My trading school reviews
Initially I was impressed with the educational side of the service, and my expectations were quite high. It all seemed rather good. However as they struggled to string any sort of results together my opinion began to change.
However, as the poor results continued I began to suspect more and more members were leaving. They had a good effort at trying to hide this from us with such tactics as hiding the list of members in the live room, deleting unhappy posts from the blog, and even for a period stopping the live rooms altogether. As a business we have always positioned ourselves primarily as an education service first, with a few trade ideas to support the education.
As forexstudent states, the education is very good, and currently comprises of an 85 page ebook which includes our strategies, educational materials and much more, over 25 online videos, MT4 templates for currencies, indices and commodities, risk calculators and hundreds of blog posts for clients to review.
We are going back to what we know worked well and profitably — intra-day trades on fewer markets and focusing on the London Open, with a live trading feed via RSS so that clients can get a delivery of our thoughts on the markets in real time. Ultimately we only get paid our monthly fee if we perform. Just like to back up what Forexstudent said, the FX service cost me a lot of money, with fees etc, was poorly run, and even the owners could not make their strategies work, and when they did, they were poorly managed.
The only decent trader they had left the company. With regard to the above post, the owner had the opportunity to show how he could perform on an intraday level via his Automated trading service, but still lost money on this. I could add much more, but I wont. I can only echo what Forex student has already said.
Like him I handed over a small fortune in subs just to end up losing money every month. Yes there is lots of educational material but what is the point spending time trying to learn it if the people that wrote it are incapable of making a profit using the methods themselves. During my months with Forex he did pick out some good trade entries but his trade management was shocking and he continually lost his bottle and closed out positions too quickly as soon as they went against him rather than sticking to his original trade plan.
This more than anything else was where I lost complete confidence in the service. It was really amateurish trading. The basis of their trading style is trading break outs but they were more often than not just trading fake outs with there entries being far too obvious and inevitably in places that the market would shake them out.
I really wanted to learn the basics of Forex trading and not just receive daily tips with no idea what it all meant. So when I had a chat with the vendor and he explained their focus was on teaching ordinary people how to trade and then supporting them day-to-day to make their own trades, I knew this was the right service for me.
This was good advice as knowing the theory is just not enough, you must have visceral experience of putting a trade in the market and watching it go into profit, then out of profit and testing your base emotions of fear and greed to either stay in the market or get out. When I started trading with my own money it was even more intense; trading is mainly about your own psychology and managing your emotions.
I experienced many highs and lows but with the vendors help and support I started to get the hang of trading. I was following a few other services that offered direct tips of trades by then and most of them where making big losses. To the vendors credit he took a cautious line and kept us out of the market most of the time but inevitably this lead to lower returns and some months of small losses.
I feel trading Forex and Commodities is one of the most challenging ways I have tried to make money and so I am very glad I had the vendors experience and support to guide me through my first steps into the trading world. So in balance I feel Forex offers a good supportive educational service and will help you navigate the choppy waters of the current financial marketplace. I hear they are going performance related this month and will probably join back up again soon.
I was about to subscribe to Forex however I am shocked by the bad reviews in general of this company in this Forum. However all these comments are from 1 year ago. Would be someone out there that would have more recent views? Systems For Traders Forex Review. Viewing 3 posts - 1 through 3 of 3 total. How long should I do it for 60 seconds or 30 minutes?
I would like you to mentor on properly analyzing the movement of assets before committing to a position. Good Day Scott Kindly advise on your method as well as the disadvantages. I am eager to learn! Hi Scott, very impressed with your article.
Thanks hope to hear from you. Paul here hows it going? I really would like to get into this making money game I have worked my ass of since the age of 16 and iam 30 this year and to be honest im sick of it lol!
For me Olymptrade is a software that helps make good money if you've got relevant experience and knowledge. It's convenient to work here, plus, the platform has all the tools for confortable trading, including technical analysis. There are plenty of assets and no problems with money withdrawals.
You will receive detailed instructions to your email. Make money in three easy steps! Try out the strategy with a demoversion: This broker is ideal for beginners who want to start with a low deposit. A basic robot that allows you to trade binary options automatically even if you are a beginner. Trying demo on the iq trading. Load more comments All comments on new page. The website where you trade. Please verify your email address.
Life is too short to be poor.