This post is intended to warn people about PremiereTrade. This is another company that is not being honest about who they say they are, who really owns and controls them, as I will demonstrate with some email content. The following describes the problems I have had with PremiereTrade as well as some good.
PremiereTrade is a company out of Altamonte Springs, Florida who markets software, books, magazines, stock market trading information and alerts services. They say is it owned buy James Dicks, who was the founder of 4X Made Easy at Globaltec but I am not too sure that is true.
I first heard about PremiereTrade when I attended one of their free classes on Forex. The class was taught by Scott Norris, who is an excellent instructor, and appears to know what he is doing. He demonstrated that trading the Forex market involved more than a software program using red and green arrows of buying and selling pressure in the market. He showed how it is critical to know how to to read charts accurately and predict trends, how to find support and resistance, and how to predict trends as well as all kinds of other factors related to trends.
At that class I signed up for a trial of Premieretrade's alerts service for the Forex market. I had some problems with figuring out how to make that work and they did give me a 2nd. Month free. After that my trading partner got the service for a month free so we could evaluate it. That evaluation showed that their trading teams were able to make positive trades however something stood out. During the period of June through Dec the 4X ME team lost a lot of pips over all and their PremiereTrade team gained a lot of pips in their alerts. They had other trading styles or teams that made pips during this time period also. I don't know if this was a deliberate act to sabotage 4X Made Easy, and promote their service or not, but I suspect the latter.
Next I bought a DVD training program they promoted for $299.00. I ordered it and it was supposed to have been delivered by a certain date but was actually delivered approximately a month later. I tried to cancel the order, when it was late, but they would not let me.
I received a copy of James Dick's book: Forex Made Easy, 6 ways to trade the dollar.in reading that book I found a major mistake on page 65. On page 65 he says that descending triangles are bullish patterns that indicate that buyers are accumulating the currency pair and it could break out to higher prices in the short term. That stood out like a sore thumb to an amature like myself because on page 63 he had just said that was true for an ascending triangle. I called PremiereTrade and somebody there confirmed it was a mistake. Consequently I lost interest in reading the book and have never finished it.
I got a subscription to James Dicks The Active Investor magazine. I noticed the ads in it for 4X Made Easy and PremiereTrade, and also the websites, for each looked very much alike. So much alike I suspected they were one and the same company. I called and asked but was told no that was not true, but they couldn't, or wouldn't, answer why they were so much alike.
What is strange is that in all the classes I have attended by PremiereTrade they bad mouth programs that use red and green arrows to tell when to make a trade, one in particular, that being 4X Made Easy. Other programs use them but with other indicators to confirm the trade is good or not based on more than buying and selling pressure only which is all 4X Made Easy does.
PremiereTradeAI is their software program for evaluating Stocks, Options, Mutual Funds and Forex. It is a program that, if they get it competed, and it ever does what they say it does, correctly, will be a great program. However it is nowhere near that quality yet. As yet they don't have a search capability to find trades that meet criteria for good trades. Other programs such as Invest Tools, Teach Me To Trade, Star Trader and others do have. Globaltecs programs have accessory programs such as Tracker, Finder (s) but at an additional high monthly cost.
The program is, in my opinion, poorly designed in that simple changes to make the charts and graphs as large as possible to aid the trader to read them easily would make all the difference. Having to switch back and forth between two modes is simply needless and stupid. There is plenty of room to put all the buttons on the bottom of the screen by simply making them smaller and arranging them correctly. The trade window is also designed that way with huge buttons and a small graph but could be great if redesigned.
The issue of support is critical to this discussion. Literally speaking there is none if you happen to question them and they get pissed off at you. I got incorrect answers and Smart Alex responses when I tried to point them out. Of course that led me to get just a little pissed myself.in the end I have been black listed and should not even be in the class as stated by Kacey Plaisance in Aussie Rob's Stocks and Options Training class in Glendale July 30 which I was asked to leave if I was going to continue asking pointed questions about the software and PremiereTrades business practices. They can't stand the heat is the simple answer. When you ask serious questions that question their integrity they get very very nervous. Well I wonder if they will get nervous over this post. I have told no lies of any kind. This has been my experience with this company.
I have been lied to about all kind of things. From the incorrect answers to questions, the shipping of the DVD's to my most current problem getting my refund from them that took almost 2 months, and more. I recently went to a 4X Made Easy class where the instructor told me more disturbing information about all these companies. Below are the emails verbatim.
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Date: Fri, 8 Jul 03:53: 46 -0700 (PDT)
From: "Dave C" View Contact Details
Subject: PremiereTradeAI
To: paulatkins
Hi Paul,
I was in your class Thursday in Garden Grove. I asked a lot of questions some which you might have thought stupid and some I had the impression you thought were good.
A major question I would like you to confirm one more time is: Is PremiereTradeAI (James Dicks's Investment program) really owned by GlobalTec or its parent company.in as much as Mike Stewart told me in an email that he was leaving GlobalTec to work for PremiereTrade, in July, yet you said it was a moot point since it was all owned by GlobalTec. Who does own PremiereTrade?
It was refreshing to hear you say what you did about the 4X ME program and its features. I have run into nothing but problems getting the progrom to make sense, get any level of technical or customer support. I don't know how you can advocate it at all but that is your business. I have told Mike the same thing but at least I don't have the opinion you lied about anything and in fact were very frank about the shortcomings of it.
Do you not use more than this program to trade the 4X market? Since all it is is buying and selling pressure indications I don't believe it is reliable to do serious trading. Even if used in conjunction with news events etc... I don't think it is enough. None of the investment software or websites I have
looked at since last September remotely advocate it would be enough.
Thanks...
Dave C
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From: "Paul Atkins" Add to Address Book
To:
Subject: RE: PremiereTradeAI
Date: Fri, 08 Jul 13:15: 00 -0700
Hi Dave!
Premieretrade IS owned by GlobalTec's parent company. We are all in the same boat. Mike Stewart may well be doing the same thing for the Premieretrade products soon; that may be why he said what he said.
I use only 4XME to trade the forex market. So do many successful people I know. I find that it is enough. I just don't get hung up on what it CAN'T do and I focus instead on what it CAN do. It works for me. And for Willie. And for Ginger (besdie Willie). And for Mona. And for... The list goes on. Of course, it also doesn't work for lots of people; but I find that is because they don't take the time to learn it.
Good to see you again.
Happy trading!
Paul
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I had some other discussions with Paul, in emails that are too lengthy, but a point he made, that I find simply incredible to believe, is that he gets paid only $650 to teach the one day 4X Made Easy class and pays his own travel expenses.
PremiereTrade does have some great classes, instructors, and smart people working for them, but if I am right I don't know why they do. I hope they are not part of the scam but it appears to me they are.
Like I said in my post about Globaltec, try the programs, if for no other reason than to get the free training, but don't keep any of them. Write them a check and then stop payment on it so you don't have a problem getting a timely refund. Learn how to trade using charts that are available free. However, again I will say, if PremiereTrade (or whoever) does manage to get the program to do what they are saying it will, it will be, in my opinion, worth the $3,000 price tag.
In the end I have found companies that operate out of Florida, Utah, Nevada, and a couple of others, are scams when they come to promote their programs in California. I got scammed by a company named Home Business Group, the worst, a few years ago for about $12,000. I tried to get in the prepaid phone card business with a company out of Florida. These are mostly bait and switch or out and out lies. The only one I found to be completely honest, at least initially, is Russ Whitney who promotes Teach Me To Trade and Star Trader. They told me up front they were promoting a training program that would be expensive and were giving me a 3 day class for $99 to get me exposed and interested. They said they know that more than enough people will sign up for the advanced training they can afford to do it that way. I have no problem with a company like that who tells me I can't expect to do this cheaply but is willing to show me why.
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