SchoolOfTrade.Com Trial Review
I came across SchoolOfTrade.Com when I was looking for trading videos for Trading Videos. After watching a few vidoes I visited their website and signed up for a 3 week free trial.
The benefit of a free trail is that it allows you to see what you would be getting if you were to fork out for any of the trading courses that are on offer. These range from $49 for the beginner course and more for the intermediate and advance courses.
Having had a look at the free videos on TVO I had a pretty good idea what to expect when signing up for a free trail. The point of the free trial is to get access to the chatroom. This is not you ordinary basic msn/skype style chat room. This is a full on webinar style broadcast with full sound and full visuals.
Signing up for thr trial and the chatroom is quite straight forward. If you find it difficult, trading might not be for you as it will only get more tough from here on in :-) . The chatroom is on line from 12:30pm UK time every day of the trading week and the host of the chat room and schooloftrade is usually broacasting for about 5hrs give or take.
If you join the chatroom at the start you will see James start setting up his chart for the day a head.You will hear him speak and in all fairness to him you probably won’t hear him stop until you log off. He constantly gives you a desciption of what he is doing and is going to do and more importantly why he is doing it.
SchoolOfTrade.Com trades various markets using, multiple time frames, support resistance lines, momentum, time of sales and volume size. They use all these things to create a strict set of rules on when to get in and when to get out of a trade. In all honesty we are talking scalping here. You probably could not trade this sort of system on spreadbetting platforms. Once the US markets open the trades often come thick and fast. And in reality the likely hood of trading any trades during the free trial is small. You will need to watch every day and then probably sign up to the membership or courses and learn as much as you can. Although James does give away pretty much most of the information about his trading set up for free anyway.
He is also very happy to answer any questions you may have and if very clear in his answers. The whole set up of the webinars are as good as you can hope for and I think you get a lot of information for free. It also makes a nice change to hear someone else talking about trading whilst working from home. He seems very professional in his trading as he is in his website/webinar set up which is always a good sign.
There is no doubt the free trial is worth a bit of your time in my opinion. If anything it will inspire you to look at trading a different way. Although I think his entry method is at times a little complex I can not deny that he did make consistant profits (tick wise) at the end of most days. The trading style might be a little short term for my liking and as of yet I have not signed up to the membership but I think for a free trial you can get a lot of useful information out of it.
Because of the the amount of information given out for free and the set up that delivers that informatioin GTS has awarded the SchoolOfTrade.Com Trial a GGGGG rating.
April 5th, 2010 at 7:59 pm
I agree, i learned more in his trial than i did with most of the other educators i had to pay!
i joined the community as a lifetime member and it was the best decision I ever made.
April 5th, 2010 at 8:42 pm
What is it you like about his trading system?
April 16th, 2010 at 5:53 pm
Why do I love this system?
simple…
- I make money every day with it
- THey are awesome to work with, they always help me
- I love the trade room
- They are always adding new patterns and new techniques
Did i mention that I make money every day? thats really the best part! Got to quit my job this past Holiday, best decision I ever made guys.
Advanced Course, wise investment.
April 16th, 2010 at 6:03 pm
ah I remember that feeling of realising you will be working for yourself from now on.
However, 6 years on it gets a little boring to be honest. But hope it goes well for you.
And to anyone who is keen on trying this system just make sure you demo demo demo.
April 20th, 2010 at 5:15 am
I agree with you Jason, im a member of the schooloftrade and the process of learning crude oil and gold is made a lot easier starting with a simulator.
I recall a few good suggestions JJ gave me on a call once, tips about moving from sim to live, and one tip that stands out was to use market replay to practice like a practice swing on a gold shot…
I thought the trial was amazing. I learned so much with them every day, I literally joined so I could keep getting the information every day, and the course was a bonus for me.
The trade room is great, and the specific attention has pretty well surpassed what I expected, so I would recommend it to a friend.
I’m retired, so my daily goals are relatively low, but earning consistently with this method has been exciting and an a wonderful experience.
tradertedddy@hushmail.com
May 21st, 2010 at 9:20 pm
Careful out there…a simple google of this system does not look so good.
May 22nd, 2010 at 9:27 am
Thanks for your comment. I too have seen that site that really shows a dislike for school of trade. Obviously had a bad experience. Two things to note. Firstly, my review was only done on the trial so I can’t really say what the real trading would be like. But I stand by the fact that it was a very thorough trial with they way it was set up. Secondly I have noticed that ’site’ seems to be hell bent on “proving” School of Trade is a scam…however there doesn’t seem to be many others who feel the same.
If you did a similar search for forex EAs, as an example, there would be hundreds telling you how bad it is. I’m not saying SofT is not at scam or that it is a scam. I think people will have to make up their own minds. But either way ou should be able to get a good idea from a trial. In fact if it is a scam then it is probably the only forex scam that gives you a free trial first.
June 4th, 2010 at 3:19 am
Im a recent member of schooloftrade.com and i have had nothing but good results.
My brother also learned this method and he too trades with us profitably each day, and our family is putting together our first managed fund this year, very excited.
It took me about 4 weeks to get making money each day, and I think that should be an important thing to remember.
I always reminded myself that this would take some time and effort to make it work, and it definately did.
I dont trade as a scalper with JJ, i follow the same patterns, but I use his slower timeframes.
My sweet-spot is a simple 2-step pattern using SOT’s ‘trigger tool’
Its actually pretty easy, he walks us through the entire process, I just dont see how anyone could NOT make this work if they simply come and ask questions and put some effort into it.
im not the smartest person in the world, and I make money with this system.
hope it helps guys.
edd
July 4th, 2010 at 8:17 pm
This is a absolute rip-off…ask Joseph James to show you his trade history at the end of the trading session in the room. He will not show you because he is not even trading on a live account. Instead he will show you his excel spreadsheet with his ‘ideal’ results. His trap technique is a con, it will not give you any better entry. What happens is as the price gets close to a potential Wave Setup or 2-step, Joseph James the scammer will enter regardless. If it turns out to be a false break-out, he will never move he Trade Management Chart onto the viewable webinar screen. If the trade continues to move, Joseph James the scammer is already in at an incredible price, and out with +3 ticks and break-even on the rest. If the trade continues, sure everyone is happy, but usually the market is ranging and choppy and you will get in 2-5 ticks worst than Joseph James the scammer and you will take a loss when it turns, whereas he will be out with a +3 scratch. Also he pays sentimental lip service to the ’single-contract’ trader, but if the majority of the time he is taking +3 scratch, his system just simply doesn’t work for beginning traders moving from a demo account to trading with single contract. This is not just merely a bad experience, there are many who have complained about similar on the internet. of course there maybe some who are blinded to this fact because they started on a day when there was a big move, but their time will come, that is if they are indeed not Joseph James the scammer or his entourage. BEWARE OF THIS SCAMMER, he will leech your dreams of trading for a living and make a living off you. Don’t buy that lifetime membership, you will buy a lifetime of regret. One more fact, Joseph James the LYING SCAMMEr said he was going to make an automated version of the system….well that was all we heard, and it was never produced, this is simply because, this system does not work long term, it only works when JJ can filter trades during the live webinars, using excuses. BEWARE, all these setups are not so special anyhow, sure if u are a newbie you will learn during the 3-week free trial, he will seem like a nice guy and all, but it is only a facade. U can get better strategies online for free.
July 5th, 2010 at 8:50 am
“U can get better strategies online for free”
excatly..hence this site:-)
But I would say once again remember my review was only of the trial not of live trading.
July 15th, 2010 at 12:11 am
Trader Tod,
Did you have a bad experience in his Live trading room. I am not a member or work for school of trade. You simply wrote about your opinion. You didn’t state any credible facts.
July 15th, 2010 at 10:49 am
“You simply wrote about your opinion”
which he has a right to do. Like I did. What credible facts are you looking for? Opinions are all we have.