Traders International - Trading S&P500 Eminis + FX

[nighteyes]

Re: Traders International - Trading S&P500 Eminis

Guess that is why they charge the $7K.

1. Teach you their system
2. Have someone mentor you through your early trades

Newbies with no such support can lose much more than $7k.

The question really is, will they deliver what they promise?

 

[Timmy]

Re: Traders International - Trading S&P500 Eminis

Best way to shut up the skeptical is to post your trades real time in the an appropriate thread. Like this one. Or send some statements to some senior members.

One problem with TI is their kick backs for recruiting other members. Always makes people skeptical that the praise is genuine as many have an interest in it looking like "THE" system.

<BURP> oh...excuse me ... too much spam...

Well, some fabulous posts on this thread, the one I quoted above being the best I reckon.

Precious little posting of trades going on to show what a great system this TI mob has.

In the abscence of posting trades can we at least get a spreadsheet showing the kickbacks received by existing members for signing up new suc ... sorry new members? How much of the $7K does an existing member get? Do you get a greater proportion the more newbies you sign up? Do you have to buy soap products too or is that just Amway?

Nearly dinner time here, looks like spam again. With a BS sauce .... mmmm....BS.

 

[Rockhoundnz]

Re: Traders International - Trading S&P500 Eminis

Guess that is why they charge the $7K.

1. Teach you their system
2. Have someone mentor you through your early trades

Newbies with no such support can lose much more than $7k.

The question really is, will they deliver what they promise?

True, but the problem is that 7K only let's you in for a few months. Realistically, you can't become a good trader in that length of time. Having a coach for a year or more is the way to go.

 

[nighteyes]

Re: Traders International - Trading S&P500 Eminis

Definitely agree with that

Guess I'll find out for sure now cos I decided to bite the bullet and try it? Time will tell if I end up cursing my impulsiveness

 

[nighteyes]

Re: Traders International - Trading S&P500 Eminis

Out of curiosity Rockhoundnz

How are you finding puretick. From what I read of his postings and others about them, he seemed pretty genuine in his belief that his system will help noobs overall.

 

[TI Member]

Re: Traders International - Trading S&P500 Eminis

Goodluck with it Nighteyes. I hope you enjoy it as much as I do.

 

[nighteyes]

Re: Traders International - Trading S&P500 Eminis

Thanks TI

 

[Rockhoundnz]

Re: Traders International - Trading S&P500 Eminis

Out of curiosity Rockhoundnz

How are you finding puretick. From what I read of his postings and others about them, he seemed pretty genuine in his belief that his system will help noobs overall.

I'm very happy with Puretick. They're approach is realistic and with the goal of helping you become a great trader over the time it really takes (years). Their calls are great - the track record on their website is real, and achieveable. The trading room is great with lots of nice people in it, and Alex does his best to answer as many questions as possible. I couldn't be happier really. I also like their pricing - at US$299 a month I can afford to stay with them for 18 months or more for the same money as I'd get just a few months with TI. Please feel free to email me if you have any other questions about them (same goes to anyone else that's interested in them).

 

[skitz_82]

Re: Traders International - Trading S&P500 Eminis

Hi guys,

Just thoughts I'd post up a reply about Traders International.

This is a longish post so ignore if you don't have the patience lol.


My background, I'm currently into property investment and I have just finished renovating 2 units in the last 6 months from which I will be taking the tidy profits to invest more shares into portfolio margining or and also to buy the Traders International course. I am new to eminis but I am not new to share trading and property investment, but thought trading eminis would help provide cashflow.

My thoughts on TI as TI Member suggest is that they are legit, and so far I haven't really been able to fault them so far. I have watched a few of their webinars and been to that $500 course night which I managed to get for free. All their results are transparent, and you can check them the website, they even list the trades, day, time, short/long, which index etc.

By ASIC they are only allowed to list 10% profit/loss ratio, with around 70% probability of winning. Noobies will follow the 2point profit/loss while more advanced traders will use still a 10% loss with scale out, or trailing stop losses to clock around 20-40% returns, so even if you have a 50/50 winners losers, you're more likely to make back your money as winners are more profitable than what you'd loose.

Yes 7000 AUS is alot to fork out, they are currently being marketed by Empowernet, Eminis Global from 21 Century Academy (which is reputable) and a few other companies. There are other options you can opt for which is what I will be doing, 3 payments of ~2500 or Half of 3500 and the rest in 10 payements over 10 months or something similar. You need around $2-4k to start trading to be able to sustain the loses for newbie mistakes and not have that scarcity mentality. This is just the price of trading, which I don't consider to be high as an investor.

I agree the hidden costs are high especially those on a budget, eg. room access, data feeds etc, but I think this is a small price to pay for the amount of live support you get which I think is important. I've seen the course from a mate who is making a tidy profit from it too, and the material is pretty basic, but who said things needed to be complicated to make $$?

All in all, I guess since I spent the better half of a few months making my profit from renovations, I'm willing to spend the money as I would rather not waste my time combing free material off the net (sometimes free advice is the most expensive advice), and learning it from scratch.

I also don't believe it takes years to be profitable from it. I can relate, I spent 3 years learning fitness and nutrition to almost personal trainer level, to get it right, but I taught a out of shape mate how to do a body transformation in 6 weeks, who was a total newbie, who pretty much clocked almost a 6 pack in 6 weeks. He just profited from my 3 years of experience, and we put together a solid diet/exercise plan and had strict discipline and focus, this would be very similar to investing. Now I'm thinking why wouldn't I want to do the same? I'm a newbie so I rather pay someone to teach me and save my own time. Like I learnt at the Anthony Robbins seminar, find the best and model them.

Sorry about the long post and off tangent topics, but I did want to post my thoughts. I won't mention much more till I trade live in 2-3 weeks time, so I can prove the results and show how good/bad they are. I will try to will remain neutral (maybe slightly above) but I will post accurate repsentations of my results, I will also look into Puretick for comparisions. Hopefully this will get me towards my Alfa Romeo 8c spider by the end of the year =D

Cheers!

 

[wayneL]

Re: Traders International - Trading S&P500 Eminis

...21 Century Academy (which is reputable)

You lost me right there skitz, LOL

Suspected VI

 

[Timmy]

Re: Traders International - Trading S&P500 Eminis

Wayne,

I think you misunderstand the post from skitz_82. The reason 21Century was mentioned favourably is because 21Century are a marketing partner of Traders International - they cross-sell each others products for good-sized commissions all round. Of the $7000 initial start-up cost of the scheme, about $3000 will go to the seller as commission, then the ongoing expensive fees which the real users of Traders International have posted about so unhappily provide a trailing commission, again in the realm of 40% commission to the seller. Make no mistake Wayne, the talking up of 21Century is a pure cross-promotion, there is a LOT of money being earnt out of Traders International and its not by the users I can assure you.

The post from skitz_82 is the next level of forum spamming. The poster sounds all reasonable and down-to-earth, but anyone with a clue about marketing can see the sophisticated nature of the spam and see the buttons he is pushing. It is easy to take advantage of people when you know about these buttons.

Yes, he agrees the fees are too high, and then cleverly says "but ... (the but is always a dead giveaway) ... a small price to pay..." Very clever indeed. Look then how the spammer outlines the easy payment options, how he portrays himself as a successful investor - oh yes this one is slick. He even has a mate who is "making a tidy profit" - of course. In a way you have to admire him, he is cleverly earning the commission dollars. The 'kickbacks' to existing members to the scheme for signing up new members is also a very clever, insidious way of preventing the truth being told. It is advantageous to fool others into spending for the 'system' and to keep quiet about the schemes problems and losses in the hope of recovering your losses.

To readers of this scam, don't be fooled. The spammers are getting more sophisticated, that is all. They are relying on your gullibility. You know what they say about a fool and his money are soon parted, well this spammer is taking advantage of this to earn a $3,000 commission on the initital $7,000 scheme fee and the ongoing, hidden fees.

 

[wayneL]

Re: Traders International - Trading S&P500 Eminis

A five star post there Timmy. But perhaps I was being too obtuse, that's exactly what I mean by VI (vested interest).

You laid out the whole ruse to a "T".

 

[RichKid]

Re: Traders International - Trading S&P500 Eminis

Great pick up there Timmy.

Skitz has used all the sales tricks from establishing credentials ('successful property investor with spare cash and experience in shares') and feigning empathy with those who might prefer to find substitutes (eg 'the course isn't cheap but it's worth' it....'free advice is the most expensive') to pushing the buttons of people struggling to change for the better (couldn't lose weight/get fit and now he is so good he teaches others how to do it, all in just six weeks).

Talk about cross selling internally- this guy will make you wealthy, healthy and happy, just fork out your hard earned pronto)....etc etc, and with a name like Anthony Robbins thrown in there for good measure. But he's not as crude as some others, just be prepared to lose a few k along the way, the pain is part of the game, that should keep the poor punter hooked a bit longer than in the less sophisticated schemes. Utterly shameless.

21st century academy caught my eye too, see what ASIC had to say about them- ASFers can search our forums for discussion of how they operate and who's behind it.

 

[barney]

Re: Traders International - Trading S&P500 Eminis

When someone comes on ASF and their first post is a sales pitch, thats about as subtle as being hit between the eyes with a sledge hammer. :bonk: Been happening a fair bit lately I've noticed. You'd think these "sellers" would be a bit smarter than that ........ Doh :homer:

I've watched the TI intro DVD ........... nothing wrong with it ......... but if you can use a MACD and Stochastic indicator, you don't need to part with thousands of dollars ................ As Wayne and others have eluded to on this and other threads, the psych aspect of trading with real money is where most traders come undone ..... myself included ................ and you can't "teach" someone how to fix that.

Have a good weekend gentlemen .... I'm off to play lawn bowls, which is about the full extent of my physical capabilities nowdays.
:run:

 

[professor_frink]

Re: Traders International - Trading S&P500 Eminis

I'm very happy with Puretick. They're approach is realistic and with the goal of helping you become a great trader over the time it really takes (years). Their calls are great - the track record on their website is real, and achieveable. The trading room is great with lots of nice people in it, and Alex does his best to answer as many questions as possible. I couldn't be happier really. I also like their pricing - at US$299 a month I can afford to stay with them for 18 months or more for the same money as I'd get just a few months with TI. Please feel free to email me if you have any other questions about them (same goes to anyone else that's interested in them).

Interesting to see puretick mentioned here. I had no idea they were so expensive. They have reps/spruikers posting at another forum I visit from time to time, and I can't really say I've seen anything posted by them there that would motivate me to pay $50 a month for, let alone 300

From what I have seen here in this thread, and from other spruikers for these types of chatroom/mentoring setups, most people would be much better off spending time on open, free forums like this one(and a few others) reading posts, and talking to other traders that are trading the markets they are interested in. Doesn't cost anything, and most would be surprised at what can be learnt for free by talking to the traders that are out there.

 

[Trembling Hand]

Re: Traders International - Trading S&P500 Eminis

Doesn't cost anything, and most would be surprised at what can be learnt for free by talking to the traders that are out there.

Yes and the first thing they would probably learn is to stop talking in return on margin. How dangerous are these IDIOTS who take thousands from the first time punter and don't even set them up with the right metrics to be profitable.

I have never seen an experienced trader quote return on margin numbers. Only spruikers.

 

[skitz_82]

Re: Traders International - Trading S&P500 Eminis

Well guys thanks for the flame, even though I was posting my honest thoughts. I just got back from helping a mate with his renovations work and read a whole bunch of posts thinking I'm trying to scam everyone, nice to be hated.

I don't mean to sound like a sales pitch and I'm sorry if I did, as I don't actually work for 21st century academy or TI, nor have I ever worked in a sales career. I just felt bad TI member was getting flamed for posting his posts which I thought wasn't a bunch of sales pitch and mumble, so I thought I'd defend him.

I don't see why we can't post some positive information about our thoughts and reccomendations especially since there are so many negative ones.

Yes I have been to a Anthony Robbins Seminar in Sydney, but I don't see anything wrong with promoting Anthony robbins as I learnt alot from the seminar which I went to last year. Why do you recomend a good book or restaurant without working for them.

I'm not a rich millionaire entrepeneur, but I am working on my way there, aren't we all? Why pay for a course? Why do you pay to go to University instead of paying to go to the local Tafe, or would you rather try to learn a degree from the Internet and free information?

My properties are legit and are in a area called Queanbeyan NSW which is on the border of Canberra, and if you're in the local area passing by in Canberra I dont' mind showing you the property and sales information and the renovation work either just personal message me, and no I didn't make money from them by a magical wand or book, it was called hard work and research and some advice.

Everyone has their own way of doing things, I guess we all do, so I applaude you guys for having success doing things your own way, but don't just flame people cause they are doing things differently.

Those who are TI memebers already I would like to catch up though to discuss. Maybe I'll have to do day trip if you're near by.

Well keep up the work everyone, I don't see that I would have to justify what I posted earlier, its just what I thought, but this was a fair go, if not well I can't change the minds of everyone.

----
I must be quite good at sales, however as I was doing all these advanced techniques without even knowing, so good on me.

I used an analogy of fitness because thats what I enjoy doing as a passion, and I can relate it to investing. I taught a mate a process for fitness in this case and taught him shortcuts which I spent some time learning. Anythign wrong with this?

And when did I claim to make people healthy, wealthy and happy, I've just been talking about my experiences, and I havent' asked anyone for their money either, nor do I want it.

21st Century Academy and Empowernet I heard about from a friend which was how I got introduced to Anthony Robbins Seminar. So yes they are all Interlinked, but thats how they promote each other. So I can see how this seems as a sales pitch. TI is marketed by 21st, and empowernet, and a few companies, I think thats just how they work. Well fair go, I won't mention anything else, cause it seems a bit futile. Just my thoughts.

 

[chops_a_must]

Re: Traders International - Trading S&P500 Eminis

Given the obvious benefits to ramping this business, perhaps anyone spruiking it should be automatically banned?

Also, Wayne... if that is your new blog... well done. Looks great, I love it.

I make sure I click the ads on blogs I like... so, that wont be a problem.

 

[skitz_82]

Re: Traders International - Trading S&P500 Eminis

I will ask the moderator to remove my first post, I did not intend to market, offend or try to scam people, since I am not actually asking anyone for their money nor do I want to be seen that way.

This was a post about TI so I thought I'd mention what I thought about TI. Mention of other companies, was just a stated fact because thats how they market each other, I forgot how it would seem like a marketing pitch.

Obviously if you're paying down the mortage and struggling with bills it would not be smart to put your life savings and hope it all on this course. Do your due dilligence with seminars and courses but try to get a more netreul view from people who have had good and bad experiences from any course or seminar.

 

[barney]

Re: Traders International - Trading S&P500 Eminis

I will ask the moderator to remove my first post, I did not intend to market, offend or try to scam people, since I am not actually asking anyone for their money nor do I want to be seen that way.

This was a post about TI so I thought I'd mention what I thought about TI. Mention of other companies, was just a stated fact because thats how they market each other, I forgot how it would seem like a marketing pitch.

Obviously if you're paying down the mortage and struggling with bills it would not be smart to put your life savings and hope it all on this course. Do your due dilligence with seminars and courses but try to get a more netreul view from people who have had good and bad experiences from any course or seminar.

Hi Skitz, I'm sure you are a decent guy (nothing wrong with sales), but the fact that it was your first post is what swayed it for me ........... If you are promoting TI ..... fine with me ..... everyone has to make up their own mind whether they pay for info etc or not, but, you'll probably find most at ASF are a little mor savvy than most ............. If you had already posted 100+ posts on various other subjects/topics, your post would have carried a lot more weight .............. Just my observation ........... I'm sure others would agree......... All the best.