Online Trading Education – Benefits of Doing Trading Education with a Company That Has Been Established in the Market for Some Time

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Finding a good, live trading mentoring company is all about checking their past results, customer feedback and overall status.  It’s important to make sure you can adopt to their trading program and techniques as well as trading hours. It may be difficult in the beginning but that’s the way it is with good quality services that will make you money in the process and you will learn many good things and tips to use in your own trading.

It shows reliability and professionalism.

Trading services with long track records and past performance can be assessed.

All you have to do is check their consistency, longest losing streak and overall profitability, I have to stress however that consistency and longest losing streak are the most important things, more important than overall return figures, and long established companies have these data available for anyone to see.

Long established trading educators are well financed, can afford to hire expert moderators, market researchers and are here to stay! But above all, they deliver results, they make a difference in a trader’s bottom line, even if someone attends their service for a limited time they will still benefit big.  On the contrary there’s other amateur run services that were established just few years ago, by some losing trader, all they are after is to pick new traders pockets by selling them utter rubbish and useless techniques and maybe little content.

Good trading education services have been around for more than 7 years and have mentors with career long trading experience, ones that have experienced many different, hard market conditions and know how to cope with them next time they occur.

The benefits are unparallel:

The benefits of a long established, serious trading education company cannot be matched by underfinanced, poorly run trading education services, bad services offering uncertain and very volatile trading results.

An example of a good trading service:

Traders International: Established in 1997, has a moderate profitability but is extremely consistent and stable, no nasty surprises and doesn’t depend on a single trader. This service under-promises but over-delivers with its unparalleled consistency and tight stops.

An example of a bad service:

Mohan’s Market Force: Established in 2002, has a very volatile profitability record, sometimes way too high and exciting and sometimes like throughout 2004 where it lost money all the time, yes I have been there and I lost my entire account. Their serious problem was stop loss orders, they were badly placed and too big in size, I remember a losing day’s trades on E-mini S&P 500 with losses mounting to 11 points for the day!

Uncertain, volatile results are not of any use in growing your account, small and consistent is better than high and volatile, in the end the high and volatile end up losing overall!  Stay away from amateurs, stay away from services who cannot afford 5 miss to answer questions because they cannot afford to hire a moderator and provide live feedback on your actions.

Paul Murphy is a passionate and successful trader.  Always in search of the best trading systems, and researching ways to help you be the best trader you can possibly be.  Discover how to improve your trading performance with articles and interviews at his blog: www dot trading powerhouse dot com

This entry was posted on January 7, 2010 at January 7, 2010 and is filed under Trading Education. You can follow any responses to this entry through the RSS 2.0 feed.