Publisher: None specified Cost: £197 – 30 Day Money back guarantee Review Date: Not applicable
What It Says On The Website
The top of the website (above the fold) is filled with a handwritten letter from “D Godard” complaining that £2,000 is way too expensive for Guy’s material (yes he charges in excess of £2,000 for some of his material) and that the most he would pay is £200.
After much turmoil with himself Guy realised he had forgotten his humble origins and that £2,000 is a lot of money for some. So, as Guy’s way of giving something back, the headline here is that the Turnaround Trader system by Guy Cohen costs £197.
The blueprint for the system (so called because it is based on the Turnaround indicator (a “secret” signal that a market is about to turn)) is:
• 10 minutes a day
• A not life changing £2,000 – £3,000 a month profit, tax free
• No studying charts and figures
• No hidden extras
(Ed – Why oh why oh why! £2,000 a month profit is meaningless. Is this £2,000 profit a month based on a £500, £5,000 or a £100,000 account? Is it a return of 0.5%, 3%, 100% a month? Is it based on 1% risk per trade or something like 20% risk per trade? Why oh why oh why!)
I mean let’s say £2,000 a month is 10% a month, that means a starting account of £20,000 (for someone who struggles to find £200 to spare!) and an amazing 100%+ a year (every Money manager in the world (even those older than 12 years old who work more than 10 minutes a day) would be knocking the door down to make half that) – Sorry we will stop now!
Towards the end of the sales copy it states that you will need about £250 “stake money”. We assume this is the minimum account balance required for the broker rather than the amount upon which the £2,000 a month is based! OK, we will definitely stop now!
A 30 Day Money back guarantee is provided (for the manual) but not for the (not life changing) £2,000 – £3,000 a month. Now, this may humble Guy even more (perhaps even insult) because £24,000 – £36,000 a year tax-free IS life changing for at least 75% of the population in the UK on the basis they would be doubling their income for less than 10 minutes effort a day. A saddening attitude from someone who feels respect is due to him because he has “been on TV”, “taught thousands of people to trade for a living, “shown them how to give up work and make five times the money from the comfort of their own homes”, written “top-selling books on trading” and advises”major stock exchanges”.
Having received the manual we can confirm that Turnaround Trader is nothing more than a basic Doji strategy which is traded on the Daily chart. It warrants us spending time on an official review as much as the author’s attitude to money and the sales copy warrant respect.
We hope you understand why we decided not to do an official review of this system – We do of course welcome comments from those who have used this system and are making £2,000 – £3,000 a month – Has it been life changing?