School Of Trade and Sideways Markets

School Of Trade
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience

Summary

From top to bottom, a complete and total scam. A well oiled marketing machine with only one purpose...to hustle you out of $5,000. Joseph and Megan James are two of the biggest frauds that I have ever written about. Joseph James is a sneaky, manipulative, con artist that claims to earn $50,000 each month trading, with zero losing months, and zero losing days. Absolutely no proof that this shady hustler even has a trading account. Both James and Megan seek out the most vulnerable trading newbie that they can find, and then systematically suck them dry of money. The worst of the worst. AVOID.

1
User Rating 1.25 (4 votes)
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Comments Rating 5 (1 review)
Pros: Absolutely nothing positive to recommend.
Cons: Zero transparency. Joseph James claims to earn $50,000 each month day trading, with zero losing days, and zero losing months. He provides absolutely zero proof of any trading success. No account statements, no trading from the DOM, no trading from the charts, no live account. A horde of angry victims have submitted written testimony that describes the fraud in high detail. A top level con artist.

Thanks for reading today’s review of School Of Trade and Sideways Markets

What is School Of Trade and Sideways Markets? The companies are a day trading educational business that specializes in teaching traders how to day trade the futures markets. The companies were both founded and are currently managed by a husband and wife team named Joseph James and his wife Megan James. The websites are essentially the same, offering the same products, however the website SidewaysMarkets.com appears to be a blog with more pages and information.

In addition to the SchoolOfTrade.com and SidewaysMarkets.com websites, this company publishes a large amount of videos on YouTube.com. A quick search of YouTube shows that the School Of Trade YouTube channel was founded in 2008, and it currently has over 12,000 subscribers and over 2,100,000 views. There are quite literally hundreds of videos that supposedly show live day trading, in real time. In addition to the massive amount of videos purporting to show live day trading, there are also longer videos that show not only live day trading, but also videos of Joseph James stating that he is earning thousands of dollars each week with his day trading.

A quick check of Archive.org shows that the company launched in 2009.

A detailed search using SEM Rush web analytic’s reveals that in addition to SchoolOfTrade, SidewaysMarkets, and the YouTube channel, Mr James has also developed and is attempting to capture all reported aspects of his online reputation. What does this mean? Simply put, Mr James has registered a cadre of websites and created specialized content that purports his amazingly trading abilities. Mr James understands that as a person is vetting his trading products and his trading school, these persons will also Google search terms relating to his reputation. Its a clever attempt to corral and capture public opinion. Some of these websites include SchoolOfTrade-Review.comSchoolOfTradeReview.com, SchoolOfTrade-review-e-mini-russell.com, SchoolOfTrade-review-euro-currency-futures.com. The list is quite extensive.

Overall, I would give Mr. James excellent marks at how to generate a consistent flow of free web traffic. In fact, he ranks highly for some of the most coveted and expensive Google keywords relating to day trading. Using SEM Rush analytic’s, if a person wanted to replicate the free organic traffic flow that Mr. James now enjoys, a person would have to comparatively spend over $5,000 each month on Google adwords. Consider this for a moment, and let me put this into perspective…suppose that you are competing with Mr. James, and both of you offer a trading educational product, in order for your product to be seen by a comparative number of prospective purchasers, you would need to spend over $5,000 each month in advertising fees. This is a huge advantage for Mr. James. He understands online marketing very well.

Is there a correlation between marketing and a high quality product? In other words, is Mr. James trading products any better than the competition? It does not matter, the only thing that matters is how many eyeballs that Mr. James attract to his product. Google does not know whether a product is good or not good. However, since Mr. James is appearing so often in Google and YouTube searches, then this leads to an implied credibility, simply because Google is showing the material to a large audience.

One of the problems that I too often hear from various trading vendors is how incredibly difficult it is to be found on the internet. A trading vendor can have an amazing trading room that would be an awesome addition to the trading community, but slick and savvy marketers like Mr. James have figured out how to get their products placed higher in the Google search pages. Hats off to Mr. James! One hell of an online marketer. But does he have a good trading product?

School Of Trade Education Product

The cost of the SchoolOfTrade is $4,999. This includes a bunch of instructional videos, educational materials, and a live day trading room. Normally, when I gather evidence to write a review, a major portion of that evidence comes in the form of Camtasia screen recordings of the live trading room, typically a minimum of two weeks of watching and recording live trades. However, with SchoolOfTrade.com, there School Of Trade Free Trialis no free trial of the live day trading room. If you go to their website, you will see a “Free Pass” to attend the live trading room, however once a person submits an email address, then they will be guided to a daily webinar, and not a “Live Trade Room”.

The daily webinar is supposed to be a Live Day Trading Room, with real trading happening. Anyone that registers can attend from Monday – Thursday at 2pm EST. In total, I recorded 4 of these live day trading exhibitions, normally this is where I collect hard evidence. However, at no time during the daily webinars did I ever witness any trading whatsoever. What did I witness? Every single of one of these live trading room exhibitions are nothing more than a very well rehearsed and well scripted sales presentation. Mr. James has been selling trading products for many years, after you have watched several of these sales presentations in a row, you will quickly realize that the live day trading room is nothing more than a 60-90 minute sales presentation. A very well scripted and rehearsed online infomercial.

Admittedly, Mr. James is an extremely clever salesman. As I watched his daily sales performances, I began to realize that this person is extremely talented at “selling the dream” of becoming a professional day trader. He presents well chosen, and well worn examples about how he consistently and very easily pulls thousands of dollars out of the markets on a daily basis. The presentation is very compelling, almost hypnotic.

Zero Track Record

One of the things that you will not find on any of Mr. James websites is an official track record of his trading. There is simply nothing mentioned as to how much money this guys claims to make each month with his day trading. I found this to be interesting, how does a person assign value to this trading product? How does a person establish credibility with this person? It appears that Mr. James uses a two pronged approach into diverting attention away from the glaring question as to whether he is actually a successful day trader. The first is his marvelous salesmanship. I would consider myself a pretty good salesman that hustled suckers out of millions of dollars, but Mr. James is right there with the best hustlers that I know. Its a great skill to have, but its also something that can be abused and cause others a great deal of pain and misery. Mr. James is extremely manipulative.

In addition to Mr. James amazing salesmanship and being a manipulative wordsmith, he is very clever at producing You Tube videos that hint and tease of his ability to create massive profits while day trading. A quick look at his YouTube channel, and you will find that every video contains snippets, references, and video playbacks of Mr. James nailing yet another winning trade. There are hundreds of these videos, I cannot find a single video where Mr. James loses money. Every video, hundreds of them, all show amazing profits and easy money to be made.

Lets take a quick look at the following video that was recently published on YouTube. Notice how the video is very short and shows a “winning trade”. The video purports to show a “live trade” that is happening in real time. However, this video is certainly nothing more than a replay of prior market action. In other words, Mr. James combs through previously recorded market data, looking for situations where the market made a strong move. He then uses market replay within Ninja Trader and overlays a simulated order on top of the market data. Since he already knows where the market is going to go, then Mr. James trades are always a guaranteed winner. He is attempting to create the illusion that he is taking a live trade, when in reality, this is just a sleight of hand. The newbie day trader with little experience is going to watch this video and be mesmerized at the quickness of his profits. But those of us that have been around can quickly spot the fraud. Take a look:

A person with little experience at trading is going to stumble into one of hundreds of these types of videos that Mr. James publishes on YouTube, and he is going to be lured into the scheme. And lets be honest at what this is…this is a scheme. A blatant fraud. In addition to this being a fraudulent misrepresentation of Mr. James and The School Of Trade, Mr. James also needs to include in each and every one of his marketing videos the requisite disclaimers that clearly state that this is not actual trading. Each and every one of these videos carries a fine of $10,000 from the CFTC, or the Commodities Futures Trading Commission. I personally find this type of behavior as outrageous and disgusting. While the majority within the trading education community are attempting to comply by showing the proper set of disclosures,  it appears that Mr. James has zero respect for the criminal investigative body that monitors activities such as these.

On several occasions, I contacted both Mr. James and his wife, Megan James via telephone (conversations recorded) and requested proof that these trades actually were executed in real time. Megan James assured me that her husband is in fact trading live, with a real money account, and that all of his published YouTube videos correspond with a live trading account. However, she refuses to proffer a statement from a broker that substantiates the veracity of her husbands claims of trading success. I explained to her that I was simply looking for proof. She explained that she would be more than happy to “show something” to truly interested parties. And she went on to explain that if she were to show her husbands trading statements, then a person might perhaps use these trading  statements to get a loan, or steal their identity. I very kindly requested that she simply redact all records of names, account numbers, addresses, or any other identifying information and that I was only looking for fills since the beginning of the year. Once again, she refused. Her most prescient response was, “we don’t want that type of information getting out there”.

I explained to Mrs. James that she is requesting that I send her $5,000 for her trading course, all based upon trust. Yet, she does not trust me enough to provide proof that her husband trades successfully. Amazing! I assure you Megan James, I have no interest in using your account statements to buy a car or get a home loan. She simply refuses to budge.

Next, I requested that she admit me to the live day trading room, where actual trading is supposedly happening, not the sales presentation room. That watching her husband trade, in a live environment would suffice as evidence of his trading prowess. Once again she refused and explained that his methods were “very secret” and that I could figure out his magic. However, she did explain that she would allow me to watch her husband trade, but only after I had paid my $5,000 education fee (non refundable).

If you are still reading this, you are probably flabbergasted at the outrageously fraudulent and ridiculous behavior of these charlatans. They offer zero proof of success and demand $5,000 to get a peak behind the curtain, where there is supposedly live trading. It makes you wonder how these two con artists pull off this scheme with such regularity and deftness.

Joseph and Megan James: How they execute the fraud

Over the past year, I have written about quite a few con artists selling fraudulent trading products over the internet. My usual mode and method for uncovering such frauds is by attending the live trading room, and screen recording the activities. After a couple of weeks, it is usually pretty easy at uncovering and exposing the fraud. However, it is also labor intensive. Several weeks of video must be recorded, and then the video has to be reviewed and each trade needs to be marked and recorded into a spreadsheet. In addition to capturing and recording the trades, I also look for limit order fraud, where the trading room moderator fraudulently represents his fills. Sometimes the frauds appear in the form of “mystery meat”, where the official track record will include trades that are stuffed into the track record, usually after market hours when nobody is looking. I have seen it all. The School Of Trade and Sideways markets is a different sort of fraud, and it was difficult to build my case.

Consider this, the SchoolOfTrade and Sideways Markets do not trade live for an audience. The only way to witness live trading is to spend $5,000 in non refundable fee’s. This presented a major problem for me, how would I tease out the evidence? Also, SchoolOfTrade and Sideways Markets refuses to publish an official track record for trades called inside of the live trading room. How do I validate those trades? In addition, Mr. James and Mrs. James refuse to show redacted account statements, how do I prove that they are or are not trading with a live account? All of this presented a great challenge, and it took me over 6 months to unravel the mystery.

Over the past year, I have received over 80 requests to review the SchoolOfTrade and Sideways Markets. Out of these 80 requests to review, nearly a dozen where actually paid customers of Mr. and Mrs. James, that had contacted me and hoped that I could expose Joseph James and Megan James as frauds. Some of these folks were quite angry and belligerent. Some were simply hurt and felt taken advantage of, most just wanted to forget the bad experience. One gentleman in particular claimed to have lost over $125,000 in an attempt to replicate Mr. James trading, wiping out his entire life savings. Another had taken Joseph James and Megan James to court, successfully sued for fraud and was awarded $2,265. The judgement is below:

School Of Trade Court Judment

Unfortunately, after Joseph and Megan began feeling the heat of lawsuits, and threats from angry customers, they quickly shut down their mailbox located in the Los Angeles area and moved to a new address in Delaware, which is a state notoriously liberal on corporate privacy. This is a very deliberate attempt to conceal themselves, and their physical location.

Another extremely pissed off customer of Joseph and Megan James dedicated a small and angry portion of the internet on exposing Joseph and Megan as frauds and charlatans. You can find some of his websites and information at the following web address. This poor guy got really hammered and is extremely pissed off. His name is Lloyd Hopkins and he owns a company named Interlink Software, I found him to be very credible and his personal story is very compelling. You can reach out to him directly at lloyd.hopkins@interlinksoftware.com. This guy is damn determined to see these two crooks prosecuted.

Another angry customer took to RipOffReport.com to express his anger. You can read the complaint here.

In total, I have personally interviewed nearly a dozen customers of Joseph James and Megan James. In all of these interviews, with actual paying customers, I was able to deconstruct how they are able to convince so many people to part with their hard earned $5,000.

How The Scam Works, Step By Step

The following is the exact sequence that each victim described to me in detail. This is how the fraud is executed.

Step One: the potential victim uses Google or YouTube in search of terms such as trading school, learn how to day trade, school for day traders, etc. The potential victim finds SchoolOfTrade or Sideways Markets. Both websites are heavily geared towards leading the victim to the YouTube channel. The YouTube channel contains hundreds, upon hundreds of supposedly live day trading success. The YouTube videos are very compelling.

Step Two: based upon the perceived legitimacy of the YouTube videos, the victim then signs up for the “Free Pass” to the live day trading room. The person arrives at the live day trading room expecting to see live day trading by Mr. James. Instead, the victim is given a 60-90 minute sales presentation that is well scripted and well rehearsed. This is where Mr. James and all of his skills of manipulation are put on full display.

Step Three: the victim will seek further proof that Mr. James is trading successfully and they will usually call Joseph or Megan on the telephone. Joseph or Megan will determine if the customer is serious about spending money. The victim will usually ask for some sort of proof that Joseph does in fact trade live. Joseph is prepared for this question and keeps a prepared “record of actual trades” that he will show, but only to those that he feels are close to spending money. Joseph and Megan show the following document to the victim, please notice how the document claims that all trades were made on LIVE ACCOUNTS.

https://docs.google.com/spreadsheets/d/1_O029SIRzi1xqfblxkUyKyGxLKK-sp0QFCX6G3C5k-w/pubhtml?gid=950540968&single=true

Step Four: the victim, after viewing that Mr. James typically earns $50,000 each and every month, with NO LOSING MONTHS and NO LOSING DAYS is now very excited about the prospect of paying $5,000 to learn Mr. James trading methods and easily earn at least $50,000 each month. Mr. James is very reassuring that these returns will be easy to obtain, all they need to do is attend the live day trading room and copy his trades. The victim then signs up, usually they pay in monthly installments such as the following:

SOT-Credit-Card-Authorization-1st

Step Five: after the victim has made their initial payment, they are next instructed to begin watching a series of educational videos, open a NinjaBroker.com account and are given access to the live day trading room. The victim usually spends the next two weeks absorbing the educational videos and reading the materials.

Step Six: the victim now begins logging into the live day trading room and attempts to replicate the trades of Mr. James. The victim, over a course of several weeks begins to realize that no live trading is actually happening. Instead, there is only conversations regarding trading. No live DOM on screen, no trading from the charts, no accountability whatsoever. The victim then begins to realize that his results are not the same as Mr. James. They begin to learn that getting a limit order filled in their trading account is not the same as Mr. James simply shouting into the microphone that he got filled. In fact, this is the number one complaint from all of the victims of Joseph and Megan, that they cannot replicate the trades.

Step Seven: usually at about 3-5 months, the victim is losing money consistently and has continued to pay the monthly payments to Joseph and Megan James. The customer is now starting to realize that things are not adding up. The official track record was a fraudulent document, and they were hustled by a husband and wife team of con artists.

Step Eight: the client then attempts to recover the fee’s paid to Joseph and Megan. Instead, Joseph and Megan then turn over any uncollected fee’s to a credit collection agency which will then harrass the customer until they are paid. Many of the these victims are located outside of the United States and do not understand our laws and how to initiate a claim of fraud. Many are left with little recourse, are ashamed and simply disappear. Yet fewer have the courage to contact me directly, to tell their story, and to warn others of the fraud.

Were You Scammed By Joseph and Megan James?

I have good news for you. The document that Joseph used in the spreadsheet is definitely fraud and actionable. Mr. James clearly states on the bottom of the document that all of the trades are real trades with a real trading account. If the trading records of Mr. James are subpoenaed and he cannot produce brokerage statements that correspond with the spreadsheet, then there is little doubt that the CFTC will not refer this case to the FBI for criminal prosecution. In addition to mail and wire fraud, Megan and Joseph are also in clear violation of CFTC disclosures, in particular the use of YouTube videos that purport real trades without disclosing that these trades where actually hypothetical.

How do we get the CFTC to act on this? Quite simply, enough people need to immediately begin to fill out the following complaint form with the CFTC. You can find it here. The form only takes a few minutes to complete. After the form is submitted, approximately 10 to 14 days later, you will be contacted by a lawyer that works in the enforcement division. They will interview you, the process takes only a few minutes. They will then have you forward any and all pertinent information to their mailing address.

Please keep in mind that the CFTC enforcement lawyers are overworked, underpaid, and very much not appreciated. There is a massive amount of fraud committed each day. It is important that everyone file a complaint. The more complaints the better. Will the CFTC do anything? Truthfully, I am not sure. In several instances, enough complaints were filed and the company closed down within 12 weeks. In other instances, the CFTC did not take the case. If you are a victim, then file your report and do not wait!

Wrapping Things Up

This review was difficult because it had to be conducted on only interviews from victims. The collection of evidence took several months. And many of the victims simply did not want to drag up the past and relive painful old memories. Too often I heard, “I just want to forget that it ever happened”.

Many of the victims described a sense of shame. They were embarrassed and hurt and did not want their names published on a public blog. All of the victims described monetary loss at varied levels. Although I cannot confirm the amounts lost for each customer that got hustled, I can confirm that each experienced a great deal of pain at being swindled. This review was different for me, on a personal level, because I spent a great deal of time on the telephone. Many victims are located in foreign countries, speak in broken English,  and attempting to express their pain and disappointment can be a challenge.

As each negative interview stacked up, and I heard the same repetitive story, over and over, it really hammered home to me how much harm Joseph and Megan James are causing honest people. Sometimes I wonder if Joseph and Megan have any soul, or any goodness in them? How can they, for all these years continue to operate as liars and frauds? At what point do people like this finally wake up and look at themselves, and see themselves for what they truly are…con artists, leeches.

In my opinion, people like Joseph and Megan do not simply and voluntarily shut down and go do something honest. They have to be taken down in a brutal manner. By people with hand cuffs and badges. They have to be dragged in front of a court room and be stripped down and exposed. They need to be locked inside of cages. In a place so foul and shameful that they are forced to see the truth about themselves.

Well that’s if for now. Sorry for such a long and dreadfully negative review. Don’t forget to leave your comments below. Even the hater trolls will find a warm a generous place in which to hurl insults at me or anyone else that disagrees with them.

One Final Note…I contacted Megan James on the telephone on November 15 and gave her plenty of advance notice that this negative review was coming, and it would not be pretty. I gave her one last chance to show me that Joseph is actually trading with a live account. And that his live account would be used to write a highly positive review. She refused. I even offered to pay her a flat $5,000 fee (non refundable) to see his trading records since January 1st, 2015. She refused my money. Amazing stuff folks.

 

 

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Bear
Guest
I wouldn’t go for a $5000 course, no matter what ! But, in defense of Joseph James : try, plotting his support and resistance levels he sends out every night for free in his newsletter. (One can see what levels he’s using by looking back at the charts : basic, SOUND info. ) He almost always nails the correct continuation , or reversal levels. True : WE have to do the work of deciding when to enter and exit, but I must say, he gives a lot of good rules to trade by, and levels to watch for, 4 nights… Read more »
Ogi
Guest

I concur with you here…He does give out great quality info 4x a week and like you said for free. I have yet to find a trading service that would do the same without a paying sub.

On that note, I do believe the $5k is ridiculous and I do believe he uses sim trades to mask as live trades.

Free Newsletter is as far as I’d go here.

My50cents
Guest

I think you would be better off doing analysis and finding trading levels that you can trust yourself. He rarely ever takes a winning trade therefore despite having payed for his course I personally prefer to study from more reliable books and material xD

Lars
Guest
My experience with SOT Wow, This is amazing. I was already sold on the system – after all, it seemed so easy, but it is important to remember: nothing is for free, especially when it sounds too easy to be true. I skyped / chatted with Megan and started asking her all the “difficult” questions I came across after reading about the scam in forums and here on this page. She kept referring me to “teaching me all that after I sign up”. I asked her, why there is no sneak peek into the live trade room – after all,… Read more »
Harry Wagner
Guest
Harry Wagner
Lars. Why not listen to every video that School of Trade has put out. Watch all of them over and over. Listen to the daily trades. Forget about spending money. I did not spend a dime. This JJ gives all the free information you need to become successful if you work at it. Also, watch the trade of the day with John Henry, this guy is brilliant. That is exactly what I did and continue to do. Forget about listening to these losers complaining about being scammed. Learn how to trade and execute your own trades when they appear. Remember… Read more »
Winter Is Coming
Guest
Winter Is Coming
Todd
Guest
Very accurate review. This guys is the scammer amongst scammers. He is a brilliant fast talking salesman who has mastered the art of online marketing to a T. He does as good of a job as any of keeping all of his sites etc high on the search rankings and planting fake reviews all over the web etc. When I was looking into him, I knew enough about trading to see he was a charlatan but it was really clear that he was very good at his marketing prowess and fast talking that someone not familiar with this business could… Read more »
Matt
Guest
I made the mistake of joining School of Trade in 2013. Technically speaking I was only scammed out of $4500 as I had a 10% coupon! I truly applied myself as a new student, watched all the video’s, and worked hard to try and replicate his method/trade calls. Strangely I kept getting myself into trades that he somehow at the last minute decided no to enter or worse was always a few ticks behind his entry. How did he buy 25’s I would think.. must be my internet connection. I was naive to say the least. About 6 months later,… Read more »
Marmet
Guest
So im not a shill by any means. Im not a member of SoT. Nor do I plan on being one. I truly believe he is a scam artist. However, I still watch his free Videos. I use some of what he teaches. Not all. I just started trading futures but im not new to trading. So Far ive grown my account 42% just by applying a lot of what I learned from the free videos. I have no interest in becoming a member of his SoT. Nor am I promoting him. Im just sharing my experience with the free… Read more »
Vlad
Guest

CFTC just went after this scammer: http://www.cftc.gov/PressRoom/PressReleases/pr7464-16
Emmett, did this review have any part in starting or speeding up CFTC’s process?

Rob B
Guest

Is it possible our asleep at the switch regulators have finally woke up from their nap and are going after these Day Trading Room Con Artist. Now just 1000 more to lock away. All I can say is About Time.

dtchurn
Guest

Nice to hear this news. It’s amazing to hear how they bilked over 2 mil as a typical sim dream retail trading “school”. It always seems to be far worse when the shtf day comes.

Almac
Guest

Ive been watching JJ for years now on youtube. I did get a chance to check out his free trial for 1 week. He seemed very guarded and promptly kicked me out once the week was up. I saw no indication of live trading at all. He would give lesson of the day bullshit but that was it really.

At the end of the day JJ is a great play by play commentator, he’s the equivalent of watching Scott Van Pelt call the plays on ESPN but thats about it.

Joe M
Guest
An excellent yet depressing read all round. It goes without saying that this couple are low lifes beneath contempt. Sadly the bulk of my despair is directed at the people who fall for this fantasy, don’t do even basic due diligence, abandon their common sense and hand over wads of cash to fund the lifestyle of these scumbags and thus perpetuate their ability to keep the scam going. My anger is directed at the industry in general, and folk like Ninjatrader who willingly lend many of these outfits a veil of legitimacy by getting into bed with them as ‘education… Read more »
Tom
Guest

Emmett ,
Wonderful job on this one.
This hustler been ripping people for a while.
A very elaborate scheme.
I know several people personally who got caught in their bullshit right when they started.
They were fortunate to bail very early before they got completely screwed.

Emmett ,
You are building quite a CELL BLOCK …

Perhaps an Image of the old Alcatraz Prison Map, and you could fill in the Cells after you do the reviews.
Might be a nice touch.

Thanks again for uncovering another fraud …

rawkit
Guest

thanks emmett; this is the one i have been waiting for; now that i see your review, i am speechless and need to be alone with my thoughts. i think i will go buy some silver bars today

Ray
Guest

Speaking of Ninja Trader.. It seems that since they switched focus to be a broker
instead of a software platform they share some responsibility in promoting these
fraud training vendors yes?

They sell you their non transferable software – Then they promote vendors who they likely know will result in you losing your money in the markets where they can again profit.

Making money on all sides and then when you are finished they lower their cost knowing they will not have to support the lifetime software license you purchased from them.

Sam
Guest
Good job again Emmett. Finally people are coming forward. It’s true those of us who have experienced and have figured out many of the scammy tricks could probably easily never have bought SOT’s advertisement. I was surprised to hear that many who wrote about their experience were foreigners to the U.S. not well fluent in English. It’s sad they see an American site with a handsome friendly-sounding american couple and think the generic name “SchoolOfTrade” is legit. If you see SOT “testimonials” trade , there is at least one or two testimonials every month. One thing in common with testimonials… Read more »
Jon
Guest

Emmett …you are a legend. keep on exposing these rats for what they are. Joseph James even looks like a fucking rat.

Vlad
Guest

Exactly my thought. Keep up the good work Emmett.

LG
Guest

This was a much needed review, I signed up for their free trial as well but of course it was nothing more then videos, that’s as far as I got. I’ve also seen the number of bloodied and bruised bodies (figuratively speaking) they left all over the place, Investimonials and pretty much all over the internet. Pretty shameful I have to say.

Steven
Guest

So where can I learn to do trades then?

Bottomtick
Guest

I signed up with this site tonight after reading Emmett’s review https://www.tradingschools.org/reviews/watchhimtrade-com/

Stray Dog
Guest

babypips dot com / school – focused on forex but a lot of it applies to trading anything
swing-trade-stocks dot com- free beginner info for swing trading
asx dot com dot au education – basic info
investopedia dot com click on active trading
Look at the the dummies books and check out Amazon

Saten
Guest
Thank you Emmett A thorough and factual review and one that has been very long overdue. Joseph James -JJ and Megan James have been the biggest fraud out there. I have have been updating their You Tube channel with the information and set up until JJ restricted the comments sections. JJ i know you are reading this. Be a man and i know its hard to call you a human being…Show some humanity and front up. Show the proof and your verified broker statement. Scammers like this have no values and credibility. Would love for members to update all the… Read more »
Rob B
Member
Man, I am starting to think there is a very thorough vetting process required to open up a trading room. You must be able to 100% absolutely prove you are a complete, “SCUM BAG”. To expand on Stray Dogs posts. I keep telling traders there is nothing new or secret sauce out there. Trading rooms just revamp and teach basic day trading 101 techniques. They make minor changes and give their signal a new name. I can not tell you how many sites I see take basic Fibs change the level and it is all of a sudden their secret… Read more »
Tom
Guest
What all these scammers hide behind is the “WE ARE EDUCATORS” angle. But they know , since most are fraudsters, people are driven by greed. Telling people honestly that: 1. Trading is the hardest fucking thing you could possibly do for a living PERIOD 2. 95% of all traders fail, blow up or leave . 3. It can take years (yes 5-10 years) to become an effective, profitable, consistent trader. 4. You cant become a trader in 6 months . FUCKING HELL NO , you cant PERIOD. 5. You will blow up 3-5 trading accounts before you start to learn… Read more »
Carlos
Guest
Megan James was courting me to sign up for the $5000 course. Below was the exact email I sent her. I never heard back. An opportunity to make thousands and thousands of dollars just for 1 piece of paper. You are right … scammers … because that 1 month profit statement doesn’t exist. SCAMMERS …. I would like to subscribe to the advanced trading room. For a $5000 membership fee, could you please send a broker statement (redacted of course) for any month in 2015 that shows a profit of Mr. James’ trading, and I will sign up immediately! I… Read more »
Ben
Guest

Magnificent piece, I was in shock reading this!
Wow, I didn’t think this guy was that bad lol
Goes to show :/

Winter Is Coming
Guest
Winter Is Coming

Excellent review Emmett. I hope there is a place left in hell for these people.

I just checked out their You Tube channel. I just can’t believe they post videos of their trades from Market Reply. It is so obvious it hurts.

I challenge them to show their DOM. I challenge them to post their trading statements. I challenge them to…oh never mind. Hopefully hell will freeze over and suffocate them.

Saten
Guest
Guys We need to stop this two low lives as they have no regard to the hurt and pain they inflicting on poor people as they are more than happy to take their money. Joseph James has disabled the comment section in his You Tube videos and all their Trade of the day videos are in market replay. Lets team up and lay our complaints as suggested by Emmett Moore…. How do we get the CFTC to act on this? Quite simply, enough people need to immediately begin to fill out the following complaint form with the CFTC. You can… Read more »
AP
Guest

Saten, I’ve been SCAMMED mercilessly but Joseph James and his wife Meghan/Morgan James. I ask you, SCAM ARTISTS JOSEPH AND MEGHAN JAMES, how do you even go to bed and have a good night sleep knowing you’re constantly SCAMMING innocent individuals?

To Saten, are Canadians able to file a complaint to CFTC?

Saten
Guest

I believe anyone who has been scammed can file the complaint to CFTC… i am going to do it tomorrow.
We must and have to stop this 2 clowns and low lives from hurting another person.

Joe
Guest
Hi, i would like to say that this is a good rewiev of the school. I would say that what is being advertised and promised in the sales presentation is misleading. You do not get what you are promised. All Youtube videos are recorded on simulator after the market and sales presentations are also done on the simulator. Their trading education is crap and JJ is not a profitable trader. JJ is only a good salesman. There is also a guy called vancitytrader who by my reasearch must have also been a member of this school and is now scamming… Read more »
Lino
Guest
Hello, This message is for Joe in the previous statement above. My name is Lino and I’m VancityTrader.com from Youtube. Joe I’m not sure if we have ever spoke but I dont recall. Your absolutely correct I was once a student of SOT and got scammed as well. To tell you the honest truth I have been scammed by others on this list. I have dedicated my self over 5 years of trying to learn how to trade consistently and still try everyday to become better. I have been officially helping others trade for just over a year. I do… Read more »
Joe
Guest
To Lino, I contacted you a year ago, while reading through your website and you wanted 3000$ for mentoring. At that time you weren’t showing your dome and account on the videos and i eventually managed to figure out that you are trying to pass a TST combine as you one day forgot to cover some part. You were trying to present yourself as a succesfull trader at that time while you clearly werent and had i joined your school i would have made an even bigger mistake. Your trading is a mix of SOT and Eminitutor using macdBB, TriggerLines… Read more »
Lino
Guest
Joe, Thanks for commenting back, you correct my videos show a mixture of simulation, combine and real account. Over the past year I have tried to pass the combine several times all while trading my own equity account. My students always know what account I’m trading in before hand. If you like I can show you real account statements from the last time I traded my real account (August this year) since I started to focus on TST full time again. When someone asks me about it before becoming a student I usually try to be honest and upfront. As… Read more »
Kaiser Soze
Guest
Kaiser Soze

Laaaaame. Dude you can’t even trade your own cash and you’re trying to teach others, GTFO.

citytrader
Guest

Hi Lino…..i see you offer a trading room….but it’s only to students? Can you have a trading room where also non students (people that didn’t pay you $3k) can join also?

Lino
Guest
Hi citytrader, Thanks for your question, Yes the trade room is currently only for students. My hope behind doing that is I wanted my students to be able to come in and watch, hear and actually see me trade the strategy live they are learning. After they go through the homework and 1on1 lessons with me they can see it live and after the trade sessions have lessons right away to answer questions. I feel that a trade room shouldn’t be for “shadow” or copy trading as long term this never works in my experience and just leads to failure.… Read more »
Sam
Guest
Fun to hear about Al Brooks. I spent a year reading his book and trying to sim his method , often re-reading pages to get the gist and many months following his room. In the room he often ran counter to what was taught in the book often saying the market was reversing when a messy pattern failed. Never showed a trade dom, nor results, nor any trade calls. Just some vague recap where he might say he made a trade here, mostly 1 point scalps or would say he was break even for the day. In his early site,… Read more »
Clarence
Guest

Perhaps I need to start making youtube videos on scum such as these and promote you Emmett for teaching us newbies on how to do due diligence. Hope you don’t mind. Good job on this effort. You saved me from another snake oil trading academy. Watch how fast Google will ban me from posting against these yahoo’s. No pun intended.

Winter Is Coming
Guest
Winter Is Coming
What makes me sick to my stomach, is SoT still continue to post trades on YouTube of trades they took in Market Replay, claiming they were winners! I mean what total and utter shills they are. It is disgusting that they continue to be able to operate and should all be strung up alive. To the people out there. School of Trade DO NOT trade live. School of Trade DO NOT care about anything else other than keeping the scam alive and taking your money. Ask them to prove it with showing their DOM. Ask them to prove it by… Read more »
Saten
Guest

Guys
There has been no updates on SOT You Tube channel unless scam artist JJ has blocked me. Can someone confirm this and may be he has gone in hiding now that he has been exposed to be SCAM and nothing else but a low life thief, who is happy to take hard earned money from people with no hope of teaching them anything about trading.
He stole most of the indicators from other forums and called it his own.
https://futures.io/vendors-product-reviews/4964-school-trade-legitimate-www-schooloftrade-com-19.html

rawkit
Guest

his last video appears to be 12-10

rawkit
Guest

the comments have all been disabled also

Saten
Guest

Lets hope he has packed up and gone for good.
And lets hope they both have the handcuffs on them soon and locked up.

School of Trade Scam
Guest
School of Trade Scam

Looks like JJ is also anti semetic! Read through his threaths here

http://www.keyfuturestrading.com/joseph-james-request-to-shut-down-this-website/

Saten
Guest

The Con man is back and putting the videos up and also Market Replay videos to show how much profit they making in SIM. We must stop this con man and put him behind the bars.

Josh E
Guest

Hi Emmett,

Just checking in to make sure you’re OK? 🙂 No scathing reviews in a while make me sad.

Best regards,

Josh

saten sharma
Guest
saten sharma
Looks like JJ marketing machine is in action with a number of reviewers coming from dead to say how great JJ the snake oils salesman’s system is… JJ an open challenge to you clown….Put your statement on line and you and the biggest scammer Megan James both know that you both fabricated the PnL and there is no prove in your trading at all. How about… + Rob B +Stray Dog +Paul Iglesias +Josh E Above mentioned guys why dont you guys show the proof that you have taken the trades in the room of JJ and are in Green.… Read more »
saten sharma
Guest
saten sharma
Dont spend a cent with JJ the scammer and clown.. He uses the NTRenko bars and calls it his properity Bar… He now uses GOMI which once again stolen from Big Mikes Trading Forum JJ us recycling indicators to show he is a guru and we all know he is a liar,. eam There is no special JJ bars as you might be lead to believe…. Go here and get NT Renko which is very much what the JJ bar is..JJ and Megan are not being honest …NT Renko Download Save your money and go here for the set ups….… Read more »
jeff
Guest

Total scammer!! He ripped off some of my trading friends and I hope he burns in hell.

paulo j
Guest
Why pay to learn how to trade? Learn your self. I have been taking it serious , paper trading, watching so many videos and so far I am doing very well with out paying a cent. At the end of the day is you and your self sitting behind the screen clicking to buy or sell. It does not matter how good or bad the system is. This scam can work from someone very well, like it might not work for others. REMEMBER you cannot try to replicate an strategy or a trader. YOUR PERSONALITY WILL NOT LET YOU !!… Read more »
Gisell
Guest

Emmett, I need to contact you. DO u have an email?

saten sharma
Guest
saten sharma

Chances are that all these guys are none other than creation of JJ and Megan James as they have been found out previous in other forums where they create usernames and write on forums to support their scams.
Lets hear from the people now and see the truth from fabrications…..Liars and thieves will be just that….

+ Rob B
+Stray Dog
+Paul Iglesias
+Josh E

Rob B
Member

Saten Sharma,

Are you on Drugs???? Did you actually read my posts???? I hate this and all lying Trading Room that sell complete BS and could not profitably trade live if there lives dependent on it.

saten sharma
Guest
saten sharma

Hi
Rob B
Apologies for not reading it correctly and just read the first line and YES we both hate the BS trading rooms and the room run by JJ is the worst of all as he is a real scam and he has been given so many opportunities to come out and show the proof but he can only do that if he has got any at all.

JJ uses multiple log ins to write on different forums to support his scam .

Stray Dog
Guest

Diito Rob B’s comment. I don’t know how even a casual reading of my comment could be taken as support for School of Trade.

Paul Anthony Iglesias
Guest
Paul Anthony Iglesias
STOP SLANDERING AND DEFAMING SCHOOL OF TRADE AND JOSEPH JAMES & CO. To any and all persons interested in learning how to trade the crude oil futures, index and gold markets etc., please be advised that School of Trade (CEO Joseph James) is hands down the best and I mean the gold standard of trading schools. I did a lot of research before deciding to pay $5,000 for the course and I can say emphatically that School of Trade is THE best online trading school out there. The trading strategies developed by Joseph James in conjunction with his colleague John-Henry… Read more »
Rob B
Member
Paul, 3 whole weeks and in the green. Darn Tootin I cannot imagine how anyone could not take your word on it. I am sure those city slickers just do not understand honest folks. I tell you what why don’t you provide Emmett with some brokerage statement showing all that money you are making. I know it is just an insult to have to show any prove. After all God isn’t showing any proof why should you. But before folks fork over $5000 for this amazing course, maybe just a little bit hint of “Actual” proof would be nice.
Stray Dog
Guest

My thoughts exactly Rob B. Wow! A whole 3 weeks of trading. What more do I need than then word of someone who has been trading live for a whole 3 weeks. Well, maybe proof that the strategies are successful in different market conditions.

Paul Iglesias
Guest
Paul Iglesias

If anybody doesn’t want to take my word for it, check out the 200+ positive reviews of SOT and Joseph James on Investimonial. There’s no market replay. I’ve been trading the crude oil market live in the trade room with JJ and John Henry Brink. Sorry, but you and the other person commenting below (Stray Dog) are grossly misinformed. That said, good luck to you with your trading.

Harry Wagner
Guest
Harry Wagner
I will say it again. If School of Trade is a scam, then please introduce me to some more of the same. I have profited on a daily basis for several months from watching his chart highlights as well as following the excellent trade of the day replays from John Henry. Yes, and I have never spent a cent to enroll in the courses. I fact I ask myself why does he give away so much valuable trading training for free. I almost feel compelled to pay Jj for his training. I believe most of the negative commentary is directly… Read more »
saten sharma
Guest
saten sharma

Harry Wagner if this is your real name and account, as we all know how JJ and Megan operate. They set up numerous fake accounts to self praise themselves.
Harry Wagner…put your mouth where your fingers are…show us you broker statement buddy that you have been successful with the RANDOM levels that JJ paints on his chart.
Why not show us your entries based on JJ’s levels and how successful you have been.
An open challenge to you. Show us the proof buddy

Rob B
Member

Thank you Saten,

For people that know me you saved me from having to write my political in correct rant about what a POS shill Harry Wagner is. Really Harry making money off of the replay trade of the day. School of Trades and Sideways markets needs to shut down and go out of business

Harry Wagner
Guest
Harry Wagner
Back again reading about all the poor little fellas that got scammed by School of Trade. I was not scammed nor did I pay $5000 to learn to trade. As I stated before, JJ gives more valuable information four times a week for free then anyone I know in the business. Why not listen to the market training this fellow gives and then get to work and apply it to trading. It has taken me years and thousands of dollars lost to learn to trade so I make money. JJ is the reason as he is a master day trader… Read more »
saten
Guest
Harry, why do you sound so much like JJ the scammer… you are not real and this is JJ’s account and JJ is known to go to forums and pretend to be someone else and rave about his arse…JJ wont think twice to sell Megan for money and both of them are scammers and thieves. They knowingly steal peoples hard earned money by promising results that they cant even replicate. Just imagine what sorts of children they will produce as from those who they happily take money do have children and fell for this two snakes and now they are… Read more »
Sharmas
Guest
All those who supported this scammer and still do. Finally justice will be served CFTC Charges California Residents Joseph Dufresne, Megan Renkow, and Their Company, United Business Servicing, Inc., Doing Business as Schooloftrade.Com, with Fraudulently Marketing Commodity Futures Trading Strategies and Systems Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their company, United Business Servicing, Inc. (UBS), doing business as SchoolofTrade.com… Read more »
Harry
Guest
Sharmas. Joseph James is still operating as I read your comment. I rely on his accurate trading advice on a daily basis and I profit from what I have learned from him and John Henry. Also, I have never invested a dime in his promotions, not a dime. Joseph is undoubtedly one of the finest day trading traders alive. I can’t account for the fraud suit filed against him. Perhaps it is the people that do not have the necessary ability to learn to trade or the lazy ones that are filing suit. Those people deserve nothing more if they… Read more »
Sharmas
Guest

Harry…are you for real…JJ hasn’t traded live money and he doesn’t know how to…Have you been in his room…He cant even make a call with confidence. John Henry is recording all his Trade of the Day videos in market replay. Have you noticed that they have stopped posting the videos since they have been charged.
Also have you noticed how quickly JJ has removed the Discussion tab off his You Tube channel and also disabled the comments tab too. JJ is nothing but a liar and a fraud and justice will be served.

Pete
Guest

Atleast JJ has been trying with real money since 2007. There’s this hole in my soul telling me Al Brooks has been sim trading since he went public and I am the fool for putting real money in this rigged game.

Cyn
Guest

Efforts do not count. Only results matter. You, no doubt, discovered this when you came across the dastardly Al Brooks.

dtchurn
Guest

This is an old review. The update is at
https://www.tradingschools.org/reviews/school-trade-sideways-markets-update/
where “the CFTC discovered that between September 2007 and April 2016, that Joseph Dufresne was a complete and total failure at trading. His total net losses were over $119k.”

Sharmas
Guest

And just checked the You Tube channel of JJ’s and he has removed all those trades of the day videos. So our mission has been successful and it goes to prove that JJ and John Henry have been lying to us all….Why else would you remove all the videos pertaining to so called the Trade of the Day…when we all know it was in Market replay and JJ trades in SIM….lol

GemBow
Guest

“I can’t account for the fraud suit filed against him.”

Can you account for the CFTC action against him? If you can’t, then all your comments and positive claims about him are irrelevant.

Pete
Guest

Justice has been served against J.J. We need CFTC action against Al Brooks still.

Sharmas
Guest
Harry Lets play your game…Why dont you post your broker statement here for everyone to see and show us the last 3 days trade you took based on JJ’s levels. Unless you are indeed JJ who has been proven over and over to use pesudo name to promote his own scam. JJ cant trade to save his life and only way he makes money is use Megan to tell lies to people and JJ is a scammer and soon will be dealt with. I have called out JJ so many times if he has balls to show his broker statement… Read more »
GiGi
Guest

Hi, Harry! Are you member of SOT? if so, can you please give an email to contact you! thank you!

Sharmas
Guest

Harry is JJ himself …JJ stop pretending to be someone else you have been busted so many times and yet again..I dont know how you can breath knowing the pain you have caused so many people….

Pete
Guest

I believe J.J. borrows Al Brooks’ ventilator.

Stray Dog
Guest

Now that Spring is upon us all the Shills are coming out of the woodwork and they’re just as annoying as an allergy. Trading statements Harry. Show us all what a big fella you are or are they an inflated figment of your imagination just like your manhood?

Rob B
Member

Man talk about fact free shill advertisement. Will you lose 10lbs also?

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