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I did not intend to knock their service in anyway as I have not used their services or know much about them other than a quick overview of the site. Are they good traders? It is very possible but I don't know. Are they good teachers? A lot of people seem to think so, so I have no reason to doubt them. Are they good marketers? This I can say yes because they have done a terrific job selling their product. That is all I was trying to say in a very short joking manner. Sorry if I had implied they where dishonest, I can not say that because I do not know much about them.
Can you help answer these questions from other members on NexusFi?
I got an invitation from optimus (Matt) to inform me that opentrader will hold a webinar tomorrow (Thursday, March 28, 2013 4:00 PM - 5:30 PM CDT). You can register here:
Attended the webinar.... hard sell as expected....
They AGAIN mentioned about posting results (as they did here.... but not as yet?)... now they will be posting on there own website in May (if i heard correctly)..... 60 days refund now down to 30days....
The guys just posted a video on some execution errors they made today, and what can be learned from it. Pretty rare to see a vendor admit that they are not the almighty gods of trading and that they could have done better.
I follow Awais on twitter, he is good. He makes his levels and analysis available each day after the fact to non-members, and i must say he is a talented analyst. Wouldn't it be great though if we could just pay 50 bucks per month to have someone trade for us to the tune of 100k-unlimited per year. No one would be doing that... My only drawback to a lot of these online trading venues is the scale of profits they are making from the analysis and chat room service. A few thousand people paying a couple hundred per month is millions per year pretty quickly. Do you really trust taking advice from a trader who makes more money from selling the advice than the trades, not unless they rae Goldman Sachs.. hahah
That said, if I had the money I'd join them all and learn as much as I could from talented analysts like Awais...
They made a big production about doing it on their blog months ago and haven't ever done it.
I know there are different opinions about the significance of NOT showing brokerage statements but I feel that if a person knows how to trade and actually trades, why not show records? That removes all doubt from their students' minds and really helps them make progress. There's absolutely NO legitimate reason NOT to show proof that they not only know how to trade but actually DO trade.
I signed up for their course, went through the entire thing and then got a refund. Their videos are professional but VERY vague. They just drone ON and ON and ON about academic, theoretical concepts and are very short on actionable guidance. Their "coaching" consists of a weekly webinar where they continue to speak in generalities and vague platitudes. Complete waste of time IMO. These guys are no different than most other vendors.
If they ever do start posting brokerage statements, I'll be shocked.
I actually was on their Beta program so I had it Free. Yes free as I was lucky to get invited!!. They had all content in the Beta program except the Trader psychology section. But I also went ahead and bought the program. I think personally it was an excellent decision. The psyco section itself is a plus for me. But I guess everyone's situation is different & opinions matter.
i also met Awais & Ziad in Vegas as they had a trader meet & I was there for some personal work....so the timing was good.
Guys, what I realized in my trading journey.....& it is just my humble opinion. The best of teaching/the best of tools will not make me the best trader & a profitable trader. I have access to the Best which is out there in terms of Indicators/tools/equipment/etc & ofcourse education which the thread is about.Even if i had the best trader sitting next to me I realize now that i could not replicate his performance. But I realize that at the end, it is me and only me which deals at market interpretation & execution.
Anyways I feel the course is excellent and has real nuggets.. and thats what I feel when i went thru the contents. I think there is a moneyback guarantee which is good.
I didn't say there was no value in the course at all. My point is that they claim to be actual traders and I'm convinced that they're not.
Their course probably would be useful to people without much knowledge or experience but after you've been at this for a while and have taken several "courses" from people who don't actually know how to trade, you find more theory a bit tedious.
What they present probably could be considered the beginning of a complete market analysis method but the beginning is the easy part. Following through to the end where the "educators" make actual, verifiable trades and prove that their method has a legitimate edge over a large sample size of trades is the difficult part. This is where they (like SO MANY others) come up short.
You make some good points about there being a lot more than just the education part required for successful trading, but the education part is definitely the first and most important requirement right?