Where to begin with Eminis?

[downie]

I'm interested in gaining knowledge to get into trading eminis. funds are limited so i would like to avoid the courses unless anyone can recommend a very reputable school. I don't know where to begin, how to open a trading account etc. Is there any trading rooms out there that don't require you to do their course? Info on where some good starting point is would be much appreciated.
Thanks

 

[Timmy]

Re: Eminis Interest

What level of trading / market experience do you have downie?

 

[-Bevo-]

Re: Eminis Interest

If your looking at trading intraday you could try Joe Ross http://www.tradingeducators.com/trading-seminars.htm
he use to have have a ebook for the ES contract intraday not sure the cost or quality of content.

Interactive Brokers would be the best online broker to use for trading emini contracts http://www.interactivebrokers.com/en/main.php

Invest in a good size mug and some coffee if you plan to trade eminis intraday the hours are horrible for a Australian based trader.

And last don't get caught up in the hype that you see posted on websites of people who make fortunes trading eminis there selling false hope if you have limited funds and knowledge you can quickly send yourself broke trying to master those markets intraday.

 

[downie]

I have nil experience. Not looking to make my fortune,(plenty of better areas to do that) just looking to subsidize my current income, which isn't much.

 

[Ruby]

Just a warning to anyone wanting to trade eminis and looking for a good course......... stay away from an organisation run by Aaron Furst and Peter Bryant. Their fees are VERY high, they are NOT licensed, and Peter Bryant is just a slick-tongued salesman.

Web sites are learneminis.com.au, globalmastertraders.com.au and mastertraders.com.au

ASIC is coming down very heavily on unlicensed people giving trading advice, or who are deemed to be giving trading advice

 

[groggo]

Hi Ruby

I have been looking into emini courses and have been looking at those sites as well as a couple of others, traders international and elite traders are others. there seems to be so much negativity towards just about every course i find and it's hard to find feedback from people who've done the courses. (apart from on the websites!)
Do you have any experiences with these guys or anyone else

thanks

 

[Ruby]

Hi Groggo

I have fairly regular contact with a group of traders and investors and in the interests of helping each other, we share information. One member of the group who wants to trade eminis contacted Global Master Traders / Learneminis to register for a live webinar last Wednesday and was instead sent a recorded one. When he asked for a link to attend the live webinar that evening he was told it had been moved to the previous day (!!) He still has not received a link to attend this coming Wednesday.

He then asked a few more questions (of the type that anyone spending nearly 10K on a course might ask). See below and make your own judgement.

Q. Does Aaron Furst hold an AFSL?
A. As he is based outside the country he is not required to have one.

Q. Who are your other trainers and are they all PS146 compliant?
A. No answer.

Once the sticky questions were asked all communication was severed. A genuine organisation would be happy to answer these questions. This raises suspicions. If (as claimed) Aaron Furst is based outside the country, what recourse do students have if he doesn’t deliver, and doesn’t fall under the rules of ASIC? It makes his guarantee worthless. I would be giving them a very wide berth!

As for Elite Traders, I haven’t ever heard a good word about them. All the people I have spoken to have lost money trading their systems, and also complain about complete lack of customer support once the money is handed over.

Traders International – there have been reams written on this forum about them, and I can’t add to that. Suggest you do a search.

Hope this helps.

Ruby

 

[Agentm]

i was given the impression trading enemas was a pain in the butt

 

[Ruby]

It's certainly uncomfortable!

 

[wayneL]

It depends.

Sometimes it can bring a certain sense of relief.

 

[groggo]

Thanks Ruby

TI - I had already written off due to bad publicity and Elite Traders keep bugging me with recorded phone messages that I have no idea how to stop.
I hadn't up till this point found anything bad about Learnemini.
Thanks for the heads up

 

[Ruby]

Groggo, the choice is yours of course, but when an educational organisation refuses to answer simple questions that they should expect people to ask, it can be a good warning signal. Make your own enquiries.

Cheers

 

[mervk]

Hey Groggo, I've been a member of Learnenimi group for 18 months now, and best move I ever made. Happy to pass off my experience personally if you want to contact me. mkrollxxxaapt.net.au just replace xxx with @.

Goes for anyone else who may be seeking an opinion from someone who has been turned into a trader by the learnemini teachings...

cheers

Mervk

 

[MACD]

EMini education

Here is my 2 cents opinion on emini education.

Keep well away from Traders International. It will cost you $10k plus and you will not make any money. I know as I'm a member! It's all smoke and mirrors.

IMO there are no good trading schools or emini education vendors / trading rooms in Australia. The best are all in the USA. I have tried all the Aussie ones and they do not come close to the Yanks (IMO)

I do not believe that you need to join a school or trading "education" room as this is not a guarantee for success or anything else. They are expensive and may not be appropriate to your trading and personality. They make great promise but just deliver bad news and losses. They then blame you for taking a bad trade!

If I were starting out, I would do the following:
Get Ninja Trader software as it's free and easy to use.

Trade every day in simulation for a minimum of 6 months before even thinking of trading with real funds. If you can't make a profit in sim, then you will never make it with real funds!

Join a forum such as Big Mike Trading (BMT) http://www.bigmiketrading.com/
you will learn so much more than you would from other trading sites and schools. The BMT forum is free. It has tons or brilliant systems and methods and they discuss all things trading, particularly Futures.

If you still want to waste money on a paid trading room, then join one after the above.

The only way to make it trading futures and eminis is to get screen time and spend the hours practicing. There is no magic silver bullet or indicator that will make you rich and profitable. It's a lot of hard work.

However, if you stick to it you can do very well from futures.

Good luck and good trading.

 

[mpl]

Yo Ruby

So what exactly is wrong with Aarons training ??????.
I have been doing it for over 12 Mths. Best I have EVER had.
Anyone wanting info pls IM me.
I know who you are by the way Ruby & know why you are saying what you say.

MPL

 

[Ruby]

Hi MPL,

So what exactly is wrong with Aarons training ??????.

I don't know. Is there anything wrong with it? If you read my posts you will see I have said nothing detrimental about his course or his training. I wrote about one person's difficulty in getting straightforward answers to questions.

I know who you are by the way Ruby & know why you are saying what you say.

If that is the case, why don't you contact me privately?

If you have found the course useful and are making lots of money, then I am happy for you. I sincerely mean that.

Regards,

Ruby

 

[mpl]

The reall problem is Ruby is that I DO know your history.
Be very very carfull what you make statements about as it is much much more than Aarons course you are attacking.
Have me banned if you like, but I will stick by my statement along with many others that you will be well aware of.
Take your personal vendetta along to your next victim, This is more than learnemini you are defameing here.
As for Aarons course, Guy's look it up, contact me if you wish i will personaly give you any details that you require.:

 

[Ruby]

The reall problem is Ruby is that I DO know your history.

O dear, MPL, insist all you like, but you do NOT know who I am or anything of my history. Even if you did I would not be concerned. My history is boring, and I have nothing to hide! Send me a private message and we can sort it out.

Be very very carfull what you make statements about as it is much much more than Aarons course you are attacking.

??? I have nothing to fear from any of the statements I have made in my posts. Read them. I have not attacked Aaron's course at all! You really ARE getting yourself steamed up!

Have me banned if you like, but I will stick by my statement along with many others that you will be well aware of.

I have no intention of trying to have you banned. This is too much fun. Stick away!

Take your personal vendetta along to your next victim, This is more than learnemini you are defameing here.

Vendetta? That is rather a strong word for stating a few facts. Is there anything I have said in my posts that you wish to deny? Aaron Furst has not refuted any of it. If there is any defamation in my posts, please point it out to me.

As for Aarons course, Guy's look it up,

One last thing - I abhor the incorrect use of the apostrophe. It's "Guys", not "Guy's"

Have a great day,

Ruby

 

[rcon]

Hi Ruby

I have been looking into emini courses and have been looking at those sites as well as a couple of others, traders international and elite traders are others. there seems to be so much negativity towards just about every course i find and it's hard to find feedback from people who've done the courses. (apart from on the websites!)
Do you have any experiences with these guys or anyone else

thanks

groggo iam new to this whole thing and I find like you that there is so much negative feed back on any trading courses on every forum,is it that people have done these courses and not followed the system and are speaking through there pocket.The first point i picked up when attending some 1 day seminars and searching the web was to stick to the rules and you wont get burnt.If you come across an options course that no one puts down let us know,rcon

 

[professor_frink]

groggo iam new to this whole thing and I find like you that there is so much negative feed back on any trading courses on every forum,is it that people have done these courses and not followed the system and are speaking through there pocket.The first point i picked up when attending some 1 day seminars and searching the web was to stick to the rules and you wont get burnt.If you come across an options course that no one puts down let us know,rcon

Have a quick read of this thread:

https://www.aussiestockforums.com/forums/showthread.php?p=557545#post557545

Things aren't always as they seem.