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Ask them for prof , they can trade on the time frame their educational package covers . In a trade room ask them to show their dome . If software goes with the educational package at a cost between 3000 to 10,000 its a scam for 100 % sure . If their teaching order flow , is very likely going to cause problems unless you have been trading 5 years .
Can you help answer these questions from other members on NexusFi?
Not only that, you need to watch them trade for at least a couple of months. They need to make profit every single trading day of that time. If they can't they are lacking in their capability.
Ok, maybe a little bit too high of expectations. But, they should be able to make money over that time, and have some nice statistics where they are not losing all the time. Losing all the time, and then, having one lucky big trade is one method some people trade, but they certainly have a hard time producing profits over time. They certainly take the hard and difficult path to profit. It is likely that their strategy is just not very good. But, if they are having fun, more power to them.
Someone claiming to be profitable every day would actually raise a huge red flag with me. Even every week, or month on a long enough data period (and depending on the trading style) would be suspicious to me. Unless you have found another Madoff or LTCM of course.
That's the thing. People who are consistently profitable in trading or investing are not likely going to be claiming anything. If they do, they are probably scam artists. There are people who are consistently profitable. Some of them we have heard of. Not a single one of them shared their strategies when they were trading. They never taught another soul to trade. There very well could be people who have rooms that charge by the month that have some capabilities. If you trade and share you strategy with others, you must have disclaimers saying it is or educational purposes only. You have to say that no one should ever trade this strategy in a real environment. Otherwise, the Sec will fine you or jail you for market manipulation. You can share trading strategies if you don't actually trade. Its all far too much trouble when your investing is making you a passive income, and you trade short term on the side for fun with an account size that is a small portion of your overall net worth. There are some books I've read that help people to learn how to trade. Most books are not any good. Mostly, you have to learn to trade on your own through experience. It is a terribly difficult process, and takes years and years, maybe even decades.
