Yes! It's all about selling the dream. LOL. The ones getting rich in this industry are those providing infrastructure, services and courses. Only the very select few are making any money on (short-term) trading. And those few ain't likely to be selling courses. You've done very well understanding this so quickly in your journey (which I recommend you abandon and invest your money instead). Curious about that Anders clown, though. Complete scam or what? He shows up in my Instagram feed and I believe he's from Norway (my native country). Looks like a 100 % scam. Thank you. Good stuff. I do like to give a select few the benefit of doubt, but it's only that. Benefit of doubt. Most people fall through when you start looking into them further. I never bothered to look deeply into Tom. No need to either. But the little I saw of his "methodology" seemed like basic crappy TA with zero edge that impresses only the most green of newbies. More like trading by the seat of your pants and hoping something sticks.
Thanks, hope its useful to some on here! Yes the Anders trading clown is another scammer. Seriously, anyone on Instagram/YT/FB/Tiktok shilling courses and signals is a total scam. Multiply the probability of this by 1000 if they are bragging of their lifestyle as well. A quick snippet from Anders tradings reviews https://uk.trustpilot.com/review/anders-trading.com?stars=1 ///////////////////////////////////////////////////Beware! Run! Save your money! Beware! Run! Save your money! This man is a self-promoting egotistical narcissistic liar! (half truths are lies when designed to mislead) Enticed by the endless Instagram self-promotion and seeing no obvious way this could be a scam, I started following his trades at the end of May 2024. Three months later he had lost me £1,000! After a couple of weeks when I messaged him for an explanation for the endless losses he responded that it was a long term game with ups and downs. So I hung in there, hoping that eventually things would turn around. Sadly not and my whole £1k is now gone. He's delusional and destructive! ////////////////////////////////////////////////////////////////////////////// 98% loss rate! Avoid!! Terrible signals. 98% loss rate. €1000 gone in 3 weeks. Save your money!! Lost all confidence in any signals so left the group and will not use or recommend anyone uses AndersTrading! AVOID! Date of experience: 26 August 2024 /////////////////////////////////////////////////////////////////////////////// Really bad experience.. Really bad experience... Have taken all his trades (except maybee one or two) for 7 weeks. Started with 1000€, now at a loss of 45%. Long bad string of losses... Yeah, it is a long term game sure. But my picture right now is that what is promised by Anders is a far cry from reality, and nowhere near "win rate" in comersials. I can not recommend this. Date of experience: 28 August 2024 //////////////////////////////////////////////////////////////////////////////// He’s not a trader!! Don’t fall for it! Paid comments and reviews!! Being very honest, Anders not a trader, he’s running a business model.Just a show off guy with luxury rented stuff. A trader is someone who understands the trend of market by technical analysis and fundamentals for the direction of market. This man “Anders” does not know any trend of the market. Rather he typically send blind signals in the telegram group where 8/10 will be lost by 100%. Where by the other 2 trades will run by purely luck basis or sideways market(no movement market )ie.,10-20pips move and he projects this a a great profits. All the likes and comments that we all see on his instagram and fb posts are not real, once he posted a post he will share the link in telegram group and asks people to like and comment so that he pay them money. If you don’t believe go check out his posts few will have less than 20 comments while some has 200+ comments. All reviews and comments are completely paid. His broker spreads are at another level scam, basically he and his broker earn money by make you join with them and sending bad signals in the group so that you lose money and he will get paid a percentage of share from it. Protect your hard earned money! And learn by your self there are lot of courses in web and youtube /////////////////////////////////////////////////////////////////////////////////////// and so it goes on.... Of all the courses I have looked over I would say that for new or even intermediate traders the Axia futures courses are decent. I'm sure there are others, I just havent found them yet.... Anyone hoping to get rich from CFD trading is in for an expensive surprise. Learn futures is my advice and don't waste your time and money on CFDs or fake guru candlestick courses.
I have been following Tom on and off for a while but not his trades. he has just released software that automatically trades against his set strategies. This software is linked to his broker so you have to use the same broker if you want to have the automated software I think he is legit enough. he has 10s of thousands of telegram subscribers and never charged anything. He could have made everyone pay £1 a month and would have had a great income. the software and link to his broker however doesn’t seem as legit!!
I wonder if you were the gentleman sat at the backrow, more keen on watching the cake tray than the 430 page PowerPoint presentation I went through, with all my setups, complete with all the statistical documentation. I imagine you were. But I will give you a FULL refund, if you email me, and you can even keep all the material I sent you. BIG HUG CAKE LOVER
Lol that says it all... An auto follower for candlestick trades with a bucket shop Bahamas registered broker, what could possibly go wrong! It sounds totally legit... sure.
Retail trading is not a lie or false. However trading isn't as simple as just trying to copy someone, that will most likely never work. That's not just being sold a dream, but also extreme naivety on your end. If it was that easy, everyone would be doing it and everyone would be a happy millionaire. Trading takes a lot of hard work, persistence and dedication and even then you might never make it to profitability, it's not for everyone. This summed it up nicely: As a trader you can open an account in hours or days and people really expect to see great results from the start. In every other industry you need years of education before you are even allowed to do anything yourself, under strict supervision, while arguably trading is even more difficult. So it's not that it's a lie or false, it's the retail traders approach that's garbage and sets them up for failure before they even started. There are plenty of examples on this forum, such as Padutrader and SimpleMeLike, who keep making the same mistakes and keep failing over and over again, even after years of trying.
I will just offer some advice. It's not just that trading is hard and that the gurus are full of it. It comes down to the fact that trading is a very secretive business, at every level, and especially at the highest levels. Traders, quants, support staff, and other roles in S&T all sign non disclosure agreements, have coercive compensation structures, and in many cases are heavily invested in their status, position, and reputation above all. They will not risk being sued by bank lawyers just to educate wanna be traders. Most likely, the're already rich from their banking gigs anyway. The truth is that most of trading centers around the investment banks, as they are involved in almost every market and have all the biggest clients. Nearly every trade you will ever enter into as a retail trader will involve you being a party to their business in one way or another. To put this simply, if you want "edge" then you need to learn about what advantages are out there that you as a retail trader do not have access to. You need to be able to answer questions like, how do pro futures traders get around and even take advantage of "negative edge" or like how do those with options expertise find better R:R and exposures relative to the heat they're taking. You just need to be honest with yourself about how good are your fills relative to other market participants. If you're getting filled at weak prices and quotes are sweeping through your stops all the time, there are too many participants in the market with too similar of a position as you. It's that simple. You were lured into a trap designed to rope in algo traders on as many timeframes as possible. You want your position to be relatively unharmed, even while the rest are getting skinned alive. It sounds ruthless, and it is. Trust me when I tell you, the banks do NOT want you to understand their business. And for good reason.