Thanks for reading today’s review of TradingTraders.com
TrainingTraders.com is a website offering variety of day trading courses, software, mentorship, live day trading room, and automated day trading money management services. The owner of the company is Mahmoud Baghdady (aka Mike Baghdady), with a last know address out of Bronx, New York. A quick look at the website reveals that the company keeps a mailing address in Cyprus. A review of the address in Cypress business maps, reveals that there is no actual business at this location. Rather, this appears to be a random address that was generated in order to perhaps collect mail or give the appearance of a physical location in Cyprus. The Cyprian government keeps an official registry of businesses that can be searched and researched at the following web link, unfortunately nothing can be found regarding Trading Traders, or Mr. Baghdady. I sent an email to Mr. Baghdady requesting clarification on the Cyprian address, thus far I have received no reply. Lets now take a look at the products and services currently being offered by TrainingTraders.com.
Training Traders Product Offering
TradingTraders.com offers the following products and services:
- An apprentice program at $50,000 per person
- One hour coaching call at $150 per hour
- Professional Trading Room at $99 per month
- Wealth Generation Course at $2,499
- Day Trading Course at $2,499
- Wealth Generation Software at $9,997
- Day Trading Software at $4,997
- Forex Day Trading Signal Service at $99 per month
With such a wide and diverse product offering, what I really wanted to know was whether Mr. Baghdady would be willing to disclose his personal trading performance, and I next reached out to Mr. Bagdady using two identities. The first identity was (The Sheep) email where I describe myself as a retired person looking to learn how to trade, and that I had money to spend. I call this “The Sheep” email because the vendor will quickly identify this person as an easy target. Sure enough, Mr. Bagdady responded quickly. I asked about his personal trading performance and he gave the following response, “I won the World Of Trading, live trading competition in Frankfurt in 2009”. I asked if he would be willing to share his trading record with his trading room, his Forex signal service, or a record of trades from his live trading room. He refused.
Next, I sent “The Lion” email, where I identify myself as Emmett Moore with TradingSchools.org and that I was looking to write a review based upon prior trading performance and trading histories. Once he discovered that a Lion was at his door, he went dead silent and refused to engage whatsoever. However, when portraying myself as “The Sheep”, he is more than willing to engage.
This exchange of messages, the lack of transparency, and the fake address in Cyprus certainly worried me. And so I decided to dig deeper and research the history of Mike Baghdady.
The Long and Sad History of Mike Baghdady
Mike Baghdady has been selling trading education for a very long time. It appears that he began with a day trading education business in 2010 named Spyglass Trading that was closed down in 2012. Next, he created another trading educational company named New Turtle Traders that was closed down in 2013. It appears that Training Traders is the latest and greatest offering of Mike Baghdady.
A simple Google search of different variations of his prior and current business reveals a wide a varied stream of innuendo, complaints and praise, and differing opinions. This was not very helpful, so I next started calling around to my broker contacts in the industry and asked if anyone had heard of Mike Baghdady. I got a major hit with Robbins Futures out of Chicago. Many people are very familiar with Robbins Futures, as they are the originators of the World Cup Trading Championships. I would consider Robbins Trading to be highly reputable.
Apparently several years ago, Mr. Baghdady blew up his trading account and left an unpaid account balance that Robbins Trading has to pay on Mike Baghdady’s behalf. Robbins Trading had nothing nice to say about Mike Bagdady and likened trusting Mr. Baghdady to “trusting a hungry pack of hyenas to provide babysitting services to a newborn baby”.
More research concludes that Mr. Baghdady filed bankruptcy in 2010 and left many people with some very large debts. Please review the following screen shots…
This information begs the question as to whether anyone should be paying Mr. Baghdady for financial advice. In particular, how would anyone give this person $50,000 to join his apprentice program?
Aside from Mr. Bagdady projecting himself as a expert trader with many years of experience, he also makes some pretty outrageous claims of regarding his client list. He claims that he is training traders for some of the largest institutions in the world. Have a look at the following screen shot of his supposed client list…
I don’t know about you, but I am having a very hard time believing that any institution, such as JPMorganChase, UBS, Bank Of America, Citibank, or Barclays Capital would entrust a person to train it traders, that is currently being actively pursued by Robbins Trading for a $600,000 trading debt.
Of course, you can attempt to ask Mr. Bagdady about this, and he will simply ignore any requests for more information. In fact, the only way to reliably reach Mr. Baghdady is to portray yourself as an elderly retiree that needs help learning how to trade, and has plenty of money to spend. Is is no wonder why so many people lose money at the game of trading? Perhaps because they are putting their trust and faith in a person that cannot even open a trading account.
Cannot open a futures trading account? Yes. Whenever a futures FCM (Futures Commodity Merchant) opens a new trading account, they first check a database for bad actors that have burned other brokers. Mr. Bagdady has absolutely zero chance of ever getting approved for a futures trading account with any United States based FCM. Perhaps this explains why he is now a trading educator. The timeline matches with the bankruptcy filing in 2010.
Wrapping Things Up
For this review, I think that it is important to note that I did offer that Mr. Baghdady the opportunity to participate in The Robot trade tracking program, but he refused to even acknowledge the request. Not surprising.
Well that’s it for today. Sorry for yet another trading educator with absolutely zero proof of any prior trading success, and long and depressing history of financial failures. Thanks for reading and do not forget to write your comments and questions below. Even the haters and trolls will find a home here.