Jimmy Wong has two courses - beginner and advance. The price of each course is easily more than S$4k. During the course you’ll need to make a Non-disclosure agreement before the course begins.
He made his first pot of gold in forex as written in the newspaper. He has a mentor. He got plenty of awards from the commercial world and from the government. He has a group of traders who he specially selected as the Elite Team to trade. He drives lamborghini, luxury cars and motorbikes, a luxury yacht and lives in luxury houses (and maybe a private plane?) and have many businesses. And now an investor and a movie star.
Many followers (mostly his students). The strategies which he teaches in the course are considered to be basic and definitely not the only strategy he has to make a living (I think). I suspect he has more strategies where he could make from forex. I think his fortune is not just from forex alone. He has other businesses too.
Some people get disappointed after attending his course because students expected to become like him after attending his course. In the course he shows off some of his luxury possesses. In any way, who doesn’t want to show when one is rich?
I don’t exactly know how many of his students would become richer than before but sure enough his students supported him very much. For what reason? Don’t ask me.
Although he keeps saying that he is not an IB or affiliate to any forex broker, he uses TCforex in the course to show how his strategies would work. If you use his strategies on other broker, you won’t see the same result. In fact, every student needed to install MT4 from TCforex before coming to the class. After completed the courses, his workers would call you and ask whether you have registered a live account with TCForex and start trading. But they don’t force you.
You see the MT4 provided by different brokers would have different data. For example, one of his strategies which uses 2 SMA, you may see the SMA crosses one another in “A” broker’s MT4 and not in “B” broker’s MT4. This is because the data and spread is different for every broker. JW’s strategies were developed using the data from TCForex as mentioned by JW So, it is therefore, can only use on TCForex to get the results expected.
You can attend his seminar first before decide to sign up for this course. You can ask questions during the seminar but I can tell you that most likely you would not ask any question. Why? Because Jimmy would tell you that what he is going to teach is not holy grail. If you want a holy grail strategy then his course is not suitable for you. With that you probably too embarrass to ask question. You mostly likely think this is true - there is no holy grail strategy in the world. Hence you won’t ask any more question. Not that you cannot ask questions. you would probably ask something like - do you need experience to use his strategies or is it complicate to learn…such things. Nobody will ask - will the strategy makes me rich, will the strategy gives sure win trade, how you derive your strategies? what is the logic behind, blah,blah… But then you still can ask him such questions if you really want to get the worth of your fee. He’ll still give you an answer.
During the course he would demonstrate his trading live. He will show you how accurate he is predicting a trade in USD/JPY before one of the news being announced. The trade almost always goes the direction he predicted. You will find that the strategies he taught in the beginner class will not be able to predict like he does. Why? I don’t know. Maybe one has to learn in his advance course. That why there is beginner and advance courses. If you attend both courses, the price can easily come to about $8k. Still, after attending these two courses, would you become as rich as him. I think nobody would tell. I known more than 10 people who attended either one or both of his courses, I yet to see them driving a porshe.
Forex is all about emotion and money management. In fact, if you have studied forex carefully, you would understand that any forex strategy would work successfully. Believe me even a three year old child can be a successful and profitable trader provided he/she can control his/her emotion very well and adhere strictly to a set of money management strategy.
Even a pro makes losses every now and then. Jimmy Wong is not a god of forex. He comes to this far is not without going through many failures. I heard he almost got broke.
You still think he is a conman? He did not cheat you for the money. People are funny kind. When you are rich and you want to teach people how to get rich. But then people doubt about you. You can’t expect the rich will make you rich immediately overnight, right? He teaches one or two of tricks to get you enlightened, the rest is up to yourself. You are not expecting the rich to share their fortune with you just like that, are you? If you want get rich fast, I give you this email and you can wish for it. If He heard you and think you deserved it, He will make you rich overnight.
Whether you can become as successful as he is very much depend on how well you can control your emotion and how well you adhere to the money management he taught you. It is just like flipping a coin. There is 50/50% of getting a head or a tail each time you flip the coin. But if you can control the flipping force and the way you flip the coin, chances are the probability of getting a head would be more than tail or vice-versa. You know that this is not easy. Similarly in Forex, it is not easy to control one’s emotion and adhere strictly to a set of money management. By the time you are able to do that, most likely you have had made many losses. so you see, one needs to learn from failures before you could understand what is successful. In fact every successful forex trader would tell you these two important things. Please, there is no such thing as “successful Trader” in any trading business. Successful trader means one does not make a failure trade. Please, even pro make losses. At the end of the day, the bottomline is profit. Even making $1 at the end is still consider successful. Agree?