Yes, I have used them for a while. Quite a few of the students also read my blog and laugh, so please don't use my success level as a guage. haha... (especially this last week!)
They are not cheap compared to some, and I have tried probably about 5 futures trading vendors and numerous forex and feel their teaches are as good if not better than most.
Henry, the founder is a pretty 'intense' human being, and he doesn't approach things in a typical manner. You will probably see that in the classes for free. He tries to break you down, but I think struggles with the 'building you back up' part of the brainwashing aspect.
I don't get their marketing either, but hey, for some reason they believe cheese must be served with trading futures? haha....
Alls a VENDOR has to do is show a financial statement, show live trading every morning (not trade calling) and you will have 10,000 students waiting in the wings! Nobody does it for one reason for another......
When I become profitable and consistent I will train people for free. Life is about more things than money, or at least I have been led to believe that since being able to grow a beard.
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I've been a student there for 4 years. You ask about the 110% unconditional money back guarantee. It's true and it's not a bunch of hooey. Henry is an honorable man, and if he says its so, well, then it's so. Fact is.....there is a "no trader left behind" mentality in place. Ahem....hi Gil. .... As far as I am aware, no one was ever thrown out at the end of the year if they were making an honest effort and were participating to advance their education.
Why the 3 names? Strictly marketing. "Third Realm" in German google results, returned
'Third Reich"......needless to say that didn't go over too well. ........Henry is an honest man and has never screwed anyone.
Tuition for the year some say is expensive. .....Really?.....How can anyone put a price tag on learning the most profitable business in the world at the professional level? ....How long does it take, some might ask......How can anyone put a time frame on acquiring the necessary knowledge to do business on a professional level with the most lucrative business in the world. Even if someone were to only set their sights on being a surgeon or an attorney just to use an example of a lucrative profession. How much does that education cost and how long does it take to get that degree? And the most interesting question of all......does anyone think they can get their degree by watching dvd's, reading books on everything related or asking their buddies and comparing notes? If they do, then I wouldn't want them performing open heart surgery on me or representing me in a lawsuit if something went wrong. Does anyone really think they can compete with professional traders without the proper education? ......Sorry rhetorical question......
ThatManFromTexas quoted "Why don't you try their free trial and report back." ..... I would say that is a grand idea. Spend 7 days with NFTI and post your honest feedback on what your evaluation concluded. Take it for a test drive and then tell us what you think. Maybe its for you, maybe not, Everyone is different. You need to find what is right for you.
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Thanks for your input. Its nice to get a good review of them. I am curious if you dont mind sharing, i assume you are steadily profitable. How hard is the system to learn and understand and how long did it take to learn it. Its a bit fantastic to suggest that you can make money nearly every day of the year as Henry suggests it can be done. I enjoy Gil's blog but am wondering how many students are in his boat versus the superstar's. Anyway tks for the update. Unfortunately i already took the 7 day valuation but couldnt take advantage of it like i should so was hard to get a felling.. Tks again.
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The system is not difficult to learn. The difficult part is how open are you to restructuring your mental behavior. The technicals should take 3-6 months to learn depending on your study habits and how well you follow directions. No one is allowed to trade live market until they receive Henry's blessing. This is the biggest hurdle regarding technicals. Common misconception is that the more SIM and screen time with live market the better. There is nothing further from the truth. Simming live market before someone is ready only instills bad habits and adds more baggage into the learning curve. If someone can't tell what the market is going to do next with a dead chart, how can they tell what's going top happen next when the bars are moving? This is where most get lost due to the "this is ridiculous" mindset.......I was one of them. Not until I took this seriously, did I start making progress. I took 3 months off of trading and did nothing but historicals. This consists of admiring and marking up what the market does and how it moves day in and day out with a non live chart. Admiring perfect entries and exits and burning them into the sub-conscience. Getting in at the tippy top and exiting at the tippy bottom. How long does this all take? How bad do you want this and how well do you follow directions? The answer is within you.
Then there is the psychological aspect of trading which is covered extensively. In fact it is the first issue that is addressed. Again as to a time frame, how long does this take? The answer also lies within you. How well can you overcome your sub-conscience bad habits. How well do you follow directions? How honest are you with yourself? This is the most challenging part for a trader with a little unsuccessful time under his/her belt. Basically a total reprogramming is needed to chase away all the fear, anger, greed, ego and what else there might be that would impede being on that perfect mental plateau necessary for consistently profitable trading.Who' s the boss, you or your sub-conscience? This question means everything.
You mentioned that "it's a bit fantastic to suggest that you can make money nearly every day of the year" ....maybe you missed the student videos on your 7 day trial but I documented 30 days consistent trades on video. It's not a suggestion....it's a fact.
How many students are successful you ask. Honestly I don't know the numbers. I only go by what I see. There are a lot of students that aren't very social. They do their thing and move on. There are a few students that come to mind that pop up after they are gone and it's a ...hey I remember them type of scenerio..... One in particular would be Chris Dunn of eMini Academy.
I can say however that the program has been fine tuned to the degree that I notice the difference of now and then. I see some of the newer students and have said to myself quite a few times...wow this guy has been here 3 months and he is already where I was at on my 1 year mark. Henry has fine tuned the curriculum 100 fold and the progress time table seems to be at warp speed....OR ......I was a difficult student and didn't follow directions. Probably a little of both....Ok a lot of the latter
Ask for another 7 day, Henry is fair, tell him why you couldn't take full advantage.
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