I signed up for "Mentor Mike's" trading class at PTA. His daily blog made it look like he had an amazing trading record, and I wanted to learn how he did it! Unfortunately his expensive class taught me very little of value that I had not already learned or figured out from his blog and free promotional webinars. My trading did not improve one iota.
So I was excited when he announced the opening of his new trading room. He used the phrase "earn while you learn" - implying to me that I could make money by following his trades live with him, while also learning how to do this style of trading on my own.
During my 6 months in the trading room, I recorded every trade that he took. The exact time the trade was opened and closed, the entry price, the closing price, the total gain or loss for each trade, and his reason for taking the trade. The trades taken in the trading room LOST MONEY EVERY MONTH (an average of - $10,000 a month). Basically he proved to me for 6 months in a row, that his system does not work - period. How could I possibly make money with this system if they guy teaching it to me could not make it work?
In addition to the trades taken in the trading room, he would take additional trades in the morning before the room opened, and in the afternoon after the trading room closed. These trades taken outside of the room "magically" worked much better. These trades were generally included on the final charts that he posted for the day (making his system look much better overall).
When my 6 month subscription ended, PTA called me to renew. They told me that "the trading room makes $10,000 a month!" Having just witnessed in detail that the trading room LOOSES $10,000 a month, I could only conclude that THESE PEOPLE LIE.
Despite their guaranteed refund policy, Pacific Trading Academy refused to refund our money when we tried to cancel within the 30 days allowed. They wanted only to give us other services in trade, and when we refused that, they just didn't bother to return our money.
After complaining to the BBB about them, we got several calls from PTA, but NONE of those calls resulted in refunding the money.
Each time a PTA representative called, the call ended the same way, with the PTA representative making excuses that "they weren't the person who could authorize the refund"... and the person who WAS authorized never materialized.
After months had gone by, we got yet another call from PTA and when my husband said he did not want to do business with PTA, the representative got snotty and passive aggressive - saying "oh, so you don't want a refund" and then hung up.
These folks are cheats and liars. And the tutoring services were INCOMPETENT (which was why we cancelled the contract well within the 30 day allowance). $2000 lost. BEWARE of Pacific Trading Academy.
Pacific Trading Academy, LLC Reviews
I signed up for "Mentor Mike's" trading class at PTA. His daily blog made it look like he had an amazing trading record, and I wanted to learn how he did it! Unfortunately his expensive class taught me very little of value that I had not already learned or figured out from his blog and free promotional webinars. My trading did not improve one iota.
So I was excited when he announced the opening of his new trading room. He used the phrase "earn while you learn" - implying to me that I could make money by following his trades live with him, while also learning how to do this style of trading on my own.
During my 6 months in the trading room, I recorded every trade that he took. The exact time the trade was opened and closed, the entry price, the closing price, the total gain or loss for each trade, and his reason for taking the trade. The trades taken in the trading room LOST MONEY EVERY MONTH (an average of - $10,000 a month). Basically he proved to me for 6 months in a row, that his system does not work - period. How could I possibly make money with this system if they guy teaching it to me could not make it work?
In addition to the trades taken in the trading room, he would take additional trades in the morning before the room opened, and in the afternoon after the trading room closed. These trades taken outside of the room "magically" worked much better. These trades were generally included on the final charts that he posted for the day (making his system look much better overall).
When my 6 month subscription ended, PTA called me to renew. They told me that "the trading room makes $10,000 a month!" Having just witnessed in detail that the trading room LOOSES $10,000 a month, I could only conclude that THESE PEOPLE LIE.
Despite their guaranteed refund policy, Pacific Trading Academy refused to refund our money when we tried to cancel within the 30 days allowed. They wanted only to give us other services in trade, and when we refused that, they just didn't bother to return our money.
After complaining to the BBB about them, we got several calls from PTA, but NONE of those calls resulted in refunding the money.
Each time a PTA representative called, the call ended the same way, with the PTA representative making excuses that "they weren't the person who could authorize the refund"... and the person who WAS authorized never materialized.
After months had gone by, we got yet another call from PTA and when my husband said he did not want to do business with PTA, the representative got snotty and passive aggressive - saying "oh, so you don't want a refund" and then hung up.
These folks are cheats and liars. And the tutoring services were INCOMPETENT (which was why we cancelled the contract well within the 30 day allowance). $2000 lost. BEWARE of Pacific Trading Academy.