Schneider tradercourse

Hi all

Has anyone done the course?

20 days for £3519.13 seems almost too good to be true. Anyone here who has actually been on it care to talk? PM me if you want.

Any thoughts?

FIM

depends what they plan to teach you.

if its bund/bobl spreading & calendar spreads, you may find such strategies difficult to implement profitably outside of an arcade environment.

i think there was another thread on this subject already, maybe do a search for it? somewhere in this same forum i think

Could you explain what you mean by too good to be true?

PualoP said:

Could you explain what you mean by too good to be true?

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PauloP, in this day and age of having dodgy seminar salesmen trying to sell you very overpriced courses (sometimes the information is pretty good but certainly not worth the cost they are charging) I was wondering if there were any catches or what one would get for their money.

Arbitrageur said:

depends what they plan to teach you.

if its bund/bobl spreading & calendar spreads, you may find such strategies difficult to implement profitably outside of an arcade environment.

i think there was another thread on this subject already, maybe do a search for it? somewhere in this same forum i think

Click to expand...

Hi Arb

I went to the presentation on the seminar. It was interesting but they were a wee bit vague on the exact structure.

The info I got was:

It is meant to take a beginner with no experience and get them to a level where they are comfortably trading futures.
Basically it's 20 days of 6am starts to 6pm.
You do technical analysis, market fundamentals, psychology/peak performance, trading as a business so a plan from end to end.

The gist of what markets you would trade was based on your 'personality' and on how often you wanted to trade and your capital. It's not a one size fit's all strategy. It looked like they will cover calender spreads amongst others.

In the last week you will be able to trade live with their money and they absorb the losses (they don't give you much). Based on your performance you may get invited to an interview to prop for the firm.

I think it offers excellent value for money for a beginner. For me it represents far more that the £2995 + VAT as I will have to find somewhere to stay closer to the Bank station area (I will never make it in by 6am) and the loss of earnings by not trading for a month.

They will be running shorter courses covering calender spreads and bonds etc in the New Year as well so I may go along to a couple that interest me.

FIM

FTSE in mouth said:

Hi all

Has anyone done the course?

20 days for £3519.13 seems almost too good to be true. Anyone here who has actually been on it care to talk? PM me if you want.

Any thoughts?

FIM

Click to expand...

This doesn't seem too good to be true - it seems damned expensive !


Thanks

Damian

Well I initially meant compared to a lot of the training providers it looks like a bargain. 20 days @ £3519.13 is £175 odd per day and if one were to look at some of the training providers that charge nearly that for 3 days.

Yes it may be expensive but when the trainers are traders, 20 days training, excellent facilities and in a proper trading environment... well it seems a whole heap better than anything else out there.

Why do you think it 'seems damned expensive'?

Hi FTSE,

Maybe I was a bit too quick to judge because I actually know little about the course.

It may actually be a good investment IF you get the right training. For that sort of money however, I would expect (and demand) daily one-on-one attention and a thorough accurate training structure.

For 3.5k, most beginner traders could not afford for the course to be a mistake or anything less than perfect.


Thanks

Damian

Hi Damian

No worries. Yep, you are dead right. Choosing training is a minefield. This is the closest thing I have found for beginner traders but the money and length of time will be an issue. I am looking at going on one or 2 of their short courses next year to learn something about bonds, options and spreads trading. I don't need to learn any more strategies no matter how good they may be. I know enough . I am looking more at increasing my knowledge about certain things in the markets that I know little about.

I recommend the course to beginners but they must be properly capitalised (if you want to trade CFD's through STA in the arcade, the minimum size is £100k so you need a fair sized account even with leverage if one takes money management into consideration). To day trade futures you should have a minimum of $5k per lot and $25k in the account (that's just me but others have different risk tolerances) and you must be able to take a month off and be able to get into the Bank station area by 6 every morning.

FIM

Looks good value to me when you consider that any 1 week professional course is going to start at £1500 per week.

Are there any good online resources that provide more detail into the sorts of strategies arcade traders use?

All the professionals I know use spreading software to trade inter-product spreads, or trade calendar spreads.

I don't know any who punt on outright contracts, though that seems to be where most online material is focussed.

Hi FTSE, looks like you rookies need an education in the prop trading business. Firstly I'd reirect you to the posts where I've discussed the reasononing for prop shops charging for their courses.

Once you've done that and still feel it's good value for money(?) feel free to come back and ask any questions you have.

FTSE in mouth said:

Hi all

Has anyone done the course?

20 days for £3519.13 seems almost too good to be true. Anyone here who has actually been on it care to talk? PM me if you want.

Any thoughts?

FIM

Click to expand...

Sounds pricey to me, I had a look at the website and what they are offering looks very generic and unoriginal. On the face of it it may not look expensive but my suspicion is that a group of traders at STA have worked out a new way of making a living given how difficult the markets are getting these days. New traders could get this education for free if they joined a graduate course. I think its a bit cheeky. FTSE you dont happen to work for STA do you !?!

PualoP said:

Hi FTSE, looks like you rookies need an education in the prop trading business. Firstly I'd reirect you to the posts where I've discussed the reasononing for prop shops charging for their courses.

Once you've done that and still feel it's good value for money(?) feel free to come back and ask any questions you have.

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Hi PualoP, thanks for the heads up. I will have a look at what you've written. I am sure you are right on the money about their motivations as I have been wondering about the 'what's in it for them' scenarios.

tieler said:

Sounds pricey to me, I had a look at the website and what they are offering looks very generic and unoriginal. On the face of it it may not look expensive but my suspicion is that a group of traders at STA have worked out a new way of making a living given how difficult the markets are getting these days. New traders could get this education for free if they joined a graduate course. I think its a bit cheeky. FTSE you dont happen to work for STA do you !?!

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Oh Gawd! Here we go. No, I don't work for STA. I have been there twice in my life. One was to go and see the trading arcade there 18 months ago at the old offices and once a month ago to listen to the spiel about their course.

Let me re-qualify my original comments and based on what I have learned since I started looking into it my mind has changed somewhat.

For it's price and what they are offering I don't believe you will find better value out there right now when it comes to trading education seminars for beginners. There are caveats to this I am sure which I am sure some pedant will point out.

Personally now I am not interested in going for several reasons, namely, the price goes up considerably when one considers the loss of earnings over the month as well as the fact that I would have to stay in close by as there's no ways that I am going to attempt to get up at 04h30 every morning to try and make my way into the offices from the backwaters of the Ham/Twickenham area.

tieler, I completely agree, I found the course outline very vague/generic/unoriginal, even after asking for a complete syllabus breakdown from the head of training @ STA there was still nothing concrete from them. One of the trainers that I spoke admitted the course may be a bit too basic for me and I appreciated his candour.

So no, I am not going to go but if anyone else wants to check it out then they must do so. I am not giving it 2 huge thumbs up but it is worth investigating although there seem to be some teething problems based on the course structure and content as I have been reliably informed.

Put it this way... spend £3k on these guys and £3k on some dodgy operator I personally think that you will get more out of this one.

At the end of the day DYOR and caveat emptor.

Stc

Hello,


I do not recommend it for a vast number of reasons.

It is highly unlikely that you'll become a profitable trader upon completion of this course, I don't feel that it equips you with the proper tools/skills required to profit from the MKT's, besides, this clearly does not conform to the business plan of STC.

If anyone does decide to go ahead with the course, the absolute best of luck, but you have been warned, I hate to see anyone loose hard-earned cash!

Cheers.

**PM if you require further information, I will not answer to posts, not on this matter.
Thank you.