Advice on a Trading course?

james57

Newbie
9 0
Hello to all, im new to the trading scene and currently looking to get my foot in the door. I have no experience at all in this field, but it sure excites me! ive applied to a couple of Trainee Foreign Exchange Trader jobs/courses both of which got back to me saying they'd love to meet me and come in for a meeting/interview. Now these courses come at a price, ive already been to one meeting in London and i gathered alot of information, but it was with heavy heart i decided to turn this oppitunity down. The course was run by Forex masters? and the weeks intensive training was with Arek Okrasa? anyone here heard of them.
Now i have this second meeting coming up on wednesday with London Academy of Trading. Now they are offering 3 months training/coaching and by the end of it hoping all goes well i get a Level 5 Diploma which i presume will open up the doors? sounds good to me. Just wanted peoples thoughts on this.
Thanks James
 

MACTrend

Junior member
17 0
Dont Do It

Hello to all, im new to the trading scene and currently looking to get my foot in the door. I have no experience at all in this field, but it sure excites me! ive applied to a couple of Trainee Foreign Exchange Trader jobs/courses both of which got back to me saying they'd love to meet me and come in for a meeting/interview. Now these courses come at a price, ive already been to one meeting in London and i gathered alot of information, but it was with heavy heart i decided to turn this oppitunity down. The course was run by Forex masters? and the weeks intensive training was with Arek Okrasa? anyone here heard of them.
Now i have this second meeting coming up on wednesday with London Academy of Trading. Now they are offering 3 months training/coaching and by the end of it hoping all goes well i get a Level 5 Diploma which i presume will open up the doors? sounds good to me. Just wanted peoples thoughts on this.
Thanks James

Do you really believe them? What does your instinct tell you about them?
 

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jbmarwood

Newbie
6 0
Hello to all, im new to the trading scene and currently looking to get my foot in the door. I have no experience at all in this field, but it sure excites me! ive applied to a couple of Trainee Foreign Exchange Trader jobs/courses both of which got back to me saying they'd love to meet me and come in for a meeting/interview. Now these courses come at a price, ive already been to one meeting in London and i gathered alot of information, but it was with heavy heart i decided to turn this oppitunity down. The course was run by Forex masters? and the weeks intensive training was with Arek Okrasa? anyone here heard of them.
Now i have this second meeting coming up on wednesday with London Academy of Trading. Now they are offering 3 months training/coaching and by the end of it hoping all goes well i get a Level 5 Diploma which i presume will open up the doors? sounds good to me. Just wanted peoples thoughts on this.
Thanks James

I've come across London Academy before. I haven't taken their course but they look respectable and a decent choice in my opinion. I took a job as a futures trader before and the course that London Academy offer looks almost identical to the training I got on the job. So I think it's pretty good.

If you don't mind me asking, how much is the course? Have you thought of applying for a trainee trader role at one of the trading houses? If you get in you wouldn't have to pay anything for the education and you might get financial backing at the end of it all. They are tough to get into though.
 

Zelo

Junior member
20 1
I always doubt trading courses which you have to pay for. Why would anyone ask money for a course while they make a lot with trading already? They should not waste their time.
 

Zelo

Junior member
20 1
Babypips.com is good way to start btw.
 

WklyOptions

Well-known member
269 24
fair exchange of value & high performance training/coaching

I always doubt trading courses which you have to pay for. Why would anyone ask money for a course while they make a lot with trading already? They should not waste their time.

Hi, Zelo,

I can appreciate and respect your post above - there are scammers, poor trading courses, even worse trading coaches/mentors, falsely-advertised "winning" trading systems, etc! (n) :rolleyes:

However, there is also an important reason to study the other side of the perspective "coin". Why would high-performance educators, specialists, charge $$$ to teach?

First - if you have a set of skills and you can train/teach accurately to produce like-results to students, would you give away your skill-set and time always? If yes - most likely you do not have a very high value on the principles of wealth and fair exchange of values. If this is true - you will need to read and study on these topics.

But let's focus more on the "whys" should high-performance training require a tuition fee. In this regard, I will use the analogies from highly specialized areas of high performance programs: Olympic athletic training/coaching, Military/Spec Ops training, Surgery/Transplant training, Hedge Fund Trading, astronaut/space training, wealth-training, entrepreneurship, professional sports, etc.

Just because a training firm or mentor/coach in the high-performance arena may already be wealthy and generating tons of passive income - does NOT mean that the firm or mentor/coach will throw out their deeply-held beliefs of fair exchange of value. They will not give up their time and resources and knowledge freely. It is NOT because of greed - it is because of the deeply held belief and focus in understanding and application of fair exchange of value. Understand, Zelo? :confused: :smart:

1. It is often said, read, and marketed - that the steps and process are "easy" and direct and clear for the participant. Marketing and PR and Ad firms have been exploiting the "easy street" campaigns continuously!

2. What parts of the "steps and process" are not marketed? The process is extremely difficult and competitive and with a high drop-out/failure rate; the duration of training/coaching is uncertain; the level of skills/competency achieved may be insufficient to successfully complete/compete; completion of the training is only the beginning of the journey.

3. It takes between 21-30 days to develop a routine (practiced repeated and daily and measured for task completion/success) into a weak habit. More often, it takes at least 90-180 days of daily multiple repeated drills and conditioning(s) to embed this weak habit into a "reframe" that is deemed "beneficial and fun and necessary" by the trainees!

4. Most individuals fail not because they do NOT know the steps or NOT having the requisite knowledge. But - having knowledge and knowing does NOT equal having the skill-set to execute and compete and reach a final successful outcome or mission.

5. There are many points of failure, many points of exhaustion. There are many obstacles and demands and risks (risk of failure, of feeling stupid, of guilt, etc) that are so deeply embedded in that trainee's paradigm (old, established habits, beliefs, programming) that will compete extremely well to maintain the status quo!

6. The hidden and unseen and tireless insidious old paradigms are always there pushing and testing. Any weakness in belief, energy level, focus, commitment - will ultimately lead to self-sabotage or a failed objective/mission.

Zelo - are you able to see the numerous areas of skill-set and conditioning regimens and drills that need to be applied daily (and repeatedly) for high-level performance activities? :whistling :idea:

And the above items I've laid out represent only a small aspect of true training and mentoring/coaching!

If you only realize and understand the depth and scope of the information, beliefs, drills, procedures, etc., to convert into new high-performance habits and skills = then you will begin to realize that the coaching and mentoring process itself is a true value-added endeavor.

And this is why all high-performance coaching/mentoring relationships demand a fair exchange of values. (y) The high-performance process, training - and the training mentors/coaches involved will add incredible value to the trainee. And in exchange for the new skills, habits, and competitive successes, the mentors/coaches will receive compensation for their time, endless focus on details and progress, support, etc.

This is a standard business model for all high-performance career pathways. And trading is not any different. The only thing is that in trading - the barrier into entry is set absurdly low. Any trainee can get into the trading process with tremendous lack of skill, funds, conditioning that will lead to 100% failure. Any person can falsely market himself to be a coach/mentor. Any programmer and scammer can easily post videos, robots, etc.

Any retail trader that buys an indicator package, or a trading robot, or a "holy grail trading system" AND uses it only in that isolated narrow scope context (and not in the framework of an overall portfolio and campaign trading strategy) - is destined to fail. This is because the entire domain of long-term consistent winning trading performance requires a much deeper and broader level of conditioning, training, development - by that retail trader. And 99% of the time, that retail trader will "not have the time" or "not be willing to pay $$$" or have numerous other demands/obstacles to prevent the proper course of training/actions. And - that is why < 1% of traders succeed in the long-term!

So - your initial comments above are very helpful from a cautious alert perspective to the newbie.

However - it should be also added that for the truly focused, committed, competitive individual, that seeking out the appropriate high-performance mentors/coaches, high-performance training programs, will never be free. There will always be a fair exchange of value. (y)

Best regards and good trading to you!

WklyOptions
 

jbmarwood

Newbie
6 0
Hi, Zelo,

I can appreciate and respect your post above - there are scammers, poor trading courses, even worse trading coaches/mentors, falsely-advertised "winning" trading systems, etc! (n) :rolleyes:

However, there is also an important reason to study the other side of the perspective "coin". Why would high-performance educators, specialists, charge $$$ to teach?

First - if you have a set of skills and you can train/teach accurately to produce like-results to students, would you give away your skill-set and time always? If yes - most likely you do not have a very high value on the principles of wealth and fair exchange of values. If this is true - you will need to read and study on these topics.

But let's focus more on the "whys" should high-performance training require a tuition fee. In this regard, I will use the analogies from highly specialized areas of high performance programs: Olympic athletic training/coaching, Military/Spec Ops training, Surgery/Transplant training, Hedge Fund Trading, astronaut/space training, wealth-training, entrepreneurship, professional sports, etc.

Just because a training firm or mentor/coach in the high-performance arena may already be wealthy and generating tons of passive income - does NOT mean that the firm or mentor/coach will throw out their deeply-held beliefs of fair exchange of value. They will not give up their time and resources and knowledge freely. It is NOT because of greed - it is because of the deeply held belief and focus in understanding and application of fair exchange of value. Understand, Zelo? :confused: :smart:

1. It is often said, read, and marketed - that the steps and process are "easy" and direct and clear for the participant. Marketing and PR and Ad firms have been exploiting the "easy street" campaigns continuously!

2. What parts of the "steps and process" are not marketed? The process is extremely difficult and competitive and with a high drop-out/failure rate; the duration of training/coaching is uncertain; the level of skills/competency achieved may be insufficient to successfully complete/compete; completion of the training is only the beginning of the journey.

3. It takes between 21-30 days to develop a routine (practiced repeated and daily and measured for task completion/success) into a weak habit. More often, it takes at least 90-180 days of daily multiple repeated drills and conditioning(s) to embed this weak habit into a "reframe" that is deemed "beneficial and fun and necessary" by the trainees!

4. Most individuals fail not because they do NOT know the steps or NOT having the requisite knowledge. But - having knowledge and knowing does NOT equal having the skill-set to execute and compete and reach a final successful outcome or mission.

5. There are many points of failure, many points of exhaustion. There are many obstacles and demands and risks (risk of failure, of feeling stupid, of guilt, etc) that are so deeply embedded in that trainee's paradigm (old, established habits, beliefs, programming) that will compete extremely well to maintain the status quo!

6. The hidden and unseen and tireless insidious old paradigms are always there pushing and testing. Any weakness in belief, energy level, focus, commitment - will ultimately lead to self-sabotage or a failed objective/mission.

Zelo - are you able to see the numerous areas of skill-set and conditioning regimens and drills that need to be applied daily (and repeatedly) for high-level performance activities? :whistling :idea:

And the above items I've laid out represent only a small aspect of true training and mentoring/coaching!

If you only realize and understand the depth and scope of the information, beliefs, drills, procedures, etc., to convert into new high-performance habits and skills = then you will begin to realize that the coaching and mentoring process itself is a true value-added endeavor.

And this is why all high-performance coaching/mentoring relationships demand a fair exchange of values. (y) The high-performance process, training - and the training mentors/coaches involved will add incredible value to the trainee. And in exchange for the new skills, habits, and competitive successes, the mentors/coaches will receive compensation for their time, endless focus on details and progress, support, etc.

This is a standard business model for all high-performance career pathways. And trading is not any different. The only thing is that in trading - the barrier into entry is set absurdly low. Any trainee can get into the trading process with tremendous lack of skill, funds, conditioning that will lead to 100% failure. Any person can falsely market himself to be a coach/mentor. Any programmer and scammer can easily post videos, robots, etc.

Any retail trader that buys an indicator package, or a trading robot, or a "holy grail trading system" AND uses it only in that isolated narrow scope context (and not in the framework of an overall portfolio and campaign trading strategy) - is destined to fail. This is because the entire domain of long-term consistent winning trading performance requires a much deeper and broader level of conditioning, training, development - by that retail trader. And 99% of the time, that retail trader will "not have the time" or "not be willing to pay $$$" or have numerous other demands/obstacles to prevent the proper course of training/actions. And - that is why < 1% of traders succeed in the long-term!

So - your initial comments above are very helpful from a cautious alert perspective to the newbie.

However - it should be also added that for the truly focused, committed, competitive individual, that seeking out the appropriate high-performance mentors/coaches, high-performance training programs, will never be free. There will always be a fair exchange of value. (y)

Best regards and good trading to you!

WklyOptions

I was going to say a very similar thing. Very well said.
 

ChrisTrade

Newbie
5 0
Hey guys, I'm about to take the plunge and sign up with The Day Trading Academy. Anyone here taken the course and have any feedback?

Thanks
 

Hypersky

Junior member
11 1
Hello to all, im new to the trading scene and currently looking to get my foot in the door. I have no experience at all in this field, but it sure excites me! ive applied to a couple of Trainee Foreign Exchange Trader jobs/courses both of which got back to me saying they'd love to meet me and come in for a meeting/interview. Now these courses come at a price, ive already been to one meeting in London and i gathered alot of information, but it was with heavy heart i decided to turn this oppitunity down. The course was run by Forex masters? and the weeks intensive training was with Arek Okrasa? anyone here heard of them.
Now i have this second meeting coming up on wednesday with London Academy of Trading. Now they are offering 3 months training/coaching and by the end of it hoping all goes well i get a Level 5 Diploma which i presume will open up the doors? sounds good to me. Just wanted peoples thoughts on this.
Thanks James

I recommend Tradesight. They have a 6 month stock mentorship program for about $3600 . I'm nearing the end of the course and its helped me immensely. The course is split up over 18 modules that are delivered through video presentations and you also get private one on one sessions with instructors, who are both former market makers, and full of good information. The owners also have an affiliation with eSignal, which imo, is a fantastic platform to trade on, and they provide you with a suite of proprietary products that help with things like market direction, murrey math lines, pressure thresholds and a lot more.

If you're interested, drop me a PM and I'll put you in touch.
 

billyjean

Active member
120 5
mentor nor teacher is always act as additional lead, find many resource you need, and start with reading fx basic knowledge, alternatively you may prefer to watch video tutorial, you can find many in youtube, but most of them are too long to watch, some video are over 2 hours duration in single link, found this one well informed video, and more interactive video tutorial, you can select which lesson you need to watch, based on your knowledge level, each video only at average 3-5 minute duration, you may check at : http://www.armadamarkets.com/video-tutorials/
well, if you're new with trading, first thing invest your time with learning.
 

VeerTrade

Junior member
47 1
If you are looking to get a 'job' then you are probably better trading yourself to get experience and doing an evening class to get the recognised qualifications firms are looking for. I am not sure the courses you mention will be given much credit by an employer or recognised at all!

Good Luck
 

NVP

Legendary member
37,535 1,988
Why wouldn't they? If someone makes money trading, it makes sense that they'd like to make even more money by teaching their skills.

Dude

Go look at forexperians live trading thread where some of us call live trades

Do you honestly think that really successful traders need to teach ?.......they can make thousands of pounds a day trading - if they are good

These academies teach because they can't rely on making consistent money trading...

Sure. they have all the theory and some practice and experience.......but decide to make easy money teaching generic material that the poor students are happy to learn because they know no better......sad but true.....

Only pay for training once you have exhausted all other avenues and you are then ready to beg a mentor to Teach you their style......you will know by then what you are looking for and be able to sniff out the bullsh"t.......trust me



N
 
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