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If you are worried about the future and how much money you have in your retirement savings, you are certainly not alone. In your quest to improve your financial outlook, you have likely encountered a company called Petra Picks.
In this Petra Picks review, we will answer some of the top questions people have about this business.
What kind of company is Petra Picks? Is it a scam? Who is this company best for? Is the Power Trading System worth the cost? You will find all this out in our recently updated Petra Picks review.
Petra Picks aims to teach people how to make money by trading stocks. They promise to help users learn stock trading within four weeks on the trading platform. Will you experience stock trading success?
Although they train you in stock trading, they do not trade for you. You must open your own broker account and trade alone. Petra Picks says if you use what you have learned, you will be successful at starting to make money with stock trading.
Raging Bull Investment, a parent company, owns Petra Picks. Petra Hess is the founder and CEO of the company.
Petra Hess is a professional stock trader with immense experience. When Petra Hess made her first million, she decided to invest in stocks to help her wealth grow.
Petra Hess is a smart businesswoman, but is she trustworthy? Search Petra Hess in any search engine, and your results may surprise you.
We had difficulty finding customer reviews on the major consumer rating sites we frequent. No profile was on the Better Business Bureau, Business Consumer Alliance, or even Google.
We did find a scathing review on Trustpilot. The company has not claimed its profile or bothered responding to the accusations. Even Petra Hess has yet to comment.
In the Picks review, the customer accuses Jason Bond and Jeff Bishop, the Raging Bull owners of Petra Picks, of scamming customers. The customer states Petra Picks uses students to pump and dump stocks.
Pump and dump schemes are prevalent in the industry but are not used by reputable financial websites because they are illegal.
In this type of scam, the investment advisor will send out misleading information about stocks to create a buying frenzy. They will then sell their own stocks by dumping them as quickly as possible to make a profit from changes in the stock market.
If the people behind Petra Picks are guilty of this, we caution everyone to stay away! Pump and dump schemes are usually used to target micro or small-cap stocks. A successful stock trader should not use them.
We also have heard of accusations waged against Petra herself in a Petra Picks review. When Petra was involved in marketing cosmetics, a company owner accused her of defrauding over $700,000.
Trusting a company with this accusation lodged against them would be foolish. Is Petra Picks a scam?
In his Petra Picks review, one customer stated that he ordered the training course and was never given access. He has tried to get his money back, but the company refuses to budge, even though they admit he never received the training materials.
This looks like fraud to us! Be aware!
The following are some of the pros and cons of Petra Picks:
Pros
Cons
Petra Picks is a legit company. They are not a scam, at least on the surface.
They do offer market watch educational materials in exchange for money, but we are unsure of their behind-the-scenes practices. Could the owners of Raging Bull Investments be guilty of pumping and dumping schemes?
With the accusations above, we certainly have our doubts about Petra Picks. Continue reading to learn our final verdict. You should also know that Yahoo Finance does not speak highly of Petra’s Picks.
This is where we come to another problem. Petra Picks readily admits they are not registered as a securities broker/dealer.
Companies that offer financial advice are required to be registered. How can they teach you to trade successfully if they are unlicensed?
We are concerned because people could be in a financial crisis and fall for this program so they can learn stock trading skills. There are better ways to begin managing risk effectively.
If you read the website’s disclaimers, you may be concerned. The program heads admit they are not licensed or qualified to offer any financial advice.
Petra Picks even says you should assume all educational material on the website is untrustworthy and that users should verify the information with their own research.
Petra Picks has three levels of stock trading training. Each offers increasing value to students. If you are considering the Petra Picks program, survey the following options:
This is the basic level of the program. When you enroll in the gold program, you will have access to a stock watch list daily.
This list exposes you to the stocks being traded at any given moment. You must master this program if you want to achieve stock trading success.
You will also be given access to online and video training. Students in this program also receive text message alerts regarding buying and selling stocks.
With this level of training, you will be given access to video format stock watch lists, email alerts, and text message alerts. With the platinum level, you are also invited to participate in Petra’s live webinars periodically throughout the year. You will gain trading instincts with a proven system.
This training takes place over four weeks. The program covers a variety of topics, including the following:
If you are truly serious about making money trading, you should consider the Power Trading Program. This program gives you more bang for your buck.
Can you earn a million dollars? This remains to be seen. While the market leads could be promising, the underhanded approach is concerning.
Your tuition fees will depend on which training programs you select above. These tuition fees are due upfront, and you cannot pay them in partial payments. You cannot access sell alerts until you pay in full.
Once you pay your tuition fee, you CANNOT get your money back under any circumstances. Losing money is something no one wants to face.
The payment is final, and even if you attempt to cancel, you will lose money. Many educational programs offer a free trial period that allows for cancellation and refunds.
There is no Petra Picks refund policy because all sales are final. On top of the issues with no refund or cancellation policy, Petra Picks also auto-renews your monthly or annual subscription, depending on the level.
If you decide to cancel, you must talk to a customer representative at least two business days before the renewal. Again, once your credit card is billed, there is no going back, and you are stuck with the program, whether fair or not. Many people complain about this in their Picks review posts.
Petra Picks runs solid power trading programs with a fundamental foundation of knowledge. You will learn more as you progress through each stage of the program, especially regarding the technical analysis of stocks.
Petra promises to train her students in six months or less, depending on the training program they decide to pursue. We would be remiss to leave this information out in our Picks review.
Growing as a trader is your first stopping point. Here, you will learn the basics of stock trading and get your feet wet. Is this a proven path to stock buying?
Learning to trade stocks effectively takes time, so you should be prepared for patience. Learning takes time, but it is worthwhile if you are learning under an expert.
The Grow Your Income section takes you further into the program. Here, you will learn stock market insights and be given trading tools that are supposed to help you learn to master stock trading so you can grow your income.
Finally, you will begin to put all the fundamental basics into operation. Petra begins training students how to put everything they have learned into operation. You will discover how to increase your wealth and greatly reduce losses dramatically.
In our Petra Picks review summary, we wanted to present the facts. On the surface, this is a promising program. Petra Hess was a self-made millionaire by age 25, so why wouldn’t anyone want to learn her secrets? Can you achieve her net worth?
Although Petra Hess seems to be a respectable businesswoman, the accusations lodged against her are troubling. The amount of money being charged for the program is exorbitant based on the customer reviews we saw. Is she preying on people to increase her net worth? Why doesn’t she teach about precious metals?
Let’s face it. We would all like to be wealthy and never have to work a day in our lives, but is what Petra Picks offers going to be a waste of time and money? Will you really learn the meat of trading, or will you be served an unsatisfying appetizer?
We cannot recommend Petra Picks to our readers. Better educational opportunities exist, and we recommend doing your own research to discover the right training for you.
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