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TRADERS INTERNATIONAL - DISHONEST & MISLEADING
Dishonest, Misleading Presentations by Traders International Pty Ltd ABN: 60 138 354 515 - ASIC complaints Reference Number 82442950
I have witnessed unfounded and inappropriate presentations by LACHLAN ELSWORTH of Traders International quoting “we are achieving up to 600% ROI each month and this is done live in our trading rooms” but has no/is showing no hard evidence (i.e. trade screen shots and individual trading account) to backup these returns which remain unproven. Instead, sucking in the uneducated prospects with misleading impressions and unrealistic expectations during his webinars to leads and prospects. Lachlan’s comments constantly gives the impression that every trade will meet at least 10ticks/10% every time, is false advertising. Every trade screen shot shown by Lachlan is selective and not consistent and he avoids showing trade screenshots where all the rules were met but the trade did not work. Lachlan indirectly hypes that there will be runner opportunities every day on every trend switch which the Trader’s International signals will be able to get every time, is more unsubstantiated hype. He is not being 100% honest upfront from a speaker point of view by not showing visually the winners and losers, which are both sides and the true realities to trading. Also, Lachlan continually avoids/never shows his own personal trade screen shots and his own personal live trading account, which alleges he does not trade his own money at all the way he teaches – not walk the talk.
Traders International are only analysts and only marketers who sell indicator-based systems using hyped returns but provide no hard evidence to backup their returns that they claim they are getting in their trading rooms. They use facebook/twitter to market what other trader’s are saying but they avoid/never talk about their own individual trading - because it does not exist. I personally have asked the hard questions with numerous emails/phone calls to the Traders International office and to Lachlan Elsworth - which keep getting ignored and they don't return phone calls. The CEO Afshin (who makes no time for his members), Lachlan Elsworth (who is inconsistent and contradicts himself with bad advice/double-standards about general info and trading methodologies during/between his webinar presentations) and the staff at Traders International do not all trade.
They collate, use and steal ideas and screen shots from their members (including myself) and other traders who email them screenshots, see what's working at the time, and then come up with systems and they take the credit for it. Also, Traders International will not coach you personally on technicals unless you fork out more money to their trading room subscription - I use to be in their trading rooms in the past, it is of poor quality and the moderators are not consistent with themselves and not consistent with each other. The moderators live trade using a test account (i.e. the company's money), however, none of them trade with their own personal money in the trading rooms on what they teach.
All indicators lag and there is no consistency in profit returns over the long term when trading off indicators – I know this because I have been backtesting for over five years trying all sorts of indicators. Price action alone is king – when you know how to read price action only – then you will start to trade successfully and will never need to use any indicators ever again! Stay away from Traders International – their explanation of trading methodologies are continually confusing/contradicting and not consistent as individual moderators nor consistent between each other: this is usually first sign of people not walking the talk themselves when they change the rules/methodology specifics and contradict themselves on a weekly basis. There are better trading education companies out there who charge a lot less, are more consistent and disciplined in their trading methodologies, and also do not charge for access to their trading rooms - however you should never shadow trade from trades called by any trading room moderator - otherwise you will never become an independent trader.
I have been trading for over five years my own personal signal/system which is only price action based – with no indicators because all indicators lag and you should never/ever trade off indicators like Traders International do. Traders International combine indicators and price action to deliberately confuse their members so they can keep them in the trading room subscriptions longer (for revenue purposes) which is unethical. Stay away from trading education companies who try to sell you trading systems with indicators. I have watched Traders International for over five years continually change their indicator-based methodologies – and they use the rubbish excuse that they have to change because the dynamics of the market are always changing – what a crock – if you were price action only trading in last 5 years, you would never have had to change your methodology at all.
Traders International do not walk the talk. Do not believe the hype - ask the two most important questions you can ever ask anyone who makes bold statements about their returns and/or tries to sell you a product - Q1. do they actually personally trade what they preach? Q2. if they say yes, ask them to show you the evidence of all their trade’s screen shots and get them to show you (in black and white) their own personal trading account statements to confirm their so-called returns? If they do not show you this – walk away and save your hard earned money to learn from someone who actually does walk the talk and can show you the evidence to backup their hyped returns!
Also, if these so-called professional traders are that good – why are they putting all their energies in working 12-14 hours a day working a job at Traders International, with no time/energy left to personally trade themselves ??? Be very careful listening to Lachlan Elsworth – he is only a very sweet talking marketer and full of shit/hype, who has never proven to his members and prospects that he actually walks the talk with his own personal money !
Rating:  [1 of 5 Stars] |
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The Power Futures Strategy is really easy to learn and for what it costs I was quite surprised at how well it worked. It works so well I still use it and have done so for over 10 months. I thoroughly recommend this strategy to anyone looking to trade Eminis or Futures.
Rating:  [5 of 5 Stars] |
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I took the TI course 8 months ago. I think now they shortened it up but they have added a FOREX room (I cannot comment on that because I have not been in that room). The trading room I traded in was excellent. I worked with two traders and they were very clear on the signals they called in the trading room. The first month I lost money but it was mostly because I did not do the simulation period they requested I do. I went straight to live money which was my fault. After a month I regained my losses and began to trade profitably. I am still learning to control my discipline. Anyway, I am very glad I took their course and it was well worth my time (and money).
Raymond
Rating: [5 of 5 Stars] |
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Message to Daniel: Been with Traders for sometime now. Doing extremely well – do it full time. Never heard this pitch. Always been told it takes time to become a good steady trader. They say it everyday in the trading rooms. How would you describe 53 points last month as the result of more bad calls than good ones? Totally crazy. 53 points = $2650 in profit for each $1000 contract you hold. If you traded half the time or took half the trades you would have made $1325 profit on your single $1000 contract. And if you re-invested your profits as we all do and built up your contracts with nothing more out of pocket and got to 5 or 10 contracts like we do, you would have made $6,625 on your 5 contracts ($5000) and $13,250 on your 10 contracts ($10,000). Pretty hefty profits I am sure any intelligent person would agree. What room were you in? For sure it wasn’t a TI room. Because they haven’t had a losing month since they started posting results in 2007 and long before that. So here’s the deal. You have told a provable lie. Where were you the last 3 years when TI has not had a losing month? If you were with Traders, took the course and got it down, went into simulation for a good 6 mos. before going live, followed what we are taught over and over and over in the rooms, there is no way you could have lost your stake if you had followed the rules and what is taught. No way. Not when TI has not had a losing month for the last 3 yrs. they have posted results and ditto the previous months.
Rating: [5 of 5 Stars] |
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Hi Rod...
This post is so off the charts re: fact and truth that you just have to laugh. First, the entire signal system you learn is proprietary to Traders International. It is nowhere on the net and can only be found at Traders. If you were a member which you obviously aren’t you would know this. For 11 years Traders has been developing proprietary signals that allow it’s trader/members to know when a trade is shaping up before it has. What would you pay for a lifetime of being able to do this?? What would you pay to have top professional trader/moderators confirming the signal so you are ready to place the trade when the professional traders tell you to enter – and when to exit. I can’t put a price on this. What would you pay for life time support? The freedom to call the headquarters and ask any question you have and be responded to immediately? The freedom to email any of the professional traders and get their help and support? Freedom to email any of the professional traders and ask for personal one-on-ones if you need in depth help? A life time way to change your financial life with the best professional traders holding your hand all the way. What would you pay for that? Waking up everyday with peace of mind knowing you have an avenue where you have the opportunity to provide for your family beyond anything you dreamed and to do the things you find important in life? You know the old cliché. You get what you pay for. And in this case what you get for as long as you trade including all course updates for free is so far beyond the price charged it could be 10 times the amount and still not be close to what you actually get. If you are going to post, don’t make yourself look like your brain isn’t working. At least know what you are talking about which you don’t. And might be a good thing for you to remember Traders International has been in business for 11 years, now in 14 countries and growing, thousands and thousands of members, recognized and gotten awards by top bus/stock publications as a top emini training company. Are these top mags all publishing lies? Of course they aren't. Get a grip Rod.
Rating: [5 of 5 Stars] |
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This one's for Dogmxxx.
There are going to be some responses to the negative posts as some of us Traders International members have just become aware of them.
Every pancake has 2 sides. These particular negative posts have no basis or truth to them when you get the facts that are not made up but are real and proveable. There will always be people on the internet who do nothing but post negatively on various chat boards often because they have a hidden agenda - ie wanting to start their own competing business.
So here is the truth.
Everyone treats day trading as a daily cash flow business to pay their bills and replace or enhance their other income, NOT as a long-term investment and compounding for 9 years. This person has no idea what intraday trading is all about and is doing his calculation based on 9 years long term investment??? This person obviously is not a Traders International member and has no clue about the live results achieved in the trading room. On average, the trading room has been generating 1, 2 or more points a day. One point is $50 per contract and a minimum of $1000 is needed to trade each contract. With the minimum of $1000 margin, one point is about 5% ROI. If you catch 2 points with the same criteria, it will be 10%. Making 1 or 2 points a day IS realistic. The higher the margin the better from a money management stand point. There are many people who are making a good money trading the e-minis with TI. That is why their trading room is the largest in the world. I have been a member myself for a year now and chose the Traders International program after several years of research. Here are some of the main reasons I decided on Traders International.
1) They have been in business for 11 years. You can’t stay in business around the world for that long if thousands of people have not gotten successful with the Traders International program. Would be impossible.
2) They have been written up and recognized by top business and stock publications which none of the other companies offering courses have behind them. Third party affirmation and verification.
3) They do business in the United States, Canada, United Kingdom, Spain, Australia, Israel, Malaysia, Denmark, Iceland, Norway, Singapore, South Africa, Sweden and Switzerland.
4) They post their month end results on their site which no other company does. I trade every day for the whole trading session and keep a journal of all trades so I know the accuracy of the posted month end results.
5) They have not had a losing month since I have been following them starting in 2007.
6) The level of support Traders International offers and gives is unprecedented. No other company comes close. There is no limit to it. As much and as often and for as long as you want it. Email access to some of the best professional traders in the business for help. The ability to call the headquarters and get immediate support. The ability to set up one-on-one sessions with the professional traders for any help or support you need. No time limit. Unlimited help and support.
7) Proven results results results from around the world for 11 years.
Rating: [5 of 5 Stars] |
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