Worthy of Mention! Choosing my shortlist has been an interesting and time-consuming exercise. From the shortlist, I will compare and decide which course I will trial for the first 90-day challenge. I have decided that I will only choose Futures Trading Courses for my short-list for this Quest. One of the courses in my top 5 was a Forex course which is worthy of mentioning. It ticked a lot of the boxes and you can read belong my comments about the course. Tribe of Traders – Forex Website: https://www.tribeoftraders.com/ What they say about their Company: A Forex company based in London Trades and teaches 2 Semi-Automated Strategies Claim to achieve 74% Success rate consistently trading less than 30 mins per day Focused on Community, Education, Psychology, Money Management and Minimum Effective trading time Platform – MT4 If you use their Broker and are profitable then you may have an opportunity to become a Funded Trader 30-day Money-back Guarantee My Observations: Appear to be trustworthy and care about their community Strategies are simple and appear to have great results Students appear to get good results Easy to do and doesn’t take a lot of time. Initially, I would suggest 1 -2 hours per day (at most) Cost for their trading-business-in-a-box is approx 997 Pounds then 47 Pounds per month 30-day Money-back Guarantee – Not many trading companies are willing to offer a Guarantee! No obvious negatives as long as you want to trade Forex My Experience with this Company: I have followed this company for a couple of years Watched most of their interviews, videos, webinars and Facebook posts Have a basic understanding of how the systems work Have reviewed and tracked their system trades both live and backtested Resources Trading Nut interview with a student of Tribe of Traders Episode 154 https://tradingnut.com/goran-carlfors/ Two Trading Nut interviews with the creator of Tribe of Traders – Judy Van Niekirk https://tradingnut.com/judy-van-niekerk/ and https://tradingnut.com/judy-van-niekerk-money/ Facebook https://www.facebook.com/tribeoftraders/ The following resource is a free ebook which explains Forex vs Futures from an interesting perspective: Forex vs Futures – The Global Deception Continues by Lachlan Elsworth https://www.idta.com.au/i-love-trading/ Note: it requires you to enter your email address but is worth reading. Feedback If you have any experience with The Tribe of Traders then please let me know about both your good and bad experiences. If you have a course to recommend for the Challenge then please send through the details and I will look at it to see how it compares to the shortlist. Disclaimer I am not affiliated with any of these companies. Cheers Garry
I think the term "not a team sport " ,exemplifies at least, short term trading , in fact it's sort of the opposite , whereby the more players you have on your side the more likely you are to lose.
Trading Course Contender #1 The two trading course contenders are Futures Courses. From the shortlist, I will compare and decide which course I will trial for the first 90-day challenge. The first trading course contender is… IDTA International Day Traders Academy – Futures Website: https://www.idta.com.au What they say about their Company: A Futures trading company based in Australia and with students in over 21 countries Trades and teaches in 3 Live Trading Rooms, Online Courses and Live in House. Performance is posted on the website Appears to have Excellent results from students who are only trading 90 mins per day Focused on Community, Education, Psychology, Money Management, Minimum Effective trading time and the Business of Trading Platform – NT7 They have a number of free introductory webinars – Basic intro to IDTA and what they do, a more detailed Workshop on how they trade and a trial period in their Live Trading Room (currently during the European Open). The cost depends upon the course and package. Ranges from about $5000 – $20,000 AUD depending on the course. The most expensive is the Trading Business School – 12 month program. On-going monthly costs commence at the end of the package you purchase. Other on-going costs include software and LTR costs. All the courses include a Coaching component They are growing quickly and are innovative with ways to help students My Observations: Appear to be professional, genuine, trustworthy and care about their community Strategies are simple and appear to have great results with limited daily trading time After discussions with their students, a lot appears to get great results The live trading room (LTR) moderators are excellent, especially Lachy, who trades while he explains very clearly what, where and why he believes what is happening in the markets. His market calls are clear and in advance. I have been in many rooms and he is one of the best, if not the best You won’t be doing this alone … just the information in the Live Trading Rooms is a big asset I was impressed that some of the students outperform the moderator. The moderator is more concerned with the students understanding what is happening in the market than his own results. They have a Learning Pathway to take you from beginner to having your own trading business They lead by example – a number are living the laptop travel life, even Lachy who developed the system is traveling, trading and facilitating in the LTR. Showing it can be done! They are not pushy if you sign up for any of their free introductions The Risk to Reward can be quite high sometimes. They stress, to only trade within your risk limits The cost of the courses is higher than the average course but if you achieve some of the results that their students are achieving then the return on investment would be fantastic Response to recent world events and volatility: Results continue to be exceptional Commenced promotions on the use of Micro Instruments to limit risk Educating members on Health and Mindset in Challenging Times – 4 part online series My Experience with this Company: I have followed this company for a number of years Watched most of their videos, webinars, conferences and Facebook posts Have an understanding of how their systems work Know and followed a number of students who have had mixed results. Some fantastic but others only break even The results over the last year have been incredible for a lot of their students and they make it usually in 90 mins of trading The cost of the courses is higher than the average course in the industry In the last couple of years, the company appears to be getting much better results Resources IDTA – Online Free Worshop https://www.idta.com.au/workshop IDTA – Live On Demand Introductory webinar https://www.idta.com.au/on-demand Live Trading Room – Trading Performance https://www.idta.com.au/category/members-performance/ Live Trading Room Tour https://www.idta.com.au/live-trading-room/ Feedback If you have any experience with IDTA then please let me know about both your good and bad experiences. If you have a course to recommend for the Challenge then please send through the details and I will look at it to see how it compares to the shortlist. Disclaimer I am not affiliated with any of these companies.
The main thing is to be careful, the courses are always good, it is obvious that you will get new knowledge and you will have some new experience, but on the other hand it is very important that you do not lose vigilance and objectively treat the information that you will receive. In fact, even a lot of experience is not always good, because the market as a moving structure is constantly changing, which means that the methods of analysis, which were relevant and in demand a few years ago, today can be absolutely inoperative. Therefore, of course we should not forget about the classical canons, but at the same time pay attention to new concepts that allow us to catch even minor changes in the market. In any case, it will be interesting, and I think that it is the time frame that turns a dream into a real goal, and of course do not neglect the strong capital, I think you know how it can help in a difficult or unforeseen situation ...
Hi Hellbringer, Thanks for your comments. Part of my research has been to see how a company evolves with the changing markets. Cheers Garry
Trading Course Contender #2 The second and final contender for my first 90-day Challenge I will now compare the two contenders and decide which I believe will help me on my journey to profitability. In no particular order – The second trading course is… Apex Investing – Futures Website: https://apexinvesting.com/bootcamp/ What they say about their Company: Predominantly a Futures trading company based in the US Trades and teaches in 1 Live Trading Room which is open 24 x 7, Online Courses, Skype mentor rooms, regular webinars, and Facebook group 2 Moderators, trade, call and discuss the trades when appropriate. They are in the live room from 9:30 EST until at least 11:00 am. Free Sniper Trading Bootcamp (no Credit card) with access to course, training, tools, indicators and trading room. Free for 30 days than currently only $1 for the next 30 days. The Bootcamp is structured to give you all the tools and support to be successful Appears to have Excellent results from students Focused on making the trading as easy possible for the students, Making 3 profitable trades and finishing for the day, Community and regular Education Recently introduced a Semi-automated Trade Assistant Platform – NT7 The Sniper Bootcamp focuses on trading the NQ but the methodology can work on any market After your first 30 days (free) and your next 30 days(currently $1) then the cost depends upon the plan. Plans are Sniper, Gold or Platinum and you can pay monthly, annual or lifetime. The starting costs are Monthly $200 pm, Annual $2000 or Lifetime $4000. The lifetime is definitely the best value. The Bootcamp is for everyone from beginner to experienced Support is excellent They are growing quickly and are innovative with ways to help students My Observations: Appear to be very knowledgeable, genuine, trustworthy and care about their students being profitable Darrell, who is the owner of the business makes some very large trades with this method Trade setups are easy but need practice You must understand the rules as others in the rooms may not be following the rules In an effort to make the system easier they regularly slightly modify the rules to some setups – this can be good and bad. I appreciate why they do it. Students have commented that the current system that Apex is using, is the best system Apex have had Students appear to achieve their goals quickly at the start of the US open The cost, the length of the trial and what you receive is very unusual in the trading industry The cost after the trial is very reasonable Response to recent world events and volatility: Results continue to be exceptional They have changed the market that they focus on due to the increased volatility. They now recommend ES (mini) or the MES (micro) as the main market to start with. I am really impressed by how they make it so you can try and trade their system for very little money upfront or when you start trading. A lot of people do not have the money at present and this solution is very viable. Basically, you could start testing and trading this method for Free in month 1. In Month 2 it will cost $1 for all the tools and support. If you are confident and/or didn’t want to risk your own capital, you could sign up with a Funding Company that Apex has just partnered with. This will allow you to pass a trading test which requires you to trade a minimum of 10 days and reach a profit goal based on the package you purchase. $160 for 30 days, would allow you to trade with up to 8 contracts and the target is $3000. After you pass the test the only cost is approx $90 per month. They pay you 100% for the first $8000 profit you make and then 80%. If you are with them after 1 year then the profit share to you is 90% The rules that the Funding Company is basically only 1 rule. Nothing like the other Funding Companies that seem to want to fail you and have many rules. My Experience with this Company: I signed up for some information about this company in 2014, but didn’t remember it until I was talking to the owner Had discussions with the Owner and he happily answered all my questions Watched most of their videos, webinars and Facebook posts Have an understanding of how their system work Followed and discussed results with several of their students. All positive comments. The results vary but generally achieving 60 – 90% wins. Resources Apex Sniper Bootcamp Info and Video https://apexinvesting.com/bootcamp/ APEX Investing Facebook https://www.facebook.com/apexinvesting/ Feedback If you have any experience with APEX Investing, especially the new Sniper Bootcamp then please let me know about both your good and bad experiences. If you have a course to recommend for the Challenge then please send through the details and I will look at it to see how it compares to the shortlist. Disclaimer I am not affiliated with any of these companies.
Just two!? Nice write ups. Personally, I am very sceptical of any courses that rely heavily on proprietary software/indicators. I feel like it's a trap to get people addicted to following signals rather than teaching how to trade. But these don't have to be mutually exclusive. May I ask how you were able to find and interview clients and why do you trust them? You said that some had better performance than the moderators, how can you tell?
Hi qlai, Yes, I narrowed it down to the best two that ticked the boxes. It takes a lot of time to gather the information and sort the truth from ... It is amazing how easy it is to find their clients and how also amazing how much they want to share their experience with someone who is interested. I went to one conference for a trading company and I asked everyone who I could talk to about the course and company. Over 70 % of the people said that they were not profitable but the best part was that they blamed themselves and not the course. I didn't add this company to my top 5. I will leave the pros and cons of prop software/indicators to another post. Most of the companies I look at use the prop software to make it easier to trade. Cheers Garry
Garry, I’ll be very interested to hear how your experiment goes, and your insights and experiences should be very interesting. I do share some of qlai’s skepticism, but am also intrigued. I’ve been trading in the options world and now am interested in integrating futures trading with some of my options strategies. I look forward to tagging along for this journey. Also, any tips & resources, as I do my own research / testing strategies in trading futures, would be appreciated. All the best,