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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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  #71 (permalink)
Richmond,UK
 
Experience: Beginner
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josh View Post
Agree on all counts.



Bingo, this was my point.

The OT guys are easy to contact--anyone who cares enough should absolutely email them and ask them why they have not set up their public account as they said they would.

The trouble with doing that is they will give you some BS answer........ as opposed to being honest and saying "because we can't make money"

If they were good at the game ....

1. They would be busy playing it and not selling it.

2. If they were selling it, it would be the easiest thing in the world to show they are successful.

Just like a few guys used to on the original open trader !!!!

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  #72 (permalink)
Montgomery TX USA
 
Experience: Advanced
Platform: ninjatrader, Tradestation
Broker: Tradestation, AMP, TD Ameritrade, Fidelity
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I followed a link to an Opentrader webinar on November 7, 2013. One of the first things Ziad did was to show his trading account going back to when his account was worth about 48K. I don't recall the date but it was around 2003 or 2004. I have no way of verifying that the trade record shown is real but nevertheless, a trade record/brokerage statement was displayed during the webinar. I believe that an audited trade record was also mentioned that would cover the more recent trade performance.

The offer during the webinar was to pay up front, or pay in five installments of $397 per month, the total was the same so I opted for the five installments. The offer included a 30 day money-back guarantee. I took a look at the program and it might work for some people but I didn't think it was something i could benefit from. In a nutshell, the program recommends that a lot of time be spent studying the markets through charts for the setups they provide. it would not be fair for me to comment on the program because it would be from my perspective only. I can say that the concepts are sound, again in my opinion. Almost every program has some validity in the right context and that is exactly what they actually preach, "everything is contextual", who can argue with that? So, if you can read the market in the right context, you can make a lot of money. Again, who can argue with that?

I have asked them to cancel my membership and refund my first installment, as offered when I signed up. I have not seen my refund yet but fully expect to receive it. If not, I would be out the $397 I already paid but fully intend to notify my credit card to decline making additional payments.

I want to end this post by simply saying that any program that offers a money back guarantee (within 30 days for this particular one) is worth checking out. All one has to waste is some of his or her time checking the program out. About this particular one, if I don't get my refund, i would consider it worth the $397 I have already paid. If I do get my refund, it was worth the time I spent looking at it just to remind me of concepts I already knew. It's good to do that at times in my opinion.

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  #73 (permalink)
Montgomery TX USA
 
Experience: Advanced
Platform: ninjatrader, Tradestation
Broker: Tradestation, AMP, TD Ameritrade, Fidelity
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For the record, to follow up on my last post, my $397 was refunded without any questions or attempts to convince me to stay on; in other words, no pressure.

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  #74 (permalink)
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
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Hey guys....BTW Ziad just shared a video on the OpenTrader blog proving over $64,000 in profits in just 2 days of trading on Jan 23rd and 24th. Just thought I'd share for the benefit of anyone who had doubts that these guys are legit. Here's the link to the video: $64,691 Profit In 2 days Trading the E-mini S&P Futures | OpenTrader Pro Trading Blog

cheers
s

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  #75 (permalink)
Baltimore MD
 
Experience: Intermediate
Platform: NT
Broker: IB, Kinetics
Trading: E6, ES and CL
 
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paps View Post
Hey guys....BTW Ziad just shared a video on the OpenTrader blog proving over $64,000 in profits in just 2 days of trading on Jan 23rd and 24th. Just thought I'd share for the benefit of anyone who had doubts that these guys are legit. Here's the link to the video: $64,691 Profit In 2 days Trading the E-mini S&P Futures | OpenTrader Pro Trading Blog

cheers
s

Didn't watch video yet to see if live and that represented all there trades or not. But how does 2 day worth of trading show anything?? They need to provide a long verified history of profitable trading showing all the important stats such as draw downs and etc. They may have lost $100K the 2 days before that. Hech can they even show they can pass a combine?? Finding trade rooms that show any real meaningful stats is virtually impossible. That should tell you something.

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  #76 (permalink)
Pergatory
 
Experience: Beginner
Platform: Smoke signals
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Posts: 116 since Jan 2014

damn someone found another strat or indi or trading room that makes tons of money. My golly,why share it with the rest of the World?

Go to the Cayman islands and put up a 20 foot in diameter dish that gives you top of the line data and let the bots trade away while you go for a swim or hangout with the Czech playmates.

The funny thing is when the DOW plummets 300 plus pts, every Tom Dick and Harry and Susan made a buck.
I guess you were not around in 08-09,where this was a almost daily occurance.

I personally after years at this, DONT ever fall for claims of money made daily or YTD unless its
verified 2-3 times by outside sources.

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  #77 (permalink)
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 311 since Feb 2013
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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.


Hello, I've taken the Opentrader course and have found it very helpful. I also follow Awais's daily trade plan and levels.

I can honestly say that these guys make money. Today Ziad posted a video from thursdays and fridays trading showing his actual statements from Interactivebrokers real account(not sim, I know because I have IB and know what sim acct numbers look like). On this account(which he calls their "practice" account) he made over 64,000 in thursdays and fridays trading on a 200,000 account.

He explains how he did it and how in the past he would never have had the discipline to hold until the RTH close on days like these.

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  #78 (permalink)
Pergatory
 
Experience: Beginner
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Posts: 116 since Jan 2014

'Today Ziad posted a video from thursdays and fridays trading showing his actual statements from Interactivebrokers real account(not sim, I know because I have IB and know what sim acct numbers look like). On this account(which he calls their "practice" account) he made over 64,000 in thursdays and fridays trading on a 200,000 account.'



dude.

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  #79 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
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It took him almost 1 year to get lucky so he could post his video and results. If he was consistently making money then why didn't he post an example in April last year?

Sorry but I'm not convinced. I've seen the open trader videos. I found them to be very general and non-specific. That's not to say they wouldn't be useful to someone new, but its not enough to make money. As with all the others they give you some general info and hold back the secret stuff so they can reveal it later and the cycle repeats.

Also the big discount for a limited time only.. That's perfect timing so they get people signed up before anyone realizes that 2 days if results doesn't prove anything.

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  #80 (permalink)
San Diego
 
Experience: Beginner
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What style of trading is OpenTrader? Scalping futures? Swing Trading Stocks? Options? The $64K in one day seems incredibly lucky, but TBH I have not watched the video yet.

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