Forex Training

[blueshaman]

Has anybody had any experience/knowledge of Learncurrencytradingonline.com.
They are educators and have been around for some years now. They teach both Swing and Trend Trading. I would appreciate any feedback.

 

[Quantt]

Has anybody had any experience/knowledge of Learncurrencytradingonline.com.
They are educators and have been around for some years now. They teach both Swing and Trend Trading. I would appreciate any feedback.

Ask them for a verified trading record spawning at least one market cycle, and by verified, I mean done by a big and reputable company, not by someone's uncle or friend...

If they cannot provide or start with the excuses that it is against the law, etc, this means they are making money from the "education" and not from trading...

I have been around for almost half a century and I am still to see someone teaching working trading strategy for few thousand dollars... Just think about it, if you are constantly making money in the markets, would you be selling your winning strategy for pennies to your competitors?

 

[tomorton]

Has anybody had any experience/knowledge of Learncurrencytradingonline.com.
They are educators and have been around for some years now. They teach both Swing and Trend Trading. I would appreciate any feedback.

Both swing and trend trading will work. Swing trading has a higher risk than trend trading but offers more opportunities. Swing trading demands more chart monitoring for set-ups and possibly higher TA skills and awareness, possibly greater ability to make decisions quickly based on incomplete information. Trend trading responds well to forward planning and offers chances to pyramid positions to maximise profit. Trend traders have to cope with the (very real) stress of waiting for the best set-up and then not getting involved in managing the trade once opened. Trend trading is very practicable if you have zero (literally) screen time available during market hours.

It would be surprising if you could not find out all you need to know about both before booking a training course, and for simply the cost of your time on the internet and reading a few second hand books. On the other hand, if you know yourself to respond well to this form of education and you want a crash course in trading, go for a course. Its like taking driving lessons from either your elderly Dad for 6 months, or from an approved instructor for 3 months or a crash course (no pun intended) in a week.

No reason to think this firm is a scam. Whether their fees represent good value is your personal issue.

 

[Haffizz]

I haven't any experience of working with them. so I can't say whether they are scam or not. However, I advice you not to pay money to anyone first.
check my Forexnote blog, I've gathered ebooks for beginners there and some free tips. No ads, no payments, just advice from a malaysian trader

 

[mpups]

Has anybody had any experience/knowledge of Learncurrencytradingonline.com.
They are educators and have been around for some years now. They teach both Swing and Trend Trading. I would appreciate any feedback.

out of all the sources of trading education out there, why would you enquire about a site that feature this image?

 

[blueshaman]

out of all the sources of trading education out there, why would you enquire about a site that feature this image?

Leave my bird out of it.:cheesy:

 

[mpups]

Leave my bird out of it.:cheesy:

Exactly! you cant trust a site that trys to tempt you with a picture of your own bird

 

[blueshaman]

Exactly! you cant trust a site that trys to tempt you with a picture of your own bird

Ha ! Yes quite so. However ,the guy who runs this site ( Andrew Scadden) does seem to have much more credibility than your typical common or garden Forex scammer. He does claim to have survived in this industry for over 20 years (as a Trader not a Salesman ) and gives regular Fundamental Analyses on where he believes the Major pairs are heading. He is a cut above the usual x crosses y no-hoper.

 

[Quantt]

Ha ! Yes quite so. However ,the guy who runs this site ( Andrew Scadden) does seem to have much more credibility than your typical common or garden Forex scammer. He does claim to have survived in this industry for over 20 years (as a Trader not a Salesman ) and gives regular Fundamental Analyses on where he believes the Major pairs are heading. He is a cut above the usual x crosses y no-hoper.

It doesn't matter!

He might be the nicest guy ever lived, he might even genuinely believe the stuff he is "teaching", but what matters to you as his "customer" is 2 things: does he trades for real and does he have a VERIFIED track record.

 

[blueshaman]

It doesn't matter!

He might be the nicest guy ever lived, he might even genuinely believe the stuff he is "teaching", but what matters to you as his "customer" is 2 things: does he trades for real and does he have a VERIFIED track record.

Hi Quantt. Thanks for your responses. I am quite certain that this guy is a Bona Fide Trader. As for a Verified track record I am not sure if that would be forthcoming. However , I shy away from paying for courses these days (having had my fingers burned in the past). I may pay for the odd trading book from Amazon but that is about it.

 

[Quantt]

I am quite certain that this guy is a Bona Fide Trader.

I just wonder how you can be so certain?

 

[mpups]

Ha ! Yes quite so. However ,the guy who runs this site ( Andrew Scadden) does seem to have much more credibility than your typical common or garden Forex scammer. He does claim to have survived in this industry for over 20 years (as a Trader not a Salesman ) and gives regular Fundamental Analyses on where he believes the Major pairs are heading. He is a cut above the usual x crosses y no-hoper.

is that this guy?

he seems ok actually, at least like you said he trys to give you a broader understanding of whats going on beyond the chart

i can't comment on whether the course is worth paying for or how bona fide he is

 

[blueshaman]

is that this guy?

he seems ok actually, at least like you said he trys to give you a broader understanding of whats going on beyond the chart

i can't comment on whether the course is worth paying for or how bona fide he is

Yes this is the chap. I cannot find anybody who has used this service . There are not any testimonials available ( not that I particularly trust them either).

 

[eb2568]

I've signed up for his site over a year ago or maybe even two ago. I think it was something like $150 for lifetime membership but could be wrong about that. He also offers more services that are more expensive like 1:1 mentoring but I've never done any of those.

Note for any trolls or haters here: I found this forum while searching to see if Andrew had any articles or other material posted online so if for some reason trade2win shows sign up dates on member profiles don't even try to grandstand and give me any crap for registering on here just to reply to this. It's my opinion so take it or leave it:

He does not provide a verifiable track record. With that said he is also NOT teaching you a system. He is teaching you to be a better trader and makes this very known even in his public videos and member PDF material. He readily admits that what works for him will be different than what works for you. His track record can be "seen" through his youtube videos and in the members section he always posts positions, including his entries, stop, targets and where he wants to get in on upcoming trades.

He trades only daily and weekly charts so depending on your timeframe you may not like his style at all. He trades with an eye on the commitment of traders report. He uses technicals to time market but always has (and provides) his fundamental view of a currency.

He will get stopped several times before hitting a big trend. He may take several stops of close to 100 pips or more before hitting a trend for 500-700 or more pips. If you're looking for a system with 70%+ accuracy or something like that, don't bother. If you're looking for something scalable over market conditions and fundamental, swing trading on daily charts, LT technicals, etc. then it might be worth you while.

I felt the need to post on here b/c he is readily available via email for questions and comments from members and has always been a huge help for me when answering my questions. For me it was absolutely worth the small cost for lifetime membership.

 

[Quantt]

I've signed up for his site over a year ago or maybe even two ago. I think it was something like $150 for lifetime membership but could be wrong about that. He also offers more services that are more expensive like 1:1 mentoring but I've never done any of those.

Note for any trolls or haters here: I found this forum while searching to see if Andrew had any articles or other material posted online so if for some reason trade2win shows sign up dates on member profiles don't even try to grandstand and give me any crap for registering on here just to reply to this. It's my opinion so take it or leave it:

He does not provide a verifiable track record. With that said he is also NOT teaching you a system. He is teaching you to be a better trader and makes this very known even in his public videos and member PDF material. He readily admits that what works for him will be different than what works for you. His track record can be "seen" through his youtube videos and in the members section he always posts positions, including his entries, stop, targets and where he wants to get in on upcoming trades.

He trades only daily and weekly charts so depending on your timeframe you may not like his style at all. He trades with an eye on the commitment of traders report. He uses technicals to time market but always has (and provides) his fundamental view of a currency.

He will get stopped several times before hitting a big trend. He may take several stops of close to 100 pips or more before hitting a trend for 500-700 or more pips. If you're looking for a system with 70%+ accuracy or something like that, don't bother. If you're looking for something scalable over market conditions and fundamental, swing trading on daily charts, LT technicals, etc. then it might be worth you while.

I felt the need to post on here b/c he is readily available via email for questions and comments from members and has always been a huge help for me when answering my questions. For me it was absolutely worth the small cost for lifetime membership.

Just registered and the first comment is to heavily endorse a questionable vendor...

I would deferentially stay away from a service using this type of tactics to get newbies to sign up...

Major red flag!

 

[eb2568]

Just registered and the first comment is to heavily endorse a questionable vendor...

I would deferentially stay away from a service using this type of tactics to get newbies to sign up...

Major red flag!

Yes, right. Well, I replied several hours ago but I guess either the moderators decided not to post my comment b/c it was too rude or it'll show up probably right after I post this . The fact is that you all possess a healthy amount of skepticism with forex vendors. can't blame you there. See attached confirmation screenshot from a few years ago to this service. I have no further interest in confirming that I am a member of his and I've already made my feedback on his service known.

Quantt - perhaps next time you should not jump to conclusions and instead kindly ask how I (or someone else) can showcase that they aren't affiliated with a service.

Like I said, I paid for his service, if you want to call it that. OP wanted feedback from a member and he got it. He can take it or leave it. However, kind of glad i found this forum...seems worthwhile to explore.

Erik

 

[Quantt]

Yes, right. Well, I replied several hours ago but I guess either the moderators decided not to post my comment b/c it was too rude or it'll show up probably right after I post this . The fact is that you all possess a healthy amount of skepticism with forex vendors. can't blame you there. See attached confirmation screenshot from a few years ago to this service. I have no further interest in confirming that I am a member of his and I've already made my feedback on his service known.

Quantt - perhaps next time you should not jump to conclusions and instead kindly ask how I (or someone else) can showcase that they aren't affiliated with a service.

Like I said, I paid for his service, if you want to call it that. OP wanted feedback from a member and he got it. He can take it or leave it. However, kind of glad i found this forum...seems worthwhile to explore.

Erik

By all means stick around... hopefully you’ll prove me wrong with your contribution to this forum...

 

[eb2568]

By all means stick around... hopefully you’ll prove me wrong with your contribution to this forum...

Thanks, Quantt. And if you happened to see my original response before I deleted it from the forum (which was pretty rude on my part) no hard feelings. I realize that, in reality, at least a good 90%+ of educators are either pure scams or just not worth the money, so skepticism in all forms is warranted. In either case, nice work on your active participation in the forum. I'm sure you're helping a lot of people out.

 

[Quantt]

Thanks, Quantt. And if you happened to see my original response before I deleted it from the forum (which was pretty rude on my part) no hard feelings. I realize that, in reality, at least a good 90%+ of educators are either pure scams or just not worth the money, so skepticism in all forms is warranted. In either case, nice work on your active participation in the forum. I'm sure you're helping a lot of people out.

Actually, I have your original post, I got the notification email with your post included as soon as you posted it and frankly I did not find it offensive... anyway, feelings don't matter in trading, only the truth...

 

[blueshaman]

Hi Erik,
I never doubted the veracity of your contribution and I would like to thank you for making it.This pretty much falls in line with my expectations. I remember the guy who runs this course saying that a rookie trader would be doing extremely well to make 30% profit ( uncompounded ) in their first year of trading. This certainly differs from the outrageous claims made by some of the other protagonists in this field !