I learnt this on almost seven years that I traded
So when I read comments of guys that got there in a few months I just think to myself, please share your results (and they will say as many traders, no that? s private! Forex is even more dangerous than stocks because they offer leverage, and that means you can trade bigger with less money, on the positive side you can multiply your account 2x, 3x, 10x in some lucky streak, but that is only temporary, on a bad streak you will give that all money back, and then you need to put more money on the account. Same history with options (also high leveraged). The brokers and forex teachers will show you the success cases but not the thousands of deceased accounts on that process.
When you blow your account, they will insist on review your lessons and study more technical analysis etc. Risk management is not good for forex brokers because no trading means no commission or gains on the spreads, leverage is also a sword of two edges and statistically high leverage trading is the door to ruin, and is not me saying it, is mathematics, just google it and you?ll see. Also, I see many comments that defend a lot the company, I suspect many of these comments are like the comments on amazon books, lots of great comments that are written by sponsors or friends of the authors (even members of the company). IMO educated people defend with concrete arguments and reasons and not attacking or even insulting, when I read an argument just being on aggressive tone it just sounds like a bit of fanatism saying, hey this guy thinks I am wrong, I’ll return the criticism with a punch… an old saying says if you fight pigs you?ll get dirty too.
By metals as gold?
So I would listen to this guys if instead they state, what have you learn? Did they teach finobacci? Or bollinger bands ? Do you even know what is the fractal market theory? Do you know what are the events that cause some catalyst on some currencies? You know what is the FOMC? How often are oil price inventories released and what currencies are affected by this? Do you know that even if you know for sure at what price one currency will be on a future date you still can be screwed if you use too much leverage? All this are things that can find on lots of books and haven?t read any specifics about this on any supposedly positive remarks from this Academy, only the typical….
I could go on and on… just one final comment, I am also a teacher myself, I have a training on Udemy very well rated btw, let me say that I felt so angry that a lot of mentors and schools (or Academies) charged thousands of dollars for available public knowledge and that really does Little Armenia opisy not warranty success, that I decided to charge something modest like $20 dollars for a 20 hour training that shows all that I learnt, and BTW I am honest and warn the students that this is not magic, all this needs is a lot of work and discipline to succeed, so this is a way of a countermeasure against abusive holy grail sellers, and my two cents to this industry.
I also hope that it will help people to move in the right direction, and most importantly they will save their money by not “investing” in schemes like IMMA.
I have been a member of IMAcademy (IMA) for a couple of months and I have never been approached/ forced by any of the educators to promote, sell, or entice family, friends, or anyone else for that matter into buying or joining.