Your Trading Room

[FxTrader]

1) I was definately not receiving all the SMS trade calls like the sales rep said I would...

SMS trade calls are swing trades, not live trading room trade calls. I have never had a problem with their SMS messaging and they have a technical team that sorts out such issues for you as a member.

The YTR rep informed me that although the SMSs were free to guests, their more regular email market summaries were not included for guests. Strange. Emails can be sent at no cost - whereas SMSs would actually cost them money. Why would they do this?

Uncertain, but the market summaries are emailed and posted daily in the forum section.

The rep quoted me that they had 'educated' 3000 members since inception. When later I asked how many were current members he said 800. That's only a 26.6% retention rate. So my next question was; "Why would anyone walk away if the system is making them money?" His explanation was that the 800 only represented the ones who login regularly (ie active members) and the other 2200 are out there presumably making squillions from their education in the YTR live trading rooms and don't need to login. Sorry, but if any person or system has given me that sort of financial freedom - I'd support them to the end of the earth and would keep logging in forever more.

Curious, the YTR membership is lifetime, access to the live trading room is not. After 12 months trading room access incurs a monthly fee so only a certain percentage of members will pay this ongoing fee since they will have already traded YTR strategies for 12 months. The mods trade only published YTR strategies so many experienced members would likely choose not to pay the room fee ongoing unless they saw some value in doing so.

I don't like being totally reliant on anyone or anything. To sign up for YTR requires a lot of trust in everyone at YTR. While the pro traders like Willie certainly seem genuine - I don't believe the whole system is transparent to all members. My gaps in SMS alerts is the key driver for that belief.

YTR does not teach reliance (quite the opposite), they are an education provider establishing a reputation for developing successful Forex traders and not a pump and dump shop. YTR is more "transparent" in their dealings with members than any organization I have ever dealt with.

Long story short. They nearly had me by the short and curlies! But I've backed out and decided it's back to the hard slog of trying to find my own trading system.

Go for it and good luck, but keep in mind that only about 12% of Forex traders make money. YTR's program is a good one, and I looked at many before joining. Be careful about choosing who you place your confidence in.

I tell you this... if anyone here can help/coach me to develop a good FX trading system that they can prove returns consistent profits - I'll gladly pay you what I was going to pay YTR.

Yes, there are many trading coaches/mentors out there who will be happy to take your money and in many cases it will be more than $5000, some less, for a time limited program. If you want 1 on 1 coaching then be prepared to pay big money for it.

http://www.tradingcoachdirectory.com/

 

[alwaysLearning]

It was probably a year or nearly 2 years since I checked this place out. I only visited for a short time just to see what they offered. I went to the canon hill location in Brisbane, near the kmart.

Their office is very nice and they had a big screen on the desk showing bloomberg.

I spoke to one of the sales guys. The guy seemed like a nice person. But I did ask him if they could provide verified trading records of their teacher mods. He told me to look at their website, but I said I wanted to see actual trading statements that could be verified. He said they can't provide that information.

I thanked him for his time and decided to leave.

My opinion is that verified trading statements should be provided, so that we know that they are taking the same risks with their hard earned money that they expect me to.

If they do this and can show profitability, they will get many more sales and people in to trade with them and for training.

 

[Paulo30]

I personally dislike indicators also, but some people seem to have success with them, so each to his own.

From the "free" webinars, it looks like they are using pretty basic concepts.. same story, obtainable from most trading books. In particular, one system uses swing trading, and another looks to be more of a short-term indicator system.

I find most of these companies and systems get too complicated, and from what I've seen with Your Trading Room, they are watching about 20 pairs, and sending out signals left-right and centre.. so of course some are going to hit, and others not.

If anyone is really serious about trading or FX, they really need to develop their own set of rules, strategy, timing and system. These sorts of "package" deals just aren't going to suit most people.

BTW that "only 12% of traders are successful" type statistic is true, (it's probably closer to 5-10%), but not because they have the wrong system or dealer or package provider, but because they don't have the patience and desire to make it work for themselves (minus relying on SMS alerts or indicators).

Well their 'trading strategies' seem to concentrate on basic indicators like macd and cci. I wouldnt give money for indicators, ever.
Markets move because of news, sentiment and volume, not indicators.

 

[Plumber1]

But I did ask him if they could provide verified trading records of their teacher mods. He told me to look at their website, but I said I wanted to see actual trading statements that could be verified. He said they can't provide that information.

.

That would ring big alarm bells to me. Sounds like they are sending signals but not trading those signals themselves.

But, I suppose when newbies are paying them $20,000 for their GPT trader program, why would they want to trade?

 

[AshtrayBroom]

I've taken two 1-week trials with YTR throughout my FX journey. First time around they seemed good to my very inexperienced mind. Second time around they appeared to me to be yet another sales-driven firm that probably doesn't make any money from actually trading the FX themselves. Too many indicators, little-to-no focus on price action. Grandiose promises and some creative number-fudging as mentioned prior. Definitely not what I'm looking for, especially when there are free services out there like...

http://compassfx.com/forexsignals/

...that are much more professional and straight-up about everything.

 

[youandme]

What everyone here seems to forget is YTR is an education provider not a broker or spruiker and as an education provider like any school of further education or collage of learning you have to pay for your education, Is this unreasonable?

It’s up to the individual to embrace the education and use it in a manner that befits their own personality, YTR can’t be held responsible for every members trigger pulling so yes of course they have members who can’t be bothered to learn or work on a strategy that suits them so they have failures, however if you really have the desire to learn and become professional $5k life time membership is a small price to pay, there are many in the live room that make BIG$ but don’t have to prove nothing to anyone.

All professional traders in the room talk % not pips ,pips are only recorded as a movement in the entry and exit point of a trade, scaling in and out has nothing to do with this since they don’t record $$ or personal % only pip targets can be called, so they don’t claim any BIG $ values only daily pips + or – and so there is nothing to be fudged here as all who attend the live room will defend as correctly logged.

How can things not be transparent when you are calling live trades with a live audience?

Yes YTR has many Indicators but also teach many types of trading from candle stick recognition to fib/pivot, pennant and flag trading on Daily, 4 hour & 1 hour charts no indicators other than a MacD or volume indicator for divergence to using several indicators for short scalping strategies. It’s up to the individual to chose a style of trading that suits them YTR just show you all the options and teach the strategies.
And as for bullbear39 228 pips free what more evidence do you need , 100 pips a week is financial freedom what more evidence do you need ? $5k is a small price to pay ,however if you want to read a book and think you will gain more from that than being able to talk to many many professional traders 24 hours a day will be more beneficial don’t waste your time on the books , that’s like reading how to drive a car.

YTR education is a live trading coaching program that comes at a cost a cheap one if you have a goal to succeed and desire to be successful , you just have to want to do it and stick with it until you get your head in the zone.

YTR changed my trading after 5 years of going nowhere and blowing up 5 accounts I’m now making money and understand how to do it sensibly, a small price to pay for financial freedom I think.

You should all try a free 5 day guest pass and have a look, YTR is forever growing and refining the education process, watch Adam trade, his trade calls are massive with small stops and big targets his results speak for them selves, have fun.
And FX trader you can lead a horse to water you all know the rest, but I know where I’m drinking YTR every day!

 

[Plumber1]

A couple of questions.

a. How many of the YTR trade presenters/callers are there?

b. Is each presenter actually trading ALL their recommended trades OR are they pseudotraders who are just putting out trade signals (and using the trading room as a marketing tool only)?

c. What are their individual results?

d. Can you verify their actual trading results?

e. Most importantly, can you verify that they are actually placing real trades?

If they are NOT prepared to trade their own system with real money, then it is clearly apparent that the YTR 'education' has no real value.
That is to say, it does NOT show them the right way to be a profitable trader.
Education without a successful result is not much of an education.

 

[Plumber1]

there are free services out there like...

http://compassfx.com/forexsignals/

...that are much more professional and straight-up about everything.

Yes. I agree with you.
Emphasis on the FREE.

 

[Ruby]

....... there are many in the live room that make BIG$

How do you know this? Have you seen their trading results?

....... YTR changed my trading after 5 years of going nowhere and blowing up 5 accounts I’m now making money....

Are you prepared to show us your trading results? Verified of course!

 

[Paulo30]

Always a bit dubious about guarantees from companies or "educators" that one can make X pips per week.. IMO it's near impossible to ensure any amount of pips per week, but on average things work out. Some weeks I might make 500p, and other times it could be 3 weeks before I make 100p.

Further, saying that 100 pips a week is financial freedom is a bit hmmm.. one would have to have a large account or be leveraged up to the max in order to live off 100 pips a week as financial freedom.. assuming it was regular and even possible to get consistently.

 

[youandme]

A couple of questions.

a. How many of the YTR trade presenters/callers are there? about 10 live room moderators

b. Is each presenter actually trading ALL their recommended trades OR are they pseudotraders who are just putting out trade signals (and using the trading room as a marketing tool only)? All moderators trade there own live accounts, however all the moderators trades called in the room can be varified,do you honestly think us members would let YTR get away with fudging results there are a few hundred people in there at least , every night they know it's real all right

c. What are their individual results? cant say as they trade there own accounts seperate to the room and have multiple accounts with different brokers to spread the risk

d. Can you verify their actual trading results? Yes all results are posted in the members area.

e. Most importantly, can you verify that they are actually placing real trades? Ask the members get a guest pass and have a lok for your self!

If they are NOT prepared to trade their own system with real money, then it is clearly apparent that the YTR 'education' has no real value. They are proffesional traders of course they trade there own accounts,these people were profesionals and thats why YTR recruted them in the first place.
That is to say, it does NOT show them the right way to be a profitable trader.
Education without a successful result is not much of an education.

Here are some members comments right out of the room tonight;

G-Frank Stach: manuel you said first month was a 1000pips are you made the same pips in the following month

Manuel Sutor: in march over 2000

Manuel Sutor: considering that my monthly goal was 500 pips, i do that with the Willie Box per week now

G-Frank Stach: Manuel how long it took you to learn the willie box?
------------------------------------------------------------------- (05/19/2011 18:09) -------------------------------------------------------------------
Manuel Sutor: one week Franc

 

[youandme]

Always a bit dubious about guarantees from companies or "educators" that one can make X pips per week.. IMO it's near impossible to ensure any amount of pips per week, but on average things work out. Some weeks I might make 500p, and other times it could be 3 weeks before I make 100p.

Further, saying that 100 pips a week is financial freedom is a bit hmmm.. one would have to have a large account or be leveraged up to the max in order to live off 100 pips a week as financial freedom.. assuming it was regular and even possible to get consistently.

YTR dont guarentee anything ! how can they possibly guarentee someones sucess , it's upto the individual to learn and benifit from the coaches a coach is there to coach he canot guarentee a student just as a teacher cannot guarente a student will pass his exams.

If you make 100pips a week every week and are sucesfull at it you will be financialy free , youes lot just think about instant profit you want it all now! you have to be educated to be sucesfull and make the right trades based on corect analysis and market conditions , Trade what you see not what you hear!

 

[youandme]

How do you know this? Have you seen their trading results?



Are you prepared to show us your trading results? Verified of course!

I dont know you I have nothing to prove to youwhy dont you look at the live rooms and ask yourself, go to you tube or Yourtradingroom.com and look at the testamonials these are real people you can meet them all in the live rooms taking trades every day, it's atrading community at YTR we are all in it together, if it was **** I wouldnt be singing there praise darling, the proof if in asking real people in real time every night the markets are open

 

[wayneL]

Have you ever plotted a 50 period CCI and a 34 period EMA on a chart and noted what often happens when the CCI crosses its zero line around the same time that the closing price first closes above (or below for short) the 34 period EMA.

You do realize that the CCI is a moving average based indicator? https://www.aussiestockforums.com/forums/showthread.php?t=10291&p=272685&viewfull=1#post272685

 

[youandme]

Yes. I agree with you.
Emphasis on the FREE.

I doubt they come anywhere near YTR's education and live classroom sessions, which are run about 4 times a day for the global membership the live rooms run 24 hours 5 days a week you can ask a professional a question any time, there are 100's of hours of recorded class sessions to the video library is exceptional

 

[Ruby]

I dont know you I have nothing to prove to you....

No you don't, but neither can you expect me or anyone else to believe your claims.

...why dont you look at the live rooms..........

I have done - hence my scepticism!!

......and look at the testamonials ....

Really!! Don't be so naive! Anyone can make up testimonials (and many organisations DO)

if it was **** I wouldnt be singing there praise darling, the proof if in asking real people in real time every night the markets are open

How do you know these real people are real traders? How do you know they are not just pretending to be successful to make themselves feel good? or achieving these figures on a simulation account? A lot of people who frequent trading rooms are just trading junkies who love to watch and listen and never hit the button. You don't know that someone who is just a name on a screen is making 2,000 pips a month - just because he says so. If you believe that then you really are amazingly gullible!

If you want to have any credibility, then back up your claims. Show us some trading results. You might even attract some more clients for your trading room.

 

[youandme]

No you don't, but neither can you expect me or anyone else to believe your claims.



I have done - hence my scepticism!!



Really!! Don't be so naive! Anyone can make up testimonials (and many organisations DO)




How do you know these real people are real traders? How do you know they are not just pretending to be successful to make themselves feel good? or achieving these figures on a simulation account? A lot of people who frequent trading rooms are just trading junkies who love to watch and listen and never hit the button. You don't know that someone who is just a name on a screen is making 2,000 pips a month - just because he says so. If you believe that then you really are amazingly gullible!

If you want to have any credibility, then back up your claims. Show us some trading results. You might even attract some more clients for your trading room.

A/That’s easy to answer, and if you too the time to ask them you would know they are truthful,
Quite simply they no longer work and trade full time so unless they are living a lie and the dole money has bought them new cars boats holidays ect then I know they are truthfull they have nop need to lie they great people who I have met many times personaly.

Trading by yout self is such hard thing to do trading in a comunity keeps your head right and the support from all at YTR is exceptional you trade your way I know were I'm staying I have paid for my membership many times over so I know it works otherwise I'd be bad mouthing them as you do .

I'm saying nothing

 

[Ruby]

I'm saying nothing

Oh, but you have said such a lot!! Enough to make me suspect that you are a representative of YTR posing as a client, promoting them with almost religious fervour, and probably don't even trade at all!!

 

[youandme]

Oh, but you have said such a lot!! Enough to make me suspect that you are a representative of YTR posing as a client, promoting them with almost religious fervour, and probably don't even trade at all!!

HaHa,Funny, no just learnt so much from them that I think they deserve a good rap not bagging from some one who hasnt got a clue.

I enough said have a prosperous life

 

[dougit]

I am learning heaps from ytr. happy customer. skype me dougitk if you would like to hear my experience