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Is ""Private Equity Trading" a SCAM? Advice needed

Discussion in 'Making Money' started by Arn15, Feb 25, 2014.

  1. Arn15

    Arn15 Newbie

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    Hello everyone,

    I recently contacted someone who I saw promoting a course on Instagram (£1000) which teaches people how to trade and has screenshots of messages from their "students" impressive results.

    They are a private equity firm and are based in Canary Wharf.

    Their Instagram: jawealth

    The guy seems honest and helpful but I'd like some advice, this is the introductory email the Marketing Executive sent me:

    "We provide a two day intensive course showing students how simple it is to trade & make a profit. The course is available any day of the week & we also provide evening lessons.

    The course is £1,000... I know you're thinking that's a lot if money BUT look at it as an investment in yourself. After you're knowledgable enough & confident that £1,000 will bring you £5,000 maybe even more! Most of our students earn £200 a day minimum.


    We set you up on a Demo Account for the time you’re here & when you leave you’ll continue to use the account to better yourself.


    During the time you’re practicing at home we’ll be monitoring you & still continue to help. You're more then welcome to come into our offices after you've completed the course for more assistance if needs be.


    Within a month of leaving you should be good enough to use a live account & earn profits of £200 a day minimum.


    Within a year we’ll be hiring some of the students that have been taught here so they can trade for us in our offices. So there’s a potential job opportunity within a year here.


    If you'd even like to visit our offices for a consultation & more in depth chat you're more then welcome.


    If you need any more information please feel free to contact us."


    Advice on whether you think it is a good opportunity or scam would be great, I have no experience in trading.
     
  2. KELLOGGS

    KELLOGGS Supreme Member

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    Their domain is parked and only being used as an email forwarder.

    Stay well away unless you have £1000 to burn.

    Edit: Doesn't look entirely legit to me. He seems to be the type of guy that flashes his parents money and acts as if he earnt it. Then you ask him how he makes money and he charges you £1000 for the method.

    It's the kind of thing that happens at DP. Either way, here's his Twitter:

    https://mobile.twitter.com/IamJoshante
    His IG is iBeat The System

    Proceed with caution is all I'm saying. A trader like that should have a website that works.
     
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    Last edited: Feb 25, 2014
  3. undiesman

    undiesman Junior Member

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    You're better off searching Google and doing your own research regarding things like this, there are shit loads of websites dedicated to teaching trading stuff for FREE. Any experienced traders would tell you that no amount of reading and lectures would prepare you for the market.

     
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  4. Arn15

    Arn15 Newbie

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    I really appreciate the advice, the instagram of the person I emailed is 'theboyjem' he seems like a good mentor. I was unsure whether this was just another scam as I'm interested in finding a business I can put a lot of time and effort into and become successful.

    "What do you mean by "It's the king of thing that happens at DP" ?

    Thanks again
     
  5. Arn15

    Arn15 Newbie

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    I would like to start trading asap or find a mentor to work for free if necessary, could you recommend me some websites/ videos to help me learn the basics.

    Thanks a lot.
     
  6. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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  7. KELLOGGS

    KELLOGGS Supreme Member

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    DP has a very common theme of selling methods. These generally relies on a loophole to make money and therefore aren't at all long term. For instance, the Youtube instant ranking method that was patched recently was sold by a lot of Skype spammers from the Digital Point Forum.

    I would advise you not to spend money on similar schemes. Methods that are sold are generally not worth the money, just like WSOs that you find on another IM forum.

    There are so many threads on this forum that could make you a lot of money and you don't have to pay. For instance, the ranking method was shared here for free while it was sold elsewhere.

    If you're really interested in trading then perhaps BHW isn't the forum for you.
    I'm involved in a pool of investors that respond to calls from a guy that knows what he's doing. If that's the sort of thing you're looking for, I'll happily put you in touch with him and that won't cost you anything.
     
  8. Sunday Lunch

    Sunday Lunch Junior Member

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    About 10-15 years ago I was in between jobs and a friend calls me up to come and work with him at a similar sort of set-up as the OPs guy. The way it worked was that you had a free seminar where the 30-40 attendees would get the hard sell to sign up to the paid for courses, they cost 2-4k (approx). There were 2 different courses, property and the other one was stocks. It was located in 'Canary Wharf' the reality was it was a couple of stops down on the DLR.

    Anyway, around week 2 (I think I worked there 3 weeks!) I got the job of upgrading the people that had been on the 1st paid for seminar (2-4k) onto the 'masters course' (5-7k).

    Going in I thought the whole thing was a blag however, speaking to people that had actually been on the courses what I found was that it was a bit like BHW, 90% of the people that had been on the 1st course never took action. Out of the 10% who started trading a good number of them actually made money, several had turned low four figures into high five figures in the space of less than a year.

    I cannot vouch for the guy youve highlighted but I can say that if you are planning on trading I would definitely find a reputable course, as you can wank £1,000 away making mistakes very quickly.
     
  9. bullsbears

    bullsbears Regular Member

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    Surely you don't wanna start with a grand. There would be many available with much lower price or even you can start brushing up the knowledge yourself reading online material.

    But if you are a newbie its a strict No for spending 1000 at the start.
     
  10. Arn15

    Arn15 Newbie

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    I'm so new to the idea of trading that I don't understand some of your 'trade slang' but I am appreciative of your guidance.

    What does the guy do exactly, the one you mentioned?

    thanks again :)
     
  11. Arn15

    Arn15 Newbie

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    The course intrigued me as it seemed to get quick results and was organised by people under 25, I'm 20 so i found it pretty cool.

    Do you have any advice on how to get started?
     
  12. leopard

    leopard Newbie

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    I don't normally post, but I'd hate to see anyone fall for this kind of thing.

    The phrase "private equity trading" is chosen because the creators of the program know that it sounds intriguing to your average guy with no finance experience, but sounds very awkward to a professional. It doesn't really mean anyhthing because "private equity" means the equity of privately owned companies, and isn't traded on open markets the way "public equity" (what most people know as "stocks") is. All it does is create this sense of secrecy that makes you feel like by paying that 1000 you're going to get access to this other world where everyone's making money and banging supermodels.

    Like everything else on this site, trading takes study, patience and money. As mentioned already, there are hundreds if not thousands of free resources online to help you get started. Most large brokerages tend to sponsor free trading tutorials/seminars/workshops that you should take advantage of. Real brokerages realize that it's in their best interest to teach you everything you need to know about the markets for free because they make their money off your trade commissions.

    If you really want to learn about the markets, take that 1000, put it in a brokerage account and start trading. Then go join a more relevant forum and try and figure out why you are or aren't making money.
     
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  13. broker11

    broker11 Newbie

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    It is a dying market (in the US at least)- tough to find investors with real capital willing to work with a broker who is new to the business. Cold calling isn't what it used to be, not to mention that e-trade, scottrade, and other sites have taken a huge portion of the market share. My business partner is a stock broker and does very well, only because he has established major clients over the past 15-20 years. Another close friend of mine owns a brokerage in Manhattan and is having a tough time keeping new brokers as most of them are in and out of the business within a month or two.
     
  14. broker11

    broker11 Newbie

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    Occupation:
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    PS: You just finished watching Wolf of Wallstreet, didn't you :)
     
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  15. thinktank1

    thinktank1 Regular Member

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    dont do it even the best money managers cannot beat the markets rate of return on average.
     
  16. Arn15

    Arn15 Newbie

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    I would like to say thanks to everyone for the advice, I have decided to learn from the bottom up and start learning about penny stocks in particular, I just have two questions...
    1. What are some good forums for stocks/ penny stocks
    2. Are there any courses/ websites/ tutorials you could recommend?

    Thanks
     
  17. Illini

    Illini Junior Member

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    I'm a finance major, and know a lot of traders / investment bankers / financial advisors. If you are looking to this as a main source of income be prepared to lose large amounts of money in between your big wins. On the other hand if you are looking to this as a way to invest other money, then I would advise NOT to do any individual stock picking and instead focus on ETFs and Mutual Funds.

    For example the father of a good friend of mine was talking to me a few weeks ago and he said yea last week I made $150k and I said wow that's great, but he followed it up by saying this week he lost $300k, and this is a man who has made a nice chunk of change as a commodities trader not some amateur blowing steam. So be prepared for the wild swings that come with trading.

    If I were you I'd start out at investopedia.com they have a wealth of knowledge accessible on all things finance.
     
  18. artizhay

    artizhay BANNED BANNED

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    Of course they don't. That's why experienced money managers exist. So they can throw your money onto an index and get you the exact market return because you were obviously unable to do so on your own, which is why you hired a money manager so that he could get you mediocre, average returns.
     
  19. ex nihilo

    ex nihilo Newbie

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    Well Said quoted, I am in complete agreeance.

    Take advantage of the free resources and be sure that this method of investing is what you really want.

    whats your investment goal?