Early in the summer, the same person I mentioned in an earlier post also accompanied me to a 'free seminar on Forex trading', presented by a group called 'Knowledge to Action'. We arrived at a glamorous hotel, where the seminar was being held. It had an open plan lounge area, plush leather sofas and a fully stocked bar. I almost felt out of place in such a nice setting. Someone was trying to impress, and immediately my scepticism began to grow.
(I love this picture) |
I'm going to go out on a limb and say that Mr Singh's claim that he never did presentations was a lie. In fact, it is confirmed by an article, where he is described as Knowledge to Actions 'most empowering speaker'. This guy!
Disappointed |
However, the worst was to come. Having presented us with this seemingly easy way to make a fortune, Mr. Singh then said that the way to do this was to sign up to Knowledge to Action's trading University. The cost of this? £15,000. I nearly fell out of my chair.
I started to feel as though all this was a sham. Mr Singh had presented the false pretence that I could earn lots of money like him, just through attending this Traders' University. To make it worse, Mr Singh then said that we were very lucky, as this was actually the last time that he would giving the opportunity for people to sign onto the University, and there were only 6 places left, and because of this he was willing to offer the same package for £2000, and you could bring a friend to learn with you.
By now my Spider senses were going haywire. I felt as if my intelligence was being mocked.
Mr. Money-making, high-flying, car-buying, jet-setting Gurdas Singh (look at his scamming face here) was telling me he was willing to offer me a £15,000 course for £2000 - an 87% discount, which I could bring my friend along to (effectively making it 93% discount). This would guarantee me more money than I could dream of.
So I'm meant to part with £2000 of my hard-earned
Does it say 'mug' on my forehead? |
This was a classic case of a pyramid scheme. Unfortunately, as I left, a few people did in fact sign up to the 'University', and I'd love to see if they had any return on their investment.
So - why would I, having been presented with what I felt was a scam, decide to actually enter the Forex Market? Find out this, and how the market ACTUALLY works, in part two.
Thanks for reading,
Jr
twitter.com/jr_dot
went on a course last week i find it hard to read and write so they stuck me in a classroom with a book its a scam im gonna go back down there and smash them up i want my money back what a bunch off wankers
ReplyDeletehi , did they ever mention to you indicator or tool names ALTAS LINE.
DeleteCan you please contact me s.khajuria@hotmail.co.uk
Thanks
Over 4 years later and they are still cheating and stealing, now using the name Learn to Trade; me and other guy were victims, paid for the course, unfortunately it's too late. Is any one organising a joint prosecution?
DeletePeople "must" be aware in upfront, how fraudulent is this scheme. Beginners in trading are in threat, some action need to be taken to stop this Gurdas Singh.
Hi I am in South Africa and they are out here inviting me, giving me calls ect. So I thought I should search up this guys name and his whereabouts before I waste my precious afternoon. I am changing my mind immediately! Thanks for heads up Jr
DeleteI attended yesterday. The full course is R90 000 but if you took up the Million Rand Challenge then it was R25 000.... only for that yesterday. And same story, he 'never' comes out to presentations except for this specific day lmao. He goes by the name Gurdas Sidhu now
DeleteIt's 2022 and this guys are still operating. Funny they are still using the same method of giving "free seminar" and later offer the £15,000 course for £2000 - an 87% discount. SCAMS!
DeletePeace from SA
nice article .. i attended seminar last week. I was wondering if he is making so much money then why is he wasting time with us delivering seminars rather go home sit on sofa and make some money. Why is he working for some one else ??
ReplyDeletethat's how they make money my making people sign up for their course.
just came through the workshop, yes if clearly Is a little bit naughty (google search GURDAS SINGH) as it does promise the world for a just over 2k. I would really like to know if the ongoing support is actually as good as mentioned, is the software @ £80 per month bug free and intuitive to use ???
ReplyDeleteThese People are liars and pretend to be professional traders when the are all sales man and just after your hard earned cash
ReplyDeletecharged me and I decided I couldn't go on course they won't refund me. Scam all the way. Only after money
ReplyDeleteHe's still running this gig as Learn to Trade had nothing much doing today so went to check it out, almost from the outset alarm bells were ringing in my head the numbers are different normal cost of ;£7k but for a lucky 6 of the 10 present we could sign up today for only £2k.
ReplyDeleteI will give him some credit its a good pitch
I went last night. I am a Salesman myself so I knew exactly what the "Sell" was. £7000 course for under £2000. Only 50 people from all over the country could join apparently, and there were only 6 places left as his seminar was the last in the country. I even messaged one of his traders prior to the even to ask about reading material and was outright ignored.
ReplyDeleteVery very suspicious and utter conmen.
He said the same thing just last week Tuesday at the Hilton Hotel in SA, 6 people have already joined 50 places left.
DeleteBy Jove!!
Scammer.
Nanette SA
Unfortunately this Mr.Make-money is good scammer, the sales appeal is strong, but he persuade very well, which is sad, because innocent people trying to start trading doesn't know. Learn to trade information and reviews are good, I have never learnt about Knowledge to Action nor Gurdas Singh.
DeletePeople need to know in advance, spread this information globally. Is there any one to organise it?
I attend the same seminar under Learn to Trade, in Johannesburg, South Africa. when at the end he offered 50 people the chance for $1.500, a course claimed that cost $6.000. A big scam all the way that's what that is.
ReplyDeleteI attend the same seminar under Learn to Trade, in Johannesburg, South Africa. when at the end he offered 50 people the chance for $1.500, a course claimed that cost $6.000. A big scam all the way that's what that is.
ReplyDeleteI attended the same presentation in Centurion, South Africa. Mr Sidhu offered 50 people a chance to be part of the course but said he only had space left for 26 people. He told us how it was his last day to be in South Africa.
ReplyDeleteThe next day I received an email from them to deposit money into their ABSA account. That's when I got suspicious. Learn to Trade is a big scam.
I attended a seminar in Centurion earlier this year and I agree with all of you the company could do better at hosting their seminars. However being a risk taker I took the chance and payed for their 3 day course which cost me R25 000.00. I must admit I was skeptical as any sane person would be.
ReplyDeleteHowever I just completed my course yesterday and I do not regret it one bit. The company has a very professional setup in their S.A office which is situated at The World Trade Center in Sandton Johannesburg.
Our presenter Andrew was very knowledgeable and provided us with 5 trading strategies using the SmartCharts software and also taught us how to look for signals to place trades and what to stay away from. I cannot state enough the wealth of knowledge I've gained from being there.
On the 3rd day we were on the trading floor and placed live trades with Andrew and he used the Brexit situation to coach us on how to behave in a volatile market (that was invaluable).
I admit that their hard sell tactics can drive anyone away however I have been to many life coaching seminars in my life which use similar tactics to sell their programs however this does not take away from the value of their products. They just know that they are in it to make money and they go for it.
So I paid 25K and for that
I got the 3 days + 3 coaching sessions after the course.
I also got SmartCharts software with 5 trading strategies. I got a discounted brokerage account with Capital Index (google them)
Lastly I also have unlimited lifetime access to the coaches and traders through SmartCharts resources.
For me that is a good return on investment but that's just my opinion.
While I understand skepticism around Learn To Trade (my first reaction as well), after what I experienced this weekend I don't regret my decision especially since I had 2 winning trades from our day on the trading floor yesterday. Going back next week to start with my post course coaching session 1 on 1 with one of the 3 trading coaches based in the Sandton office.
PS!!! Google Andrew Hewerdine (course presenter and he also built the SmartCharts software)
Hi Kat,
Deletejust for interest sake, how is trading thus far?
thanks,
This company and these guys are fake, scammers!
DeleteI took the risk, trying to learn about trading, and the lesson learnt is this industry is rubbish.
Probably I'm wrong, probably there are good professionals, but the first impression remains.
Someone needs to stop these scammers.
Hahahaha, FAKE comment from FAKE person. Anyone suggesting SECKER is other than for SUCKERS is a FAKER.
DeleteHi Katlego
ReplyDeleteI attended the same seminar in centurion and wondering if it's worth it to go for the course.
Anyone who attended these guys seminars and can testify pls. ..call me 0727619336. Peter
ReplyDeleteAnyone who attended these guys seminars and can testify pls. ..call me 0727619336. Peter
ReplyDeleteHey guys I am a trader myself and that seminar was a full of s*it!!
ReplyDeleteI went on a seminar this week in London .. I realised that me and my friend were only 2 people there who actually knew how the trading works and what trading is!!! .. I went there to gain a bigger motivation as I am planning to leave my job next month and to concentrate only on my trading career so I thought it is a good choice to widen my hirosons and to hear some new strategies I never heard of ... So from a positive side I can say that this Singh guy is a good motivational speaker he does have a telent to inspire people and I won't deny it!!!! This guy knows how to talk that's always a good thing BUT !! .. The way he spoke about stock trading almost made me laugh!!! The story he said sounded like a fairytaile to those around me without trading axperience!!! He said you can make a future from a first month if you only buy their package which include that and that ... :D and people just need to click the button which is flashing green in order to get money from the trade!! Trading is a difficult job you have to work and analyse market in order to get idea how it wokrs it takes time until you can acutally start making some profits! For some people it can take many years .. And every successful trader will tell you that it's not an easy ride .. I actually felt offended that this guy explained trading as a joke! Like its so easy that for £2000 you can build your future only by going to their seminar! He's joker .. Than after he spoke I saw many people who knew nothing about trading were signing in for a 2K course .. But I guess everyone has their own path and everyone has to learn their own lessons .. But just saying you guys my experience from there made me laugh a lot but also inspired me not to give up :D
But never give up!!!! And start playing with fake money first when you see you are good at it make your first deposit in your real trading account ;)
we have had the same bad expriance and We are planning to go to protest outside the office to get our money back
ReplyDeleteI also attended a seminar in the Philippines and paid the $300 reservation fee. I have decided not to push through but they said I cannot cancel the enrollment. Is that legal? Is their contract really binding even though it's so one-sided? And now they are saying that I need to pay the remaining amount of $1300?! Can you give an update on the status of your protest?
DeleteI attended in London, and paid the £500 reservation fee. Likewise, I decided to cancel, but they created scam ways to try to avoid the cancellation. It doesn't look legal because during the seminar they persuade us to make things that break the terms of cancellation, and authorise the , however we are not make aware. Actually, the terms are not presented nor mentioned, only a mere paper of reservation is signed. Next day, when you try to cancel, they make you aware of a contract on the verse of the paper.
DeleteI don't know the status, but I think if there isn't a protest, we must create one!!
We are planning to go to protest outside the office to get our money back
ReplyDeleteAttended seminar this weekend. Gurdas Singh presented (claiming he doesn't usually present, as it's normally done by professional speakers). He is a good speaker. Normal price of £7000+vat, but if you signed up to special fast track program at the end of the seminar, the price comes down to £2000+vat. Didn't sound very ethical, but I saw several people signing up. Now that I've read this thread, I'm glad I walked away.
ReplyDeleteHe says he never does the presentations, which is clearly a lie.
Attended today 02/03/2017
ReplyDeleteThe pitch was £6995 course for £1997 with a memory USB stick
Bring your own laptop to training in London
The guy presenting it was doing the selling job for his software capital index claiming it was live demo.
He did a good job though
A couple enrolled ,though he mentioned he could take only 8 people today and rest all were filled!
I don't see any proper feedback on their 2-3 day training in London on the forum
Anyone here who can,yes it's a training course like many others with claim of money back !!
And you may not get what you want !!!!
Attended yesterday in Durban, South Africa. Yesterday's seminar was pretty much everything that was said on this thread. 50 people would be selected for a scholarship. This morning an email giving R24997,00 as the cost of the course. Thereafter, another email giving a discounted price of R17997,00.
ReplyDeleteI attended a Learn to Trade serminar at the plush Protea Hotel in Hatfield where Mr Gurdas Singh Sidhu was delevering his last presentation in South Africa and would be leaving for London tomorrow. What a presenter he is but fortunately I am a JSE trader and could see if the software is on live or presentation mode. I had my tablet up and running the whole time when he was claiming to do live trade. When he traded on his software the GBP to Rand was R16.2708 but when I did the live feeding on the markets through my tablet Rand was trading at R15.6823 at 19:30 on the 16th March 2017. This is a huge margin that is almost 60c difference to his so called live trading with real time market update.
ReplyDeleteBrothers and sisters do not spent spend your hard earned cash yet... do your research first.
Maybe I am too sceptical, if you have already earned something through this Learn to Trade platform let me know. R89 000 is a lot of money... well any money is lot of money.
Lol on the 18th he was presenting in Sandton. Saying in a month he stays 2 weeks in london and another 2 weeks in sa.
DeleteLol on the 18th he was presenting in Sandton. Saying in a month he stays 2 weeks in london and another 2 weeks in sa.
DeleteI attended their seminar on the 8th March in Reading. Gurdas Singh was presenting again, which he seems to be doing an awful lot for someone who doesn't present!!
ReplyDeleteThe seminar went exactly how described in the posts above and they had apparently ran a pilot programme in SOUTH AFRICA which they were replicating here in the UK. The Reading workshop was apparently the final presentation to fill the 50 places, so good to see an additional seminar ran later in March in Hatfield...
I'm also a salesman by trade to noticed the techniques they used throughout the session. I decided to do some research and have stumbled across this thread. I've read numerous posts before this which all echo the same feedback. Below is the most damning evidence that I've found so far:
One "client" who actually attended their programme lost £20,000 and is now looking to pursue legal action against them: http://www.justanswer.com/uk-law/7a6pb-hi-student-knowledge-action-signed.html?rpt=1022
Greg Secker, CEO of Learn to Trade and Knowledge to Action is also the sole CEO of Capital Index which is their preferred brokerage. Both companies are registered to the SAME ADDRESS. Both companies show as DORMANT on Companies house with most recent accounts showing a balance of £1!!
Please spread and share this to help prevent others falling foul of this scam.
I went to a seminar given by mr singh in central london, june 2017. A total waste of time. Do not get taken in by this company.
ReplyDeleteHello Everyone,
ReplyDeleteFirst of All, Thank God! I came across this forum.
I went to one of the LearnToTrade seminars today in Stratford London.The seminar was held in Holiday Inn hotel.
There were 15 of us attended in the seminar. The presenter's name Gurdaas Singh Sidhu from Luton. He claimed that he has been trading for last 10 years. He came from a middle class family and always wanted to do better in terms of finance etc. By age of 26 he bought his dream car Bentley (showed picture). He helped his parents to pay off mortgages and travelled so many places(again pictures shown) In a nutshell, just by trading his lifestyle completely changed. I understand, in a way all these possible by either trading or scamming people. I am in very much doubt, under which category he falls into.
I asked myself, if the man is very rich why does he need to spend 3 hours all around his places to give lectures in the seminar.
Knowing most of us who attended in the seminar are not financially "stable" as him,yet he expect us to pay £6995 for 3 days coach in Chelsea Harbor. Although he reduced the price to £1995 but without any solid proof - no one should spend their money. Whatever you going to pay, it will be probably like paying for 3 days holiday.
He showed us how to trade using his software and only talk highly about the profit and didn't mention much about loss which is possible. Only time he mentioned about loss was like out of 10 trades there will be 1 or 2 loss.
Also I was told he was going to show some strategies which was barely how to use the software when currency rate going up and down etc. Nothing major.
At the end of the seminar, he mentioned this was his last seminar and he had six spots available for live trading training.
Thats all really.
For me, he seemed like a salesman who has been doing this for a long time and selling autotrader software for a price of £1995. But I haven't found anyone yet who actually has been successful with his software.
Also, LearnToTrade website does not seem professional to me. Lack of content and lack of information. The website is just a portal to gain your personal information so they can bug you later to join and direct you to a free seminar which obviously has a nasty catch.
So my advice to u, do not spend ur hard earned money without knowing everything.Be cautious and check reviews before giving your money to any organisation.
RC 28.09.17
I’ve just come out of his seminar with the same story told 6 years ago! I’ve had a close shave as I was about to enrol but luckily for me I decided to ask one of his support staff what their last year turnover was . Guess what she just said a lot which I decided to check on companies house. It’s a dormant company! I challenged the Singh fellow & I would see confidence ebb away from his face. I just wish action get taken against the fellow!
ReplyDeleteFunny. I went to this seminar recently, nd the exact same story was presented.
ReplyDelete4% a month, sounds rather fetching, don't you Think? - only £1,997 for a limited time, as there are only a few spaces left. Oh, and this was discounted from £7,000. Also, you have to pay a subscription of £89 a month.
What was interesting was that Mr. Singh slipped up slightly... The fact that he said "We find our clients typically recover their fees within 3/4 no the of trading... which would mean they would need a starting pot of around £15,000. Not many people have £15,000 plus £2,000 (£17,000) to spend on a course, like this.
Additionally, Mr. Singh mentioned borrowing money from family members etc... and to recruit others into your investment (i will mention more about this later) Also, wouldn't accept any questions throughout the seminar "I will answer questions at the end".
Then when the end approached, he put on a sound track that we all walked in too and walked to the back of the room... stating that there were only several (5) positions that remained open out of 20 odd... easily there were around 25 in the 'seminar'.
I have checked and they are not FSA regulated. Also, considering the pitch is the same for a number of years I am going to say this is a pyramid scheme.
Just for clarity, pyramid scheme by definition; ' a form of investment (illegal in the UK and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones".
Learn to Trade directly tells you to 'recruit' - manage other people's wealth and receive payments (as do they), even though you essentially have no clue what you're doing...
Therefore, it is a pyramid scheme, they company will deny such comments, by stating they are an educational company... but the truth remains that they are scamming people.
Conclusion:
Do not sign up to this seminar. It is designed to make you think that getting rich really is as easy as a traffic light system (which they have installed into their software). Some may make money, which I congratulate them on. But ultimately, trading without an adequate understanding/education on macroeconomics is speculation, not investing, one in 100 may make money, but you will not make the £2,000 a month or 4% monthly they're talking about without sufficient education in this subject. If you have no interest in economics, trading is not for you.
Be warned.
I kind of disagree with you. I went to their workshop in Manchester and I found it informative. I learned a few basics and honestly, for a free workshop, it’s well worth it. I don’t see how they could be a scam, I mean, no education is free, come on. If you buy in on their program, that’s your decision.
ReplyDeleteLearn to Trade are still operating in this way across several continents. Help is on its way, in both Australia and in the UK amongst others, through a class action being undertaken in Australia and I am co-ordinating a criminal and civil investigation looking to bring this company and operators to justice. Please continue to post your views here so I can collage your experiences.
ReplyDeleteI meant collate your experiences not collage - typo !
ReplyDeleteI am particularly keen to horse from anyone who has attended any of their UK Lifestyle Trader courses for 2022, launched in Dec 2021. If you have, you can get your money back if you have been misled, through the updated Consumer Protection Regulations 2008. You only have 90 days though to report it to cancel the contract.
Damn predictive texting - hear not horse !😂
ReplyDeleteThese guys are so irritating on YouTube with all their ads. Google is starting to do away with ads from suspicious companies, why isn't YouTube doing anything?????
ReplyDelete