Vantage Point Software: 86% accurate trading signals?

Vantage Point Trading Software
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Summary

Vantage Point Trading Software, a product that company salespersons claim is 86% accurate at predicting prices 1-3 days into the future. High-pressure sales presentation that recommends retail investors put the $4,900 cost of the software onto a credit card. Company salesperson stated as fact, “most people recoup the cost of the software within 60-90 days after purchase, from trading profits.” (telephonic recording)

Company salesperson claims that a “single mom with little to no trading experience earned $100k on her very first trade.” No evidence of claim could be provided. (telephonic recording)

TradingSchools.Org caught the company using a paid ‘shill’ that represented himself as a full-time professional trader using the software profitably, daily. It turns out that the paid ‘shill’ is actually an employee of the company.

Use of high-pressure, boiler room like sales techniques tailored to the financially naive. In my opinion.

Owner of the company, has no verifiable track record of successful trading, spanning over 40 years. We asked for verification, Vantage Point refused.

Pros: World class, aggressive marketing.
Cons: Outrageous claims of profitability. Dubious and unverifiable claims of nearly perfect trading predictions. Aggressive salespersons working in 'boiler room' conditions recommending that people go into debt to purchase trading products.

Thanks for reading today’s review of Vantage Point Software

What is Vantage Point Software? The company is offering a trading software program that claims to incorporate Intermarket analysis and artificial intelligence to predict where markets will be at some point in the future. The company claims that they are the “World Leader in Market Forecasting.” Nearly every single tradeable market is covered with the trading software. This includes stocks, futures, Etf’s, bonds and commodities.

The company proclaims that their trading software is 86% accurate at predicting the future direction of just about every tradable financial market. And that this accuracy is ‘proven’ to be accurate 1-3 days into the future. What exactly does ‘proven’ mean? Apparently, the company gave the software to several PhD’s, and various financial publications and they all proclaim the greatness of the software. Several of these financial publications include advertising partners: Traders World magazine, Stocks and Commodities magazine, Futures magazine, and various other smaller promotional magazines.

It is important to note that these magazines are all promotional magazines. If you have been around the trading scene for any amount of time, then you know that all of these magazines write only positive reviews of trading products. They are in the business of selling the dream, and each new month includes yet another positive write up about yet another amazing trading software product.

In fact, I challenge anyone to find an article, from any of these trading magazines that gives a negative review of any trading software.

About Vantage Point Software and TraderTech.com

The software can be found and purchased at TraderTech.com. A review of Archive.Org reveals that TraderTech.com has had an active website since about 2002.

Vantage Point Trading Software

Prior to 2002, the company was a very active advertiser with Futures magazine, Traders Magazine, Stocks and Commodities, and various smaller trading promotional publications. In fact, a review of archived and non-web published Futures magazine and Traders magazine reveals that the company has actually been selling the software since the early 1980’s.

What I find amazing is that Vantage Point software has been around since the 1970’s. Over 40 years selling software out of Tampa Bay, Florida. Quite a promotional achievement! Isn’t it funny how much trading software seems to spring out of Florida?

Louis B. Mendelsohn

The owner of the company is a person named Louis Mendelsohn. Personal computers came onto the scene in full force during the 1980’s, and it seems that Louis Mendelsohn was one of the first to jump on the gravy train of selling trading indicators and software to the general public.

Louis Mendelsohn describes himself as coming from humble beginnings. His personal narrative includes “growing up in a public housing project and tenements in Providence, Rhode Island in the 1950’s.” Somehow he pulled himself up by his bootstraps and escaped this blighted ghetto and attended Carnegie Mellon and eventually received his MBA from Boston University. Both excellent schools.

During the 1970’s, as a hobby, he began trading stocks and commodity futures. At that time, traders were still using a pencil and pieces of paper to draw charts from prices published in local newspapers. In 1977, while working as a hospital administrator, he realized that pencils and pieces of paper could not compare with the charting ability of personal computers. In 1979, he founded his trading software business and it was released as a program named ProfitTaker.

After the financial crash of October 1987, Mr. Mendelsohn released a new trading software product that took into account Intermarket analysis. He considers himself a pioneer in the field and developed the software because he apparently could see “hidden patterns” and his software was now updated designed to uncover these “hidden patterns.”

According to the NFA, National Futures Association, Mr. Mendelsohn was registered in various capacities including a branch manager of a futures company for a year (1989), and a commodity trading advisor for a couple of years (1988-1989). There is no negative information or reparations associated with Louis Mendelsohn. It appears that Mr. Mendelsohn withdrew from NFA membership in the year 2000.

There is no published track record of Louis Mendelsohn’s performance as a CTA (Commodity Trading Advisor). And there is no mention of Louis Mendelsohn’s individual trading history. A very long and wide history of “breakthrough software” but no individual performance summaries. The big question…has Louis Mendelsohn ever made any consistent money by taking his own advice? Has he ever been able to convert these supposed secret patterns and amazing trading software into actual trading profits? TradingSchools.Org attempted to answer this question by contacting Vantage Point Software directly. Unfortunately, the company was unwilling or unable to comment on the supposed trading performance of Louis Mendelsohn.

However, our interaction with company representatives of Vantage Point Trading software was quite revealing.

Vantage Point Trading Software: a well-oiled sales machine.

During the month of February 2017, using an alias, TradingSchools.Org requested a free demonstration of the trading software. Included in the free demo request are 3 pieces of information that a user must submit to receive the free demo: Name, Phone Number, and Email.

Once this information is submitted to the company, this sets off a chain reaction of sales related activity. The first thing we noticed is that a wave of phone calls began to immediately arrive. But here is the funny thing, the area codes for these incoming phone calls were not from a toll-free number, or from the company headquarter located in the Tampa Bay area. Instead, the phone calls begin to arrive from a local area code. We did not answer and instead let the calls drop into voice mail, where a message was left from a salesperson located in Tampa Bay, Florida.

A day later, and yet a different local area code, from yet another salesperson located in Tampa Bay, Florida. What does this mean? Why is this important? What is happening is a clever marketing gimmick. The company realizes that individuals are less likely to answer toll free numbers, or number located in different states. Most people dont like sales calls. And so, the company is injecting localized area code prefixes into the caller ID of the outgoing phone calls. People are much more likely to answer a phone call if the phone call comes from a local prefix, it could be an emergency call from a spouse, child, or work.

I find this really clever and eventually answered the incoming phone call.

Vantage Point Software: a boiler room situation?

After you pick up the phone call from Vantage Point Software, you will be greeted by a chipper young salesperson. The very first words mentioned to us were, “Hi, this is Kevin Garniak from Vantage Point trading software, and this call is being recorded.” I thought this cute and agreed. Little did he know, I was also recording the phone call. I record every single phone call.

The very first thing I noticed was the cacophony of voices in the background. I felt like the conversation was trapped inside of call center located in Bangladesh. I asked Kevin where he was calling from, he said Tampa Bay, Florida. Next, he started aggressively gunning into his rehearsed sales pitch. And what a sales pitch!

The first statement that he makes is that Vantage Point trading software is 86% accurate at predicting future price direction, for the next 1-3 days. That the software has been proven to work since the 1980’s. I kept my mouth shut and let him continue to spew his sales pitch.

Next, he explains that the software has been 3rd party verified and authenticated from various reputable sources (Traders Magazine, Stocks and Commodities, etc).

He then tells me that the price of the software ranges from $2,900 to $12,900 and that most people purchase the $4,900 trading package. Incredibly, he then recommends that I purchase the $4,900 trading software with my credit card. He next say’s, “Within 30-60 days, most people recoup all of their costs from trading profits.” I was flabbergasted at this statement, and the crazy part is that he consented to have the entire conversation recorded. This is the type of stuff that sends the CFTC into full action mode.

He didn’t stop there. Kevin then launches into ‘full promo mode’ and states that one of his customers, “A single mom with little to no financial experience made $100,000 on her very first trade!” I am just sitting in my chair, quietly laughing as entangles himself deeper into the regulatory web.

Vantage Point Scam

The sales presentation rambled on for over 40 minutes. It included screen sharing of the software where he gave picture perfect, hindsight trades where customers were supposedly making massive profits. Every so often, in the background of his sales presentation, I could hear loud cheering and clapping. I asked Kevin what that cheering and clapping meant, he explained that someone just sold a trading software package and the entire salesroom was congratulating the salesperson.

A short time later, I hear what can only be described as a cowbell wildly banging in the background. Yet again I asked Kevin what that wild sound was, he enthusiastically described that yet another salesperson has sold some sort of mega software package. I thought to myself, this must the $12,900 package, I really wanted to trigger that cowbell.

Of course, I had no intention of purchasing anything. Instead, I just wanted to string poor Kevin along and let him drop more regulatory turds in his underwear. Next, I asked Kevin if he could refer me to an actual trader that was using the software and was making profits. He said, “No problem, I can let you talk to a full-time trader, using our software and making profits”. He next gave me the telephone number of a person named Matt Golden with a 407 area code. I checked the area code…another phone number from Tampa Bay, Florida. I told Kevin that I was going to purchase the software package, but I just needed to talk with a real trader making profits. I hang up.

Vantage Point Software and the professional shill.

After hanging up the phone with Kevin Garniak, I next picked up the phone and called the front desk operator at Vantage Point Software. I asked if there was an employee named Matt Golden. The front desk operator confirmed that Matt Golden was an employee.

Next, I called the cell phone of Matt Golden. Wow, was Matt Golden more than enthusiastic about Vantage Point trading software. He explained that he is now a full time professional trader and that the software is “amazing, and it works, it changed his life, I just bought a new house with my profits.” All the while, I am sitting in my chair wondering…how many other people are falling for this ‘song and dance, bait and switch sales presentation’. Was Matt Golden the guy in background ringing the cowbell?

Reviews of Vantage Point Software

Of course, all of this is highly unethical and some might say is downright fraudulent. I won’t give my own personal opinion. Instead, I would like to offer some choice quotes from purchasers of the trading software. These quotes were pulled from the pages of Forex Peace Army. Its important to note that Forex Peace Army does have some positive reviews regarding Vantage Point software, but they appear to be shill responses from the virtual swamp of negative reviews. Lets take a look at what a few individuals have written about this trading software:

Very clever marketing & misuse of statistics have resulted in a product that looks and sounds wonderful with great endorsements, however it offers absolutely no edge in the market at all. I spent manny thousands of dollars & it was a total waste. I would even go so far as to call it a scam. Stay away !!

Vantage Point is over priced garbage. It cost me around $5000. Within 4 months my entire trading account was wiped out. I trusted this system to deliver and it didn’t. The accuracy was more like 20%.

Vantage Point in my opinion is overpriced and probably a borderline ripoff.

I have been attempting to find some value to using the VP software but I’ve totally failed to find any added value at all to using the so-called predictive indicators. Completely my fault that I paid $5k for the useless software.

Hello everyone thinking of purchasing vantagepoint software. I spent the money for the entire futures package and I am embarrassed to say how much it was because I was taken for a ride.

Ok, let me be honest. If you buy this, or any, software which claims it can accurately predict tomorrow’s range or tomorrow’s anything, THINK about it instead of dreaming about mansions and Ferrari’s. I saw those nice high numbers on their website about accuracy etc and thought “hey I can’t lose”. The bottom line is this: VP is one of many scams out there run by people who have no heart or soul and can sleep at night after robbing hard working people.

As you can read, these are some pretty nasty user comments. And there are many, many more.

Some readers might be tempted by the 14-day refund policy. But before you allow your money to be transferred out of your account, you should also read the page upon page of negative comments from people that were not able to receive their refunds, either outright or through clever linguistics contained within the sales contract. Vantage Point software is not in the business of happily handing out refunds.

What about those positive review websites?

It appears that a lot of people get drawn into Vantage Point trading software because they read a positive review from a third party website, that spoke highly of the product. But what you need to realize is that Vantage Point offers a very handsome affiliate program that pays generous commissions to whoever is referring traffic. A quick google search reveals many of the usual suspects.

As much as TradingSchools.Org loves to promote trading products, we wouldn’t touch this company. I cannot imagine my readers being subjected to that ridiculous boiler room of piranhas tryingVantage Point Software to weasel $4,900 from readers. As many of my readers already know, I am former boiler room guy that trained hundreds of salespeople how to rip off people from shady investment products. The sales operation of Vantage Point reminds me of everything that I despise about my old life. Just fucking lying to people for a quick buck and having no remorse for the financial devastation and pain that is inflicted upon others.

Wrapping things up

Thank you for taking the time to read this review. It was a bit of a long review, and I know that most of you are too busy for a 2500 word diatribe. But this company is obviously running a large operation and I wanted to make sure that potential purchasers of the product have the complete and honest story of how this company operates. As usual, its my opinion.

Your opinion is more important. And I would love if you would make a comment, or if you have purchased the trading software from this company, would love to read your story.

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Andy Hickam
Andy Hickam
1 month ago

Hi, I read your review and want to thank you for providing it. I had spent 2 hours with a rep from vantage this afternoon (7/23/20) and was doing my due diligence. You sure made it easy for me. Thanks again. Since I left my e-mail, perhaps you could steer me in a better direction?

Chops wastiger2
Chops wastiger2
2 months ago

I am so fortunate to have read this review… I had an interview arranged for this week, and have cancelled that interview!

Vic
Vic
2 months ago

Oops

Laurie
2 months ago

Thank you for that review. I read the whole thing and found it very helpful because when I looked at the software demo, That they use in the webinars they give to demonstrate the package I thought “I can do that, to help me through these times starting small.” And seeing your review all the way through really was helpful to make it clear not to go there.
So thank you again. What made you change from not caring to how what you did affected people? I thought it was courageous that you were willing to share that.

Sam
Sam
2 months ago

Thanks so much for sharing the info and your review to save our hard earned money!

Nasruddin
Nasruddin
3 months ago

Thank you for saving my money. God bless you !!!

John Janus
3 months ago

Hello, I’m watching a video with a sales person from Vantage Point software with one of a few trading companies you have recommenced, Follow me trades. How can this be? What are your thoughts on this partnership? To check out what I’m looking at go to: https://followmetrades.com/vantage-ltr-recordings/?inf_contact_key=5c4e0db00e67751b55a7852b34a655e116358d5485884e2f31e6019a0d26c8b0

john C. Gill
john C. Gill
3 months ago

That was a great review! It made me put away my Ferrari dreams and keep my hard earned cash in my pocket. Thanks!

Yiyi
Yiyi
3 months ago

Thanks for very useful information

Jim Whittenburg
Jim Whittenburg
3 months ago

I bought the lifetime package that includes everything except Canada, Forex, and Crypto. I then added on the resistance/support package. This package came from an -mail ad and I made that purchase without the aid of a salesman. For me, it is worth the investment for the IntelliScan feature alone. In seconds, it screens EFTs and most of the US stock market for potential trades. I say most, because it doesn’t have some stocks I’m finding from other sources. I use that IntelliScan screen to review potential trades for the day. Within about 15 seconds per stock, I can decide if I want to add it to buy it or add it to my watch list for the day. I don’t have time to calculate the results of my trades from VantagePoint and post it here. I do know the software has given me ideas for trades, that I wouldn’t have found without it, that have made me a lot of money. I use stop losses of 3% to limit the downside but that’s just my preference, not their training. Even so, the software will show me the beginning of a potential downtrend before it can cost me, thus the use of stop loss. I also use the software’s feature of predicting the highs and lows for the upcoming day. For you skeptics, those predictions stay in the history of the daily results, so you can see yesterdays predictions vs. the actual highs and lows. The software is wrong quite often, not by much, but it’s usually because it didn’t predict a breakout from a trend. I have evaluated other investment screener options from other websites and many of them require a monthly subscription cost that will eventually dwarf my investment in the lifetime package of VantagePoint. I am not an employee of the company. I’m just a CPA who is trying to find a way to use trading profits as a way to replace my current income so I can retire.

Andy
Andy
1 month ago

This is very interesting Jim as you are the only one who seems to have actually used the software. I am serious about that. Could you share some more of your experiences? Are you currently still using the software, etc.?

Jim Whittenburg
Jim Whittenburg
1 month ago
Reply to  Andy

I use it every morning. It’s not always accurate because no one and no software can predict what happened in the market yesterday. I also need to follow it more closely. It told me to get out of Apple, Microsoft, Tesla, etc, but I stayed in until I hit my stop-loss orders yesterday. You also need to fully understand what the charts in the software is telling you about a stock before buying it. It may say a stock is a buy, but my experience tells me it’s just a mild buy or I’ll take a pass. So out of 30 stocks the software says is a buy for today, I’ll actually buy three stocks. After my orders are filled, I put a trailing stop loss at 3% of the last price. That protects me from an unexpected reversal the software didn’t predict. Another thing the software does is to predict sector shifts. For days it’s been telling me gold and energy stocks were the way to go, but I was fully invested in tech stocks. Tech sucks at the moment and the gold and energy stocks are doing well. I believe the software works, but you need to spend time with it and learn how to use it properly.

Jason Worrell
Jason Worrell
4 months ago

I listened to the full hour webinar and was sold, hook, line and sinker! I got the phone call and gave my credit card details. Wow! Pressure sales for add-ons! I asked how much was the renewal after 1 year… she had NO IDEA! Alarm bells, no-one renews!? While on hold, I searched for reviews and found yours. She came back on the line and offered me 3 more sectors for $1500 but I replied, “Please just cancel my order and cancel the credit card transaction” She reluctantly agreed to do so but I can’t trust her word so I contacted my card issuer and told them what happened. A ‘dispute’ was started. Results in 6-8 weeks. If the result is in my favour I will consider that a VERY LUCKY ESCAPE and I would like to thank you for posting your review to help the rest of us.

Anonymous
Anonymous
5 months ago

Thank you for your detailed review!

Bonita Hudler
Bonita Hudler
7 months ago

Wow! Excellent analysis! They were trying to get my bro in law to pay $99.97 to get a taste of their info. But I see the trap that would be coming. God bless you for turning your life around. You have blessed me and my family with your honesty. Great detective work.

GARY A SMITH
GARY A SMITH
8 months ago

Thanks for the good information.

Steve A Sheppard
Steve A Sheppard
9 months ago

Thank you so much, in so glad I did a little research first. You saved me big time!

jon
jon
9 months ago

Thank you Brother

Steve
Steve
10 months ago

I certainly agree. Only wish I had seen this before I blew my money on VPS. You go through and do all your scans daily and come up with 10 to 40 candidates based on group strength or weakness. Of the five trainers I had at VPS, none could tell me how to boil this group down to one or two or more 80% winners in the next three days. It was as if they did not understand the question. Probably not on their script. I tried for a refund after 3 weeks, no dice. Several rumors that extremely difficult to get a refunds.

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