if you are talking about gerchik he is complete trash with his rubbish promotion about his own educational product which is worst than a adam khoos education…
It is awfully sad people are fixated on these guys who claim to have magic systems and are highly profitable because they worked for a bank. It really doesn’t matter if you started trading at home or worked for a bank, the markets don’t pity anyone, so whether you buy a course, DIY or go to a prop firm… the stats say 90% of all traders are likely to fail due to lack of skill, market inefficiencies and cost of trading. So just bare that in mind.
Last year hedgefunds lost money on mass infact 80% of all hedgefunds failed to show a return with losses greater than 10%. In fact it was so bad that most investors pulled their money and set up family offices (please listen to Erik Townsend interview on Chat with traders), so it really does not matter. That’s fact.
I think as a new trader, you need to first figure out the market you want to trade, cost associated and horizon you want to invest over. Also the tools you need… for example most traders start with MT4 but if you are serious you may really have to consider, something like Sierra charts or jigsaw, this means paying for a feed. Again trading for a few hundred a week is different from managing a portfolio of millions… What good is learning all this portfolio juggling if you are not planning to be an active portfolio manager of millions? Keep it super simple, you will do okay… Don’t be Debenhams if you don’t have the budget for it.
Don’t buy the cool aid…These guys all know what you think of them and they will use that to get your money, it’s not that they won’t teach you something worth knowing, it will be completely useless, in fact you are likely to take the information and sell it to others or start asking to get a job with these guys in hope they can lead you to the money…In my opinion it’s all pointless.
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You say there are better programmes out there, can you name them please