Louise Bedford course

[burglar]

On topic comments in regard the pro's and con's of the Louise Bedford course, including objective comparisons with other trader/authors/programs such as Nick Radge, Alan Hull, Guppy etc etc ...keep them.

Personal exchanges loaded with personal information, flush them out as irrelevent and off topic. No offence. Nothing personal. Nothing to be gained and totally irrelevent.

The Queensbury Rules


1. To be a fair stand-up boxing match in a twenty-four foot ring or as near that size as practicable.

2. No wrestling or hugging allowed.

3. The rounds to be of three minutes duration and one minute time between rounds.

4. If either man fall through weakness or otherwise, he must get up unassisted, ten seconds be allowed to do so, the other man meanwhile to return to his corner; and when the fallen man is on his legs the round is to be resumed and continued until the three minutes have expired. If one man fails to come to the scratch in the ten seconds allowed, it shall be in the power of the referee to give his awart in favour of the other man.

5. A man hanging on the ropes in a helpless state, with his toes off the ground, shall be considered down.

6. No seconds or any other person to be allowed in the ring during the rounds.

7. Should the contest be stopped by any unavoidable interference, the referee (is) to name the time and place as soon as possible for finishing the contest, to that the match can be won and lost, unless the backers of the men agree to draw the stakes.

8. The gloves to be fair-sized boxing gloves of the best quality and new.

9. Should a glove burst, or come off, it must be replaced to the referee's satisfaction.

10. A man on one knee is considered down, and if struck is entitled to the stakes.

11. No shoes or boots with springs allowed.

12. The contest in all other respects to be governed by the revised rules of the London Prize Ring.

http://iml.jou.ufl.edu/projects/spring03/bueneventura/rules.htm

 

[wayneL]

The Queensbury Rules


1. To be a fair stand-up boxing match in a twenty-four foot ring or as near that size as practicable.

2. No wrestling or hugging allowed.

3. The rounds to be of three minutes duration and one minute time between rounds.

4. If either man fall through weakness or otherwise, he must get up unassisted, ten seconds be allowed to do so, the other man meanwhile to return to his corner; and when the fallen man is on his legs the round is to be resumed and continued until the three minutes have expired. If one man fails to come to the scratch in the ten seconds allowed, it shall be in the power of the referee to give his awart in favour of the other man.

5. A man hanging on the ropes in a helpless state, with his toes off the ground, shall be considered down.

6. No seconds or any other person to be allowed in the ring during the rounds.

7. Should the contest be stopped by any unavoidable interference, the referee (is) to name the time and place as soon as possible for finishing the contest, to that the match can be won and lost, unless the backers of the men agree to draw the stakes.

8. The gloves to be fair-sized boxing gloves of the best quality and new.

9. Should a glove burst, or come off, it must be replaced to the referee's satisfaction.

10. A man on one knee is considered down, and if struck is entitled to the stakes.

11. No shoes or boots with springs allowed.

12. The contest in all other respects to be governed by the revised rules of the London Prize Ring.

http://iml.jou.ufl.edu/projects/spring03/bueneventura/rules.htm

It should be one on one too.

 

[tech/a]

Worse in my view.

$7000 carrot.
Followed by the must have $7000 master class
Which if you don't take it ---- well that's why you'll surely
Fail.

Why can't it be done in a free orientation?
At which you'd be able to put together an FAQ

Can someone point me to their live trading which will
Show me their current and past return?

Or is this purely hypothetical theories on which people are mentored?

 

[Garpal Gumnut]

When I started out I bought Louise and Chris Tate's, Elders you name it , I was a self help trading junkie as I'd been screwed by a financial adviser.

I agree with tech.

The game going forward is the most important determinant of a financial educator's credibility.

Nick Radge does that.

Louise Bedford, Chris Tate and all the others are looking at historical.

It's like trying to resuscitate a Turtle.

It will win you friends and admiration but you will be up for your dry cleaning costs, and most likely the turtle will have carked it by the time you notice it's not bobbing it's head up.

For those under the age of 40, google Turtles.

gg

 

[notting]

Worse in my view.
$7000 carrot.
Followed by the must have $7000 master class
Which if you don't take it ---- well that's why you'll surely
Fail.

My thoughts exactly.

 

[Karmen]

I am one of Louise Bedford’s disabled mentorees. This is a very personal account of my experience and I make no apologies for that. There have been some unimaginative personal attacks against Louise and that has made me feel very sad and that is why I am writing this. My gratitude goes to the moderators who stepped in and flushed out what should have never shown up at the first place on a well-respected public forum.

In this country, unlike where I come from, we take the privilege of free speech for granted. But this privilege comes with responsibility and it relies on our maturity as individuals. I would like to see that we do respect and value each other as human beings no matter how different our opinions might be. Judging someone we don’t even know seems to be something we all do without much consideration. Because they happen to be in the public eye does not give us the right to insult them publicly.

I have read every thing on this thread and I do realise that some of you do have genuine concerns and questions. I also noticed that there is considerable amount of misinformation so it makes it very difficult to discern the truth. I won’t able to answer your questions individually due to my physical limitations but I am sure Louise would be very generous with her time if you ask her nicely. Their web site http://tradinggame.com.au/ will have her contact details. You will also have access to useful information on their web site such as Chris Tate’s blog and Trading Games Newsletter. There is also a section about the Generic Mentor Program System Results, audited by a Registered Company Auditor that you might find useful.

Well, my story started at the ‘Educated Investor’ bookshop. It is a very good place to visit if you don’t know where to start. I did spend a lot of hours there and picked out a lot of books and to my credit I did actually read them all. In the end I came up with one major decision that changed my life. I wanted to become a trend following professional trader. By the time I decided to do the Mentor Program, I had already read three of Louise’s books and two of Chris’s among a lot of other books by different authors. I contacted Louise via email and I asked her opinion whether she thinks I will able to cope with the workload given my physical condition. She phoned me on the same day and we had a long chat. I felt understood and inspired. Later, I met Louise and Chris in person. I did not talk to Chris much but I trusted them both all the same. Women tend to be more intuitive with these things and it surely shortcuts the process of elimination.

I completed Louise Bedford and Chris Tate’s Mentor Program in 2012. I had tried to enroll in the previous year and unfortunately it got sold out within two hours and I had to wait for another year. I just could not believe that exactly one hundred people had beaten me to it! They do give priority to the referrals from past mentorees so it is mainly marketed by word of mouth. I have personally recommended it to a lot of friends.

You may not know that Louise’s main passion is working with disabled people. She gives them a new hope and eventually a new life. It makes a big difference to us that she has been there herself and she knows exactly what we have to go through day after day. Her resilience and strong spirit what brings her where she is today; a brilliant trader, best selling author of many books and a successful entrepreneur. She is an inspiration for us all.

Over the years I have come to appreciate her empathic wisdom, care and love. You may not find her courses suitable for your needs, which I respect, but I will not have her integrity questioned.

In all honesty, The Mentor Program won’t be suitable for a lot of people. If you want to be told exactly what to buy and sell then you will be better off with some of the other providers.

During the course we do develop a generic MP trading system, which serves as a framework. You will be given all the guidance and encouragement but only you can develop a trading system that will suit your individual needs. Parameters such as your risk profile, your goals, your choice of markets, your choice of instruments, the size of your trading capital, your time frame etc. would need to be taken into account. A trading system is an individual thing and it needs to fit your personality like a glove.

If Louise or Chris happens to give me an exact copy of their personal trading plans, I would hand it right back to them. It is useless to me, I can’t and I won’t trade exactly like them, I want to trade like me. What impresses me about this course is it is ability to empower individuals to become self-reliant and independent traders. You have to learn to think for yourself.

And I won’t lie to you; it is hard work. I would treat it as if I am enrolling in a degree course and I would expect the similar amount of blood, sweat and tears to follow. That is if you are really serious about trading. Traders are not made overnight just like any other professional occupation.

We are not used to paying for quality education. We immediately get suspicious. A friend of mine is doing an online Nutrition course and the cost is around $40,000 and she thinks it is good value and I absolutely agree with her. You usually get what you pay for. Now I know that how the MP course is run, I think it is worth a lot more than what they are asking for. I have spent a lot of money on education throughout my life and this one stands out in its quality and integrity.

I personally got a lot more than what I expected from the course. The content of their books only hints at what the course will cover. The best thing is that you can repeat the course as many times as you like for free. Every time I check the forum I come back with some new pearls of wisdom. It is bit like a treasure hunt.

And I also like their humility and readiness to take on board new approaches.

Happy Trading!

 

[AverageJoe]

I am one of Louise Bedford’s disabled mentorees. This is a very personal account of my experience and I make no apologies for that. There have been some unimaginative personal attacks against Louise and that has made me feel very sad and that is why I am writing this. My gratitude goes to the moderators who stepped in and flushed out what should have never shown up at the first place on a well-respected public forum.

In this country, unlike where I come from, we take the privilege of free speech for granted. But this privilege comes with responsibility and it relies on our maturity as individuals. I would like to see that we do respect and value each other as human beings no matter how different our opinions might be. Judging someone we don’t even know seems to be something we all do without much consideration. Because they happen to be in the public eye does not give us the right to insult them publicly.

I have read every thing on this thread and I do realise that some of you do have genuine concerns and questions. I also noticed that there is considerable amount of misinformation so it makes it very difficult to discern the truth. I won’t able to answer your questions individually due to my physical limitations but I am sure Louise would be very generous with her time if you ask her nicely. Their web site http://tradinggame.com.au/ will have her contact details. You will also have access to useful information on their web site such as Chris Tate’s blog and Trading Games Newsletter. There is also a section about the Generic Mentor Program System Results, audited by a Registered Company Auditor that you might find useful.

Well, my story started at the ‘Educated Investor’ bookshop. It is a very good place to visit if you don’t know where to start. I did spend a lot of hours there and picked out a lot of books and to my credit I did actually read them all. In the end I came up with one major decision that changed my life. I wanted to become a trend following professional trader. By the time I decided to do the Mentor Program, I had already read three of Louise’s books and two of Chris’s among a lot of other books by different authors. I contacted Louise via email and I asked her opinion whether she thinks I will able to cope with the workload given my physical condition. She phoned me on the same day and we had a long chat. I felt understood and inspired. Later, I met Louise and Chris in person. I did not talk to Chris much but I trusted them both all the same. Women tend to be more intuitive with these things and it surely shortcuts the process of elimination.

I completed Louise Bedford and Chris Tate’s Mentor Program in 2012. I had tried to enroll in the previous year and unfortunately it got sold out within two hours and I had to wait for another year. I just could not believe that exactly one hundred people had beaten me to it! They do give priority to the referrals from past mentorees so it is mainly marketed by word of mouth. I have personally recommended it to a lot of friends.

You may not know that Louise’s main passion is working with disabled people. She gives them a new hope and eventually a new life. It makes a big difference to us that she has been there herself and she knows exactly what we have to go through day after day. Her resilience and strong spirit what brings her where she is today; a brilliant trader, best selling author of many books and a successful entrepreneur. She is an inspiration for us all.

Over the years I have come to appreciate her empathic wisdom, care and love. You may not find her courses suitable for your needs, which I respect, but I will not have her integrity questioned.

In all honesty, The Mentor Program won’t be suitable for a lot of people. If you want to be told exactly what to buy and sell then you will be better off with some of the other providers.

During the course we do develop a generic MP trading system, which serves as a framework. You will be given all the guidance and encouragement but only you can develop a trading system that will suit your individual needs. Parameters such as your risk profile, your goals, your choice of markets, your choice of instruments, the size of your trading capital, your time frame etc. would need to be taken into account. A trading system is an individual thing and it needs to fit your personality like a glove.

If Louise or Chris happens to give me an exact copy of their personal trading plans, I would hand it right back to them. It is useless to me, I can’t and I won’t trade exactly like them, I want to trade like me. What impresses me about this course is it is ability to empower individuals to become self-reliant and independent traders. You have to learn to think for yourself.

And I won’t lie to you; it is hard work. I would treat it as if I am enrolling in a degree course and I would expect the similar amount of blood, sweat and tears to follow. That is if you are really serious about trading. Traders are not made overnight just like any other professional occupation.

We are not used to paying for quality education. We immediately get suspicious. A friend of mine is doing an online Nutrition course and the cost is around $40,000 and she thinks it is good value and I absolutely agree with her. You usually get what you pay for. Now I know that how the MP course is run, I think it is worth a lot more than what they are asking for. I have spent a lot of money on education throughout my life and this one stands out in its quality and integrity.

I personally got a lot more than what I expected from the course. The content of their books only hints at what the course will cover. The best thing is that you can repeat the course as many times as you like for free. Every time I check the forum I come back with some new pearls of wisdom. It is bit like a treasure hunt.

And I also like their humility and readiness to take on board new approaches.

Happy Trading!

Apart from Louise being a very nice lady ;

1. Have you started trading using what you have gained from her?
2. Are you making money?
3. Can you provide a recent trade that you took based on her principles/methods that we can have a look with the reasons of entry/exits?

Hmm online nutritional course for $40K, I hope it cures cancer! I am into nutritional as well but I am a consumer that takes the supplements. Didn't cost me a dime to join but then I did not come away with a diploma/degree and it did make me feel good taking these products!

 

[cynic]

After seeing a recent post, I thought this might be a timely occasion to bump this thread.

 

[stevo2]

Apart from Louise being a very nice lady ;

1. Have you started trading using what you have gained from her?
2. Are you making money?
3. Can you provide a recent trade that you took based on her principles/methods that we can have a look with the reasons of entry/exits?

Hmm online nutritional course for $40K, I hope it cures cancer! I am into nutritional as well but I am a consumer that takes the supplements. Didn't cost me a dime to join but then I did not come away with a diploma/degree and it did make me feel good taking these products!

Hello Average Joe

I did the Mentor course a couple of years ago and endorse Karmen’s comments.

Your comment "Apart from Louise being a very nice lady" suggests that you need to read the post again.

Undoubtedly Karmen ended the course with a different trading plan to me, but as you requested a recent trade example I’ve been in ALL for a couple of years based on my plan. As for reason of entry/exits you’ll have to do the course.

Cheers Ian

 

[MrHoy]

I think what Average Joe was asking is Karmen and yourself making a worthwhile profit as a result of doing the course.

 

[Johny5]

I have read a few of her books, I thought that those books revealed all the Secrets, "Trading Secrets", "Charting Secrets", "The Secret of Candlestick Charting", " The Secret of Writing Options". I found the books to be well written but a little trading 101 for me. But alas it appears that I need to attend one of her courses to learn how to apply all those Secrets. I have been tempted to attend a course or join the mentor program, after all only $7K and a little bit of my time to get a return of possibly many many millions, the course will pay for itself in a week. Before I enroll I should check the credentials of Louise Bedford, but I cant seem to find out much independent concrete financial or trading performance information, some TV appearances, testimonials on her website, some reviews on other websites, but are those sources really independent. Hey what about her net worth, surely someone who has been a killer trader for more than a decade should rate on the rich lists, nope cant find her, maybe Im just not a good researcher. So if someone on this forum can independently validate her earnings from trading (not training and publishing) and I do mean factual provable figures backed up with actual trades i.e. CHESS contract statements and the figures show consistently good profits, I will enroll in her mentor program, otherwise I will give it a miss.

 

[Country Lad]

.....can independently validate her earnings from trading (not training and publishing) and I do mean factual provable figures backed up with actual trades

Ha ha, good luck with that

 

[zac]

Ive done the rounds with courses, research since around 2011. You'll see my newb questions from back then. Im still passionate about trading however learnt so much since 2011 and traded so many methods.

I have no idea what Louise teaches exactly, one thing ive learnt however is these education companies largely make their money through education and turn over of clients. Then theres ones that are affiliated with brokers and get commissions for all the clients and trades they refer.

Im not knocking Louise Bedfords course, im providing a general statement about overall courses.
There are good ones out there however understand most clients dont succeed and while some of the courses are worth while they are foundation at best.

I got to know a few educators for different companies and earnt their trust so its amazing whats touted publicly versus their true mission.

 

[Johny5]

I got to know a few educators for different companies and earnt their trust so its amazing whats touted publicly versus their true mission.

I would love to be a fly on the wall for those conversations

 

[zac]

I would love to be a fly on the wall for those conversations

Essentially what the client thinks they need to hear. Marketing and sales.

I want to design a course run through WEA or similar to give people insight into these seminars that are designed to make you money (them money). Essentially arm people with knowledge so they are making an informed choice and not falling for a sales pitch.

 

[Trader X]

Ive done the rounds with courses, research since around 2011. You'll see my newb questions from back then. Im still passionate about trading however learnt so much since 2011 and traded so many methods.

I have no idea what Louise teaches exactly, one thing ive learnt however is these education companies largely make their money through education and turn over of clients. Then theres ones that are affiliated with brokers and get commissions for all the clients and trades they refer.

Im not knocking Louise Bedfords course, im providing a general statement about overall courses.
There are good ones out there however understand most clients dont succeed and while some of the courses are worth while they are foundation at best.

I got to know a few educators for different companies and earnt their trust so its amazing whats touted publicly versus their true mission.

Having once again faced the onslaught of the marketing campaign launched by Louise for the Mentor Program I will make the following observations for those contemplating this repeat for free course...

1) It's very expensive (was $15k, will find out tomorrow) and additionally requires the purchase of Beyond Charts along with other materials
2) Testimonials from attendees who spend this kind of money tend to exhibit extreme bias with little detail beyond "just do it"
3) Louise is quite engaging in person, her marketing and trading psychology skills are excellent, her books and material are introductory in nature. She lays the groundwork for the first 3 months of the course.
4) Chris Tate, very knowledgeable but his personality can be intimidating, his ego and eccentricities may put some offside and he could care less how you feel about that.
5) It seems the ultimate goal is to instruct on how to construct an individual trading plan coupled with some trading strategies that are not revealed to the public.

While I am quite happy to consume their published materials, I personally can't justify spending $15k+ on such a course. However, it will no doubt be quite useful for those who want to learn how to trade the markets in a structured program format. While I don't know what the cap is on numbers, let's assume 50 attendees, that's quite a nice payoff for 3 months effort. No need to trade when you can bank that kind of money every year teaching others how to. No doubt that's one reason why Chris Tate can afford to fly first class on overseas trips as he boasts about doing in one of his videos. They are both in the education business, trading would just be icing on the cake now.

 

[zac]

Having once again faced the onslaught of the marketing campaign launched by Louise for the Mentor Program I will make the following observations for those contemplating this repeat for free course...

Hi Trader X,

Ive been trading for over 10 years and still learning. 10 years ago I would have been pro course to anyone. Having done paid courses and done countless preview seminar-type courses (ie the sales pitch).
Id now tell someone to reconsider doing a paid course.
The landscape in those 10 years has changed significantly.
You can get so much for free now online or at negligible cost.
In my opinion, where the courses are great is where it consolidates learnings and provide some specialist/advanced teachings.
Learning online can be overwhelming too as where do you start.

The other thing is trading courses are secretive to an extent with what they teach and what you'll be required to do to be successful. End of the day if what they teach you doesn't gel with you, it's never going to work for you.

PM me am happy to discuss and help you make an informed decision based on what I've seen in my time.

 

[tech/a]

Its pretty clear why people run seminars.
A few book sales help---a lot. The MO is always similar.
Introductory for a pittance (Screening Prospects) who
pay to be screened
Intermediary for a modest sum in the $1000s (More Filtering)
who pay to be screened further.
Professional For $10s of '000s The final target market.

I remember booking to hear Darryl Guppy. Back 20 years ago,
The room took 150 people and was booked for 3 consecutive
nights and it was $150 a head. $22500 a night or $67500 for
the Three nights intro to trading talks. (450 People)

Not bad for a week.

There is only ONE motivation for seminars and that is MONEY.

You want to make it and they KNOW HOW to make money and its not through trading.

Its really easy to impress people who know NOTHING ,particularly with analysis and
really impressive when you can show chart after chart in hind-site clearly demonstrating
how IT WORKS!

If they are that good why dont they trade their own accounts and keep their "Secrets" to
themselves.
(1) There are no secrets
(2) They make more from seminars than trading.

Looking at some Back of Drink Coaster numbers.
Lets say an average of $40K a week. Forget tax
for 48 weeks $1.92 Million a year.

If you could return 20% you'll need a Bank Roll of around $10 million.
Running sold out seminars and courses are ZERO risk. Return on investment
is massive. Its just good business.

How often do you see people raving about a seminar or something they learnt?
From someone they paid to learn from?-----Never---Why do you think that is?

 

[zac]

If they are that good why dont they trade their own accounts and keep their "Secrets" to
themselves.

One trading education company (about 5 years ago) began a fund where its clients dived into it and it was going to trade the fund with the same strategies taught to students.
I thought that shows some balls, if the fund doesn't do well it will ruin the whole company.

Anyway, a couple of years later the fund wasn't heard of anymore, neither the education company.

 

[wayneL]

Its pretty clear why people run seminars.
A few book sales help---a lot. The MO is always similar.
Introductory for a pittance (Screening Prospects) who
pay to be screened
Intermediary for a modest sum in the $1000s (More Filtering)
who pay to be screened further.
Professional For $10s of '000s The final target market.

I remember booking to hear Darryl Guppy. Back 20 years ago,
The room took 150 people and was booked for 3 consecutive
nights and it was $150 a head. $22500 a night or $67500 for
the Three nights intro to trading talks. (450 People)

Not bad for a week.

There is only ONE motivation for seminars and that is MONEY.

You want to make it and they KNOW HOW to make money and its not through trading.

Its really easy to impress people who know NOTHING ,particularly with analysis and
really impressive when you can show chart after chart in hind-site clearly demonstrating
how IT WORKS!

If they are that good why dont they trade their own accounts and keep their "Secrets" to
themselves.
(1) There are no secrets
(2) They make more from seminars than trading.

Looking at some Back of Drink Coaster numbers.
Lets say an average of $40K a week. Forget tax
for 48 weeks $1.92 Million a year.

If you could return 20% you'll need a Bank Roll of around $10 million.
Running sold out seminars and courses are ZERO risk. Return on investment
is massive. Its just good business.

How often do you see people raving about a seminar or something they learnt?
From someone they paid to learn from?-----Never---Why do you think that is?

And it ain't as easy returning 20% with ten million as less than one million.