Is Thomas Kralow a Scam or Does He Offer a Legitimate Trading Education Program?
There’s no doubt that the trading education industry is a breeding ground for fake gurus. On social media platforms like Twitter, Instagram, and TikTok, you’ll find all kinds of self-proclaimed trading and investing experts making ridiculous claims.
But most of these unscrupulous individuals haven’t even achieved any legitimate trading or investing success themselves. They simply use these platforms to build followings and trick people into their schemes. Whether it’s an outright scam of stealing people’s money or a more subtle approach that involves selling an overpriced, ineffective course – these swindlers give the entire industry a bad name.
There are, however, some individuals who actually operate in an ethical way. The problem is that the vast majority don’t, so the honest individuals tend to get drowned out by the liars. Based on our human nature, it’s so easy to be enticed by get-rich-quick schemes. We like to dream of fast and easy riches – even though getting involved with such schemes rarely, if ever, works.
So when a legitimate trading coach actually speaks the truth about how hard trading is, most people turn the other way or lose interest. Unfortunately, this results in the scammers winning and the honest individuals losing. Most of the time, the fraudsters easily attract customers based on false promises while the authentic educators have a hard time bringing any in.
Based on these realities, does Thomas Kralow fall into the category of fake guru or legitimate guru? In the coming sections, I’ll share the top Thomas Kralow complaints and compliments, as well as my personal take on the quality of his trading program.
Top 3 Thomas Kralow Complaints and Criticisms:
As I run through some of the top Thomas Kralow complaints and criticisms first, I think it’s important not to draw any final conclusions until you hear the top compliments and praise as well. Make sure to keep an open mind for both sides. The reality is that no single person or business can exist without any complaints or criticisms. There will always be naysayers to some degree.
#1 Thomas Kralow Sells a Trading Program But No Longer Day Trades
This is probably the most common complaint about Thomas Kralow and I completely understand where people are coming from on this. The thought that he is selling a program centered around active trading, yet he no longer actively trades himself seems kind of suspect. In most cases, this would be a red flag, but after watching nearly all of his YouTube videos and going through his program, I just don’t think it matters that he no longer actively trades. Strangely enough, I actually think it’s a plus.
Most other trading courses and learning programs out there are far too focused on the gurus running them. What I mean by this is that they’re constantly bragging about their own success and not really teaching their subscribers anything helpful. The only reason many of these gurus are so successful is because they have hundreds or thousands of followers blindly following them in and out of trades. Then they use their distorted profits to promote their service and attract even more unsuspecting subscribers.
So the fact that Thomas Kralow no longer day trades, or offers a chat room, or sends out buy and sell alerts to thousands of subscribers just to pump his own positions, is actually a major relief. I’m glad his program isn’t about marketing his most recent $20,000 winning trade or his distorted equity curve. But rather, about providing his students with a legitimate education. In an industry that tends to glorify fake gurus, Thomas Kralow’s trading program flips the script by concentrating on the students instead of the teacher.
#2 You Can Find All of the Information Within His Trading Program For Free Online
While it might be theoretically true that you can find every single piece of information within Thomas Kralow’s trading program available for free online, I just don’t see it as a realistic option. I tried the old-fashioned “Google” and “YouTube” method at the beginning of my own trading journey, and it resulted in me consuming a lot of conflicting information from various sources. So while it helped me learn some basics to a certain degree, most of what I came across was confusing and downright wrong.
If somebody completely new to trading were to take the approach of trying to learn online 100% free, I just don’t see it going all that well. Sifting through mountains of conflicting information, trying to decipher what’s true and what’s not, and then turning all of that information into practical skills would be close to impossible. The reason why people take courses online or in-person at universities is for the well-structured curriculum, professional support, and the development of legitimate skills – not just for information.
This is a criticism that usually comes out of individuals who group every trading course, program, or service into the same “scam” category – no matter what. They don’t even need to go through it, they already know it to be true. But in my personal opinion, not all trading educators and their services deserve to be grouped together as scams. If playing the odds, I agree that the vast majority of popular trading gurus are shady and deceitful, but not all of them deserve to be cast in the same mould.
#3 Thomas Kralow’s Trading Program is Too Expensive
This is a complaint I see about everything – trading related or not. But it’s all relative. For some people, a $1,000 course is a drop in the bucket. For others, it could be their life savings. So to say something is too expensive is extremely subjective. Is a $1,000 course expensive if it teaches you valuable concepts and helps you develop critical skills needed to generate $5,000 per month? To be clear: I’m not making any performance claims – just trying to provide perspective on what constitutes “expensive”.
Thomas Kralow offers three main subscription options – Standard, Assisted, and Assisted Plus. In my personal opinion, the Standard option (100% independent learning) is actually underpriced at less than $1,000. The Assisted option (60% assisted, 40% independent) is reasonable at less than $2,500. The Assisted Plus option (90% assisted, 10% independent) is way out of reach for most beginners at around $15,000. But there’s nothing forcing you into the Assisted Plus program – the other two plans are priced at a reasonable level.
In all seriousness, if you don’t have at least $2,500 to put toward your trading education, then it’s probably not something you should be looking into. I see so many traders say that legitimate trading programs are too expensive and then proceed to lose thousands of dollars acting ignorantly in the market. What’s more expensive in that case – your education or lack of education? And for trading educators, it also becomes a balancing act between making their program accessible and making sure their students actually have skin in the game.
Top 3 Thomas Kralow Compliments and Praise:
After going through the top complaints, it’s time to go through the top compliments. While researching the experiences of other Thomas Kralow students, it was actually hard to find many complaints – and much easier to find compliments. This lack of negative reviews actually made me skeptical at first, but after going through the program myself I now understand why this is the case.
#1 Thomas Kralow is Completely Honest and Transparent About Everything
Just by watching some of Thomas Kralow’s YouTube videos, you’ll see that he’s an open book on just about any subject. But specifically in relation to trading and investing, he’s no nonsense. He doesn’t make any bogus claims or false promises – he’s entirely honest about the realities of trading for a living. It’s abundantly clear that he’s different than most other trading gurus out there. He doesn’t fill your head with big, unrealistic dreams, but rather the proper expectations for achieving durable success.
Just the other day, he publicly shared the details of his net worth. He’s the only trading educator I’ve ever seen do something like this. Most other trading gurus want to keep their financial details a secret – probably because they’re hiding something. Most likely afraid the truth will be revealed about how they’ve accumulated their wealth (not from trading, but from selling lousy courses). So Thomas Kralow’s complete transparency on his income, assets, expenses, and liabilities is a sign of authenticity.
I can see how this level of honesty and openness can be threatening to other trading gurus. Which could be a major reason why he’s had issues with a non-student posting a handful of fake reviews on TrustPilot recently. This non-student could potentially be a competitor trying to knock Thomas Kralow down with bad reviews in an attempt to drive students elsewhere. Which is just another sign of how low and phony some of these gurus can be. So it’s nice to see someone like Thomas Kralow being real and transparent.
#2 Thomas Kralow Offers the Most Complete and Well-Structured Trading Program Available Online
In addition to his transparency, Thomas Kralow also offers one of the most complete and well-structured curriculums for his trading students. When it comes down to it, the quality of the program is what matters most. You can say what you want about Thomas Kralow as a person, but there’s no doubt that his curriculum is far more organized and comprehensive than 99% of trading programs out there. This isn’t just a random compilation of old webinars quickly thrown together as a “course”. It’s the real deal.
Thomas Kralow also understands the difference between conceptual understanding and practical application. This relates back to one of the biggest complaints we discussed about how all of the information can be found for free online. But the program is more than just information. It also offers interactive tasks, homework, quizzes, and tests for deeper learning. These are the kinds of activities that turn information into functional skills – not blindly following trade alerts from somebody else.
Unfortunately, many prospective traders don’t really understand the importance of practicing in a demo account and building core skills. They spend months or years reading multiple trading books and watching countless YouTube videos thinking that’s where they’ll discover the “secret sauce”. But the truth is that the secret sauce involves much more than some basic setup, pattern, or structure. It involves the practical application of various skills – mental, analytical, risk/money management, and more.
#3 Thomas Kralow Offers a 30-Day Refund on His Trading Program
It’s crazy to think about, but most people selling trading courses and learning programs online don’t offer any refunds. So if you receive a lousy product after paying hundreds or even thousands of dollars, you’re essentially out of luck. Thomas Kralow, however, offers a full money-back guarantee within 30 days of purchase if you decide the program isn’t right for you. This shows his own confidence in his program and makes it much more comforting to know that you’re not being scammed.
Sadly, people buy lousy trading courses every single day – ones that don’t even offer any refunds at all. They buy them based on false promises because they’re looking for a way out of whatever unsatisfying situation they’re in. They have a low-paying job, can’t stand their boss, or whatever the case may be – and they’re looking for a “magic pill”. And that magical pill is some “foolproof system” or “explosive alert”. Most trading course and program sellers have no problem preying on these desperate individuals.
Thomas Kralow, on the other hand, is very adamant about people not putting themselves in dangerous financial situations just to purchase his program or trade. You simply won’t be successful if you’re desperate for money – you’ll cut corners in your training, and worse, end up acting impulsively and irrationally within the live markets. And again, this goes back to Thomas Kralow’s obsession with proper expectation-setting for his students. He wants them all in a position for long-term success.
The Wrap Up – Is Thomas Kralow’s Trading Program a Scam or Legit?
Based on years of personal experience using and reviewing dozens of trading courses, programs, and services, I think Thomas Kralow’s trading program is completely legitimate. Will merely purchasing his program automatically result in success? No. Your success depends on multiple factors. But it’s the most well-structured and comprehensive trading program I’ve come across to date.
It’s not just some basic course that promises success within a few days and teaches a couple simple candlestick patterns. If trading success were that simple, everybody would be making money hand over fist. But the truth is that candlestick patterns are only a small fraction of what you need to understand for durable trading success. There’s no single “secret ingredient”.
|Discover 3 Great Ways to Get Started Learning From Thomas Kralow For Free|
|Check For the Best Possible Discount on Thomas Kralow’s University Grade Trading Education|
It’s about the culmination of various concepts and skills, using them at the right time, and constantly tracking, testing, and refining over time. This is what Thomas Kralow teaches throughout his 4-month long program. Simple patterns don’t work because market dynamics change over time, so you have to be flexible enough to adapt with them. Markets and patterns change, but core skills last forever.
Overall, the complete transparency and comprehensive curriculum are second to none:
“Best program out there”.
“I admire him for being genuine”.
“No false promises”.
“Best on the internet by far”.
“100% worth it”.
“I would give 100 stars if I could”.
“Best choice I’ve made in my life”.
“Deepest and most logical approach to the markets”.
“Wish I found Thomas before spending money on other courses”.
Please share your thoughts and experiences with Thomas Kralow and his University Grade Trading Education program below.
Written by Matt Thomas (@MattThomasTP)
Related Pages:
- Thomas Kralow’s Net Worth and Trading Track Record
- Thomas Kralow Review – What is Thomas Kralow Trading?
- What is a Trading Guru – Real Educators vs. Marketers
- What is Training For Trading – Breakdown of Required Skills
- Trading Courses vs. Learning Programs – What’s the Difference?
Full transparency on my part, I know little about trading at this point. However, I thoroughly enjoyed the honesty within the article and actually hopped across to Youtube (Whilst I was mid way through) to view some of the videos posted by Thomas Kralow to get a better understanding on the topic.
What I really liked about this was that you have taken the same approach as Thomas Kralow in terms of setting proper expectations and not making any false claims. In fact, it’s clear that you have taken a great deal of time to research and compile a detailed review with many supporting posts, outlining both positive and negative facets of this program and came to a conclusion that is based on deep research and experience. You don’t see that very often.
Hi Danny – thanks for your comments.
I think the trading education industry as a whole is way over the top when it comes to making false promises, which they’re doing just to sell courses, programs, and services – that are typically lousy. So what really stood out when I researched Thomas Kralow and went through his complete trading program myself is that it’s completely different from the usual trading courses you find online. He doesn’t brag about his own profits or share hot picks – that’s just not what his program is about. Instead, it’s about legitimate training – learning concepts, applying them through homework assignments, tests, and demo trading, tracking your statistics, and then developing and refining your own approach. It’s a long course designed to take four to five months for the average student to complete – it’s not a get-rich-quick program. But the end result is that it actually works for students who are willing to put the time and effort into properly training.
Thanks again for your comments. Take care!
I had not heard of Thomas Kralow before reading this. I do know of a technical analysis course, taught by the London School of Economics that costs about $30,000. For that one you have to attend night classes each week for about 6 months.
So if your an international student add in the costs of your accommodation.
$15,000 sounds cheap by comparison. But there is also the credibility to compare. Could you secure a position with a major financial firm as trading analysist with Thomas’s course?
Hi Michael – I really appreciate your question.
It’s difficult to compare something like the technical analysis course taught at the London School of Economics and Thomas’s Kralow’s course because they’re mainly focusing on two different “worlds”, if you will. The course offered at the London School of Economics seems to be much more about building long-term investment portfolios, while Thomas Kralow’s course is much more focused on short-term day trading. There’s certainly some overlap between the two, and the terms trading and investing are often used synonymously, but there’s a drastic difference between day trading and investing.
In my personal opinion, Thomas Kralow’s course is more geared toward individuals who want to build the skills to day trade their own money – or possibly get funded through a funded trader program (or some sort of prop firm). But the goal of most students isn’t to become an analyst at a major financial firm. It’s just a different approach to the markets. Most major financial firms aren’t really day trading – they might be actively managing portfolios, but it’s not the same as day trading.
With that being said, Thomas Kralow recently added a bunch of new lessons to the end of his course covering the concepts of long-term portfolio building and wealth creation in order to make it more well-rounded. But generally speaking, the course is meant for retail traders to build the skills to manage their own money or potentially get funded by a prop firm – not become an analyst at a firm. I’m not saying it’s impossible to do so, but I don’t know of any students who have attempted that approach yet. The reviews and testimonials from his students might give you a better idea of what it’s all about.
Hi Matt, I don’t know much about trading, but you make a great case for Thomas Kralow being legit.
My husband bought a program in the past to help him with investments, but he didn’t follow their advice. So, even if a program or person is legit, you still have to do what they say and put in the individual work in order to see the desired results. Too bad my husband’s program didn’t offer a 30-day money-back guarantee.
I don’t think the prices are unreasonable or too steep (except maybe the $15,000 for Assisted Plus). It would probably cost more if you took the course at university though.
Hi Lynn – I really appreciated your comments. Even for somebody who admittedly doesn’t know much about trading, you clearly understand that courses and learning programs (trading-related or not) aren’t some magic potion – there’s still individual effort that needs to be put forth in order to build skills, experience, and achieve any high-degree of success. Most people think chat rooms, hot picks, and trade alerts are the answer to instant riches, but most of the time these things only breed dependency instead of self-sufficiency. But if you don’t know how to act for yourself within the market environment based on your own risk tolerance, personality, and preferences, then you’re just asking for trouble. It’s completely fine to learn ideas and concepts from superior traders in the beginning when you essentially know nothing, but every great trader creates an overall strategy/system/process that is uniquely their own. Take care!
I had my doubts about Thomas Kralow before hearing your personal perspective, but now I understand exactly what his program is all about – legitimate education and training. It’s sad that the rest of the industry gives good trading gurus a bad name. I’ll be checking his offerings out further since I no longer think he’s a scam.
I won’t lie – I was extremely skeptical about Thomas Kralow too before watching all of his YouTube videos and going through the entirety of his Complete Program.
But as I was going through this research process, it quickly became apparent that he was different from the rest of the gurus in the industry. What stood out to be was his extreme openness and transparency – which you simply don’t see from other so-called trading mentors (because they’re oftentimes trying to hide something).
Overall, his program is the opposite of the typical nonsense you see online about explosive alerts, foolproof systems, and perfect indicators. Instead, Thomas Kralow is actually honest about how hard trading is and the path required to achieve consistent profitability. I respect him immensely as a trading coach because he doesn’t fill his students with unrealistic expectations and actually focuses on helping them develop legitimate trading skills.
You have made the case for this being a legitimate program and I don’t disagree. The problem I have is that I know myself too well to jump in at this time. I know from past experience that I’m not a great follow-through kind of person on these things. For the right kind of person though it seems like a great program to pursue.
Hi Mike – thanks for sharing your thoughts.
Your decision not to pursue Thomas Kralow’s trading program is perfectly reasonable. What I think is a major issue with the trading education industry in general is the tendency to make people think that trading is easy or some sort of fast method to making money. But reality is far from the dreams portrayed by most trading gurus.
One of the things I like most about Thomas Kralow is his full transparency and proper expectation-setting. If trading is a bad fit for you, he wants you to realize it as soon as possible. Becoming a consistently profitable active trader is extremely hard – which he openly admits. Unfortunately, the rest of the industry wants to make you think that it’s easy so that you dive right in and buy whatever courses, platforms, or services they’re selling.
Does your education or lack of education cost you more? Yep, I can relate. How much money I wasted on things like bogus services, those meaningless and honestly inferior products and falling into subscription schemes……Man, THe harshest truth for me was that some of the best life changing programs for me either required a MASSIVE investment in the beginning or a lot of dedication, and in some cases, both. What feels good to you may not be good for you, as a dating coach I follow once mentioned. That includes what is cheapest and seems like a get rich quick product.
I hear you on that. Back when I first started trading (if I can even call it that because I was just trying to follow guru alerts at the time), I wasted thousands of dollars on various chat rooms, newsletters, and alert services. So when people say that Thomas Kralow’s full-blown trading education program is expensive (especially the lower-priced Standard and Assisted versions around $1,000-$2,500), I actually see it as a steal. I honestly wish it existed seven or eight years ago and that it was the first trading program I purchased so that I could avoid all the other lousy ones out there.
It would’ve saved me thousands of dollars in subscription fees – not to mention the thousands more I lost in the market trading incompetently. And also the years of time I wasted thinking that some guru or alert/signal service was the answer to my trading woes. I should’ve just focused on legitimate training right from the start. It’s easy to say now, but at the time I was so wrapped up in making money fast that learning and building skills for a few months didn’t seem attractive – and I know that’s exactly what most people looking to get into the market are thinking as well. But you have to be able to avoid the traps of magical indicators and foolproof systems (or at least quickly learn from your mistakes) – a get-rich-quick mentality in the market never ends well.
It’s very true what you say. Finding legitimate courses and gurus in the trading education industry becomes more difficult by the day. Many gurus out there seem to be making more money from selling courses than their actual trading! But at least Thomas Kralow has a long trading history prior to even creating a course, so he shouldn’t be categorized as a rip off.
Completely agree, Steve. It’s sad how hard it is to find people offering legitimate trading education these days. I’m personally skeptical of every single trading course, program, platform, and service before I have the chance to experience it for myself. I honestly thought Thomas Kralow was just another fake guru that would have a chat room and be sending out alerts to pump his own positions – but I was completely wrong about that. His program actually turned out to be the most honest and comprehensive I’ve come across in several years.
I know some haters will relentlessly attack him for transitioning out of short-term trading. But the thing is that there are plenty of fake gurus who actively trade – and that doesn’t necessarily qualify them as good traders or prove that their courses are helpful. In many cases, these self-proclaimed gurus had limited success before launching a trading service, then created a chat room/alert service, and only have the appearance of being great traders because of the dynamics of how alert services work. When they attract hundreds or thousands of blind followers copying their every move, that amount of buying power coming in after every entry alert makes it hard for them to lose. As a result, their profits are distorted in the positive direction, which they can then use to promote their service and attract even more followers – and the cycle continues.
So I actually like that Thomas Kralow’s program isn’t designed this way. There’s no chat room or alerts – just a strong curriculum for intensive learning and skill-building. I know people tend to like the excitement of chat rooms, newsletters, and alert services, but they rarely help people achieve durable trading success. Thomas Kralow’s program, however, covers all critical trading concepts, allows you to build technical, analytical, and mental skills along the way, and leads up to the development of your own strategy/approach – or “personal trading algorithm” as he calls it. This is the real path to trading success. Not some ineffective copy-cat approach like most other services are. These lousy services are flashy and exciting – and people want to believe in them – but they just don’t work. Thomas Kralow’s program is the real deal.
Trading is already quite complicated for anyone; so when you have a program that is centered around trading you’ll always have complaints to some degree. As for me, I have never used this program specifically but have used others, and based on the training it provides it appears completely legit to me. It is a program where you learn to trade step by step and you have different price points according to what you want, completely self-directed up to 90% assistance. I prefer a mentor who is focused on teaching me valuable information and providing me with exercises to build competency rather than someone who boasts about their own results and might not even be that successful.
Yes, I completely agree. Trading is a fairly complicated subject because most people don’t really understand or accept what good trading actually is. Instead of building core skills, finding a statical edge, and sticking to that edge with consistency, most people choose the path of gambling instead – essentially trading randomly, erratically, and without any sort of rules/structure.
In most cases, people try to skip the building core skills phase, and as a result, go on a search for some foolproof indicator or alert/signal service promising explosive profits – this is exactly what I searched for too when I first started out, so I understand. But foolproof indicators don’t exist – there are no certainties in trading, it’s a probabilistic game. And alert/signal services simply don’t work as well as expected. Thousands of people can’t just blindly copy one “leader” or “head trader” who is sending out alerts and all expect to get the same or similar results. The reality of these situations is that the leader usually wins and experiences distorted profits, while the vast majority of followers lose big.
This is why I’m a huge proponent of building skills and working toward self-sufficiency instead – and also why I like Thomas Kralow’s trading program so much. I know there will always be skeptics and haters complaining about things like how he no longer actively day trades, but what I like most about his program is that it actually provides the necessary features for students to turn trading knowledge into practical skills, creating a personal trading algorithm, tracking trades, and refining your approach over time. He doesn’t offer a nonsense chat room or alert service just to pump his own account. The entire focus is on the program itself and how it can help you – the student. There’s no specific style of trading or approach he forces on anybody. It’s all about building skills and applying them to any markets or time frames you choose.
If people want to complain about a program that teaches the proper approach to trading from a technical, mental, and analytical perspective – then I’m not sure what types of programs or services they would even approve of. When I’ve seen complaints, there’s never any suggestions on better alternatives. Overall, it’s not a get-rich-quick type of program – and I feel like Thomas Kralow does a good job of making that clear right from the start. Most other trading programs and services not only set up subscribers with ridiculous expectations through fancy marketing and false promises, but then provide lousy courses or outdated webinars that they try to pass off as “education”. It’s honestly a night and day difference between what Thomas Kralow offers and most other trading gurus offer. Again, it’s not some magical system that will endlessly pump out winning trades for you without fail, but it’s the closest thing to a university grade trading education program that I’ve come across.
https://www.forexpeacearmy.com/community/threads/thomas-kralow-university-scam-fake-results.70386/
it’s clear this thomas kralow is nothing but a ponzi scheme and affiliate scam
how much has thomas kralow (not even his real name by the way) paid you to write this garbage?
photoshopped statements and a scam course. all evidenced by the increasing numbers of dissatisfied customers now speaking out.
Hi John – I appreciate you sharing your thoughts on Thomas Kralow and his trading program.
I’ve checked out that thread on ForexPeaceArmy in the past, as well as the TrustPilot reviews – and a lot of the negative comments seem fake to me (maybe some of the positive ones are too – there’s really no way for me to know). But since I checked out all of Thomas Kralow’s YouTube videos and went through the self-directed version of his program, it just feels like a lot of the negative reviews are coming from individuals who haven’t actually been through it themselves. I don’t want those who have legitimately gone through the program and had bad experiences to feel unheard or silenced, so they certainly have a platform here to share their experiences if they choose. But based on my own experiences with dozens of other trading courses, platforms, programs, and services – I personally think the content and structure of Thomas Kralow’s program is far better than most (if not all) others I’ve come across – and I’m open to hearing from anybody who has a better recommendation on where and how traders can properly learn.
Thomas Kralow’s trading program isn’t perfect – and it won’t provide you with some “foolproof indicator strategy” like other gurus promise. But instead it covers a variety of critical trading concepts that need to be combined appropriately for durable success. Far too many people make the mistake of thinking that trading success comes down to some “magical” indicator or pattern, but it’s about much more than that. Chart patterns and indicators are part of it, but there’s also expectations/mindset, risk/money management, and tracking statistics – just to name a few. These mental, technical, and analytical skills are all crucial for overall success – and I think the program does a great job of not only covering these topics, but providing interactive tasks, homework, and tests for deeper learning. All of this education and skill-building then culminates in choosing an approach and developing your own system (or “personal trading algorithm” as Thomas Kralow calls it). Throughout the months-long program, all trading is suggested to be done in demo while tracking and refining your approach. It’s only at the point where you’ve achieved consistent success over hundreds of demo trades that real money trading should be considered. So in my opinion, he’s teaching the safe and actually effective path for students to achieve trading success. This is FAR different from other guru programs that make lofty promises to subscribers about how their chat rooms, newsletters, or signals/alerts will produce ridiculous profits in no time and without effort.
It’s an interesting thing that I’ve seen in several arguments against Thomas Kralow on message boards and review sites about how the information he provides can be found for free elsewhere – and I don’t necessarily disagree with that. But this can be said about information on almost any topic. You can find all kinds of information online for free. But it’s not just the information itself that’s all that valuable. It’s the structure that it’s presented in with the accompanying tasks and tests, and how all of the concepts you learn and skills you attain come together to develop and endlessly refine your approach based on ever-changing market conditions. Offering this sort of information with interactive tasks in order for students to build legitimate trading skills doesn’t seem revolutionary, but it actually is within the trading education industry. Most other programs out there just make false promises about how you can make fast, easy riches. This is a concept I bring up all the time, but there’s a drastic difference between conceptual understanding and practical application. Simply reading books or watching videos about trading won’t automatically translate to trading success. Proper practical application requires practice and core skills.
As far as accusing Thomas Kralow of running a Ponzi/MLM/pyramid scheme – I’m not exactly sure you understand what that term means if you’re saying that. And in regard to it being an affiliate scam – affiliate/referral programs are commonplace in business. In fact, over 80% of brands have affiliate programs, including companies like Target, Walmart, Apple, Microsoft, Ebay, Amazon, and many others. So what you would be saying is that all of these companies are Ponzi and affiliate scams as well? That line of thinking just doesn’t add up. This site does make money through affiliate/referral programs, but I’m only making top recommendations based off what I think are the best ones. For example, Benzinga Pro is my #1 recommended stock market newsfeed for retail traders and Trade Ideas is my #1 market intelligence software and scanner. If/when I come across tools that I think are better in these areas, affiliate programs or not, they’ll be replaced as my top recommendations. The existence of an affiliate or referral program doesn’t automatically make something a scam, but I agree that sometimes the way certain individuals push products/services can be shady. When it comes to my top recommendations, however, I feel like I provide potential users with proper expectations, viewpoints from both satisfied and dissatisfied customers, as well as my honest take on the particular product/service. No content on this site was ever written based on receipt of payment from Thomas Kralow or anybody else.
Just to touch on the other things you said, like how Thomas Kralow isn’t his real name (Tomass Krilovs), I don’t necessarily see that as proof of him hiding something or running a scam. There are numerous individuals who have changed and/or americanized their name in order to establish a brand. I also haven’t seen any evidence that his trading statements are photoshopped – only accusations. That being said, maybe there is some shady stuff going on in the background that I don’t know about, so I’m completely open to hearing from anybody who has proof of that. But even when his own personal track record is removed from the picture, I still think that he does right by his students in the way that he sets proper expectations and truthfully talks about the difficult process required to become a consistently profitable trader.
Again, for you or anybody else who has had personal experiences with the program, I would love to hear more details. Not just about name changes, affiliate programs, and brokerage statements – but also about the content and structure of the program itself. What is it missing? How does it compare to other trading programs you’ve used? Are any of those programs better? What do they offer that Thomas Kralow doesn’t? If there are better learning programs available for traders out there, I want to know the alternatives so that I can research and review them. I’m always open to feedback on what others think are the best trading courses, programs, platforms, and tools available online. Take care!
I have been looking into stocks and how to do this. My first experience was with Robinhood and what I found was, I had no clue what I was doing. I was trying to research and find the ones I should be buying based on what the traders were saying and found this lead me into a trap of being the small fish helping them boost the stock of their choice and not actually making the big turnaround I was hoping for. When I get around to actually taking some training on what I need to know to be successful myself, I am going to Thomas Kralow. Thank you for sharing your experience and pointing me in a direction that can actually help.
Hi Chad – your story is similar to that of many beginners. Most people just starting out in trading fall into rabbit holes of message boards and chat rooms looking for “hot stock picks”. But in my opinion, no alert/signal services, newsletters, or gurus sharing their top picks will help beginners achieve durable market success. It’s a shortcut that never works.
Instead, beginners should be focused on building core trading skills in order to become self-sufficient. At that point, you not only have the know-how and tools to make your own hot stock picks, but you also have the accompanying risk/money management skills to protect your account, analytical skills to refine your strategies, and mental skills to control your emotions. Overall, successful trading requires far more than just hot picks – it requires legitimate training and skills – and no other trading educators, in my experience, talk about the training process as much as Thomas Kralow and Chris Capre. That, in my mind, is a clear sign of their legitimacy as trading mentors.
Trading success is a marathon – not a sprint. Anyone who tells you otherwise is probably trying to trick you in some way for their own benefit.
Hi Matt. I was recently looking for good online trading courses. Its not easy to choose decent products with so many options on the market, but looking on your review of Thomas Kralow training it seems to be exactly what Im looking for. Its comprehensive, has positive opinions and offers a 30 day money back guarantee. Price is quite high (at least for me) but Im treating it as investment, and good products can’t be too cheap.
Thanks for sharing your thoughts!
Thomas Kralow’s trading program is more comprehensive than any other trading program I’ve come across. It’s way more than the average trading course you can typically find online – it’s a complete learning program. Not only does it provide great information, but it also offers interactive tasks, homework, quizzes, and tests for deeper learning.
Most prospective traders never take the step from conceptual understanding to practical application – but that’s exactly what Thomas Kralow’s program helps students to do. Based on my own personal experiences, and considering the quality it has to offer, I think his Standard and Assisted programs are actually quite reasonable – if not underpriced, compared to other courses and programs out there. The Assisted Plus program, however, is definitely up there in price. But it also includes a direct line of communication and one-on-one mentorship from Thomas Kralow himself.
I’m hoping individuals who have gone through that version of his program share their thoughts and experiences within the comments section of my review or other Thomas Kralow posts soon. It would be extremely helpful to hear from real students who have experienced the top level offering of University Grade Trading Education. It’s important to note that the curriculum is exactly the same for all three – it’s only the level of assistance that changes the price.
Most traders who have gone through the Assisted version say that it was well worth it – and it’s actually the most popular membership option. But Assisted Plus is such a major price jump that it would be great to hear from students who have gone through it and get their full take.