this is an old post of mine from 2005. I laugh at people who still get suckered by these scammers but I should have sympathy as I was just as gullible it seems https://www.elitetrader.com/et/threads/are-all-trading-courses-scams.47593/page-6#post-723334 One of the courses I looked at a couple of years ago was rsofhouston. I spoke with the guy on the phone, he told me was profitable and in those days I was too polite to ask for statements. He offered me a list of names, worldwide ; ex-students who I could ring to confirm his prowess. I also found an review by the Chief editor of TASC magazine, lauding his reputation and skill. http://www.traders.com/Reprints/PDF.../RS_HOUSTON.pdf He even sent me a free video where a long line of adoring students praised him as teacher, trader, and man. I was about to send in my money ($4000) when I happened to come across a CFTC fraud conviction. http://www.cftc.gov/enf/00orders/enfrsofhouston.htm] In his six years of trading he had been a consistent loser, he was an out an out conman. The amazing thing is he is still doing well, even becoming wealthy from his scamming operation. We all know how it works, once someone has has paid big bucks for a NON-REFUNDABLE item they want to believe it works. And if they complain- well he now knows how to avoid prosecution from CTFC - just put the disclaimer in small print. Those who have a good record will jump at the chance to show them On the other hand I've also bought courses which give a unconditional money back guarantee, and that is fine, even without statements