Anyone been to these seminars or training session?
freedom trader web page:
http://www.thefreedomtrader.com/
Youtube videos:
https://www.youtube.com/results?search_query=terry+tran+free…
free seminar:
https://freedom360.com.au/BuffettTrader/
Freedom Trader
UnusualSuspects on 12/04/2018 - 20:13
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scam
Not a scam, so much as a way to separate attendees from their money by selling training or services that don't actually improve returns.
Also, this:
"As stipulated by law, we cannot and do not make any guarantees about your ability to get results or earn any money with our ideas, information, tools or strategies."There is no such law. they could easily offer a guarantee for results, if they were confident you would attain them.
"Download Your FREE 10 Steps to Double Your Returns"
Yeah it's pretty much as the others have said, not a scam but not worth the money. For reference I've been trading in one form or another for around 10 years or so. These guys can't sell you what really makes for trading success and that is 'psychology'. It takes a long time and lots of practice until a person's trading psychology is mature enough to start being really successful. Or put it this way, you can do a university course about being a mechanic, but until you get out there are start fixing cars you wont really know how to do it or get good at it. If you DO want to learn trading then I'd suggest opening a free DEMO FX account and trading that until you have a strategy and have developed your trading edge for CONSISTENT returns. There are plenty of Aussie FX brokers that offer free demo accounts (FP Markets, IC markets etc. And you can get free intro strategies as well, I trust these guys to have a good system and not to keep ripping you off for more money all the time. https://forexbasicsplus.com/ or go to babypips.com and do some free reading ) That way you have only invested time and if you give up or decide it's not for you then you haven't lost any money (that will come later :) ). Having said that, your chosen vehicle for trading (FX, Crypto, stocks, options etc ) needs to suit your personal trading psychology and financial situation. Retirees with a big nest egg might be happy with stocks as they are relatively low risk but usually slow moving and some pay dividends so they are set-and-forget type of trading vehicles. Others prefer more action like the Forex market (though I say 'action' with tongue in cheek as it's been like watching paint dry for the last 18 months or so, we are in a flat cycle ATM). So there are plenty of things you can look at BEFORE putting money down.
I'm not saying you wont learn anything from these courses, you probably will, whether it is worth the money is the real question. A lot of these crowds like to dole out the info sparingly in order to keep you coming back for the more 'advanced' courses but as I said NOTHING beats experience so the real game is about getting that experience without losing all your money. Do not look at trading as a get rich quick scheme (you might fluke it, rarely, like peeps who bought bitcoin for $1 but those events are rare, somtimes once in a lifetime, though the blockchain is definitely in it's infancy and is here to stay so don't overlook the opportunities there just because the media has gone quiet ATM). So take a long term approach, like 4-5 years and you'll probably be OK. Or PM me if you want to chat about it (I am not a broker. :) )
Thanks EightImmortals appreciate your advice.
Found this youtube video - https://www.youtube.com/watch?v=L7G0OfJUON8
Unsure how true Anton Kreil's statements are, but having second thoughts about the dream of giving up my day job for day trading.
Time permitting I'd like to investigate the truth about retail trading and if retail traders can trade on a level playing field like the hedge fund managers.
Time permitting I'd like to investigate the truth about retail trading and if retail traders can trade on a level playing field like the hedge fund managers.
Retail traders are nimble in decision making and order execution while hedge fund managers,,, well, they trade size. it's hard to enter positions without pushing the price around.
I guess if you are retail and are any good at trading you will go find your way to a fund/prop shop soon enough, where you have access to mentors, and trade with more capital without being as exposed to the drawdowns.
Sounds like a scam