Power Trading FX - futures io
futures io



Power Trading FX


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one arty444 with 6 posts (0 thanks)
    2. looks_two Artham with 3 posts (0 thanks)
    3. looks_3 tpsoluions with 3 posts (0 thanks)
    4. looks_4 Artur with 2 posts (0 thanks)
    1. trending_up 13,775 views
    2. thumb_up 0 thanks given
    3. group 6 followers
    1. forum 18 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Power Trading FX

(login for full post details)
  #1 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Hi, I just recently started with Power Trading FX.. the classes and traders are really clear, I'm learning a lot so far, more so than I have with similar companies. Anyone else have any experience with them? I hope to be successfully trading within the next few months. Thanks.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Needing harmonic patterns indicator
TradeStation
CML Trading Machine Pro
The Elite Circle
NT8 connectivity by FXI API to unsupported brokers?
NinjaTrader
Copy OR Extension values from TPO to Renko chart
Sierra Chart
EasyLanguage: fetch option price using Stock ticker
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
89 thanks
I finally blew up an account
69 thanks
Spoo-nalysis ES e-mini futures S&P 500
66 thanks
The tiyfTradePlanFactory indicator
33 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
17 thanks
 
(login for full post details)
  #3 (permalink)
Artham
Santa Monica, Ca
 
 
Posts: 3 since Aug 2010
Thanks: 0 given, 0 received


Hey Arty,

Good to hear some other feedback about Power Trading FX because there isn't much online about them. I spoke with Todd (Recruiter) for about an hour & a half today & I'm definitely thinking of signing up. It does sound too good to be true which is what's worrying me. Do you have any other feedback since you have been with them for the past few weeks?

I guess I might be seeing you in the live trading room. Hope you respond soon. Thanks!


Arthur

Reply With Quote
 
(login for full post details)
  #4 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Hi Arthur,

Glad someone else in the forum has come across Power Trading..

So far its been really promising. I've really enjoyed the classes, and I'm feeling more and more comfortable with the trades I'm practicing (coming from an absolute novice trader). Of course, you get out of it what you put into it, so I don't think I've taken advantage completely of everything the program has to offer since I've been so busy. But I would say I do recommend the course and the mentoring has been great.

Hope to see you in the trading room and classes soon!

-Lisa

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Artham
Santa Monica, Ca
 
 
Posts: 3 since Aug 2010
Thanks: 0 given, 0 received

Hey Lisa,

Thanks for responding to my reply so quickly. I spent another hour with Todd today & I found out:

- FX Power Trading uses MB Trading as their broker which would be the equivalent of a retail trader using MB Trading.
- Don't teach any scalping techniques

These were according to "Scott" (Trainer).

Few questions if you don't mind:
- Are these true? What type of trading are you focusing on? Day trading or Swing?
- What other "Similar Companies" have you worked with? How did those work out?
- Are you paying $200 a month plus the initial $799 but you aren't relying on doing this with them for a living?
- Have you been simulating their trades? How's that going?
- When do you see yourself being able to trade their live capital?

Sorry to make is sound like a job interview but that is exactly what I'm afraid of... I will join, not completely devote my life to it while they suck $200 per month that I'm not taking full advantage of. The other option that I'm debating is joining a live Prop Trading firm called CY group in downtown, CA. They want $1,200 up front around $200 per month for office expenses but they only pay out 50% at first. The big draw for them is that they promise good "Prop Trading Rates" through a direct Floor Trader. So I'm really debating between the two. I'm also attracted to the whole "Scalping" strategy that CY Group seems to focus on. Anyway, I'm looking forward to your answers.

Thanks!

Reply With Quote
 
(login for full post details)
  #6 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Hi Arthur,

No problem, I'm always reading through these forums for extra guidance :-) And no worries about the questions, I had the same concerns.

Those are true-- I've done similar research on MB Trading before joining and I wasn't able to find any tighter spreads or lower commissions anywhere else. With scalping-- I've been talking to a lot of traders in Forex about their techniques, and so far no one's recommended focusing on scalping in the forex market claiming that it's not very consistent or profitable. So, both of those things aren't really concerns of mine with power trading :-)


I want to eventually be able to do a mix of day and swing trading. I want to focus on swing trades primarily, then pick up day trading during the day when I'm able to as more of a bonus.

I dabbled a bit with Forex Trading USA with their Forex training, and I never was convinced to invest any money with them, but I did see a few "trainings" and spoke with them, and it was never clear for me in any aspect, and they definitely did not convince me in the least.

I did pay the initial fee, and the $200 monthly, but I do plan on, not completely replacing my current income, but greatly supplementing it. So essentially I'm looking to take on a second job, that's not really going to take up too much of my time.

I have been simulating trades with the software. And like I said before I have been making progress, granted I've only been in training with power trading for less than a month. However, with the rate I've been moving at I feel like I'm going to be more consistent within the next couple months or so as I am a complete novice!

Realistically, with my job that I have now, and I am expecting :-), I plan to be trading live with them in about 4-5 months, however they have told me I could be trading sooner if I could invest more time in the program, but currently, I invest about 5 hours a week, sometimes less.

I have found this with the program-- although I'm not able to always attend the live classes, or get my questions answered immediately, they have a nice recorded section on their website that they feed all of the live classes into after they've been presented, so I'm able to fit the classes around my schedule fortunately, and I have been also able to speak with the traders one on one when I've needed questions answered, which I always have plenty of. So I do like that I can fit this program around me, and not the other way around.

I looked at the CY Group, and I'm seeing that they do stocks? So I suppose you would have to decide which market you're more interested in. Scalping and floor traders are particular to stock trading...Forex doesn't use floor traders, and I've already put my opinion about scalping with Forex.. so I think you're main debate we'll be deciding on which market seems to fit you best :-) However, through my research I've found that stocks is more of a market that you will have to make a job and "devote your life" to, so that's why I chose Forex.

Hope this all helps!

Good Luck!

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Artham
Santa Monica, Ca
 
 
Posts: 3 since Aug 2010
Thanks: 0 given, 0 received

Hey Lisa,

Thanks for all your time & effort that you have devoted into your reply. Steve from CY Group was telling me today that they are about to start a Forex trading group in June. So this would mean that they are now branching out into forex unless they have always been teaching forex. Steve was telling me that 75% of their trades would be more longer term (longer term for me) while 25% of their trades is scalping. Steve was discouraging me from forex because I'm gravitating more towards Scalping (which succeeds in equities) - just as you were verifying my findings that Forex is more for longer time frames.

After speaking with Steve today & getting your feedback, I'm thinking that a physical office would make me more disciplined & devoted to making it as a trader. Also, the camaraderie in an office environment would cement the learning experience for me. I'm afraid of another "Educational" online program that I wouldn't take complete advantage of. I have a bad track record of being an information/education junkie but not applying what I learn. At least I won't have a choice if I'm going to the "Firm" everyday. Please keep me update on your progress with Power Trading FX - especially once you start trading live. GOOD LUCK LISA

Arthur

Reply With Quote
 
(login for full post details)
  #8 (permalink)
tpsoluions
Boston, MA
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received


arty444 View Post
Hi Arthur,

Glad someone else in the forum has come across Power Trading..

So far its been really promising. I've really enjoyed the classes, and I'm feeling more and more comfortable with the trades I'm practicing (coming from an absolute novice trader). Of course, you get out of it what you put into it, so I don't think I've taken advantage completely of everything the program has to offer since I've been so busy. But I would say I do recommend the course and the mentoring has been great.

Hope to see you in the trading room and classes soon!

-Lisa

Lisa,

My name is Ellie and I am very close to signing up with PTFX and would love the opportunity to speak with you. I am in MA also. I tried to send you an email but I do not have enough posts. I have to make a decision today and really would appreciate a few minutes of your time.

Let me know.

Ellie

Reply With Quote
 
(login for full post details)
  #9 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Arthur,

Good luck with CY.. let me know how it goes!

Ellie,

Are you still considering signing up? Let me know any questions you have!

Lisa

Reply With Quote
 
(login for full post details)
  #10 (permalink)
tpsoluions
Boston, MA
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received



arty444 View Post
Arthur,

Good luck with CY.. let me know how it goes!

Ellie,

Are you still considering signing up? Let me know any questions you have!

Lisa

Lisa I would love to speak with you. Do you skype or googletalk?

Ellie

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,070 since Jun 2009
Thanks: 32,538 given, 98,499 received


tpsoluions View Post
Lisa I would love to speak with you. Do you skype or googletalk?

Ellie

That is what the forum is for - just post!

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #12 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Yeah, I have google talk. My username is lsarty22.

Lisa

Reply With Quote
 
(login for full post details)
  #13 (permalink)
arty444
Boston, MA, USA
 
 
Posts: 7 since Apr 2011
Thanks: 0 given, 0 received

Or we can speak in the forums! Both are fine :-)

Reply With Quote
 
(login for full post details)
  #14 (permalink)
tpsoluions
Boston, MA
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received

Lisa,

I did sign up with Power Trading Fx and all that you said is spot on. I was at first very unsure, however all of that has been removed since I started my training as of last week. I have also sent you a invite via talk so when you get a chance. I too am a novice however spend at least 8 hours a day learning and practicing. It is a lot to learn and experience so my time frame at this pace is in July to be trading live.

Ellie

Reply With Quote
 
(login for full post details)
  #15 (permalink)
simbudj
Someplace
 
 
Posts: 3 since Sep 2009
Thanks: 0 given, 0 received

tpsoluions how has your time with Power Trading FX, I have been interviewd and wonder how or what you think now since you have been involved. I would love to get more details before I make my mind up. Not much out there on this firm.

Reply With Quote
 
(login for full post details)
  #16 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received

@arty444 dont get to excited it takes 6-10 to trade ok and another couple of years to be good.not trying to bust your bubble just keeping it real,but we all have to start somewhere,just a tip dont try to live trade anytime soon if your new at this...sharky

KILLING THE MARKETS DAILY
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #17 (permalink)
Artur
Sacramento, CA
 
 
Posts: 2 since Jun 2011
Thanks: 0 given, 0 received

Hi everybody,
There is not much out there about Power Trading FX. I see you guys join them a few weeks ago...tell me please about your experience so far. Do you think it was a step forward, is the training reliable and trainers knowledgeable?
I just singed up and I have a first meeting with my trainer on Monday so if You have any tips or heads ups for me go ahead pls.
wish me luck cause I start from the very beginning.

Artur

Reply With Quote
 
(login for full post details)
  #18 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,070 since Jun 2009
Thanks: 32,538 given, 98,499 received


Artur View Post
Hi everybody,
There is not much out there about Power Trading FX

How did you find this thread and/or hear about futures.io (formerly BMT)? Are you in any way affiliated with this vendor?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #19 (permalink)
Artur
Sacramento, CA
 
 
Posts: 2 since Jun 2011
Thanks: 0 given, 0 received


Big Mike View Post
How did you find this thread and/or hear about futures.io (formerly BMT)? Are you in any way affiliated with this vendor?

Mike

I found you at google.com, I am about to sign up with Power Trading FX and besides this thread there is none

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Power Trading FX


Last Updated on June 10, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts