Last week my wife and I attended a free seminar for 5 days (3 hours a day) hosted by signaltrading.net
JAM's (Jim) son Michael hosted the seminar and went through:
The basics of a trading plan
Setting goals and treating trading as a business
What it takes to succeed in trading
Setting up NinjaTrader 7.0
Using a free forex provider with NT 7.0 Money management
Trading expenses (since it is a business) Drawdown management
Multi-chart trading to understand important areas of the market
Their method and tools in depth
Their custom indicators
Their custom strategies
Use of support and resistance
Trading triangle breakouts
Their advancement process
The markets they trade and the order they add the markets
Live trading in the room for 2 days
Overall this was a great session. Of course they are trying to get you to join their trading family because they are providing a paid service. But I was totally impressed with the amount of information they provided about their process and the transparency of their information. I didn't feel like I was seeing something just for that day. Also, they were not selling "magic trading dust." They were upfront on what it takes to succeed and the easy ways to fail. Also, there were no high pressure sales tactics. Basically, "Here's who we are and what we do. Come join us if you would like. We will be here doing the same session next week if you want to come back to the free session again."
As some of you know I'm trying to teach my wife to trade. She is willing to learn but she is not comfortable researching this on her own. If I don't have the time due to my day job or I am not successful I will definitely recommend her going with signaltrading.net and JAM to get the attention she will need.
Great job Jam. Thanks again
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From what i heard they are doing a good job for a starter. I think the owner was a student of NexGen in his past life. They copied some of their indicators and got rid of the Fibonacci confluence zones and probably improved the NexGen methodology overall putting more emphasis on the mental process. It's always interesting to see where all these companies come from. Many of these cies are just offspring of other courses on the net.
Thank you for the feedback, I am glad you were impressed. This was our first education week and I know we need to make a few adjustments however, I feel we have a great start and we really spend a lot of time on psychology, trading plans and journaling your trades.
Yes you are correct, I was in the Nexgen room and that is what prompted me to start my own room. I watched a lot of students struggle and to embarrassed to say anything in the room, they would just quietly go away. Nexgen does a great job, don't get me wrong, but we wanted to focus on more psychology, consistency and trading plans.
As far as indicators, we have not taken anything from Nexgen at all, I am a technical analyst with 16 years of experience of study, and MTA level 1, will finish probably next couple years.