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?
You are so right about the fake gurus. They are everywhere. I have some faces that pop in my mind actually, but I will not type their names. The worst part is that legitimate platforms are more difficult to trust initially because of those shady individuals. I have fallen in those traps a couple of times back in the days. I “only” lost 1K. But I have seen some people buying overpriced programs and lose 10K. Sad. But trading is a skill. And as skill, it must be learned then mastered. There are no shortcuts. Regarding the first critique. It seems that Kralow prefers to focus all his effort in his business. Not necessarily a bad choice…I always wanted to try this particular program. Now is the time.
Hi Jo – thanks for sharing your thoughts and experiences!
You’re completely right that the shady players in the “trading education” industry pollute the entire space – and as a result, every single one (even the legitimate trading educators/coaches/mentors) tends to get thrown into the same “scam” category. But that’s not necessarily the case – they shouldn’t all automatically be labeled as scams. It’s great to be skeptical to a certain degree and nobody should be fully letting their guard down out there. But there are certainly some really solid courses, programs, and services available. One of the problems, however, is that the high-quality services aren’t typically in your face with advertisements offering get-rich-quick messages – so they don’t often get the attention that they deserve. Many of the lower-quality, borderline unethical programs unfortunately become extremely popular because the individuals behind them are good salesmen/marketers – pushing the limits when it comes to making profit proclamations and promises. It’s really a difficult space to properly navigate because of these dynamics. And on top of that, students/subscribers don’t all experience the same results because their levels of hard work/commitment can drastically vary, among other critical factors.
I’ve experienced plenty of programs and services that personally helped me and thought were great, yet other individuals have a completely different experience and call these same programs/services scams. Many times, I think this is due to individuals having improper expectations and assuming that merely paying for something will automatically equate to success. But when it comes to sustainable trading success, that’s just not how it works. High-quality trading programs and services are like gym memberships. Not only do you have to pay for them, but you still have to put effort/work in as well. But oftentimes, that’s not what people want – they’re expecting shortcuts. You wouldn’t buy a gym membership, never show up, and then call the gym a scam because you’re not in shape. You understand that you didn’t see results because you never showed up. But for some reason with trading, people have misguided/unrealistic expectations.
Just to wrap up the discussion on how difficult the “trading education” space is to navigate, I think it’s worth mentioning that I thought Thomas Kralow was a scam when I first came across him. If all I had to go off were his advertisements and YouTube videos, I would’ve bet he was just another fake guru. But when I checked out his website and he made it clear that “trading is not easy”, “it’s a marathon, not a sprint”, and “there is no simple strategy/structure” – that’s when I started thinking that maybe what he had to offer was legitimate. And it turns out – after going through his University Grade Trading Education program – that it’s the most comprehensive trading course I’ve ever been through. The focus on lifestyle/results in ads/videos is typically a red flag, but shockingly his course ended up being solid – and I’m glad I gave it a chance. There are certainly some naysayers out there calling him/his course a scam, but I have to imagine that the vast majority either haven’t been through the program themselves or weren’t willing to put the actual work into becoming a consistently profitable trader. A solid course/program can guide you, but it can’t do the work for you – and I hope everyone goes into this program (and all others) with proper expectations.
I lost $180,000 USD following Thomas Kralow advice! He’s a scammer.
Hi Tom – can you provide more details on how that happened? What exactly did Thomas Kralow do that caused you to lose $180K? Is this in relation to his University Grade Trading Education program or something else? I appreciate you sharing your experience.
Thanks for the breakdown of Thomas Kralow’s program. I have read other reviews about this Thomas Kralow trading program. I noticed the ones that complain the most seem to be the ones that didn’t follow his entire course structure and thought they’d immediately achieve profits by copying his personal strategy. However, his program is very expensive and not many people will risk something that won’t guarantee profits back and more. Definitely for risk takers.
Hi Bernard – I appreciate your comments!
I don’t know for certain the exact reasons why some naysayers call Thomas Kralow a scam. Maybe they legitimately had a bad experience with his program. Maybe they’re just competitors trying to bring him down. Or maybe they’re knocking him for some other reasons. Whatever the case may be – I’d certainly be open to hearing their thoughts and experiences within the comments section of any Thomas Kralow-related articles I’ve written here. But based on what I’ve seen, it seems like many of those who are calling his trading program a scam either: 1) don’t have any firsthand experience with the program and are skeptical based on other things (his advertisements, social media presence, etc.) or 2) actually purchased his program but assumed they’d receive some type of holy-grail system (which simply doesn’t exist). His program can’t magically bestow the proper habits and skills necessary for becoming a great trader upon you. Instead, you have to immerse yourself in the material (video lessons, homework assignments, quizzes/tests, etc.) and even live markets (through rounds of demo trading) in order to build skills and experience. There are no shortcuts (unless you want to undercut your personal development as a trader). It’s a program designed to take the average student four to five months to complete. And that’s because it teaches – in my opinion – the real path to trading success for those willing to do the work (journaling, tracking trades, analyzing your process and refining over time, etc.).
But just because the resources and tools are there for success doesn’t mean every single student will be happy or successful. It’s very similar to a gym membership, for example. Simply purchasing one doesn’t mean much unless you actually show up and put the work in. The same level of personal involvement is required for becoming a great trader, but people wrongfully assume that merely buying some course, program, or service will automatically make them successful (with limited to no effort or time commitment). But it just doesn’t work that way. It’s extremely easy to want the potential rewards that trading can provide, but not many people are willing to take personal responsibility and do the required work in order to achieve it. “Expensive” and “risky” are very subjective terms. Many people spend $50-100 per month on gym memberships that they never use (which they probably bought just to make themselves feel better). While others pay much more for a personal trainer or coach that keeps them on track and helps them continuously progress to higher levels in their health and fitness. The thousands of dollars on a personal trainer might seem “expensive”, but actually produces results. While the $50 gym membership seems “cheap” but is actually a complete waste if you don’t use it. In the end, a lot depends on how you choose to use and leverage courses, programs, services, mentors, etc. In regard to Thomas Kralow’s trading program – in my opinion – you get out of it what you put into it.
Hey there. I have been reading and seeing on YouTube videos a lot that Thomas Kralow does no longer day trade much and thus he is not updated with the current circumstances. I want to say thank you for answering this concern in your post. I am satisfied with your answer. Thank you.
Hi Paolo – I think recently he has actually been trading much more actively (mainly bitcoin) and he also stays up to date on many markets for teaching/mentoring his Assisted+ students. But otherwise, he doesn’t day trade stocks and futures nearly as much as he used to. I don’t necessarily believe this to be a bad thing because I think prospective traders should be much more focused on developing skills and building their own individualized process than trying to blindly copy the trades, strategies, or systems of anybody else. I think that type of copy-cat approach breeds dependency instead of self-sufficiency – which is a recipe for failure. So I honestly think the effectiveness of his program is better because of it. It’s a difficult balance because being spoon-fed alerts, signals, and hot picks is what most newcomers want, but they don’t realize that they’re undercutting their own development and long-term success as traders. This is why guru chat rooms and alert services are so popular. There are plenty of people willing to sell you this sort of thing just to make a buck because there’s so much demand. But I’ve never known any great traders who blindly mirror alerts/signals. The real approach includes developing the proper mindset and a mathematical edge through journaling, tracking trades, and refining over time.
I was doing some research about this trader called Thomas Kralow. So far I had a chance to check the Trustpilot reviews where I have found mostly great ratings. But was more curious so I dig some more and came across this article. Well is Kralow a scammer, or not? It really seems that he provides value to his audience. Also, I like the fact that he offers a 30-day money-back guarantee. But no trading system is perfect so it is important to follow the training.
I truly believe that the 4-month course probably reveals enough information so one can start trading on his or her own. Of course, it is important to learn new skills, but this seems like a good way to go. The price – you are right. When someone wants to trade, it is important to have a budget. In this case, a couple of grand should be considered as an investment for training. And another rule that comes to my mind – “don’t trade with money you cannot afford to lose”.
Hi Michal – I appreciate your comments!
When I started looking into Thomas Kralow and his trading program, I started off reading the Trustpilot reviews as well. Even though the vast majority were positive, I was still skeptical (as I am with any trading course, program, or service before experiencing it for myself). Then I moved on to watching most of his YouTube videos – which I thought were quite educational. I wasn’t a big fan of his video intro – which is about 10 seconds of lifestyle components like boats, watches, cash, etc. – but the substance of his videos allowed me to overlook that. The real test, however, was actually going through his Complete Program for myself over the course of several months – and I have to say that it was far better than I anticipated. It wasn’t your average trading course that tends to cultivate dependency on guru alerts, hot picks, watch lists, fancy indicators, and foolproof systems. But rather a comprehensive curriculum with homework assignments, quizzes/tests, interactive tasks, and rounds of demo trading to build experience, self-sufficiency, and refine your own individual approach based on personality and preferences. He shares his own strategies in later chapters of the program, but they’re not necessarily meant to be copied. Each student should be creating and refining their own approach based on their specific schedules, risk tolerances, and markets/instruments/timeframes they prefer. This isn’t to say that there aren’t other trading courses, programs, and services that exist out there to help you do this sort of thing, but Thomas Kralow’s is the only one I’ve come across of this magnitude to date. I personally hope the trading education landscape as a whole trends in this direction (comprehensive curriculum and mentorship instead of spoon-feeding hot picks). In the end, his course won’t produce automatic success if you’re not actually willing to put the work in – and it does cost some money – so naysayers will always complain about these aspects of effort and cost. But I don’t personally view Thomas Kralow’s trading program as a scam in any way.
Hi Matt,
This is great! Thomas Kralow’s program is something I must try since there is an offer of 30 days refund in case I am not satisfied. I did trading and forex before and did not get the benefits of that. Previous guys also promised to train me and start to make money. But, I end up losing a lot of money at the end of the day and gave up.
Hi Aubin – the 30-day money-back guarantee is certainly something that sets Thomas Kralow’s program apart from others (many online trading courses, programs, and services don’t even offer refunds at all). But in order to get a feel for who Thomas Kralow is and what he has to offer before even spending any money, I highly recommended checking out these 3 free ways to start learning from him for free. Obviously, these resources are no match for his complete paid training program, but they’ll at least provide you with a glimpse of his personality and a clearer picture of what he has to offer before committing to it. It’s really important for everyone looking into trading courses and programs to do so with proper expectations. Take care!
It is true, there is a lot of scammers who claim to be trading gurus. They show you their winning trades, but don’t show you the real deal and how he came to achieve those winnings. This article is going to be a wake up call to many people who want to go the trading route. I have been there, and its true that most of the information you get online is bogus and conflicting and impossible to master because most of it its not true. I think this article is going to be helpful to many who still want to learn to trade
Far too many people try to go the copy-cat route of newsletters, chat rooms, and alert services where they think they can just follow some incredible trading guru in and out of trades. But this approach just doesn’t work. In order to achieve durable success, individuals have to actually put the time and effort into building legitimate skills and gaining real experience. Overall, I think Thomas Kralow’s program does a great job of actually focusing on student development and skill-building – instead of spoon-feeding subscribers with hot picks and alerts like so many others do. In the beginning, people tend to think they want the easy route of being spoon-fed, but anyone with more than a couple years of trading experience knows that it’s just a trap. There’s a lot of nonsense to be avoided out there. Fortunately, however, there are a few solid educators/mentors.
This is actually the first review I have read related to trading programs. I feel as though just like any opportunity where income is the goal, investing in proper training is an absolute must. It speaks true from my experience. I am a manager and I no longer perform the day-to-day operations of my trade, however I do train, mentor and guide others to becoming masters based on my successes, failures and personal experiences in my field.
Hi Teanna – I really appreciate your comments.
It’s unfortunate, but most people simply don’t treat trading like the skill-based, peak-performance endeavor that it is. Instead, they treat it like an opportunity for thrills and gambling by acting impulsively and irrationally – which doesn’t tend to end well. If more individuals actually focused on legitimate training and mentorship right from the start, then they would be much better off in the long-term.
I also want to touch on what you mentioned about personally training individuals to properly complete certain tasks in your field – even though you may no longer do them anymore. Just because you may not handle the day-to-day activities “in the trenches” anymore, your past successes/failures and overall experiences can still help you teach and mentor others. This directly relates to Thomas Kralow because he’s essentially transitioned out of day trading, but that doesn’t diminish his teaching abilities on the subject. I do understand that there’s some value in being able to watch traders live in order to see exactly what they do on a daily basis – and trading services like this do exist. But sadly, most people abuse these privileges. Instead of learning in an effort to develop their own self-sufficient process, most subscribers take a dangerous copy-cat approach. So I’m actually glad that Thomas Kralow doesn’t offer anything like this that allows people to take the easy way out – because it doesn’t serve them in the long run; it only hurts them.
The fact of the matter is that he still has 7 years of successful day trading experiences to share with his students. And he’s not totally “out of touch” with markets – he still keeps tabs on certain ones to help his Assisted Plus students. In addition to that, he also focuses much of his efforts toward long-term investing and wealth building now. So it’s not like he’s completely stepped away from markets and has no idea what’s going on. For his life at this stage, he’s simply decided to take a less active approach. He’s made enough money day trading and now he wants to use that money to invest in more passive ways, while also being able to pursue more creative and social projects (like his University Grade Trading Education program, Kralow Trade Ideas, and a hedge fund that I believe is set to open at some point next year, among other things). It honestly just wouldn’t be realistic for him to continue day trading on top of all of these other pursuits.
The trading world is filled with so many people who claim so many fake achievements and only post their good trades. Trading really requires a lot of discipline. Thomas Kralows program is legitimate, I have seen it and experienced his mentorship, it is really worth it, I must say and I would recommend for anyone.
Hi Collins – it’s unfortunate, but the trading world is definitely full of individuals who make false claims and promises. They cherry-pick results and only show their good trades while ignoring the bad ones. Typically, they do this in an effort to impress people and then try to sell them some course, program, or service. In most cases, these services are low-quality ones that focus on spoon-feeding subscribers signals, hot picks, and alerts. As you might already know, I’m not a huge fan of these types of trading services. They try to make trading success seem fast and easy, but all they really do is set their subscribers up for failure. It provides them with the wrong expectations and mindset – and almost never ends well.
What I like most about Thomas Kralow’s trading program, on the other hand, is that he doesn’t offer any chat rooms or trade alerts. Instead, the focus is on legitimate training. The program is structured in a way where students can develop actual skills through video lessons, homework assignments, tests, demo trading, tracking trade data, developing their own personal trading algorithm, and more. It’s not just about some pattern, setup, or basic piece of information/knowledge. Many new traders think that their success relies on finding a magical indicator or foolproof system, but these things don’t exist. So-called gurus just want you to believe they do in order to sell you something. But what success actually comes down to is the acquisition of legitimate technical and mental trading skills – and I think Thomas Kralow’s program does a great job of helping students do that. It’s much more interactive and effective than the average day trading course available out there.
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!