Day Trading Courses Reviews: A Review Of Traders International

Traders International is a world-wide leader in day trading education. They operate as an elite club, after you purchase your membership they provide a well documentated, high probabiility trading system for the eminis futures market.

Members can get access to live trading rooms run by professional day traders. Their live signal results are truly impressive. Traders International logs the exact results of every single one of their trades in the performance area of their website. Members do not need to have a huge trading account to make excellent profits trading eminis. People interested in learning about day trading can watch online trading sessions live to see how the Traders International system works.

The eminis are futures contracts based on stock indices and commodities with incremental sizing so that they are easy to day trade. For every emini contract that you trade, you pay a fee to the merchant exchange.
You also need a real-time charting service like Esignal. One of the big advantages of trading eminis compared to forex is that you get access to volume data. As forex is an unregulated market there is no accurate volume. Many successful traders agree that volume is one of the most helpful datas to have when trading.

Traders International offers a simple high probability strategy that takes advantage of momentum changes in the market. They generally use very tight stop losses with very tight take profits. This is referred to as scalping and is done usually on the 1 minute chart and fast tick charts. By taking consistent bites out of the market each day you can really grow your account size.

Traders International recommends that you learn their strategy and then trade it on a demo account until you have 15 out of 20 profitable days. They estimate this takes about 5 or 6 weeks and then you can start to trade with your real account.

Their signal rooms can help turn you into a successful trader who only trades for a few hours a day and earns a full-time income. Join a live day trading session for free. Watch the  Traders International Day Trading Video

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Day Trading Reviews: Millenium Traders Review

Millenium Traders offers monthly access to four live trading signal rooms which boast impressive performance:

Stocks Trading Room  (+550,999$)
Futures Trading Room (+149,993$)
Forex Trading Room   (+480,300$)
Daily Swing Trades   (+288,810$)

(year to date results)

These four rooms are run by experienced traders who give real-time trading alerts so that you can trade your account based on their recommendations.

Millenium traders also offers a Daily Swing Trades service which provides 5 high quality stock picks per day. There is also one-on-one training available with the expert traders.

Membership access to the 4 rooms is 917.58$ per month or the discounted rate of 4,533$ per year. You can also get access to just one room for $249 per month. This is cheap when you compare to the performance results.

The website looks great and it is an amazing concept to be able to leverage the efforts of professional traders all the way to your bank account! This is a growing trend right now on the internet.

I have read some reviews at Forex Peace Army http://www.forexpeacearmy.com/public/review/www.millennium-traders.com and it appears that the way they create their performance results is not based on the final result in their trading account. In fact, they don’t call the exits, just the entrances. The reasoning is that different sized trades will utilize different money management. The part that is a bit misleading is that they are reporting financial results based on trading 5 lots and the best possible exit scenario.

To trade 5 lots with a 30 pip stop is a total risk of about 1500$, if you were risking 2% of your account per trade you would need an account size of $75,000 to be in line with their performance records. You would also need to be very confident in your exit strategy and money management as they are essentially just providing entries and updates.

All in all, trading “mechanically” with signals has it’s advantages over discretional trading. It can be a big confidence booster to have the support of a professional trader by your side. You can enjoy emotion-free trading and even if you achieve just half of their performance results in the first year that would be very profitable indeed.

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A Smarter Approach To Learn Day Trading

Let’s face it, if trading was easy then everyone would already be a millionaire! Just think about the plethora of day trading books, trading strategies and methodologies that have been released in the last decade. The fact of the matter is that trading is a very challenging endevour and you can not expect to learn it overnight or in a few weeks.

The last statement has a paradoxical element though. You can learn a day trading system in a few weeks. You can have clearly defined your rules including entries and exits. However, with most systems there are some discretional factors including support and resistance, fibonacci pivots, strong trendlines, etc. As your “trading detective” skills grow and you improve your trade selection, you can greatly improve your overall profitability.

One can learn day trading for a clearly defined trading system in a few weeks although it can take months to master patience, discipline, fear and greed.

As humans we tend to make emotional decisions and then justify them with logic. (All advertisers know this and profit from it). When you are a fearful trader you are hesitating to enter the market plus getting out too soon. As a greedy trader you are getting into the market without the ideal trade setup or going for too large a profit and losing on the retrace.

Recognizing these tendencies can help you to not fall victim to margin calls from “emotional trading”. You really have to be a master of discipline to be a successful trader. To be a master of discipline you need to have confidence in your trading plan.

Too many traders rush in and blow up a 10,000$ account within 6 months. Anyone can open up a demo account and play with practice money until they are confident in their strategy. You wouldn’t throw your money out the window so why hand it to your broker?

Even when you find a trading strategy with a high probability it may not work well every day or some months. Taking your time and practicing until you have full confidence can save you a lot of money and stress when you learn day trading.

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What Are The Best Day Trading Courses?

In recent years day trading has become extremely popular and there are hundreds of courses to choose from online. So, what are the best day trading courses? The best courses are the ones that include access to a live online trading room. Typically how this works is you will have a private login that allows you to see your teacher’s computer screen and hear his/her voice in real-time.

Each day during the hours the “trading room” is open you can view your teacher’s charts and in some cases be notified of trades as they happen. This way you can “get inside their head” to better understand the trading decisions that arise in a typical session. This is a powerful way to learn and most trading rooms will allow you to type in questions and receive answers while in-between trades. You can often take trades at the same time as your instructor although it is best to start practicing with a demo account.

It is one thing to learn a strategy or system and it is another to be able to make split second decisions as trading conditions change very rapidly. Mastering emotions is a big part of becoming a successful trader and the best day trading coaches have learned this skill. By watching them handle the challenges that arise in each moment, you can get a better feel for what it is like to handle your emotions effectively and build your confidence.

Many of the best day trading courses will provide a variety of media for you to study when you are not involved with the trading room including: articles, videos and pictures of charts to study. Another benefit is that you will get to learn from other people’s questions. As there will be students at all different levels asking questions you can gain a lot of insight as to what their challenges are and learn much faster.

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