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Al Brooks Trading Course (www.brookstradingcourse.com)


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Al Brooks Trading Course (www.brookstradingcourse.com)

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  #361 (permalink)
Hamburg, Germany
 
Experience: None
Platform: MetaTrader, Multicharts
Trading: FX
 
Posts: 38 since Sep 2016
Thanks: 18 given, 28 received

Al suggests beginners to consider SPY ETF, because one can practice trading with position size as small as necessary.
I wonder if a CFD from my NDD broker would also be ok for this purpose. They claim to offer an average spread of 0.4 points during market hours.


Sure, I don't know if my broker accurately copies underlying ticks or simply follows price changes. On the other side, I haven't seen volume on Al's example charts anyhow, nor anything else but classic time-based bars, so why ever bothering about inaccurateness of CFD vs future or ETF.

To put my question in a context. I'm starting very small, so futures are currently out of my reach. Forex is perfectly (down-)scalable but offers fewer good setups during the day, according to Al. And his "you should consider trading SPY, the S&P 500 ETF ... There are usually about 3 - 6 of them a day and all you really need to do is catch about one a day" sounds promising for learning phase.

In a hope to steer this thread back to the technical side, have a good coming week, everybody...

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  #362 (permalink)
Baltimore, MD
 
Experience: Beginner
Platform: Sierra Chart
Trading: FOREX
 
Posts: 42 since May 2014
Thanks: 4 given, 26 received


pvlee View Post
I must have posted this in the wrong thread, it was supposed to be a generic statement. I have no idea if Al is successful or not. He is certainly not telling

Very responsible of you to make an accusation without having any idea of what you are responding to.

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  #363 (permalink)
white plains new york
 
 
Posts: 66 since Apr 2016


If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

I do not think he can have it both ways.

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  #364 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received


IzhakHaim View Post
If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

I do not think he can have it both ways cannot have it both way.

Agreed.

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  #365 (permalink)
Baltimore, MD
 
Experience: Beginner
Platform: Sierra Chart
Trading: FOREX
 
Posts: 42 since May 2014
Thanks: 4 given, 26 received


emini2000 View Post
Agreed.

You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

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  #366 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received


dayman View Post
You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

I have plenty of posts in this thread concerning my views on this.

And it matters so much to me because this industry is rife with frauds taking people's money. Maybe you haven't been screwed as many times as I have and others that have been trading for years have. He's claiming to be a profitable trader. Then there is no problem proving it if you are. Instead lame excuses about audits, etc, if he does which are totally false. Put up or shut up if you're gonna claim to be a profitable trader. And so far he has refused. That speaks for itself.

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  #367 (permalink)
white plains new york
 
 
Posts: 66 since Apr 2016


dayman View Post
You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

dayman,

No one say he is a fraud or not. You will let me teach you to drive a truck without make sure u see me driving it??

Just read what I said above:

"If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

I do not think he can have it both ways."

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  #368 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received


IzhakHaim View Post
dayman,

No one say he is a fraud or not. You will let me teach you to drive a truck without make sure u see me driving it??

Just read what I said above:

"If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

I do not think he can have it both ways."

Exactly. I don't see why this is so hard to see.

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  #369 (permalink)
Baltimore, MD
 
Experience: Beginner
Platform: Sierra Chart
Trading: FOREX
 
Posts: 42 since May 2014
Thanks: 4 given, 26 received


emini2000 View Post
Exactly. I don't see why this is so hard to see.

But your last reply about 3 hour ago you did call him a fraud:


emini2000 View Post
That's because he's not successful.

For the last time, you can disagree with his (Al's) trading process, his teaching philosophy, or BMT's vetting process for educators. I have never spoken with Mike or have any affiliation with futures.io or Al Brooks, but I imagine Mike does his best job of vetting educators to bring the most unbiased educational material to futures.io to help fellow traders. That is why I am an "elite" member of this website. I don't appreciate posters who accuse educators of fraud without having any proof. Al has not sold you on any promises of any riches. He is providing his approach to the market. Take it or leave it.

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  #370 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
Thanks: 67 given, 241 received



dayman View Post
But your last reply about 3 hour ago you did call him a fraud:

For the last time, you can disagree with his (Al's) trading process, his teaching philosophy, or BMT's vetting process for educators. I have never spoken with Mike or have any affiliation with futures.io or Al Brooks, but I imagine Mike does his best job of vetting educators to bring the most unbiased educational material to futures.io to help fellow traders. That is why I am an "elite" member of this website. I don't appreciate posters who accuse educators of fraud without having any proof. Al has not sold you on any promises of any riches. He is providing his approach to the market. Take it or leave it.

This really isn't a shot at you, but "Futures Experience: Beginner" says all I need to go. Give it a few years and you'll know what I'm talking about. We all have to learn the hard way.

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