LaserTrader
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As Mike Douglas and the guys at Mastery Trading Academy are now trading as MTA Online (http://www.mtalive.com) I thought it prudent to create a new thread to highlight their Scam.
Despite the new name it is the same Scam they did as Mastery Trading Academy (see the thread Mastery trading Academy Swindle for details).
They are very good at talking and making believable claims, but don't be fooled. They don't even have faith in what they teach as they use demo accounts.
It appears they use the old plan 5 breakout trades then focus on only the winner and ignore the losses to look good (find the lady, 3 card trick).
Also, they persuade people who take the course to sign up with a broker (ETX) who they get a cut of the brokers fees from (every trade you make they get a cut). But they don't tell you that.
Mastery Trading Academy was actually registered as a company in the UK, but the directors have all resigned and now they trade as MTA Online (possible other names) which are not registered companies.
See Mastery Trading Academy .. Swindle thread for a lot more information and proof on their lies, fakes and tricks.
Despite the new name it is the same Scam they did as Mastery Trading Academy (see the thread Mastery trading Academy Swindle for details).
They are very good at talking and making believable claims, but don't be fooled. They don't even have faith in what they teach as they use demo accounts.
It appears they use the old plan 5 breakout trades then focus on only the winner and ignore the losses to look good (find the lady, 3 card trick).
Also, they persuade people who take the course to sign up with a broker (ETX) who they get a cut of the brokers fees from (every trade you make they get a cut). But they don't tell you that.
Mastery Trading Academy was actually registered as a company in the UK, but the directors have all resigned and now they trade as MTA Online (possible other names) which are not registered companies.
See Mastery Trading Academy .. Swindle thread for a lot more information and proof on their lies, fakes and tricks.
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