Hello everyone,
I'm a highly successful trader/fund manager from Iran. and in this post I want to share some useful info with you guys about the educational courses on trading. I'm going to explain how most educators scam the students out of their money without technically scamming them. so even if you are not looking for an educational course, I believe you should still read this post as it can give you a clear view of the education market in trading.
ok, lets get into it..
I have taken a lot of online trading courses in my time, and while I have learned at least one valuable lesson from each of them, a simple vetting of their teachings showed me that their methods were more often than not very flawed.
The worst ones would effectively destroy your account over the long haul and the good ones (and I’m using the term “good” loosely here) could only make your account a profitable account if you were trading with an EA and over a period longer than 5 years!
There is a significant amount of hidden truths in the world of trading education.
Most educators out there aren’t necessary lying when they tell you that their trading strategy works!
but your definition of what “works”, often times significantly differs from what they mean by the word “works”.
to any new-comer to trading, a trading system/strategy that “Works” is a trading system/strategy that can be used in a specific time frame, and deliver positive gain with limited risk.
so for example, they usually expect to open any number of trading positions in a given period, lets say a month, and at the end of the month, close that basket of trades and overall, turn a profit.
that’s what you want to be doing as a trader, isn’t it? make money instead of losing it?
but what most educators don’t tell you is that when they say a strategy works, it almost always means that it has showed a positive gain when they have put the strategy through back-testing.
now what is backtesting? here is the definition from investopedia:
Backtesting is the general method for seeing how well a strategy or model would have done ex-post
Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward
You get the idea.. it basically means that they use computers to see that if someone had been trading with this strategy since years ago till today, would that trading account be in profit today? and if the answer is yes, then they will count that strategy as something that works.
Now this is where the waters start to get a bit murky!
Backtesting is a process that you define the parameters of it yourself. while there often is a consensus over what those parameters should be set to in order to create legitimate and trustworthy results, often times, educators deliberately back-test a strategy in a way to mask its inefficiencies. so for example, lets say you have a strategy that requires you to hold trading positions for a months at a time…. you back-test it properly and you will see that it wont work if used in the market due to the swap rates or other fees that will destroy your supposed gains from the trades themselves.. now how can you make that useless strategy a working one? ignore those fees in your back-testing. that doesn’t quite cut it? hell with it, lets average the spread around to make it work.
now you might ask yourself, “why would anyone even bother mess with their own backtesting?” and the answer is simple, because if they can get a back-testing that is showing proper results, no matter how faulty that backtesting process is, it still gives them legal grounds to claim they haven’t committed fraud when saying their strategy “works”, it would be just a matter of an error in calculations that could happen to anyone!
Also, a lot of times, they don’t even need to manipulate the data that much. they can pick one of the strategies that shows positive gains when back-testing, and market it as something that its not.
So lets say you have back-tested a strategy over 8 years of data and you have jumped through all the hoops and have made sure your strategy is sound and can be still deployed going forward.
now what most educators do is that they hide the pieces of truth that they deem are irrelevant to the topic. because after all, they just said that the trading strategy works, which is technically true. but what they chose not to tell you is that the fact that a trading strategy can show profits in backtesting, is not enough for it to be a useful method for retail traders.
why? because for that strategy to show a positive gain, it had to be used on every trading opportunity on the chart (based on the strategy’s rules) so at the end of the test, the combined result of all those trading positions can generate a profit.
that means, that if you take that strategy and use it in a shorter time-period, and miss a couple of trading opportunities here and there, you are no longer on the same path as that back-testing, you are in a whole new territory and chances are you won’t be able to generate profits or the profits generated could be significantly less than what you had imagined.
This is what most educators hide from you, because their livelihood depends on you not knowing how they are manipulating the truth.
They are not all fraudsters, but almost all of them are half-truthers!
And the saddest part of all this is that they often manage to charge people significant amounts of money in order to teach them something that won’t help them in their trading. so they take a strategy and package it in some nice flare and market it as a “quick-fix” for anyone desperate enough to pay for it, and they pocket the money while you end up losing yours to the market.
often times, they encourage students to stay the hell away from lower time frames charts and stick to trading 8 hour or daily charts. the reason for that is that using higher time frame charts, makes the “realization process” a lot longer.
so it will actually take the students months or often years before they figure out that the method they have paid a lot of money for, doesn’t work.
And the even sadder part is that by this time, the educator often chalks up the whole thing to the market “evolving” which has rendered the strategy useless now.
So you end up back on the first square, scammed out of your hard earned money while achieving nothing in the process and god forbid, incurring more losses in the process.
I’m a highly successful day trader.
Last year, I broke the record of Michael Burry (the guy shoring the US housing market in 2008) by achieving 783% of profit in 11 days of trading, with a drawdown of only 11.51% [*]
I did that live, in front of my followers in my telegram channel. manually entering and exiting 806 trading positions during that 11 day period. managing to turn $2500 into $17000.
And if you want to see my performance during the last 3 years of running my telegram channel, you can visit it and check it out by scrolling to the old posts. (link is in my website)
if I wanted to scam people out of their money, I could have easily create a course and attach that trade explorer to it and make a boatload of money off of it. but I didn’t.
you know why? because I knew there is not a quick-fix strategy for achieving that level of success in trading.
I was one of the few traders insisting on shorting Bitcoins on 20 Feb 2018, here is the analysis I had on it when the market was still showing an strong upward move!
https://www.tradingview.com/chart/BTCUSD/wlBJSNaQ-BTCUSD-Daily/
and here is my signal for going long again 3 months ago at 3500 price level!
https://www.tradingview.com/chart/BTCUSD/HGmZqbFO-Time-to-go-bullish-again-on-BTC/
I'm really good at my job and I have the evidence to back that claim up.
in order to become a profitable trader (and by profitable I mean a trader that wins more trades than he loses in any given time-period -wins>losses-) you need to first understand the market itself, and learn how it functions and then learn how to distinguish between a high-probability trading opportunity and a low probability one, so you can effectively become profitable in your trading, and from there, its only a matter of calibrating your entries better to increase your profitability beyond what those so-called educators tell you is impossible.
After about 2 years of people sending me messages asking me to teach them how to trade, I’ve very recently decided to run my own Mentorship Program.
I believe its the best course out there, Because unlike all the other trading educators out there, I don’t like doing my education on old charts that have already played out and everyone can see where the price has moved to.
Most educators offer a course that explains everything on an old chart and when it comes to live trading in real time, all they do is basically giving two sided advice and no real direction or a tangible process of assessing the market conditions in real time for making trading decisions.
but I like to do most of my teaching live in real time in a more hands on approach so my students can watch their mentor implement the method live in real time and learn to do it themselves on their own.
The registration is limited to 100 students because the mentorship program includes a private 1-1 session with each and every student so I can personally guide them in their education process and help them in absorbing the information of the course as well as its implementation live in real time in the market.
I don’t offer a quick-fix strategy to fix all your trading problems, what I do offer is a chance to have a professional trader guide you on your trading journey and help you get to a place where you can assess the market conditions and make trading decisions all on your own based on sound logic and nothing else.
The program is 3 months long and costs only $499.
During the 3 months of the program you will also get 3 months of free access to my trading floor which normally costs $99 per month on top of the course.
That makes the price of the program itself about $200!
The course is honestly very heavily undervalued.
I personally spent about $2K on my education in the first year for a mentorship program that lasted only 2 months and was overall 8 classes lasting 3 hours each and it only covered basics plus some pattern trading!
and over the years I have spent over $10K on various trading books and courses online and have absorbed all that information and have put the best parts of each of those courses together to create my own method and now I’m giving all of the best parts bundled up together for an affordable fee!
Most traders lose a lot of money with trial and error of methods that doesn’t work, so if you are one of them or don’t want to become one, now is your chance to have someone who is already making money from the market teach you how its done.
I personally have spent way more money on courses that I only hoped might add 2% to my ROI, because even if it thought me something that could add even a small percentage to my ROI, over the long haul it would pay for itself.
so think of the mentorship as an investment in your own future as a trader.
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