School Of Trade
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Honesty
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Quality
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Cost
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Support
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Verified Trades
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User Experience
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Summary
From top to bottom, a complete and total scam. A well oiled marketing machine with only one purpose…to hustle you out of $5,000. Joseph and Megan James are two of the biggest frauds that I have ever written about. Joseph James is a sneaky, manipulative, con artist that claims to earn $50,000 each month trading, with zero losing months, and zero losing days. Absolutely no proof that this shady hustler even has a trading account. Both James and Megan seek out the most vulnerable trading newbie that they can find, and then systematically suck them dry of money. The worst of the worst. AVOID.
User Review
( votes)Thanks for reading today’s review of School Of Trade and Sideways Markets
What is School Of Trade and Sideways Markets? The companies are a day trading educational business that specializes in teaching traders how to day trade the futures markets. The companies were both founded and are currently managed by a husband and wife team named Joseph James and his wife Megan James. The websites are essentially the same, offering the same products, however the website SidewaysMarkets.com appears to be a blog with more pages and information.
In addition to the SchoolOfTrade.com and SidewaysMarkets.com websites, this company publishes a large amount of videos on YouTube.com. A quick search of YouTube shows that the School Of Trade YouTube channel was founded in 2008, and it currently has over 12,000 subscribers and over 2,100,000 views. There are quite literally hundreds of videos that supposedly show live day trading, in real time. In addition to the massive amount of videos purporting to show live day trading, there are also longer videos that show not only live day trading, but also videos of Joseph James stating that he is earning thousands of dollars each week with his day trading.
A quick check of Archive.org shows that the company launched in 2009.
A detailed search using SEM Rush web analytic’s reveals that in addition to SchoolOfTrade, SidewaysMarkets, and the YouTube channel, Mr James has also developed and is attempting to capture all reported aspects of his online reputation. What does this mean? Simply put, Mr James has registered a cadre of websites and created specialized content that purports his amazingly trading abilities. Mr James understands that as a person is vetting his trading products and his trading school, these persons will also Google search terms relating to his reputation. Its a clever attempt to corral and capture public opinion. Some of these websites include SchoolOfTrade-Review.com, SchoolOfTradeReview.com, SchoolOfTrade-review-e-mini-russell.com, SchoolOfTrade-review-euro-currency-futures.com. The list is quite extensive.
Overall, I would give Mr. James excellent marks at how to generate a consistent flow of free web traffic. In fact, he ranks highly for some of the most coveted and expensive Google keywords relating to day trading. Using SEM Rush analytic’s, if a person wanted to replicate the free organic traffic flow that Mr. James now enjoys, a person would have to comparatively spend over $5,000 each month on Google adwords. Consider this for a moment, and let me put this into perspective…suppose that you are competing with Mr. James, and both of you offer a trading educational product, in order for your product to be seen by a comparative number of prospective purchasers, you would need to spend over $5,000 each month in advertising fees. This is a huge advantage for Mr. James. He understands online marketing very well.
Is there a correlation between marketing and a high quality product? In other words, is Mr. James trading products any better than the competition? It does not matter, the only thing that matters is how many eyeballs that Mr. James attract to his product. Google does not know whether a product is good or not good. However, since Mr. James is appearing so often in Google and YouTube searches, then this leads to an implied credibility, simply because Google is showing the material to a large audience.
One of the problems that I too often hear from various trading vendors is how incredibly difficult it is to be found on the internet. A trading vendor can have an amazing trading room that would be an awesome addition to the trading community, but slick and savvy marketers like Mr. James have figured out how to get their products placed higher in the Google search pages. Hats off to Mr. James! One hell of an online marketer. But does he have a good trading product?
School Of Trade Education Product
The cost of the SchoolOfTrade is $4,999. This includes a bunch of instructional videos, educational materials, and a live day trading room. Normally, when I gather evidence to write a review, a major portion of that evidence comes in the form of Camtasia screen recordings of the live trading room, typically a minimum of two weeks of watching and recording live trades. However, with SchoolOfTrade.com, there 
is no free trial of the live day trading room. If you go to their website, you will see a “Free Pass” to attend the live trading room, however once a person submits an email address, then they will be guided to a daily webinar, and not a “Live Trade Room”.
The daily webinar is supposed to be a Live Day Trading Room, with real trading happening. Anyone that registers can attend from Monday – Thursday at 2pm EST. In total, I recorded 4 of these live day trading exhibitions, normally this is where I collect hard evidence. However, at no time during the daily webinars did I ever witness any trading whatsoever. What did I witness? Every single of one of these live trading room exhibitions are nothing more than a very well rehearsed and well scripted sales presentation. Mr. James has been selling trading products for many years, after you have watched several of these sales presentations in a row, you will quickly realize that the live day trading room is nothing more than a 60-90 minute sales presentation. A very well scripted and rehearsed online infomercial.
Admittedly, Mr. James is an extremely clever salesman. As I watched his daily sales performances, I began to realize that this person is extremely talented at “selling the dream” of becoming a professional day trader. He presents well chosen, and well worn examples about how he consistently and very easily pulls thousands of dollars out of the markets on a daily basis. The presentation is very compelling, almost hypnotic.
Zero Track Record
One of the things that you will not find on any of Mr. James websites is an official track record of his trading. There is simply nothing mentioned as to how much money this guys claims to make each month with his day trading. I found this to be interesting, how does a person assign value to this trading product? How does a person establish credibility with this person? It appears that Mr. James uses a two pronged approach into diverting attention away from the glaring question as to whether he is actually a successful day trader. The first is his marvelous salesmanship. I would consider myself a pretty good salesman that hustled suckers out of millions of dollars, but Mr. James is right there with the best hustlers that I know. Its a great skill to have, but its also something that can be abused and cause others a great deal of pain and misery. Mr. James is extremely manipulative.
In addition to Mr. James amazing salesmanship and being a manipulative wordsmith, he is very clever at producing You Tube videos that hint and tease of his ability to create massive profits while day trading. A quick look at his YouTube channel, and you will find that every video contains snippets, references, and video playbacks of Mr. James nailing yet another winning trade. There are hundreds of these videos, I cannot find a single video where Mr. James loses money. Every video, hundreds of them, all show amazing profits and easy money to be made.
Lets take a quick look at the following video that was recently published on YouTube. Notice how the video is very short and shows a “winning trade”. The video purports to show a “live trade” that is happening in real time. However, this video is certainly nothing more than a replay of prior market action. In other words, Mr. James combs through previously recorded market data, looking for situations where the market made a strong move. He then uses market replay within Ninja Trader and overlays a simulated order on top of the market data. Since he already knows where the market is going to go, then Mr. James trades are always a guaranteed winner. He is attempting to create the illusion that he is taking a live trade, when in reality, this is just a sleight of hand. The newbie day trader with little experience is going to watch this video and be mesmerized at the quickness of his profits. But those of us that have been around can quickly spot the fraud. Take a look:
A person with little experience at trading is going to stumble into one of hundreds of these types of videos that Mr. James publishes on YouTube, and he is going to be lured into the scheme. And lets be honest at what this is…this is a scheme. A blatant fraud. In addition to this being a fraudulent misrepresentation of Mr. James and The School Of Trade, Mr. James also needs to include in each and every one of his marketing videos the requisite disclaimers that clearly state that this is not actual trading. Each and every one of these videos carries a fine of $10,000 from the CFTC, or the Commodities Futures Trading Commission. I personally find this type of behavior as outrageous and disgusting. While the majority within the trading education community are attempting to comply by showing the proper set of disclosures, it appears that Mr. James has zero respect for the criminal investigative body that monitors activities such as these.
On several occasions, I contacted both Mr. James and his wife, Megan James via telephone (conversations recorded) and requested proof that these trades actually were executed in real time. Megan James assured me that her husband is in fact trading live, with a real money account, and that all of his published YouTube videos correspond with a live trading account. However, she refuses to proffer a statement from a broker that substantiates the veracity of her husbands claims of trading success. I explained to her that I was simply looking for proof. She explained that she would be more than happy to “show something” to truly interested parties. And she went on to explain that if she were to show her husbands trading statements, then a person might perhaps use these trading statements to get a loan, or steal their identity. I very kindly requested that she simply redact all records of names, account numbers, addresses, or any other identifying information and that I was only looking for fills since the beginning of the year. Once again, she refused. Her most prescient response was, “we don’t want that type of information getting out there”.
I explained to Mrs. James that she is requesting that I send her $5,000 for her trading course, all based upon trust. Yet, she does not trust me enough to provide proof that her husband trades successfully. Amazing! I assure you Megan James, I have no interest in using your account statements to buy a car or get a home loan. She simply refuses to budge.
Next, I requested that she admit me to the live day trading room, where actual trading is supposedly happening, not the sales presentation room. That watching her husband trade, in a live environment would suffice as evidence of his trading prowess. Once again she refused and explained that his methods were “very secret” and that I could figure out his magic. However, she did explain that she would allow me to watch her husband trade, but only after I had paid my $5,000 education fee (non refundable).
If you are still reading this, you are probably flabbergasted at the outrageously fraudulent and ridiculous behavior of these charlatans. They offer zero proof of success and demand $5,000 to get a peak behind the curtain, where there is supposedly live trading. It makes you wonder how these two con artists pull off this scheme with such regularity and deftness.
Joseph and Megan James: How they execute the fraud
Over the past year, I have written about quite a few con artists selling fraudulent trading products over the internet. My usual mode and method for uncovering such frauds is by attending the live trading room, and screen recording the activities. After a couple of weeks, it is usually pretty easy at uncovering and exposing the fraud. However, it is also labor intensive. Several weeks of video must be recorded, and then the video has to be reviewed and each trade needs to be marked and recorded into a spreadsheet. In addition to capturing and recording the trades, I also look for limit order fraud, where the trading room moderator fraudulently represents his fills. Sometimes the frauds appear in the form of “mystery meat”, where the official track record will include trades that are stuffed into the track record, usually after market hours when nobody is looking. I have seen it all. The School Of Trade and Sideways markets is a different sort of fraud, and it was difficult to build my case.
Consider this, the SchoolOfTrade and Sideways Markets do not trade live for an audience. The only way to witness live trading is to spend $5,000 in non refundable fee’s. This presented a major problem for me, how would I tease out the evidence? Also, SchoolOfTrade and Sideways Markets refuses to publish an official track record for trades called inside of the live trading room. How do I validate those trades? In addition, Mr. James and Mrs. James refuse to show redacted account statements, how do I prove that they are or are not trading with a live account? All of this presented a great challenge, and it took me over 6 months to unravel the mystery.
Over the past year, I have received over 80 requests to review the SchoolOfTrade and Sideways Markets. Out of these 80 requests to review, nearly a dozen where actually paid customers of Mr. and Mrs. James, that had contacted me and hoped that I could expose Joseph James and Megan James as frauds. Some of these folks were quite angry and belligerent. Some were simply hurt and felt taken advantage of, most just wanted to forget the bad experience. One gentleman in particular claimed to have lost over $125,000 in an attempt to replicate Mr. James trading, wiping out his entire life savings. Another had taken Joseph James and Megan James to court, successfully sued for fraud and was awarded $2,265. The judgement is below:
Unfortunately, after Joseph and Megan began feeling the heat of lawsuits, and threats from angry customers, they quickly shut down their mailbox located in the Los Angeles area and moved to a new address in Delaware, which is a state notoriously liberal on corporate privacy. This is a very deliberate attempt to conceal themselves, and their physical location.
Another extremely pissed off customer of Joseph and Megan James dedicated a small and angry portion of the internet on exposing Joseph and Megan as frauds and charlatans. You can find some of his websites and information at the following web address. This poor guy got really hammered and is extremely pissed off. His name is Lloyd Hopkins and he owns a company named Interlink Software, I found him to be very credible and his personal story is very compelling. You can reach out to him directly at lloyd.hopkins@interlinksoftware.com. This guy is damn determined to see these two crooks prosecuted.
Another angry customer took to RipOffReport.com to express his anger. You can read the complaint here.
In total, I have personally interviewed nearly a dozen customers of Joseph James and Megan James. In all of these interviews, with actual paying customers, I was able to deconstruct how they are able to convince so many people to part with their hard earned $5,000.
How The Scam Works, Step By Step
The following is the exact sequence that each victim described to me in detail. This is how the fraud is executed.
Step One: the potential victim uses Google or YouTube in search of terms such as trading school, learn how to day trade, school for day traders, etc. The potential victim finds SchoolOfTrade or Sideways Markets. Both websites are heavily geared towards leading the victim to the YouTube channel. The YouTube channel contains hundreds, upon hundreds of supposedly live day trading success. The YouTube videos are very compelling.
Step Two: based upon the perceived legitimacy of the YouTube videos, the victim then signs up for the “Free Pass” to the live day trading room. The person arrives at the live day trading room expecting to see live day trading by Mr. James. Instead, the victim is given a 60-90 minute sales presentation that is well scripted and well rehearsed. This is where Mr. James and all of his skills of manipulation are put on full display.
Step Three: the victim will seek further proof that Mr. James is trading successfully and they will usually call Joseph or Megan on the telephone. Joseph or Megan will determine if the customer is serious about spending money. The victim will usually ask for some sort of proof that Joseph does in fact trade live. Joseph is prepared for this question and keeps a prepared “record of actual trades” that he will show, but only to those that he feels are close to spending money. Joseph and Megan show the following document to the victim, please notice how the document claims that all trades were made on LIVE ACCOUNTS.
Step Four: the victim, after viewing that Mr. James typically earns $50,000 each and every month, with NO LOSING MONTHS and NO LOSING DAYS is now very excited about the prospect of paying $5,000 to learn Mr. James trading methods and easily earn at least $50,000 each month. Mr. James is very reassuring that these returns will be easy to obtain, all they need to do is attend the live day trading room and copy his trades. The victim then signs up, usually they pay in monthly installments such as the following:
SOT-Credit-Card-Authorization-1st
Step Five: after the victim has made their initial payment, they are next instructed to begin watching a series of educational videos, open a NinjaBroker.com account and are given access to the live day trading room. The victim usually spends the next two weeks absorbing the educational videos and reading the materials.
Step Six: the victim now begins logging into the live day trading room and attempts to replicate the trades of Mr. James. The victim, over a course of several weeks begins to realize that no live trading is actually happening. Instead, there is only conversations regarding trading. No live DOM on screen, no trading from the charts, no accountability whatsoever. The victim then begins to realize that his results are not the same as Mr. James. They begin to learn that getting a limit order filled in their trading account is not the same as Mr. James simply shouting into the microphone that he got filled. In fact, this is the number one complaint from all of the victims of Joseph and Megan, that they cannot replicate the trades.
Step Seven: usually at about 3-5 months, the victim is losing money consistently and has continued to pay the monthly payments to Joseph and Megan James. The customer is now starting to realize that things are not adding up. The official track record was a fraudulent document, and they were hustled by a husband and wife team of con artists.
Step Eight: the client then attempts to recover the fee’s paid to Joseph and Megan. Instead, Joseph and Megan then turn over any uncollected fee’s to a credit collection agency which will then harrass the customer until they are paid. Many of the these victims are located outside of the United States and do not understand our laws and how to initiate a claim of fraud. Many are left with little recourse, are ashamed and simply disappear. Yet fewer have the courage to contact me directly, to tell their story, and to warn others of the fraud.
Were You Scammed By Joseph and Megan James?
I have good news for you. The document that Joseph used in the spreadsheet is definitely fraud and actionable. Mr. James clearly states on the bottom of the document that all of the trades are real trades with a real trading account. If the trading records of Mr. James are subpoenaed and he cannot produce brokerage statements that correspond with the spreadsheet, then there is little doubt that the CFTC will not refer this case to the FBI for criminal prosecution. In addition to mail and wire fraud, Megan and Joseph are also in clear violation of CFTC disclosures, in particular the use of YouTube videos that purport real trades without disclosing that these trades where actually hypothetical.
How do we get the CFTC to act on this? Quite simply, enough people need to immediately begin to fill out the following complaint form with the CFTC. You can find it here. The form only takes a few minutes to complete. After the form is submitted, approximately 10 to 14 days later, you will be contacted by a lawyer that works in the enforcement division. They will interview you, the process takes only a few minutes. They will then have you forward any and all pertinent information to their mailing address.
Please keep in mind that the CFTC enforcement lawyers are overworked, underpaid, and very much not appreciated. There is a massive amount of fraud committed each day. It is important that everyone file a complaint. The more complaints the better. Will the CFTC do anything? Truthfully, I am not sure. In several instances, enough complaints were filed and the company closed down within 12 weeks. In other instances, the CFTC did not take the case. If you are a victim, then file your report and do not wait!
Wrapping Things Up
This review was difficult because it had to be conducted on only interviews from victims. The collection of evidence took several months. And many of the victims simply did not want to drag up the past and relive painful old memories. Too often I heard, “I just want to forget that it ever happened”.
Many of the victims described a sense of shame. They were embarrassed and hurt and did not want their names published on a public blog. All of the victims described monetary loss at varied levels. Although I cannot confirm the amounts lost for each customer that got hustled, I can confirm that each experienced a great deal of pain at being swindled. This review was different for me, on a personal level, because I spent a great deal of time on the telephone. Many victims are located in foreign countries, speak in broken English, and attempting to express their pain and disappointment can be a challenge.
As each negative interview stacked up, and I heard the same repetitive story, over and over, it really hammered home to me how much harm Joseph and Megan James are causing honest people. Sometimes I wonder if Joseph and Megan have any soul, or any goodness in them? How can they, for all these years continue to operate as liars and frauds? At what point do people like this finally wake up and look at themselves, and see themselves for what they truly are…con artists, leeches.
In my opinion, people like Joseph and Megan do not simply and voluntarily shut down and go do something honest. They have to be taken down in a brutal manner. By people with hand cuffs and badges. They have to be dragged in front of a court room and be stripped down and exposed. They need to be locked inside of cages. In a place so foul and shameful that they are forced to see the truth about themselves.
Well that’s if for now. Sorry for such a long and dreadfully negative review. Don’t forget to leave your comments below. Even the hater trolls will find a warm a generous place in which to hurl insults at me or anyone else that disagrees with them.
One Final Note…I contacted Megan James on the telephone on November 15 and gave her plenty of advance notice that this negative review was coming, and it would not be pretty. I gave her one last chance to show me that Joseph is actually trading with a live account. And that his live account would be used to write a highly positive review. She refused. I even offered to pay her a flat $5,000 fee (non refundable) to see his trading records since January 1st, 2015. She refused my money. Amazing stuff folks.
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Good thing I found this article. I was almost ready to pay the $5k.. Trading books are still the cheapest and safest way to learn.
ere is what I found when researching SOT (School of Trade)
AUTHOR: Toby – (United States)
SUBMITTED: Friday, August 17, 2018
Is this your employer?
Washington DC — The Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants Joseph Dufresne (a/k/a/ Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their companies, United Business Servicing, LLC and United Business Servicing, Inc. (collectively, United Business), doing business as SchoolofTrade.com (SoT), who were charged with fraud and other violations in connection with the offer and sale of futures trading strategies and systems.
The Consent Order, entered by Judge John A. Kronstadt, U.S. District Judge for the Central District of California, on November 22, 2017, requires Dufresne, Renkow, and United Business jointly and severally, to pay restitution to defrauded investors totaling $3,941,157 and a $1 million civil monetary penalty.
In addition to the monetary sanctions, Defendants are prohibited from, among other things, trading in any market regulated by the CFTC and from applying for registration or claiming exemption from registration with the CFTC in any capacity.
The Consent Order arises from a CFTC enforcement action filed against the Defendants on September 30, 2016 (see CFTC Complaint and Press Release: 7464-16, CFTC Charges California Residents Joseph Dufresne, Megan Renkow, and Their Company, United Business Servicing, Inc., doing business as Schooloftrade.com, with Fraudulently Marketing Commodity Futures Strategies and Systems).
In the Order, the Court finds that the Defendants engaged in a systematic pattern of materially false statements and omissions in connection with the marketing of SoT’s trading strategies and systems.
Specifically, the Court finds that Defendants: 1) touted the profitability of SoT’s trading strategies and systems and claimed hundreds of thousands of trading profits earned every year when, in fact, none of Defendants’ accounts has ever been profitable; 2) falsely represented to customers and prospective customers that Dufresne was a successful professional trader with years of experience and numerous awards when, in fact, Dufresne has little experience, has never been professionally recognized, and has never been a profitable trader; and 3) purported to make profitable trades in live accounts in real time in SoT’s “Live Trade Room” when, in fact, none of the trades called or profits claimed to have been made in the “Live Trade Room” can be found in any of Defendants’ accounts. Additionally, the Court found that Defendants failed to prominently display in their various solicitation materials certain disclosure statements required under CFTC Regulations concerning simulated or hypothetical trading results and client testimonials.
The CFTC cautions that Orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers many not have sufficient funds or assets. The CFTC will continue to fight vigorously for the protection of customers and to ensure the wrongdoers are held accountable.
I’ve been in his room since 2010 and he is the real deal, look at all the different strategies he teaches you and a plethora of materials for you to review, every day he is live and communicate with you if you want to, and you can see his chart trader and account number if thats what your into, of course a smart trader takes his own trades and uses the knowledge that you gain going thru all the materials to trade, and the amount of $$ you make depends on how many contract you trade and $$ you got. I’ve seen him live make thousands a day over and over again on a real account.
I have read a few good stuff here. Certainly price bookmarking for revisiting.
I wonder how much attempt you put to make one of these wonderful informative website.
Something to consider...
I can’t vouch for whether JJ’s historical claims are legitimate, the courts are busy working on that. But when criticizing JJ, most people make the “Poisoning the well” Ad hominem logical fallacy. That is, someone’s personal behavior doesn’t necessarily discount the validity of what they tell you. You owe it to yourself to investigate the information in its face. Now I’m not here to justify or excuse any alleged behavior…that is not the point of this post.
I’m a 25+ year trader across a number of markets and became an advanced member of SoT in January or 2010. I joined NOT to watch him trade live and make *himself* profits. I could not care less about that.
I am not looking for a magic pill, a person to simply mirror and make “easy” profits. It takes a LOT of personal study, discipline, and dedication! I have traded consistently in the live trade room with JJ, but for me the main purpose of the room is consistent discipline and education during real time market sessions. I combine what he teaches with my knowledge and experiences.
I joined because a lot of his approaches and trading strategies are very good, and profitable if done well. Also, the material is extremely detailed, broad, and easy for anyone to grasp.
Like it or not, JJ works extremely hard to prepare painstakingly detailed educational material, analysis, and trading strategies. He supports his members extremely well. The system has great value. And he clearly loves to teach and help others, regardless of his personal morality.
So, my advice, if you are skeptical, is to educate yourself well on technical analysis, crowd psychology, market sentiment, price action theory, and other major aspects of trading before you watch his free videos. Trade some of his basic techniques on paper and see how you do. If it works for you, consider joining. It may not be worth $5,000 to you, but it was to me.
I hope this helps.
Regards,
Ethan
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THANK YOU….YOU JUST SAVED ME A WORLD OF PAIN….I WAS ON MY MERRY WAY DOWN THE SLIPPERY SLOPE …OF SOT….
You do GREAT WORK…What do you think of Jared Wesley-Live Traders?
It’s really sad to see some of these people blame their problems on Joseph. Jared wesley is great, but doesn’t even compare to Joseph. I have never joined either paid course, BUT SoT’s FREE YouTube videos changed my life and my families. All of this non sense that I have read here, just makes me want to join JJ’s trade room even more after what I have gotten from his Free content.
Thanks
I watched one of their webinars and always check the web for reviews to see what I am really watching. At first I thought this one was recorded because everything was so smooth. The drawings, commentary, etc. I asked a question to see if there was anyone there and to my surprise he answered my question so the webinar was live. He didn’t speak of his paid content until the last few minutes which was kind of uncommon. Most free webinars constantly push their paid “courses” the entire time. As soon as he started talking about the fee’s, I was out like a light. $600 for him to spend 2 hours setting up charts. Ouch.
Thanks for the review. It helps level the playing field with these people.
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Hopefully, you are aware this guy is a fraud? https://www.cftc.gov/PressRoom/PressReleases/pr7651-17
His fraudulent FREE videos have changed my life. $3,000 this morning, in 5 minutes, with 1 contract on the NQ. I’m going to go give this to him for his course, just so I can thank him for everything he’s done. These trades happen daily, and multiple times a day.
P.S. Your article is fraudulent. “No results found”
Ouch?! You realize that 1 single contract on the NQ brought in over $3,000 this morning within 5 minutes of market open… I don’t think people realize what Futures are when they are talking about the cost of trading along side a great coach. Shoot, I haven’t even joined his group yet, but this mornings NQ trade just paid for the whole course in 5 minutes.
Thank you for posting this extensive review of School of Trades. I was honestly very close to signing up for the program but had some hesitation when I was attending “live” trading sessions in the afternoon and I recognized the trades he was taking did not match up with the morning sessions and also it was strange that you don’t see anyone else interacting with each other. I am so grateful for your review and saved me tons of money, headache and false hope.
I’d have to say if they are for real, their facebook and twitter pages would have more than 10 likes and much more quality interactions. I see none and that’s what gave them away.
Thanks again! Trade safe!
I dug a little deeper into this Emmett Moore person -I don’t think you is doing any of us any favors… Think about it- The guy practically writes a novel against this web site- spends a ton of time and energy ‘exposing’ SOT– Something is more rotten in Denmark more than Delaware IMO– https://daytradefeed.com/emmett-moore-fraud//
I also emailed him about doing live ‘s trades in the Free ‘trade room’ WEBINAR and of course he said No they were not live- Well- Duh– Markets closed by the time is dos the webinar- He is simply pointing out patterns he noticed during the sessions to educate… that’s it
I’m a 10 year trader and while I wouldn’t spend 5 grand to join SOT, his videos and newsletter is informative and spot on.
have to say in JJ defence, his strategies are excellent. After watching the free videos I have been consistently profitable since implementing his methods. The people who fail with these strategies are probably buying into resistance and selling into support. James doesn’t claim to win every trade, far from it, that’s where money management comes in. Thanks JJ.
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JJ would be the perfect TV preacher. Really, someone should please hand him a bible and a pulpit. He can just wing it and make a killing.
JJ is a great salesman. And his poor wife? Of boy. That poor woman. That poor, poor woman. Reminds me this song.
have to say in JJ defence, his strategies are excellent. After watching the free videos I have been consistently profitable since implementing his methods. The people who fail with these strategies are probably buying into resistance and selling into support. James doesn’t claim to win every trade, far from it, that’s where money management comes in. Thanks JJ.
Did you find this review helpful? Yes (2) No (12)
I have to say in JJ defence, his strategies are excellent. After watching the free videos I have been consistently profitable since implementing his methods. The people who fail with these strategies are probably buying into resistance and selling into support. James doesn’t claim to win every trade, far from it, that’s where money management comes in. Thanks JJ.
I dug a little deeper into this Emmett Moore person -I don’t think you is doing any of us any favors… Think about it- The guy practically writes a novel against this web site- spends a ton of time and energy ‘exposing’ SOT– Something is more rotten in Denmark more than Delaware IMO– https://daytradefeed.com/emmett-moore-fraud//
I also emailed him about doing live ‘s trades in the Free ‘trade room’ WEBINAR and of course he said No they were not live- Well- Duh– Markets closed by the time is dos the webinar- He is simply pointing out patterns he noticed during the sessions to educate… that’s it
I’m a 10 year trader and while I wouldn’t spend 5 grand to join SOT, his videos and newsletter is informative and spot on.
Joseph lies in the afternoon class about how good he is to get you to sign up, after you sign up you find out that he has a very hard time making money in crude oil. I gave him 2 years to make money in crude oil or s&p and he didn’t have the talent or setup to make money consistently. Strength trades that he takes in the afternoon class will be considered way to aggressive in real life to take in the trade room and he doesn’t take them and says they aren’t his cup of tea. What is true is that he has a very hard time making money for years and years when you give him a chance to show you.
Well, you should probably read this…
https://www.cftc.gov/PressRoom/PressReleases/pr7651-17
Emmett……excellent research. Thank you….You saved me a lot of pain…..what do you think of jared wesley and live traders…..tom………
So who do you recommend?
Outside of the SCAM part. What do you think of his technical or trading teaching? I’ve watch several of his videos just for the education part.
Please advise, as I want to learn, but want to learn truth.
I don’t know that I would call SOT a scam, they do provide a lot of good training. However, the live trade room is not as advertised. Joseph James states in one of the sales videos that he makes 3-5 trades per day. I’ve been in the trade room for months now and he is lucky to get 1 trade a day using his system. There is no way he makes any significant money trading oil either. He only trades 1 contract. Although I have learned a lot about the market from SOT I would not recommend it to anyone. $5000 is a steep price to pay for what you get here. There is a lot of free information out there to help you. Also practice what you learn on a SIM account first before risking any money. Good luck.
I think that the update on School Of Trade pretty much say’s it all. The CFTC really fleshed out the truth.
After all the hate spewed over the net about this guy, in many different forums, he still wants to sell you a generic trading education for 5000.00. While the CFTC is ruling on his fate he would gladly take your credit card number and sell you a worthless load of crap. There really isn’t much more to say about the con artist duo. I hope the public doesn’t send them another dollar.
By the way, just because someone has a negative opinion about the SOT doesn’t mean you don’t trade or can not trade. I don’t see how having an opinion about people that are obviously hurting the general public makes you a bad trader. I would believe at the very least it makes you experienced enough to see through the smoke and mirrors.
WOW.. So glad I found out all of this. Their ALL scammers out there. John Novak too. I’m keeping that website CFTC near to me. Just type in a name & law suits come up.
I’ve been trading for 20+ years and don’t make money. You have to cheat to make it or just be a slug and be content.
I’m happy anyways. I’m going to heaven when I die. Praise the Lord.
Bill
Emmett, I need to contact you. DO u have an email?
emmett@tradingschools.org
Why pay to learn how to trade? Learn your self. I have been taking it serious , paper trading, watching so many videos and so far I am doing very well with out paying a cent. At the end of the day is you and your self sitting behind the screen clicking to buy or sell. It does not matter how good or bad the system is. This scam can work from someone very well, like it might not work for others. REMEMBER you cannot try to replicate an strategy or a trader. YOUR PERSONALITY WILL NOT LET YOU !! Its like telling a futures trader to trade options or to trade penny stocks. He will not just for the fact that this is not who he is and what he likes. Guys open your eyes and just learn from the free stuff like LInda Bradford Raschke, she is an amazing trader and has few videos in youtube. Why charge if they are making money ? They can make more money out of the markets than teaching.!!
Ive been watching JJ for years now on youtube. I did get a chance to check out his free trial for 1 week. He seemed very guarded and promptly kicked me out once the week was up. I saw no indication of live trading at all. He would give lesson of the day bullshit but that was it really.
At the end of the day JJ is a great play by play commentator, he’s the equivalent of watching Scott Van Pelt call the plays on ESPN but thats about it.
http://www.cftc.gov/PressRoom/PressReleases/pr7464-16
Enough said!
CFTC just went after this scammer: http://www.cftc.gov/PressRoom/PressReleases/pr7464-16
Emmett, did this review have any part in starting or speeding up CFTC’s process?
Is it possible our asleep at the switch regulators have finally woke up from their nap and are going after these Day Trading Room Con Artist. Now just 1000 more to lock away. All I can say is About Time.
Nice to hear this news. It’s amazing to hear how they bilked over 2 mil as a typical sim dream retail trading “school”. It always seems to be far worse when the shtf day comes.
So im not a shill by any means. Im not a member of SoT. Nor do I plan on being one. I truly believe he is a scam artist. However, I still watch his free Videos. I use some of what he teaches. Not all. I just started trading futures but im not new to trading. So Far ive grown my account 42% just by applying a lot of what I learned from the free videos. I have no interest in becoming a member of his SoT. Nor am I promoting him. Im just sharing my experience with the free Videos. Not all of my trading is based off of what i learned from the free videos but some of it is. For example he goes over sell the highs but the lows a lot. Ive known this in the past but have never been able to put into practice until I watched his videos. I didnt truly understand ranges very well either. But i feel i a decent grasp of it now. I also Trade with other methods such als using the 5min opening range and 30min. As well as some Auction Market Theory. There is def. Some good Information to be learned in the free Videos. I just wouldnt pay for the school though. If he miss leads people in thinking they can trade his calls then yes i think he is a fraud. At the same time people are stupid and just want entry and exit calls so they kind of deserve it. Trading isnt a fair industry. It thrives of of the stupidity of the public. If you fell for it and gave him 5k without doing research its because youre stupid. Im not trying to be mean just being hontest. Fraudsters rely on stupid people and greedy people. And before you spell check me im using my wifes german iPad with auto correct. So i hope that helps. To sum it up. Yes he is a scam artist. Yes. Should he be sued or punished? Yes. Does his free videos have valuable information. imo it does. Some of it worker for me. Are you stupid if you gave him 5k? Yes!
On a Side note does any one know the settings that he uses on his moving average from the free videos? I havent been able to find it.
21 EMA
Back again reading about all the poor little fellas that got scammed by School of Trade. I was not scammed nor did I pay $5000 to learn to trade. As I stated before, JJ gives more valuable information four times a week for free then anyone I know in the business. Why not listen to the market training this fellow gives and then get to work and apply it to trading. It has taken me years and thousands of dollars lost to learn to trade so I make money. JJ is the reason as he is a master day trader and dedicated teacher. Trade of the day is an excellent watch in order to learn what a sharp mind like Jon Henry does in order to execute winning trades. I believe $5000 is a fair price to learn if their is a desire and a brain upstairs that is determined to learn. However, I do not need to spend as I have learned from this generous guy for nothing.
Myself, I will soak up the daily free video JJ offers and finish out my excellent week with viable trades. I advise all you little fellas to do the same instead of complaining about being scammed. Forget about speculating about the past trades they say they made and listen to the advice and patiently wait to execute if a trade materializes. See you in a month again. Meanwhile grow up and act like a man or is manhood actually disappearing around the world. Maybe all you little fellas are waiting for the Berne to give you free trading profits so you can eat. Fact is you sicken me with your pathetic sob story’s as you attack a successful man like JJ.
Now that Spring is upon us all the Shills are coming out of the woodwork and they’re just as annoying as an allergy. Trading statements Harry. Show us all what a big fella you are or are they an inflated figment of your imagination just like your manhood?
Man talk about fact free shill advertisement. Will you lose 10lbs also?
Harry, why do you sound so much like JJ the scammer… you are not real and this is JJ’s account and JJ is known to go to forums and pretend to be someone else and rave about his arse…JJ wont think twice to sell Megan for money and both of them are scammers and thieves. They knowingly steal peoples hard earned money by promising results that they cant even replicate.
Just imagine what sorts of children they will produce as from those who they happily take money do have children and fell for this two snakes and now they are working even harder to feed their own children. Harry have a heart and values,.. but like JJ why would you..
All those who supported this scammer and still do.
Finally justice will be served
CFTC Charges California Residents Joseph Dufresne, Megan Renkow, and Their Company, United Business Servicing, Inc., Doing Business as Schooloftrade.Com, with Fraudulently Marketing Commodity Futures Trading Strategies and Systems
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their company, United Business Servicing, Inc. (UBS), doing business as SchoolofTrade.com (SoT), with fraudulently marketing commodity futures trading strategies and systems.
The CFTC Complaint alleges that from at least October 2011 through the present, Defendants, in the course of selling memberships in SoT, have engaged in a systemic pattern of false statements and omissions concerning: a) the professional experience and trading success of Dufresne; b) the profitability and performance record of SoT’s trading strategies and systems; and c) the actual nature of the trading activity purporting to take place during SoT’s “Live Trade Room.” The CFTC’s Complaint also alleges that Defendants failed to display prominently in their solicitation material certain required disclosure statements concerning simulated or hypothetical trading results and client testimonials. Defendants sold at least 877 memberships in SoT and took in more than $2.7 million during the period charged in the CFTC’s Complaint.
Specifically, the CFTC alleges that Defendants have: 1) portrayed Dufresne as a successful professional trader with years of experience and numerous awards and recognitions when, in fact, Dufresne has little experience, has never been professionally recognized, and has never been a profitable trader; 2) touted the profitability of SoT’s strategies and systems and claimed hundreds of thousands of dollars in trading profits earned every year, when, in fact, none of the Defendants’ accounts has ever been profitable; and 3) promoted SoT’s “Live Trade Room” in which they purport to make profitable trades on live accounts in real time when, in fact, none of the trades called or profits claimed to have been made in the “Live Trade Room” as set forth in the Complaint can be found in any of Defendants’ accounts.
Additionally, the Complaint alleges that Defendants have failed to prominently display in their various solicitation materials certain language, required pursuant to CFTC Regulations, stating that their results are based on simulated or hypothetical performance results and do not represent actual trading.
In its continuing litigation, the CFTC seeks restitution to defrauded clients, disgorgement of ill-gotten gains, a civil monetary penalty, permanent registration and trading bans, and a permanent injunction against future violations of federal commodities laws and regulations, as charged.
CFTC Division of Enforcement staff members responsible for this case are Erica Bodin, Maura Viehmeyer, Alan Edelman, James H. Holl III, Michael Solinsky, and Rick Glaser.
* * * * * * * *
CFTC’s Fraud Advisories, Including Commodity Trading Systems Sold on the Internet
The CFTC has issued several customer protection Fraud Advisories that provide the warning signs of fraud, including an Advisory on Commodity Trading Systems Sold on the Internet. The CFTC has seen an increase in websites that fraudulently promote commodity trading systems and advisory services, and the information in this Advisory is designed to help customers identify this potential swindle.
Customers can report suspicious activities or information, such as possible violations of commodity trading laws, to the CFTC Division of Enforcement via a Toll-Free Hotline 866-FON-CFTC (866-366-2382) or file a tip or complaint online.
Media Contact
Dennis Holden
202-418-5088
Last Updated: September 30, 2016
Sharmas. Joseph James is still operating as I read your comment. I rely on his accurate trading advice on a daily basis and I profit from what I have learned from him and John Henry. Also, I have never invested a dime in his promotions, not a dime. Joseph is undoubtedly one of the finest day trading traders alive. I can’t account for the fraud suit filed against him. Perhaps it is the people that do not have the necessary ability to learn to trade or the lazy ones that are filing suit. Those people deserve nothing more if they failed because of themselves. What has happened to all the other “little fellas” that used to congregate here and complain about Joseph being a bad guy. Perhaps they decided to get with all the free advice and help Joseph gives out and they are making mucho grande dollars. They have no more time to complain because of their success.
This is an old review. The update is at
http://www.tradingschools.org/reviews/school-trade-sideways-markets-update/
where “the CFTC discovered that between September 2007 and April 2016, that Joseph Dufresne was a complete and total failure at trading. His total net losses were over $119k.”
Harry…are you for real…JJ hasn’t traded live money and he doesn’t know how to…Have you been in his room…He cant even make a call with confidence. John Henry is recording all his Trade of the Day videos in market replay. Have you noticed that they have stopped posting the videos since they have been charged.
Also have you noticed how quickly JJ has removed the Discussion tab off his You Tube channel and also disabled the comments tab too. JJ is nothing but a liar and a fraud and justice will be served.
Atleast JJ has been trying with real money since 2007. There’s this hole in my soul telling me Al Brooks has been sim trading since he went public and I am the fool for putting real money in this rigged game.
Efforts do not count. Only results matter. You, no doubt, discovered this when you came across the dastardly Al Brooks.
And just checked the You Tube channel of JJ’s and he has removed all those trades of the day videos. So our mission has been successful and it goes to prove that JJ and John Henry have been lying to us all….Why else would you remove all the videos pertaining to so called the Trade of the Day…when we all know it was in Market replay and JJ trades in SIM….lol
“I can’t account for the fraud suit filed against him.”
Can you account for the CFTC action against him? If you can’t, then all your comments and positive claims about him are irrelevant.
Justice has been served against J.J. We need CFTC action against Al Brooks still.
Harry
Lets play your game…Why dont you post your broker statement here for everyone to see and show us the last 3 days trade you took based on JJ’s levels.
Unless you are indeed JJ who has been proven over and over to use pesudo name to promote his own scam. JJ cant trade to save his life and only way he makes money is use Megan to tell lies to people and JJ is a scammer and soon will be dealt with.
I have called out JJ so many times if he has balls to show his broker statement . He deleted the discussion tab in his You Tube channel… Go on Harry aka JJ show us your broker statement… If not stop promoting yourself and supporting JJ….Lets keep other people who are looking for a educator better informed of the scammers. JJ the snake oil salesman wont think twice to take their hard earned money for his own lifestyle.
Hi, Harry! Are you member of SOT? if so, can you please give an email to contact you! thank you!
Harry is JJ himself …JJ stop pretending to be someone else you have been busted so many times and yet again..I dont know how you can breath knowing the pain you have caused so many people….
I believe J.J. borrows Al Brooks’ ventilator.
My experience with SOT
Wow, This is amazing. I was already sold on the system – after all, it seemed so easy, but it is important to remember: nothing is for free, especially when it sounds too easy to be true.
I skyped / chatted with Megan and started asking her all the “difficult” questions I came across after reading about the scam in forums and here on this page. She kept referring me to “teaching me all that after I sign up”. I asked her, why there is no sneak peek into the live trade room – after all, the “live trading” I saw where just recordings of earlier sessions. If it really works so well, then allowing me to see live trading with a real money account would certainly have convinced me, but she failed to deliver. Her response “we cannot give everything away for free” was not very professional.
Next, I was again asked to give it some thought and to sign up, once I am ready to learn all the great stuff and to make money.
10 min later, my free trial account was blocked / has “expired” … I guess that convincing me is just not a good use of time. I hope she did not find other victims.
Thank you for putting up this site. It saved me a lot of money.
Did you find this review helpful? Yes (1) No
Lars. Why not listen to every video that School of Trade has put out. Watch all of them over and over. Listen to the daily trades. Forget about spending money. I did not spend a dime. This JJ gives all the free information you need to become successful if you work at it. Also, watch the trade of the day with John Henry, this guy is brilliant. That is exactly what I did and continue to do. Forget about listening to these losers complaining about being scammed. Learn how to trade and execute your own trades when they appear. Remember listen daily to the presentation. Go to it man and you will succeed.
Best to you.
Harry
I will say it again. If School of Trade is a scam, then please introduce me to some more of the same. I have profited on a daily basis for several months from watching his chart highlights as well as following the excellent trade of the day replays from John Henry. Yes, and I have never spent a cent to enroll in the courses. I fact I ask myself why does he give away so much valuable trading training for free. I almost feel compelled to pay Jj for his training. I believe most of the negative commentary is directly from people too lazy to work hard enough to succeed. Master trader and trainer is what this man is. Excuse me folks, I got to get to his trading tips for today. Money to be made again.
The “trade of the day” is nothing more than a market replay. All of John Henry’s videos are video recordings after the trading has happened. So exactly how are you making these big bucks by copying a guy that is showing you a video of a trading simulator? “Harry Wagner” you should definitely pony up and pay JJ the $5k! Best of luck to you dear friend.
I have a great idea “Harry Wagner”, why doesnt JJ just post on his website a trading account statement that proves he makes $30,000 each and every month with never, ever having a losing day. Yep, no losing days in 6 years. Truly amazing stuff. Best of luck “Harry Wagner”. Idiot.
Emmett Moore.
The use of reviewing the trade of the day is to learn to know what to do when the comparable situation arises in the future. Only a mentally deficient imbecile would suck on the straw from an empty bottle hoping to enjoy a drink. Assuming that sufficient mentality is present a person can receive a richly rewarding education from replaying all of the various School of trade videos. Then there is no need to invest $5000 nor a need to look for someone to execute the trades for you. You can actually stand on your own two feet and not have to whine about being scammed by JJ the guy who has given the key to untold wealth for no cost.
As far as any assertions or misrepresentations by JJ, I am unaware I must say. However reading your misinterpretation of what I stated in a previous post makes me wonder if your mind is also capable of misinterpreting something he said or supposedly said. Anyway, the bottom line is that a generous JJ gives free advice over and over again. Advice that can be very profitable. So why pay for it.
Yawn Harry Wagner. You certainly are a student of JJ’s since you make great claims but provide not a jot of proof. Only a mentally deficient imbecile would fail to see what you are trying to do. First try to convince people reading this thread that Emmett got it wrong and the JJ isn’t a fraud and scam artist. Forget about the multitude of complaints and angry customer, forget about JJ relocating to escape said customers. Forget about the other people who have first hand experience of his fraud and have detailed it for everyone to read. The second thing you are trying to do is to get people to watch JJ’s videos so that they’ll get sucked into his marketing trap. Where’s your proof? JJ (Harry), silence your critics by producing your trading statements.
Making money by watch hindsight replay videos, Really. Harry you make my top 10 shill on this site reward. Hmmm, maybe Emmett should have a top 10 shills list. Nothing in life is free. Those videos are designed to show hindsight fantasy trades to sucker in people. That is there only purpose.
But heck Harry prove me wrong and show those broker statements of all the money you are making from watching those free videos.
Seriously, no one can be this big a fool!!
Harry Wagner if this is your real name and account, as we all know how JJ and Megan operate. They set up numerous fake accounts to self praise themselves.
Harry Wagner…put your mouth where your fingers are…show us you broker statement buddy that you have been successful with the RANDOM levels that JJ paints on his chart.
Why not show us your entries based on JJ’s levels and how successful you have been.
An open challenge to you. Show us the proof buddy
Thank you Saten,
For people that know me you saved me from having to write my political in correct rant about what a POS shill Harry Wagner is. Really Harry making money off of the replay trade of the day. School of Trades and Sideways markets needs to shut down and go out of business
I wouldn’t go for a $5000 course, no matter what !
But, in defense of Joseph James : try, plotting his support and resistance levels he sends out every night for free in his newsletter. (One can see what levels he’s using by looking back at the charts : basic, SOUND info. ) He almost always nails the correct continuation , or reversal levels.
True : WE have to do the work of deciding when to enter and exit, but I must say, he gives a lot of good rules to trade by, and levels to watch for, 4 nights a week ! For free !
…..just sayin……
I concur with you here…He does give out great quality info 4x a week and like you said for free. I have yet to find a trading service that would do the same without a paying sub.
On that note, I do believe the $5k is ridiculous and I do believe he uses sim trades to mask as live trades.
Free Newsletter is as far as I’d go here.
I think you would be better off doing analysis and finding trading levels that you can trust yourself. He rarely ever takes a winning trade therefore despite having payed for his course I personally prefer to study from more reliable books and material xD
I agree Bear- It looks like just this one guy Emmett Moore with a big ass axe to grind—
Total scammer!! He ripped off some of my trading friends and I hope he burns in hell.
Dont spend a cent with JJ the scammer and clown..
He uses the NTRenko bars and calls it his properity Bar…
He now uses GOMI which once again stolen from Big Mikes Trading Forum
JJ us recycling indicators to show he is a guru and we all know he is a liar,.
eam
There is no special JJ bars as you might be lead to believe….
Go here and get NT Renko which is very much what the JJ bar is..JJ and Megan are not being honest
…NT Renko Download
Save your money and go here for the set ups….
.https://futures.io/elite-trading-journals/30600-alpha-trading-method-ninjatrader-advanced-trade-management-jdneeman.html
Here is his chart set up
Chart Set Up
Charts to use:
Entry: 4-NTRenko
Set-up: 3-multiple of entry chart
Anchor Chart: 2-multiple of the set-up chart
Example:
o Entry = 4 NT Renko chart
o Set-up = 12 (3-multiple of entry chart)
o Anchor = 24 (2-multiple of set-up chart)
Analyze the Set-up Chart:
OHLC Levels (dotted lines) (GLOBEX-Session)
Key Trend-lines from Swing-highs/lows
Key Retracements from major swing-highs/lows
Golden Ratio Extensions from ‘moving-average-cross’ and ‘wave-count reset’ areas
Chances are that all these guys are none other than creation of JJ and Megan James as they have been found out previous in other forums where they create usernames and write on forums to support their scams.
Lets hear from the people now and see the truth from fabrications…..Liars and thieves will be just that….
+ Rob B
+Stray Dog
+Paul Iglesias
+Josh E
Saten Sharma,
Are you on Drugs???? Did you actually read my posts???? I hate this and all lying Trading Room that sell complete BS and could not profitably trade live if there lives dependent on it.
Hi
Rob B
Apologies for not reading it correctly and just read the first line and YES we both hate the BS trading rooms and the room run by JJ is the worst of all as he is a real scam and he has been given so many opportunities to come out and show the proof but he can only do that if he has got any at all.
JJ uses multiple log ins to write on different forums to support his scam .
Diito Rob B’s comment. I don’t know how even a casual reading of my comment could be taken as support for School of Trade.
Looks like JJ marketing machine is in action with a number of reviewers coming from dead to say how great JJ the snake oils salesman’s system is…
JJ an open challenge to you clown….Put your statement on line and you and the biggest scammer Megan James both know that you both fabricated the PnL and there is no prove in your trading at all.
How about…
+ Rob B
+Stray Dog
+Paul Iglesias
+Josh E
Above mentioned guys why dont you guys show the proof that you have taken the trades in the room of JJ and are in Green.
All the Trade of the Day are in Market Replays and JJ’s webinars are after the event where JJ makes millions and yet he cant make 500.00 trading 4 contracts in SIM in his trade room
JJ and Megan make money by selling the 5k useless Moving Average system
i was sent all the details and they are bullshit and one can smell it too.
Go here and look for yourself…
https://futures.io/vendors-product-reviews/4964-school-trade-legitimate-www-schooloftrade-com-17.html
u
Hi Emmett,
Just checking in to make sure you’re OK? 🙂 No scathing reviews in a while make me sad.
Best regards,
Josh
STOP SLANDERING AND DEFAMING SCHOOL OF TRADE AND JOSEPH JAMES & CO.
To any and all persons interested in learning how to trade the crude oil futures, index and gold markets etc., please be advised that School of Trade (CEO Joseph James) is hands down the best and I mean the gold standard of trading schools. I did a lot of research before deciding to pay $5,000 for the course and I can say emphatically that School of Trade is THE best online trading school out there. The trading strategies developed by Joseph James in conjunction with his colleague John-Henry Brink are nothing short of genius. And don’t believe anybody when they tell you they are not using real money. The course materials, video tutorials, live trade room, daily market recap and nightly newsletter are the most extensive, thorough and didactic available. And believe me, I’m the gold standard of being picky and smelling out a rat. I don’t know what beef you people that have shamelessly slandered and defamed School of Trade, Joseph James and his wife have-maybe you didn’t put in the necessary time to learn the course (which is not easy by the way but totally manageable)- but you guys are the ones that should be taken out to the woodshed. Anybody who has any questions about SOT can direct themselves to me at paulanthonyiglesias@aol.com and I will be happy to answer same. Happy trading. I’m in my third week of live trading with SOT and am in the green. Be well.
Mr James can easily “take me out to the woodshed” by simply releasing his 2015 brokerage statements that verify his claims of earning $30k per month with zero losing days. Very simple. I will write a new review and eat humble pie, and whatever you like. Unfortunately, Mr. James and his wife are complete and total frauds, and in due time, you will come to realize the truth. However, its going to take you awhile to come to this conclusion. Most people that contact me, that were defrauded, say that it took about 2 or 3 months before they realized the truth. So please do come back in a couple of months. We will still love you.
Best of luck Paul.
Thanks for your comment, E. Sorry your experience was not to your liking with SOT. Mine is totally different. I will say though that I think your demand to see a company’s brokerage statements is unrealistic. That’s proprietary business information. And there are like 200 reviews on Investimonial that back up my take on SOT. Again, sorry for your experience but Joseph James and John Henry Brink are tops in their field and to characterize them as otherwise is just plain not fair and not true. Best wishes, Paul
You should read my review on Investimonials, where I created a fictional company, and then littered it with “positive” reviews. Paul, these trading educators are hustlers. And your remark to not see brokerage statements is really silly (Proprietary business information), everyone reading this is going to chuckle at the naivete.
Paul,
I do not know if you are very naive or affiliated with the trading room. Most trading rooms are nothing but con artist trying to steal people’s money. They take what is already widely available for free then make some minor modification, and sometimes do not even do that, and call it their proprietary method or indicator. 99% of them could not trade profitably if their life dependent on it. It is all an illusion to sucker you out of your money. In fact the trading room I got suckered by had put up years of Ninja trader summaries up on his website. Eventually the members found out and it was all exposed to be fake on Big Mike. In fact some members showed how they could easily fake Ninja Trader results by showing millions made in a day.
In virtual all aspects of life you are vetted or vetting people. Would you hire a money manager to manage your money without vetting them and seeing if they actually have a history of profitably investing money. Or do you just hand your money over and say Good Luck? Do you invest in a mutual fund without checking its past performance? Do you just blindly hire anyone to build your home or do you thoroughly vet the builder first?
But somehow in this business we are suppose to take the trading room operators word they trade profitable and everyone I have ever known that does that gets SCREWED!! You should absolutely vet the trading room operator. And if he is not willing to show a DOM or chart that clearly shows his trade then he needs to show his brokerage statement.
The funny thing is if he was truly honest and profitable he would do all the steps below:
1) Clearly show his DOM or Chart showing his entries, targets and stop losses,
2) Keep and Display an accurate record of the trades he took on a daily basis,
3) Show his brokerage accounts verifing he took the trade.
And guess what if he did that, Emmett would probably give him 5 stars and he would have more customers than he knows what to do with. But instead you say he does not need to do any of that. Which speaks volumes. So my 1st question is are you super naive and drunk on the Kool-Aid, or affiliated with the trading room? And my 2nd question is why should anyone be stupid enough to give their hard earn money to someone that refuses to show any proof what so ever they can trade profitable? Gush I forgot we are suppose to take your word on it. If that is the case, then I have a great piece of property in Florida. You can build a million dollar home on it and sell it for $10 million. It is a steal and I will sell it to you for only $5,000. But this deal will not last long. And as you already pointed out you do not need to check anything. Consider the alligators and swamp as a bonus. You need to send my the $5,000 right away via Western Union before I change my mind.
BTW, I do not know how in the world Emmett puts up with idiots like this.
Emmett,
I have been interested in SOT for a long time but have not yet pulled the trigger, in very large part due to all the hate for SOT out there on the internet. It is tough to cut through what on the internet is true and what is lies. Thank you for providing this environment to help us.
Can you please describe how it is that it takes people 2-3 months of membership to “realize the truth?” JJ claims publicly that he trades live, on the screen, in real time, in his trading room, every day – just as he does on his videos and in his free afternoon (replay) sessions. He is very clear about this. Therefore, it would seem to me that either he IS trading live, real-time, on the screen, for all to see and follow in his trading room; or he is not. How is it that people don’t realize a ‘scam’ until 2-3 months? I would think that if I subscribed to SOT, I would know that there was a problem on Day 1 if he’s not trading live. And if he IS trading live, then what is the scam?
I will add one more dimension to my question, which is, is it possible that SOT’s biggest haters are from some time ago – quarters or years ago? Is it possible that JJ and SOT’s trading room was sketchier some years ago but that he has turned it around and provides a legitimate service today? Don’t get me wrong – I’m not offering an excuse for the past behavior if this is so – but I certainly am interested in whether his ‘crimes’ might be limited to the past, and whether I can benefit from his service today.
One final question. Does all of the hate for JJ also apply to John Henry and his “chat room?” JH publicly posts a “trade of the day” type video several times a week that shows live trade management. Do students see JH take live trades in real time like we see on his publicly-posted recap videos? (I don’t care if the public videos are live or replay – what I do care about is if those trades actually did happen in real time and if students were able to see and follow them in real time) .
Thanks again for your consideration. It’s frustrating that JJ and SOT won’t share proof of legitimacy to the public, but that doesn’t necessarily mean they are illegitimate. I’m really trying to understand how it takes SOT ‘victims’ weeks or months to understand a scam in play, and I’m also wondering if there are a lot of victims from earlier, shadier days in SOT’s history that doesn’t apply anymore.
Thanks and Regards!
The plight of the newbie! Let me explain how JJ executes the ruse on people like yourself. Its quite simple to detect, but you need to have experience in trading over a period of time, in order to catch how he executes the ruse.
In futures trading, there is something called the bid and the ask price. There is never a single price for a futures contract. There is the higher price and the lower price. For instance, in crude oil a person can buy at a limit of 30.00 or at the market at 30.01 or 30.02. This tiny little .01 and .02 is how he pulls the scam. Let me explain, JJ is not trading with a live money account, he is trading in simulated mode only. And since he is only trading in SIM mode, he is always able to execute at 30.00 at the limit order (best case) price. However, you are trading with real money account, and you will always execute at 30.01 or 30.02 because the limit order price is hard to fill. This little tiny one or two pennies may not seem like much, but it represents everything.
All you need to do catch JJ in his little lie is simply ask for a redacted account statement that shows his trades being executed. Redacted simply means that the account number, name, address and all pertinent information has been removed. All you want to see is his fills, from an actual brokerage statement. JJ wont show you anything. Why? He has a million different excuses why. But he wont. Period.
Furthermore, the videos that John Henry is producing are yet another fraud meant to catch the newbie. How is he pulling the fraud? He is using market replay. In other words, he is executing trades on recorded data. The net effect is that is it simply looks like he is executing trades.
These charlatans have absolutely no proof that they trade live. Nothing. Not a shred. Its a fraud, through and through. But as they say, “there is a sucker born every minute”…and so I wish you the best!
Thank for you for the lengthy response Emmett, but I am a bit confused by it. Apologies if I am dense.
In your comments on Rev’s review, you acknowledge both that (A) many educators are unfortunately trading mostly or entirely on sim, and that that can no longer be a reason to dismiss them, and (B) it is actually harder to fill a limit on sim than in live trading. Your response above indicates that your issue with SOT is that they’re trading on sim using limits, and I don’t understand why even if that’s true that it’s a deal breaker — assuming they’re doing it in front of the room in real time, and if the strategies they’re employing are effective (regardless of sim or cash).
Furthermore, I thought the whole issue of the scam with SOT was that SOT was not trading on the screen in front of people.
From your original review above:
“Step Six: the victim…. begins to realize that no live trading is actually happening. Instead, there is only conversations regarding trading. No live DOM on screen, no trading from the charts, no accountability whatsoever.”
That right there would be a major deal-breaker, but I haven’t heard anyone say that that’s what’s happening, at least for the last 12-18 months or so. (Matt’s experience above, for example, seems to be from SOT’s earlier days, which it sounds like were extremely sketchy at that time.)
To me, I don’t understand the scam if:
1. SOT trades the same way in their live trading room (whether sim or cash) as they do in their free sessions and replay videos
2. They do so in real time, on the screen for all members to see (whether sim or cash)
3. They are generating the kind of results (whether in sim or cash) they are publicly marketing, as long as conditions 1 and 2 above are met.
Again, if these guys are actually running a live simulator full-time in the trading room, that’s perplexing to be sure, but if my conditions above are met, who really cares?
One final thought – JJ’s free afternoon sessions are totally and obviously replay sessions. He presents it as such, so who cares (although I agree, I believe he used to ‘try’ to be less obvious about that). As for JH’s videos, I don’t care if these are replay *if they are reflective of what he actually does in the room in real time, for all to see* (or preferably already DID in the room in real time).
I’m GENUINELY trying to understand the scam and fraud here. My best assessment at this point is that these guys maybe WERE a scam up until maybe a year or two ago but maybe aren’t anymore. (Yes, a ton of conviction in that statement, I admit.) In fact, if that is true, that alone could explain why they don’t want to set a precedent and share their brokerage statements. Maybe they have them now but didn’t prior to a year or two ago. They may well not have anything to hide now, but are still hiding their sordid past. Or who knows, maybe they are still fulltime sim-traders. But WHO CARES if my conditions above are met.
I will say one thing though – it’s SUPER frustrating that both SOT won’t prove their legitimacy, AND that I haven’t heard anything yet that proves/explains their IL-legitimacy at least from within the last 12-18 months. By all measures, they *do* appear to have evolved from the scam we can all agree they seem to originate from.
Again, apologies if I’m being dense. I really want to understand.
What is the fictitious company you put on Investimonials?
Thanks again.
Ask JJ for account statements. He cannot provide any.
Ask JJ to trade with a live DOM present, on screen, during live trading sessions. He wont.
Ask Kevin as WatchHimTrade.com to see his account statements. He provides them and publishes them daily.
Ask Kevin at WatchHimTrade.com to see his live DOM present, on screen, during live trading sessions. He does.
If you are going to invest your financial future in a trading educator, try and focus on an educator that you can prove trades. And trades successfully. Best…
Yes i took the bait and spend 5000$ on it.
I dont have a bias toward School of Trade Nor they pay me incentives for writing this(maybe they will not lol)
Yes, its a 70% SCAM. Thats what i call it after join School Of Trade.
I can confirm you that the Free pass that JJ offers that take place in the afternoon is SIM trading, Market Replay. I do believe the Live trade room from Monday to Thursday is also SIM Trading on a Live Data Feed.
Yes, their indicators are 90% pirated with a couple of them they hired some programmer to do it i know because one day one indicator has a bug and JJ called the programmer to get it fixed.
Yes, JJ’s strategy is a losing business, i can count 1 to 4 trades are winning/BE trades and other 3 is losers before Mid 2015 they quit using JJ’s setup because they realize it doesnt work and it is causing trouble for their fames and they go to a customized AI Brook Price Action setup which do WORKS given the context.
There is another trader in the School Of Trade business who is called John Henry, he is the real deal. John Henry swings 12 and more contracts a trade on Crude, 24 and more cars a trade on ES. He uses the Price action strategy. He post every trade that fits into the strategy every end of the session which I can see the reason and why it works. He DOESNT CALL TRADES. He wont tell you ” now im gonna buy over here or sell over there” dont think of you can just copy trades and make money. You need you own decision. The thing is, if you learn the tricks and you do your back-testing, you will find out that his strategy really works.
If anyone still want to Join, let me gives you some quick advice. SKIP the beginner and intermediate courses, they are bullshit, skip most of the advance courses they are bullshit too, go straight to a categories called ” Price Action 3.0″ that one is the only thing works in the whole school of trade bundle. That is everything you will need for a trading career.
BTW i do believe the guy Paul Anthony Iglesias is a paid reviewer he doesnt know shit and he doesnt tell the truth.
To conclude this, School of Trade is two part of business, SCAM and TRADE. If you want to join, please be advised that you have to accept that you are buying 80% of bullshit and some working stuff given the context that you really want to learn, the thing they teach is not something they invented, you can get it from the internet but they just simply combined the package in one place and they have a strategy package with defined stop loss and target that can be applied immediately given the practice that is needed. (What i mean practice is screen time of at least half year for one market)
Paul,
3 whole weeks and in the green. Darn Tootin I cannot imagine how anyone could not take your word on it. I am sure those city slickers just do not understand honest folks. I tell you what why don’t you provide Emmett with some brokerage statement showing all that money you are making. I know it is just an insult to have to show any prove. After all God isn’t showing any proof why should you. But before folks fork over $5000 for this amazing course, maybe just a little bit hint of “Actual” proof would be nice.
My thoughts exactly Rob B. Wow! A whole 3 weeks of trading. What more do I need than then word of someone who has been trading live for a whole 3 weeks. Well, maybe proof that the strategies are successful in different market conditions.
If anybody doesn’t want to take my word for it, check out the 200+ positive reviews of SOT and Joseph James on Investimonial. There’s no market replay. I’ve been trading the crude oil market live in the trade room with JJ and John Henry Brink. Sorry, but you and the other person commenting below (Stray Dog) are grossly misinformed. That said, good luck to you with your trading.
The Con man is back and putting the videos up and also Market Replay videos to show how much profit they making in SIM. We must stop this con man and put him behind the bars.
Looks like JJ is also anti semetic! Read through his threaths here
http://www.keyfuturestrading.com/joseph-james-request-to-shut-down-this-website/
his last video appears to be 12-10
the comments have all been disabled also
Lets hope he has packed up and gone for good.
And lets hope they both have the handcuffs on them soon and locked up.
Guys
There has been no updates on SOT You Tube channel unless scam artist JJ has blocked me. Can someone confirm this and may be he has gone in hiding now that he has been exposed to be SCAM and nothing else but a low life thief, who is happy to take hard earned money from people with no hope of teaching them anything about trading.
He stole most of the indicators from other forums and called it his own.
https://futures.io/vendors-product-reviews/4964-school-trade-legitimate-www-schooloftrade-com-19.html
What makes me sick to my stomach, is SoT still continue to post trades on YouTube of trades they took in Market Replay, claiming they were winners! I mean what total and utter shills they are. It is disgusting that they continue to be able to operate and should all be strung up alive.
To the people out there. School of Trade DO NOT trade live. School of Trade DO NOT care about anything else other than keeping the scam alive and taking your money.
Ask them to prove it with showing their DOM. Ask them to prove it by showing their trading statements. They can’t, because they don’t have anything to show.
Please, Mr or Mrs newbie out there. Stay away from School of Trade.
Perhaps I need to start making youtube videos on scum such as these and promote you Emmett for teaching us newbies on how to do due diligence. Hope you don’t mind. Good job on this effort. You saved me from another snake oil trading academy. Watch how fast Google will ban me from posting against these yahoo’s. No pun intended.
Hi, i would like to say that this is a good rewiev of the school. I would say that what is being advertised and promised in the sales presentation is misleading. You do not get what you are promised. All Youtube videos are recorded on simulator after the market and sales presentations are also done on the simulator. Their trading education is crap and JJ is not a profitable trader. JJ is only a good salesman.
There is also a guy called vancitytrader who by my reasearch must have also been a member of this school and is now scamming people on the same way, probably even without a registered company. He is someone who also should be reviewed and when needed i can clarify my claims about him.
Hello,
This message is for Joe in the previous statement above. My name is Lino and I’m VancityTrader.com from Youtube. Joe I’m not sure if we have ever spoke but I dont recall. Your absolutely correct I was once a student of SOT and got scammed as well. To tell you the honest truth I have been scammed by others on this list. I have dedicated my self over 5 years of trying to learn how to trade consistently and still try everyday to become better. I have been officially helping others trade for just over a year. I do understand the black hole that this business shadows on “educators” but I really try to change that. I’m currently trading in the TopstepTrader combine and I’m in my last week of the FTP. My hope in doing this to provide people like yourself some type of trust factor in me. I was challenged to pass it and I’m trying my best to do so as we speak, and it has taken time and many tries. I just started to offer a trade room where I have been trading live in front of my students throughout the combine. I’m not the greatest trader in the world, but I make an effort to help others through what I have learned. If you read my website its straight forward and I’m upfront about trading in the TST combine, simulation or my own live account. I make it as clear as possible In the trade room. I trade from the charts, I show my DOM at anytime and I have live recordings of it all. As someone who has been scammed many times while trying to learn this business I take it seriously. If you would like to contact me directly and actually chat about my trading, myself and how I help people I welcome the chat. I can show you anything you would like. If you would also like to speak with successful students from my videos I can help you there as well. They are real people trading right along side me from the strategies that I have shown them. Some in the combine and some in there own live accounts.
Thank you.
Nice comment Lino.
Hope your business succeeds!
Emmett
To Lino, I contacted you a year ago, while reading through your website and you wanted 3000$ for mentoring. At that time you weren’t showing your dome and account on the videos and i eventually managed to figure out that you are trying to pass a TST combine as you one day forgot to cover some part. You were trying to present yourself as a succesfull trader at that time while you clearly werent and had i joined your school i would have made an even bigger mistake. Your trading is a mix of SOT and Eminitutor using macdBB, TriggerLines and that Keltner Channel. I have managed to pass a TST combine with such trading on April this year allready after only few months , i have however failed a FTP due to new pressure and because i didn’t know how to trade the trading range days that followed. Your topsteptrader combine and FTP preparation also doesn’t show any consistency. You were not able to deliver 10 consistent winning days with about the same amount, jet you earn most on one day and therefore you should not tutor other people how to trade because you should yourself take Al Brooks books into your hands and study them and if they are too hard maby follow MACK’s trading videos on youtube and through that you would be able to evolve yourself into much better trader and tutor if you want to be one. P.S. What i don’t like about you is that you are giving newbies false hope with your strategy as it is clearly not good and even you cannot deliver some consistent results on it on the biggest combine TST has to offer. Maby you should show how you manage a 50K combine with your approach.
Joe,
Thanks for commenting back, you correct my videos show a mixture of simulation, combine and real account. Over the past year I have tried to pass the combine several times all while trading my own equity account. My students always know what account I’m trading in before hand. If you like I can show you real account statements from the last time I traded my real account (August this year) since I started to focus on TST full time again. When someone asks me about it before becoming a student I usually try to be honest and upfront. As of right now I just finished day 8 of my Funded Trader Preparation and I met all the requirements and only have two days left to trade, you can see the update when TST posts the update tonight. I do apologize if I ever misled you. I’m really trying my best to help others and yes I do want to be an educator and I try my best at it. Hopefully in time I can get better, or at least to your standards and others. I enjoy it but if you think I’m not qualified well then I’m sorry. I welcome you to come into my chat room and speak with current and former students. I do believe my strategy is fine tuned with the risk/reward needed to win the markets consistently and me getting funded over the next few days will showit. I was never a student of eminitutor but I watched his videos everyday just like everyone else on Youtube. I was however a student of thedaytradingacademy but I did not like to trade ES and tried to make my own hybrid system for CL that is similar. Joe, I have no reason to lie to you or anyone. I never promised returns to any newbies. Anyway thanks for your opinion on my trading, but I have always had a blog about my trading since day 1 and it has helped me immensely in my trading journey. I wish you best of luck in your trading journey as well.
Lino.
Laaaaame. Dude you can’t even trade your own cash and you’re trying to teach others, GTFO.
Hi Lino…..i see you offer a trading room….but it’s only to students? Can you have a trading room where also non students (people that didn’t pay you $3k) can join also?
Hi citytrader,
Thanks for your question, Yes the trade room is currently only for students. My hope behind doing that is I wanted my students to be able to come in and watch, hear and actually see me trade the strategy live they are learning. After they go through the homework and 1on1 lessons with me they can see it live and after the trade sessions have lessons right away to answer questions. I feel that a trade room shouldn’t be for “shadow” or copy trading as long term this never works in my experience and just leads to failure. I think by opening up the trade room without learning the strategy will lead to that. I do now understand from the requests and comments on tradingschools.org that at least a free trial must be given into the trade room for potential students to see if the trading style is for them and they are comfortable moving forward. I’m currently working on adding that now. With that being said it may be a possibility in the future. I just received notification today that I have been approved for a Funded Trading account with TopstepTrader. This may take a week or two to get going as I just started the paperwork today. I hope that makes sense, feel free to contact me directly to have a chat further.
Lino.
Fun to hear about Al Brooks. I spent a year reading his book and trying to sim his method , often re-reading pages to get the gist and many months following his room. In the room he often ran counter to what was taught in the book often saying the market was reversing when a messy pattern failed. Never showed a trade dom, nor results, nor any trade calls. Just some vague recap where he might say he made a trade here, mostly 1 point scalps or would say he was break even for the day. In his early site, there was no one who could prove they could successfully trade the way the book taught. Most followers expressed frustration. That being said, it’s still a good read just to get an idea of price movement by bars.
Saten, I’ve been SCAMMED mercilessly but Joseph James and his wife Meghan/Morgan James. I ask you, SCAM ARTISTS JOSEPH AND MEGHAN JAMES, how do you even go to bed and have a good night sleep knowing you’re constantly SCAMMING innocent individuals?
To Saten, are Canadians able to file a complaint to CFTC?
I believe anyone who has been scammed can file the complaint to CFTC… i am going to do it tomorrow.
We must and have to stop this 2 clowns and low lives from hurting another person.
Anyone, from any country can file a claim with the CFTC. Its simple, its easy, and if enough claims are filed, then they act.
I don’t know why the CFTC can’t use this site to stop all these scamming assholes. Why does there need to be enough complaints to investigate? You’re already exposing them. Your reviews could keep them busy for years. Oh yeah, we’re talking about the federal government. Reactive instead of proactive. There’s obviously a need to regulate (or enforce regulations).
Emmett, these people scam on two levels, (1) teaching, ie using all their “proprietary” indicators to show people how to trade, and (2) actually saying/taking trades. How many people reading your excellent reviews are interested in being educated to trade for themselves (which does indeed take a long time and is no magic bullet) and how many newbies or others simply want the work done by a “real” professional trader and want to simply take the same trades (assuming the trader is actually real and does actually trade and does actually show trades on the chart or on a DOM and that his/her trades can actually be followed and taken at basically the same entry/exit as the trader? I think that’s a fair question and would be interested in knowing how people feel about that choice. Especially the folks who are following your site here. What is their preference and how does that affect what you are looking for in your reviews? Education is one thing. Real time trading is another. That said, I really enjoy your site. It makes me smile and at the same time it makes me quite angry that people are being suckered into these schemes. Keep up the good work.
I completely agree – I think the vast majority of people looking for a trade room do not truly desire an education but rather want a “trade call” room where they can just follow along and hopefully make money. The time it takes to actually learn this craft is not something most are willing to do. Instant gratification is what most want. This is why the scammers continue to rope in the marks.
Guys
We need to stop this two low lives as they have no regard to the hurt and pain they inflicting on poor people as they are more than happy to take their money.
Joseph James has disabled the comment section in his You Tube videos and all their Trade of the day videos are in market replay.
Lets team up and lay our complaints as suggested by Emmett Moore…. How do we get the CFTC to act on this? Quite simply, enough people need to immediately begin to fill out the following complaint form with the CFTC. You can find it here. The form only takes a few minutes to complete. After the form is submitted, approximately 10 to 14 days later, you will be contacted by a lawyer that works in the enforcement division. They will interview you, the process takes only a few minutes. They will then have you forward any and all pertinent information to their mailing address.
Excellent review Emmett. I hope there is a place left in hell for these people.
I just checked out their You Tube channel. I just can’t believe they post videos of their trades from Market Reply. It is so obvious it hurts.
I challenge them to show their DOM. I challenge them to post their trading statements. I challenge them to…oh never mind. Hopefully hell will freeze over and suffocate them.
Magnificent piece, I was in shock reading this!
Wow, I didn’t think this guy was that bad lol
Goes to show :/
Megan James was courting me to sign up for the $5000 course. Below was the exact email I sent her. I never heard back. An opportunity to make thousands and thousands of dollars just for 1 piece of paper. You are right … scammers … because that 1 month profit statement doesn’t exist. SCAMMERS ….
I would like to subscribe to the advanced trading room. For a $5000 membership fee, could you please send a broker statement (redacted of course) for any month in 2015 that shows a profit of Mr. James’ trading, and I will sign up immediately! I also have 2 other colleagues that will join the advanced trading room and pay the membership fee. We all have lost money before because we did not check ahead of time. We look forward to learning with Mr. James. Also, does JJ offer services to manage funds, and if so what is the maximum amount he will manage for one client? I am asking for the owner of our company.
What all these scammers hide behind is the “WE ARE EDUCATORS” angle.
But they know , since most are fraudsters, people are driven by greed.
Telling people honestly that:
1. Trading is the hardest fucking thing you could possibly do for a living PERIOD
2. 95% of all traders fail, blow up or leave .
3. It can take years (yes 5-10 years) to become an effective, profitable, consistent trader.
4. You cant become a trader in 6 months . FUCKING HELL NO , you cant PERIOD.
5. You will blow up 3-5 trading accounts before you start to learn anything.
With all that being said, who the hell in their right mind would sign up for any of these trade rooms based on those hard facts.
This is why they pry on greed, promise huge returns, and a flawless system to suck in NEWBIES and the desperate.
Their very existence is based on something that is nothing but fantasy ..
Man, I am starting to think there is a very thorough vetting process required to open up a trading room. You must be able to 100% absolutely prove you are a complete, “SCUM BAG”.
To expand on Stray Dogs posts. I keep telling traders there is nothing new or secret sauce out there. Trading rooms just revamp and teach basic day trading 101 techniques. They make minor changes and give their signal a new name. I can not tell you how many sites I see take basic Fibs change the level and it is all of a sudden their secret level. Most of the supposedly proprietary indicators are just a rehash of an indicator available on Big Mike. There is no colonel sanders secret sauce.
The bottom line these trading rooms are not teaching people to trade and slowly build up their accounts. Instead what they are teaching is complete fantasy where with a $5,000 account you can trade futures (good luck) and make $250K a year with an 80% win rate and take home $1,000 a day like clockwork. Oh and have a straight up equity curve. I tell you, your chance of getting hit by lightning are better than that happening.
But as a once Kool Aid drinking member of the Jaquar Club, I know how powerful that fantasy can be. Thank God, I finally woke up!!
Thank you Emmett
A thorough and factual review and one that has been very long overdue. Joseph James -JJ and Megan James have been the biggest fraud out there. I have have been updating their You Tube channel with the information and set up until JJ restricted the comments sections.
JJ i know you are reading this. Be a man and i know its hard to call you a human being…Show some humanity and front up. Show the proof and your verified broker statement.
Scammers like this have no values and credibility. Would love for members to update all the forum they belong to about this scammers and lets save few more people from giving them their hard earned money
Thank you Emmett and Love your work..
Sharmas
he has NEVER had an account opened that made any money…his real name is Joseph Dufresne, and spent time in AZ jail; according to lawsuit filed summer before last via CFTC. His remote personal assistant QUIT helping out with the LIVE chat room, and doing Friday trade room duties just after the ‘heat’ turned up when above mentioned lawsuit was made public knowledge.
but he’s really good at internet marketing ain’t he?
So where can I learn to do trades then?
I signed up with this site tonight after reading Emmett’s review https://www.tradingschools.org/reviews/watchhimtrade-com/
babypips dot com / school – focused on forex but a lot of it applies to trading anything
swing-trade-stocks dot com- free beginner info for swing trading
asx dot com dot au education – basic info
investopedia dot com click on active trading
Look at the the dummies books and check out Amazon
This was a much needed review, I signed up for their free trial as well but of course it was nothing more then videos, that’s as far as I got. I’ve also seen the number of bloodied and bruised bodies (figuratively speaking) they left all over the place, Investimonials and pretty much all over the internet. Pretty shameful I have to say.
I made the mistake of joining School of Trade in 2013.
Technically speaking I was only scammed out of $4500 as I had a 10% coupon!
I truly applied myself as a new student, watched all the video’s, and worked hard to try and replicate his method/trade calls. Strangely I kept getting myself into trades that he somehow at the last minute decided no to enter or worse was always a few ticks behind his entry. How did he buy 25’s I would think.. must be my internet connection. I was naive to say the least.
About 6 months later, realizing I had probably been duped, but still a member of SOT, I started corresponding with Lloyd on the “Is school of trade legitimate” thread on BMT and through my two cents into the pot (I am fibbee). At the time I was still holding onto the fact that this might not be an entire fraud, after all he was providing education, and that my own actions with over leveraging his auto-trader was the root of my losses and not being successful with his method. Reading my contribution in hindsight is a personal face-palm at times.
Being an elite member of BMT and having access to the elite downloads, I was surprised when “JJ” released his “beta indicators” package that was chock full of things out of the elite circle and even a couple indicators from other vendors. You can read this thread here: https://futures.io/vendors-product-reviews/4964-school-trade-legitimate-www-schooloftrade-com-14.html
To get to the point, I was booted from the School of Trade, and not given an explanation as to why when I asked, within a day of posting that he had been stealing indicators.
File a quick complaint with the CFTC, I do these complaints all the time. They take action, but its slow moving, and we need a coalition.
I know guys like JJ. I used to be just like him. They ONLY thing they respect is when law enforcement comes kicking the door down. He will never stop, its not part of his DNA. Only the authorities can do it.
Seriously, its time that members group together and file complaints. As a whistle blower, there is only so much I can do. The victims needs to ban together and shut these charlatans down for good.
Emmett …you are a legend. keep on exposing these rats for what they are. Joseph James even looks like a fucking rat.
Exactly my thought. Keep up the good work Emmett.
Good job again Emmett. Finally people are coming forward. It’s true those of us who have experienced and have figured out many of the scammy tricks could probably easily never have bought SOT’s advertisement. I was surprised to hear that many who wrote about their experience were foreigners to the U.S. not well fluent in English. It’s sad they see an American site with a handsome friendly-sounding american couple and think the generic name “SchoolOfTrade” is legit. If you see SOT “testimonials” trade , there is at least one or two testimonials every month. One thing in common with testimonials of these scam sites which are of course faked and look like written by the same people is that it’s always about “new” students who have early success. There is hardly any report of a student who has been there a year and claimed “consistency”. Another site with no reviews is http://www.specialisttrading.com Maybe it could be added on the list.
Hi Sam,
Regarding Steve Primo and Specialist Trading, you can find the review here.
Regards,
Emmett
Speaking of Ninja Trader.. It seems that since they switched focus to be a broker
instead of a software platform they share some responsibility in promoting these
fraud training vendors yes?
They sell you their non transferable software – Then they promote vendors who they likely know will result in you losing your money in the markets where they can again profit.
Making money on all sides and then when you are finished they lower their cost knowing they will not have to support the lifetime software license you purchased from them.
thanks emmett; this is the one i have been waiting for; now that i see your review, i am speechless and need to be alone with my thoughts. i think i will go buy some silver bars today
LOL!!! I love it.
Emmett ,
Wonderful job on this one.
This hustler been ripping people for a while.
A very elaborate scheme.
I know several people personally who got caught in their bullshit right when they started.
They were fortunate to bail very early before they got completely screwed.
Emmett ,
You are building quite a CELL BLOCK …
Perhaps an Image of the old Alcatraz Prison Map, and you could fill in the Cells after you do the reviews.
Might be a nice touch.
Thanks again for uncovering another fraud …
An excellent yet depressing read all round. It goes without saying that this couple are low lifes beneath contempt. Sadly the bulk of my despair is directed at the people who fall for this fantasy, don’t do even basic due diligence, abandon their common sense and hand over wads of cash to fund the lifestyle of these scumbags and thus perpetuate their ability to keep the scam going.
My anger is directed at the industry in general, and folk like Ninjatrader who willingly lend many of these outfits a veil of legitimacy by getting into bed with them as ‘education partners’ (not sure if they do with these shitbags?) with not one fuck given about how they go about their business . It is a very sorry state of affairs that you Emmett are the valiant one man band watchdog / anti- corruption lobby for what must be a multi-million dollar industry. Where are the big brokers in all this? Where are the owners of the few legitimate rooms in forming some sort of trade organization with a minimum set of standards / values? A desperate state of affairs all round.
Want to hear something hilarious? Even Ninja Trader booted them from the ecosystem. That ecosystem is a swamp of fraudulent educators. Even Ninja didnt want anything to do with them. That’s a new low.
And we have to assign some of the blame to those that got suckered. They believed that spreadsheet of trades and believed that their lives were about to change for the better. Amazing.
I can understand people being prepared to pay to learn to trade. The appeal of having an organized curriculum in one place is very compelling. Although you can find all of this stuff online for free it’s a time consuming and piece meal way of learning so it’s natural for people to want to have some structure to their learning. The advice I wish I had received would be to go old school and read books. Go to the local library and see what they have. See what you can find for your Kindle on Amazon for $1. Join meet up groups and avoid anyone who is trying to sell you anything.
Very accurate review. This guys is the scammer amongst scammers. He is a brilliant fast talking salesman who has mastered the art of online marketing to a T. He does as good of a job as any of keeping all of his sites etc high on the search rankings and planting fake reviews all over the web etc. When I was looking into him, I knew enough about trading to see he was a charlatan but it was really clear that he was very good at his marketing prowess and fast talking that someone not familiar with this business could very easily be sucked in. Back then, he gave a free trial and he would say he was in a trade at a certain tick that was well into profit already and occasionally he would slide a screen onto the main screen showing he was in fact, in that trade. But, other times, he would say he was in a trade, and it would go south, but he would be out with 2 or 3 ticks on that one apparently, but then wouldn’t slide that screen over to see that of course. Only the winners he was so eager to show… He would NEVER show an after market summary screen of any kind or DOM and he would just put a spreadsheet together claiming how he did and of course he always KILLED it each and every day. When asked why he doesn’t just you the Ninja summary screen so everyone could see what he did, he would have a complete BS excuse of course. At $5000 a pop, he probably continues to do very, very well for himself. When he was doing the free trials, the scam talk really started heating up in various places causing him to obviously do this latest play to get your money before he lets you into that room to so you can clearly see his is a scam. By the time you do, he already got your money obviously. Like so many in this business, this guy has no soul and obviously neither does his wife. It is my understanding he also has a very shady past on top of this scam