The results looks to good to be true. I could not find anything about this program on FPA Is there somebody ho has tried this program. Or now some facts. Thx and good trading Rick. Jul 17, Messages: I wouldn't invest euro in the system you can't find anything about on-line! I'll tell you this much! Mar 21, Messages: Apr 10, Messages: Give me those Euros instead and I'll buy you more useful stuffs.
Jan 1, Messages: Jan 16, Messages: If you have those Euros to spare, might as well buy into a PAMM account if you have no confidence to trade by yourself. If the system is so good, why don't they use it themselves and quietly become multimillionaires instead of hocking their "wonderful" system over the internet where Market Makers can render it useless??
I would guard my "wonderful" trading system with my life; i. Aug 28, Messages: Hello, I am the owner of the system If someone wants to make a review must have the software and the system. Since you don't have a clue from first hand experience you better not comment about something you don't know. The system is installed and licensed by me personally and everything crucial is transfered on a 1 to 1 basis.
Here we say that opinions are like farts. May 1, Messages: Early in my trading career I realized that I need help , because I was losing money despite following some systems with discipline and recommended money management.
I was impressed by Basil's trading journal and took the northern lights course. Basil guided me through A to Z , spending with me many many hours in skype.
After completing the course I had very good basis of knowledge about the market. If you ask about the system itself - yes it works and it is profitable.
Some forum members said here that the price is too high - I think that every cent is worth it - there are very few programs available where you will get personal guidance for so many hours I suppose maybe there is no such program at all anywhere else , and besides that - there are many more expensive forex courses where you pay and get only written and video material and maybe some email support - but not more. Looking 1 year back I can say that I was lucky to meet Basil , maybe if I would not meet him or would not make the desicion to invest those euro - who knows , I could be one of those numerous miserable every-day-losing disappointed retail traders who eventually give up and leave the market.
I am in contact with other graduates of northern-lights course - all of them are happy and do not regret about the money they invested. It is always easy to criticise something that you have no experience in, with such negative approach it is nearly impossible to earn in forex. I know there is so much junk in the industry of forex education and most of the educating gurus do not trade their real money and live from their systems' sales and not from trading - but this is not excluding the possibility of really good courses and programs.
Anyway , if you have doubts you can contact me on skype my username is forex4ru , you can ask me any question about northern lights course and my experience with it. Hello, I haven't post for a long time in the trading journals. But today is a special day. Because one from the people I have trained reached to the following point: He is from Austria and he is in the banking industry. His English is not his strength, but discipline and persistence is. This is a part from the discussion in the inner circle of the students.
But i have Day i am not Trading I feel nice because I have done my part. Apr 4, Messages: Real Review ok, so let's get a real review out here I took the course and in my honest opinion it is NOT worth the money that gets charged for it I am not the only one There's another so-called student that has the same experience.
Unfortunately, the owner truly believes that he gives exceptional service by personally talking to you for 20 hours and that time is worth all the money in the world. Yes, he does spend personal time, but unfortunately that time is not well spent His comment on my asking to review it was that he looks at enough charts 14 hours a day therefore does not have the time for it.
Now, as part of the course you will get some decent software to maintain your computer and that I believe is the ONLY good part about the "course". A whole bunch of books downloaded from you know where The answer generally is knowledge is king.
There is absolutely no attention paid as to what level market understanding and trading one is at so its basically a here's all the info that I have and now you have. Go figure it out. In our chats I have asked lots of specific questions and always received vague answers.
My hopes were that maybe those answers will make sense later, but now I know they won't As far as the software itself is concerned, there is certainly no magic to it.
The answer always was to OBEY a particular indicator that changed itself way too often due to the use of micro timeframes ONE cannot trade based just on that I've tried. In addition, the scalping strategy is one that is found for free on forums like these and others. There are no particular set-up conditions or rules to follow.
Now, as far as the human element is concerned I do not think that the owner is a dishonest guy. I think he is sincere in his intentions, but needs a hard reality check which I tried to give him, but of course it won't go anywhere.
Will he answer your specific questions - Yes and No, but he will chat with you thinking that he's helping you, but its not really any help! He will also share anything useful he finds like new websites which might be useful. Unfortunately, he's always looking for a new magic indicator to add to the tool-box and share it with the group. While the sharing intent is good, giving students new "stuff" without forward testing and knowing exactly how it works and figuring out a way to incorporate into the system causes confusion especially when there are no rules to begin with.
In my opinion, the entire so-called course is a hoch-poch of stuff put together and is being called a "course". There is absolutely no structure to the "course" and when asked about it the answer given is that you will take it as it comes whatever that means because things seem to come from the left field all the time or don't come at all. There's also the person in the banking industry and doc that are mentioned in these threads. Yes, that's true, but somehow it was omitted that the so-called person in the banking industry lost a ton of money 80k doing all of this and was then told to look at pure price action where he finally seems to have come up with his own methodology.
Same with others in the group On the owner's forum he talks about the FX Black Hats who apparently are supposed to be the BIG boys trading FX and I was also told that you get one profitable system after another practically every month.
Well, I haven't found any of them maybe they ran away when I joined the group. There is also no major talks in the chats. In the same vein, no real time trades are posted.
The banker taking demo trades with his system posts his trades, but its demo and everyone is a genius in the demo world. I certainly did not find success anywhere near it. You would also think that as part of the learning process the owner would post what he just traded and why in real-time The course is definitely not worth the price heck even Hector Deville or Chris Lori charge you one-fourth the price of this course and they provide knowledge and strategies with with clear entry and exit rules.
In essence, I believe that this "course" is being offered by a guy with some honest intentions who is trying to make some risk-free money by helping folks. Unfortunately, the hoch-poch non-structured course will be of little help to anyone.
The owner needs to put in a TON OF WORK in restructuring the course while taking into account what level each of his students are and deciding how to tailor the course to fit individual needs while at the same time respecting the students and the learning process.
Now, the only thing the owner has against me is that I tried to get half my money back and I am sure he will have something to say about that which is fine by me! He does not offer any money-back guarantee when you sign-up with him. When I realized that the course is not worth the money he charges, I asked him several more than times whether he would consider it. The question was always ignored in the chat until I threatened to post an honest review at which point he started blaming me that I was blackmailing him.
My reason behind it was simply for the two of use to walk away from this a little disappointed and unharmed. He would get to keep half for giving me some free stuff and spending some time with me and I would get to keep the other half as it was not useful to me from a learning perspective.
That is all that I was thinking and since he kept trying to dodge the question, I had to put it that way just to get an answer. So there you have it. Take it for what its worth! Sure, you don't have to believe a word in this review, but I assure you that I have nothing to sell or gain from this.
If you still want to go for it, make sure you have some sort of back-out agreement in place or pay in installments he won't agree to it.More...