Is Thomas Kralow a Scam? My Perspective as a Student

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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 one of the most well-structured and comprehensive trading programs I’ve come across to date.

It’s not just some short, lousy 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”.

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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 markets change/evolve 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?