These rip-off artists set up shop at various hotel locations and advertise their workshops on TV to draw new sheep to the slaughter. It starts out as a 3-day seminar for $180.00 and they have you believing any knucklehead can make a killing in the stock market if they pay TeachMeToTrade to show them. I unwittingly took the bait and paid $17,000. Ouch! That's right, $17,000. I was told that it was much less than the cost of a college education and would pay for itself many times over for the rest of my life. It also was tax deductible because it was an educational expense.
I signed up for two mentoring programs and attended a 3-day seminar (Master Trader) in Chicago. The Master Trader course was pedestrian. One of my mentors was actually helpful and I think she really had a sincere desire to see me succeed. The other mentor was bored out of his mind and taught me very little. I had paid to attend one more course in the program but didn't see the point of spending more to attend an out-of-town seminar when I no longer believed in the overall program.
These people prey on people's dreams, fill their heads with promises and unrealistic expectations and then sic slick high-pressured sales people in on them to make the kill.innocent and decent people will tell themselves I've got to go after my dream. TeachMeToTrade might be my last chance. Don't do it. These people will let you down and the price tag is hefty.
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