Log in or Sign up. In other words a lot of fluff and their product is very expensive. So before joining them, I was wondering if anyone out there has had any experience with these guys. There are a lot of gimmicks out there, I want to be sure this is not just another gimmicky program with no substance. They made some incredible claims with some huge numbers. Andy and MrTom like this.
The odds of them being legit are extremely tiny. Not one vendor, will tech you a real edge. Some old methods maybe, not the current working ones. I agree with Bob, "Those who can do, those who can't teach. MTI according to reports, was previously selling their courses and getting the program financed through another party, however, MTI had so many chargebacks and cancellations and complaints that the lender they used at that time would no longer work with them In the summer of , MTI had a huge layoff and nearly went out of business.
The company founder Jared Martinez and his son Jacob were allegedly invloved ina money laundering scam a few years ago and had another company in Orlando that was closed down. It was a Forex Trading company. And MTI had an office in Trinidad that was shut down about a year ago. All of these trading schools leave a lot to be desired. They are big on hype and short on delivering any measureable results.
Their courses are way too expensive for w hat you get out of it. And the biggest issue I have is that they generally appeal to the naive looking for easy money. They then tout the big margin available to Forex traders and will tell you that Forex is the most liquid market; always a buyer and always a seller.
The naivette love this stuff. Anyone who understands Forex knows that Forex is extremely high risk and you need more than 16 video lessons and other training from companies like MTI to succeed. I don't get it. The people who make money are the big players, banks and other insititutions and companies and traders with a lot more experience than buying and taking an overpriced Forex course. In my opinion, stay away from MTI. There are plenty of good books available and a lot of free information on the internet.
Also, look around in your area for a Forex meeting group, find someone who is successful and will work with you. Owing to the integrity of Bernie Schaeffer and figuring he was connected with these guys in some way, I figured they were legit and 90 mins and free, why not?
Maybe I could learn something. First of all, I recieved several calls from customer service people telling me that they were calling to help me log in to the Forex webinar, ok I figured, cool. My computer went down for perhaps two minutes, if that and I get a call back from someone who sounds frantic and wants to know what happened to me.
I said, no big deal, my computer went down. This person sound irritated and agitated and made me feel like I did something terribly wrong. S I logged back in and waited. I shoudl also mention that I was called one hour before the webinar started. I thought, they expect me to sit here for an hour and stare at this stupid screen? Anyway, I got logged on and waited and did a few other things in the process.
I waited and waited but they started late. The presenter comes on and says some people are joining late so their would be a delay. I am waiting for nearly an hour and have to wait because some others are late? Like that is my problem! It finally started about 15 minutes late so now I am waiting for 1 hr and 15 minutes. The presenter sounds very enthusiastic and goes over his background. He claims to be a trader and raves about his facebook page which is loaded with testimonials from so many happy students.
The more I listened to this guy, the more he sounded like an Amway guy. It was so pollyanna-ish and gay. We are told that this company has been around for 18 years and then we see slides of a guy named Jared Martinez who supposedly wrote over 20 books and is a Forex guru.
I just giggled and thought this is sounding more and more like Amway every second. Now I am thinking, this is suppsoed to be a webinar. So far it sounds like an informercial, which was in fact what it turned out to be. Eventually they got around to showing some charts and some very basic, and I mean grass roots basic technical analysis. I was under the impression that this presenter would be doing live trades during the live market.
What he really did was show some basic techniques while the market was open. Then he got back to hyping MTI and telling us how wonderful this company and the Forex market is and why we should go run to get our checkbooks or credit cards and sign up right away for this incredible, awesome training.
He said to leave our number and someone would call us. I figured, t hatis my cue so disconnected from the webinar and laughed for several minutes rehashing what I just went through when the found rang. It looked like a local number so curiously I answered.
Turnes out it was MTI calling me back. I say, "Jeesh I didn't know you guys where in my area! We use a local number so it is easier for you to call us back.
You use al ocal number to sucker me to pick up the phone. If I say your number on my caller ID, i would have left it go into voice mail. This guy was a tiger and really hussled me. I told him the best part was when I turned the stupid informercial off.
This guy went on and on with his sales pitch. I told him I had an appointment, did not want to be rude but had to leave. He said, "No, no, no, wait a minute.
While I have you on the phone, tellme about yourself so when we speak again I can be better prepared to discuss yoru needs. I said I have to go and never said I wanted a return phone call.
At which poing I hung up. Thenn I think, thank God that is over. But the phone rings and it is a local number. I pick up and it is him again. I figure you got to be kidding me! He says, "Sorry we were disconnected.. I hung up because this conversation is over. I hung up again. He called back and this time I let it go into voice mail. This informercial that they call a webinar was a total waste of time for me. It was just a sugar coated sales pitch and their people are rude. In checking around, I have talked with some people who have taken the course frm MTI, none are making money.
I went to the presenters facebook page and read a lot of incredible testimonials, however, I have to wonder if they are real or if they were just one time lucky trades. I see no information on average returns. I have written to Bernie Schaeffer and told him that I am apalled at their association with this company and will never again attend one of their informercial webinars.
Another thing is that MTIs sales people are not too well educated in personal finance or investing. I asked the guy who called me about binary options and he said he never heard of them.
In summary, I like Bernie Schaeffer and I am happy with his service, not happy with MTI and their almost comedic style of offering forex education which is really just a sales pitch with very little if any useful information. I would not recommend this company to anyone. I am trading options and happy. I amy try forex and seek education, I assure you that it will not be from MTI.
Based on your information, it sounds like this would have made for a nice s movie starring The Marx Brothers! To see the least, I was blown away by the webinar. It was very impressive and a very good demonstration. The online videos did not work that well. There were technical difficulties. The trainers and Analyst on Demand seemed to understand theory of forex, but somehow did not seem real. It appeared as though they were merely reciting a well memorized script, sort of like an actor in a play.
The analyst alerts had me on the wrong side of the trades most of the time. What was worse, was when I called MTI or Next Step Financial Holdings, even after slowly an clearly spelling and pronouncing my name, email address and phone number, it took forever for them to find me in their system.
This is not acceptable to me.More...