Thank you so much for the share Francescov… The course has been good so far. Much appreciated. A quick question, The Fib techniques Marko Cvjeticanin teaches is the same as the Forecasting course done by Sandy?
No it’s different. Sandy teach you how to use the calculator to find the percentage based on a price to calculate the Fibonacci, and then will sell you the story about the ancient maths etc… You will basically learn the method people used to trade when computer and charts online weren’t available. Pretty useless I would say.
The fact is that then you will not be able to apply Fibonacci on the charts that you will be trading on.
The other course will not contain bulls…it or long wind stories. It will not tell you how to use the calculator to find Fibonacci level. But will teach you how to use fibs using the tools that now all the online charts platform have included.
So it will be different
Thanks for the response Francescov… I was considering to take the Forecasting course this weekend, since it was marketed to me as the ultimate learning/technique. Hence wanted to reconfirm if Marko Cvjeticanin’s course and Sandy’s were similar. I think i’m getting to learn the same tool by paying a fraction of it on Udemy.
No problem, I am sure you will get a much better value and knowledge.
Marko Cvjeticanin’s Course is very valuable .
Last but no least, i thank you for YonatanDoron for sharings his valuable opinion. Becoz most of the people dont dare to share their failure, many of outside people after attended courses, but not make any profits/money, they tend to hide, they feel shame, I personal think that it is Okay to fail, becoz alike many entrepreneur outside, they are not overnight success, they all experience thousand of times failure, then only achieve their success of today. Also i appreciated this platform for us to look more clearly picture on those regardless it is Forex/ trading course, digital marketing course or any others.
Almost everything has already been said, I can add one single point to the discussion, though.
I attended Sandy’s course 4 or 5 years ago. Got caught by an event called “Never Work Again” from Success Resources, which I find, is the core of the bad.
Sandy himself is a pleasant guy, but what he teaches is not even basic.
You don’t even learn how to open an account and what a margin account essentially is.
You don’t learn what to look at, when selecting a broker and so on.
You just get five (back in the days) strategies that all don’t work.
I thought, the most important point is to manage emotions, which definitely is, so I, as an IT guy said to myself, why not let the computer do the job.
As Sandy’s strategies were very simple they were easy to implement and I’m pretty sure, I’ve done it correctly.
Backtesting 10 years backwards with high quality tickdata all these strategies lost money.
Not with one big fail, as Sandy always takes care of a stop loss, but with a real constant backdraw.
So, if you want to make a million …
… start with two and trade with these strategies.
He YonatanDoron ,
Thanks for sharing this … I am ever so grateful.
Thanks for sharing this. (After all my bla bla, there is an actual question for you at the end.)
Unfortunately I also attended Sandy’s Fast Profits seminar and I share your opinions. Very basic strategies (actually not even that, just a bunch of ideas on how to trade MA20 crossovers). He gave 2-3 ideas how to enter those trades and 3 different ways to exit them. No actual results were shown or what impact different combinations of his ideas have on trading success. Only thing he shows is that one trade a year when the market moves 30% (thanks to corona this year). He does not tell you that most of those MA crossover strategies have a success rate around 30%. With his Money Management strategy of “never risk more than 5% of your account” (quite high for a beginner) your account balance goes down rather quickly.
The return he is making you believe are possible, don’t make sense though. I backtested one of the possible combinations of his strategy (over the period of the last 20 years) and it was slightly better than just holding the asset. So it’s not a complete loss. But far away from his house in Spain stories …
As far as I remember, he did not share his actual results ever (and whether they are actually exceeding his income from selling his seminars …)
As in your case, his course somehow got me started and thinking. I now have developed a strategy (3-4 trades a week, maximum 1 trade per day) which promises around 10% profit per month which I’m quite happy with for a start. It’s backtested for a year (~55% success rate) and I’m trading it for a bit over a month now and I’m actually in profit right now.
Thank you so much for sharing your insights and opinion on this. It really helped me to put things in perspective.
You said you found a strategy which works for you with 80-90% success rate. Can you share what you are looking at? You don’t have to share the whole strategy, just a pointer would be nice. Then I have something to research (I’m still at the beginning of this whole journey and just want to explore what’s out there)
Thank you very much and I hope you’ll be able to enjoy traveling very soon again!
These Seminars are not worthy and he is doing this to earn a good amount of money only. People easily get scammed by his courses and waste their money as well as time. There are plenty of free online resources from where you can learn about trading. You can see the pivot points strategy on Babypips also. I would not recommend you to join any seminar by Sandy janeja.
Sandy Jadeja on the free Finspreads seminars, which allows you to meet him and gives you a flavor of what is on his courses, as I did. Some of the courses run by the spread bet companies can be quite good and offer good value if they are free. Quite often the speaker is promoting his private coaching services for which he/she charges a fee, doesn’t sound much of a scam.
Most seminars and webinars are a waste of time. Only some have some new insights to share.
The OP hasn’t been scammed.
He’s overpaid for a very basic course and then, even though he says the
he then pays more for the next 2.
Most courses are of dubious value, although value is subjective, and with nothing to prevent anyone setting up as a teacher or guru fx is full of them.
Take time to learn the basics. There’s a school here and one on another forum I use, probably more elsewhere. No need to pay. Stop wasting money.
Its disappointing that on an inherently capitalist website, many people make out they don’t distinguish between value and cost.
Paying for trading training is like paying for bottled water. Its a basic product. It contains no secret special ingredients. Someone else has done the work of collecting it, cleaning it up and packaging it. You get the whole package instantly as soon as you want it.
Bottled water isn’t cheap at any price. But it can be good value if you don’t have time or inclination to collect your own water.
Thank you sir for your precious time.
I have attended his first seminar in Mumbai in feb-19. It’s not really value for money but it changes my trading forever and would like to share with.
Can I get your mail ID for further communication.
Thank you sir.
As per my knowledge, reason for “price reacts to those numbers” is option resistance. Usually, on round figures option buyers ane sellers are active which create resistance or support.
Thank you for sharing.
I find you share the courses that you have taken and are very effective. can you share it with me . What is ICT? I also studied a lot of SANDY’s courses and it cost me a lot of money. [Removed for Forums policy violation] Thank you so much !
You can try free webinars advertising every now and then.
The Metatrader built-in indicator named BRAIN and hardwares HAND and EYES with clear chart makes you profitable. That’s all.
Indicator from other factories except BRAIN will make your pocket empty.