I attended the free course last night, and I've got to say I've never been more sceptical about anything since hearing about Elvis being found alive and well on a bus on the moon.
From his sales technique, I would wager that Darren Winter's background is in door to door sales rather than the stock exchange. (buy it right this minute, love, the price is going up tomorrow, it's a bargain...)
My suspicions were aroused when he told us that he'd studied with many successful traders by 'working for them for free'. I imagine the saving of £100 a day for a temp made a big difference to those guys...
My suspicions were confirmed when the core of his technique came to light. Basically, he draws lines through graphs. His first one is the 'double bottom', where he tells us his rule that if a stock goes down then up, then down to the first level, then the next thing is it will go up. Like where's the empirical basis for that? If you look at any stock graph, that doesn't actually happen.
He then covers that up, by showing us a whole load of graph shapes, and saying that any one of these is what's happening. You just have to match the shape to the stock graph you're looking at. Well, yes, but you can only do that with hindsight, as you don't know which way the line is going to curve next. And if you have hindsight, you don't need a formula.
He keeps on about how simple it is, and how everyone can do it. Let's assume that this part is true, and let's also suppose that the many professional traders out there are not completely ignorant, and so have gotten wind of Darren's technique. (This much he'd confirm; he claims to have trained many of them.) Wouldn't that volume of capital waiting to pick up a share that falls below £x, knock the price above £x every time it teetered below.
He also got a write up in the guardian, and it shows that he told one or two porkies:
http://money.guardian.co.uk/print/0,3858,4500417-110138,00.html
You've got to wonder, if he's so desperate that he had to tell lies to get people to sign up to his £3100 course, he probably isn't making all that much from his trading activities. And if he can't make it work, what chance do you have?
Incidently, his technique is very very different from that of Warren Buffet; which is surprising if he studied with him. Maybe you're better off reading about Buffy's success instead - you know that Buffet's genuine.