Full Thomas Kralow Course Review – Is Thomas Kralow a Scam or Legit?
As somebody who has experienced Thomas Kralow’s complete University Grade Trading Education program firsthand (with over 200 video lessons, hundreds of quizzes, and dozens of homework assignments) – I personally think the course is entirely legitimate.
But that doesn’t mean there aren’t individuals out there who think differently. I’ve seen a handful of threads on various forums and review sites that claim Thomas Kralow to be a scam. A couple individuals have even left comments on my site calling him a fake guru.
I have no way of knowing if the individuals leaving these negative comments and reviews are actual students. But many seem to be outsiders judging his trading program based on his advertisements and social media accounts (which can tend to be flashy).
It’s also possible that some of those leaving negative reviews are competitors within the trading education space masquerading as unhappy students because their own courses/services are inferior. But I’m not all that interested in these conspiracy theories.
What I certainly don’t want to do is discount all the negative reviews out there – because everyone should be able to express their individual opinions and experiences. So if you’re a real Thomas Kralow student, please feel free to share your personal testimonial.
But from my perspective, I think his program is one of the best available for beginners – and I’ll explain why in the coming sections.
3 Reasons Why Naysayers Call Thomas Kralow’s Trading Program a Scam:
I want to start with the top naysayer complaints because it allows me to point out how their main arguments aren’t all that sensible to me. In most cases, I feel like those screaming “scam” don’t truly understand what it takes to achieve sustainable trading success.
Let’s dig right into the top 3 Thomas Kralow complaints and you’ll see what I mean:
1. Thomas Kralow No Longer Day Trades But Sells a Day Trading Program
Thomas Kralow has mainly transitioned away from active day trading to longer-term position trading and investing. But him no longer day trading is a bit of an exaggeration because he still day trades occasionally (especially bitcoin and other cryptocurrencies).
His course provides a lot of examples of how he used to trade stocks and futures (which he hasn’t done much of lately), but it would be silly to say that he’s no longer actively involved in markets. Just check out his YouTube channel and you’ll see how active he is.
What I really think those making this complaint want is Thomas Kralow to offer a live chat room or alert service where they can blindly copy his trades. But these sorts of offerings tend to breed dependency within a market environment that demands self-sufficiency.
In other words, chat rooms and alert services are largely ineffective – so I’m glad Thomas Kralow doesn’t offer these things. Instead, what he offers is a five-month training program that requires hard work and dedication. It’s not the easy road most people want.
I can understand why people think guru chat rooms and alerts are so important because I did too when I first started trading. But it took me several painful years of losses to realize this surface-level, copy-cat mentality wasn’t having a positive impact on my results.
2. His Program is Full of Information That Can Be Found For Free Online
This complaint frustrates me a lot because I’ve heard it about every single high-quality course that I’ve ever recommended. And while it’s theoretically true that you can probably find the bulk of the information for free online, it’s nowhere close to the same experience.
Receiving accurate, cohesive, and packaged information properly sequenced to best facilitate learning isn’t the same as having to dig through mountains of questionable, irrelevant, and disorganized information in a random and chaotic fashion.
Sure, you might eventually be able to find the same information by taking the “free” approach. But it’s not really free – it will cost you quite a bit of time and sanity. The time and mental capital you can save with a good training program is well worth the cost.
I think the reason people make this complaint is because they want to be given some magical piece of information (like a holy grail system or foolproof strategy) that will automatically generate consistent profits with little to no effort. But that’s just not how it works.
The best a high-quality trading program can do is provide comprehensive education and support, but it’s still each individual student’s responsibility to put in the time and effort to build the required habits and skills for success. Information isn’t the same as skill.
3. His Program is Too Expensive (Especially the Assisted and Assisted+ Versions)
This is another complaint I hear about pretty much any trading course, program, or service that isn’t free. But the reality is that deeming something “too expensive” is very subjective. Everyone has their own financial situations and beliefs about money.
It’s interesting how most people would probably consider going to law school or medical school a good investment even though these paths could easily cost over $50,000 per year, but spending roughly $1,000 – $3,000 on a trading program is considered “expensive”.
Compared to other trading courses, programs, and services – and considering the long-term profit-potential if approached correctly – I personally think Thomas Kralow’s trading program is well worth it. But each individual person has to decide for themselves.
It’s unfortunate, but people don’t typically respect free things. I’ve seen this play out plenty of times with free trading guides and courses that weren’t taken seriously because they were free. So in most cases it’s good to actually have some skin in the game.
Keep in mind that Thomas Kralow also has a staff to pay (marketing team, personal assistants for those who join one of the Assisted programs, etc.) – so he does have costs to cover. And he also wants to be rewarded for his time coaching and mentoring students.
3 Reasons Why Thomas Kralow’s Program is My #1 Recommendation For New Traders:
Now that we’ve covered some of the top criticisms from naysayers, it’s time to cover the main reasons why I think Thomas Kralow’s trading program can be extremely valuable for beginners. It’s truly one of the best courses out there for these 3 reasons:
1. Thomas Kralow’s Trading Program Sets Proper Expectations Right From the Start
First off, Thomas Kralow’s Complete Program is designed to take about five months to finish – and I don’t know of any other trading courses/programs that are anywhere near as time-intensive. This just goes to show how extensive the program really is.
Most others just make get-rich-quick promises like “start making money today with this one simple pattern” – which only sets people up for failure with false promises of fast, easy riches. When in reality, trading success requires continuous development and adaptation.
If you check out Thomas Kralow’s main website, you’ll see messages like “trading is not easy”, “there is no simple pattern or structure”, and “the market is constantly changing”. This properly prepares students for the realities of trading financial markets.
And when you dive into his University Grade Trading Education course, the very first chapter is all about setting proper expectations – how to improve your learning experience, the correct approach to trading, what you can expect to make, and more.
I don’t want to understate how important having correct expectations is when it comes to active trading. So many people want incredible profits without the work – and there are many so-called gurus willing to offer you that. But it’s completely unrealistic.
2. It Covers a Comprehensive List of Critical Trading Topics – Not Just Technical Analysis
There are probably thousands of trading courses in existence that only cover the basics of technical analysis as if learning what candlesticks, trends, and support/resistance levels are will automatically make you a spectacular, multi-millionaire trader.
But technical analysis is only a small fraction of the knowledge and skills necessary for long-term, sustainable success. You also need proper mindset/psychology, risk and money management, data tracking and journaling, and much more.
I think most new traders tend to have this intoxicating idea that there’s some holy grail indicator or pattern that exists, and once they find it/figure it out, that this indicator/pattern will make them consistent money forever and ever in perpetuity.
And while this is certainly an exciting thought, it’s just not how trading works in real life. Certain indicators and patterns work well in some markets and not in others. Some might work well for a week, month, or year – and then suddenly stop working tomorrow.
This is why it’s so important not to get caught up in the surface-level idea that magical chart patterns exist. There’s far more to it than that. You need the technical, analytical, and mental skills necessary to effectively adapt under any market environment/regime.
3. The Homework Assignments, Quizzes/Tests, and Rounds of Demo Trading Allow For Skill-Building
Most trading courses are nothing more than a mash-up of old video lessons and webinars. And while there can certainly be some valuable information shared within these videos, you have to understand that knowledge is not the same as functional skill.
Far too many hopeful traders believe that consuming information through books, blogs, and YouTube videos will automatically make them profitable traders. I’m not saying that this approach is bad, but you’ll never arrive at trading success intellectually.
What I mean by this is that the market doesn’t care how smart you are – your ability to regurgitate trading terminology and concepts holds no value in the eyes of the market. All that really matters is your statistical edge and ability to execute on that edge.
Popular terms and concepts can provide a nice starting point, but it’s only a base level of understanding upon which you need to build legitimate habits and skills. Book smarts will only get you so far. Ultimately, your results come down to edge and execution.
This is why I like the homework assignments, quizzes/tests, and demo trading tasks that supplement Thomas Kralow’s video lessons. Passively watching videos just isn’t enough. Students also need active immersion and experience in order to build critical skills.
My Final Thoughts on Thomas Kralow’s Trading Program – Is it a Scam or Legit?
I completely understand why some people are quick to call Thomas Kralow and his trading program a scam because most trading courses out there are lousy and ineffective. And I’ll admit that I was skeptical of his program at first too – it’s hard not to be.
But after actually going through it for myself (not just watching the video lessons, but completing the assignments, taking the quizzes/tests, and performing rounds of demo trading as well), it definitely made me a better, more refined/disciplined trader.
If you go into it assuming you’ll achieve fast, automatic success – then I can understand why you might call it a scam – because you’re going into it with unrealistic expectations. No course or program out there can do this for you. You have to actually earn it.
A great analogy for this kind of a program is a top-level gym membership. Just because a gym/trainer offers education, support, and resources for your health and fitness – it doesn’t guarantee results. You still have to personally show up and put the work in.
How many people do you know that currently pay for a gym membership but rarely (if ever) go? I know a handful of people who do this. But it would be wrong of them to blame the gym/trainer for their poor health and fitness when it’s their fault for not showing up.
In the end, I think most of the criticisms are a result of false expectations and personal frustrations in regard to trading success.
Written by Matt Thomas (@MattThomasTP)
- Thomas Kralow’s Net Worth and Trading Track Record
- Thomas Kralow Trading Reviews – Is Thomas Kralow Legit?
- Is Thomas Kralow’s Complete Trading Program Difficult?
- Why Students Pay Up to $20K For Thomas Kralow’s Program
- Thomas Kralow Course Details – Basic, Shortened, and Complete
Thomas Kralow Review
Thomas Kralow’s trading program is one of the most realistic and comprehensive trading programs I’ve come across to date. I highly recommend it for beginners who are serious about not only learning critical trading concepts, but building proper trading skills as well. Theoretical knowledge (reading books and watching videos on trading concepts) is not the same as functional skills (actually applying those concepts effectively in live markets). Thomas Kralow’s program, if approached correctly, does a solid job of helping students bridge this gap.