Star Trader courses

[Joann37]

Has anyone taken this training? They start you out with a 3 day seminar for $99, but then want you to sign up (starting at ~$8K) for other courses. The cirriculum sounds pretty good but I don't know whether it would be worth it. I Googled and cannot find anything at all as to whether this class would be worthwhile. NOTE: This is not the Star Trader software that is sold in the UK; this is from a firm in Florida that is selling the training.

Thank you.

[billybudd]

It's a scam, like many others out there. They make people believe there are "secrets" or "techniques" to beating the market and getting rich quick. The truth is there is no such thing.

[Joann37]

Thanks, billybudd.

[della215]

Hi, Joann...I did go to a 3-day $99 seminar in Denver last weekend. At first, I thought the program was excellent. But then I noticed that the seminar leader became a tad bit belligerant on the 3rd day. Evidently, some of the students were talking about other trading methods on our breaks. The seminar leader, "Kevin", got quite sarcastic and combative about it telling the class "if what you're doing is so successful, why are you sitting here in this seminar?". True...but if someone is a "professional" they wouldn't act so unprofessionally, would they? It was a tad bit "nazi-like", in my opinion.

Never did I think this might be a scam...until I searched the internet and found a few posts. Now, I'm thinking...hmmmmmm....it's a good thing I didn't have $30,000 to enroll. The other postings I read said that the guys at the back of the room were very rude to seminar participants. I didn't speak to those guys, so I don't know about that.

On a brighter note, attending the Star Trader seminar made me really look at my trading life and I enrolled in the mentor program with Winning on Wall Street. Winning on Wall Street is MUCH more affordable. Their website is: www.winningonwallstreet.com I met a lady about 2-3 years ago who highly recommended them and she was doing very well. With WOWS, you make all of your own educated trading decisions based on what you learn (technical analysis) in their classes and radio program. The software is by the month and is very affordable, too.

So, it will be interesting to see whether Star-Trader goes down in history as another scam artist/multi-level marketing/ponzi scheme, won't it? After all...I realized what they are doing. Targeting baby boomers with bucks in retirement funds, savings...and are skimming those funds. Pretty nasty if that is what they are up to.

I checked the Better Business Bureau and they have no record of them in Florida. Not sure how long they've been in business, but if they are a new co. they probably won't have a BBB record for a little while. It seems quite a few of the company's people live in Utah.

Hope this helps...Della

[startrader_scam]

Do you have any of their contact info in Florida or Utah? Like their office and home address and management contact info? Not just their phone numbers. I am looking for their federal tax ID and dun and bradstreet number. I'm pissed and think this company is totally fraudulant and should be persecuted and put out of business. I made a reservation for their preview class for 2, for $200, and then cancelled the reservation before the class and they told me over the phone that this is fine and they'll give me a full refund. They never refunded me the $200. NEVER give out your credit card information over the phone! I should've done a credit check on this company before signing up. I have to fight this over with my credit card company now and harrass them. These guys will regret credit card frauding people sooner or later. I may have to report them to the better business bureau myself and consumer affairs and all over the internet.