http://www.millennium-traders.com/ what do you experts in this field think about this website? i have a buddy who is seriously considering this and i'm skeptical about it. i don't wanna see him invest all his money and lose it.
Its a legit company and service. He isn't investing anything, other than access to their market data and trading room. The purpose of these sites is to learn how to trade. I think they focus on day trading, but in general day trading is a losing proposition for 95% of all traders. I think Robbie380 is a day trader who is successful, so you might need to get his opinion on this service. As for swing trading, the odds are a little higher at success. But more like 10% success rate. Trading is a rewarding profession if you put in enough time and effort. I would tell your friend to first understand economics, and especially macroeconomic events that move the markets. I know many traders who have taken over 5 years to be routinely profitable. Furthermore I know a few people who have turned 10K into 2 million or more in a span of a 2 years. But this is certainly an anomaly, as most people get frustrated and quit after 4 months. Looking at the costs for the access to trading rooms look a bit expensive. I have seen forex trading room access for about 25 bucks a month, instead of the 250 USD price they charge here. On the whole my philosophy is if these people running the site are good enough traders, they wouldn't need to supplement their income by running a subscriber service for a couple of bucks each month.
