I used to recomm newbie to go to DTI but no more they are too commercial now, the last 2 'live trading' demos showed no trade, not a surprise there they were held during lunch time and the buy/sell bracket was huge so the 'trainer' had a plenty of time to promote DTI without having to put the trade on. Was that done on purpose? I don't know, caveat emptor.
I took a DTI course many years ago.......I have mixed feelings........nice people BUT.......they are constantly selling.....software, another course,etc,etc.it never ends.......they really want your money.......that gets old pretty fast.
If you have never had any exposure to trading and need to learn from the very beginning.......then I think DTI is probably as good as any school out there. The courses are given at their school in Mobile Alabama.....this is a week long process. ( depending on which course you take) Once you are a student you are a student for life......you can call them any time with questions. DTI taught me the importance of "time of day" , good money management and to avoid over trading. Tom uses 30 minute charts and relies on market correlation heavily.......no indicators.... support and resistance.
If you have had no education then the price of tuition could easily be lost in the market in a very short time. One of Toms' favorite sayings is " taking money from the uneducated." Don't be one of the uneducated. It's nice to be taught in a systematic way........just remember......when it's all said and done......you teach yourself......and that means countless hours of screen time and years of trading experience. There is no short cut. Don't expect miracles because you took a class or two at DTI......you have to do the work.
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I spent a year or so with DTI and about 10.000 dollars. I came away with the following opinion of DTI.
Their beginning course is around 2500 and their advanced course is around 7500 and they are almost
DTI'S method works best in a strong bull Market.
Tom Busby does not teach well. In fact in his subscription green room no discussion is allowed.
Tom Busby is a show boater and akin to the likes of a Barnum and Bailey circus ringmaster . His signature trade
takes place right at the Fed announcement to the audience of hundreds of new traders who do not
know any better.
Tom gets aggravated and pissed off constantly when working with his students. He goes on and on
about his winning trades but rarely does he address his losing trades . He does do some technical analysis
but Toms stops are wide. I once saw him recommend a Dax Trade with a 20 point stop in a choppy
market and offered no analysis after his stop was hit. His trades are not precision and risk reward is back wards. They used to post a trade calender but the last time I looked it was taken down the only reason I
could see was they were losing.
I would suggest you start somewhere else other than DTI so you can get well grounded in good technical and
fundamental analysis with appropriate stops for market conditions. To get familiar with the Market with DTI
and then have to unlearn their procedures for current market conditions could be very expensive.
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This past Monday I attended a free DTI webinar on trading Crude Oil. The host was Tom Busby who said he had traded oil that day and made $3100 and showed a snap shot of his dome. Tom said it was not sim
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