I had already decided that I was going to attend some formal forex course to help me with my personal Forex Trading Journey when I went along to one of Knowledge to Actions (K2A) 2 hour free seminar in Cambridge at the end of January 2010.
First impressions was that this was a sales pitch and nothing else; the guys were dressed in poorly tailored suits which didn’t go to meet peoples expectations that we would meet successful traders earning a mint. Of course since realised you can be trading very well and not be earning fortunes, but the first impression in any case was what I or the other 20 or so people expected.
The guy (Paul I think his name was), did a relatively good job explaining the forex market and it was possible to make money from the market. He handled the usual questions on “this can’t be true”, “this is gambling”, if you are a successful trader why are you doing this” quite well. He did boast a little too much on how his 12 year old daughter trades and how he likes to take his family out for a £500 meal and likes to have his suits made whilst being served coffee.
At the end of the seminar in which he gave no real idea as to what strategies one would follow to make money they came out with sell. For £2000 + vat (disc from £3000) you’d get a 2 day Forex Training course, 3 coaching sessions of 30mins each and a Greg Secker DVD set. I had money that I had to use for retraining (any nothing else) so I went for it.
2 Day Forex Seminar
The 2 day seminar at their place in Fulham was interesting. The course was packed with 30 other people and we were all given a manual which contained 3 of Greg Seckers strategies that he teaches on the course. 1 for end of day and 2 intra day.
The Good bits :
- The instructor was laid back, fun, interesting and had a few of trading ideas over and above the ones in the manual
- The course went from “this is a candle” level to brief mentions of Fibonacci
- Relaxed and motivating atmosphere
- Easy to follow step by step guide as to how to implement each strategy
- Good overviews of the forex market and how it works
The Could do better bits :
- No food given !!! For £1000 /day per person you think they could stretch to a sandwich!
- Because it starts from basic principles it can be slow for some people, but then moves quite quickly during the day leaving the slower ones behind.
- There is nothing in the course that you cannot read in a few £20 books and read for free on the internet
- It is overpriced. It is priced at this level, in my view as people must think “if its this much; it must be good”. I have since seen similar courses for a less than half what K2A charge.
Finally; if you have the spare money for training from redundancy like I did look good and hard at the other options. If not, you can DIY by reading and finding some top up courses elsewhere that can really get you moving intpo trading. For me, K2A, even though was not value for money, it got me going.
2 Day Forex bootcamp
This was promised as a chance to trade “live” with 15 other people and a lead trader for 2 days and 9 more coaching sessions. Here you would put into practice what you had learnt on the 2 day Forex course. I went on this in April 2010 and it cost another £3000 (used up the last of my training allowance from my old employer – had to by July 2010). For me this was the biggest disappointment bordering on farce.
The Good bits
- Met some other people who seemed serious about trading full time forex
- Found a good Brazilian cafe that served superb Caipirinha’s!
The Could Do Better :
- Be prepared – the coaches didn’t really have much of an agenda or seemed organised to handle the event
- The internet didn’t work for the 1st half of day 1
- Still no food!
- We didn’t start until 0700 so a lot of market had moved by the time we all got online by 0730 ish
- Out of 2 days there was 1 trade (that was a discretionary trade) that made money – not 1 of the strategies taught on the course were taken by “professional” traders which left all of us a little confused
This was a no brainer piece of advice for me – don’t waste your money. If you look hard enough around London area you can find the same thing for a lot less.
They also try to sell you eSignal for $100/month and tell you without this you won’t have an edge. In my opinion this is a disgrace – I was the only person not using eSignal so I imagine how much the kick back was to K2A for those referrals.
In summary I am more convinced that Greg Secker makes more money from training that he does from trading as do his coaches. Have not seen or heard anything since to make me think otherwise. I am sure these guys trade and maybe some of them trade successfully, they talk a good game, just something in me isn’t 100% convinced of them as I am of what they sell.
You will not be consistently profitable when you finish the course and probably not after spending £’00′s on coaching. It’s a time thing which I am still going thru.
I am still doing the coaching sessions with my coach – I’ll give a final review on these sessions when I have finished them.
Jimmy
Hi Jimmy, thanks for the post. I am from Singapore and I am an attendees of Greg’s Ultimate Forex training program too, today will be the 2nd day training. I am intended to sign for the bootcamp as they claim their 1st day target is to get back what we have invested into the course – $3995. That’s what attracted me, but luckily I found out your post. I am really curious how they can earn $4000 in one day with capital of about $15,000 just based on the 3 strategies.
I have studied their strategies and found that sometimes we can’t even place a single trade based on any of the strategy in one day…
Anyway I think someone’s suggestion is quote true, If I use the course fees which is $3995 to spare as losing trades, I believe I can definitely learn more lessons than the 2 days bootcamp. If I didn’t evaluate all the losing trade and examine and learn from mistake, then mean I am not serious in trading. So we have to learn the lessons ourselves.
Anyway I am on the way to the 2nd day training class, am thinking to gather a group of newbies who are keen on trading fully time and keep in touch with them, it’s more efficient.
Thanks for ur post!
Jenhuei
Hi guys!
Just thought I share my thoughts here as well as I have also done this £3000 course!
Same as everyone else, I could have saved the £3000 and rather have used it to fund my trading account!
Their strategies are very basic and to be honest, they will/might ONLY work IF you follow it to the T.
The biggest problem I have with anyone offering you their course, especially these expensive ones, is that you do not get to learn WHY or HOW these strategies work. So, if the overall market conditions change ( like it did in 2007 ) the strategies don’t work anymore. Time for another £3000 course!
So, after moving to Australia and having done 3 different courses all in the region of £2500-£3000, I found someone who actually teaches you WHAT price is, HOW it moves, and WHEN it will move.
It’s very straight forward and easy to understand because you do not use any lagging indicators where you wait for some silly confirmation while the price bars run away without you!
It’s based on price movement only. Clean and simple charts. Easy to read and after practicing it a couple of times, it actually becomes so clear.
The best part is, it’s only £130!
Really wish someone had showed me this a couple of years ago…
You can see his course/website here: http://tinyurl.com/YourTradingCoachFX
In any case, I can relate to many of the posts made below, so and I know what your frustrations are. I hope this helps!
Jenhuei,
Well it is worth me writing that post if it has helped someone make a better decision !
k2A talk about risking just 1% of your capital on each trade….making $4000 back with an account size of $100,000 would be impresive over 2 days……I assume most people on the course do not have account sizes of that nature. So to infer a claim like that is not really realistic.
Most trades that K2A recommend on their Daily Trade Service are straight 1:1 ratios….which makes the target for the bootcamp even harder.
Hope you guys get at least a Nasi Goreng thrown in with your course! 🙂
Good luck with your journey
Jimmy
[…] worth. I will just skip those formal review, more information can read on Jimmy’s blog here Knowledge to Action (K2A) – Greg Secker. But on top of that, I will like to add in a few more points here: – This course gives a very […]
Hi Jimmy
Just received an email from this group to attend the free two hour session at the gold coast. Am already trading live since Jan 2010 and same thing the best lesson is going through the moves yourself.
I found lacking easy to understand intraday trading advice, I simply use S&R and I realise now I have been gambling rather than trading, which is why I was interested in this seminar.
Thanks for your honesty as I will give it a miss.
I am using a program at present which is excellent but it is more for day to day trading.
I just like the intraday trading as I can see so many opportunities if I could put some more technical analysis into play.
Anyway just wanted to say thanks.
Just read this and made me laugh – their taster course was what got me hooked on trading. Luckily for me i was too skint back then to have that sort of money to sign myself up!
I am glad i saw this. I signed up to attend free meeting but I don’t think I will bother now. Cheers.
Hello Folks!
I was about to join Greg Seckers K2A FOREX Course in London by paying GBP 3k. Now I decided not to join.
Could any one suggest which company runs a BEST FOREX Course on the Earth?
Seniors can send us any valuable FOREX Video tutorial links if they come across any.
I have zero knowledge in FOREX , will take few months to study basics.
Hi If you want to make SERIOUS MONEY TRADING FOREX, then DON’T INTRA TRADE!!!!! This may sound annoying and somewhat untrue – but The most sucessful Traders by Far are the Traders who wait Patiently for the GIGANTIC TRENDS – Whether it’s Futures, Forex , Stocks, Bonds etc.
The reason for this is SIMPLE. Most intra day traders OVERTRADE!!!! That’s a fact. I used to be a Fool and do this myself. ( couldn’t help myself – a common trait with losing traders) To survive in Spread Betting the Markets, you’re WINNERS HAVE TO BE MUCH BIGGER THAN THE LOSSES.
This is where the Famous saying comes from Cut your Losses Short and Let your Winners Run. I did a Forex course with a Famous Trader who actually started out as a Forex Broker!! He mentioned in the course SO MANY TIMES LOSING TRADERS WOULD GRAB THE TAKINGS FROM THE WINNING TRADES, FAR TOO EARLY WHILST LETTING THE LOSING TRADES RUN FAR TO LONG!!!!
If you think about it Logically – it’s NOT IMPOSSIBLE with forex to risk a £100 and make £500 -£1000 if you catch a Mega Trend. That potentially is a 10:1 risk/reward. A winner like this will give you 10 more Trades.
SimplyTradingForex with Kevin Greenhall is a Superb course where you will learn some fantastic Techniques to earn a possible Fortune in Forex.
Kind Regards Phil Preston
re
Hello Folks!
I was about to join Greg Seckers K2A FOREX Course in London by paying GBP 3k. Now I decided not to join.
Could any one suggest which company runs a BEST FOREX Course on the Earth?
Seniors can send us any valuable FOREX Video tutorial links if they come across any.
I have zero knowledge in FOREX , will take few months to study basics.
Hi everyone!
I’ve sat various courses with k2a and have a mixed picture. The FX course was ok but the same as there stocks and shares one. The bootcamp I did was very good and actually made some money. Also did the mastertrader fx course which isn’t worth the money.
The value was in the coaching as my coach helped me take the strategies and trade them suited to my time and to me. He said that most people fail in forex as they are not consistent and that I should backtest the strategies like he did.
Haven’t got the alerts but I suppose they have to do what the basic book says and can’t add in their own flavour!
Dave
It only when you are eventually successful in trading you will look back at all the courses you paid for and realize how much money you wasted on worthless marketing wizards like K2A. Learning to trade is all about self-discovery. No two traders trade the same. When I first started trading, almost 10 years now. I sent a lot of money on courses and trading gurus. I now, trade successfully from material that you can obtain freely from the internet or inexpensive books. What I don’t fully understand, why do developing traders think they can gain knowledge to succeed by doing a 2 to 3 day weekend course. YOU CAN NOT.
Grant
Hi All
New here! I attended a seminar today and cant afford the training course. Here is my question. Does Greg Secker provide an additional decision support overlay to esignal platform?
Thanks
Linda
Hi Linda,
First the good news; you don’t need Greg Seckers training program to trade forex. There are losts of free and lower costs ways to get yourself started. BabyPips.com, fxstreet.com and dailyFX.com all offer free education, to give you the basics.
Lower cost and better value programs run by Rob Booker and Nial Fuller I believe offer a more realistic approach to trading.
Second, K2A’s strategies are no better than ones you can find on the internet for free.
Third, you don’t need to pay $120/month for data feed, K2A’s rationale that you do is very out of date and just a money making scheme for K2A.
Email me if you would liek more guidance to get started.
regards
Jimmy
Evening Jimmy
Though your chat is dated, I have just attended a K2A seminar and have made up my mind about starting out, my only concern is the fees for the Ultimate Forex profits programme which is priced at ZAR99k but discounted to ZAR26k, which I thought was excessive.
What is your advice for a novice like me as I am ready to start immediately, i.e which trading programme would you recommed based on your experience.
Thanks
Dont know if you managed to find an answer, but i raise a similar Q, after 2nd attendance of their free course.
cheers
antony
I have today come across this and I must say my heart has fallen out of my chest. I have signed up to K2A and have completed the first course which is the end of day trading. I have gone and signed up for the remainder which is Forex and master trader.
I have been putting my limited knowledge to trading since finishing my first course at the end of Sept 2010. I am 9% down on my account.
I think what I am saying is I am a bit disappointed and feel deflated by what everyone is saying about K2A.
What to do now???
Dont give up. Work harder at it. Its all a learning step.
Hi Martin,
Heh buddy, you are not alone – I HAVE BEEN THERE !
On my review there are some positive things I got out of the course – doing a trading plan, risk management, daily routine, understanding basic chart patterns. So not all your investment was worthless. Just for me, on reflection, it was very expensive for what they gave.
Get your money back now on the Forex and Master Trader course. It’s not easy as K2A likwe to hold onto bookings but keep hassling and speak to your credit card co.
Regarding your 9% down…….it;s OK. Seriously it is. You are learning so being down in your equity to start with is certainly OK. BUt I would now suggest you do 2 things :
1) Stop trading live now at K2A’s full 1% or at least reduce your trade size to very small sizes (0.1%-0.3%).
2) Remove your dependance on 5min timeframes……you will get more reliable signals at 30min+ Timeframes and not miss too much, especially on Pivot and EMA Crossover trades.
3)Aim for 1 perfect trade per day. K2A encourage students to scan dozens of pairs and timeframes..this just leads to confusion and paralysis.
Tell your coach you want to use longer timeframes and ask what strategies you can employ.
Best of luck!
Jimmy
http://www.intradayforextrading.co.uk
Thank you for your response Jimmy. I will certainly be looking at changing my strategy and discuss this with my coach.
And thanks for that link it is great. I have also started to read bybypips, and it has opened my eyes.
Cheers
Martin
Hi
like Linda i am relatively new to Fx. Managing to keep my head above water, based on books / internet. I was kindda trying to raise the same Q as Linda, “do K2A provide overlay entry/ exit signals as part of the software package they set you up with when you attend the 2 day course”.
I attended a free taster course nov 2009. Too much hard sell by a rather desperate marketeer. I recently attended again in Sheffield which seemed much more convincing, but maybe that was more to do with the dynamic Aussie presenter. Hence my search on the blogs to see if anyone can throw true light on the worth of attending their course.
Im having more succes with equities (AIM miners) wondering whether to pull the plug on FX altogether.
cheers for now
Antony
Hi Anthony,
K2A have 3 strategies which they can provide entry and exit signals via their preferred data platform esignal. You still have to trigger the trade manually though.
That said, their signals are NOT complicated, you can setup the same thing for free with a broker using Metatrader 4 as a data feed and save yourself $120/mo.
Also, it needs to be said, their strategies alone do not provide consistent profits. Their prime strategy is to get punters in the door…
Do some internet courses for a fraction of the price and trust your instincts. If the K2A course was that successful then why would they be having to hard sell it ?????
Jimmy
Goog on yah Pal
you’ve confirmed what i was thinking.
Im with FXcm, now wondering whether to tinker and swap platforms. You could say i’m a little idle, but would like to set something up (at minimum cost) to offer signals for reasonable entry etc. I keep fully abreast of fundamentals and whats afoot and quite enjoy that aspect, but technicals bore me. I like to day trade, get in and get out quick, which probably equates to K2A’s sniper strategy. Any thoughts. I prefer to put more time in on equities Aim research and use FX as a side line.
cheers Ant
thanks to jimmy FX
Chris Lori is coming to town;
http://chrislori.com/london-workshop.html
If you after a good foundation in FX trading look this guy up. For $1700 for 3 days plus extras. I think you will be pleased you did.
I an new to forex and would appreciate any advise of where and how to start.
do I need a chartting software
Hi,
I’ve paid the deposit of $1000 but wanted out of the program after reading lots of reviews, but they rang me and convinced not to cancel, now I’m out of my cancellation period and they won’t return my money. I paid the deposit in New Zealand on one of their seminars and would have attended there workshop in Australia.
Is there a way to get my deposit back, as they said that they have invested lots of time and have given me an alternative of either finding someone else to take my place or book a different date in the future, which I don’t want to do.
I agree with Trevor,
if you really want to pay to learn the realities of trading Chris Lori’s workshops and courses are a lot more value for money than K2A IMO.
Greg Secker and Knowledge 2 Action
K2A feeds into the get rich quick psyche of people that are new to trading.
I attended the K2A course and met people who had quit their jobs making statements like ” I’m a trader now.”
It’s dangerous to think you can trade a few strategies and make high % trades and profits after one weekend.
Greg also LIED about the brokers that allow you to place automated orders, directing us to sign up with Echelon brokers – stating they were one of the few if not the only brocker that allowed you to place certain types of orders in the market. I can only assume K2A was on a commission deal with Echelon.
The K2A course puts a lot of info together that serves as a good starting point but it’s WELL overpriced !
Chris Lori and Protraders Club( ForexMentor )
Really wish I found this site sooner
Chris Lori is a CTA and fund manager…..google him.
I signed up for the ProTraders Jan 2011 3 day workshop but can’t make it due to a back injury. They’ve extended the Sat workshop from 6pm to 10 pm as they have an additional speaker, Steve W.
If your looking for free FX info Steve W’s ‘nobrainertrades.com IMO is a good sight. Steve W also posts on various forums under the name BillyRayValentine
Both of these traders focus on the hours of chart time, understanding the markets and the personal development required to learn to trade proficiently.
Don’t know much about stocks and shares but Daytraderockstar has some good reviews and is claimed to be good value for money and also gives two weeks free trial.
Be cautious of any site promising ridiculous returns like “make 2 million from a 1K account in 1 year”
Do your own due dilligence before paying for anything
Apologies for the long post but hope this saves someone time and money
Hi Jimmy
Excellent post and summary.
I went to a presentation in London yesterday and came to pretty much the same conclusion as you i.e. that you could do this yourself by reading a book. They will tell you that’s not the case but that’s rubbish and I was left with the impression of a subtle but hard type sales push – boasting about his expensive car, taking an age to get to every point to build up some kind of faux mystery to what they do. From about 20 minutes in I kept muttering ‘just get on with it’. Ask yourself 2 questions 1) if they are so good why are they pushing these courses – bearing in mind they show you a live example where one trader earns £19000 on a £2m account 2) Whilst they tell you it’s £3k up front towards the end of the presentation they offer a ‘discount’ of £1,000 to ‘committed volunteers’ who want to share their FX journey for some marketing material the group are putting together for a push into the US…….. PLEASE! Classic sales crap!
Save yourself money – do some basic reading on currency pairs, then do some reading on charts i.e. following the patterns of the ‘herd’ mentality and you’ll be there. The only worthwhile thing they did say but gain basic common sense 1) Discipline – don’t get greedy 2) on a similar theme never risk more that 1% of your pot so on £1,000 literally 10 points (or pips) i.e. £10 gain on successful bet.
J Kelly,
Let me know if you learn how to trade successfully from a few books. I wish you the best of luck, but you will certainly struggle to make anything in this business with that approach.
One thing I would agree is that K2A is definately NOT the solution.
Let me give you a few pointers on how to become successfull:
1) Pick a strategy that you like, either from a book or the internet.
2) Draft the rules into your own plan, picking the bits that resonate with you.
3) Take 30 trades where you follow the rules exactly! Even if you lose every trade.
4) Review the stats like average profit, average loss, expectancy, full pip move.
5) Tweak the rules accordingly. i.e. if your average loss is higher than 0.6%, then you might have to be more aggressive with your stop loss and include some additional tools to gauge a bad trade.
6) Take another 30 trades and review the stats AGAIN… Then tweak and repeat the above process.
After a minimum of 6 months, you will have your own unique trading plan that works for you. This is what I did a few years back. I am now a full time trader.
By the way, I have been on all the K2A courses and they teach you NOTHING of the sort. You will only receive some generic strategies that you could have got from the internet anyways.
If anyone wants any free advice on trading, then feel free to contact me at p.j.viss@hotmail.com.
Regards,
Peter
[…] the light comes in when they realize something that had never been thought before. This is how Greg Secker got into the success of creating his own trading floor and leaving employment at the age of […]
Hi all, I’ve just did the traders university course 3 days ago. and i am almost gonna sign up to the lifetime unlimited wealth class worth over £35k for £18k. but i stopped myself as i am not sure if i could really trade… so ive tried powerplay for the pass 2 nights, i got no where. so i thought invest more to get more out of Greg Secker’s trading way… till i read this… now i am not so sure…
All you will learn are some generic strategies which you will need to tailor around your own style and psychology. Fair enough, they teach you like 8 different generic strategies, but its nothing that you won’t be able to get on the internet for free.
So why not just do a trading course which is designed to tailor a strategy around you in the first place? Reply to this comment if you want more details. I don’t want to spam the website.
Regards,
Peter
[…] thinking of selfish and unprofessional means in achieving so may not be that rewarding. As Greg Secker lived his life as an employee previously, he had realized that making money and achieving […]
[…] from working when he was 28 because of his success. He no longer had to go to the office, but Greg Secker had made money work for him by placing his money and investments in Forex and […]
Hi Jimmy,
You mentioned that there are forex courses half of that charged by K2A. Would you be able to name some of them ? Thanks.
I work with a company who charge like £60 for a two day course, because they make all their money from trading. Simple as that. No need to pay £2,500 for some generic strategies.
Email me if you want to know more. p.j.viss@hotmail.com
Can anybody summarise Greg Secker currency trading method here? After all i doubt it that his method is really his as i am sure that it would have been published by other people elsewhere. By sharing the method we would help prevent anybody from using a sales pitch to sell a method that they undoubtedly pinched from somewhere and claim they are doing it for charitable purposes whilst charging the moon.
Excellent beat ! I would like to apprentice even as you amend your site, how could i subscribe for a blog website? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided vivid transparent concept
The speedy brown wolf jumped over the lazy dog
please can some one hwlp me i am have signed up for the greg seckers course have paid my deposit of R5k balance of R15k stil to be paid am having second thoghts on weather to go thru with this i have no knowlege of forex but was impressed with what was discussed at the seminar.
please could someone guide me to become a success in forex
Aarif, to become ‘a success’ in forex, stop reading blogs and forums.
If u signed to do their course, it does give good info about forex and the basics you need to get you started.
I did the course myself just over 2 years ago, been working good for me, i amended their strategies slightly but still stuck to the rules that they rammed home to you.
Hi Aarif,
How did you get on with the K2A course? I went on a course with another company, those guys were really down to earth, and they used to work on the K2A trading floor for about 2 years.
The reason I went on their course is because it was FREE, if you or anyone you know if looking for training – these London based guys are great, good follow up support as well
Lol! Another fake company trying to sell a ‘free’ seminar!
Just wonderful how many brain dead idiots are always out there for slick salesmen to rip-off. I used to watch with amazement as a 10 year old in London where I grew up as the con-men ripped off gullible tourists with all the old games.
Used be someone in the papers who advertised his foolproof system for getting rich for just £10 (before advertising standards got him). Those who sent him money just got a note saying “Do as I do”.
So have this secret for free: do as Secker does, not what he says. Don’t waste your money trying to trade, just find a bunch of gullible cretins who are willing to pay you thousands for your imaginary secrets. Alternatively, give your money to your mum to look after.
http://www.forex-livetradingroom.info Enjoy profits from our members’ shared REAL MONEY ACCOUNT. Are you ready to be MENTORED by real traders? Are you ready to start making REAL MONEY? get Access to our professional Forex Systems, daily video analysis of upcoming Trades and more
Gregg secker u thief. Gimme my money back
Hi Jimmy,
How did you get on with the K2A course? I went on a course with another company, those guys were really down to earth, and they used to work on the K2A trading floor for about 2 years. The reason I went on their course is because it was FREE, if you or anyone you know if looking for Basic training – these London based guys are great, good follow up support as well
One thing I would agree is that K2A is definitely NOT a solution.
Let me give you a few pointers on how to become successful:
1) Pick a strategy that you like, either from a book or the internet.
2) Draft the rules into your own plan, picking the bits that resonate with you.
3) Take 30 trades where you follow the rules exactly! Even if you lose every trade.
4) Review the stats like average profit, average loss, expectancy, full pip move.
5) Tweak the rules accordingly. i.e. if your average loss is higher than 0.6%, then you might have to be more aggressive with your stop loss and include some additional tools to gauge a bad trade.
6) Take another 30 trades and review the stats AGAIN… Then tweak and repeat the above process.
After a minimum of 6 months, you will have your own unique trading plan that works for you. This is what I did a few years back. I am now a full time trader.
By the way, I have been on all the K2A courses and they teach you NOTHING of the sort. You will only receive some generic strategies that you could have got from the internet anyways.
If anyone wants any free advice on trading, then feel free to contact me at vedantatrader@gmail.com
Regards,
Roger
Who the hell is this? You just copied the exact words from my comment posted on March 2011…. what’s up with that?
Greg has been taking my money n I can’t get refund I also haven’t learned anything outside my own knowledge. Thieeef
I’ve been with K2A on their Unlimited Wealth programme for nearly a year. I have to say I cannot fault it – I’m full time now and average 15% account growth even month.
Did I fall for the sales pitch – to an extent yes, but K2A has delivered what it promised. I have been able to attend forex, equities and automated trading courses, unlimited bootcamps and have had two excellent coaches.
Was it expensive – yes, but a day of intense professional training in any field comes at north of 1k in London, so it is comparable with many other training activities. The overall cost of what has been pretty much full time access to K2A is similar to my MBA. I know which one has earned me more!
Do the strategies work? Yes, all of the K2A strategies I have tried have been profitable. Some are over cautious, so you don’t make the money you could by using a more aggressive strategy, but they are designed to make taking action and trading as easy as possible. Personally, I rarely use K2A strategies any more, but they have been instrumental in helping me to understand price action.
Could I have done it without K2A? Yes, undoubtedly it can be done. There is plenty of on line resource available, plus books, articles and free training. But it is not structured and there is no support when things go wrong (and they do). I have found the structure, progressive development, help and support provided by K2A has been instrumental in getting me to being a profitable full time trader in less than a year.
When I meet people or read blogs from people who have decided against K2A because they think they can go on their own, I do wonder how many actually end up as profitable full time traders. If you have the determination and ability to handle the losses, go it alone.
End of the day, its horses for courses. For me, K2A has delivered what it said it would do.
glad to hear some positive feedback, as i am fresh and new to K2A, my course will start at Oct…. looking forward to find out more.
Hi Katherine. Have you signed up for the Knowledge to Action course? If so I would like to get your feedback on this and if you are still trading
Has anybody attended his courses in South Africa? If so did it work?
I also attended their seminar that was held in Cape Town(South Africa). But I did not take the course with cost about ZAR25k (that’s a lot of money). Would love to know if anyone in South Africa has attended the course.
I also attended the Seminar. Was also bothered with the sales pitch of R99 000 and then this great discount to R25 00. Which is still pretty expensive.
I also want to know of soembody that attended the course and is trading succesfully.
I attended the course and am trading sucessfully the issue guys is nt that these strategies dont work they just dont work for mainly because the mental side is not well prepared find 2 or 3 more strategies after you have purchased them you will realise that they all the same , moving averages, fibs, trend its all the same .
i think people have always wanted to pay for something complecated at which at the end of the day we dont even understand and cant even use am a K2A graduate Ultimate forex profits the strategies work to all the new guys in the industry what kills our accounts is that we dont follow stratgies to the latter the issue is on emotions and psychology get your mind straigh and the strategies will work well most of these startegies are the same hav worked on over 6 different strategies from guys who claim to come from different directions into the forex marekt my conclusion is all the guys say the same thing in different language though i must say K2A says this thing in a simpler language easy to understand thats why i would prefere to use them dont spend another dime before you fully understand the one you have and has failed you.
Hi,
I also attended their seminar at the end of sept. I was very impressed with the presentation and was very close to sign up for one of their courses which was £1995 + VAT. I am seriously thinking to sign up for the course but at the same time I cant make up my mind.
I would like to hear from people who have attended their course. How did it go? Was it worth paying the money?
Katherine can you please post your experience?
Thanks
Hi Malaly,
K2A teach some sensible trading principles and in a group environment which helps and their tutors do trade. But they over state by a large margin what is actually achievable in “real life”
However, how long will it take to get your investment back ?
Your course will cost…..£1995+vat = £2394.
The most any trader can expect on a regular basis, over many months and years is possibly 2-3% a month….that’s still 50% pa don’t forget! (high!)
If you follow K2A’s own rules and use just 2% of your capital you’ll get your money back in 4 weeks if you have £100,000 to trade. Progressively longer depending how much you have as trading capital.
cheers
Jimmy
So….Check this out…Greg Secker…Learn to trade, Forex
Let me tell a story!
I decided to enrol for a seminar….. [5% interested at this point]
I arrived at a seminar……..[10% interested at this point]
A presentation was delivered………[80% interested at this point]
Price guideline given…rrp £13k + VAT! [Losing interest at this point]
Agree for a testimonial and get a discount [Ok, what’s the score here?!]
Discount takes the course from £13,500 + VAT to £1995 + VAT [What a joke!]
Evening draws to an end [I’m thinking I’ll have a chat with them]
Approached the guys….and asked [“Can I let you know tomorrow?”]
Received a response….[“sign up today or lose this offer mate”]
I reply with…[“I can let you know tomorrow morning”]
Response received…[“We don’t have time for people like you”]
I leave…quite disappointed and to some extent rather upset, albeit they showed their true colours…
I get a phone call the next day…[Sir, would you like to sign up for £1995 + VAT?”]
My response…[**** OFF!!!!!]
Hahaha CLASSIC !
Does anybody have the Income Generator robot to share?
I signed up to a seminar about a year ago, ended up not going. Then about a month ago I saw a seminar again being advertised, so I thought…right I want to get into trading tis will be a good place to start, just to get some basic knowledge. Presentation was good, till the end when they start selling you everything.
Spoke to the guy, Gurdas Singh at the end who claimed he drives an Aston Martin but when leaving the car park went off in a half beaten Rally Car….
The deal was 13k but then reduced to 2k THIS NIGHT ONLY?!!? most ridiculous thing i’ve ever heard, why would it be reduced by so much?
Anyway, having emailed back and forth with Gurdas he offered me a NEW deal, I pay £4k and I get unlimited support, unlimited lessons and 10k Starting Capital to be trading with. They take %40 I keep %60 for any profits I make.
“The fees are £4,200 + vat and what you get included with that is lots of coaching and basically unlimited support and also £10,000 starting capital, if you can prove that you are consistent, every 3 months I will double it up to £250,000 and then we will discuss further opportunities after that. ”
So after hearing that I thought hang on….that does actually seem quite good after seeing screenshots of the trades he was making, he made around 2,500 in two weeks with losses of £300.
However reading all these comments I’m not sure, because I’d be paying 2k more than the 2k course I didn’t want to do, just for the fact I get 10k Starting capital..
Any thoughts would be good to hear, or if you want to hear more.
James
Why do my posts keep getting deleted? Seems like this blog is very much edited so its all negative.
Hi Chris It’s not personal ! I get a lot of posts to this site where people are using it to generate links to scamming forex sites. Plus you signed off your last post with a different name to your email address…. Jimmy
I was highlighting something valid to the discussion and I don’t like using my real email as my emails get spammed when put on public forums. Point was that I was asking James about Gurdas
To follow Gurdas Singh, http://www.twitter.com/GGurdas he seems to be doing well using Greg Seckers strategies. I wonder how long this post will last before the disgruntled admin decides to delete it……
He does seem to be doing well – riding some nice moves. Where does Greg Secker come into this ? This guy trades pivots, Greg Secker doesn’t have a monopoly on trading pivots. In fact the strategy has been around before Greg was IT manager at the bank he worked at…….On GGurdas’ trades I see NO EMA’s.
I just assumed he would be using Gregs strategies? I don’t know too much about it to be fair. Just wondering why the above poster James was hating about Gurass trades
well the guy is using 5min timeframe and pivots, which comes over as a bit K2A but Gurass does seem to have adapted it a bit. Something all traders need to do – find their own rhythm. I don’t see how you can “hate” someones trades.
A last few thoughts to leave with people here :
If G Singh was so successful in his trades he would be trading for someone elses capital and making for more than a few hundred quid per trade.
Is this a live or demo account ? I couldn’t see when I magnified the screenshot
And lastly, anyone presenting their trades that is also trying to sell a FX course just cannot be credible.
Jimmy
Hi Jimmy,
I completely agree. Teaching people how to trade is not a profitable venture. I went down this path and it wasn’t worth it. Trading other people’s money we have been able to return 2% per month to ourselves through fees and profit incentives. and about 3-5% per month for clients. On average of course with huge draw downs of 30% or so…
This is way more profitable than any trading course I have ever presented. Secondly, if he is delivering a course it means he knows the basics REALLY well. Just like an average biology teacher, they could probably teach you a lot about the human body, but it doesn’t mean I want them to operate on me.
Last thought…. K2A is the biggest crap ever. I spent £12k there (as I have said previously in this post) and everything was generic.
Greg Secker and K2A in The news……….
http://www.bbc.co.uk/news/uk-19909942
I think enough said really on K2A and how these guys operate.
He replied to my email I sent him and said the guy who is posting as James is actually a kid called Jacob Cameron https://twitter.com/Jacob_Cameron and he went to one of his seminars, emailed him begging to be his protege and that he was prepared to start early in the morning to trade hence he offered him the starting capital.
After looking it does seem a bit suspect, Jacobs twitter has a screenshot of one of Gurdss trades claiming it as his own lol….
All seems a tad silly, might follow him to see how he goes before starting personally, anyone know the best way to start trading? Ie which platform to use?
“If G Singh was so successful in his trades he would be trading for someone elses capital and making for more than a few hundred quid per trade.”
Who says that he is not? 😉
Without getting into too much of a debate, you can’t criticise anyone who is doing well, I don’t see anyone else posting up their trading results here. Best advice I can give is be focused and try and be positive, theres too much negativity which is not productive for anyone.
Ps. Anyone shorting the Euro today?
‘Anon’
Dear Anon, from Anonville, So you think someone who is trading for a fund would be posting £400 trades on twitter and bragging success ? I was not criticizing success just being skeptical of someone who presents his achievements in a rather obtuse way! An Aston Martin – PLEASE! So cliche! Jimmy
A good trade is just that, unless you are doing substantially better….there is little room for criticism.
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