Basically all liquid and preferably volatile instruments.
I prefer regulated markets like shares and Future contracts but all other products (CFD, Forex, Crypto, ETF, .... ) are also possible because especially price movements, volume and the balance between buyers and sellers is important.
Absolutely not and free alternatives are always offered for all trading platforms.
Usually traders only buy tools after several months when they are convinced of the added value and whether it fits their trading style or plan.
Actually, it is the speed or timeframe in which you trade.
In a nutshell, you could say scalpers trade in seconds, daytraders in minutes/hours and swing traders in days/weeks.
The market orientations, analyses and strategies are largely similar but the business model still differs considerably and this too is explained in detail as this is something every trader should know and understand.
Advice on investing is not offered in my courses.
In contrast to the vagueness and especially the nonsense you all hear on the internet, MyTradeClass gives a very clear, and numbers-backed, answer.
Depending on your choice of swing or day trading strategy(ies), applied money management system and risk profile, I can give you the realistic projections.
Concepts like percentage winners, win-loss ratio and expected value are the backbone of my courses or in other words this is where we start and end.
This is mainly where the live trading sessions are organised. For many traders, this is an added value compared to online sessions. You can also see how a trader lives and works and you literally look over my shoulder. No fake or marketing but the real life of a trader.
Usually, beginning traders start with an online course package.
Advanced traders with the combo WL3 and WL4.
When the focus is only on practice, coaching, mentoring and monitoring programmes are more likely to be considered.
Traders who are relatively new or not yet profitable often choose one of the packs as this is a global approach and overall cheaper and the best “value for money”.
Feel free to contact me for additional information.
MyTradeClass offers comprehensive training. This means you can start WL DayTrading 1 and 2 without any prior knowledge.
I can already trade a little - can I start the WL 3 course or coaching right away?
Our training model is modular, so you can indeed skip the first modules.
The cost depends on the level to which you want to learn to trade.
You decide how long the training programme lasts. On the one hand, the duration depends on how far you want to go. On the other hand, you can also take several “quick” courses through my seminars. For a full training programme, however, you can expect it to take around 1 to 1.5 years.
Absolutely. You can follow this training at your own pace.
Markets are open 24 hours a day so you can certainly find a session that fits your time schedule next to a full-time job.
Many traders also learn to swing trade or hold positions for several days or weeks.
We usually start with demo accounts to avoid expensive mishaps at the beginning.
You can then choose between trading with your own capital on the one hand and via a PropTrading Funded account on the other.
The aim, especially in the beginning, is to avoid financial risks / losses as much as possible.
No and I never have and never will.
I never get commissions for opening trading accounts or even worse commissions at brokers or proptrading firms.
If I give webinars/seminars for a broker they have to pay me a flat fee for this but “that’s it”. This is an important deontological boundary for me.
Online courses, Webinars, live trading group sessions, seminars are fine and are also part of training.
But the difference and the way to achieve really good results is made in the personal approach. That is why I work very much 1on1 with my students because it simply works more efficiently and effectively. Customisation is crucial.
There are many options but the normal route is first one or more online courses, coaching sessions, with possibly trading tools and then mainly a lot of live trading (1on1 only)
I got into it by accident because brokers who saw my results asked to share my recipes with other traders. There was a lot of interest because people realised it was real and not fake.
I don’t have to do this but it is very nice to talk about trading in different countries and meet other traders.
I myself still trade 15 or so hours a week almost always for students or public. There are hundreds of hours of live trading on my YouTube channel.
Believe me when I say that sitting alone in front of your screens 8-10h a day gets terribly boring.