Today I am giving a review from personal experience on Traders International and their trading room (http://www.tradersinternational.com). This was my first entry into the seedy underground world of online trading rooms where almost the only people making money are the people selling the subscriptions.
I received an email one day to join them in a live video session. The founder Afshin Taghecian would be leading the review which I thought was pretty cool. He’s the owner so he must be a successful trader who can lead me to the promised land, right!?!?
First Impressions of Traders International
During the “live” session with Afshin he showed us how they trade at Traders International. It is all done using divergences based upon their “proprietary indicators.” Their proprietary indicators are the MACD and Stochastics with their own settings…..WOW, life changing! I put emphasis on the words live and proprietary because although he was trading live he was using a sim account.
He also stressed their proprietary indicators were the key to showing you the divergences in price which is what they teach so you can make it rain! I thought it was so cool because in a couple of months I would be basically printing money.
Even though he was only 50% on his trades he performed in front of us I thought he was so honest and transparent by showing me how he trades live. He must use his trading techniques to trade the market since it is so profitable, right?!?!? I’m sure he just has the trade room going on because he wants to help out other people and show them how to become rich like him, right?!?!? Never mind it is several thousand dollars to sign up and then a monthly fee on top of that to access their trading rooms.
The “Live” Trading Rooms
So after I paid them a couple grand to join I got setup through their trading rooms. At the time they used eSignal for their trading platform. They now use Ninja Trader.
The products they traded were the S&P Mini 500 (ES) and the Russell 2000 minis. Currently they brag about adding other products to trade so you can now lose your money even faster following their divergence signals. The course recommended a couple of weeks to practice their system, get your account funded, and to get familiar with eSignal. Then you should practice and back test so you are ready for live trading.
I did all of that and within two weeks I was ready to start making my millions! What could go wrong? You have a “professional” trader who calls out the entries ahead of time so I don’t even really have to pay attention if I don’t want to. Get in when he says and collect my money!
Then once you are making money in their basic room you can move to the advanced room where the trader calling the trades used different techniques that were used in the basic class. Makes perfect sense, right?
So what you would do all day is sit around looking for a setup and for the instructor to confirm it. At most you would have a couple of trades per day. It was especially awesome to get in on a trade that the instructor said was legit only for him to tell you it wasn’t in hindsight.
On top of that we one day had the instructor that led their Asia Pacific region join our class. Somehow he stays in and then starts telling us he is up 10+ points while we all exited with 1 point (I know I know, we surprisingly had a winner here and there) since we were following their “rules.” Just another example of how awesome their trading room is when you join for thousands of dollars!
In the trade room you would have people get pissed off and start complaining. The moderator would let them vent for a minute and then eventually kick them out. At first I wondered what their problem was but then I realized it was because they finally figured out Traders International is a horrible trading room that just took thousands of dollars from them.
TRADE LIVE BEFORE YOU JOIN A TRADING ROOM
This interrupts the flow of the article but if you are going to drop a couple of grand to join a trading room then just go live. You’ll probably bust your account either way but you’ll learn far more from the mistakes that you make than from following someones trades they call out.
Don’t let them convince you otherwise, they just want your money. Do you really want to be at the mercy of someone else who makes the calls for you? So instead of paying thousands of dollars to join a loser who only makes money selling subscriptions to their trading room, go live yourself and develop your own trading style.
No More Monthly Statements
They used to provide monthly updates and recorded each day’s trades. They do not anymore.
But it really doesn’t matter because I didn’t learn until after the fact the moderators traded on sim. They would call out if a trade was legit and what level you should have gotten in and exited. Miraculously every month was positive when they kept track.
Stay Away From Traders International
Traders International much like almost every other trading room preys on the uninitiated and beginners who have dreams of becoming rich through day trading. A great rule of thumb is the easier it is to get into an industry then the harder it is to make money. The harder it is to get into an industry then the easier it is to make money. Which one does day trading fall into?
Their new excuse is that they are educational company, so they provide an educational service. Much like universities and colleges, they give you the tools to succeed but they do not guarantee success. I am serious, I found that in a thread that you can read here: https://www.mypivots.com/board/topic/4560/12/traders-international-scam-artists. It was allegedly written by Afshin himself.
Traders International is a huge rip-off. That is all you need to know. They make their money by charging outrageous sign-up fees as well as monthly subscriptions. The moderators while I was there did not trade live, they all traded sim.
Reviews of Traders International
But don’t just take my word for how horrible they are. Check out some other reviews I found.
Since they like to brag how they have been in business for over 10 years then I am sure they have plenty of students telling everyone how awesome they are and how they became millionaires from Traders International!
Also take note of one very important piece of information. When you read the reviews notice the people who come to the defense of Traders International mostly have less than 10 posts. In one thread they get busted for 4 different people who came to the defense of TI having the same IP address.
- https://futures.io/trading-reviews-vendors/506-traders-international-8.html – Not too good of review there, let’s see if this was a mistake from a bad apple
- https://www.mypivots.com/board/topic/4560/12/traders-international-scam-artists – Afshin appears to defend his site’s prestige! Hilarity ensues
- https://www.mypivots.com/board/topic/4560/12/traders-international-scam-artists – A couple of white knights with less than 5 posts miraculously appear to defend TI’s honor
- http://investimonials.com/Websites/reviews-traders-international.aspx – Even the reviews on Investimonials (another shady site) are bad
- https://www.ripoffreport.com/reports/traders-international/stafford-texas-77477/traders-international-misrepresentation-of-facts-and-claims-fradulent-receipt-of-funds-a-542367 – Uh oh, you never want your company to be on the Rip Off Report
- https://www.yelp.com/biz/traders-international-stafford-2 – Even the reviewer on Yelp wasn’t satisfied
- https://www.elitetrader.com/et/threads/traders-international.142089/page-2 – Some more people who are not satisfied
- https://traders-international.pissedconsumer.com/review.html – More unhappy campers……WHERE ARE ALL OF THE MILLIONAIRES?????????
Popular Links
Here are a couple of links if you are looking at how I view the market and with my trade setups as well as products I like and use.
- How to become a profitable trader using meditation
- How to scan for winning stocks
- The Ultimate Guide for the Best Day Trading Books in 2019
- How to Improve Your Meditation with the Brain Evolution System
- Review: Stikky Stock Charts – An Excellent Trading Book That is Interactive
Robinhood Trading Broker Review
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My Robinhood Review: https://evancarthey.com/review-robinhood-trading-service-with-no-fees-part-1/
