Psychoff - training course

[Derek27]

Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k for the advanced stuff,

Are you being serious? He's offering the basic and advice course for £2499!!!

Luke wouldn't even understand the basic course (he didn't even reply to Psychoff when personally invited to ask questions because he thought Psychoff was timewasting ) and it goes without saying that anyone who doesn't even know the difference between backing and laying and needs to spend £1000 to learn it is wasting their money on an advanced course. Coupled with the fact, if it happens to be true, the reason behind the course is to pay tax to acquire a visa, you'd have to be completely bonkers to sign up.

How much time has Psychoff spent preparing this £200 per hour course? Did he start preparing the curriculum the moment Pretti Patel made an announcement?

You can be the best trader in the world, but it doesn't make you the best teacher in the world. If you're charging £200 per hour and it's not even personal tuition but a class of 10, and as SB alluded to the website looks quite hastily put together, and the cost of learning the difference between backing and laying is the same as learning the advanced stuff, it doesn't give you much confidence.

[Kai]

Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k for the advanced stuff,

Are you being serious? He's offering the basic and advice course for £2499!!!

Yeah, I'm almost always serious?

You're talking about an endgame trading edge here with endless scalability. I'm pretty sure I went into great details on this forum many times about how much I personally value such an edge, I think this type of edge may actually be the hardest one for traders to learn. A lot of people can spot the obvious opportunities but they can't exactly do it on a daily basis, I'm pretty sure it would have sold out just as easily for double that price.

Not sure how much a complete newbie like Luke would be able to absorb from it, depends on the curriculum I guess. Your edited part about the teacher I definitely agree with, great trader doesn't automatically mean great teacher. Doesn't matter how the website looks, it serves a function, you don't need eyecandy and endless testimonials when you have all the credibility in the world. Still, you can't realistically expect most of the students to benefit from the course, I'd say only a small part of them. Kudos to Psychoff if he can make most of them profitable.

[Derek27]

If you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.

The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.

[Kai]

If you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.

The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.

That's probably a bit unfair, to say that you would be paying 1k just to learn the basics. I would imagine he needs to cover all of the basics of trading and using software for all the people coming over from straight punting/betting, not just the newbies.

Can only speculate but there are probably some "basic" and "easier to understand" strategies in the basic course, while all of the more complicated stuff is probably in the other one.

[Derek27]

If you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.

The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.

That's probably a bit unfair, to say that you would be paying 1k just to learn the basics. I would imagine he needs to cover all of the basics of trading and using software for all the people coming over from straight punting/betting, not just the newbies.

Can only speculate but there are probably some "basic" and "easier to understand" strategies in the basic course, while all of the more complicated stuff is probably in the other one.

Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?

It can be taken as fact that the majority of new traders will never even make any money from trading nevermind £1K. So paying £1K to learn how to use other software and the basics of trading is stupid. Charging an idiot who's willing to pay £1K for what people like you and me could learn in an hour just by reading the manual is taking advantage of people who are stupid and have no hope of learning to trade, possibly just to get a visa for yourself?

At the end of this course, the participant should be able to understand basic exchange logic and concepts and put them to use and also use the Geeks Toy software and perform basic and advanced trading in the exchange markets.

In other words, you'll know absolutely nothing about trading that you couldn't have got for free but will have £1000 less to deposit in your Betfair account to get started.

[Kai]

Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?

Of course not, but for me the real question here is whether it's possible to compress enough quality material/information/tools/etc inside those 5 hours that can enable someone to learn this over time, then yeah, I think that's very possible.

[Derek27]

Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?

Of course not, but for me the real question here is whether it's possible to compress enough quality material/information/tools/etc inside those 5 hours that can enable someone to learn this over time, then yeah, I think that's very possible.

Totally agree, it's very possible. But is it worth paying £1000 for? Don't forget, we're talking about people who know nothing about trading - not even the difference between backing and laying!

Is it really worth paying £200 an hour to have somebody tell you, however quickly, what a back bet and lay bet is?

You can go to adult training centres and learn basic arithmetic for free, and then learn the basics of trading for free. Why pay £200 and hour??

[Kai]

You can go to adult training centres and learn basic arithmetic for free, and then learn the basics of trading for free. Why pay £200 and hour??

Idk Derek, not a big fan of that argument honestly

It's very easy to say "you can learn trading for free", but would that be really free? If you convert all of your time spent learning these things into actual money, what would be the figure lost in the end? Not to mention the actual money lost due to mistakes, and above all the stress that can be potentially shaving years of your precious life.

Doesn't sound to me like it's free at all.

I do get where you're coming from and you are right that there will most likely be people that end up very disappointed with paying a larger sum just to find out that they don't have what it takes, or that it's not as easy as they thought. At least they can save themselves some times in that case, they would spend the money on much sillier things anyway.

[jamesg46]

Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?

Of course not, but for me the real question here is whether it's possible to compress enough quality material/information/tools/etc inside those 5 hours that can enable someone to learn this over time, then yeah, I think that's very possible.

Totally agree, it's very possible. But is it worth paying £1000 for? Don't forget, we're talking about people who know nothing about trading - not even the difference between backing and laying!

Is it really worth paying £200 an hour to have somebody tell you, however quickly, what a back bet and lay bet is?

You can go to adult training centres and learn basic arithmetic for free, and then learn the basics of trading for free. Why pay £200 and hour??

Surely if you know who Psychoff is then Backing & Laying isn't an alien concept anyway & tbf, I completely see your point... although, if they're prepared to pay for something that's free elsewhere then more fool them. Tbh though, I dont think the basic course has exactly sold like hot cakes.

What worries me is, if this now sets the bar then just imagine how much a course with Peter would cost (although I'm not sure he has any plans to be doing such things)

Regardless anyway, it's just supply & demand... if the glove fits for the buyers then so be it.

[ruthlessimon]

Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k

An optimist

But my question is, @50% off, why didn't you buy two spots??

[Kai]

Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k

An optimist

But my question is, @50% off, why didn't you buy two spots??

I didn't buy anything Simon, I'm waiting for the bootleg DVD version of the course of course!

On that note I'm off to bed, it's very late over here in Europe Ironically Derek keeps bumping this thread to advertise Psychoff's website, ayy lmao.

[ruthlessimon]

Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k

An optimist

But my question is, @50% off, why didn't you buy two spots??

I didn't buy anything Simon, I'm waiting for the bootleg DVD version

If you think it's 50% off you gotta take that bet - imho!! Cos at the end of the day; this was a trade. A trade in the education market, open to us all. & those 10 reckon Psychoff has deeply mispriced his IPO. But @ 2K they've made a heck of an investment (for 10hrs of unstructured content); I genuinely hope it works out for them

Just for context though, 3.5K gets 8weeks training, on a desk, in London (2.7K online) - or two of Anton Kreil's courses

[Derek27]

You can go to adult training centres and learn basic arithmetic for free, and then learn the basics of trading for free. Why pay £200 and hour??

Idk Derek, not a big fan of that argument honestly

It's very easy to say "you can learn trading for free", but would that be really free? If you convert all of your time spent learning these things into actual money, what would be the figure lost in the end? Not to mention the actual money lost due to mistakes, and above all the stress that can be potentially shaving years of your precious life.

Doesn't sound to me like it's free at all.

True, it's not free but it's a £1000 cheaper!

If you become a successful trader the time you spent learning hasn't cost you anything - it was an investment that made money. If you're not successful, as I would guess many billionaires weren't on their first business venture, the time and money you lost can be offset by valuable experience gained that helps towards your next career or business venture.

But if you need to pay somebody £1000 to tell you the difference between a back bet and a lay bet, you know and I know that that idiot doesn't have a cat in hell's chance of success.

I respect Psychoff as a trader and I know you've learnt a lot from him, but get real. He can charge what he likes or whatever people are willing to pay for an advanced trading course, but £200 an hour to teach the basics???

We spent tens of hours answering Lukes questions for free because we didn't think the information we were giving was worth charging for. You can't seriously suggest that Psychoff is more qualified or experienced at answering these questions than us. Nobody on this forum expects that sort of money to give basic advice?

[ilovepizza82]

£2500 !?!!!!

You GOTTA be kidding me !

£1000 for "basics of exchange logic" ?
Either its an april fool or someone lost his mind.

PS: and btw. £2500 for a course of someone who never shows his losing days or PL gotta be a joke. HIs twitter is full of screenshots of his "amazing" big stake winners tho.
Show me your PL first., ROI, anything.
If the quality of his videos is like the quality of his website...gimme a friggin break.

[Derek27]

Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?

Of course not, but for me the real question here is whether it's possible to compress enough quality material/information/tools/etc inside those 5 hours that can enable someone to learn this over time, then yeah, I think that's very possible.

Kai, your answer to my question was NO, but then you changed the question and answered yes - to your own question. The ACTUAL question is, IS IT WORTH PAYING £1000 TO LEARN THE VERY BASICS?