The most fundamental different between E2T and others such as TST is there business model.. E2T model is set to generate revenue from alot of traders (like a traditional prop firm or hedge fund) - whereas the TST model is generating income from monthly fees .. that simple - TST is solely a marketing firm to garner profit from marketing (not the markets)..
And why both can't be a scam? "Hedge fund" without proper regulation, trading CFDs is quite unlikely to become the trusted investment space.
I've been reading this thread (9 pages so far) and I have to giv u credit for answering every question so far w/ details. 1) Trying to get clarity on the relationship between Helios and E2T and correct me if I'm misinterpreting what E2T does. You're basically an education company and your revenue is from training potential full-time traders, correct? 2) The added benefit of E2T's services is that you link up w/ Helios via the Gauntlet, and they have guidelines(previously mentioned) as to who they'll accept to be funded at their firm, correct? 3) The questions about funding, costs of trading (platforms & brokerage fees, etc) should be geared towards Helios, correct? 4) If my understanding is correct and since your market is newbies and potential future traders, I would recommending a way to reduce barriers to entry ($2.4k for training, $349 for gauntlet, plus min. funding requirements by Helios $12k-$15k). I'm estimating here but it comes out to around $20-$22k. The training is about 25% of the costs w/ no guarantees. That's hefty. Thx!
Hello! Earn2Trade is both an education company and a recruitment firm that puts traders through simulated paper trading challenges with the goal of becoming a professional trader for a prop firm. While we do currently refer traders over to Helios, we're working to get other firms connected to us as well. We are happy to answer any questions we can about funding with them and the costs of trading. Regarding our costs, currently the bootcamp is about 10% the cost of funding a $25,000 account yourself. We are looking to reduce the cost of the Bootcamp in the coming months. For those traders who already believe they have a successful strategy, the barrier to entry is much lower ($349).
If you can't make money from trading, you start to teach others how to trade. When it comes to trading, the time you can spend on developing real strategies and putting them into work can't be less valuable that if you spend it on teaching others. Would you spend your time on something less valuable? That tells us all.
I was thinking like you, but not anymore. When I started to learn, I learned everything on my own. In hindsight I realized that I was lucky. Although lucky is not really correct. What I mean is that from start I started with the right approach to become successful. Starting with the right approach was my "luck". I could have started with a wrong approach too. But in the past years I saw a few friends try to do the same. They failed, and when they told me how they started I saw essential errors in their approach that were (might have been, as you are never sure) responsible for the failure. Following a initiation course might have shown then, the right track to start. So I think following a course can help you at start, but they will never teach you a system to become a millionaire. That work you will have to do on your own. If you want to become a good carpenter but hold your hammer upside down from start, you will get in problems. The same applies for traders with the only difference that for a trader that starts it is very difficult to know if the road he is following is the correct one. He can study for years to find out he was wrong from start, or he can find out that it was the good way but hard to solve the encoutered problems. So if a trader encouters a problem it can mean two things: he should solve this problem, but he is on the right track he should start from scratch again as it was a dead end But how can he know what the exact problem is? There an initiating course might help, but that is even not sure, as in trading there are no certainties.
In this case go to university which gives good technical background. This is the only right theory which will help you to trade later. Without math or programming skills no serious prop firm will hire you as intern where you can get genuine experience.