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Futures Training Program "OpenTrader" www.opentrader.com review


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Futures Training Program "OpenTrader" www.opentrader.com review

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  #111 (permalink)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
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Posts: 155 since Jun 2009
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Here they discuss the entries which are just entering at the levels.

Waiting for "Confirmation" Before Entering a Trade


cunparis View Post
Sorry but I have to disagree with this part. Finding potential areas of support and resistance is very important to my trading. The problem is that it's not enough. And that's why FT71 & EMP can disclose this info and keep secret the rest.

FT71 uses "order flow" to time entries and have low risk. He does this by reading the DOM and making really quick decisions real time. I don't know how EMP does this because he never tells. But just entering your order at the EMP zones is not enough to make money IMHO. One needs something else.

In my case I use order flow to time my entries and get low risk. I have developed my own indicators to track the order flow and find areas of support or resistance real time. When those line up with the big picture context and the potential S/R zones identified during my daily homework (similar to EMP's zones or FT71's composite levels) then I take the trade. IMHO timing the entry to have a very low risk is the key to the whole thing and that's the very part that no one, including myself, is willing to share. And for this reason I don't recommend any training programs (except FT71's inexpensive webinars which are excellent). The training will only take you so far and then leave you hanging. And with FT71's webinars being very affordable (and profits go to charity) there is no reason to spend thousands of dollars on essentially the same thing.

Think about it if a trader can make unlimited money in the markets, it would be stupid to share his entire method to everyone else, because it would increase the chances that it wouldn't work any more. So the best is to keep quiet about it and trade away. This is why all the training programs either teach you something that don't work, something that used to work but no longer does, or they teach you just a small part of the method and keep the crucial part secret.

I hope all that makes sense. Everyone may not agree but that's my experience. I've been duped so I like to warn others.


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  #112 (permalink)
Richmond,UK
 
Experience: Beginner
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Cun Paris ............there is no secret ..........and in reply to the rest of the BS.

"No author should be considered as having failed until he starts teaching others about writing" Taleb

The two people that actually proved they were making money on the original open trader site..... where are they ? trading.... not teaching

go figure !!

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  #113 (permalink)
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
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jeffmum View Post
I am going to sign up for their training. Here's what I like:

1) They have a $397.00 per month (total six months) option.

2) A 60 day money back gaurentee.

3) Both Awais and Ziad are traders.

4) I emailed them and asked for references. Despite the fact they have their 60 day money back gaurentee, they provided me with two references from two traders who took their training.

many other education/trading program charge in the $3,000 range upfront with no money back guarantee.

I will report back in a few months.

current pricing are in the $597 monthly range for the six month period, and almost $2,000 as a one-time payment

either way to sunday, the reviews on these guys are some of the best that I have ever seen.


ok, so like, its almost over one year since this thread started, can others start sharing or posting their results or impressions?

there is another falicy that is often shared on the markets and trading, and it goes something like, if I talk, share or discuss my "so called" edge, then it will dull and loosen and no longer apply in the markets. The reality is self delusion. The upside is making new trading buddies and trading friends that you can share your profits by taking a trip/ cruise/ or some other Las Vegas junket with. The downside is a closed fist picks up no pennies. After all, futures.io (formerly BMT) is founded on the principle of sharing...

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  #114 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
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dk27 View Post
Here they discuss the entries which are just entering at the levels.

Waiting for "Confirmation" Before Entering a Trade

Have you seen anyone doing this successfully?

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  #115 (permalink)
Quebec
 
Experience: Intermediate
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Broker: AMP/CQG
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cunparis View Post
Have you seen anyone doing this successfully?

Forex Trading Strategy and Live Trading Room - Supply and Demand Forex Trading Strategy

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  #116 (permalink)
Paris, France
 
Experience: Advanced
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Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
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Quoting 
there is another falicy that is often shared on the markets and trading, and it goes something like, if I talk, share or discuss my "so called" edge, then it will dull and loosen and no longer apply in the markets. The reality is self delusion. The upside is making new trading buddies and trading friends that you can share your profits by taking a trip/ cruise/ or some other Las Vegas junket with. The downside is a closed fist picks up no pennies. After all, futures.io (formerly BMT) is founded on the principle of sharing...

It depends.. if one has a very precise timing method to enter at an exactly price and time, then it can be problematic especially in markets that are not very liquid. Imagine one has such a thing for crude and they post it here and 50 people put in their order exactly at the same time? What's going to happen? Slippage for one and slippage is enough to kill a strategy. And then there can be an adverse effect (stop running, inventory grab, etc.).

So I don't agree that telling the world about a successful setup is a good idea.

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  #117 (permalink)
Paris, France
 
Experience: Advanced
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cunparis's Avatar
 
Posts: 2,565 since Jun 2009
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I was talking about EMP.

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  #118 (permalink)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 155 since Jun 2009
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No and it didn't work for me either but these guys seriously talking about it.


cunparis View Post
Have you seen anyone doing this successfully?


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  #119 (permalink)
Long Beach , LA
 
 
Posts: 134 since Apr 2012
Thanks: 20 given, 71 received

I am presently doing Opentrader course . So far I am finding it very good and am learning plenty. I have traded Australian shares and forex mostly. Pleased to move away forex, could never get consistant with it. So moving into Stock Indices is exciting.

In regards to the course the content is very good and getting better. Having viewed Ziads actual live trade results over several yrs I am dismayed at all the negative reviews from people that haven't done the course. When first reading these reviews I was just blown away and even had the thought I was scammed AGAIN purchasing this course. However, thats not the case with Opentrader course. I feel confident in time it will give me the necessary skills to succeed in trading.

The few problems I have encountered are living in New Zealand and getting the Market Delta platform running with data, this has been total frustration. Due to timezone and contacting support. Seems if you are setting up a demo account support is not that interested. But that should not reflect on the course itself. In regards to the course content weekly webinar training session the illustrations in the course are different to the platform Awais use's on the webinar. No biggy just throws you a bit when you first see it happening.

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  #120 (permalink)
Long Beach , LA
 
 
Posts: 134 since Apr 2012
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cunparis View Post
In April OpenTrader sent out this email:



I was really interested because we would all get to see just how successful they are. But they never followed through. So much for transparency. After this I lost all interest in them.

We can debate whether they really make money or not but there is no proof and so it's a bit pointless to debate it (although some may consider it entertaining, but I'd consider it a waste of time).

Personally my rule is this: I only listen to people who have proved beyond a shadow of a doubt that they're really trading and really making money. Only a few people have qualified. And those are the ones I listen to. The rest I ignore because I simply don't have time for it. I find I do much better this way.

I will say Awais is very good at his homework, making levels, and analyzing the context of the market. I've seen him make some amazing calls, like warning of a big sell-off a day before it happens, etc. It's impressive. Is this enough for him to make money trading? I don't know. I haven't seen proof that he has and so unfortunately he falls into the group that I ignore.

I have seen the results and they are very good. Not exceptional to the point of unbelievable, but rather solid consistent returns. There is no benefit for me in giving a positive review, in fact the more people subscribing to the course is less benefit.

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