Piranha Profits Review
Adam Khoo of Piranha Profits did a pretty job in putting together a professional website and trading school for Forex and stocks trading.
Nonetheless, what he or his team will not show is their live trading performance because it does not exist.
A doctor performing surgery when he failed exams is definitely a No.
If you must spend money on trading education, make sure you’re not breaking the bank.
We’ve got some learning materials here which can be purchased for as little as $200 and you’ll be good to go.
Now, there’s no secret magic. Forget about trading gurus that use sweet words to sell snake oil.
Welcome to the Piranha Profits review.
PiranhaProfits.com is owned and operated by a stock trading educator, Adam Khoo.
Adam Khoo is allegedly a millionaire trader who has invested in the Forex and stock market for more than two decades.
He is peddling a secret stock trading strategy that has consistently beaten the performance of the S&P 500 index every year.
Sure, all of us would be interested in this one secret Adam is selling for $416.40.
If this is truly the case, then Adam Khoo should be reasonable enough to think that he can either keep the secret stock trading strategy to himself or sell it for a very very big price tag.
Piranha Profits also claims that they’ve enrolled 1,080 students from 62 countries to their stock and Forex trading courses.
Here, the owner of Piranha Profits is basically promoting the trading course.
You and me know that these figures can’t be verified. We must have third-party audited records from the company’s marketing department.
The trading school is allegedly going to teach students how to trade like a pro.
Adam wants to teach you how to become a consistently profitable trader.
All trading gurus says so.
But what happens to students who spend thousands of dollars on their trading courses and fancy indicators?
They fail, slip into depression and even contemplate suicide.
This Piranha Profits review investigates the track record of Adam Khoo, what he offers as well as the students he claims to have taught.
We’d like to know if there are real world examples of Piranha Profits students who are making consistent money trading the Forex and stock market.
Piranha Profits review
Trading educators are baffling.
Their salesmanship is startling.
That a trading educator wants to sell his secret trading strategy is something that leaves every sane mind wondering whether this magic strategy really works.
The reason for selling must be to make money.
This begs the question of whether the trading guru is really earning his living from a live trading account.
If a trading educator cannot make money consistently from trading, the next thing he can do is brand himself as a successful trader and then tout all kinds of magic trading secrets to the financially naive.
What exactly does Adam Khoo offer?
He offers 3 types of trading products:
- Piranha Profits Profit Snapper stock trading course $416.40
- Piranha Profits Pip Fisher $416.40
- Value Momentum Investing course: Whale Investor $506.40
Adam tells his audience that he is primarily trading the US stock market and that some of his students have implemented his strategy on other markets with equal success.
The first two courses are made of 8 and 10 video tutorials.
Alongside these video tutorials, Adam is also offering his proprietary trading tools worth $350 and $500 respectively.
There’s no addition subscription fees to gain access to these trading tools.
Students can also download notes and receive dedicated support from Adam and his team.
Piranha Profits is offering a trade alert feature for the first 3 months, free of charge.
He claims that many of the students are busy and this trade alert tool ensures that they never miss a trade.
The courses teach the following:
Technical analysis, position sizing, psychology of winning traders, charting and brokerage platform, developing a trading plan, risk and money management.
Profit Snapper teaches how to protect your profits.
Adam also claims that Bounce system is one of the trading strategies that all students of all levels can use to make money consistently.
The frustrated professional and the retired
Adam Khoo of Piranha Profits knows very well that this category of people are frustrated with the high cost of living and the prospects of retiring broke.
Adam claims that Whale Investor is a stock trading course that will teach students how to make their first million dollar portfolio from an average income.
Students are going to invest only 10% of their income.
Adam has allegedly found a simple to follow 7 step formula for picking 90% win rate investment portfolio.
He claims to teach how to find the top 1% undervalued stocks at the cheapest price.
Everything in this course is promoted based on the secret that students must learn to become millionaires.
The good and the ugly side
Piranha Profits courses appears to be helpful based on the promotional statements on their website.
Compared to Van Tharp courses, I can say that this trading school is way cheaper to attend.
And of course we appreciate the effort and time it took to compile this material together.
But we must get to the bottom line of this:
All of us would like to be taught by someone who has a track record of trading success.
We don’t want to be deceived that trading is easy.
We don’t want to be overwhelmed with aggressive promotion.
We want to learn under someone who has a real live account and not simulated trading account.
Does Adam Khoo fulfill any of these criteria?
The answer is a big fat No!
So again, the bottom line is that if we can’t find proof of live trading, then it is as good as undergoing surgery in the hands of a doctor who failed exams.
Adam Khoo of Piranha Profits does not have a record of successful trading.
I’m sure he will bast in anger when he reads this review.
If he is the gentleman he proclaims to be in his marketing videos, he will probably send me an email to make some clarifications.
But if he is like one of those fake trading gurus, he will act like a caged tiger who has been poked with a stick.
He will create drama in the comment section of this Piranha Profits review.
But you all agree with me that in as much as I’ve tried my level best to shade some light on what this trading school offers, the part that says “show us your redacted broker statement for the last 2 months” was not represented very well.
Unless Adam and his team can show us successful trading and earnings on a live account (not a simulated account) for at least one month, we’ll stay away from this trading school for good.
Thank you for reading this Piranha Profits review.
Leave your comments if you would like to say something.