Traders: Millions by the Minute

[CTRL ES1]

http://www.bbc.co.uk/iplayer/episode/b04j525k/traders-millions-by-the-minute-episode-1

Just watched this on iplayer. Apparently it was on earlier in the day according to my housemate (a trader, unfortunately) but formatting waits for no mortal.

Reaffirms my views, fuck traders!

 

[hitchensism1]

Ugh, day traders are particularly woeful. Amplify seem to have a decent business model though: rinsing idiots of their cash

 

[Aspiring member1]

Ugh, day traders are particularly woeful. Amplify seem to have a decent business model though: rinsing idiots of their cash

Wouldn't agree with that view. Sure, it's a skill to trade the live markets. But if there's an opportunity to learn from the markets and what occurs in day-to-day stocks, and having the ability to read the 'game' - then learning to trade isn't a bad idea

 

[hitchensism1]

Wouldn't agree with that view. Sure, it's a skill to trade the live markets. But if there's an opportunity to learn from the markets and what occurs in day-to-day stocks, and having the ability to read the 'game' - then learning to trade isn't a bad idea

I'm not knocking learning to trade (an eminently good idea), I'm knocking any 'teacher' that recommends a) day trading and b), worse still, trying to make an income from day trading. You will hit 0 in no time, and Amplify will have sucker punched you. The HF manager was the only person talking sense on that programme

 

[Aspiring member1]

I'm not knocking learning to trade (an eminently good idea), I'm knocking any 'teacher' that recommends a) day trading and b), worse still, trying to make an income from day trading. You will hit 0 in no time, and Amplify will have sucker punched you. The HF manager was the only person talking sense on that programme

I understand, but if you are a student studying a non-related degree, or have no/little experience whatsoever in the financial markets, this is probably the best way to learn how to trade. I agree that they do have a good business model, but most of their target market appear to learn and enjoy the trading education taught. As said, it takes time and skill to become good as it is a marathon - but Amplify seem to be on the right tracks and will continue to grow as their programmes become increasingly popular.

 

[Trigger1]

I'm not knocking learning to trade (an eminently good idea), I'm knocking any 'teacher' that recommends a) day trading and b), worse still, trying to make an income from day trading. You will hit 0 in no time, and Amplify will have sucker punched you. The HF manager was the only person talking sense on that programme

Amplify Trading is indeed a bucketshop. That being said majority of prop trading firms are like that (you using your own capital and then the company leveraging you up, charging X thousands of pounds for "training", trades being simply directional bets etc)