short from uk session open, page-4

Hiya Deliriou5...

Mate I think it is one of those things, all depends on what you want/need/are willing to grab n learn...

I checked out three different "live trading" rooms over the last three months, YTR, Pristine and FXBootcamp.

I chose FXBootcamp, hard to say if they are "the best", as I also had familiarity with them thru trading the Non Farm Payrolls, a regular open to everyone live trading session with FXBootcamp's founder Wayne McDonnel, as well as being a regular watcher of the various couches session review vids on their youtube channel n FXStreet blog.

I subscribed to FXBootcamp almost four weeks ago, for a month, cos there was an uber awesome special anounced on the last NFP session giving a 50% discount of the normal monthly sub of USD 240 odd.

I am rapt that I did.

I will prolly cancel my sub after this first month n spend a bit of time digesting what I have learnt and I may go back some time afterwards.

basically tho, n why I checked out all those live trading rooms, is that i feel I am at stage three or woteva in the traders journey... that break even stage, or miniscule profit stage, with too many unforced errors costing me profits...

kinda being smacked hard with the realisation that TRADING is such a different thing from analysing and I need to get to that next level.

funnily enough during the week before I joined, I kept getting mails from differnt sources ALL mentioning the need for trading plans, discipline recording trades all that stuff, something I have been too haphazard about in the past.

My time at FXBootcamp has been mind bogglingly good.. their TA is not some ground breaking secret indicator stuff... concentration is on cosistancy, protecting capital andcontrlo of emotions and avoidance of unforced errors...

The coaches basically run a live commentaary on a bunch of pairs each session, answer questions, give a bit of practical advice and tell a lot of stories about their own trading stuff ups insights and specific methods.

I beleiv it was /is just what I needed n I think my trrading has already benefitted after such a short time.

BUT I have to state that the four odd years I've got under my belt watching markets n struggling to learn how to trade successfully as well as going hard on the T/A aspects... n being painfully aware that my discipline n planning, trade management risk management and understanding of capital preservation all needed work kinda put me in a VERY receptive place with a great background to dig what these people were saying.. so it might not be as good for all as it was/is for me...

But without a doubt.. these guys are into teaching people how to be indipendant traders.. I think that is good.

Oh and they have a pretty good Quant, one of the coaches, Curt Wurley... N you know I love quants :P

;)