Experience at Live Trading Rooms | Trading Reviews and Vendors


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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Experience at Live Trading Rooms

  #196 (permalink)

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Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Not all vendors are evil. Most seem to be, unfortunately -- but not all.

There are some who are honest people, who do not load up their website with outrageous claims and marketing propaganda, do not promise the holy grail, do not show how to double your account in a month, etc.

These same people have every right to charge for their time. Whether they make hundreds, thousands, or millions from their own trading - they still have a right to treat this venture as a business, and to charge for their time. Their time is valuable. I have no problem coming to that realization.

Of course the real challenge is finding an honest vendor that meets the above criteria. And the users, the customers, they don't make it easy. Why? Because most of them are unwilling to put in any time, learn anything other than a "red to blue" trading system, and expect everything to make them rich. After weeks/months/years of dealing with such people, it is easy to lose your own perspective, as you try to accommodate these customers.

Anyway, I don't recommend any vendors. I recommend futures.io (formerly BMT) I've also turned down 100% of all vendors who have approached me wanting to advertise banners on the site for their trading system, methodology, system, etc. But I also have to say not all vendors are evil, and the argument of "those who can't - teach", while true for the majority, is not true of everyone.

The best thing a typical user trying to learn to trade can do --- ask lots of questions before spending any money, ask specifically what one-on-one personalized training and coaching will be included for you, get a written refund policy, and get a written schedule of what training and materials will be provided for their purchase. If any of the material is over-the-top, too good to be true, or if the vendor is unwilling to provide this material prior to a purchase, then just move on. Personally, I would be looking for a "coach" - not a "system", "indicator", etc.

Mike

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