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Shadowtraders system. Scam or real? (

  #108 (permalink)

Elite Member
san diego
Trading Experience: Intermediate
Platform: FXCM MarketScope, NT, Interactive brokers, AMP
Broker/Data: FXCM, Interactive Brokers
Favorite Futures: FOREX, IWM, SPY, XLE, NQ
Posts: 222 since Apr 2010
Thanks: 70 given, 126 received

I joined ST last week, and my initial impression is positive. I have spent thousands before on useless courses, but this course seems to be making a genuine effort to present a trading system and high quality information (more than what you can get in a book) to help new people learn trading. Their database has a detailed description of their indicators, trading videos illustrating many different concepts of trading and markets, videos showing the chart alongside the DOM in order to give precise instructions of how to make an entry, and a chat room with live trading. Also, in reference to previous posts, this system is completely different than Perry’s system. To say that they are the same because they both use fractals is like saying two systems that happen to use the MACD must be identical. Also, the system is scalable. One of the lead traders likes to counter trade and takes 3 ticks, however techniques are also taught for longer term trades. Today I traded 1 contract of NQ on NT's live simulation mode using their strategies and was up $200. This is very preliminary and only a first impression.

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