So JMOT, since you attended his seminar. Is this guy for real?
He is making millions selling seminars, his trading record is not verifiable. And comments around his seminars are basically touching on options basics, not truly useful for practical trading instead of truly on trading systems that give consistent profit. Will like to hear your comments

Hi Jmot,

I am also a beginner looking at options trading seminars in singapore. Will also like your comments emailed to me about Dr CC.

Kok Heng

I’m very sure he is a very good presenter, but how about trader?
No record showing it is workable.
Many people advertise day in and day out with option trading, futures, etc.
There are so many Dr. Chiang-alike people out there, what make him so special?
I get to know from my colleague, his friend attended the seminar, but find it not-so useful, and of course not making profit from the market. I’m doubt with the method.
Would you be able to tell me, as his grad, if the method works?!

Hi Jmot

I just happened to stumble on to your blog.
But I do agreed with you Clemen is quite a passionate guy.

However I not so sure if his teachings work in a trading perspective.
Do welcome your feedback

Cheers
Francis

Hi Jmot

Thanks will definitely like to know more about his style of trading.

Anyway had you heard about FX1 ACADEMY?
though of attending one of the coming preview to find out more about FX trading.

Cheers

Francis

dear Optionsnewbie,

i attended his free workshop last evening, i find him very motivating, i would love to sign up for the 3-day seminar, but do not have that kind of money, could you also drop me an email about how real is he and how effective his method is? many thanks.

Hi Francis! I have sent you an email with all that you want to know (I think :D). Did you receive?

Hi Jmot

I just went through my mailbox, but I don’t recall seeing anything.
No worry I will run through my mail again, probably my eyes were playing tricks on me.

Looks like this coming week going to be another bearish looking week with so many datas and banking earnings release, trade with cautions

Cheers
Francis

Hi Francis, I have sent to your hitmanXXXX yahoo email. Is that the correct one? It was a very long email that I have sent to you, there is a writeup on FX1 as well Or can you drop me an email at chris.chanch@gmail.com so that I can reply to you? Do hold your horses till you read my email to have a better idea!

hi jt, mmm, think i will write an article on describing FX1’s course since demand is sooooo high Grace Cheng? She is high profile. She maintains a very popular blog at http://www.gracecheng.com. She appeared in news interviews, magazines and even published her own book. She was even interviewed by TradersInterview.com (http://www.traderinterviews.com/programs/permalinks/TI_10-09-07_GraceCheng.htm). I have no qualms about her being a good forex trader. Just that, in my personal opinion, trading is a skill which you cannot pick up fast by just reading ebooks (such as the forex course that she is offering, some more cost $1000+. I prefer to have a mentor to guide me along and tell me my mistakes.

I do not know much about Kishore. Just that when Options trading in IN, he teaches Options trading. Now that Forex is the hottest topic in town, he starts to teach forex too Very versatile hor indeed ><

Hi Jmot and jt

I attended one of Kishore free seminars before when option was so popular, though I agree he is a great speaker but with the feedback I got from those attended his class results are not very consistent some even making losses and not much support either with the kind of money they paying.

In fact one of his protege is now running the CFD rapid programme, which some is saying is so-so based from the preview.

I guess my personal view on Kishore is that he is Jack of all trades, as he running courses for option,futures,commodities,CFD,fx……etc
Not only that he had team up with ERC in one of the wealth program.
To me I feel he is just trying to take advantage on the current trend to pour out all this program which is not cheap, whether it works? your guess is as good as mine.

Ooops a bit long winded, just my personal veiw

Cheers
Francis

Hi Francis

Thanks for your feedback on Kishore.

I got the feeling that he is beginning to sound like a Jack of all trades and jumping on the latest flavour of the month.

Probably what we need to have a a full-time trader in a specific instrument that is laser-focused. One of the biggest problems we have is that our attention span is as good as the latest strategies to make easy money.

I believed everything needs hardwork. So far, looking at what is available in Singapore for Forex training, it seems that it boils down to :

Grace Cheng - Full time forex trader
FX1 : Nothing like an institution with people mentoring you and with probably good post-training support.

In terms of value for money, I wonder is starting on Grace’s course is probably the best initiation into the world of forex trading?

Curious??

Hi Francis

I went to FX1 “BOM” session last night but could not wait to get out ASAP!! To be fair, I did not attend the full session but the way it is being pitched, it rings the nostalgic days when the Nuskin, Herbal Life and all the MLM majors moved into Singapore. You can imagine I cant wait to get out as fast as possible which I did. I just want to get to the meat of what they offering but have to subject to a typical black church setting whereby patrons have to clap and say “amen” to the presenter and listen to his “sermons” and anecdotes. Sound abit harsh but sorry… I have invested in other seminars and training that are a waste of money.

They preached that they have an auto-software which works only on the USD/JPY pair. JMOT should check this out whether it really works.

Grace Cheng seems pretty genuine but then again I dont have a feedback from real people who has taken her course. She is an individual so if anything happens to her (God forbids), how can you get post-training support?

In comparing gurus, Kishore at least has made it. He provides probably greater breath of the financial markets than Grace who is only into Forex.

In comparing between training institutions such as FX1 and onlineacademy, the jury is still out until I meet with onlineacademy.

: )

Thanks for the very insightful comments by Francis and upfronte I have learnt a lot from the 2 of you You have prompted me to write a post on how to determine if a trading course is good

I have not received the automated software provided by FX1 actually. Going to get it end this month. Will definitely share more in time to come. Actually, the software trades on multiple currency pairs. The manual strategy is the one that trades on USD/JPY solely.

Hi Francis, yes, there is a 6 month money back guarantee. After the course, we are to start a demo account to trade with the strategy that was taught. At the end of 6 months, if the demo account lose money, the school claims that they will refund full course fee with 10% interest. The only clauses are to trade only with the strategy taught, same lot size for all trades and minimum 40 trades per month.

Hi Jmot,

I attended a workshop by Dr.Chiang last night. I would like to know more about your opinion on his seminar. Could you drop me an e-mail as you did with the others. Thanks.

hi Tony! nice to know a fellow Freely schoolmate through my blog

yes, i agree that really a in-depth knowledge of the company as well as how the analysts and traders feel about the company is necessary to play gaps. but there are sooo many companies out there and so much information about every company. to really get a good grasp of a company’s internal health is really not simple.

btw, i have long visited your blog before when i first started out on options keep that winning spirit up!

I must say the Dr now is quite plump with his millions. Today has his front page trumpeting his Mr Aswin Tan and ‘Join the many other Live Freely Graduates who will become millionaires in 2008′. Headline ‘Enjoying life with complete Financial Freedom in 2008 through strategies that’s proven to work’. A BIG PINCH OF SALT.

hi kok heng, yeah, i saw well, you got to give it to him. he has his strengths. he knows which is the most eye-catchy news headlines

Hi jmot :

Thanks for your words of encouragement.

It’s rather difficult to trade options when trading capital are limited but I’m still hanging on and refining my skills as I gain more trading experiences. I’ve also become more stringent and more selective in my trade selection as a result. But this has trained me to avoid trading randomly and to commit my fund only to those trades which would yield me higher probability of success & worthwhile in terms of the risk/rewards ratio.

Can I also request for your frank opinion of the Freely Course and the Fx1 course to be sent to my email.

Thanks and Wishing you a Prosperous Lunar New Year in advance.

Regards,

Tony Chai

hi Francis, thanks so much for your sharing very informative! agree with you on the selection of asset class. just like to add that for beginners who don’t have much of a stock investing experience, i recommend you go for futures or fx to learn technical analysis first. just my personal opinion…

Hi jmot,

Thank you for sharing!!!

I am one of the Batches and graduated from 2005 and have been trading since end 2005.

Well, for me, I guess consistency is an issue, the methods are just perhaps not suitable for me. I wonder if it works, and how many “millionaires” have been created….

As for the methods taught, I guess for some “millionaires”, it works but I believe the missing word is “CONSISTENCY”

I feel that some methods taught cannot “Hold water” and cannot be sustainable or proven over time….

I have started learning FX and find it much more comfortable for Traders in Singapore due to the Time Zone.

Please email me your review of FX1 as I am very keen to attend.

Thank you very much!

*Note: My comments are solely my own opinion, they are not meant to offend anyone, readers please conduct your own research. Cheers!

hi upfronte, i agree that the SELF is more important then the techniques in trading. i trust ur judgment as u have done a lot of homework. i believe T3B is really something for you to sign up with them immediately. great! let’s share our learnings and grow together!

great sharing! Singaporean Learning to trade! i, myself, have wasted a lot of money on some courses hey, you mind if i adopt your course selection criteria to develop a trading course selection framework for my future blog post?

hi JMOT, glad i stumbled upon your site…great stuff u have here! Would like to get your comments on FX1.

hi Upfronte, i too went for the T3B forex preview but did not sign up as i was evaluating other courses. It seems like there are so many offerings in the market these days. do also provide your feedback after attending the course.

cheers!

hi SLTT, i just don’t wish more ppl to waste money like i did.

thanks for the recommendation. will definitely pick up the book

Hi Jmot,

can u kindly update me on Freely. Can u email me cos I need to know b4 I sign up with them.

Tks

hi starlight, i hv sent you my comments…yep, i am waiting for upfronte’s review of the course too

hi Nanoi, hv sent you email. let me know if you have recv…do let us know if Kishore’s strategies work, ya?

Hi Jmot,

far from it, as I said I am not making money yet(have not passed the tuitions fees the market asked of me). I read Mark Crisp ‘7 Habits of Highly Successful Traders’ in 2005 not Optionetics Tom Gentiles 7 Habits. It took 2 years for what Mark Crisp said to sink in. I am also a reader of Greeksman and traded his BMIC. The problem is a little knowledge is a dangerous thing. I lost money on BMIC because it was not suited to my trading psychology and temperament. You can see greeksman is the ultimate patient trader. You can see it in his kind and patient replies in his board and forums.

I want to warn new traders not to take a black box approach to the gurus teachings. Markets conditions always change. You have to recognise and react to it. During this Jan is extremely volatile. Yet I am not affected.
It boils down to experience and learning.

Last, I definitely DO NOT want to say I trade this do that do this. A little knowledge is a dangerous thing. Like learning to trade earnings gaps.
Learn the basics well and build your own trading style.

The acid test is for Clemen Chiang to prove either:

1. he made more money from trading than teaching and marketing

2. how many of his ex-students have become millionaires

Hi jmot

I am a newbie in forex. I have recently attended a preview by Wealth DNA on forex trading to be conducted by Chris Lori. Do you have any idea how good is the course?

Do you mind share with me your opinion on FX1 or any other forex course? thks.

Hi jmot,

Educational stuff you have here. Could you also send me your views on Clemen Chiang? Thinking of signing up for his workshop.

Thanks and keep it up with the nice blog.

Cheers!

hi Aik Cher, wannabe, have emailed you my personal comments…

Hi Jmot
i am thinking about enrolling for the freely “paying” seminar on 26th~28th July, 2008. However like wannabe after reading some of the comments have starting to make me think twice.
Please drop me an email on your personal opinion for freely seminar and also on options trading itself.
Thanks

Hi jmot, I am also thinking of signing up for the freely seminar. But before I do that, could you drop me an email on your opinion of that course? Thanks.

Hi, I’m new to trading and glad to have found your blog. Do you mind dropping me an e-mail regarding your views on dr.Clemen’s seminar and T3B trader. Any insight on the effectiveness of the T3B charting system on Indonesian market? Do you know any other better course for a beginner like me? I only have very limited budget, and there are many trading courses to choose from out there. Appreciate very much your reply.

hi Daisy, hv sent u via email

I am new to trading and thinking of taking up a course from freely.

But I see the money making claims a bit too much. Is it real that
everyone makes money and what about people losing money?

Is the course good for beginners like me? Could you please give
me your comments on his course?

hi Ray and James, hv sent you my comments via your emails…

Hi,

I have also attended, seminar conducted by the followings :-
(1) Chief Trainer, Mirriam MacWilliams (Option trading in US markets) conducted by Wealth Academy

(2) Concept of Price (trading in E-mini Russell 2000 index) conducted by Marcus Tay

(3) Adam Khoo Wealth Academy (also with US stocks and options trading)

(4) Optionetics Financial Academy (teach US stocks and options trading)

(5) Online Trading Academy (covers US stocks, options trading and FX)

Any students have attended any of the above-mentioned courses, are they or any one of them profitable ?

They are in common that their course fees are very steep , except Marcus Tay Concept of Price, which cost about SGD$3,200 .

Looking for feedbacks from you guys .

Hi

I just graduated from poly and after read up quite a fews book on investing plus some paper trading on my own, i am also considering signing up and learn some trading method with the gurus.

Would you mind if you send me your reviews on all those courses that you has attended or you got some opinion about them? I saw alot of courses like Freely, T3B stock and forex, FX1, Concept of Price, Asia Charts. because the price of most of the course are steep and i do not want to throw my saving in the drain!

thanks

hi DC, i hv sent you an email

hi Raymond, icic. my apologies for the misunderstanding.

hi wesley, i hv emailed you.

Hi Jmot,

I am planning to attend Freely Workshop also, but i would like to know your opinion …
Thank You !

Hi Jmot,

I am a new beginner for share investment. I want to learn investment technical. I attended the free workshop last week. It is quite impression to Dr. Chiang. But it is very expensive for me. And I don’t know his option trading method work or not. Could you please give me more details? Thanks a lot.

Hi Jmot

I’m very determined to start trading now and just attended the free seminar by T3B yesterday. Not sure if is wise to sign up for his coming course at $3388 as I also come to know about freely. I’m interested to know more. Pls email me. Thanks !

Hi Jmot,

I’m new to trader and also glad to have found your blog. Do you mind dropping me an e-mail regarding your reviews on freely dr.Clemen and T3B Keane Lee.

Besides, i was interested in FOREX too.. but… as what i heard from Keane Lee, FX’s time consuming is much more longer than stock trading (monitoring hours a day) and i got limited time too..

Do you agree on that and how do you think?

Appreciate very much your reply.

Regards,
chris

I would love to read your detail review of all the courses before I put down my hard earned money.

Thanks.

hi Raikon, kingisland, Bill, Stay, Alvin, chris, Tauron, akirawu and Peter, i hv sent you my personal comments, for your reference.

Thank you for your personal comments.
There are a lot of similar courses in the market such as T3B, Asia Charts and so on. Do you have any comments for these courses? If possible, please drop me a message. Thanks.

hi all! i have ceased sending out my personal comments…

HI,
since we have so many interested why not we have those who have attended the course to say does it work or not how much profit how much loss in what time frame is it recommended and how their friends are doing then those who scam people cannot do the damage with unaware people and those who are good get rewarded there are so many burnt and wiped out that i think we must protect ourselves

you can send me your emails and any infor you wish to know

Btw, a bit info about myself.

I am not experienced at all about trading. I dont even know how to open an account.

I was thinking that perhaps I can get started by attending Freely’s seminar. But I am not sure if the seminar is over priced. The “best offer” that I was given is $3995.

Is there any seminar that gives you a better impression that you could recommend?

Appreciate if you could send more info on T3b forex and fx1 academy?

Thank You.

Jmot, Can send to me too? i’m very interested to know your view abt Dr. CC , T3B, Asia Chart or any other courses out there in singapore

Coz as what i heard from other’s pro trader, Dr. CC method is not credible, NOT CONSISTENT, and more like gambling with little basic yet CRUCIAL knowledge has been taught, e.g greeks. Sad to hear that.
I believe every trader should been taught with a comprehensive open method so that ones can delevop themself and use with their method which they are comfortable with in line with their own personality.

As for T3B trading system, i believe it may earn profit BUT small percentage over time. AND i’m very disagree and dissapointed that they encouraged ppl to short sell in this few years which is SUPERRR DANGERR (never do it!)

Jmot or whoever who has attended or purchase above trading course or system, appreciate you share with me to enrico9xu AT gmail DOT com

hi Lopez, much as i wish to…*sigh* well, i believe my readers can sieve out some information from the comments here…

Hello Jmot, just came across this blog and would like to know more about Clemen’s seminar. Would you mind to email me in private? thanks

Hi Jmot. Can kindly share with me what’s actually is your reivew?

Hi JMot,

I am interested to get that “top secret” email from you concerning your comments on Clemen Chiang’s all-so-expensive options trading course. Is it useful, or just another scam? His resume doesn’t show that he has real practical experience in options trading - more motivational stuff which hinges on “talk”.

And his PhD…. it’s from Preston University - an infamous degree mill which dishes out PhDs for paying overseas students. Which makes me very very suspicious (why would anyone credible want a PhD from a degree mill?)

Please do send me your comments. Thank you.

Yeah, Preston U is dubious.

See article by the Chronicle of Higher Education (Mar/2007) http://chronicle.com/news/article/1808/diploma-mill-crackdown-in-wyoming-sends-preston-u-to-sweet-home-in-alabama

Anyway, “Dr” jmot, pls send your email to me soon!!!

Hi,

I am also really interested to get your top secret email on Dr Clement and T3B etc. I have attend many free introduction seminar including optionetics, T3B, Freely, Mirriam MacWilliams, Adam Khoo Wealth Academy etc. But I am not sure what to choose. T3B seems quite good. Please advice.

regards

Nooooo JMOT, dont cease your personal email comments !! This is your GOOD WILL to human and do a job for GOD WILL too. Everyone will appreacite !!

HI Jmot, psl let me know whether Dr Clemen Chiang is for real and his methods really work? I was so impressed by what he said and thinking to attend his course to get out of my financial predicament as soon as possible. Waiting for your email. Many thanks

hi jmot..

really indecisive whether take t3b or freely course..after hear some comments about freely,and i am confuse..one promise consistency and reasonable return ,one shock and vowed me with 7000% return in one trade.
i am looking at praticality,effectiveness and consistency..so Jmot..Which be your judgement..for a newbie who aspire to really wants to go full time successful trading for life..Appreciate your sharing by email..

many thks..!

hi limbt, a starting capital of $300 is not very useful. firstly, it will be wiped out in 1 or 2 trades if you are not careful. when the option price is $32, you will need to fork out $3200 to buy 1 contract (is that Google?)!! take care, take care…

hi david, the hint is already there…let me give another hint…even the BEST traders in US are trying to achieve around 20% return on their capital annually. so is it possible to have few thousand % profit EVERY TIME or even MOST OF THE TIME?

hi Nino, i understand your predicament…till i find a better way to do this…you can go check out other courses. Click under “Courses” link from my top menu to get a comprehensive list.

Hi Jmot, nice to find u have this blog for us to share some information.I also attend his preview in Jkt, as new bee pls send me your comment on CC seminar, adam khoo WIA and T3b. YOur comments are very valueable to me as this course not cheap to me. TX a lot and GBU always.

hi jmot, tks for seting up this blog> thought of attending free review on Dr CC, but after reading some comment here….
However if u have any good course to recomend, pls kindly email me>
i am tinking of AKTLC. (adam) any review on this?
I am a total noob on investment.

Reading these posts with interest and jmot’s sudden decision not to send out his personal views on CC’s seminars.
I attended CC”s courses whilst still in the single digits (now it’s exceeded 55th intake). I have not traded as I have not managed to spend time to study options and apply the techniques using paper money. CC is an incredible motivator and speaker and fantastic marketeer with sound business principles. He is a classic example of a person with grit and determination to make it big at a very young age.
I make it a point to attend his graduates’ gatherings in Malaysia. Whilst we pay a small fee, the benefits we receive are tremendous. He shares tips on which companies/stocks *may* make it big (nothing is guaranteed in this world) and then goes on to show how this may be achieved. Statements are backed with solid facts and credentials. The results of winning posts are sent in by students who trade options based on the recommended companies.
Go to the website, take a look at the thousands of testimonials praising CC on the deliverance of the seminar.
Everything in life is risky. It is important not to let greed get in the way when the winning strike is up. Follow the guidelines taught with strict discipline. If options is considered too risky, consider making tons of money the conventional approach - selling insurance. I know of people who earn RM 500,000 per year after 10 years in the business and having teams who bring in the sales. Making money-the conventional way.

hi ST, if you reside in Singapore, you can check out the list of courses available at: http://optionstrader.joymastery.com/sg-trading-courses/

thanks for sharing VDP

hi tx, afraid i hv stopped sending out my personal views…

hi Xtyun, hope this doesn’t stop you from coming to my blog

Hi Jmot, nice work. I respect your decision to stop sharing your comments, but maybe you could let us know whether the FX1 auto trade software worked as well as claimed for you, after minusing the 25% of the profit that goes to FX1. I believe this would be sharing a fact rather then a comment. Tks!

haha.. you did not want to post my message? I guess you are afraid that Dr. Clemen comes after you with a law suit? Well.. he is not PAP so sharing our opinion on his course as long as they are factual is not a crime? anyway… would like to hear why you did not publish as I can see you are definitely emailing privately your true feelings.

Has anyone attended T3B C2O course? Can comment how good is its system?

hi Jason, afraid i hv ceased sending emails individually…

hi jeff, in short, i believe it can be done. but not overnight, not in a month, not in 3 months, not in 6 months…it takes lots of hard work, discipline and perseverance

hi Ex Freely Student, thanks for your independent opinion

Beware the the so-called Most Powerful on Planet Earth is actually a high-risk trading method and you can lose all or most of your capital. The 2 other technique of setting a spread and intraday trading doesn’t constitute a full trading system or how to trade. And the repair strategy taught has its flaws. Check from other seminar attendances and the experience of the trainer and actually do your seminar trainer is actually managing a fund and is making money from trading, not making a lot of money selling seminars by packing hundreds of people into hotel ballrooms. Be aware you will take at least a few years to be a intermediate trader and there are a lot of risk and effort in trading. If someone tells u trading is easy. Good Luck you have set your self on the path of losing all your capital and destroying your life.

Hi Jmot
mind telling me more about Dr Chiang? Also, are you a trainer? We’re looking for trainers as we’re working with an event company. Hope to hear from you soon!

hi Adriana, in my personal opinion, there is no one course that can make one rich. a course should be seen as part of the learning journey. because this learning journey is very long…

hi James, nope, not me. staying away from Options…

hi investWisely, Singaporean Learning to Trade is helping you on this

Hi jmot,
I agree with Adriana completely as i have the same feeling. As you have gone thru the session, is it really worth going and if we follow what he tought, do we really earn something,even if its a couple of hundreds per month, i guess its still great to attend.

Ronald Lee at streetsmartoptions.com has just posted
Earnings Play - The No.1 Options Trading Trap
h**p://streetsmartoptions.com/earnings-play-the-no1-options-trading-trap/

‘And I told u so.,’ article by conradalvin lim
h**p://www.conradalvinlim.com/?p=158

For someone want to come and learn how to trade.
I say forget about 3-4 day $3-4K seminars, half of them are bogus and are only making the seminar trainers rich. One good resource is
http://www.greeksman.com and his forum. You can see good testimony of bogus seminars with no after-seminar support.
Jmot has also already posted many valuable trading resources in his blog. Others include swing-trade-stocks.com investopedia.com, incrediblecharts.com, tradergav.com, maoxian.com, tradermike.com(links under trading)

After 3-4 months of reading, you have an idea what is what, what is options, what is futures, what is technical analysis, what is fundamental analysis, what is the greeks, who are the bastard trainers, who to listen to. Then look around for a real mentor. Or start paper trading to see what trading is all about.

3 years to be an intermediate trader and XX years to be a expert trader who can read the markets, handle their emotions and set their trading systems. Note you may never be one. Only 5% of those who try out trading reach this status.

That stupid options trainer of mine send me on a 4 year wild goose chase. And read Conrad Alvin’s blog of his own experience with seminars and it’s the basics that matter..And his first trainer is the…..

hi Evan, afraid trading knowledge is so broad that i cannot possibly squeeze everything in this limited space here! i suggest you can begin with a book - Dr Alexandra Elder’s “Trading for a Living”. it will give you an idea of what is trading, what are the available trading instruments out there, concepts of technical and fundamental analysis, money management and the importance of trading psychology. you can also go to websites such as http://www.investopedia.com

Hi everyone,

Been to one options lesson. Cut things short, these people get rich with no risks at all from the fees they charge. If the strategies are really good, there simply isn’t any need at all to teach for a living. You can get very good free educational strategies that works well from the internet. I’m now solely trading options with non-directional strategies eg iron condors, calendars, OTM verticals spreads etc. Yields are not outstanding but definitely better than any investment schemes from the banks. You can get ~ 5 to 10% per month with good risk management.

IMO. Save your money. Dun waste it on seminar. There are books that cover more information than what they are teaching. $3000 per course? Might as well buy some stocks in the market, at least you still own something in the end.

Books give only the introductory info. But it is still 100% better than bogus seminars that teaches the wrong things/or bogus stuff (like make 1million from 5K, trading is easy) and set you 10K back in losses and you must bear the pain to start all over again and face the fact why you are so stupid. Best is to find a good real mentor. As said thousand time above. Find someone who makes a living trading, manages a fund and gives 4-5 months of trading course because he knows one weekend of trading doesn’t makes a trader. Small Classes. Compare to 100s packed into hotel rooms with no post support at all. Remember its your money at stake. Trading is risky and requires a lot of effort. I still don’t know why people are still flocking to bogus seminars but a sucker is born every minute. And the Dr does prove money can be made from ignorance.

Keep up the good work and spirit. I mean books does not translate to practical trading. One still need long time of practice and hard lessons from Mr Market and hence mentorship is the best. Trading principles are generally available anywhere. My stop losses now are SGD1000 a trade. I have 3~5 trades usually ongoing. Who without at least 3~5 years of trading can hold their own when your account is fluctuating 3-5K.

Dear Jimot, a friend of mine graduated from Dr. CC’s seminar too. I’m thinking of signing up myself, but I would appreciate it if I could go through some of your comments too. Please forward the the e-mail sent to OPTIONSNEWBIE to my e-mail. Thanks Jmot.

hi Yang, trading with fundamental analysis is very subjective and i think this is not favorable for the trading courses. most trading courses teaches trading based on TA…

Hi trader,
May I ask you how you start up trading ? Do you learn it from seminars ? I am interested in options trading, but I don’t know which directions to head to for a basic start up ?

hi Adriana, for me, i began with a trading course. my idea that time was to get an education to kickstart me in trading. at least i can know more ppl who trade and get knowledge of how should i go about learning…

hi, I’m interested in CC seminar too and I wonder if you can send me the “long” email. Thanks!

well guys who might be dazzled by clemen (Freely)’s marketing. If there is anything to learn from him is his kok n bull in distorting facts to his advantage so that he can sell a product. His constant ability to suck more money out of individuals is also admirable. As for trading options? I believe your education will be more comprehensive elsewhere. Would you expect anything more from a person with a PhD from “PRESTON UNIVERSITY”? Please google Preston and you will know what I mean. He must have a cow’s hide as a face to proclaim that he got his PhD at such a tender age…. anyone want a PhD? I’l get it for u.

hi, i admire him as a marketing person but does his option method work? esp in a depress market like this?

i read the comments that you emailed some people on the course itself. could you please give me ur opinion as well? his course is not cheap. however, since it has been around for 4 years, does it mean the method works or he’s just a great marketer?

would like to know more before i sign up for the course. it’s not a small sum at all.

thank you.

right after nightfalc has commented, the truth has seen the light. i am surprised that he continues to use the title as it benefits his business despite being fully aware that that the U is not accredited…

Hi Pansy,

I for one was from the 55th batch of Freely suckers and the only reason why he has survived so long is in fact coz he is a good marketeer. He has identified that in the realm of investment, there are many suckers who are willing to throw hard earned money his way for a promise that greater returns are around the corner. I can testify to that coz I was one such sucker.

He uses religion and charity to demonstrate his integrity, he uses purchased education to prove his credibility, exaggerates market occurrences to get you excited and intimidates & ostracizes if one raises anything to the contrary. Frankly, I applaud his “brilliance” but it is not a common man who can master such a feat as it is a man without a conscience who can. I am glad I had a manager who once taught me that all the money in the world will never buy back one’s integrity.

Frankly, the worth of the course is: http://www.investopedia.com, http://www.briefing.com & not investing more than 5% of your capital in any one trade. Here you have it for FREEEEEEEE. He really teaches nothing as you will be paying him money to hear him talk about his “achievements”. I think Day 2 was dedicated to it.

Freely is essentially buying options around earnings report of a company. Anyone who is experienced will know such a idea is “crap shoot” and pure gambling. On top of that, there is something called a “volatility crush” which lowers your option price right after such a report, something which Clemen will never mention. There is absolutely no predictability even though Clemen will make it all sound logical but it is logical only coz he is talking to a group of trading newbies. In conclusion, I would not have spent that money on his course if given a 2nd chance.

hi 13monkey, you are the first that i know who have attended Terraseeds. did you attend the forex course conducted by them as well? do they package some sound strategy along with the TA that they teach? else could it be something that we can find easily from the internet again?

Hi all,

Anyone here have attended the Keane Lee’s T3B 3 strategies (S1,S2 & S3) 2.5 days course ? The 3 strategies taught to trade local Singapore stock market . Any students have learned and applied to the trading ? any feedback is very much appreciated . Warmest Regards

guys… let’s see how many people we can group together that want to take action against Clemen… be it via legal or petition….. please visit…

http://forum.channelnewsasia.com/viewtopic.php?t=173143&highlight=clemen+chiang

Wish you all the best.
Your actions set a precedent in Singaproe but be careful of any legal toss-up with clemen. If Clemen teaches false ways of trading, then I really hope the authorities do something about him as teaching wrong ways of trading is very dangerous for the student as trading IS VERY RISKY. You can lose EVERYTHING in TRADING.
Peace have you wrote your trading plan…

Michael

I attended several previews conducted by “Dr” Clement Chiang and was very impressed with the “explosive profits” achieved by many real live individuals shown. Is he for real and does his strategies really work if arduously implemented?

hi 13monkey, yes, when our attitude is positive, we will reap something out of any course. well, i guess that the support is weak because the course is new…hope things will get better with time, like with most new courses…

hi comproez, i agree. following value and growth investing strategies, the longer we hold our investments, the higher the chances we will get positive returns…but that’s investing…

all readers… DO NOT FALL PREY TO GREED!!!!! CLEMEN IS A GOOD MARKETEER AND HE LATCHES ON YOUR EMOTIONS!!!! HE WILL EVEN TELL HIS POTENTIAL SUCKERS THAT THERE ARE MANY IN THE MARKET THAT WANTS TO TRY AND “BEAT” HIM!!!!!! EXPLOSIVE PROFITS ARE ONCE IN A BLUE MOON JUST LIKE HIS WEB PRODUCT!!!

Just go watch the market for a while and talk to experienced traders… he trades around earnings and if that is your game plan for the market, I would recommend u visit genting highlands.

hello JMOT…

I came across a very interesting avertisement in the Star paper and it was about all success stories of Dr. Clement. I would like to enquire about the effectiveness of the method by Dr. Clement…..Izzit really that powerful and effective till a certain level where we can say that we have achieved the “financial freedom” that everyone has been dreaming about?
How has the method helped you so far and would u recommend this to any of ur friends? I am really doubtful about this or can u tell me more about this??

thank u.

It is understandable that every business do advertise. Some even can produce astronomical results. I read that someone from Indonesia got reaped 7000% profit from it. However, I don’t think that was solely on Clement’s teaching, if it did, that was only fragment of it. But hell, Clement would boast with that to enhance his brand name. I’m sure luck lady was on his side but how long will it last?

This kind of seminar reminds me of MLM(Multi Level Marketing)
The best thing they sell - is a dream (partial practical/partial impractical) and not the product or service(that is actually a by product)
What is the 1st idea that went into prospects mind when they heard of such course or products? The profit? The sure winning formula of getting things work?
It is a compelling human urge to success, a hope to try again.
The sounds of sweetness and a promising of hope that shines so bright~!
But how many really made it through in percentage? How they did it?
It is a mathematics game of possibilities. We all know some genius and some lucky men will make it through even though we know that the system only helps a bit.

Don’t you know that just few a testimonial out of hundreds failure will make success shines like God - that is why MLM flourish, that is why scam artist prevails, that is why many hopeful naive investor or prospects perished and leaving the finest of them all.

I had think of enrolling to it ….but after those insightful sharing from others sincere traders. I knew what my instinct tells me - forget it, there are better reference out there that I may learn. It is too risky to trust a person who had so much negative rumors. ‘无风不起浪‘

Hi Jmot

You are doing a good job. Keep it up. Just wondering whether you have heard of “Teraoptions”. I have just attended their preview and am thinking of signing up since they claim that they have a proven trading strategy with continous support. Any one heard of them????

Hi

Ask a good bank, what is a good return for one years investment ? Even banks told me anything more than 5% per year is consider good return.

As for % wise dun get yr eye blind , eg in fx if hit it right, can have 50% return due to margin only 2% lets say enter a trade of 100k usd the capital need only 2000usd, and profit 100 pips gains profit would be 1000usd , therefore returns are 50% ( hope i am right , pls correct me if im wrong )

another eg. if i trade using CFD trade 10 lots of SGX at 6.00, i need 20% to fiance this trade that is 12k instead of 60k, so let s say SGX went up till 7.00, i make total profit of 10k, and the % are ?? wah lah 83.33% but if the trade turn against u, at 5.00 at we lose 10K ??? so we have to learn how top place our cut loss and take the rewards (by the way i still suprise many old timers stock traders did not know using CFD can go short on the stockmarket )

I still strongly believed in learning TA, not following backbox and risk reward of an trade should have at least 1:2, those black box company, especailly with heavy advertised, are all blood suckers, have u ever wonder why so many brokers firm tied up with them ? when u sign up with them during the course, whatever u trade the school have a cut of it, and those so call voleteer mention(senior) they have no salary, hahah pls chk them out again are they paid by the brokers firm or in other ways……

By the way those who attend those black box company , can share yr sucess rate ????

hi jmot ,

what i am trying to drive is those advertisments on the media state high % return…..

and abt margin call, money managements ,risk rewards …….

Dear Jmot & fellow pple,

A big thank you to your excellent blog and thanks to everybody who posted valuable comments on trading courses. By the way, I’m thinking of signing up for the T3B course on 22 Nov -24 Nov. Just wondering, are there any students of T3B here who can comment on the course itself?

Thanks so much!
Cheers crclk

hi snip, i have heard success stories from both great courses. it could be a individuality issue

Dear Jmot, Snip & 13monkey,

Thank you for your valuable comments. Throughout these few days, I have gone for the preview seminars of T3B, Asian charts (which is similar to T3B) etc. Yep, agree that i should not learn some black box system which i dont even understand. For now, I have just bought MetaStock and will get the package on Thurs. Will install it. I have also signed up for Advanced Technical Analysis held by cyberquote next week.

Btw jmot, thanks again for your blog. If not for your blog, I will have signed up for some blackbox system which i believe will not be beneficial in the long term. As the saying goes, Formal education will make you a living; self-education will make you a fortune

Cheers crclk

hi all

dun throw yr money in the drain and attracted trobules

go to sgx website : they have authentic TA course which are affortable (but new courses starts next year if i not wrong )

or goes to elliotwave.com learn how the chart really works. learn elliot wave and fibobacci, enough for risk and rewards

dun beleive in sales tok and yr friends friend say, they are no many
real good and pratical ones in town so save yr hard earn money

cherrs

hi Raymond, yes, i have read that the Online Trading Academy do have many veteran traders under its belt. Ed Ponsi is also a teacher with them. i have seen the course syllabus at the course website and it is very comprehensive indeed. are there charges for the live trading sessions after the course?

in my opinion, 10k for a 6 month course is reasonable if the course material is comprehensive and we are learning from REAL traders. i have paid some school fees to the market :-P, attended 4 courses (still less then a month’s duration if all added together), spend lots of time reading books, internet and figuring and filtering out the useful information. some of us may just go round and round the roundabout if there is no proper guidance.

hi snip, my friends who attended the T3B course are profitting on the contrary. so i believe which course is suitable is a very individual thing.

Hi

This always how things work , those who lose never stand up or they shine away, or give up …..for the money spend in T#B, i have better place to aqquire trading education, i once hear with my own ears K_LINE is better than MACD and RSI……. very simple why dun all banks and brokers hse use the K-line ??? will u guys figure out ..

Any way my stand are dun throw money any how, i have being there before , go for PRICE BASE analyst instead of indicators , indicators helps in secondary , PRICE still the real trend ,for a start
for all learn support, resistant dun buy or sell on break out, most black box systems singal based on break out, or GAP up .

Just my two cents worth comments

hi 13monkey, i respect your view. i am a subscriber to price action based trading too

hi snip, mostly SG market i think. so far i have met over 5. some are acquaintances though.

Yes. I have attended her course. Contact me personally if you want to know more. cheers =D

Hi Bro Javier Lopez,

Me too would like know more about the Mirriam MacWilliam Stock Option course . It is possible to allow me to contact you and seek your advise ?

You may provide contact no or email through my email number .

With Warm Regards

I’m also currently evaluating OptionsUniversity’s volcone analyser product.(Ron Ianeiri’s company-he was in singapore recently conducting classes promoted by adam khoo).
Has anybody used it? Will look forward to feedback.

I just wanna check with those who attended Teraoptions preview. May I know how much is their fees? In RM, right? Do they have seminar in Singapore?

Are they using software and is there any monthly or yearly maintenance fee like T3B or Asiachart? please enlighten

Hi javier

would also want to know more about Mirriam’s training. Appreciate if you could email me too. My email address is azuraazman@hotmail .com.

Hi benjamin,

Teraoptions will cost you about RM6800. I have just gone for their 2hr preview so will not know how effective their strategy is.

Hi Javier,

Would also like to find out more abt Mirriam’s course.
Would really appreciate if you could email me at teo.aikcher@gmail.com

Thanks!!

Hi Javier,
My email address is mazdaspeedcch@hotmail.com.

Thanks.

Hi

any one attended fx course from next view conducted by Don Schellenberg?

pls commnets emial memoryabc@yahoo.com.sg

thks in advance

Hi Jmot,

I just attended Freely Course..now still trying my very best to apply all his strategies..n still on virtual..
Apreciate ur comments regarding his seminar.

Amiza

good to research the courses and get students feedback before signing up.
http://s7.invisionfree.com/ChartistsUnited/ar/t522.htm
http://wealthseminar.blogspot.com/2007/06/clemen-chiang-seminar-in-options.html
http://forums.vr-zone.com/showthread.php?t=375465

i just need good information what good stock to pick .. thanks to all G DAY

Dear Andrew,

I was from the 55th batch and I feel it was not worth it. Please warn your frens and peers. Some have made money using his method but only about 0.5%? And these students often bend his rules and got “lucky”. It is also unsure whether the results are repeated.

Visit http://www.petitiononline.com/SGFR001 to find out how students have been unhappy with his organization. He is dangerous because he creates unrealistic expectations and his method is as good as trying your luck at the lottery. You will be better off spending that money testing the market. He lacks integrity (Fake PhD) and Freely is only making himself rich and no one else. His 3 day course will involve 1.5 days of Clemen glorification.

All the best and hope you don’t fall prey like most of us have. There are a lot of students who would spit at Clemen’s face if we were to see it again. Spread the word, warn the public and get rid of that hypocritical crook. There was a group of 50+ students who are trying to get their money back from a recent batch but once the money is in Clemen’s pocket, you can forget about it.

Hi Andrew

You were saying about the Freely Preview and the course fee is RM6888, right? I Presume that you are from Malaysia and you have gone to the preview in Malaysia.

I was a Graduate from Clement Chiang Class in Singapore. Errm….. Well……. Mr Clement Chiang (Oop… or is it Dr Clement Chiang?) has sent all the freely Graduate an email some time ago saying something that he would be going oversea (USA) to pursue some MBA or kinda stuff and would not be in Singapore for a Looonng Looong .. time. So, now he is in Malaysia running his course in person? Well…. Well….. wonder how he can finish an MBA in such a “SHORT” time ….. and is now appearing in Malaysia trying to “HELP” people to achieve financial freedom? Guess you know I mean.

I would suggest that you take advice from nightfalc

Clemen Chiang is dangerous because
1) He creates unrealistic expectations like turn 5K into 1 million in 2-3 years. Jmot(3 yrs), Tony Chai(5 yrs) after taking his freely course are still taking other trading courses and not millionaires. Doesn’t that tell you something.
2) He creates Big-Head Syndrome in ignorant trading newbies who blow their accounts up. I heard of one who borrowed 50K from a bank and blow himself up after getting his big head from you know who.
3) He teaches unsound trading methods like playing earnings gap where u lose everything if the stock gaps the other way or don’t move(ever heard of the Greek Vega). His repair strategy of creating a spread is even more risky.
4) There are other trading seminar sellers who sell unrealistic expectations and make 1 million dollars per seminar through ignorant newbies. All these are seminar sellers are dangerous and without conscience. Do they have no heart for people who are going to lose their life savings due to what they teach?
5) I hope Jesus Christ intervenes in the case of Freely. And other Fake Trading Seminar Sellers please go learn trading for another 5 years before teaching. And please add a 1 year post seminar support to your trading education programs.

I,ve attended TERAOPTIONS course by David Yuen last year 2008 and really wanted to tell all ofyou out there that he is the very money matters person. he will not conduct any post class/course and even ask you to pay for the refreshment class.

nightfalc, saw your petition at
http://www.petitiononline.com/mod_perl/signed.cgi?SGFR001&1

This might be of interest to u

http://sg.news.yahoo.com/cna/20090212/tap-490-true-spa-spat-goes-courts-231650b.html

It really depends on three factors, teacher, student and the current situation. If all three are not favorable, then do not learn it.

hi cheeky, there are plenty of courses - both online and classroom.

if you are looking for forex education, start with babypips.com - this is where almost everyone starts with. Forex Patterns and Probability is a reasonably good book for beginners.

after that, you can come back to me for free quality trading strategies to start you off with this is one way.

trading courses shorten the learning curve… at a price of course…

hi nightfalc, sounds like even you are not one of the 49, you also got your grievance redress?
1st of such a case here. astonishing. also serves as a warning to other rogue course providers…

Hi all,

TIME WILL TELL if you are what you are…

Clemen case is just like Lehman Brothers case. Everything was package nice and it appeal to people. The promise of good returns etc etc…the “FEEL GOOD” experience it will give to people…etc etc

All now, when everything is expose, we all know Dr C is just a fake !!!

I heard that before the 49 students sue Dr C, 30 over students sue him as he got his students to teach. Our current law minister, K. SHANMUGAM represented the case and won but these students were given a writ not to expose Dr C case when they got refunded. However, news did leak out and 17 of them got sue by Freely.

Dr C case was heard again during last Friday papers when 49 studnets went to Small Claim Trubunal to get refund for his dubious claim of his qualification when it was expose in the Strait Times in August 2008

Finally, karma has overtaken Freely Willy. I only hope no more innocent singaporeans are harm by bogus trading instructors. Amituofuo…

Yes, thats great news that he got his comeuppance. I wonder when will it be kishore’s turn.

Hi nightfalc, how is kishoe adding oil to clemen’s situation? I stumbled upon this blog by accident after visiting an identical blog which subject matter was on kishore instead.

Back in 2006 when options was still popular, I went for kishore’s options level 1 course. Fool that I was. Anyway, to cut the long story short, after the whole course, which was crammed into a 3 day 2 night thingy, I was still left with a lot of questions. Only after i did my own research online did i realize the course was sorely lacking. All the info which i got from the net was more comprehensive and i regretted paying 3k plus for the course.

Oh well, it was a lesson learned hard and well. The sore highlight was the fact that unlimited re-sits were included in the package which did not materialize at all. Not that it would have helped anyway. And all of us suckers, being newbies, also bought his stock email alerts which showed which stocks were trending up or down, once a week. My goodness, the email alerts were actually based on past performance! What a fool i was then.

Eventually decided to read up on the net and bought books for myself which at the very LEAST taught me the very fundamentals of options, basic TA and other stuff which i did not learn from paying 3k plus. Damn. And now it seems like kishore is riding on the forex wave as well. He’s just joining the bandwagon and advertising his forex courses. I just hope that people will think clearly and know that his advertisements are mainly hyperbole.

nightflac, the worst part is, kishore is always playing the religion card to appear honest and ethical. It just purely a marketing tool to get more “converts” to his seminars thats all. Doing that is really scraping the bottom of the barrel. What goes around comes around. For sure.

Clemen is finally shutting down. Freely.com is just a freelymethod login page. RIP…

Claim Freely!!!

Hi, anyone can adv me about T3B system found by Keane Lee ? Is the system workable to make profit consistently for stocks trading as said by Keane Lee (80%) ? any of u ever sign up for his seminar which worth S$2600 ? Is it worth to spend the money for his seminar & the system ? Need opinion from all of you. Thx

Hi guy…read a lot of “Dr” Clemen thing you all discussed. Actually I am doing some research on Mirriam MacWilliams 4 day course with cost about $7K. Well, if any kind souls there can advise how effective the course and worth this kind of money? after reading your comment, my 2nd thought is that Mirriam might make more $$ in conducting such course then trading.

Cheers….

hi amos, if you download my course comparison table, there is quite a good amount of details about Mirriam’s course. have you have prior experience in trading? why you choose to learn options? just curious

hi jmot…where can I download the table. Currently I am trading some shares locally. Well after attending the Wealth-Mentor talk and like to find out more about this trading. Any advise?

HI Amos

Oh ya… by the way. I have re-sit his course 3 times. So, not to worry that this re-sit package will not be materialized as was experience by one of the commentor “The General” when he attended Kishore’s course.

And there is no software to or any email alert to be bought also.

Hi Amos

I used the brokerage from US. Their commission are much cheaper than local one. You can open the account online. Here are some of the brokerage

Interactive Broker:
Good platform to use but charting software not beautiful. Minimum USD$10,000 deposit. Require minimum activity for every month or there will be inactivity charge. Commission very low (maybe lowest of all), very suitable for very active trader.

Think or Swim Inc
Good platform and charting software is beautiful. Minimum deposit is about USD3500-4000. No inactivity charge. Commission not bad. Service is excellent. Highly recommended for beginner.

If you are a beginner, you may try ThinkorSwim.

Trading options is much tougher than the stock. There is a lot of dimension to be considered, eg time value, implied volatility, delta, strike price. If you’re new to this instrument, you will really need to spend a lot of time to understand the in-and-out of this instrument.

It is not as easy as was claimed by some of the course vendor.

I agree with Jmot, have you really consider why would you like to give options a try?

For the past 3 months, i have been making about 30-50% monthly trading forex using mainly the macd daily indicator both buying and selling overbought or oversold positions . I do not use stop loss but trade very cautiously/conservatively. e.g For a deposit of USD 1000 and using leverage of 100, although i can trade up to 100,000 or 1 standard lot, i only put in a position of 1000(or less) per trade(or 0.1 mini lot) I will average in with another 1000 for loss of above 50 pips etc.
I trade using the oanda platform. I attribute my success mainly to the small size of the position that i put in and using the leverage of forex to add on to losing positions.

ladies and gentlemen…. something interesting has emerged. some students said that clemen would do the following during his “trade live with clemen” sessions….

1) He would buy up a huge quantity of an illiquid option before the
event.
2) He would place in a much higher ask price.
3) During the event (Bali Retreat / Options Championship), send an
order to buy at market the particular option to all his students.
4) Make shit loads of money and students realize immediate losses.

If you have been “victim” or had experience in this matter, we would like to hear from you. This is a mere allegation at the moment but is worth investigation. Please email tanhanfung@hotmail.com to provide information.

Other things worth considering are:

1) Does Singapore legislation allow Clemen to dispatch such specific financial advise without being registered with the appropriate bodies? If he has broken this law, we might be able to have additional ammo to whack him.

Hasn’t Clemen Chiang been proven to be a cheat? He does not have a legitimate PhD from an accredited university. It was reported in the Straits Times. Maybe jmot might want to change glowing review that was given? I think Mr CC not Dr CC is important as people need to know the truth before they get conned.

one comment for clemen, FUCK HIM WITH HIS FUCKING SHIT METHOD!!!!!!!

was talking to a psychologist that day and she said that a lot of these “gurus” use techniques taught in their professional studies in an unethical manner to gain commercial advantage from the masses… these techniques are hypnosis and embedded commands. NLP is also a powerful tool that can be subject to abuse.

The main distinction that one must be aware of is the intention of the person wielding the tools. These gurus just want to make fast money and have no checks in place with regards to conduct. Whereas a psychologist that has gone through a comprehensive study that involved ethics before technique knows its power and is subject to professional review if it is known that they abuse their skill and their patient’s confidence.

so the next time you think about going for a Rara seminar by Anthony Robbins / Success Resources / etc etc, BUYER TRULY BEWARE!!!!!!!!! now do you know why the SELL SELL SELL at the end of all their programs? coz they have gotten you in their mental “sweet spot” where you will SPEND SPEND SPEND.