Better Trades Scam Review

 

Better Trades, is a teaching system to show people how to make tons of money daytrading stocks.  Have you seen this infomercial?  They talk about how the "buy and hold" strategy for stocks doesn't work, and by learning to daytrade stocks you can make huge profits.. like 47%.. on your investments..and, of course, anyone, even a child, can learn to do it.    They offer you free seminars in your area and urge you to sign up and come learn about their system. 

What they don't tell you is, once you get to that seminar, they will turn on their high-pressure sales tactics to get you to sign up for a 2-day seminar, where they tell you they will teach you to do trades.  Their "shill" testimonials from fake satisfied customers tell you how they made $5000 doing trades during their training seminar.  Reportedly, these are lies!  One very, very upset customer said that the instructor did make trades duing the seminar, and HE made money, but the "students:" did not get to make any trades. 

The people on the commercials giving testimonials of how wonderful the system is are reported to be company employees.  Their 2-day seminar will cost you $3000.00..yes.. $3000!! .. and they, apparently, are very high-pressure and very, very good at getting you to sign up, as evidenced by the abundance of people who claim to have been taken in and gotten ripped off.  They use the one-time offer strategy of telling you that if you don't sign up during the seminar and pay the 3000.00, later it will cost you 4000.00..so sign up now!!  They tell you during the seminar that you need to sign up for various other things.. like trading software that costs $6000.00. This isn't mentioned before you shell out the initial $3000.00, so you then, of course, feel like you must pay the 6000.00, since you already spent the $3000.00, or you've wasted your money.  This is known as "throwing good money after bad", but it's the way they get many, many people to part with their hard-earned cash.  People, who probably spent money they couldn't afford to spend just to attend the seminar, due to their promises of teaching them how to get rich with their system, are forced to bury themselves further into debt, or, essentially,  kiss their $3000.00 goodbye.. 

 On top of the 2-day seminar and the $6000.00 software, they then tell you that you should sign up for their online classes, which cost 99.00 a pop.  This will help you to really learn and understand their system....where they try to get you to buy more things, and really don't teach you much.  One big complaint people have is that they tell you a lot of information during the seminar, which is probably very useful information, but they give you the information in trader lingo,way too much information for the "average Joe" to absorb, and don't explain anything or do a question and answer segment so you can figure out things you don't understand.  In effect, they don't really "teach" you much of anything, they just tell you a bunch of stuff.. if you don't catch it or understand it, that's not their problem. 

The founder is a guy named Freddie Rick, and he claims to be making money using his system, and tells you how you could be quitting your job and living the easy life by using their system.  He claims he just wants to help people, because he lost money when learning to trade.  If he truly just wanted to help people, he wouldn't be charging them almost 10.000.00, to learn his system.  Most people these days are struggling, and those likely to give over $3000.00 on a money-making scheme, are probably doing it because they're desperate to find a way to make more money and support their families.  A true humanitarian, trying to help his fellow man, would just teach low-cost classes and sell the software for a whole lot less..or include it in the cost of the initial package at a way more affordable rate.  Do the numbers.  If they do 6 to 8 free seminars in each town, and only 3 or 4 of the 30 or 40 who show up actually sign up and pay the 3000.00, that's about $54,000.. in EACH CITY ..plus what they make when those people then shell out the $6000.00 for the software..and then the DVDs, online classes, etc.  Plus, there are mistakes in the DVDs and books they give you at the seminar.. and instead of fixing them, they charge people $100.00 for updated material.

They do offer you a money back guarantee.. They claim they'll give you your $3000.00 course fee back if you don't make 3 times your initial $3000.00 course fee in 6 months....just make the required number of trades.  They claim you can start with as little as $500.00.  Now, let's see..that means you are supposed to be able to turn $500.00 into $9000.00 in six months. ..nice dream, if you can manage it.  ..But, even if you did try it for six months and make trades and didn't manage to make the $9000.00, they will give you the run around, and make it impossible to get that money.  Plus, even if you did manage to persevere and get through it, they only would refund you the $3000.00 course fee, and not the huge amount of money you spent over the six months trying to make their program work. 

Day trading for stocks to make lots of money is very possible to do.. but it's also just as possible to lose your money doing it, even if you really, really know what you're doing.  There is tons of free information available online, as well as an abundance of books, and much lower cost things you can sign up for to learn to trade.  Don't pay for any '"system" or "fool proof" software ..and don't shell out any money for anything like this.  There are several other programs similar to Better Trades. and none of them are going to give you the magic key to riches.. save your money, and learn to invest the right way.