The catch being is that you the trader have to place 2 times or more the bonus amount in trade volume i. They constantly encourage users to move brokers when the volume has been hit but in this case the Cypriot regulator cracked down on offering introductory bonuses they are now banned for companies operating under CYSec.

Foreign Exchange Charge

This forced their hand to move to a uk regulated company that offered intro bonuses. The trading methodology they teach is absolute rubbish, its ripped off from market reports, material that is freely available on the internet. They are only interested in you placing a high volume of trades.

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They will promote tight risk so you place multiple trades to fulfil the criteria for them to get the introductory bonus before you lose all of your money. If you make money great As a trader you are better off choosing your own broker and educating yourself with the wealth of free information that is available on the internet. Quite ironic when they claim to champion the 'common person changing their life for the better'.

January I'll give them one thing, by far the best scam out there i know. The reality is, yes they teach you to trade and yes they have ongoing support and provide webinars and training etc etc but where they make their money is shifting clients around different brokers and getting paid by the brokers in doing so. You do the math!!!

And if you don't switch broker when they say?? Simple, you get booted out from MTA. You make money with them, you lose money with them but in reality you never really progress and make the money they say you can The odd person comes along and trades well and makes good money but that is rare From what I know close source there were 2 guys who own the business. Matt Travis and Mike Douglas. From what i heard, Matt has recently stuffed Mike over by setting up another company behind his back so they have now split.

Mike has gone off to teach people to trade with his own business and Matt has continued with MTA. Honestly, if you want to trade, buy some books and get reading.

Kings of Transparency can proudly fight for your trades in our Kingdom.

February I attended two of their apprentice groups I did it twice to make sure the first time round wasn't just bad luck , and both times they were appalling. The trading lessons given were ok, fairly basic, but you could have got that type of learning from the internet for free, but the worse bit were the trading signals Matt gave out, so you could 'earn while you learn', they were awful and resulted in loss after loss until my account blew up.

I kept a close eye on my account he traded and I saw him first hand move stops and take large positions sizes vs the size of the account. February edited February One more thing, and sadly I don't have it all print screened , but Matt said he purchased his house for 1. Also, when he was boasting about his new house he didn't clock the pictures he was posting had the little Air BnB symbol on top right , which is no doubt where the RENTS the house from.

Updated sold costs. I can confirm all the above is true. They sure as hell don't make their money from trading but from signing up mugs for the commission they get from the brokers. Training is basic, nothing more than what can be found on 'babypips'. They run a 'project 10' whereby clients sign up to turn 10k of their own money into 1m in a year following Matt travis' signals.

Do yourself a favour and avoid. Thanks for all this info guys!

New York MTA Ridership to See Permanent 20% Drop, Moody’s Says

Matt made an update recently about bad press, this thread probably being one of them, but he didn't mention anything about being busted for lying he purchased his house when in fact he rents it, or the fact he makes the majority of his 'wealth' from rebates and client joining referrals from the broker he signs all his students up to Been interested in going with this guy Travis and his lot for a few weeks but now some things don't seem to add up. Why deny something that is easily proven?

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LCG refer to reviewing advertising materials on that website before it was closed down. Me and a few other who were heading his way are becoming more uneasy.

The problem with a liar is that they have to remember the lies they have told, forever. Wondering now if that is what we have here? There is much debate about MTA, or in whatever guise as being a scam.

As it goes, it's probably not a scam per say - as its advertised as a free training course on how to trade FOREX markets. In this sense this is what they do. The dishonesty arises when the company sells the dream of obtaining unforetold riches, fancy cars, watches, holidays, and freedom from the rat race that most people wish to escape.

What they don't tell you is that companies like MTA get a referral bonus, and ultimately this is what pays their wage. This is done by turning over a certain amount of spread.

Currency Trading Indicators: Forex Market Indicators & Forex Rates

Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus losers, then determine how profitable your winning trades were versus how much your losing trades lost. Take a look at your last 10 trades.

If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:. Once you have funded your account, the most important thing to remember is your money is at risk.

Therefore, your money should not be needed for regular living expenses. Think of your trading money like vacation money. Once the vacation is over, your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.

A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a trade and execute it well, you form a positive feedback pattern. Success breeds success, which in turn breeds confidence, especially if the trade is profitable. Even if you take a small loss but do so in accordance with a planned trade, then you will be building a positive feedback loop. On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade.

Perhaps a pattern is making a double top and the pundits and the news are suggesting a market reversal. This is a kind of reflexivity where the pattern could be prompting the pundits, who then reinforce the pattern. In the cool light of objectivity, you will make your best plans.

Wait for your setups and learn to be patient. A printed record is a great learning tool. Print out a chart and list all the reasons for the trade, including the fundamentals that sway your decisions. Mark the chart with your entry and your exit points. Make any relevant comments on the chart, including emotional reasons for taking action. Did you panic? Were you too greedy? Were you full of anxiety? It is only when you can objectify your trades that you will develop the mental control and discipline to execute according to your system instead of your habits or emotions.

The steps above will lead you to a structured approach to trading and should help you become a more refined trader.