I recommended the course for a few reasons:
- It’s $20 dollars, regularly it’s around $200.
- You receive free access to fxtrek desktop for one month, it costs $100 per month to pay for it and is a very nice charting platform…too expensive for my taste though.
-You work through the lessons that are posted each day on the forum, it is similar to the babypips school.
-The difference, and the main reason why i recommend the course is that, after each lesson you are to find a trade based on whatever was taught, place the trade in your demo account and then post the chart setup/reason why on the forum. The instructors will then critique your trade and offer advice, mistakes you made, things that could’ve been done better, etc. You can post more then one trade, they will critique it all. You are also able to ask questions in the forum. The instructors are all traders themselves and do offer their insight and advice. You can also email them for up to a year afterwards with questions and they will reply back.
The course in general does lean towards longer term trading as does the instructors advice, however you will find most people will recommend that, myself included. The shorter the time frame, the more random the price action is which makes it much harder to predict. What I wish the course did teach, was a trading plan. Unfortunately it does not, and that is where someones help or blunt honesty is needed most. A few books offer insight into making a trading plan and trading strategy, the ones that were good are:
“Mastering the Trade,” John Carter
"The Essentials of Trading," John Forman
John Forman, known here as RhodyTrader, aside from his book also offers a course on creating a trading plan. I’m currently taking it, and have been very happy with it thus far. It was worth the money. He also is starting to offer to coach people at the price of $300 dollars per month last time I checked. It is much cheaper then the other offers I see, and I feel he can be trusted. However, in my opinion it is still too expensive for my blood. Much more reasonable then everyone else that I’ve sen though.
The latest trend seems to be about finding some mentor, it’s the only way!!! If you ask me, it’s a ripoff for the price they’re asking vs what they’re actually offering. It is certainly not the only way to become a profitable trader.