Rockwell Trading, Inc. was founded in February 2005 by five active traders, three of whom were floor traders on the CBOT. Behind Rockwell Trading is a young and extremely dynamic team that is dedicated to empowering a new generation of confident and successful traders and investors.
Rockwell was launched to fill the void of quality trading education in today's industry. Our company, our methods, and our products are based upon years of first-hand knowledge and experience when it comes to live trading in today's markets - including floor trading - and we are 100% committed to making sure that our students are the ones who benefit from this. Our goal is to give our clients an edge in this business, allowing them to trade successfully at a level that most traders in the industry have never reached before.
We strive to be the leader in our line of work through proven, high-quality products and responsive customer support. We realize that there are many aspiring traders in this industry who have fallen victim to scams and false promises, and we are determined to demonstrate in every way possible that this is not something that will happen to you at Rockwell.
To ensure that you feel 100% confident in our company, there are a number of steps that we have taken to establish our credibility as an authentic business, including the following:
- We are one of the few educational trading companies in our industry that is a member of the Better Business Bureau (BBB).
- We are a member of the National Consumer League, supporting them in their fight against Internet fraud.
- We are consistently working with high-quality partners to ensure that our actions and our representations comply with regulatory guidelines.
A company with a very bad trading performance!
It's true what the say about getting what you pay for. For my knock down price, I got knock down versions that provided incomplete and old instructional DVDs. It was very annoying and gave me the feeling of being ripped off.
With the order I got a free 14 days instruction in the "Live Trading Room" on line. Unfortunately, the expert wasn't actually trading - more drawing lines on the live charts to indicate where he would have entered if he was trading. Very amateurish I thought, especially when the real fee is $100 per month for it. Anyway, I followed his indications and found myself losing more than winning. No wonder he did not trade for real.
This is where I discovered that my instructional DVDs were incomplete with vital trading information missing. He was talking of and making extra checks that were not given in those DVDs.
A particular strategy (seahawk) calls for a profit target of 2 ticks and a stop loss of 8 ticks on the mini S&P. A BAD deal on the face of it but it is described as having an 80+% success rate. Alas, Not for me or the "expert" in many of my sessions and the overall result was that I lost more money. The return I had was more like 50/50 - rather short of the 80% anticipated. The other 2 strategies I paid for were similar but involved a larger Profit Target at a higher risk!! They too performed well below par. In short, I lost all confidence in any of their Strategies.
Recently RWT have been pushing very hard their training systems which is indicative of a failure in their trading strategies. Too many auto trading systems are effecting the daily electronic markets today and the old systems no longer work.
Like these at Rockwell, they are redundant and there is obviously more profit in selling the training packages that used to work in the good old days that now actually lose money, when trading with them. And for teaching there is no risk or margins to carry either.
Rockwell Trading is definitely NOT recommended for all of these reasons. Save your cash and do as many others before you, seek out FREE information and totally ignore these flashy presentations to entice you to join in, at a price, of course.
Remember, you don't always get what you pay for and here is a prime example of that.
I lost and could not reclaim as they have a limit of just 30 days which is nowhere near long enough an evaluation period. Buyer beware.
Don't waste your money at Rockwell Trading, they suck!!
Rockwell Trading is one big SCAM!
I shadowtraded them for 6 weeks and the losses added up to more than $850,- per contract (excl. brokerage). But during that same period they communicated nothing but profits. The difference between realized and communicated added up to more than $3250!
When posting these results in their "live" trading support room (I haven't seen one, no not one live trade in 12 months) on November 1st 2010 I was banned as quick as possible for them. Not quick enough because some of my fellow traders saw the post and with that the link to the full story about the scam. I've had more than a 1000 emails so far on the address mentioned in the article. All with positive reactions.
You can read the full story over here: http://rockwelltradingscam.wordpress.com/
One good advice: stay away from everything that has a scent of Rockwell Trading.
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