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Question about SchoolOfTrade.com

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HI GotItForCheap,
Thanks for your comments and link to my video. At this point I have not found any other futures trading methods, have to say I am not really looking for any either. I am a software engineer by trade which led me first of all to Ninja Trader. It looked like an interesting platform for developing automated trading systems. Unfortunately a Link with Ninja Trader and the broker I signed up with , namely Mirus Futures, led me directly into the hands of JJ and the schooloftrade.com who were promoted as an educator on the broker website.

GotItForCheap said:
Thanks for the video and review Lloyd and I am sorry for the loss you have experienced with this guy - for anyone else interested the video slideshow and secrets to SchoolOfTrades fictional success is linked below:

\2had to remove this link as I do not have 5 posts yet:banghead:

It makes complete sense to me that the only way this guy is getting filled instantly is using simulation. The homework you have done looking at the order screen really shows this.

What a scammer! :mad::mad:

NB. Have you yet identified a futures daytrading method thats working for you?
Click to expand...
 
Check out Series 2 of my video on You Tube, please search for JamesWaveS2, regards
Lloyd Hopkins
 
Greetings Everyone, I saw this post and wanted to provide some feedback as well.

I joined about a year and a half ago, and although one individual on this thread had a bad experience, my experience has been nothing but amazing.

I found JJ to be the best educator i'd ever seen, and he really worked his butt off to help me learn what I needed to get started.

It took me 3 weeks on a simulator to get the basic patterns down, I focused on the Wave Pattern on the currencies, and I started with 1 contract fairly easily.

I was given the specific 1-contract strategy and it worked really well to get me going, making a little money each day, but preparing me for a larger trade size in the future.

The whole process has been a great experience. I earn about $400 per day right now on 4 lots, and even though it required hard work, and maybe im a quick learner, but this has provided me the time I needed to coach my kids, and im very great full to the whole group at SchoolOftrade.com

I think the free trial is worth the $3,000 he charges for membership, he should charge a lot more for the time he gives his clients, and my returns have paid this many times over.

Id love to provide more feedback if you need, and if youre reading this post, I would recommend you give the free trial a chance, its well worth your time.

god bless
 
BWeiss1985 said:
Greetings Everyone, I saw this post and wanted to provide some feedback as well.

I joined about a year and a half ago, and although one individual on this thread had a bad experience, my experience has been nothing but amazing.

I found JJ to be the best educator i'd ever seen, and he really worked his butt off to help me learn what I needed to get started.

It took me 3 weeks on a simulator to get the basic patterns down, I focused on the Wave Pattern on the currencies, and I started with 1 contract fairly easily.

I was given the specific 1-contract strategy and it worked really well to get me going, making a little money each day, but preparing me for a larger trade size in the future.

The whole process has been a great experience. I earn about $400 per day right now on 4 lots, and even though it required hard work, and maybe im a quick learner, but this has provided me the time I needed to coach my kids, and im very great full to the whole group at SchoolOftrade.com

I think the free trial is worth the $3,000 he charges for membership, he should charge a lot more for the time he gives his clients, and my returns have paid this many times over.

Id love to provide more feedback if you need, and if youre reading this post, I would recommend you give the free trial a chance, its well worth your time.

god bless
Click to expand...

After some simple detective work I can confirm that this post is spam from the owner of SchoolOfTrade.com who has decided to pose as a satisfied customer in an attempt to counter negative feedback.

Unfortunately, we see this kind of dishonesty all too frequently here at ASF and have decided that when we can confirm an instance of blatant deception such as this one, we will make it public for the benefit of those reading this thread.
 
Joe Blow said:
After some simple detective work I can confirm that this post is spam from the owner of SchoolOfTrade.com who has decided to pose as a satisfied customer in an attempt to counter negative feedback.

Unfortunately, we see this kind of dishonesty all too frequently here at ASF and have decided that when we can confirm an instance of blatant deception such as this one, we will make it public for the benefit of those reading this thread.
Click to expand...


Yep , well that kind of fraudulent and dishonest behaviour just gives me a big STAY AWAY signal .

Obviously there product is designed to trick and decieve people if they have to try and stoop this low to market the crap.
 
Joe Blow said:
After some simple detective work I can confirm that this post is spam from the owner of SchoolOfTrade.com who has decided to pose as a satisfied customer in an attempt to counter negative feedback.

Unfortunately, we see this kind of dishonesty all too frequently here at ASF and have decided that when we can confirm an instance of blatant deception such as this one, we will make it public for the benefit of those reading this thread.
Click to expand...

Well done Joe, this thread is already high up in the list for anyone who googles SchoolOfTrade.com :)
 
Joe Blow said:
After some simple detective work I can confirm that this post is spam from the owner of SchoolOfTrade.com who has decided to pose as a satisfied customer in an attempt to counter negative feedback.

Unfortunately, we see this kind of dishonesty all too frequently here at ASF and have decided that when we can confirm an instance of blatant deception such as this one, we will make it public for the benefit of those reading this thread.
Click to expand...

What is with doing something like this?

Surely the managing director would reveal who he/she is and then provide a critique of the strengths and benefits of the using their trading system or whatever it might be that they are flogging.

If they are operating under an AFSL then what are their responsibilities re representation on the internet?

Now they have blown any credibility they might have had in one foul swoop.

Well done Joe and mods. The internet can be a minefield for the naive.
 
While I am countering JJs (INVALID) claims to You Tube that my video is infringing his copyright anyone interested in viewing my story can watch it on dailymotion.com

best regards
Lloyd Hopkins

LloydH said:
Check out Series 2 of my video on You Tube, please search for JamesWaveS2, regards
Lloyd Hopkins
Click to expand...
 
You Tube have re-instated my video now, please visit my channel called "MrLbhopkins" where the video and my blog can be accessed

regards
Lloyd
 
LloydH said:
My video can be accessed directly here : http://www.youtube.com/watch?v=jxFRI-j4SX4
Click to expand...


Lloyd, surely they would have mentioned who their brokerage firm is? If not, some sleuthing could turn up the name of their broker. As a business they should be obliged to reveal this information anyway.

Oh and in my attempt to stop the pandemic of misspelling the word "lose".
Loose (two o's) relates to tight. Lose (one o) relates to win. :)

Hope you get all the facts with this companies (supposed) live trading scenario sorted out.
 
Hi Wysiwyg,

Thanks , I had already spotted and corrected that spelling mistake actually, looks like I have been handing out the old You Tube link! so many thanks for spotting and pointing this one out to me. Here is the correct video link http://www.youtube.com/watch?v=7s_Pz3p-EhE

regards
Lloyd


Wysiwyg said:
Lloyd, surely they would have mentioned who their brokerage firm is? If not, some sleuthing could turn up the name of their broker. As a business they should be obliged to reveal this information anyway.

Oh and in my attempt to stop the pandemic of misspelling the word "lose".
Loose (two o's) relates to tight. Lose (one o) relates to win. :)

Hope you get all the facts with this companies (supposed) live trading scenario sorted out.
Click to expand...
 
You could contact their broker and explain that you are not seeing the same trade data as proposed by the "live trading room". Directing investigative work toward the fact whether they are trading live or on a Simulator would settle the issue for good. That is the approach I would take because I don't beat around the bush if someone is ripping people (or me) off. Anything else is a waste of your time.
 
Hi Wysiwyg,

I think the proof is conclusive, there is NO doubt whatsoever what is going on with schooloftrade, they trade in SIM mode. Their broker of choice was Mirus Futures, who incidentally have since cut any ties with SOT and removed their listing from the Mirus Futures website.

Mirus Futures did make some comments in response to this case which can be viewed on T2W if you are interested, link here http://www.trade2win.com/boards/day-trading-scalping/88014-schooloftrade-james-wave.html

I have to say my experience of Mirus Futures as a broker has been ok, the Zen-Fire systems they use are very good and proving to have a fast and reliable service.
 
Hi Lloyd,

Nice video. I honestly can feel your pain. I went through the same thing with Traders International. Both TI and School of trade have things in common - both trade in sim, both are a waste of money and both are full of cr@p. Keep up your fight and don't let them get away with it. Best of luck.
 
Thanks for this thread.
I saw SchoolofTrade on Youtube.
First thing I thought was the best traders will make losses. Where are theirs?

And the second thing was; what is all this funny terminology for such simple indicators and why is everything made more complex than it's supposed to be??

Then I did some research and found ... ah yes ... it's too good to be true.
 

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