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This is a discussion on Forex Course within the First Steps forums, part of the Reception category; Has anybody had any experience/knowledge of a company called futurealgotrading (Future Algo Trading). They are educators: I would appreciate any ...

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Old Jan 22, 2018, 8:03pm   #1
 
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Forex Course

Has anybody had any experience/knowledge of a company called futurealgotrading (Future Algo Trading).

They are educators: I would appreciate any feedback.
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Old Jan 23, 2018, 4:09am   #2
 
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Originally Posted by getset View Post
Has anybody had any experience/knowledge of a company called futurealgotrading (Future Algo Trading).

They are educators: I would appreciate any feedback.
Domain name is only 6 months old.

"Created by our very own Director of Financial Engineering*Professor Dr. Simon J. Shepherd, who has over 40 years of experience in the industry."

A quick Google shows the "industry" to be higher education, not specifically trading the financial markets for 40 years.

Save your money and read a few good trading books cover to cover.

I'd guesstimate that 90%+ of educators educate because they can't trade themselves.



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Old Jan 23, 2018, 7:58am   #3
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What strategy(ies) do they teach please?
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Old Jan 23, 2018, 8:32am   #4
 
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possible fake reviews.

Click the image to open in full size.

take Susan Watson from Manchester as an example. her picture was taken from a 2017 or earlier upload from many a free picture site, here's the pxhere.com example

Click the image to open in full size.
bogus picture? bogus review?
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Last edited by Lightning McQueen; Jan 23, 2018 at 8:38am.
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Old Jan 23, 2018, 1:00pm   #5
 
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Originally Posted by tomorton View Post
What strategy(ies) do they teach please?
If I've understood them correctly, chart analysis via programmes developed by the Professor is used. After 12 PIP movement stop loss or take profit is used. Usually, only 1% of available funds is used for each trade.
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Old Jan 23, 2018, 1:53pm   #6
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If I've understood them correctly, chart analysis via programmes developed by the Professor is used. After 12 PIP movement stop loss or take profit is used. Usually, only 1% of available funds is used for each trade.

Sounds like it should work. But what a grind: 12 pips at 1% of funds is going to be hour after hour every day, and isn't going to pay for that new car anytime soon.

However, the likely outcome is the account goes broke but very very slowly. There will be no chance of come-back to the trainers by that point, and that's the No.2 objective of trainers - No.1 is get the money in the bank, No.2 is don't make anyone go broke quickly after the course.

I don't recommend anyone start trading by day-trading. But I'm useless at day-trading so maybe a more qualified member than me will ad to this.....
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Old Jan 23, 2018, 3:33pm   #7
 
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Originally Posted by getset View Post
Has anybody had any experience/knowledge of a company called futurealgotrading (Future Algo Trading).

They are educators: I would appreciate any feedback.
Those Who Can, Do; Those Who Can't, Teach ...

Unless they can provide a verified (by well known firm) track record, avoid!
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jan 24, 2018, 8:15am   #8
 
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getset started this thread
Quote:
Originally Posted by Lightning McQueen View Post
possible fake reviews.

Click the image to open in full size.

take Susan Watson from Manchester as an example. her picture was taken from a 2017 or earlier upload from many a free picture site, here's the pxhere.com example

Click the image to open in full size.
bogus picture? bogus review?
How did you find this photo on pxhere.com
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Old Jan 25, 2018, 6:48am   #9
 
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Originally Posted by getset View Post
How did you find this photo on pxhere.com
I'd say the odds are very high that you're in fact a shill for this "business".

...given that the 'future algo trading' website is all of a sudden offline pending an urgent re-design with slightly less fake material

Good luck with that Dale
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Old Jan 25, 2018, 8:18pm   #10
 
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Originally Posted by f2calv View Post
I'd say the odds are very high that you're in fact a shill for this "business".

...given that the 'future algo trading' website is all of a sudden offline pending an urgent re-design with slightly less fake material

Good luck with that Dale
Great catch!
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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