Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
We don't endorse anyone. If we feel customers have unrealistic expectations, we simply share with them the reality of trading and it's challenges. Ed's call ins never sounded like they have unrealistic expectations and showed willingness to practice on an ongoing basis, so I was never altered as to any type of "hype".
I don't know what people consider legit, or not, when I learned trading I did it by going to the book store and buying books. I sat and read it, did charting and spoke to people who traded live, and some were even floor brokers.
I was very young when I realized how difficult markets are, and there is no method, system, "the way" that could consistently work. Today, without admitting it, many traders still seek red light/green light methods and many of their frustrations are the result of buying products that did not deliver their expectations.
So if you are someone who purchased literature in the past or are shopping around in order to further enhance your knowledge, I recommend you implement the following approach when it comes to trading:
I truly believe that the development of your own methodology has to be based on a sound understanding of the supply and demand of market prices. More specifically, a thorough understanding of the odds of whether the buyers or sellers are controlling the markets.
I discourage people from thinking in terms of red light/green light whereby you seek a method that has some sort of a probability that you think will work under all market conditions. Rather, we encourage you to seek out a set of tools (indicators/methodology) that can be used under different market conditions. Your experience over time will dictate which set of indicators will be better suited for the different markets you trade.
I encourage the understanding of a value-based approach where you DON’T look at prices only in terms of highs and lows, but rather in the value perceived at that point in time to other buyer and sellers. This approach will prevent you from attempting to catch the high and lows to the point where prices are just numbers.
Your frequency of trading should match your personality and tolerance and above all should only increase as your own trading experience increases. Overtime, you will actually find yourself feeling more comfortable trading certain markets at certain times of the day. There is no way quick-fire way to achieve this. Only time and patience will get you there.
THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
He seems to trade through Optimus so you would know if he is a fraud or not. If you believe he is a fraud then I'm sure you would want him to remove your logo from his blog
I guess its just another "potential stream" for them to make money. People will go to Ed's site, see the "so called" results, think wow this Ed person is amazing, lets sign up, oh and "Tell MATT I sent you."
I think if people went to BMF 1st, it would be a different ball game all together.