DislikedI find it truly astounding that anyone would call legit a so-called "trader" that claims to provide valuable education to retail clients and yet that cannot provide the slightest hint of any third-party audited track-record. That a hedge-fund cannot provide their track-record to the retail world is a regulatory issue and I understand that. But that someone claiming to mentor retail clients cannot provide any proof of his performance through a simple Myfxbook tracking is a lame excuse and downright ridiculous. Instead, what you get as "proof" are...Ignored
(binned per thread starter’s request) Is this guy trustworthy?
- #46
- Aug 5, 2017 1:34pm Aug 5, 2017 1:34pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
{quote} Let me ask you this then. Have you been able to see/verify ANY third-party audited track-record from these "traders" that gave away their "edge"? Have you been able to see/verify ANY third-party audited track-record from their students? I have not. The fact is that these self-proclaimed mentors will label their method as an edge while, oddly enough, these methods use relative concepts that are subject to anyone's interpretation (mostly relying on price patterns) and/or which profitability has never been proven nor observed in live trading...
To be honest, you kind of misunderstand how trading works. I know because I worked in a prop firm for 4 years out of university. I was surrounded by successful traders every day. I also saw loads of them get cut loose due to poor performance. I made a shit load of money and I blew up more than once.
I decided to get back into trading this summer after a while out. I will be using the skills I learned there to get back at it.
There is no such thing as a 'system that prints money' .... The edge is understanding the markets and then being able to trade it while managing your own mind. George Soros doesn't sit there with his 'system' ... In fact, if you read about the famous GBP trade he literally did his homework, made up his mind about how it would play out, cupped his balls and then took a huge bet. That's basically trading.
You don't like to hear that because it isn't a nice pretty system that you can write down on some paper and measure with a spreadsheet ... But sadly, someone like you would be cut loose into the gutter after the first 3 months. Your mindset is just wrong.
If you trained in a prop firm you would be taught fundamentals first and foremost. Fact. There is no debate about this. There is an element of technicals and risk management and most of our live coaching was done with a performance coach. We worked mostly on our mindset and emotional control. NOT systems.
If you went to the interview talking about 'systems' and 'edges' you wouldn't get past round one.
The biggest thing the firm cared about was your risk. If you lost too much then you were cut off. No one taught us a 'system' that could be followed mechanically and tracked in a spreadsheet. That is just a mythical fantasy invented by retail traders that have never actually made money in the markets.
Your issue with mentors is also amateur.
Even the greatest athletes in the world have coaches. Do you think that Leo Messi's coach is a better footballer than him? No. But he works with a coach EVERY DAY.
I had a mentor for the entire time I was trading there. In a bank, you will have to trade next to your mentor for at least 4 years before they give you capital to trade alone.
Finding the right one is a personal choice. When I left uni ... I would have given my right arm to learn from a pit trader that lost all his money. His experience would still have been invaluable. If you walked into goldman sachs with your little myfxbook link you would be laughed out of the place. There is a huge difference between retail and professionals.
Basically, you seem to view things in a very linear manner that is totally at odds with how the real world of trading works. I'm sure you're a nice guy but your 'advice' about trading makes you sound very amateur
ok, this guy is really getting on my nerves now. I have tried unsubbing from what I can, but him and his countless scam emails still seem to reach me, even if I mark them as junk, still get to my inbox folder, got to give it to his marketing team, as that's the only thing that seems to be good at. I mean seriously, a email titled "What really moves currency prices", for gods sake, countless times this subject is touched upon and such a low way to entice people to read the mail. I can't believe that I started off praising Jarratt. How wrong I was,...
YOU'RE getting on our nerves!
We do appreciate your play by play on what's happening in your inbox but I think it's time you opened the curtains and went outside to find a hobby
- #51
- Edited 4:03pm Aug 12, 2017 2:58pm | Edited 4:03pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
{quote} YOU'RE getting on our nerves! We do appreciate your play by play on what's happening in your inbox but I think it's time you opened the curtains and went outside to find a hobby
and do many things 95% of the population would only dream of being able to do due to my own effort of which many know I have shared quite freely to anyone who had the desire to learn. No need to worry about me. So next time, before you try to look clever writing what you wrote to me, it may be an idea to sit back and do a little thinking before tapping those keys By the looks of things, I think you need to heed your own advice, just a thought
..... and with that, can we now please stay on topic, of which the forum is for, and this thread is entitled to, thank you.
{quote} Believe me my friend, as a full time retail trader, I have plenty of time, and took on many many hobbies, cars being my biggest love, as my twitter followers would know with my recent purchases lol. Infact the only reason I have not been able to post until 9pm this evening was because I have been out all day on a Supercar drive-through in London for Charity,...
You definitely come across as a full-time trader .....
I do not have to provide anything to you or anyone else. The trading statements on my site are all genuine statements, and anyone that wishes to take my course can do their own due diligence before they part with any money. If they are not happy with what i provide then they are welcome to look elsewhere. People like you are what is wrong with this site, attacking people for no reason to get your kicks. If you are such a big shot reply to my private message with your contact details and we can sort this issue out.
I have spent days days watching price continue as i waited for macro reversal. But reality is if environment supports it then why not take the short term trade? I will be. Much money to be made.
- #59
- Edited 11:01pm Aug 13, 2017 11:55am | Edited 11:01pm
- Joined Sep 2006 | Status: ... | 8,113 Posts
Makes yer proud to be a kiwi.
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Marketing automation called subscribers segmentation.
BTW https://www.barclayhedge.com/ has nothing to do with the real Braclay bank.
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To be honest, you kind of misunderstand how trading works........
Institutional traders think and operate VERY differently to amateur/retail traders. Many of the techniques they use involve a good understanding of economic flows, inter-market relationships, analysis of prevailing sentiment, vagaries in volumes/liquidity -- i.e. underlying market drivers and building blocks. Admittedly they also have access to specialist expertise, superior information, technology, vastly more capital, and lower dealing costs, all of which are not available to retail traders.
Profitable trading is ultimately about having the right kind of knowledge, and several years' experience that teaches you how and when to apply it. Even quant trading uses algos that are grounded in robust market principles. Whereas many amateur traders -- supposedly lured by the hope of easy money -- are easily conned by br0kers and system sellers who proliferate the impression that the markets can be conquered by simply running an EA that uses a few simple technicals (and possibly some kind of dodgy/unsustainable MM). In other words, material that would be laughed at by the likes of Goldmans, just like you said.