| Always go with an educator, trading mentor or live | | | | substantially better than you would if you traded on |
| trading service with moderators that publish their | | | | your own, after all there's no point paying for a |
| results on a daily basis. This is crucial in order to make | | | | service that can't deliver better results than you can. |
| sure you can check their profitability, consistency and | | | | What publishing their results on a daily basis tells you |
| longest losing streak in real market conditions, at the | | | | about their trading service? |
| same time as you follow these markets. Watch this | | | | It simply tells you that they are confident in their |
| data carefully for over a month! | | | | trading methodology and techniques and are not |
| Looking for a trading mentor, an educator? | | | | hiding anything, these are normally the kind of |
| Remember to review the following information: | | | | services that do deliver actual positive results and can |
| 1) Run an imaginary trading scenario using the daily | | | | help you grow your trading account while learning, |
| results of one month. | | | | therefore they are worth paying for. |
| 2) Use a fixed imaginary account size and trade the | | | | Dishonest trading education services usually don't |
| same contract size throughout. | | | | answer difficult questions, they will avoid, for |
| 3) Everyday add the supposed profit or loss you | | | | example a question asking about their longest losing |
| made using these results. | | | | streak, and use misleading sales tactics that cannot |
| 4) Take into account the margin required by a broker | | | | really fool experienced traders. And what's more they |
| for opening a position. | | | | may even intentionally delay publishing their daily |
| After evaluating the results you will have a clear view | | | | trading results hoping you will just take a look at |
| of the 3 factors: | | | | them weeks after you have forgotten that very |
| 1) Overall monthly profitability. | | | | day's market trading action. For example they |
| 2) Longest losing streak. | | | | wouldn't want you to know that on a day where the |
| 3) Consistency of winning trades. | | | | SP500 moved 20 points straight up they only |
| It is important to have this data available. | | | | managed to make 2 points of profit on the |
| And the only way to perform this test is to go with | | | | underlying E-mini contract, when you could have |
| a company that publishes their results on a daily basis. | | | | made at least 8 trading on your own. So it's |
| Don't bother with companies and trading services of | | | | important to watch out for these tactics and these |
| any kind that delay publishing their results (you will | | | | will help you tell a decent, honest trading advisory |
| need to give them a few days for administration... | | | | service from an amateur, dishonest one that has a |
| but that is it). You also need to compare their trading | | | | questionable future. You want to learn from the best, |
| with your own trading skills on the daily market and | | | | the ones that can support you for as long as 2 or |
| see if they can really help you by performing | | | | more years. |