Actively trading in the tradenet trading room for months, and I am very happy with the education I am getting there. If you just want to copy someones trades, and make money, this might not be the room for you, but If you want to learn, and make it yourself, then it suddenly becomes a very good place to be.
You see different styles of trading from different analysts, and you can certainly find one that fits your style (Some of them won't ). You can pick these strategies up in no time, I am making very similar decisions to some of the analysts, sometimes seconds before they announce their trades... which is exactly the result I was looking for.
Since the first half an hour is usually quick and busy, it is unrealistic to expect all the trades announced in time, typed in with every single detail - but all the calls are announced at least over the microphone, and as I said, you can get used to the main patterns very quickly. After the busy bit went down with the opening, we usually get an informal education session, little, but very valuable nuggets of wisdom, explanation of earlier trades, reason of decisions... you can see and hear the most important things over and over again, and always pick something new up. Later on, other analysts take the lead through the rest of the day - even if I don't trade later, I tend to stay in the room, and papertrade after lunchtime strategies. The results are very transparent - if they lose money, they lose right in front of you, and show the big red numbers on their screen.
There is also weekly market overview recently, every Monday morning, called Investors Club. Market analysis, explanation of upcoming news, discussion of recent, important issues effecting the market, weekly swing overview... As one of my week spots are fundamentals, I found it very helpful so far, just to see the big picture.
I am not a member of the Prop team, but I am a Colmex user. I did experience slowdowns in high volume IPOs in the past, but since the last platform update, I had no complaints.
Overall, if you want to become a successful, independent trader, their programs and trading room are very useful, but this room is not meant to make quick and easy money. If you are interested in their take on daytrading, check out Meir Barak's t book (Market Whisperer)... it is one of my best 12 bucks ever spent.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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