Traders - Millions by the minute

Yeah I signed up for fun. Maybe I'll see you there haha.

I've been to one of the initial seminar things before - the free ones are *usually* just a guy trying to get you all excited by discussing money a lot but, based on this program, this company seems more professional.
 
A hell of a lot of publicity for free for Amplify. Gotta seriously wonder who in the BBC they are in bed with.

But aside from that, trading isn't a job I could ever do. I work on the risk side of markets so know a fair few of these nutters. You need to very specific, well controlled personality with a sharp mind.. not even something you need an education to do well with tbh.
 
zegna said:
A hell of a lot of publicity for free for Amplify. Gotta seriously wonder who in the BBC they are in bed with.

But aside from that, trading isn't a job I could ever do. I work on the risk side of markets so know a fair few of these nutters. You need to very specific, well controlled personality with a sharp mind.. not even something you need an education to do well with tbh.
Click to expand...

Maybe they are the only ones who let the bbc film them at work ?
 
in fact its pretty poor journalism, slightly unethical to not follow up on those guys - I mean they've had several months since filming, Bernanke isn't running the Fed anymore - not since February... They've shown a fairly rosy picture of a room full of seemingly complete chumps who've presumably all paid a reasonable sum of money to a firm I'd be rather skeptical about. They've now had several months since filming - what happened to the members of that group?
 
dowie said:
in fact its pretty poor journalism, slightly unethical to not follow up on those guys - I mean they've had several months since filming, Bernanke isn't running the Fed anymore - not since February... They've shown a fairly rosy picture of a room full of seemingly complete chumps who've presumably all paid a reasonable sum of money to a firm I'd be rather skeptical about. They've now had several months since filming - what happened to the members of that group?
Click to expand...

Pay to train is just a scam, you can do most of that for free on simulators.
 
Interesting programme. Got me thinking about automated trading systems now. Next episode on next Monday.
 
matdom said:
Pay to train is just a scam, you can do most of that for free on simulators.
Click to expand...

I don't necessarily disagree, I just didn't specifically call it that.

I'm a bit dissapointed that the BBC has basically given them free publicity/advertising.
 
Interesting documentary, my job is to sell software to these guys so it's always interesting to see more about what they do.

There's so much information about trading FX and technical analysis for free if you look around. They are just spotting patterns and taking very short term position to get out with some profit.
 
matdom said:
If the trainers were that good why are they not billionaires? infact didn't one get sacked for being rubbish.
Click to expand...

It doesn't necessarily follow that if you were good as an intraday trader then you'd be a billionaire... some edges have size/capacity constraints. However the question you should be asking is if they were any good then why do they require their trainee traders to pay for the training?
 
High Frequency trading is the way to go.

It will become ever more difficult for these guys to consistently make money as the machines become more prevalent.
 
diamount said:
The stress these guys are under looks immense, nice paypacket at the end of it though.
Click to expand...

Unlikely really, vast majority of them will likely fail, the company will likely have many many more intakes of people paying for training yet their office space likely won't need to increase...
 
dowie said:
Unlikely really, vast majority of them will likely fail, the company will likely have many many more intakes of people paying for training yet their office space likely won't need to increase...
Click to expand...

But the monies paid by the trainees will cover part of their day-to-day running costs of the firm.

It's a good way of adding a bit of security, but not exactly great for their reputation. I imagine their attrition rate of people that go full time must be over 80%.
 
toshj said:
But the monies paid by the trainees will cover part of their day-to-day running costs of the firm.

It's a good way of adding a bit of security, but not exactly great for their reputation. I imagine their attrition rate of people that go full time must be over 80%.
Click to expand...

None of them will ever go 'full time'. The company is a sham, if it were any good they wouldn't need a second income source from training people. Professionals don't trade news events, it's a reactionary trade where people are caught up in emotions, rarely does it change the bigger picture. The time to use these news events is getting long or short after the emotions push it well out of whack, not on the news itself.

I felt sorry for the ex criminal guy, well all of them really as I've been there and done that with shamsters. It takes years and years to get your head around how to do it and rarely will anyone taking money from you help you. People that know how to trade don't need or want your money. The best things in life are free really does hold true for this line of work.
 
Considering they were training an ex criminal who would never be allowed near anyone else's money they aren't looking for employees.
 
You must log in or register to reply here.
Back
Top Bottom