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)
I am new here and this is my first question, I have been trading for about 2 years now with less experience in trading on the futures market S&P 500. I am looking for a (TRADING COURSE), or a mentor Please any recommendation. And how much is the course or the mentor
I really need help.
I was a total novice, had never traded anything before.
In July 2020 I met a professional futures trader, has managed a hedge fund in the past, he was 69 years old, still trades for himself. Upon asking many questions, he directed me to Target Trading Academy. I joined that month. It is solid education. They teach you the fundamentals, how to manage risk, and how to stay profitable.
I started with Patrick and learned his Market Profile method. Patrick is a drill sergeant. If you follow his system and learn it, you can make money. Stick with that basic MP method for 1-2 years. Then you can begin expanding your knowledge - AFTER you become profitable, and stay profitable for a year. But you've got to walk before you can run.
All of the TTA instructors are good. And there are some really amazing independent traders who stay in the trading rooms. You will get out of it what you put into it. Just stick with the basic MP method and don't get distracted by other things. We have to learn the fundamentals first.
I would venture very cautiously. Many trading courses/mentors are failed traders just trying to recover their own market losses by taking from students.
Look for proof of successful trading. Twitter screenshots do not qualify.
Also, make sure they teach what you want to learn. If you want to trade price action, you probably do not want to take an algo course, etc.
My rule of thumb "if it looks too good to be true, it probably is."
Use this forum.
There are some very knowedgable traders here.
If you have been trading for a few years you know the basics.
What exactly do you expect a course or mentor to do for you?
Ask some questions. Specific questions will get specific answers.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Be extremely cautious about looking for someone to teach you how to trade effectively. They are, after all, essentially promising they will teach you how to get rich. And quick too.
If seeing the words "get rich quick" together makes you feel uncomfortable, they should. I meant them to.
In this forum we see case after case of software vendors and training course vendors who have promised the moon, and then their disappointed customers realize they can't deliver -- and in some cases, never planned to, just wanted the money from hopeful traders looking for the answer to "how to do it. "
This does not mean that none of them are necessarily any good, but many are not. It's also a common thing for one trader to get a lot out of a vendor, but another to only have losses from using the same vendor's stuff. This is because you really can't be "taught" how to trade -- you will have to learn it, and applying someone else's answer is not necessarily going to help you. You might also consider the logic of the question, "If they're so good, why are they selling this for a few hundred (or thousand), instead of just trading it themselves and getting rich?" This is a question to always have in front of your mind as you consider someone's offerings.
With that said, if you take a look at the vendor reviews in the Trading Reviews and Vendors section, you will find actual customer reviews of a range of vendors. Some may sound good to you. Just be careful. It's a "let the buyer beware" world out there. You can access the reviews section from the main page of the site, or with this link: https://nexusfi.com/trading-reviews-vendors/
I am moving this thread from the generic "Traders Hideout" section to "Trading Reviews and Vendors," partially because that location is more descriptive, and partly because there are restrictions on who can post to a thread in the Review section: they will have to either be Elite members or to have had at least 10 prior posts, so at least we will have seen them here before. It is amazing how many pure spammers the moderators have to toss off the forum. Putting this thread in the Review section may cut down on the non-serious replies you get.
Good luck. This is a difficult journey you're on.
PS, I just saw @deaddog's post, and I agree strongly. Post in the forum about things you want to understand or use or do. You might want to start a trading journal and post your trades, even if they are only in sim, and invite discussion. And just read a lot of what's posted here. Join in when you think it's appropriate. Every single trader here has been in a place somewhat like where you are in now, and people will extend their help and suggestions, if you ask.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Yes Sir I know there are some knowledgeable traders here and that is the reason I sign up to be part of this great community and I said I am (NEW )(SUCCESSFUL PEOPLE DON’T REACH THEIR GOALS ALONE)
Maybe you misunderstood my question and now you are asking me another question
I really appreciate your response
but I think all paid-for trading courses on the internet are a scam in one way or another.
Don't @me with, "I know a guy who had results," or "I learned how to trade with a trading course," or something similar. I'm sure there are some exceptions somewhere.
IMO for the OP... spend that money elsewhere or lose it in the market. You'd probably learn more from losing that money on a few trades than you would a trading course.
Losing some money, if you don't let it knock you down, is a very good way to learn. You're going to lose some anyway, after all, so might as well learn while you do.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote