Your Trading Room

[Joe Blow]

Speaking of angst, I think we need a little less of it in this thread.

As a service offered to Australian consumers, people are entitled express their opinions or offer an assessment of that service. Those opinions can be based on first hand experience of that service, on the claims made on their website or marketing/promotional material, or on other factors such as reputation or licensing arrangements.

The point is that while feedback and opinions are welcome, both good and bad, personal attacks and insults are not. I understand how there may be legitimate reasons for questioning motives - on both sides of the argument - but hurling insults around does not help the tone of the debate.

So lets try keep things a little more civil from this point on please.

 

[TeleSonic]

This thread is about YTR not about Romad and your entire focus here has been on Romad's FSL as if this has anything at all to do with YTR's product and service offerings....

Romad are responsible for the service YTR provide. YTR are just the rep, they don't exist without Romad. They have EVERYTHING to do with the product and service YTR provide. You better have a read of the FSG you were provided when you signed up....

 

[FxTrader]

Romad are responsible for the service YTR provide. YTR are just the rep, they don't exist without Romad. They have EVERYTHING to do with the product and service YTR provide. You better have a read of the FSG you were provided when you signed up....

Let's try a different track here away from the fixation on Romad that leads us nowhere and tells us nothing about YTR itself other than it's an authorised rep of Romad. Suffice it to say that until a few days ago Romad's FSL was not an issue and I doubt that it will be one in the future.

So then...

What has your experience been with YTR?
Did you take advantage of their free trail period in the trading room?
What impressions do you have of YTR programs from reading the material on their site?
Have you spoken with any members and asked for their feedback?
What other FX education providers have you compared YTR with and what is your standard for comparison?

If you can answer such questions then just maybe your engaging in legitimate enquiry about YTR itself and not something less honourable.

 

[TeleSonic]

Let's try a different track here away from the fixation on Romad that leads us nowhere and tells us nothing about YTR itself other than it's an authorised rep of Romad. Suffice it to say that until a few days ago Romad's FSL was not an issue and I doubt that it will be one in the future.

FxTrader - You are fixated with the promotion of YTR, I am fixated with the legal framework within which YTR operate. You have your agenda and I have mine, I don't see why both our comments can't exist on the same thread?

Potential clients are best served by having having as much information at their disposable as possible when making decisions involving large sums of money. I don't have the inside information you do in terms of what is going on at Romad, so I am not in a position to make statements regarding their future.

My closing comments on this matter will be to encourage anyone considering spending money with any of these vendors is to take your time, don't get caught up in the hype, and make an informed decision. Always make payment to, and receive a tax invoice from the licensee. Don't give money directly to a representative, read the FSG before signing anything, and keep copies of all marketing material that was used to influence your decision.

 

[FxTrader]

FxTrader - You are fixated with the promotion of YTR, I am fixated with the legal framework within which YTR operate. You have your agenda and I have mine, I don't see why both our comments can't exist on the same thread

Wrong again. I am NOT a promoter of YTR and have no agenda per se other than to dispel some of the misinformation presented here about them and share my experience as a member. That's it, I could care less if anyone here joins them and gain no benefit if they do.

Your refusal to answer any of the questions put to you here clearly indicates to me that your due dilligence included little if any investigation of YTR itself, its programs or educational material, so you're seemingly not following your own advice here. The "legal framework" you refer to is nothing sinister or unusual in spite of your efforts to suggest the contrary. Just more non-substantive innuendo here.

 

[FxTrader]

Romad are responsible for the service YTR provide. YTR are just the rep, they don't exist without Romad. They have EVERYTHING to do with the product and service YTR provide.

I have investigated this matter further to address the scaremongering over this issue. Romad's FSL is under a temporary suspension due to another client of theirs, not YTR. YTR exists just fine without Romad, however they are not permitted to sell their Platinum membership in Australia unless they switch licensees (under consideration) or wait until Romad's license is restored (expected soon). Whichever the case, YTR's business is sound and this hiccup (no fault of theirs) is of no concern, as I suspected from the start.

 

[Ruby]

............ The big lie is that reading up on babypips.com, buying a few books and ease dropping on some free trading room will see many following this path succeed at forex trading ...........

it's "eavesdropping"

 

[Plumber1]

YTR exists just fine without Romad,.

This statement above is completely and totally untrue.
Romad is the responsible entity for each and every product and service that YTR provides to each and every YTR customer.
YTR is not legally able to provide any service or product if Romad is suspended.

Also, I have heard that Romads suspension may be longer than just a temporary suspension

 

[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.

I am still waiting for someone from YTR to answer the above questions.

The fact that they are not answering rings 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?

 

[Ruby]

I am still waiting for someone from YTR to answer the above questions.

The fact that they are not answering rings 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?

Quite right Plumber1. I have asked YTR similar questions when they have been badgering me to buy their product, and it is at that point that all communication is immediately severed.

 

[FxTrader]

This statement above is completely and totally untrue. Romad is the responsible entity for each and every product and service that YTR provides to each and every YTR customer. YTR is not legally able to provide any service or product if Romad is suspended.

Being misinformed and speaking nonsense about how Romad's FSL suspension impacts "every YTR customer" you imagine you know what is "true" when you are actually speaking from a position of ignorance. The suspension only impacts sales to new customers in Australia and is TEMPORARY.

YTR "existence" is unaffected by Romad's suspension. YTR is primarily U.S. based these days and their sales efforts are international. Australia's importance to their business model has diminished substantially and the Romad issue is nothing but a temporary inconvenience for them.

As I have already said, the Romad suspension impacts the sale of the Platinum membership in Australia only. It does not impact the sale of the GPT program membership (U.S. based) or sales of products internationally (their primary focus). Once again for the sake of those fixated on Romad, focus your attention on the quality of YTRs product and service offerings and not on what AFSL licensee company they are an authorised rep for. Speaking with Australian management, they will either stay with Romad or switch to another licensee (under review). Romad is not YTR (please get the obvious implications of this fact into your heads) and Romad's suspension is NOT DUE TO YTR ACTIVITIES, PRODUCTS OR SERVICES as an authorised rep and client of Romad.

This whole Romad issue is a storm in a teacup and has been blown totally out of proportion by those whose only agenda here is to bag YTR here for any possible reason they can conjure up.

 

[FxTrader]

I am still waiting for someone from YTR to answer the above questions.

Since yours are not genuine questions (and generally poor ones I might add) but a fishing expedition in hope of confirming your own preconceived suspicions and biased conclusions about YTR, I will not waste time answering them since it's not a genuine enquiry on your part. I will say this however for the benefit of others here, your whole line of questioning can be condensed and rephrased to one useful question...

Do YTR mods trade YTR defined strategies and deliver high profitability that's verified. Answer: YES

If someone here has a genuine interest in YTR's trading room performance and YTR in general then PM me and I will supply historical results and my own experiences with them as a member.

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

Statements like this not only expose your blatant anti-YTR bias, contempt for YTR members and proud ignorance about the GPT program but your inability to understand the point of having a trading room staffed by professional traders who primarily trade for a living. There are many experienced traders (not just newbies) in the GPT program for good reasons that you don't currently comprehend.

 

[stocksrus1000]

Kodari Securities also called Kosec is under ROMAD financial services. Does anyone have any dealings with them?

 

[Ruby]

Since yours are not genuine questions (and generally poor ones I might add) but a fishing expedition in hope of confirming your own preconceived suspicions and biased conclusions about YTR, I will not waste time answering them since it's not a genuine enquiry on your part. I will say this however for the benefit of others here, your whole line of questioning can be condensed and rephrased to one useful question....

On the contrary, FxTrader, these are not only genuine but also critical questions; questions any prospective client doing due diligence should ask, and has a right to ask; and which a company, in the interests of openness and transparacy, should be happy to answer. Anyone considering spending money with an educational company has the right to know if the results claimed are verifiable. There is nothing unusual or untoward about that. It is a responsible way of doing business.

Do YTR mods trade YTR defined strategies and deliver high profitability that's verified. Answer: YES

No, the strategies and profitability are not verified. This is the whole point. YTR refuses to verify its claims of profitability.

If someone here has a genuine interest in YTR's trading room performance and YTR in general then PM me and I will supply historical results and my own experiences with them as a member.



Statements like this not only expose your blatant anti-YTR bias, contempt for YTR members and proud ignorance about the GPT program but your inability to understand the point of having a trading room staffed by professional traders who primarily trade for a living. There are many experienced traders (not just newbies) in the GPT program for good reasons that you don't currently comprehend.

You are clearly a very angry person, and because you can't answer the very reasonable questions being asked about YTR, you adopt the fall-back position of the defeated, which is to attack the questioner.

 

[FxTrader]

On the contrary, FxTrader, these are not only genuine but also critical questions; questions any prospective client doing due diligence should ask, and has a right to ask; and which a company, in the interests of openness and transparacy, should be happy to answer. Anyone considering spending money with an educational company has the right to know if the results claimed are verifiable. There is nothing unusual or untoward about that. It is a responsible way of doing business.

The proper focus of any forex education program is to assist one to become a profitable, independent forex trader, not a dependent trading room addict who can only take trades placed by others. With YTR you can trade profitably from the room calls but the best approach is to use the trading room as a coaching experience while you can do so free of charge. Otherwise you will pay for the ongoing room access which some do.

YTR's trading rooms (just one part of what's on offer at YTR) should not be thought of as pip generating machines for robotic traders and evaluated as such, as you and plumber would like to do here, that's not their primary focus. Hence yours and plumber's myopic, inappropriate and obsessive focus on pip gains and if the mods are trading their own accounts in the rooms as the only litmus test for joining YTR. Nevertheless, the room results are impressive.

The YTR programs are educational and tutorial in nature with well-defined strategies and a large library of topical training sessions on forex trading concepts and techniques used by professional traders. I have posted room results before and am happy to share them with anyone here other than those whose primary agenda is to trash YTR with innuendo, false claims and other attempts at smearing their reputation with tactics such as the useless guilt by association play with Romad here.

No, the strategies and profitability are not verified. This is the whole point. YTR refuses to verify its claims of profitability.

You keep repeating this claim as fact, instead it's misinformed fiction. How many times must I explain to you that trading room performance is audited. Stats are available, but you won't accept them as accurate so why should I bother to post them? Your irrational anti-YTR bias is so strong that it dominates your every utterance here. You have made up your mind and that's it, just a brick wall mentality.

You are clearly a very angry person, and because you can't answer the very reasonable questions being asked about YTR, you adopt the fall-back position of the defeated, which is to attack the questioner.

Not so much angry as frustrated by the B.S. you and plumber are posting here. I can easily answer any of the weak and off the mark questions put to me here thus far but I just can't be bothered with posting more fodder for you anti-YTR types to just mindlessly attack with any spurious counter claim. If I deemed the questions put to me as genuine enquiry I would be happy to answer them, however your agenda is just to smear YTR and I will not indulge that agenda.

 

[aarbee]

I attended the YTR live trading sessions for a month to try them out over a year back. It was quite a learning experience. I don't really understand the fixation in this thread about the presenters' personal trading results. The trades were called in real time so the performance could very easily be checked in a particular session. For me personally, working out the profit/loss and the efficiency of the system followed in the trading room that way is quite satisfactory. The moderators talked about their methodology in general and the particular reasons for calling the trades as they were unfolding. I think it was invaluable for learning. Too many people approach this kind of trading with a mindset of making a quick million. Nothing could be farther from the truth. There is a lot of hard work required in learning to trading intraday forex. I attended some of the online webinars presented by the mods and found them to be high quality.

I decided not to follow it up only because (being in a full time day job) staying awake late at night does not suit me. However, if my circumstances change and I want to take up Forex trading (on intraday basis), I would turn to YTR without hesitation. I personally know some very experienced traders who are in their GPT program and very satisfied with their learning journey.

Cheers

 

[FxTrader]

I attended the YTR live trading sessions for a month to try them out over a year back. It was quite a learning experience. I don't really understand the fixation in this thread about the presenters' personal trading results. The trades were called in real time so the performance could very easily be checked in a particular session. For me personally, working out the profit/loss and the efficiency of the system followed in the trading room that way is quite satisfactory. The moderators talked about their methodology in general and the particular reasons for calling the trades as they were unfolding. I think it was invaluable for learning. Too many people approach this kind of trading with a mindset of making a quick million. Nothing could be farther from the truth. There is a lot of hard work required in learning to trading intraday forex. I attended some of the online webinars presented by the mods and found them to be high quality.

I decided not to follow it up only because (being in a full time day job) staying awake late at night does not suit me. However, if my circumstances change and I want to take up Forex trading (on intraday basis), I would turn to YTR without hesitation. I personally know some very experienced traders who are in their GPT program and very satisfied with their learning journey.

Cheers

How refreshing to see someone come in here with a considered and thoughtful post about their experience with YTR even though not a current member. Some positive feedback to counter the pointless fixation with the trading results of the mods at YTR (as I have noted previously as well) by some intent on just creating useless uninformed conjecture here. Thanks for sharing this.

 

[nulla nulla]

How refreshing to see someone come in here with a considered and thoughtful post about their experience with YTR even though not a current member. Some positive feedback to counter the pointless fixation with the trading results of the mods at YTR (as I have noted previously as well) by some intent on just creating useless uninformed conjecture here. Thanks for sharing this.

Team work is essential in getting the message across. Keep up the good work.

 

[FxTrader]

Team work is essential in getting the message across. Keep up the good work.

The only team work here is the tag team of Ruby and Plumber who feed off each others uninformed conjecture and anti-YTR rhetoric. Any other "messages" are a figment of your imagination, as if we are collaborating - what a pathetic joke. Clearly you have not been following this thread closely or you not be inclined to make such an asinine statement.

 

[Wysiwyg]

Keep up the good work.

Really nulla if you don't want to be a disciple then there is no need to infuriate the converted.