Traders International = SCAM ARTISTS

Can anyone recommend a good online company where you can learn about forex trading? I listened to TI webinar, can't say I trust them all that much, would prefer to do my own learning and then make a start. I would also prefer to do my own trades in future, does anyone know of a good platform? Thanks

Jack, How long ago did you join as the price is more than $7k and Andrew no longer works at TI?

Peetie, please don't take this as a personal attack, as absolutely none is intended. This also isn't in any way offering a comment on TI. This is just a question I have in any thread to any poster. Are you willing to post some statements showing the results you are speaking of? Do you know of any other traders, the ones you spoke of, who would be willing to come here and post their statements? This would go a long, long ways to adding useful information to this topic. Again, I am not attacking you or TI (in fact, I know nothing about TI, and have no opinion one way or the other), I'm just asking if you are willing to show us what you are talking about, for informational purposes.

Hey everyone, I'm finally uploading the video that I took of TI back in March 12th, 2010, unfortunately something is wrong with my computer and wouldn't record the sound, but I remember their excuse being "Oh we got hit with good news from China," it was classic TI B.S. for "I F*cked up and your going to pay for it". By the way, they trade more than just the eur.usd. I just put my charts there to show you where we were headed. These guys have no concept of trendlines, stochastics, or divergence.

http://www.mediafire.com/file/t2qmm1duzio/TI1.avi

At the time, the eur.usd was in a upward channel within a bigger downward channel. It didnt break up and out of the bigger downward channel, but we did move to the top of the upward channel within that downward channel (read it again if it confused you). TI however kept shorting the forex and kept getting stopped out. 9 stop outs and 3 profits in 2 days(scroll to 1:24:30 in the video to see it.

Where they should have started shorting was at the top of that upward channel (1 hour and 21 minutes in the video to see the big picture). The probability of all of their shorts working would have increased dramatically if they had shorted at the top of that channel, because the daily stochastics where overbought and there was the 20 period moving average coupled with the upward channel making for resistance. In other words, they should have been going long up to that point on the daily chart. Also, they should have recognized how strong the upward movement was and taken long trades rather than short trades. Then again, if they knew how to trade, they wouldn't be working for Traders International in SIM.

I have completely pulled out of my long positions and stopped trading the ES and forex since then and am purely day trading. I make at least 1% profit on my cash every day on average. A lot better than holding and hoping in this crazy market. I've been killing LVS this past week with shorts and I have not lost money on it yet. There have been days that I got out flat, but I never lost money for the day. You want to know the secret? I have developed patience to wait for the right setup. I'm not trying to brag (this is chump change compared to what some people make), I'm just stating this to tell you that if you have patience and wait for the right setup, you can make money too....and you won't get scammed by companies like Traders International.
Here are my 4 basic rules: (I use the 1 and 5 minute charts for my trades with more emphasis on the 1 minute chart)

1. I will never sell unless the stochastics are at or above 80 for overbought and I will never buy unless the stochastics are at or below 20 for oversold. I don't care if the stochastics are at 21, I wont take the trade long until the stochastics come down to at least 20 for oversold conditions.
2. The MACD has to look oversold or overbought.
3. I look for trend lines and support/resistance from previous days
4. The S&P500 chart has to be showing me a possible movement setting up in the direction I want to take my trade or else I just wont trade.

I don't have money to waste and I don't have a huge account like other people so that I can take every trade I see (stinking bills are eating up all my profits right now). I can only take the trades that show me the highest probability of making profits. By the way, I usually look for 10-30 cent moves.

For the person asking for help on Forex (I don't know your level of experience so don't bust my balls): The best way to learn is to trade. If you have a trading account already, put it in SIM and just take the trades you see. If you don't have an account, then go and search for "sim forex". Stop looking for someone to teach you how to trade (or you will get another TI); you need to instead be searching for how to read the basic chart setups like the ones I have mentioned above. You need to keep it simple, because trading the forex is like trading stocks. The setups are the same and the patterns are the same. Now if you dont know how to trade at all, then go to youtube and type "daytraderrockstar". You will learn the basics when you watch his videos. They pertain to stocks, but the concept is the exact same thing.

Good Luck everyone