This thread is indeed quite fascinating.
When I first signed up to T2W I was hoping to find a community of avid traders both professional /part time, successful/unsuccessful.
I was hoping that the site would allow me to learn from others experiences. To a certian extent, the sute has achived this, so congrats to T2W for that.
However, I also recognise that there are a number of people who come to this site who are new to trading and, quite naturally, want to learn more.
I cannot help but feel that T2W is trying to cash in on this sector of its readership (the most vulnerable sector, most likely to part with their cash).Whilst I fully understand that T2W is a commercial venture, I think this is an area it should keep well clear of, and should not promote "gurus" or "expert" training coaches (particularly in return for a cut).
My message to any newcomers to trading out there is simply that the real key qualities of a successfull trader stem primarily (in my opinion) from...
1) Understanding risk
2) Understanding money management
4) Having sufficient capital
5) Understanding that sentimental considerations are sometimes more important than fundamental considerations in a market place.
6)Know where your entry / exit levels are.
Whilst I believe that a good understanding of TA is important, too many people get completely bogged down by it , and almost become slaves to TA (as demonstrated by the numerous charts posted on this site).
Everyone has a choice whether to attend a seminar or not...but PLEASE research the credentials of the tutor first. The best way to do this, is not to ask those who run T2W (as they are taking a fee, they can no longer consider to be unbiased), not to read the words posted by the tutors here (again obviously biased), but to ask those individuals who have paid money befor to these tutors and ask them whether they feel they got a good deal.
Trading is a fantastic activity.
I just don't want newcomers to be shafted right at the very start of their trading careers.