Question 1: Will I have to buy expensive software I don't need or won't use?
We use Market Analyst, who have partnered with us to supply a calculator specific to the TradeAbility Income strategy. We have not included the cost of this software in our course, as people may already have trading software they want to use, or they may prefer to calculate their returns on an Excel spreadsheet. Note the Market Analyst software is not compulsory in order to trade the Writing Covered Calls with CFDs strategy, however it is important that you have some way of calculating potential risk and returns before you enter any trade, as the constantly moving market makes each trade a moving feast.
Question 2: What sort of attention will I get at Trading Pursuits?
At Trading Pursuits, Daniel is totally committed to ensuring that everyone in the course not only understands the content of the course, but has the confidence to immediately start trading. We have structured our courses so that our flagship course, TradeAbility Income, concentrates on only one strategy, which is a combination of only a couple of key derivative trading concepts. This makes it easier to grasp, even for beginner traders. We also offer ongoing email and webinar support with our analysts, as you learn to apply the strategy in the markets.
Question 3: How much money does it take to trade your strategy?
One of the keys to the TradeAbility Income strategy is leverage. We are combining writing covered calls with CFDs, which is a leveraged product. You will be taught a money management plan that suggests you engage no more than 40% of your total trading capital on the strategy, to avoid the potential for devastating losses that could take a long time for your account to recover from. So take the total amount of money you have available to trade, and times that by a maximum of 0.4 to work out how much money you will be able to engage on the strategy. Then, another risk management key to this strategy is diversification. Ideally, you should have enough money to allow some diversification in your portfolio. In order to be able to diversify, we would suggest that at least $10,000 to $20,000 of trading capital is needed, so that up to $4,000 to $8,000 is available to be engaged on the strategy.
On average (and this can vary a lot from month to month) our trades require an average engaged amount of approximately $2,000 each. So $4,000 to $8,000 in capital available for the strategy should allow diversification across 2-4 trades per month. This is based on using 7-8 contracts per trade, which will reduce the impact of brokerage on the potential returns. You could trade a lower number of contracts, and thus diversify more, but the returns may suffer a bit due to a minimum of $15 brokerage in and out for CFD trades. We trade quite conservatively, and some clients actually out-perform us by taking more risk than we do. Some also under-perform us by taking less risk. That is their choice. We only report returns based on some fixed assumptions (which we clearly state), for the purposes of consistency and transparency.
Investing on the financial markets is a learning curve and does involve the risk of losses. In your first year of trading, you should focus on LEARNING not EARNING. While you are learning, it is not wise to engage more money than you could afford to lose – because the reality is that you might make some mistakes along the way. After a year of experience, you should have enough knowledge and confidence, and then you can be the judge of how much money you wish to place into the market.
Question 4: I've heard that Options are risky ... I don't want to invest in anything that's risky. I've worked hard for my money, I don't want to lose it.
Options were actually created to reduce the risk of owning shares! In fact, if you have ever owned shares, you have taken more risk than the strategies Daniel teaches in his course.
People who say options are risky usually don't understand them or have an alternative reason for not encouraging you to become active in them. Your greatest protection against risky investments is simply knowledge.
Question 5: I don't have any experience in shares or options. Is this course too advanced for me?
We have trained everyone from housewives, financial planners and doctors to teenagers and retirees. The TradeAbility Income course has been designed with beginners in mind, but you must be willing to invest the time to understand and apply the strategy for it to work for you.
Question 6: How much does the course cost?
The Trading Pursuits education packages are an investment that cost very little considering the income you can potentially generate from the education our courses provide, the confidence our education can give you to begin building your wealth through trading safely and effectively, and the amount you can learn in such a short amount of time. Our courses are designed to be the ultimate fast-track to the world of trading.
Question 7: How long has Trading Pursuits been around?
We began training average investors about how they can safely and effectively trade Australian, US and international markets in 2001. We soon became recognized leaders in the trading education field.
No one explains trading in financial markets better than Trading Pursuits, in a way that is easy to understand and simple to implement. We don’t use confusing jargon, we break it down into concepts that everyone can grasp.
Trading Pursuits prides and measures itself on the quality of its education.
Question 8: How do I know that Trading Pursuits really has the expertise I’m looking for?
Trading Pursuits education is the distillation of many years of trading knowledge. Our education programs are informed by the joint experiences of head trainer Daniel Kertcher (over 15 years experience in investing and trading); Managing Director Julie Cairns (Masters Degree in Finance and over 20 years of experience in market analysis including for Macquarie Bank and the Reserve Bank of Australia); and Traders Report Editor Brad McFadden (20 years experience in global trading strategies including Equities, FX and Commodities, including 10 years at a $1 billion proprietary trading fund).
Question 9: How soon can I start trading?
¨You can start trading as soon as you open a trading account with your preferred broker. At Trading Pursuits, we use Spectrum Live (www.spectrumlive.com). We do however, caution all our graduates to have had some experience with a paper trading account prior to opening a live account. Spectrum Live offer this service, as do most other online brokers.
Question 10: Do you have a payment plan to pay for the course?
¨Trading Pursuits accepts payment plans for the following courses: TradeAbility Income Plus, TradeAbility Master and Elite Coaching. When purchasing directly from Trading Pursuits, we do ask for a deposit and then allow 7 days for you to pay the balance, which is our cooling off period. If you change your mind within the 7 day cooling off period, we will refund your deposit less an administration fee. When purchasing through another entity promoting Trading Pursuits, please read their terms and conditions issued to you at the point of sale.