Your Questions About Investools Scam

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Daniel asks…

Is Joey Miller and Traders Edge Live a scam?

I went to a recent seminar and saw some of the stock trading and forex strategies taught by Joey Miller and Traders Edge Live. It seems to be too good to be true. However, I have backtested the strategies and they seem to work very well for the past 5 years. Does anybody know if this is a scam?

Justin answers:

J. Star Jones,

I too was wondering the exact same thing when I had signed up a few years ago! So I’ll take the time to comment and hope that my experience will help you. Towards the end of 2009, I went to a Get Motivated event, and then through Investools and the James Smith Company, and found out about Joey Miller and Traders Edge Live. Eventually, I canceled Investools (thank God that they allowed me to cancel) because I found that Traders Edge Live was teaching actual, systematic strategies as opposed to just theory. I think Investools is great, but I was just looking for something that I could get started with right away.

I have since purchased all the DVDs, books on options, and attended a couple of Traders Edge Cash Flow Seminars and Advanced Summit events to further my education. I must attest that Joey Miller and Traders Edge Live is NOT a scam. They are real, genuine people. The teachers are excellent and understand the subject material as they are true traders themselves. I even signed up for a mentorship and am seriously committed to make this a part of long-term investment plan.

Having said all that, let me share with you some advice that I wish somebody would have emphasized to me when I get started.

1. Nobody can have a strategy that’s 100%. Strategies may work well in the past and continue to work in the future, but there’s absolutely no guarantee of future success. Your odds are just increased when you have a systematic strategy that has performed well in the past.

2. Take your time. Be patient and make sure learn the strategies fully, don’t skip portions and try to take shortcuts. With option trading, it’s very important that you understand the ins and outs as it’s a leveraged investment vehicle.

3. Don’t put all your eggs in one basket. I made the emotional mistake of putting too large of a trade in the beginning because I was so convinced that things would just work out forever. For the first 3-4 months, I made money so consistently that I just keep increasing my investments (even taking out money from a loan to invest). However, I was quickly humbled. So only invest with funds that you are comfortable with, and don’t try to “swing for the fence”. Keep your trades small, so you can recover in case there’s a bad trade.

4. Keep learning. The more you know and understand, the better off you’ll be.

Again, best wishes to you! I hope this helps.

Chris asks…

Investools: The Infomercial. Signed up for a free seminar and would like feedback from anyone who used it?

I signed up for the class and want to know if someone out there can recommend if that its worth my time. And that I am not being suckered into another one of these business TV Informercial scams. Just looks very interesting and informative. Appreciate all the feedback I can get. Thank you in advance….PS: I really want to start playing the market and thought this might be a positive way to enter the game and learn. Also were there additional fees etc required at the course. I got screwed 5 yrs ago by that Carlton Sheets bastard ones before on home buying investing

Justin answers:

Go to ripoffreport and type in investools – there are a few reports you might want to read before you get to that class….

Problem with infomercials as a whole is that the TV station doesn’t really care what is being sold to the public, whether it be a ‘bill of goods’ or a chopper/dicer…. They care that the airtime is being paid for.

~jennifer
Helping others create income from home through education of the system and how it really works.

Steven asks…

does anyone know about investools?

investools is a software package. they promise education and possible return on your investment. i am thinking about getting the package but not so sure if its real or scam

Justin answers:

Hi, I am currently a PHD student in Investools, and I started about a year ago. I’d say for the most part, it’s been pretty good. If you really apply yourself, you’ll probably be satisfied. However, I’d guess that only 20% of the students do that; those that don’t do not get their money’s worth. The course seems to stay pretty basic, and I’ve used it as a learning springboard , getting more “advanced” stuff from books. I might not have understood those books, however, without the basics from Investools. It’s expensive, the PHD is now about 23 to 25 thousand. Hard to get your money’s worth from that. DO NOT believe hints about how you can make this back quickly. That is hot (sales) air.

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