Hey everyone, I am new here and I would like to know if ANYONE has a traderoom to recommend for the eminis and/or forex that is led by a true experienced, consistently profitable, lead trader. PLease back it up with a posting of your account statement. I checked out Trade the Markets, KWIK pop. The puretick guys got alot of hate comments in here and the 40 tic stop on the ym is not for me but maybe it works long term. Does anyone have any experience with Millinum Traders? IFUND stock traders? Zone Trader Pro? ATW with Andy Carlson? Trade Bond Futures with JAck Bronz, The Trading Authority, The Trading Zone? Dude list goes on and on as you all know. I just gotta believe that there are a few good LEAD Traders out there who know how to make a living trading and are willing to train others for a fee, and are not just selling software and friggin indicators. If anyone wants to team up with me and explore and investigate a few highly recomended rooms to see if they will disclose their account statements or is a member of a consistently successful room and wants to share their account statement, PLease let me know. I would REALLY Appricate your help!!! Thanks Dean
First of all, the prevailing commentary to newbies on ET who ask about trading systems or rooms seems to be a lot of this: 1) if it works, why would they need to sell it? (--- which has some merit, but some people are more like system creators or programmers rather than traders. Or they have a system, and do not have the money to seriously start.) 2) 99% of them don't work, so what are your chances that you pick the one that does before you run out of money? 3) Some people who will say "PM me" or tell you about their own systems. In this case, see 2) 4) training for a fee (mentoring) -- if it is affordable, it is very likely it doesn't work. Few successful traders are willing to sell hard-earned edges for your $2,000. -- like 2), how do you tell which of the 1% of successful mentors/traders from the charlatans? -- it is very likely you can be taught everything about a successful methods, and still lose. 5) learn price action, which is likely to take many thousands of hours in front of a few monitors. 6) indicators, TA or other charting methods coupled with lots of back testing. (-- Many in 5) think this is not the way to go) 7) you need to spend a lot of time on ET or other forums, ask questions, study what others have said, pick up clues and cues, and learn how to trade
First of all, the prevailing commentary to newbies on ET who ask about trading systems or rooms seems to be a lot of this: 1) if it works, why would they need to sell it? (--- which has some merit, but some people are more like system creators or programmers rather than traders. Or they have a system, and do not have the money to seriously start.) 2) 99% of them don't work, so what are your chances that you pick the one that does before you run out of money? 3) Some people who will say "PM me" or tell you about their own systems. In this case, see 2) 4) training for a fee (mentoring) -- if it is affordable, it is very likely it doesn't work. Few successful traders are willing to sell hard-earned edges for your $2,000. -- like 2), how do you tell which of the 1% of successful mentors/traders from the charlatans? -- it is very likely you can be taught everything about a successful methods, and still lose. 5) learn price action, which is likely to take many thousands of hours in front of a few monitors. 6) indicators, TA or other charting methods coupled with lots of back testing. (-- Many in 5) think this is not the way to go) 7) you need to spend a lot of time on ET or other forums, ask questions, study what others have said, pick up clues and cues, and learn how to trade ------------ off hand, millennium-traders is notorious for posting the max amount of possible profit per trade, which you of course cannot know. And very likely after fees, commissions and their monthly charge (+ the value of your time), you are unlikely to profit. Further, you can do a search on systems like this on ET, and you may get some comments on it from the past.