Advice on purchasing online courses

Beginner Questions
11

Nothing like most of its viewers’ experiences is likely to be … for the simple reason that I’d already ploughed through (and believe me, “ploughed through” is an appropriate expression!) his difficult textbooks a couple of times each, when I did it, and I’d already been making what anyone would call a decent living for a couple of years (trading price action, based on using techniques from his books, Bob Volman’s and Joe Ross’s) [B][U]before[/U][/B] I even saw it. So I was only “checking it out”, really. Because as you rightly say, it’s a steal for $250.

I was very pleasantly surprised by it and could see that (to anyone, I think!) it’s far more approachable than his books (which, by the way, you don’t need to have read, to do it).

As I remember, it’s about 55 videos adding up to about 35 hours of content.

My [U]only[/U] reservation in recommending it to you is that I have absolutely no idea how much experience you have, and it’s possible that someone with very little might still find it difficult. But I can’t assess that.

I’m as confident as I can be that you won’t be back later saying “Well, that was a damn waste of money”, anyway, and for what it’s worth, I don’t recommend things lightly.

But Al Brooks is definitely “one of the good guys” and “the Real Thing” - this much I can tell you. He’s technically a vendor, in that he’s marketing a product and making something out of it, and in the murky world of forex, one is well advised, in principle, to look askance at vendors, but “being a vendor” is definitely not his primary income: he’s been an extremely successful trader for decades. I happen to know this beyond any “marketing messages”, because his former occupation (which he gave up only because he was earning more from trading than from his career) was the same as my mother’s job - and it’s a relatively small world and she “knows people who know him” and all the rest of it, so I do actually know from reliable, non-trading sources that his “story” checks out.

I suggest you have a good look through the course contents, which must be listed on his site? And if you feel like “Yes, I’d like to know about that”, try it. But if you feel like “I have no idea what any of these words even means”, maybe think again??

12

Thank you Lexy, I’ll look into it. I literally just started forex a week ago, so I do not have any experience at all. Hence, why I’m asking a lot of questions.

13

He is futures trader not forex ,very different
i read 3 of his book in pdf format , its only for traders .
I would also recommend investopedia

14

He is - he trades mostly ES, which I’ve never traded at all, but his video trading course is designed to be applicable to forex, among other kinds of trading (you don’t need to take my word for this: it’s explained on his website).

In my opinion, not so at all: the price action principles he teaches are the same for both index futures and forex: they’re both widely-traded, highly liquid, almost 24-hour markets, after all.

15

I look at like this, do you think buying a 3,000 dollar set of golf clubs and another 3K for lessons is going to get you on the PGA tour. Not a chance, save your money, The pip school here on babbypips is better then most courses you pay for. Then once you get the basics there are places for additional knowledge that cost little and many are free

2 Likes
16

Great advice, I’m with this one. There is plenty of stuff available free online, all you need to do is search for it

17

And somehow, perhaps magically, have some way - [I]with absolutely no previous knowledge or experience at all[/I] - of distinguishing between the 75% of it that’s misguided nonsense and the 25% of it that may have some value? I certainly wasn’t able to do that, myself, when I was starting, and I don’t think I know anyone else who was, either. That’s why I so strongly recommend [B][U]avoiding[/U][/B] free, online “information”. That’s what most people try to use - and look at the overall success-rates in forex trading resulting from it. :35:

18

A lot of such “online trading courses” are just scams looking to rip you off. You had better invest in textbooks and taking the time to speak with experienced traders in person.

20

Very helpful opinions and ideas, good to hear different points of view.

21

Hi Pierre,

I know you are really excited right now to learn everything.
I was in the same boat like you. you can use my point of view and experience in order you don’t make the same mistake like i did.

  • first I spend more than $30k to join almost 20 webminar (including what you want to enter), seminar and bought their indicator. ( i joined advanced pattern course, elliot wave course, volume spread analysis course and lot of trading strategy ).

What did i get?

  • the more i follow lot of strategy and course the more i’m confused, every people have their own unique entry and exit strategy. but i never able to follow all of them. this why you must learn all forex jargon and theory. not all course good but not all course are bad if you already understand the theory and jargon.
  • the benefit when i’m following the course, i never blow my account. it is just stay the same.
  • some of the course are too commercial, they giving you promotion of their indicator and everything. up until now i spend more than $5k to buy indicator and put it in the trash. in my point of view best indicator is my brain and eyes. even the indicator i’m using right now is free. indicator was made for each person interest, so different people different interest. but you can find basic indicator in the internet for free.

O.k last but not least, When i followed a lot of course together, it is like hell learning everything everyday. it is so stressfull i test every strategy in different account in order to know which is the best, but turn out i could not use the strategy and even send me to the hospital since i did this for about 4 months and i did not get enough sleep. and i suggest you don’t do the same like me.
But when i’m in the hospital and I have more clear mind. following all the class or course together make me realize something and this is really important that can change my way of thinking in trading.
Even every class and course have different strategy to enter the market, stop loss and taking profit. but One thing that connect all the dots here.
Every course teacher when they say they want to sell with their own strategy, 90% of the teacher always said they also want to sell. Than i realize “this is it” there is something that i need to know what makes them have decision even their strategy is different. this is what i need to know.
Than after back from hospital i strated to check all over from 0. after that something cross in my mind about art of war. if you want to penetrate your enemy you need strategy, but every general before they made strategy they will send someone become a spy and “ANALYSE”!!! enemy power and teritory.

That’s why I always teach my friend do analyze first than learn the strategy. learn from e teacher or course who can teach you “WHAT ANALYSIS AND BASED ON WHAT SO THEY CAN MAKE THIS STRATEGY”
and based on my experience 3-4 years ago. there is none one single course that teach me why this strategy has been made off. They only teach me what strategy that they using.
I don’t know the forex course right now, but hopefully the could give you more than they did to me last several years ago.

Just a few advise:
Please learn how to use correct trend line, fibonacci, divergent. this is really helpful
please learn theory about market analysis such as elliot wave and volume spread analysis.

If you have more question you just can post it. and some of the senior member will help you or when i’m available I will help you the best i could since i also have a resposibility in my trading company. i will not online everyday.

Good Luck Bro

22

I disagree about the books. It has been proven that it’s not the access to the information that guarantees success but the discipline and constant personal efforts.
For instance you have access to humanity’s knowledge via google and your smartphone and yet most people are there to watch funny cat’s videos. If you have access to advanced scientific papers does it mean that you will become Ray Kurzweil? No.
Michio Kakku got enrolled in Harvard because he was making stuff in his garage and Kurzweil is director of engineering at Google because he wrote a book about nanorobots in your brains connecting to the cloud and downloading informations inside your brain.

So the acess of information is meaningless. It’s what you do with it that matters.
No book can teach you discipline and failure.

However mentoring is quite important and can help you save some time.

23

Be aware that success-rates in forex trading are [B][U]very low- [/QUOTE]

I hate this quote its total garbae tnfron around the net my strike rates 90 peecent totall fools who ever started this common myth

24

I’ve spent money at Trade Empowered, after I already knew how to analyze price action. Jason is a salesman interested in making money, and if he happens to help someone accidently then great. Don’t waste your money. He and Akil have free youtube content, but don’t waste your money on his courses. You can learn harmonics and price action without wasting thousands. TE is a selling routine, just like when you walk on to a car lot.

25

[QUOTE=pierre306;780781]Hi,

I am a college student currently taking an interest in learning the market, I’ve already started learning from pipsology, and tradimo.com. I usually take quizzes offer in pipsology as well jotting notes down. One of the strategies I’ve been doing as I learn, I would read a lesson from pipsology, then go to tradimo and read a lesson covering the same subject. I started a demo account with FXCM. I have 10k to invest (started saving since I was 15 years old). I’m now 20; I want to know if anyone here heard of tradeempowered.com? If online courses are worth to buy in the long run? The courses are relatively expensive; the Syndicate Training Program is probably the cheapest one $297 it offers Professional Training, Real Time Trading, Live Broadcast, and Expert Analysis. The advance pattern one is $497 ( only has eight videos), but it’s concise and clear according to Jason(the teacher). The 12 weeks transformation program is 7k, but for right now it’s $3997, (it offers access to a lot of things).I don’t expect to become a full-time trader, just a part time trader while focusing on my career in Accounting in the future; once I graduate in 2 years. I also know it’s going to take patience and dedication to become a profitable trader. I planned to trade in the demo for a year or maybe shorter before going live. Start with a small account play with the micro lots; once I notice I am continuously profitable that’s when I’ll invest the 10k. I also know as a trader you’re expected to lose a lot which is understandable.[/QUOTE]

[QUOTE=pierre306;780806]Thank you guys for the feedback, what are some good other resources ( online sites, books, videos on youtube, etc…) that help you guys on your journey? Once I finish pipsology & tradimo, I would like to know what else I could do to pursue my learning into the market that will not only teach me how to trade, but to develop good trading habits as well. I know having experience in the “war-zone” has a big part to teach me the trading aspect of it as well as picking up good or bad habits along the way.

Also, would you guys suggest for me to put a little bit of money into stocks, futures, options or even real estate? In the future, I plan to invest in a lot of things, but I want to hear your opinion on this.[/QUOTE]

Hi Pierre306: Hope that you are doing good. Yeah me too agree that following too much e-course on trading strategy will make you feels like having a pain in a neck. You’ll stuck out sooner or later. The underlying reason behind this is that the line that you should draw (understand what is Forex Market is all about and the basic of trading) is not available yet within you. What most of the course are telling you is 90% about strategy. They start teaching you about the Technical Analysis and the worst part is they only teach you Technical Analysis rather than Forex Fundamental as well Fundamental Analysis. Forex Market is look calm but it is rough in the inside. You will get drown straight away if you only know how to swim but do not how to counter the challenges. Why? What’s is wrong with challenges? Yeap. it is because you will realize later that all the beautiful saying about trend is a friend is totally wrong just after you execute your position. So… What is this? Why is it happen. For your info it happens and it will happens most of the time and it will make you so uncomfortable. Of course in this situation many newbies will get frightened out and exit the position immediately after that. However, when newbies open again the chart to see what is happening the price have gone back as per the initial plan. Unfortunately, the the position is not there anymore at this time. What to do now? Frust? Perhaps… Ironically… The price continue to move as per the initial plan and almost reaching the initial plan Target Point. When this kind of situation happens again and again upon the 10th times 70% to 90% of the newbies now entering the position with revenge. Yeap. Of course… It’s a big no no. That’s it… You will know how it is going to end. Well… This chronology depicts the important of Risk Management and Trading Psychology. These 2 points is the most important part to understand prior and hence conformance once you have executed your position. Why?It is because these 2 points will make you stick with your plan no matter how it’s going to end. Also, these 2 points will make you stay longer in your trading. The most important thing is that these 2 points will safe your hard earn money that you transferred into your account initially. Why? It is because Forex Market is not a place called Holly Grail, it is the high performance probability income place. The question is when? Yeap we are not god or a saint to know that. So what we must do is to be perseverance longer. With that if the opportunity come we will be ready to hit it. So before you trade in Forex Market please make yourself very clear about these 4 pillars. It may have a lot of approach but find the one that is really works and enhance yourself gradually until you can are able to get your own tune:

  1. Fundamental Analysis
  2. Technical Analysis
  3. Risk Management
  4. Trading Psychology

I will share here my notes to you as well as to the newbies who really think they have the passion to be in the trading world. This is notes is about what is Forex Market all about generally and covers the 4 Pillars Trading in summary. Don’t end it here. This is just the guidelines. Go and find more to suit it to yourself. You are always welcome to read and gain the knowledge. Hope these helps you and to the newbies…

26

I was just browsing through some articles on internet, when i came across something about trade empowered.
Apparently Scott Carney is suing their asses for plagiarism.
Seems he to stated that their venture,isnt all what it is cracked up to be.

27

Concerning JS you can find their courses on illegal sites (I do not say to do it :p).

Considering that the major success of a trader is not material he uses but discipline and constant work, the arguments above are useless.
If it takes you to pay 3k to become disciplined so do it, if not a meeting with Warren Buffett wouldn’t even help.
I have tried their stuff. It is more headed to develop a trading plan and discipline.

Yes JS is a salesman. But hey you can learn how to program online and get enrolled in Google if you are good. You don’t need to go to harvard, but will you do it if you don’t pay 50k tuition fees? The question is what stops you from doing this. It’s not money, it’s not the lack of information. It’s just the lazyness because you need to get your ass tight and code for hours everyday.
This is the real sad truth.
Expect working hard for a year before getting some results.

I hope to see more action and less excuses like it’s too expensive, too hard, too long.

28

hi, I have know ICT Mentorship – The Inner Circle Trader. You can refer the course. Contact me. I will suggest the link. I can’t put the link website. Because I am new user.

29

Please do not. They are a ripoff. Learn as much as you can about how to follow price action trends (via candlestick charts) and how to chart lines of support and resistance. Look at high volume movers to start with. Not all charts are created equal so keep looking. Start with wall street journals top gainers or most active

30

Thanks. I appreciate your mind.

31

well as far as am concerned am not totally a fan of purchasing online courses but that doesn’t make it look like its a totally bad thing to do, the problem is the exhaustive amount the sellers place on it tho , as it seems this so called forex gurus and mentors only enlighten you on something they think will work or things theyve being using so if you think there’s one mentor out there that you wish to know his methods clearly because they suit you then go for it , but about the price you can just get the combined fx courses at a discounted price