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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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.
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.
'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.'
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.