I am so annoyed, I just found out today Your Trading Room YTR are having some sort of 50% sale of their program. What about all the members who paid full price or those that have paid $20,000. So are they going to refund everyone who paid full price? They must be totally desperate for new customers. I suspect they are not far away from going broke if they are selling programs for 50% off. They no longer show their trading results and where is the promotion to be able to trade risk free money.
They still post their results ...which is above board, more so than other companies that show zip. And the Aussies regulators are serious about records and documented financial claims. They're legit here, otherwise you're shut down in a heartbeat.
But look at their site, look at all those employees are they real or sales staff...whats the monthly pay roll to keep that going? What do you think 250K/month min.?
Board of Directors? Is this a multi national pretense or what?
One director, Malcolm Murray is a throw back to Oliver Velez and team trading.....now that was a scam! And Velez is still scamming.
Get Real....A majority of the moderators, calling trades, are not seasoned traders 2-5years experience or so. Most are KIDS! Look at their profiles and the logged trades they've called, specified by name there's 4 or 5......what do the other 5-6 do?
Where are their trades? So you have a pool of 4 core moderators responsible for the total trade room results posted on the site. they're up about 90K-100K...So average 20-25K/ moderator/yr so far. Not bad.
But there's odd ball time /session overlap and different time specific zones in the record keeping....its not all standard GMT. So Asia laps into London open on some of the biggest trades...so its not really Asia...its Frankfort and London and two moderators. Why not gang up 3-4 Moderators per session and really pump up the results?
So where are the results of all those other Coaches, Moderators, and Developers...do they trade? do they teach? would you trust someone to teach you who doesn't trade and display their track record. What good are they ? how good are they for you...wouldnt you like to know before sporting the 5-10K?
There's real trading mentors out there with decades of experience and substantial track records. Do you really think that anyone of this caliber would waste their time working/coaching "retail" or want-a-be prop traders? Unless theyre washed up and or the money is just too good....or easy....
Ultimately, the membership needs to be continually growing and pumping the payroll. Multiple rooms with hundreds of paying clients.
I dont know how engaging and personal the coaching staff is, but for fees it should be one on one.
