Michael P Kanuika - Eminitickfactory.com

[gandalf33 10]

Greetings.

 

Has anybody any experience with eminitickfactory.com mentorship services? The man behind it is Michael P Kanuika. A webinar with him has just finished and his talking made absolute sense. Which doesn't mean anything - user reviews is what I count on - helped me avoid Traders International and opened my eyes for futuresfx.ca - which rings all the scam bells out there.

 

EminiTickFactory.com facts:

- membership: $6000

- the guy said the Inner Circle, special group which is allowed to communicate with him directly, ask him advices, call his phone, etc. has only 18 posts left. Once this is filled, others will only be allowed to 'observe him trade' and chat while doing that..."hurry, super opportunity, not much time left"... rings the scam bells

- special price of around $3000 (or $2000, not sure), if registered til tomorrow 9:30 am... rings the scam bells

- an absolutely, totally overloaded chart. 5 indicators below the chart and approx 10-15 on it, looks like a complete mess. Rings the ultimate scam bells. Although I have to admit he spoke of all of those indicators and their usage without hesitation - which can be but well prepared

- eminitickfactory.com, created 28-jan-2010, is registered by zentradersystem.com

- zentradersystem.com, registered 15-jun-2009 by Michael Kanuika

- zentradersystem.com contains the links for eminitickfactory.com and 4xpipfactory.com

- 4xpipfactory.com created 25-dec-2009, registrator hidden (Domain Discreet)

- the guy has shown a presentation that contained the 4xpipfactory.com URL in it

 

Hearing him talking was a bliss - very good and powerful words exactly nailing the trading business. Should I decide based on his words only, I would join. But all the other facts ring many bells here.

 

The guy appears to be new in the trading mentoring business (whereas he might not be new to the business of trading overall) and I understand all those websites are very new. So if anyone has any experience with these, i.e. with Mr. Kanuika, please let us know. Thanks in advance.

[Tams 20]

you would be better off reading some of the threads here...

[gandalf33 10]

you would be better off reading some of the threads here...

 

You have a very high probability of being right with that, from the stuff I've been noticing lately.

[djangho 10]

Greetings.

 

Has anybody any experience with eminitickfactory.com mentorship services? The man behind it is Michael P Kanuika. A webinar with him has just finished and his talking made absolute sense. Which doesn't mean anything - user reviews is what I count on - helped me avoid Traders International and opened my eyes for futuresfx.ca - which rings all the scam bells out there.

 

EminiTickFactory.com facts:

- membership: $6000

- the guy said the Inner Circle, special group which is allowed to communicate with him directly, ask him advices, call his phone, etc. has only 18 posts left. Once this is filled, others will only be allowed to 'observe him trade' and chat while doing that..."hurry, super opportunity, not much time left"... rings the scam bells

- special price of around $3000 (or $2000, not sure), if registered til tomorrow 9:30 am... rings the scam bells

- an absolutely, totally overloaded chart. 5 indicators below the chart and approx 10-15 on it, looks like a complete mess. Rings the ultimate scam bells. Although I have to admit he spoke of all of those indicators and their usage without hesitation - which can be but well prepared

- eminitickfactory.com, created 28-jan-2010, is registered by zentradersystem.com

- zentradersystem.com, registered 15-jun-2009 by Michael Kanuika

- zentradersystem.com contains the links for eminitickfactory.com and 4xpipfactory.com

- 4xpipfactory.com created 25-dec-2009, registrator hidden (Domain Discreet)

- the guy has shown a presentation that contained the 4xpipfactory.com URL in it

 

Hearing him talking was a bliss - very good and powerful words exactly nailing the trading business. Should I decide based on his words only, I would join. But all the other facts ring many bells here.

 

The guy appears to be new in the trading mentoring business (whereas he might not be new to the business of trading overall) and I understand all those websites are very new. So if anyone has any experience with these, i.e. with Mr. Kanuika, please let us know. Thanks in advance.

 

I never trust a company who doesn't post their street address on their website

[rcossey73 10]

http://www.traderslaboratory.com/forums/f208/reading-charts-real-time-6151.html

 

Just read that from start to finish.

[zdo 20]

Preface: My qualifications to answer this question are low. I know nothing about the site or provider and have no intention of seeking any information. I’ve only done on-line training one time and he fired me in less than a month… I haven’t been to any live workshops or trainings since like 1993 – but did aplenty before then and 95% of them were a complete waste of money and time for me…

 

“Consistent profits originate from valid beliefs – not knowledge of the markets.” John Hayden

 

The question I would ask myself is -

Am I relatively certain that $6000 + will buy me $6000 + worth of valid beliefs?

Or am I going to have to develop those beliefs independently - whether I buy this service or not?

[gandalf33 10]

Thanks for all posts of the posting posters here.

 

As I've read more and more about selling trading methodologies to "savvy investors" to quote one of the sales letters for free webinars, I've come to my personal conclusion that the best an aspiring trader can do is investing time into creating his own trading method, instead of giving away a considerable amount of money in the beginning to absolutely ANY trading service.

 

With all the tools already available (books with general advices + basic indicators/oscillators/methods (e.g. market profile, etc.)) basically on any trading-related topic for absolutely free or for a nominal price of a book, a beginning trader has a much greater chance to succeed by creating his own method rather than risking paying a fraudulent vendor.

 

I don't know how they do it - how they make me so enthusiastic about joining them, after reading their sales e-mail or visiting their webinar. Perhaps it's something innate to human nature that's in me which I subconsciously respond to? A desire to put the responsibility of my success onto someone else's shoulders, wanting to safely ride the rollercoaster of trading for sure profits? It might as well be the greed in me, responding to daily $2000 profit claims. Well, seeing myself in this light and understanding that those are perfectly normal reactions, puts me in a state of an 'observer' of those reactions, avoiding me acting on them without thinking.

 

I've spent the last week reading hundreds and hundreds of posts/forums/reviews/complaint-gathering-sites, and I've realized that buying a trading education service of any kind, in the world where the majority of them is but a snake-oil selling scam, that's after getting the money from you instead of giving money to you in the value of education, now seems to me like a trade with a risk-reward ratio slanted to the wrong side, big way. Such a trade is not worth taking - any vendor I am choosing, chances that he's a fraud are (much) bigger than that he will make me consistently profitable.

 

Plus as an added bonus, creating your own system has advantages - one of them is, it fits your personal style, which as I'm reading lately, however improbable that may seem, is one of the core foundations of the future success in one's trading.

 

The best thing about that realization is the relief I'm feeling - knowing that I will not waste any money feels very good and I'm surprised by that. I'm glad that I've started this thread.

 

With what has been said above, I don't think there's anything more I can add to this discussion. If anyone else can, please do, otherwise this thread might be closed.

[macdfx 10]

Mods should close or delete this thread. Already given this cad more free non-paid advertising and publicity than he's worth.