Quote from traderkay:
yup, thats the problem. if the guy's for real (able to/does trade for a living) $2500 is prolly an OK price, provided the course is "learnable". the problem is 90% of these guys are frauds who cant trade their way out of a paper bag.
well, I inquired about it because I have been watching him post trades profitably for some time now, although I do not have an audited list of past trades ....
He has created his own indicator, and emphatically insists that there is no such thing as a black box, but with his method you can learn to use this indicator combined with his strategy to become self sufficent within about 1 month. I also like that fact that he does not have unreal expectations when it comes to $$ that can be made......
this is a copy of the e-mail I received from him
I don`t have a fix charge, cause it depends how you want to be coached.
There are many different possibilities. The only thing every coaching has in
common, is that our goal is that you can trade 100% by yourself and
understand fully what you are doing. For me its very important that you are
100% willing to learn. I don't coach people who just want to try and see.
Trading is business. It can be lots of fun, but only if you identify
yourself with it.
I charge every trader $2500 once to start out. This shows me that he is
willing to learn and invest in learning how to trade sucessfully. It
includes one month of full coaching and a full introduction into my trading
system. Since you already know the contract sizes and margin you will
probably be able to trade by yourself after 1 month. I sign an agreement
with every trader, that the system will NOT be passed on or sold in any way.
In the first month we will find a trading style which is most comfortable to
you and you can decide on how you want to be coached in the future. We can
phone after a trading day or talk about trades on the IRC. I always let the
traders set the price what the coaching is worth after the first month,
cause they know that it`s part of sucessful trading to be coach once in
while and they all trade different sizes.