wow i wish i know what did u all guys do beforestart tradingas one thing i know if i create a software or an indicatorand its profitable i would want to keep it for me and if am a nice guy i would give it for freeeebut if its not profitable i would sale it. ether way am gona make money
its funny how much money spend on indicator's or trading rooms.
as for me
i just bought multicharts and thats it and will never ever spend money on trading room or any
indicatori rather go and burn the money insteadof give it to these kind of people.
books i think around £300 and they all good.
futures.io (formerly BMT) $50 its amazing how much u can learn from here
and a good PC with nice screen.
The following user says Thank You to musuk for this post:
It's called "taking one for the team". Those of us who warned everyone else and/or reviewed vendor products truthfully have helped people save money and done them a favor. It's also some small revenge from being scammed for years by all those promises from scumbag vendors who know they are selling junk that could be costly to the aspiring trader and does not help their trading progress and education, actually hurts it by making newbies dependent on magic indicators instead of learning more about price action, trading psychology, and other aspects of the market such as volume and volatility, supply and demand, etc.
futures.io (formerly BMT) is unique from other forums in that vendor members have to id themselves as a vendor, thanks to Big Mike's moderation. Most other forums are deluged with fake traders and shills' posts who say they are consistently or abundantly profitable and then point you in the direction of vendor page signups and trading products. Or if there's a thread of reviews, it will also be filled with shills' glowing reviews to mask the truthful client ones. Not saying all the products are snake oil. There are a few gems discovered after "kissing a lot of frogs" as CJBooth says.
Last edited by Cloudy; October 9th, 2011 at 05:26 PM.
- Optionetics 3-day introduction to options trading course (about $2,500, waste of money, go to OIC instead for free)
- Ninjatrader (1 quarter rental then a lifetime license) (250 + 1,000)
- Tradestation 8.x for a couple of months ($100/mo)
- ProfitSource (from Optionetics, $500, returned, got my money back)
- EODData (several years of historical stock/futures prices)
Indicators/Systems Purchases or Subscriptions
- Logical Forex for a few months
- NetPicks ($500, returned, got my money back)
- EOTPro for a few months, $233/mo
Sorry it was a waste, but thanks for mentioning them. I started to trade after I read one of Fontanills' first books "Trading Options online". They've been around since 2001 or so. And my first option trades were of course losers. I also attended one of those $100 webinars they hosted once or twice a year. and also bought $100 "technical analysis" cd by Fontanill's buddy Tom. Then I finally learned to read reviews on vendors on various forums and found out what a bunch of horse manure optionetics was all about. They just teach you what an option is for the most part of the $2.5k trading course culminating with a covered call with put protection. That's pretty much it, what everyone else already knows; then they try to keep one hooked on more "advanced" courses and future training programs all costing more even with the "discounts". Then their programs "profitsource" and "advanced get" i.e. trading the 4th wave when the MACD turns up. Then I read in their public forum folks complaining why advanced get wasn't working well and some other saying not a good "year" to trade those. That said, a couple of Fontanill's books are nicely written and teaches options for beginners, but that's all I'd recommend from optionetics otherwise it's hook after hook for more courses and programs.
an awesome dvd set of step by step learning from the beginning to advanced stuffs on options. was like 180 bucks and it was when i first started trading and didnt know anything about options or trading at all.. i would recommend it to any new trader actually even if not interested in options..
i also got a beginners course with physical reading material as well as some videos on perfecting the art of credit spreads with options.. after going through the first course i mentioned above i didnt learn a whole lot of new stuff, but it was good specific information for options and credit spreads..
and the last thing was an indicator on fib lines that was researched from waves counts starting back in the early 2000s.. i still think they are kinda useful(dont use them much anymore) but after the random line theory thread i am always skeptical..
oh and i guess my investment into this forum! thanks big mike!
dont believe anything you hear and only half of what you see
The following user says Thank You to madLyfe for this post: