My opinion on Sam and Co is mixed. I’ve been trading and studying for 7 years now, and only recently became profitable. Zoning in on forex like most people I baught some ■■■■ courses and youtubed the ■■■■ out of technical analysis patterns etc. I went sam and co and did the jtp in 2018/2019. What they teach won’t make you profitable from my experience! However the technical analysis strategies have some value.
I came across a guy called anton kriel. Still some negative ■■■■ online about him however, he has a track record, worked for multiple investment banks and hedge funds, and was FCA registered when he lived in the UK, same with other mentors in the company, ITPM.
What I learnt, the opportunity in forex is limited due to the volatility. Fx is promoted for its liquidity compared to stocks but the vol is low in comparison. Most educators and brokers teach you the opposite of what to do, they teach short term trading, mostly technical analysis ■■■■, why so you trade a lot, lose money and they make money from commisons, spreads, IB agreements, and selling order flow to institutions, oh and also taking the opposite side of your trades. If your profitable, brokers need to hedge your trade and may breakeven or win a little on those positions but by deploying more of there capital to hedge. So if your profitable you are a pain in the arse.
Understand the fundamentals. For fx you should trade using a global macro strategy, assessing inflationary or deflationary conditions in an economy, both indecently and relative to another. Anton promotes holding positions for 1 to 3 months in fx but states you will find for less opportunity that you will in stocks. I do agree however by overlaying sam and co technicals to antons fundamentals I am seeing success by swing trading, holding positions by a few hours to a week on average. Also with prop firms, most of them are fx based, have rules against holding over weekends or high swaps and don’t even offer exotic pairs with higher vol. If they do offer stocks it’s large cap or major indices with lower vol. So they force you to trade low vol assets and day trade funding their profits. Prop funds make money from ib agreements and sign up fees and data, and taking opposite sides, brokers are similar and same with educators, all having credit lines from investment banks and then hedge fund with use the data in their ML models to create sophisticated automated strategies who they have teams of PhDs monitoring and updating or more traditional will have traders managing lomg short portfolios over 1 to 3 month time horizons. If you scalp your competing against ML bots and market makers or you slip through the cracks and adapt to pro trader approach, fundamentals first then TA. I still think it’s possible to be profitable in fx and usong prop firms etc, but just even harder. If you have limited capital go for it but be careful, if you have lots of capital, my opinion go to itpm take their courses and trade a stock and option portfolio, build a track record, become verified and resulted and raise more money.
Would be grateful if anyone has any opinions on my research.
Safe