Live Room

Hi all i just wondered if anyone has tried 'The Trader Management Company' live room website, it has several experienced traders all showing a decent profit trading just fx i think...It looks like a genuine service and is fsa regulated which is unusual.
Please dont say im advertising!
Cheers!

.....so what do we call it then ??

I have access to trademanagement live trading room via my broker for 1 year. The traders are very good and its all live, they make trades live, Ian Coleman will go through fx pairs charts live on your PC and explain why he is taking a trade and he will explain the different patterns on a candlestick chart, he is a trend follower and he makes good pips but has bad weeks like everybody but over a period of time he makes more pips than he loses. Miguel scalps and I have gone through his weekly records and he makes more pips than he loses but the market conditions with the euro has made his style of trading difficult and he only trades eur/usd. Julian the other trader has some very good winning trades. You can ask the traders questions live, its very educational via Ians live charts and he explains all the charts and what he is seeing in real time and will say I taking the trade from what the chart is showing and at that moment he places a trade.

They have a 2 week free trial so you can check out the traders for yourselve.

Live Trading Room | Learn to Trade Forex | Trading Education

I do not work for trademanagement and as I said above I have access to the site as a member.

New trader started today maxine, I don't know how good she is. Julian has some nice 40+ pips trades.

Good evening Alfiemal. My name is Christopher Kelly and I am the Director of the Trader Management Company. I just saw your post above and wanted to get in touch to say that if there were any questions I can answer, do let me know. Any concerns, comments or criticisms are gratefully appreciated. We will use any of these to improve / develop the company.

As you mention above, we are FSA regulated; something which we were very keen to pursue as we are determined to be as transparent as possible. Re. your comment about us trading FX only, I should note that; at this time; we are only regulated to provide investment advice relating to Rolling Spot Forex. We are however keen to progress into other asset classes in the future. All of our traders are CF30 regulated. Concerning the performance of the traders in the room, we post all the trades in our past performance pages; positive or negative. Again, this is all part of our bid to be as transparent as possible.

As above Alfiemal, any questions, let me know. I will do my best to answer them.

is this a joke ? any half decent trader could see cable/usd was long for the day ..7/10/2011..basic trend line trade, should have banked at least 100+pips

bha1 said:

is this a joke ? any half decent trader could see cable/usd was long for the day ..7/10/2011..basic trend line trade, should have banked at least 100+pips

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cable/usd 7/10/2011

bha1 said:

cable/usd 7/10/2011

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I assume you mean GBP/USD bha1; aka cable. Whilst it's all well and good highlighting 100 pip movements after they've occurred, remember that the point of a live trading room is that the teams' trades are called live. No trader will ever catch every 100 point movement.

Our team comprise some hugely talented technical analysts, and as with all traders, their individual strategies and techniques vary. They may have interpreted the market differently to you depending on what they were looking at; don't forget, different views are what makes a market.

As above, I'd be lying if I said our team caught every 100 pip movement; as would anyone else, yourself included; but that in no way changes the fact that our team comprises talented traders who know the FX market very well.

I agree we don't all catch 100 pip moves, but then i'm not asking for newbies to pay me to follow my trades. If your traders are that good why would you bother or need to charge for the trade calls ?

I always consider that to be an odd question, bha. Even the best traders in the world work within companies; e.g. in banking or investment institutions. I see no reason why these same traders shouldn't share their insights with others in an open and honest fashion. As mentioned in one of the other posts on live trading room services, my background involved me working in investment banking, where I saw first hand that a percentage of the accounts that were opened were quickly depleted because the account owner simply didn't know what to or how to trade. Again, to me it seemed like an obvious opportunity to help people avoid the early pitfalls of trading by bringing experienced and inexperienced traders together.

At the same time, TMC remains a business; it does need to generate income in order to continue because it has costs. That said, I never understand why a business in the financial services sector must be entirely free or it is considered to be an evil entity. As mentioned before, everything we do is designed to be as open, honest and transparent as possible. At the moment, we only charge £50 per month for access to all our traders and resources and as mentioned elsewhere it this thread, we also work with a handful of partner brokers to make the service free for users; something which is achieved by offsetting the cost to the broker. I should note though that as part of this agreement, the brokers we work with do not increase the costs placed on the client in any way.

To quickly pick up on the comment re. catching 100 pip moves bha, again the fact that we are charging doesn't automatically mean our team will catch them all, nor does it imply that our traders are not experienced in their field.

I think we will have to agree to disagree on this method, until traders are 100% sure why they are entering a position they will fail.

If for instance 100 traders enter on say ' traders A' signal and its a failed trade a 100 traders fail..

There is no quick way to learning to trade, until they all have worked on and perfected their own strategy which can take time years even, then they will not become a good trader.

But that's just my opinion

Good luck

ChristopherKelly said:

Good evening Alfiemal. My name is Christopher Kelly and I am the Director of the Trader Management Company. I just saw your post above and wanted to get in touch to say that if there were any questions I can answer, do let me know. Any concerns, comments or criticisms are gratefully appreciated. We will use any of these to improve / develop the company.

As you mention above, we are FSA regulated; something which we were very keen to pursue as we are determined to be as transparent as possible. Re. your comment about us trading FX only, I should note that; at this time; we are only regulated to provide investment advice relating to Rolling Spot Forex. We are however keen to progress into other asset classes in the future. All of our traders are CF30 regulated. Concerning the performance of the traders in the room, we post all the trades in our past performance pages; positive or negative. Again, this is all part of our bid to be as transparent as possible.

As above Alfiemal, any questions, let me know. I will do my best to answer them.

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Hi Christopher, thanks for the reply, at first i did not get any reply to my post for a while i just thought it would fade away...
I do not trade full time yet but i plan to soon, i will definitely become a member of the live room when i go full time.
Hope you get enough members to make it a success!

bha1 said:

I think we will have to agree to disagree on this method, until traders are 100% sure why they are entering a position they will fail.

If for instance 100 traders enter on say ' traders A' signal and its a failed trade a 100 traders fail..

There is no quick way to learning to trade, until they all have worked on and perfected their own strategy which can take time years even, then they will not become a good trader.

But that's just my opinion

Good luck

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To the contrary bha, I completely agree; I would never suggest that anyone follow the trades referenced in our room blindly. At the end of the day, we are an educational service and the trades called in the room are designed to illustrate how our traders interpret the market. I appreciate that there will always be users who simply use the room to follow the signals, but we are looking to build more than that. We want our users to be able to see how our traders develop their strategies and incorporate elements of them into their own strategies. In effect, we are looking to give people an 'over the shoulder' insight into how they engage the markets.

Again, I completely agree bha; blindly following others trades or strategies without looking to understand why can be a dangerous way of trading. That is why I find services such as Currensee and the like detrimental to those with an early interest in trading. Hopefully our users appreciate that the purpose behind TMC extends significantly beyond that.

Chris if you do start providing education/signals for indices/shares etc. as well as spot forex there is a guy on trade2win called wallstreet1928 he has a massively followed thread, he trades indices, shares and fx i think but it might be worth having a chat with him as i know he already offers his services, but he may be better off going through the trader management company?? from what i have heard he makes hundreds of points a week sometimes...
his site is Stock Market Analysis:London-New York-Tokyo-Shanghai
worth a look!!

I thought this is betting forum too. I planed to ask you is there somebody who uses Surebetmaker betting software... i would like to here your opinion before i decide to buy it

I've been using TMC for several months now. I really like the concept of being able to follow and interract with other traders in real time. But Ian has now left to join a trading house, which is a great pity. It seems to me that this is a bit of a problem - trading houses with susbstantial capital are always going to be able to offer more remuneration to successful traders than TMC can with its revenue model based on susbscriptions from day traders. Fingers crossed that they can continue to attract good traders.

Arbu said:

I've been using TMC for several months now. I really like the concept of being able to follow and interract with other traders in real time. But Ian has now left to join a trading house, which is a great pity. It seems to me that this is a bit of a problem - trading houses with susbstantial capital are always going to be able to offer more remuneration to successful traders than TMC can with its revenue model based on susbscriptions from day traders. Fingers crossed that they can continue to attract good traders.

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Maybe the TMC knew Ian may leave soon thats why they just started the new trader 'maxine'...
They would need alot of subscribers to keep good profitable traders interested in staying with the TMC. Then again they should get them if they offer a good service.

What I would say to anybody is to try TMC 2 week trial and make up your minds, you have nothing to lose, TMC have nothing to hide and the time I have been using them everything has been open and above board with past performance figures available on a daily, weekly, monthly and six monthly basis and it includes all winning and all losing trades.

Now Ian has left there is nobody teaching TA and I hope they have a replacement soon. The new trader maxine is very good and used to be senior trader at 2 investment banks, one being UBS, can't think of the other one. She made over 100 pips today. TMC traders do get it wrong sometimes and they have a bad week sometimes but we all do that from time to time.

Update on maxine, tuesday she made 276 pips, she constantly gets 30 to 40 pips per trade and tonight she is up between 90 to 100 pips on eur/usd. I think a few on the site copied her trades and got some big amount of pips that day. For the week she must be up at least 500 to 600 pips

potshot said:

Update on maxine, tuesday she made 276 pips, she constantly gets 30 to 40 pips per trade and tonight she is up between 90 to 100 pips on eur/usd. I think a few on the site copied her trades and got some big amount of pips that day. For the week she must be up at least 500 to 600 pips

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That is some serious pips, if she could do that consistently im quitting work to follow the trades lol! Does maxine have a track record?