what are your honest opinions of these folks, anyone currently trade forex or the e-mini and have success with them??? thanks for your responses, tiago
I've been a paid member of the Traders International forex room for 6 months and I do not recommend this company. Although the effort put out by Erica has been very consistent the results have been poor. There is a theme of "Learn as you earn" when the service is being promoted to potential customers but the education and approach to being able to trade on your own is not delivered. My account losses after taking Erica's trades have been significant since December 2009 and I'm no longer taking her trades because of it. I am keeping track of her results as I am paid for a few more months.
There have been significant discrepencies in the results of the traders and the posted results of the TI team. Given my experience and negative comments I should say there there are people who have done very well with Erica and are extremely loyal. My take away from this experience is that I needed to do more due diligence before signing up with TI and a lot more homework on what was going to be taught and how to be sure I was getting what I wanted. That is my fault. If you expect to learn how to analyze a chart, use RSI, FIB, major and minor support etc, forget it you won't get any of that. TI/Erica promotes their proprietary "E-Band" indicators which were NOT reliable. Erica also calls 10 to 15 trades per day which offers your broker a very nice commission per month if you multiply by 16 days at 4 days a week.
Erica Villalon is an expert trader, no question in my mind about that. The company is oriented to a monthly fee strategy where you never get off the pay plan and trade on your own. If this is what you want then they are a good choice but the introductory fee of $6000 is a LOT so shop around. I'm not out to hurt TI as I believe Erica's heart is in the right place and she wants the best for her clients. This just wasn't what it was sold to be and I never got the significant results promised and many others didn't as well.
