TCA remote trading

josels

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Good evening everybody


I am a Structural Engineer that recently has been made redundant, I am 44 and Spanish (my mother language is not English and quite often struggle with it). There are not structural engineering jobs in London and I wish to stay here for family reasons. I have an interview with TCA for their remote trading training course with the idea of making eventually a living out of this, or working some extra hours at night if finally I found a new job as structural engineer.

I have been told by TCA than only 50% of their trainees are successful. There is one week notice each way to finalized the contract.

Course cost £ 4000, I would play with TCA money. I will be trading (if successful) on the S&P futures from home.

I am full of doubts about the worthiness of this movement in my life, and feel this could cost me £4000 and not get much out of it. In the other hand I like the stock market and I have an MBA and solid background in maths. I can afford the £4000 and the training time.

Any comment will be very much appreciated. Is this wise to do, is there money to be made with TCA.

Many thanks for your time, I appreciate you prompt commets, I have the interview next monday.
 
IF you have self discipline then save yourself £4,000 and learn it yourself imho
 
don t waste your money mate i was to going to go with tca but eventually decided not to if think ive mad the right choice i have been studying hard for the last 6 months now and thing s are starting to fall into place
although my knowledge is not huge it s getting better and if i can help and sve you half the time that you will spend on the internet then i will
good lucck you lots of sleepless nights in front of you
 
Pat494
what do you mean with:

__________________
Less than 1 % make the profitable programs
The rest need not bother except to copy

Thanks
 
Good evening everybody


I am a Structural Engineer that recently has been made redundant, I am 44 and Spanish (my mother language is not English and quite often struggle with it). There are not structural engineering jobs in London and I wish to stay here for family reasons. I have an interview with TCA for their remote trading training course with the idea of making eventually a living out of this, or working some extra hours at night if finally I found a new job as structural engineer.

I have been told by TCA than only 50% of their trainees are successful. There is one week notice each way to finalized the contract.

Course cost £ 4000, I would play with TCA money. I will be trading (if successful) on the S&P futures from home.

I am full of doubts about the worthiness of this movement in my life, and feel this could cost me £4000 and not get much out of it. In the other hand I like the stock market and I have an MBA and solid background in maths. I can afford the £4000 and the training time.

Any comment will be very much appreciated. Is this wise to do, is there money to be made with TCA.

Many thanks for your time, I appreciate you prompt commets, I have the interview next monday.


Hi josels,
TCA is very infamous – just check the threads on this forum and you’ll know why.
If you have no experience then the best you can do is to educate yourself on the subject – visit the library, I’m sure there is some stuff on trading/investing in London libraries.
You can also download some literature from the internet for free.
On the prop trading subject, futex is considered the best, but is also very expensive.
The new kid on the block is Amplify Trading, but with a business model so similar to TCA the jury is still out.
Eduardo.:)
 
Pat494
what do you mean with:

__________________
Less than 1 % make the profitable programs
The rest need not bother except to copy

Thanks

Seems a bit negative but one should face the facts - which are
1.a high proportion of people fail for a variety of reasons
2.probably very few of the few that succeed are capable of writing their own SUCCESSFUL programs

but good luck anyway
 
Pat494

Pat
do I suppose to write programs if I sign with TCA Financial Ltd? Please could you explain a bit more. it seems that you know quite a bit about this company. If you feel more confortable sending me an email with your experience please do, I would appreciate it
[email protected]
Many thanks
Jose
Seems a bit negative but one should face the facts - which are
1.a high proportion of people fail for a variety of reasons
2.probably very few of the few that succeed are capable of writing their own SUCCESSFUL programs

but good luck anyway[/QUOTE][/U]
 
TCA are just selling dreams.

Day trading, especially futures, is the hardest form of trading there is.
I doubt if the success rates is anywhere near 50% for remote traders.
Probably closer to 5% and probably much less than even that.
It is easy to spin statistics.
 
What would be the best recommendations for starting to learn day/self-trading? Any starters? books/magazines/videos/etc?
 
BTW, isnt there also a disadvantage if you are restricted to trading with just your own capital vs, when you can also do with TCA's capital (provided you are successful)?
 
Hm hardly. Imagine doing 50% per month on good months, 20% on bad ones.

Start with EUR 20.000

On bad months you live well. On good months you grow capital. Pretty soon you don't need any money. Point.

Depends on your trading style. You will also hit a liqudity problem at one point. But basically with a non-trivial head start (or LOW costs and then maybe 8.000 EUR are enough) one can take off without capital. Just takes some time. But then, patience is something traders must have anyway.
 
Good evening everybody



I have been told by TCA than only 50% of their trainees are successful. There is one week notice each way to finalized the contract.

.

"SOLD" thats market terminology for - that figure is way too high . especially with TCA. More like 1%. they are not good
 
Hi Josels,
I've been a remote trader with TCA for over a year now so can give you first hand advice.
I'd agree with others that day trading (or any trade that goes against you often enough) isn't an easy option and going with TCA or any other company/mentor isn't a guarantee of success.
I can say that, from my own experience, I'm very happy with TCA, the trading and charting platform's are excellent, as is the mentoring. There is constant vocal and visual update process during the trading day on what you should be looking at and what to base your trading on. There is so much to stay aware of I personally couldn't day trade without it, but that's just me.
People are skeptical around the costs and the 'trade someone elses money', but I'm sure you could blow your money very quickly on learning live yourself or from a book and leave yourself traumatised. Secondly, TCA will start you on a realtime simulator until you have proved yourself capable with real money, at which point you'll trade with one lot. Keep proving yourself and you'll get more lots to trade, go through bad patches and you'll be back to the SIM in no time.
If you want to day trade, I'd recommend mentoring from any professional daytrader (just like I'd suggest learning to drive from someone who can do the same!)
Good luck!
 
A mine full of nuggets

Hm hardly. Imagine doing 50% per month on good months, 20% on bad ones.

Start with EUR 20.000

On bad months you live well. On good months you grow capital. Pretty soon you don't need any money. Point.

Depends on your trading style. You will also hit a liqudity problem at one point. But basically with a non-trivial head start (or LOW costs and then maybe 8.000 EUR are enough) one can take off without capital. Just takes some time. But then, patience is something traders must have anyway.

Listen up boys!
There is a lot of depth to everything he's just said. I think it would be wise for all new traders to seriously study why he said what he said. He has summed up the mindset quite well.
 
From what I've read about TCA, its a great business model ie. we take you on, we train you at YOUR expense. If you're good, we keep you, you make us money. If you're crap, you go after your training is finished, with YOUR cash.

Simple really. If you're good, you will do well, but then again you will do well at other firms and possibly on your own too.

:)
 
How long have you been with TCA? Im interested as depite some negative press (Im guessing those who don't succeed are always going to be looking for a scapegoat) they must be established for a reason. Their competitors certainly sound dodgy!

Established! They've gone bust about 5 times!
 
TCA Trading Financials

TCA Trading Financials now called Global Financial Markets of 20-22 Bedford Row
are definitely not a company to even contemplate getting involved with...

A company that sends you a £3000 invoice and tries to take you to court to extract money from you for a service or training they have not provided is not a good company..

A company that has changed its name and address twice in about 3 years is not a company i'll recommend, so if you are contemplating getting involved with a TCA or should i say Global Financial Markets i will think twice...


Good evening everybody


I am a Structural Engineer that recently has been made redundant, I am 44 and Spanish (my mother language is not English and quite often struggle with it). There are not structural engineering jobs in London and I wish to stay here for family reasons. I have an interview with TCA for their remote trading training course with the idea of making eventually a living out of this, or working some extra hours at night if finally I found a new job as structural engineer.

I have been told by TCA than only 50% of their trainees are successful. There is one week notice each way to finalized the contract.

Course cost £ 4000, I would play with TCA money. I will be trading (if successful) on the S&P futures from home.

I am full of doubts about the worthiness of this movement in my life, and feel this could cost me £4000 and not get much out of it. In the other hand I like the stock market and I have an MBA and solid background in maths. I can afford the £4000 and the training time.

Any comment will be very much appreciated. Is this wise to do, is there money to be made with TCA.

Many thanks for your time, I appreciate you prompt commets, I have the interview next monday.
 
Forget about them

TCA Trading Financials now called Global Financial Markets of 20-22 Bedford Row
are definitely not a company to even contemplate getting involved with...

A company that sends you a £3000 invoice and tries to take you to court to extract money from you for a service or training they have not provided is not a good company..

A company that has changed its name and address twice in about 3 years is not a company i'll recommend, so if you are contemplating getting involved with TCA or should i say Global Financial Markets i will think twice...


Good evening everybody


I am a Structural Engineer that recently has been made redundant, I am 44 and Spanish (my mother language is not English and quite often struggle with it). There are not structural engineering jobs in London and I wish to stay here for family reasons. I have an interview with TCA for their remote trading training course with the idea of making eventually a living out of this, or working some extra hours at night if finally I found a new job as structural engineer.

I have been told by TCA than only 50% of their trainees are successful. There is one week notice each way to finalized the contract.

Course cost £ 4000, I would play with TCA money. I will be trading (if successful) on the S&P futures from home.

I am full of doubts about the worthiness of this movement in my life, and feel this could cost me £4000 and not get much out of it. In the other hand I like the stock market and I have an MBA and solid background in maths. I can afford the £4000 and the training time.

Any comment will be very much appreciated. Is this wise to do, is there money to be made with TCA.

Many thanks for your time, I appreciate you prompt commets, I have the interview next monday.
 
TCA Trading Financials now called Global Financial Markets of 20-22 Bedford Row
are definitely not a company to even contemplate getting involved with...

A company that sends you a £3000 invoice and tries to take you to court to extract money from you for a service or training they have not provided is not a good company..

A company that has changed its name and address twice in about 3 years is not a company i'll recommend, so if you are contemplating getting involved with TCA or should i say Global Financial Markets i will think twice...
 
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