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The Trader Institute Review: Is this a Scam?

The Trader Institute Review: Is this a Scam?

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The Global Trade Room website is redirecting to thetraderinstitute.com which means that the owner Simon Jousef has decided to confuse those who are familiar with the Global Trade room so as to make it look as if the two entities are not associated.

For your information, Simon Jousef of Global Trade Room and The Trader Institute are in serious trouble. According to the CFTC, this is a massive fraud. This Futures day trading educational company and “live” day trading room has been highly promoted by Dr. Dean Handley. In fact, Dr. Dean Handley proclaimed this live trading room as “truthful, transparent, and profitable.” However, CFTC investigators discovered the Simon Jousef has never even had a trading account. Ever.

According to consumers that contacted TradingSchools.Org, and who took Mr. Handley’s advice were funneled into a financial slaughterhouse where they were fleeced for $9k for a “magical magnet” trading indicator and a “live trading room” by Simon Jousef. Consumers quickly discovered that Simon Jousef is a complete and total fraud.

Consumers lost massive sums of money and the CFTC, or Commodity Futures Trading Commission filed a formal complaint alleging multiple counts of commodity fraud. This is an absolute shit show and yet again gives the financial education industry another black eye. Fraud on an epic scale.

If you want to stay safe from fraudulent trading products, read this page and only pick tools that are recommended there. 

The Trader Institute review

There are many cons associated with this trading operation. We’ll get started by listing them down before going to the meet of the issue.

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worldmarkets

Simon Joseph has never had a trading account

Simon Joseph sold $1.3 million in fraudulent products and services

All of the marketing materials and performance summaries were fraudulently produced

Yet another “Trading Titan” is busted by the CFTC

What is The Traders Institute, and what are they selling? According to The Traders Institute website, the company is selling a “live” Futures trading room where the owner of the company, Simon Jousef, proclaims that he is a professional day trader that specializes in day trading the Futures markets.

According to Simon Jousef, he claims to be a multi-millionaire day trader and “one of the top 5 Futures day traders in the world.”

In addition, Simon Jousef claims that while he was studying black holes in space, he discovered a warp in space-time, and that this “time warp” could be applied to financial markets. Mr. Jousef proclaims that he designed some sort of magical mathematical formula called “The Trading Magnet.”

This “trading magnet” as Simon Jousef explains, “contains the same quantum properties as a black hole and it magnetizes prices to the intended target…to the tick.” As a result of having this “secret” knowledge, Simon Jousef claims all manner of whack-a-doodle and he is now a multi-millionaire trader.

The Trader Institute: The Trading Magnet is for SALE!

For only a limited time, you can also purchase the secret code of the “trading magnet” and you can apply this to any Futures market, any time frame, and earn millions of dollars “with ease.” In fact, Mr. Simon Jousef proclaims, “It’s like getting FREE MONEY.” The cost of the “trading magnet” is only $8,900 for lifetime access to the amazing secret code.

Additionally, the lifetime access includes several months of the live trading room, where Simon Jousef claims that he is trading with a live trading account, and earning millions of dollars in the process. For your viewing pleasure, please behold the majesty of this supposed financial genius…

A Two Man Shit Show

Of course, every financial genius needs a trusty sidekick to clean his boots and scrub his toilet. This would be a person named Daryl Swanson, who is affectionity referred to as the sales manager of The Trading Institute. Have a look…

According to Daryl Swanson, his fascination with the markets began as a small child. While growing up in Minnesota on a farm, he was fascinated by the colorful lights and sounds that emanated from the television and daily financial news. He then began a lifelong quest to learn to trade, but he knew that he needed a “trading mentor.”

In about 2014, he was introduced to Simon Jousef and was incredibly impressed with Simon Jousef’s impeccable and 100% verifiable track record of Futures trades. As Daryl Swanson opines on The Trader Institute website, “the Trading Magnet definitely works” and “I am very honored to be given the secret to unlimited shrimp cocktail, oops I mean financial success.”

After kissing Simon Jousef’s ass profusely over a 4 year period, he was offered the coveted position of sales manager and assigned with the task of bringing wealth and unlimited prosperity to the masses.

Three Man Clown Show

Of course, every financial huckster needs a good marketing channel. And when it comes to Futures trading, nobody is more notorious than Dr. Dean Handley.

Dr. Dean Handley claims that he is the worlds foremost expert on live Futures trading rooms. In fact, many thousands of people have dearly clung to his supposed reviews. And as a result, many people believe this bozo with the religious fervor of a TV preacher.

In fact, Dr. Dean Handley arguably “sells” a supposedly highly coveted plastic trinket called the “Titans Of Trading” trading award. Dean claims that he individually views and records the live trades within a live trading room, and then issues a bold proclamation whether the consumer should purchase the product, or avoid the product.

With regards to Simon Jousef, our good doctor bestowed his highest honors and proclaimed that “Simon Jousef is a Trading Titan. He is truthful, transparent, and profitable!” As a result, a trading trinket was issued to Simon Jousef.

Our best advice for you

Commodity trading fraud is serious business. It remains to be seen whether Simon Jousef will be indicted by the US Attorney. If he is indicted, we would suspect a lengthy prison sentence. For now, you should stick to trading tools that are known to perform well. Our recommendations are efficient and profitable.

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