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YTR - YourTradingRoom.com review


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YTR - YourTradingRoom.com review

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  #1 (permalink)
 Bengaltiger 
Pickering, ON
 
Experience: Intermediate
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Does anybody have any experience with YTR, their methods, training, indicators and their Global Proprietary Trading opportunity?

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  #3 (permalink)
 Jones 
Stuttgart, Germany
 
Experience: Advanced
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Hi,

I had a look at their webpage and downloaded their GPT Member Info Package. Their package deal with education, indicators and system setup is 19997 bucks. I think they life from selling their package no matter how they trade. I downloaded the free booklet "The Truth about Day Trading" almost basic stuff with some system promotion.
There is another program out there to make you a prop trader which costs you only 120 /140 $ for a one month evaluation period. After this period, if successful they want to introduce you to a prop group for a job:
Topstep Trader with their Combine. I would be pleased to post a link but Im not already able to

Do anyone know about other programs or job offerings in the proprietary trading field? May we can collect them here?!

Cheers
jones

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  #4 (permalink)
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
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Bengaltiger,

did you already attend one of their webinars? I think of registering and will report back after....

Yours
jones

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  #5 (permalink)
 Bengaltiger 
Pickering, ON
 
Experience: Intermediate
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Jones View Post
Bengaltiger,

did you already attend one of their webinars? I think of registering and will report back after....

Yours
jones

Hi Jones,
Thanks for your feedback. I attended the webinar, read their ebook and had a 1-on-1 webinar as well to discuss their offer. YTR does have a good business plan which is good for them :-)
You pay up $20000 and then they "allow" you to trade their prop a/c for 1 year. During this time they regulate the size of the trades you can take - does not take much intelligence to realise that the max allowed will be equal to your $20000 that you have paid. In return you will also be able to attend their online trading room, use their trading methods/indicators, etc.
For a trader who knows how to trade and simply wishes to trade a prop a/c - not worth it!
For trader who wishes to learn how to trade - not worth it either!
What is good about them is that they are not "pushy" - they tell you upfront what it is all about and then it's your call.
All the best!

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  #6 (permalink)
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Bengaltiger View Post
Hi Jones,
Thanks for your feedback. I attended the webinar, read their ebook and had a 1-on-1 webinar as well to discuss their offer. YTR does have a good business plan which is good for them :-)
You pay up $20000 and then they "allow" you to trade their prop a/c for 1 year. During this time they regulate the size of the trades you can take - does not take much intelligence to realise that the max allowed will be equal to your $20000 that you have paid. In return you will also be able to attend their online trading room, use their trading methods/indicators, etc.
For a trader who knows how to trade and simply wishes to trade a prop a/c - not worth it!
For trader who wishes to learn how to trade - not worth it either!
What is good about them is that they are not "pushy" - they tell you upfront what it is all about and then it's your call.
All the best!

Do they have any figures on the success rate of people who are learning and go on to succeed?

Also - did they tell you how many in their prop firm are now trading the firms capital after going through this process.

If they are a legit prop firm, it should be easy to check them out. If they do offer the chance to rub shoulders with genuinely successful traders, it's not that bad a deal.

What instruments are you allowed to trade when you go for the prop deal?

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  #7 (permalink)
 RM99 
Austin, TX
 
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Here are my thoughts. I think YTR is nothing more than a prop trading firm that is able to keep large numbers of potential traders available, without actually having to pay them or commit to them. That way, they can always ride the horses that happen to be performing best as of late. They never have to go through any effort to switch horses to someone who has a hot hand and they always have a fresh group of candidates via the whole education and training aspect. It's pretty brilliant actually. They make money off the recruiting process, compared to typical prop trading firms that spend $ on human resources and bringing talent in.

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  #8 (permalink)
 Bengaltiger 
Pickering, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: 6E
 
Posts: 41 since Aug 2009
Thanks: 145 given, 43 received


DionysusToast View Post
Do they have any figures on the success rate of people who are learning and go on to succeed?

Also - did they tell you how many in their prop firm are now trading the firms capital after going through this process.

If they are a legit prop firm, it should be easy to check them out. If they do offer the chance to rub shoulders with genuinely successful traders, it's not that bad a deal.

What instruments are you allowed to trade when you go for the prop deal?

I did get all that information during the 1-on-1 webinar I attended with Sash @ YTR but truthfully because I was not overly keen on it having seen that it does not make sense to me, I have thrown away my notes (what I do remember is that they focus only on the Spot FX). Maybe you could ctc them directly, get the information and make up your mind.

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  #9 (permalink)
 Bengaltiger 
Pickering, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: 6E
 
Posts: 41 since Aug 2009
Thanks: 145 given, 43 received


RM99 View Post
Here are my thoughts. I think YTR is nothing more than a prop trading firm that is able to keep large numbers of potential traders available, without actually having to pay them or commit to them. That way, they can always ride the horses that happen to be performing best as of late. They never have to go through any effort to switch horses to someone who has a hot hand and they always have a fresh group of candidates via the whole education and training aspect. It's pretty brilliant actually. They make money off the recruiting process, compared to typical prop trading firms that spend $ on human resources and bringing talent in.

Bang on!! My thoughts exactly.

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  #10 (permalink)
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
 
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Posts: 32 since May 2011
Thanks: 17 given, 13 received


Hi @ All,

I made a list with all the prop firms where you have to pay to get in. If interested go there:


Cheers
Jones

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