Originally Posted by pan

if greed is a large factor in why traders 'blow up' their accounts quickly, these kind of sites are pandering to that emotion.

i signed up to a course that cost me $100 at the end of February.i didnt know anything about trading at the time. it was recommended and it did teach me some basics. it was worth the money. but then an email from the company came in that promised if i bought this other guys course for a similar amount it would deliver all kinds of unrealistic % return on my investment.

thats where our professional relationship ended.

from my research, these websites have a similar selling style.

1. you scroll down, its all one page so they don't lose you by you clicking and moving around.

2. they normally have, a buy it before the offer is gone, and never to be repeated. [i have done follow up research to this after 3weeks, only to find the offer is still there]

3. they are emotive driven; they tell you of an experience that they had that kept them from making any money in the markets and then go on to tell you how to avoid their mistakes and how you can make money in the markets by following a few very simple rules.

4. they sell to you like they are your friend.

5. one other thing, is that they all have testimonials from people who couldn't be happier. some of these happy people have links to their own websites. and guess what their websites are about? thats right! they too are selling you a similar 'get rich quick scheme' the first guy is selling you and guess who appears in their testimonials? again right! our first guy. incestuous?

up until the time dave sends me an email that tells me some guy up in the mountains has been meditating for 20 yrs and has created a 100% win system by using the 'scooby doo' oscillator. i'll stick with informedtrades and whatever else involves learning through education.

best wishes pan