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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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  #11 (permalink)
 rwbil 
Baltimore MD
 
Experience: Intermediate
Platform: NT
Broker: IB, Kinetics
Trading: E6, ES and CL
 
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Posts: 93 since Nov 2012

I just listened to their Webinare. A lot of general information about identifying S/R areas.

What did concern me though was at the end when you could ask questions.

I asked them specific questions about their program and if this was a complete program or just educational material.

I asked them how their coaching worked and if they had a live trading room where they would discuss setting up their S/R zones, their setups, what they were looking for, their thoughts at the time, the trades including targets and stop placement and trade management (runners and etc.) in real time.

I would think if you are offering a complete program then their has to be a live trading room after the educational process.

I wanted to understand how they took a student from the learning phases through the process of being a profitable trader.

I also asked them what percentage of their students had become profitable traders and did they share their P&L statements.

They did not answer those or any serious questions detailing their "Complete Program". Instead they answered a bunch of question like did they use indicators after they already said they did not during the webinare.

Before I spent $2000 I would want the answers to some serious question about the program and success rate.

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  #12 (permalink)
 mattz   is a Vendor
 
 
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rwbil View Post
Before I spent $2000 I would want the answers to some serious question about the program and success rate.

Why not simply drop them an email with your concerns?
It's their program, and you are entitled to answers if you are solicited, but it is very hard to answer all questions while in a webinar setting. Questions fly at you from participants and at times you miss things.
From my correspondence with them and their attitude, they were always very customer conscious and wanted to help.

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  #13 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
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rwbil View Post

They did not answer those or any serious questions detailing their "Complete Program". Instead they answered a bunch of question like did they use indicators after they already said they did not during the webinare.

Before I spent $2000 I would want the answers to some serious question about the program and success rate.

If they couldn't adequately manage questions, which should be the primary objective of a Webinar, why beg them for a response? You already know how it will go. How people behave is more meaningful and indicative than what they say.

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  #14 (permalink)
 jeffman 
Las Vegas NV
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader with CQG
 
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Posts: 84 since Jun 2010
Thanks: 56 given, 117 received

I am certain they will answer your questions via email. I have received answers to a question or two of mine via email. I was on the webinar. I think after the hour long webinar, it would be impossible to answer everone's question considering there were a few hundred attendees.

To me, these guys sound very genuine. Actually, from listening to the webinar, and a few videos posted on their blog, to me, they seem not only as traders, but, they know how to teach. It's one thing to be a trader and another thing to be able to effectively transfer that knowledge to others. They seemed to have that. I am starting my course tomorrow.


mattz View Post
Why not simply drop them an email with your concerns?
It's their program, and you are entitled to answers if you are solicited, but it is very hard to answer all questions while in a webinar setting. Questions fly at you from participants and at times you miss things.
From my correspondence with them and their attitude, they were always very customer conscious and wanted to help.


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  #15 (permalink)
 josh 
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Georgia, US
 
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plethora View Post
If they couldn't adequately manage questions, which should be the primary objective of a Webinar, why beg them for a response? You already know how it will go. How people behave is more meaningful and indicative than what they say.

I can understand a cynical attitude towards vendors in general. But this is not particularly logical reasoning. Mike can probably tell you that after a webinar with tons of participants, there are literally hundreds of questions, and with only a half hour or so, how can they be expected to answer them all. The fact that they did not answer a question means nothing. The best thing to do is to write them an email. I did so with a question I had regarding their program, and received a prompt, honest, no-BS reply.

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  #16 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
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Broker: Rithmic
Trading: GC
 
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Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

Some people do what they say they are going to do and respond to email and others do not.
If they did -- great.
I don't think it's cynical, it's real.
It's like a trade -- they don't all work it.

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  #17 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
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Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

P.S. I was at a Webinar sponsored by NT yesterday and there were over 200 attendees and all their questions were answered, including the person who said he was a member of futures.io (formerly BMT) and asked why anyone should spend $5k when all the presenter's indicators were on futures.io (formerly BMT) for free. I kid you not.

ETA: Big Mike was the first person who ran through my head when I read the question typed onto the screen because the screen name was very sharp and a play on futures.io (formerly BMT).

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  #18 (permalink)
 terratec 
Zurich Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES, 6E, CL
 
Posts: 404 since Sep 2009
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Very long intro. Good sales man, but OK.

They have good structured stuff and teach it very well.
Not the usual blabla.
A pleasure to listen.

One of the better webinars.

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  #19 (permalink)
 Bankrobber 
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 59 since Mar 2010
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just watched the webinar.... was OK, nothing out of this world..... however they did say they are going to trade real cash live and and show accounts over the coming month or so..... soooo lets see how they get on... think thats fair

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  #20 (permalink)
 ikeaboy 
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
 
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Posts: 59 since Jun 2010
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has anyone already taken the program? how is it?

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