Intuition Master

[rols]

Has anybody any experience of the Intuition Master course?

http://www.facultyoftrading.com/users/index

The online course is £295 and claims to develop your intuitive side.

I recently read the book 'Blink'. There is a very interesting section where the Pentagon tests out some Wall street traders by getting them to play war games on a computer simulation. They are then taken down to Quantico, put into tanks, and taken on a live fire exercise.

"The traders did brilliantly. The war games required them to make decisive, rapid-fire decisions under conditions of high pressure and with limited information, which is, of course, what they did all day at work. It seemed clearer and clearer that these "overweight, unkempt, long haired" guys and the Marine Corps Brass were fundamentally engaged in the same business - the only difference being that one group bet on money and the other bet on lives."

 

[Trdr]

No experience with the course, tho they state a '100 % money back gurantee'.

I was surprised when recently reading references to the development and reliance on intuition in a book about traders given:
“The old whore previously inhabited the red light district at the intersection of Psychics Lane and the mystic Lunatic Fringe Boulevard. Today the lady is being courted by reputable scientists, by major corporations, and of course, by all the arts. She is thriving in my psychology lab ”.
Daniel Cappon at http://www.psychologytoday.com/articles/pto-1683.html
and while having my share of psychic experiences, never thought to include intuition in my trading techniques, so the matter-of-fact references to 'professional' investment bank traders' intuition not examined or explained by the authors I thought a large ommission.

While facultyoftrading appears to have specialized education, an introduction to intuition is Laura Day's 'Practical Intuition', and one of the many exercises to prove ones intuitive ability is determining tomorrow's rally or decline of a favorite index or stock:
http://www.practicalintuition.com/books.html

I met a psychologist who was very successful investing in stocks using a pendulum, which I mention as he said to create a physical signal for oneself to initiate a trading intuition, and the facultyoftrading refer to 'operant conditioning' which I'll infer as getting oneself to act on the intuiton without second guessing oneself and defeating the intuition.

Interesting subject, will you be taking the course Rols ?

 

[rols]

The above psychology today article is an excellent introduction to a fascinating subject. For those who deny or who have not experienced intuition (and I'm convinced the majority of successful traders do have a well developed sense of intuition) then the whole subject can easily be dismissed as mumbo jumbo. For this reason it has been difficult for scientific research to make progress as many researchers are afraid of being ridiculed because it is almost impossible to apply empirical logic to something which is essentially indefinable in a conventional scientific sense.

Another book I could recommend is "An Arrow Through Chaos" by David Loye which examines in detail the years of research into intuition and precognition and then attempts to marry the skills of the right and left brains into making predictive evaluations. He goes onto say that much of where we are at now with this subject has already been covered two thousand years ago in The Book of Changes - The I Ching. These techniques have proven useful for me personally as with practise I have been able to evaluate a trade from the logical(left brain) and intuitive(right brain) perspectives.

As I have mentioned in a previous post it is possible to observe only price action in a liquid market and trade successfully by 'tuning in' or going in and out with the flow. However getting to this stage requires some work. Maybe this is where the course may help though I doubt I will be taking it.

To summarise, I am suggesting that trading can be greatly enhanced by developing the intuitive powers that we all possess. Discuss......

 

[chump]

Much of Skinners work (and I am a believer) can be condensed for the purpose here to be said to be about conditioning behaviour through stimulus and response. Taking that a step further what is being proposed by these courses is pretty simple really. They are simply going to throw a stimulus at you and you are going to make a response. They will suggest that if you repeat this enough you will develop "intuition". That is you will develop recognition of the stimulus and make an appropriate response. The stimlus of course is market action and your response will be to take a form of action , buy , sell , or stand aside.
Repeated often enough they argue this develops your intuition. Frankly , in this sense "intuition" is no more than experience. I'm not convinced what they are suggesting will work , at least in the sense they are trying to sell it , because it is missing a vital component. For conditioning to work the feedback loop should carry something meaningful. Example .. a dog bites you , the feedback is pain..pretty clear , next time you see that dog you will have adapted your response. In the case in question simply saying "you're right , or you are wrong" seems to miss the point. Where in that are you supposed to register a meaningful event that will adapt your behaviour ? You're not losing money as it is not a real trade.
To be frank I think they are using Skinners name to sell this and I don't think what they are suggesting will work in the way Skinner at least would have proposed.
That's not to say it might not be useful ,but look at the why in this. The why as far as I can see is simple , you look at enough different forms of market action enough times and you devlop your experience of recognising those market actions. In this sense experience and intuition are one and the same. I see no harm in using a course like this for that purpose , but of course there are plenty of other ways of doing the same thing. I suspect they are trying to distinguish themselves from those other methods by using the "Skinner" label ,but I don't that really washes.

 

[fxmarkets]

hmm, Interesting topic, now thinking about intuitive trading and what / how I reflect on myself watching it all I'd say that I can glance a chart and "think" (no intuition as that involves unthinking with action) so I'd say its always thinking, lol thinking about it..... however I get the "sense" looking back that at times I'm not aware of thinking of / when doing etc ie we forget ourselves and just interact with the task in hand ,but also I'd say I will be aware of what im doing without "thinking" about it, if that makes sense.


hmm lordy...... we have to ? think in this game , dont we ? but we can forget ourselves doing it maybe...

Fx.

 

[rols]

hmm, Interesting topic, now thinking about intuitive trading and what / how I reflect on myself watching it all I'd say that I can glance a chart and "think" (no intuition as that involves unthinking with action) so I'd say its always thinking, lol thinking about it..... however I get the "sense" looking back that at times I'm not aware of thinking of / when doing etc ie we forget ourselves and just interact with the task in hand ,but also I'd say I will be aware of what im doing without "thinking" about it, if that makes sense.


hmm lordy...... we have to ? think in this game , dont we ? but we can forget ourselves doing it maybe...

Fx.

Spot on FX (no pun intended)

If you are conscious of being intuitive then you are not being so because it is a subconscious action, you only know afterwards. The knack is to be able to get drop into the state at will - some call this 'accessing the gap'. Once you find this gap (which is the gap between your thoughts, the collective unconscious perhaps) then interesting things start happening.

As for the course I had a look at the freebie module and IMO it misses the point completely. I agree with Chump (above) and further add that being 'intuitive' is much more than pattern recognition and involves tapping into the live market with live money on the line.

 

[fxmarkets]

Seeking a route, to find the map, leading towards destination "Passive Participation.

hmm, yes rols..... maybe a lot has to do with our confidence or belief /shear number of interactions that we have made based on our whole trading objectives. I mean when if/ we get to a point whereby we do they same thing (although depending on ones thing of course) which we know or are satisfied with as a plan to deliver on our trading objectives.... then it becomes routine, which enables a person to assume or drop into a passive/ more relaxed state probably without thinking about it, it just happens.....

I'd say its very unlikely to happen if we / a person is not knowingly happy with their whole approach or their deep down level of knowledge is not or does not sit right for the individuals own level in trying to reach some sort of pursuit of excellence standard in whatever it is they attempt to do....

A few on these boards have mentioned having an overwhelming thirst for knowledge down to finest detail that was a natural driver propelling them deep to know the facts, they perhaps likely being not happy ,meaning unable to drop into passive mode until it was or became a done deal within themselves, ie satisfied that they can see it, know it and now just need to practice it or become the mechanism for facillitating the actions required to extract money from their fellow competitors by positioning with the pro weight of the market.

In short if we aint happy deep down I do not think we'll be doing this in our sleep.

maybe A good question for people to ask is and to get the answer for is

"Can I see (know) whats going on in the market"

Its not the only approach, but thats down to the individuals own driver for required knowledge, even if it takes a long time to arrive ....

if that company says "we'll show you whats going on in the market" which will enable you to develop intuition quicker (fastrack to a method perhaps ,utilising undisputable or continual evidenced based knowledge unfolding right before your eyes, ) then maybe it would help, but if they dont know themselves them I cant see it..... dunno though... yada yada.....


cheers

Fx.

 

[ianhowlett]

Regarding the post above by Chump:

As the CEO of Faculty Of Trading Ltd, which offers the IntuitionMaster product at www.facultyoftrading.com, I thought I would offer some insight as to how we have designed the course.

in this sense "intuition" is no more than experience.

You are correct when you state that "in this sense intuition is no more than experience": experienced traders can look at charts and get an intuitive feel for the correct trading decision to make. So whether you call it intuition or experience, it is a key skill for any trader to have.

You're not losing money as it is not a real trade.

This raises the issue of whether a trading simulation can adequately represent real trading when real money is not at risk. Of course the feedback that traders get from our system would be stronger if customers staked real money. However, around 90% of active traders eventually lose real money to the point where they have to stop trading! Jumping in with real money is not wise, yet this is a difficult temptation to avoid.

The emotion that tends to surface most with real money is panic, caused by feelings of helplessness when things go wrong and the trader does not know what to do. Intuition and experience can reduce this panic, and lead to much better decision-making, and so although real money is not at stake in our course the knowledge that it gives the trader is still useful when trading for real.

...you look at enough different forms of market action enough times and you devlop your experience of recognising those market actions.... I see no harm in using a course like this for that purpose , but of course there are plenty of other ways of doing the same thing.

Obviously people learning to trade can freely look at charts, but without a task to concentrate on, such as predicting the next price movement, the brain does not learn from what it is seeing. The charts could be printed and the next price bar covered with paper, but many people succumb to the temptation to cheat, and performance figures which can focus attention on the trader’s weak areas are not kept. Other people will practise using a real-time trading platform and a dummy account. The problem here is that this method soon gets boring and ineffective, since the time between making a trading decision and seeing the outcome is too lengthy.

Instead of these flawed methods, we believe that structured and disciplined practice is a much better approach, and that is what we offer at the Faculty of Trading.

I think they are using Skinners name to sell this.

Yes we are, and there were two main reasons for this. Firstly, his work has been subjected to robust scientific analysis and repeated follow-ups over the last 50 years, and has been shown to give measurable results. We therefore wanted to explicitly build a practical trading course around his findings, to build a genuine unique selling point that can deliver results. Secondly, as a legitimate business it can be difficult to differentiate ourselves from the disreputable courses and systems that promise phenomenal success rates that are, in reality, far in excess of those achieved by trading professionals and are almost certainly bogus. Rather than making outrageous claims, we chose to market our course by putting the proven science at the forefront, which appeals to the serious trader.

Ian Howlett.

 

[ianhowlett]

Spot on FX (no pun intended)
...being 'intuitive' is much more than pattern recognition and involves tapping into the live market with live money on the line.

As the CEO of Faculty Of Trading Ltd, which offers the IntuitionMaster product at www.facultyoftrading.com, I agree that putting live money on the line will build your intuition, at precisely the same rate that it destroys your account balance!

Let me illustrate this with a poker analogy. In poker, there are different tables with different sized pots. Novices might be at a table where the average pot size is no more than two pounds. Professional poker players will play for pots worth tens of thousands of pounds. So in poker most people are playing against opponents with a similar skill level to themselves. Now compare this to trading: there's only one table! The novices who are trading for the first time are competing directly with the professionals from the big banks with 20 years of experience. This is like sending a kid who's watched golf video to play a round against Tiger Woods – it’s almost certain to end in tears.

Also, couple this with the fact that many non-professional traders also trade amounts which are too large: a forex trader with a £5,000 account doesn’t have to make too many mistakes at £10 a tick before he’s wiped out.

The fact is that the vast majority of active traders end up losing money and quitting the game; in our view it is much better that these mistakes are made and fixed in a trading simulator instead of losing real money. Of course, the learning process never stops, but trading for real money should be the last point of call, not the first.

Ian Howlett.

 

[Charlton]

Intuition or highly developed skill/experience levels ?

Has anybody any experience of the Intuition Master course?

Rols

I don't know about this course, so am unable to comment on it, but I have read a few books containing techniques to develop intuitive powers.. Unfortunately I have given these away now, so cannot provide titles/authors.

Some people seem to be naturally more intuitive than others, but I believe that intuition with regard to a particular subject develops naturally as one gains more skill and experience in that subject through repeated exposure.

One could argue that this repeated exposure just sensitiises you to the fine nuances of the subject. You merely become subconsciously aware of them at a level below your conscious awareness. Thus a learner driver controls his vehicle mainly by conscious analysis. He has to really think where is the gear stick and how should he move it. This slows down his actions and limits his ability to deal with a multitude of stimuli. The proficient driver on the other hand, controls his vehicle subconsciously. He does not need to think how to move the gear stick - it just happens. As a result of this he can absorb and respond to many stimuli and minute variations in these.

Similarly a good musician or speaker of foreign languages finds a point at which the music or language simply flows, without conscious effort.

Whether or not this is intuition or an advanced skill level might be debated here.

Now there is one member of T2W who has often talked about this topic and my intuitive powers suggest to me that he might well be contributing to this thread shortly !

Charlton

 

[counter_violent]

Oh Joy !

C V

 

[fxmarkets]

Bored with waiting In trading....?. well second word .. off then maybe....

Other people will practise using a real-time trading platform and a dummy account. The problem here is that this method soon gets boring and ineffective, since the time between making a trading decision and seeing the outcome is too lengthy.


Ian Howlett.

hmmm Sirens going off in head....... tough titty if the trader gets feelings of absolute boredom, this is good is it not ? or should we feel excited by it?

I have a theory you might be interested in, attach electrodes to the students Nads, if they get a position move against them by 15 tics in any trade then they get you know what.... Yes Buzzzzzzzzzzzz.... I'd be surprised and I bet they would be too at the time they could sit watching and waiting for a low risk / high prob trade...

week 2 drop it to 10 tics...... etc....

week 3 drop it to 5 tics....

that'll cure their boredom.... but really if they cant hack boredom, then thats good for the market I guess....

Hmm yes...... I'll do a U turn on that..... live trading dummy accounts too lengthy... do something else, then come get slaughtered because of feeling the lack of stimulus.....

I dont know Ian , students waiting and waiting is no bad thing to learn in trading.... and be o.k. with if chosen ,then when its time to act, its demon speed with nobs on.....

So wait, wait, wait, wait, NOW, wait, wait ,wait wait NOW.... etc etc.. hmm and really thinking about it depnding on ones timescale for round turns then then waiting to doing ratio is a BIG one, unless we view waiting as an action, then we'll be busier than a one legged man in an ass kicking contest in that department......


Fx.

 

[rols]

Rols

I don't know about this course, so am unable to comment on it, but I have read a few books containing techniques to develop intuitive powers.. Unfortunately I have given these away now, so cannot provide titles/authors.

Some people seem to be naturally more intuitive than others, but I believe that intuition with regard to a particular subject develops naturally as one gains more skill and experience in that subject through repeated exposure.

One could argue that this repeated exposure just sensitiises you to the fine nuances of the subject. You merely become subconsciously aware of them at a level below your conscious awareness. Thus a learner driver controls his vehicle mainly by conscious analysis. He has to really think where is the gear stick and how should he move it. This slows down his actions and limits his ability to deal with a multitude of stimuli. The proficient driver on the other hand, controls his vehicle subconsciously. He does not need to think how to move the gear stick - it just happens. As a result of this he can absorb and respond to many stimuli and minute variations in these.

Similarly a good musician or speaker of foreign languages finds a point at which the music or language simply flows, without conscious effort.

Whether or not this is intuition or an advanced skill level might be debated here.

Now there is one member of T2W who has often talked about this topic and my intuitive powers suggest to me that he might well be contributing to this thread shortly !

Charlton

Charlton. Again you echo my sentiments, our only difference being nomenclature. Please see below post re. Mr marcus.

Einstein and Louis de Broglie both enthusiastically suggest that through knowledge of patterning and flow and indirectly through reason the ensemble of events constituting space-time exist prior to the observer's knowledge of them.

I suggest that Mr. Marcus has made use of the pattern recognition scanner called the brain and through knowledge of patterning and flow and indirectly through reason he is able to pull off what to us are amazing illusions.
rols

I submit that the past and future are not foreign countries and they do things just the same as they do here. All we have to do is believe it....

 

[ianhowlett]

tough titty if the trader gets feelings of absolute boredom, this is good is it not ?

Making students bored doesn’t seem like a sensible teaching strategy to me. Making them take only one decision a day is not an efficient learning environment.

students waiting and waiting is no bad thing to learn in trading

I agree with you that “students waiting and waiting is no bad thing to learn in trading”. The difficulty is teaching this skill without the course lasting for several years!

The approach that we have taken at Faculty of Trading aims to teach the skill of waiting for profitable trading opportunities, but in as short a time-frame as possible.

Many active traders over-trade simply because they get bored and like to be in the markets just to get some action, and of course they often lose money as a result of this. Due to their over-trading and clouded judgement, they might not even recognise the best trading opportunities when they arise. We believe that our course can help people to understand when the best opportunities arise, and to show them that good opportunities do indeed arise given time. This should reduce over-trading among people who have taken our course, and lead to fewer losses.


Ian Howlett
CEO, Faculty of Trading Ltd.

 

[fxmarkets]

I agree with you that “students waiting and waiting is no bad thing to learn in trading”. The difficulty is teaching this skill without the course lasting for several years!


Ian Howlett
CEO, Faculty of Trading Ltd.

Yes understand what your saying there but a student could condense one years of trading into 4 hours by switching to a 1 minute time frame, 240 bars unfolding real time, they want that in 2 hours? 30 second bar etc.... patterns would still unfold... they could still wait and wait on shorter timeframe and trade or train to take the best opportunities or observe for them over 240 bars or 480 bars etc in a day , or do you prefer teaching trading on dailies? why ?

cheers Ian

Fx.

 

[ianhowlett]

a student could condense one years of trading into 4 hours by switching to a 1 minute time frame, 240 bars unfolding real time, they want that in 2 hours? 30 second bar etc.... patterns would still unfold.

Of course, a live environment (using either real or dummy money) could be set up in the way that you suggest, since markets are generally considered to be fractal, meaning that similar patterns will appear in any timescale.

However, there are several disadvantages with this method that the Faculty of Trading product overcomes:

1. Although you would be shortening the time period of the chart from one day to one minute, transaction costs such as commission and spread remain fixed. So the ratio of the price movement to the profit realised is heavily altered due to transaction costs being overly-represented in the shorter time period. The student’s results would thus be heavily distorted.

2. When I was running through the Faculty of Trading course myself, I found that, similar to others, my attention span for fully concentrating was around 45 minutes. Using a live environment, as you suggest, would mean that the only way a trader could get a break from the learning would be to go flat and walk away from the live market prices, even though going flat may not be desirable at that time. By contrast, the advantage of the our course is that the user dictates the pace. Progress is automatically saved and the user can return later to the point that he or she left off.

3. Getting performance statistics is a useful way to see weaknesses in your trading, so that these can be addressed. Live environments provide profit and loss information, but they do not often give breakdowns that are more useful for learning. For example, the Faculty of Trading system shows your hit rate (percentage of the time that you correctly guessed the market movement), for both your bullish and bearish predictions – it turns out that most people are actually more accurate going long than they are going short.

We also show a graph of your profit and loss information alongside a graph of the market movements. At the end of each lesson you are taken to your performance analysis, and you can see it at any time. This makes it easy to see where you are making the most mistakes. For example, some of our test users were making money when the market was relatively stable, but when the large trends took hold they were consistently losing money, either by holding losing positions for too long, or calling by trend reversals too early. It is very easy to see these mistakes using our graphs, so if you are losing money you can see why.

do you prefer teaching trading on dailies?

The reason we chose to use daily bars is that by running the course data over a ten year period a much richer range of market conditions can be covered, and so the student is exposed to many more potential scenarios than would be the case if a shorter time period was chosen.



Ian Howlett
CEO, Faculty of Trading Ltd.

 

[fxmarkets]

2. When I was running through the Faculty of Trading course myself, I found that, similar to others, my attention span for fully concentrating was around 45 minutes. Using a live environment, as you suggest, would mean that the only way a trader could get a break from the learning would be to go flat and walk away from the live market prices, even though going flat may not be desirable at that time. By contrast, the advantage of the our course is that the user dictates the pace. Progress is automatically saved and the user can return later to the point that he or she left off.


Ian Howlett
CEO, Faculty of Trading Ltd.

Thanks for your reply Ian, maybe its just me but personally 45 minutes is terrible . I understand that some may feel the boredom or the driver within to maintain FULL concentration up to 8/12 hours is simply not there for the individual concerned and so can empathise with your own experience, but personally I concentrated fully for many hours on end, tic by tick, day in day out, week in week out. month in month out .... this I feel may position the individual to advantage in developing intuition to a point whereby you then begin to interact in a more passive or intuitive manner with it all.Potential traders wandering off after 45 minutes should in my view keep wandering ,never to return. For their own good.

is it the chicken or the egg?


Again from my own experince I suggest that until the trader concerned knows exactly whats unfolding right in front of them, then intuition or passive interaction will remain lacking .

Now with your intuitive development training are you saying this will enhance a client to develop their method approach to the market? Or do you think the client needs to already have in place a method that they are already very satisfied with and your training will help develop their expertise even further in some way?

might be easier if you could give your typical clients profile that you seek, or have on your books,

Novice, Intermediate, Expert, and Those who take the you know what at will.

Thanks agian

fx.

 

[ianhowlett]

maybe its just me but personally [concentrating for] 45 minutes is terrible . I understand that some may feel the boredom or the driver within to maintain FULL concentration up to 8/12 hours is simply not there for the individual concerned and so can empathise with your own experience, but personally I concentrated fully for many hours on end, tic by tick, day in day out, week in week out. month in month out

Most evidence points to the average concentration span being way less than an hour. Oxford University medical school advises in its lecturers handbook that the students “concentration span is certainly going to be nothing like 50 minutes — more like 20.” http://users.path.ox.ac.uk/~wjames/teaching/Lecturers hand bookv3.doc Massey University in New Zealand advises students that “Most adults can give something their undivided concentration for between 20 to 50 minutes.” http://student-services.massey.ac.nz/default.asp?articleid=190

So you might think that 45 minutes concentration is terrible, but unfortunately it’s normal and that's what we have to work with.

Potential traders wandering off after 45 minutes should in my view keep wandering ,never to return. For their own good.

Most people who do not yet trade for a living just do not have 8 – 12 hours available when the markets are open in which to practice, as you suggest. People have jobs and families. They can’t just quit their jobs, so they have to find another way to practice, in their own time and on their own terms, which is where the Faculty of Trading course is useful.

Now with your intuitive development training are you saying this will enhance a client to develop their method approach to the market? Or do you think the client needs to already have in place a method that they are already very satisfied with and your training will help develop their expertise even further in some way?

If a person has an existing trading methodology then they will obviously use this, and they can see whether it works and how they might improve it. For those who are newer to trading, they are likely to have read a few books or articles and thus come across trends, support and resistance, etc., and it’s a chance for them to try out those concepts in a safe environment. Our testers showed us that people do indeed develop their own individual trading styles when taking our course, with some making profit on the trends and others making profits during the more stagnant periods.

might be easier if you could give your typical clients profile…

As we say on our website, the course is aimed at:
1. People new to trading who have not yet traded with real money, but wish to hone their skills before starting for real.
2. Traders who have begun trading, but wish to quickly gain more confidence and experience.
3. Traders who are losing money, or who have had to stop trading due to losses.

It’s fair to say that if you’re making a fortune at trading then you don’t need our course, but then you don’t need anyone else’s course either!


Ian Howlett
CEO, Faculty of Trading Ltd.
www.facultyoftrading.com

 

[fxmarkets]

This website says a lot because it says absolutely nothing

Thanks Ian, now then Stephan Bisse, hmmm I had a look @ http://www.keyreversal.com/servlet/Page?template=about and to be honest I was surprised, yet not, that there is nothing at that site other than selling trade station and 1 indicator.

The site suggests checking back every few months by Stephan Bisse (professional and still active trader and chairman of Intuition Master etc) for new trading ideas etc.... I couldnt find anything to do with trading systems installed for hedge funds and the such absolutley no new ideas it seems since 2004. The site seems to suggest Trading systems are the way to trade the market etc....

Im surprised (Although I'm not) that Stephan Bisse as a Pro trader ? is advocating going the route of guess n click via Intuition Master "This feedback is what trains your brain to recognise the patterns. "

Students will have to do a lot better than guess n click in this game, in fact thats what they need to learn to rid themselves of as swiftly as possible and thats very unlikely to happen until they get some serious screen time over the months or they get one on one with someone who knows whats going on in the market and can demonstrate this to the student who may then learn because of this greater understanding of market trading from a speculative basis has been revealed to them.

All the best with Intuition Master

Fx.

 

[ianhowlett]

Thanks Ian, now then Stephan Bisse, hmmm I had a look @ http://www.keyreversal.com/servlet/Page?template=about and to be honest I was surprised, yet not, that there is nothing at that site other than selling trade station and 1 indicator.

I don’t speak directly for Stephan or his business Key Reversal Ltd, but Key Reversal is a business targeted at professional hedge funds, not at private investors or active traders. It should therefore come as no surprise that sales at Key Reversal are not done over the web, since quality professional trading systems are developed by highly qualified mathematicians and are out of the price range of most non-professional traders.

Im surprised (Although I'm not) that Stephan Bisse as a Pro trader ? is advocating going the route of guess n click via Intuition Master

“Guess and click” could apply to any method of trading. What’s a trading system doing? Ultimately, unless it’s wired up to a crystal ball, it’s guessing! Those guesses might be informed by a set of rules, but they’re not going to be correct anywhere near 100% of the time, since financial theorists have found that markets follow something roughly approaching a random walk.

So when you refer to the Faculty of Trading simulation course as encouraging “guess and click”, you are right and wrong. If people want to base their trading decisions on indicators, or on support and resistance, etc., then they can do so within our course. The instant feedback then shows when these techniques work, and when they do not. So if you are paying attention you will start to modify your behaviour as you understand more about how the markets move. In other words, as you gain more exposure to the markets your guesses become more educated. Isn’t learning by experience what any trader does?

Incidentally, our chairman’s biography, available at www.facultyoftrading.com, shows that he has worked in finance for Goldman Sachs, Deutsche Bank and Saxo Bank. He has also been quoted at length on BBC News ( http://news.bbc.co.uk/1/hi/magazine/4522078.stm ), and has appeared on CNN and CNBC discussing trading.

I would therefore respectfully suggest that this would put him towards the top end of knowledge and experience amongst forum contributors.

Students will have to do a lot better than guess n click in this game, in fact thats what they need to learn to rid themselves of as swiftly as possible and thats very unlikely to happen until they get some serious screen time over the months or they get one on one with someone who knows whats going on in the market and can demonstrate this to the student who may then learn because of this greater understanding of market trading from a speculative basis has been revealed to them.

There’s nothing wrong with looking at live charts, there’s nothing wrong with reading books on trading, and there’s nothing wrong with asking others for help (provided that their advice is sound, of course). I’m not suggesting that any single learning method on its own, including our course, could ever be the sole source of wisdom.

What I am suggesting though is that a trading simulation such as that offered by Faculty of Trading can help people to practice trading and quickly develop a good understanding for their chosen markets.

Since you have not yet taken the course, and other readers of this discussion may not have done so, I would like to give people the opportunity to base their judgement on a fuller version of the system than the free trial allows.

I will therefore send a voucher code, redeemable for a full module, to the first five Trade2Win forum readers who email me at [email protected] , in exchange for your constructive feedback.


Ian Howlett
CEO, Faculty of Trading Ltd.
www.facultyoftrading.com