have to save printed copies of those pages just in case..for future references..