Million Dollar Traders - Part 1 | British reality TV Series & Course created by Lex van Dam
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- Опубликовано: 12 июн 2018
- Learn how to trade and join other graduates of the "Million Dollar Traders" Course! Head over to milliondollartraders.com
More about the TV Series and our online course training:
'Million Dollar Traders' was a British reality television series created by a hedge fund manager Lex van Dam (milliondollartraders.com)
Eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. Can they make a killing?
The experiment reveals the inner workings of a City trading floor. The money is supplied by hedge fund manager Lex van Dam: he wants to see if ordinary people can beat the professionals, and he expects a return on his investment too. Yet no-one foresees the financial crisis that lies ahead.
The traders were selected in spring 2008, before the US credit crisis gathered pace. The successful candidates were chosen, trained and dispatched to their specially created trading room in the heart of the Square Mile. Among them are an environmentalist, a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student and a shopkeeper.
As the novices learn the dark art of trading stocks and shares, the financial markets start to buckle. Making money takes second place to basic survival as the brutal realities of global economics take their toll on the traders. How do they cope? Will they secure themselves a bonus, or walk away with nothing?
Part of the City Season.
The Million Dollar Traders Course is available on our website milliondollartraders.com and includes unique material that was never shown on the TV series and has now been developed into a comprehensive educational program teaching Lex's 5-Step-Trading(R) process applied to stocks, currencies, commodities, technical trading strategies and economic analysis.
As you progress through the course you will gain a better understanding of how professional investors like Lex approach the markets and begin to develop your own style of trading using his framework. Crucially you will be equipped to recognize and adapt when market conditions change, and take advantage of trading opportunities that other strategies cannot possibly prepare you for. By the end of the course you will be fully prepared to invest on a personal basis or pursue a career as a professional trader.
If you are interested in joining the Academy, get in touch with us at info@milliondollartraders.com. 
Хобби
I really wish they would do another season it was amazing, watched them all twice now!
Would love to do another too!
@@lexvandamofficial with the zero commision brokers and everyone stuck at home there's probably more demand than ever for this kind of program. I always tell new traders to watch this and read Way of the Turtle.
Good call! Thanks Ted
Most of the people on this show didn't seem to appreciate the great opportunity they had to showcase their skills and potential.
This is 13 years old, I was 21 and in Afghanistan with the major from here 😂
Paper trading is a starting point but it does not nearly compare to how your psychology works when it’s your actual money on the line, and real money to be earned.
Risk control and trade psychology are the ‘nuts & bolts’ of this industry I believe
My problem is I started so good I thought I was invincible. My first swing I made almost 300% and thought I was just a genius I was humbled very quickly when I realized I was much more lucky than smart
ah, I bet that’s true. if you don’t humble yourself, the market will do it for you. this stuff is certainly not easy but it can be very rewarding and fun when done right!
It’s all bullshit nothing fun about it
LOL! Only because you don’t know what you’re doing. Sure there are technicalities involved but I paid off my first house in 2021 and I’m able to make a living off trading using a well structured approach
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You are right sir
Most people don't invest due to ignorance.
@Maximilian Ziegler wow, you know her too?
I even thought I'm the only one she has helped walk through the fears and falls of forex trading.
My first investment with Expert Mrs Russell gave me profit of over $69,000 U.S dollar
"i absolutely thrive under pressure, which is what trading is...." falls apart after 10mins
Lol
😂
@cool how do you know?
Them folks never had to make life work with nothing so of course .
amazing
After watching this for the third time I decided to find out a where are they now for the Contestants:
Mike Tovell - Sadly committed suicide after his personal and work life came into trouble
Amit Jobanputra - Now a sales director
Simon Brew - A councillor for Croydon
Cleo Folkes - Known now as Dr Cleopatra Folkes BVSc MRCVS and deputy chairman of the family business
Emile Coleman - CEO of Elite Sport Technologies
Caroline Taysom - Owned and exited many businesses since the show
Ohioma Imoukhuede - Working as an expat tax consultant
Sam Duby - Is last noted as an influential technology developer and has won awards for his PHD, still fighting for a cleaner world
Interesting that none followed up with trading
@@thd544 "he went to army for easy life" said no one ever, well except for this idiot.
Simons trading strategy= Buy high, sell low
lol no
😂
He should be shorting any ticker he thinks will rise
😂😂 no hedging
lol
It’s a tradition to come back and watch this once in a while
Thanks Eddie, make sure you’re subscribed to our channel for more videos about trading in 2021!
Indeed it is. Re-watched it about 5 times over now. I can't get enough of it.
Back when i first watched this series, it was for entertainment ... but now, im watching it as a pro, i totally understand every terms and what's on their screen
@@TsarOfRuss Same, I remember that feeling too way back. You learn alot in 3 years. :)
I watch it everytime I plan to open a position to regret it 😂😂
45:56 Anton's face when Simon walks in and says, "I've made a small mistake." 🤣🤣🤣
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with Betty Sue Blanchard ‘ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Most likely, you can find her basic information online; you are welcome to do further study.
tell us moree please. How you doing now??
Simon buddy just keep your savings and retire don't give it to the markets
Probably dead now. RIP innit.
@@muscleandmath2910 still kicking not dead
@@muscleandmath2910 it really do be RIP innit
@@mt_gox nah he's fine look at his Instagram with 15000+ followers traveling around the world
"May as well leave it in the bank with a 5% interest rate..." - He had no idea 2020 would have a 0.10% interest rate
my account's on 3.5%
@@AdrianDucao A US bank? Which, if I may ask?
@@nestorf.6024 i do banking on offshore accounts
Yeah same 0.10 percent 😅
@@AdrianDucao Still better to leave in an s&p 500 etf/index fund
It's pretty bananas seeing them call in their positions on actual phones. Hard to imagine doing that day trading now
right? i was thinking the same thing, who calls anyone to make trades? how old is this video?
it's unbelievable coz it was just a couple years ago
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And only from 2009 too! Crazy..
Hahahah
"It might as well be in the bank earning 5%". Truly a product of it's time
Coming back.
@@wilhelmnurso5948 Finally earning 5% again. Cheap debt losers can get fucked!
@@wilhelmnurso5948its back
@@wilhelmnurso5948 yup currently get 5% in the bank again!!
It's back bro. Wealthfront has 5% atm
*Give a bunch of completely new traders your money, then act surprised when they lose it*...
And make a load of money from your documentary.
Steve Hove Anton know exactly that all of them will fail.
Fuck banks. They're never getting my money!
No technical analysis just randomly buying and selling this is pure gambling not trading.
Keep Simon and do the oppposite of his trades but higher. Guaranteed profits for team!
get simon to suggest trades then short whatever he says :D
i thought about this to myself in my first couple weeks
@@homelander7506 Simon says going up..you go short & make the bacon on the going down
Hes a lovely bloke, but just so not cut out for trading.
Go short on everything that guy touches
" The money might as well be in the bamk earning 5%". LMFAO
If only!
Probably better than -5 imo
@@frankoniko8158 and inflatiob
Haha! It's 2021 & Barclays bank has reduced interest rates to 0.01%. ...reduced from 0.10% they offered in 2020.
I would actually be happy if the bank offered 5% instead of
@@pasannathoughts now?
I wish they had something like this in America instead an flood of real estate shows
Some socialist democracy needs shows like these sir.. U are in America mate the capitalist country.. U don't learn from shows like these u invest n teach rest of the world..
They don't want the masses in American to get any ideas like that look what happened to Poker when a everyday average hard worker like Moneymaker won every body started to play poker then later online poker was regulated and not allowed in the US (for real money). they don't want too many people to make money the Rich lives off the poor.
You can't get stock shows on TV in the USA. You can only get stock shows on RUclips and Vimeo. With Smart TV's, TV's with HDMI connections, laptops which connect to TV's and large screen computer monitors, you don't even need TV anymore. *It's mostly **_crap_** unless you like seeing the umpteenth rerun of Cops or The Simpsons.* I cut the TV cord in July 2017 and I don't miss it at all. My primary source for nonfiction is RUclips and Vimeo. My primary source for fiction and long documentaries is Amazon Free Prime.
CognacQ lol real
every town thinks same..but we dnt know where it happened other than video they produced,,but i like the voice of narrators...
"iam a perfectionist you know" aka "iam not secure enough to finish what i start"
This is me lmao 😢
I day trade every day, 1-2 trades at a time, rarely hold a trade over a day. Love it. Risk control is KEY..
Still going?
@@leeshepherdtrading still in and out. A lot of out these days. In now, at 116. I got out a 170 before
@@thaiiexpat10
I wouldn’t know what those numbers are mate without any context. But it’s always better to be out of a trade wishing you were in than in a trade wishing you were out.
Day trading is more controlled by machines and algorithms also fluctuations are huge,much better to go for a longer time frame 😉
@@thaiiexpat10i bought at 399 and now there is a thing in norway. so i got out last week at 73828
Seriously underrated show.
Thanks Taylor!
@@lexvandamofficial give me a chance and you won't regret about it........!
I remember when I first start trading, oh my god did I suck. The array of emotions I went through, up and down constantly. Mostly down. Lol. I will say this. The most important things to master in becoming a trader is money management and trade psychology. You need them both.
True
...BUT i GOT HooKed ... HooKed ...Line and ...sunK...that ...is...he...he...he...'''p.s. WHAT YOU LAUGHING-...at...Lol'''...silly...rabbitt...!!
Thank you for your advice
Yes, see the trading psychology episode within the course www.milliondollartraders.com/series/stocks
agreed!
Love it, this series made me start trading so far up from $1000 to $10k in 3 months with 33 Signals. Lets see if i can get to the 1million mark within 1-2 years.
all the best hopefully i catch on to it soon
"one's got shit for brains and the other one's crying"- lex :) fav part of the episode
I don’t think we appreciate the fact that their trading right at the start of THE 2008 recession. Very very very difficult market conditions to trade.
What goes up comes down
Welll... Just short everything 😂
If there is volatility, there is the opportunity to make money.
Imagine how stressed they would be if they were playing with their own money :D
Another level of stress!
🤯
It's less stressful as you're not responsible for someone else and answer only to yourself.
Handling other peoples money is more stressful.
"i thrive under pressure actually."
"what is 32x32?"
"my brain is just not functioning right now."
If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!!! And you" will thank yourself.
Crypto trading is very profitable when you trade well.
The only safe reliable,genuine and highly experienced expert I can refer you to is Mr Brian carruther.
@@sarayeng3220
Wow!! Impressive you trade with Mr Brian Carruther too! I thought people don't know him that well.... he's really awesome!👍
@@tylerchampion2939
You don't have to be surprise because I'm also a huge beneficiary trading with him , I keep on earning $15,000 every single week with is trading platform.😊
I Came across him on Facebook but never knew he was this good, just happened I met him and decided to give him a try.
Whatever about the participants, it's obvious that Lex himself has learned the most from this experience. Instead of paying people a wage and teaching them how to potentially lose his money, he now gets them to pay him for a trading course so they can lose their own cash. And if he makes enough money from that then he doesn't have to risk as much in the market himself. Genius!
Trading is a hard way to make easy money.
If it was easy, everyone would be rich.
It's easy once you get the hang of it tbh.... But for absolute noobs, it will be rough
@@Ijaf98 No it is not. Find me a professional trader who has a hang of it and thinks it's easy. When you work at a Hedge Fund or a massive Investment Bank and trade millions of pounds every day, it is never easy.
@@Ijaf98 Spoken like an absolute noob
@@ZygimantasA yeah markets are unpredictable, but the better you are and the more experience ypu have you can understand your markets a bit more but yeah, he's not right all traders find it hard
@@ZygimantasA What about retail traders? Since they are not working for a massive investment bank, do u think it would be easier for them after getting the hang of it?
We need a 2021 remake of this!!!
Mkt Cap is double GDP ATM. Be careful out there folks.
Everyone would just spam Tesla options xd
Buy NIO and TSLA
including cryptocurrency would be good
🚀 🚀🚀🚀🚀🚀
I just wanted to state there is nothing immoral about shortselling, it’s actually not only ethical but necessary for market efficiency and balance. It creates an incentive for companies to behave themselves because there are people looking at them scanning for real mistakes. companies that shouldn’t be there are either prevented or taken out by that. Shortselling is heroic in a way 🙃😂😄.
When he said "The big firms get their pound of flesh" I felt that.
Everytime Simon goes long on a trade the boss shorts it to maintain profits.
🤣🤣🤣🤣🤣🤣🤣
A new season of this show in today's times would be perfect. This topic is more relevant than ever, and it would definitely have a large audience today. Hugs from Brazil.
I enjoy these types of shows. We need more.
RIP Mike Tovell, gone too soon.
As an investor, I sometimes wonder how top-tier investors become millionaires through investing. I've been waiting on over $545K in equity from a home sale and I'm not sure what to do next; is it a good time to invest in stocks, or should I wait for another opportunity?
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
@@KevinEvans-mq4ob How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@KevinEvans-mq4ob She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
75% of traders lose money. Most brokers will sneakily do the opposite trade of all their clients, because it means they will win 75% of the time. Therefore, Simon would be a broker's wet dream.
now this has got me thinking lol
more than 75%
that and they give leverage to clients so they blow their shit faster haha
hahaha...just leave the old man alone
What would be The opposite of
buying some shares of a stock
ur client’s not a shareholder of?
I wish I was in them. But anyway I start trading in 2020. And soon enough I will be successful. It's hard and lonely way but just don't give up
They should do this show with "trading gurus" on RUclips !!!
I agree! That would be fun - if you think of any who might like to participate, let us know. LvD
@@lexvandamofficial I'm not a trading guru but I'd love to participate
@@lexvandamofficial bitboy lol
RIP Michael (Mike) Tovell, you'll be missed.
Just incase you were wondering the narrator is Rick Grimes (Andrew Lincoln) from The Walking Dead!
Alexander Cummins for real 😳
2021 will see a few more of those.....:-))
I'd love to see another series of this.
I really would love to see a second season with a new set of contestants.
It reminded me my start. I have to say that trading destroyed me and built a new person. Stronger than ever.
This show was one of the reasons I explored trading, no regrets!
Glad to hear it!
Indeed.
It wasn't something I ever looked at before or even pictured being interesting; how fun can watching tickers be? Plus throughout my teens and 20's there was a certain barrier to entry, and I'm only 31, but now with non commission apps and much better software that barrier is reduced even more. Especially if it's just a hobby.
Now I'm pretty much addicted. I only play with what amounts to pocket change for people really in the game - £500 - but I'm up 30% since I started mid January this year. Since I've not invested much it's not really about the money, but more the addiction of how news, recent tech developments, and so on all have an impact on the market, and the feeling of getting something right, entirely based on constant flowing information is a great feeling.
Are you hold doge coin ?
@@Lifeisajourneyofexperience foolish hoomans got fooled with my coins. 😆
If you think it's morally wrong to short you should not be in the markets at all.
Their mistake was they weren't collaborative. Everyone doing it individually, instead of a team.
An easy way to multiply 32 by 32 is: suppose you have to multiply two numbers of two digits ab*cd, the first step is a*c=e*100, then b*d=f, then you multiply a*d=g*10 and b*c=h*10 after that you add everything up, in this case 32*32, so applying the method will give us: 3*3=900; 2*2=4; 3*2=60; 2*3=60; 900+4+60+60=1024. Not that big of a deal once you know the algorithm
Or just 30*30=900+30*2=960+2*32=1024 easily solved in less than 20 seconds with just your head. Winging it with "approximately 1000" would be ok as well but the guy who thinks 32*32 is nearly 10000...his brain really isn`t functioning
I've watched this show several times and I still find it unbelievable the lack of appreciation some of these applicants show. They had the opportunity of a lifetime!
It is a great opportunity but these people don’t understand what they are doing
That was the point, they were selected as complete novices!
Funny hey!
😂They are totally untrained and being pressurised to place trades. It's all just entertainment. They're like a person who is told to swim without actually training them how to swim 😂😂😂
"Who can cry for an hour and a half?" hahah!! Now I'm crying! Dude I cried in anger when I lost my first 5K. So, I get it...
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
Why did simon buy British Gas, while Cleo sold British Airways if they new the oil price was rising? Did they not confer or think that these two companies are both very reliant on fossil fuels, whose prices are rising?
Cleo was right. She made money on that trade.
That was simply because he bought those shares before the bad news about the middle East instability came , so he got hit really badly when it occurred , he should have closed his position as soon as he knew ;)
He wasn’t acting
like part of a team
Simon has shit for brains
Hedging mate
Remember watching this as a 20 year old when it first aired and I've specifically sought this out as I've just started my trading journey. Would be good to do it again given the surge of new retail traders and the interest it's generated since the pandemic.
Absolutely! We would love to do a new series, and it would be great to take things online for the digital era. Be sure to subscribe to our channel for more videos (in case you haven't already) as we're posting on Tuesdays and Thursdays each week
How has it gone?
@@lexvandamofficial I'm wondering if you are still happy to put down 1 million for some random people to trade it all away.
@@pib50051
Either it’s gone very well and he’s too rich and busy to respond or……. 🤷♂️
How has your trading career played out? Are you a professional trader now? I myself have started my trading journey 2 years ago and I'm looking for a quant trading job in the near future.
It's a yearly standard for me to come back and re-visit this series, where it all began for me and still entertaining to this day
A Series like this needs to be made to help people understand today’s market conditions. It’s amassed me the bbc or any other channel hasn’t made a type of programme like this
At frame 30:49 "I bought some shares (1000) in Alliance and Leicester.....and that made the price go up"....LOL.
Lol such an amateur right
Totally enjoyed watching this couple of years back. I have said forever how I seriously wish that our public school education departments in the USA would mandate that students must have at least one semester credit of Basic Personal Finance and Economics in order to be illegible to graduate High School and receive their High School Diploma. I strongly believe that it would help by reduce the number of personal bankruptcies we see filed every year that occurs from poor money management, spending and finance choices. Students would leave high school better prepared to succeed financially by their having learned about Economic and Finance. Just my feeling on this.
I think you just answered the question as to why they don't. How can one control individuals who don't require debt?
Oh they are starting to now, my friend teaches that class as he has an MBA. Prob is, the kids are extremely rude and he says most don't seem yo care.
If people arn't doing their due diligence properly then its a reflection on the training and guidance they have been given ...
This is the show that needs more airtime!
control the emotions. keep to you rules that are working for you ... know market pyschology ... symmetry ... cut quick ... base hits ... there you go!
And here we see the stark difference between trading on paper or in a demo account and doing it with real money.
Thank you for watching the MDT series and your thoughts!
If this is of interest: please do not hesitate to visit the Academy on www.lexvandam.com for more educational content as this festive season we offer 60% off for our flagship MDT Course and 6 months of complimentary Trading Club membership.
Best regards,
LVDTA Team
@@lexvandamofficial I am saving up for the tuition.
It is special to see that the experts valued a woman to have the best potential in trading, the majority of women are indecisive and that would not be good within trading.. and we can see it here as a prime example!
This show literally gives me adrenaline rush every time. I, myself, is an investor in the market and I can feel everything that goes into it. No doubt about that
I'm a trader and all I see is sheer stupidity. Working with this much money is a terrible idea for all of them and should be on sim accounts instead
But where would be the fun of watching that?
It’s helped me know the best way to trade
@@SaggersAlt Exactly, they should have daily drawdown, some market they would only trade or something, things like following trends, IT uncle just thinks he's smarter so he goes against EVERYONE, which is stupid. Also the thing Alex said he never took a lunch brake outside office is fucking mental. You plan a trade, put on it and then forget it.
@@SaggersAltI'm not entirely sure any of this is actually real. Just judging by how casual the bankroll guy is about losing money. They could easily just have their own guys on the other side of the phone calls pretending to place orders. Most prop firms these days make you prove yourself repeatedly before they give you real money to use.
I really enjoyed this series. Hasn't been anything like it about trading for 10 years
Saying Simon has 'sh*t for brains' is harsh. I'm going to big myself up here and say that I'm an intermediate level trader (on FOREX, not stocks); I know first hand that trading is HARD! There are technical, emotional and psychological challenges to overcome! I applaud anyone brave enough to give it a shot, especially on national TV! 🙌🏻
Being called ‘sh*t for brains’ shouldn’t phase you then. 🤷♂️
❤.. yes I agree. Many traders, even the best have become flustered. Very harsh and disgraceful to say that about someone.
You need guys like these to keep the quants rich and entertained.
As a trader if traders gather like this and watch charts and news all day I honestly believe their success rate will be small
"some of the stuff they're doing is nuts!" -Guy on phone at 4mins hahahhaaha
Damn, they just gave away a lifetime opportunity.
Lex van Dam was the first prop firm! Nowadays they are everywhere and anybody can take a chance! The success rate is dismal but the few who make it end up very successful.
Extremely interesting that they happened to film this during the 2008 crash
Simon's mistake was not starting his long or short positions, with "Simon says..."
ha!
I enjoy coming back to this video series after 5 years of trading. Anton remains entertaining as ever on Twitter and Lex continues to trade and educate. With Covid lockdowns, I’m glad I stuck through the learning process because I can’t leave the house now!
Thanks! Good way to channel your energy at the moment - learn and emerge stronger
@@lexvandamofficial Yessir, you da man Lex!
You still a trader
One thing I learnt about trading is, if you cannot control your emotions or don’t know when to stop the bleeding, no amount of quant skills, TA, or combinations will save you.
47:05 who can cry for an hour and a half?? 😂😂😂😂
Women
@ yeh buddy lol
Women can.... I am women....
@@mannycalavera121 xD
whamen
Please do another. This is amazing.
The fact they have to call their broker to place the trade makes me giggle.
How difficult it was
Great show. People that have no trading experience, cannot understand the stress. In this series, people are collapsing under pressure!
Mike trades like he's calling in fire support, what a boss (despite the loss).
This is a good series
Glad you liked it!
Wish they made a follow up series. Can remember watching this when it first came on. Always thought it had the potential of The Apprentice
@@lexvandamofficial please consider another series but this time make it clear to the contestants that people MAY be kicked out if they dont perform well
Uy andito si JP haha
@@lexvandamofficial will you ever do this again? its one of my favourite shows
They should get all the internet day traders together and make a week long trading special like this.
We're working on the idea! Stay tuned
As an 18 year old trader this keeps me motivated, nice content.
How’s the equity curve going lad?
know you are sucesful trader or not..
@@monudahake9553 turned 3k into 39 but im focusing on getting my bachelor in statistics now. I am just holding now not trading, I'll get back to it as soon as I finish my studies.
"Million Dollar Traders" with trades of £250 - but I like this show, as an introduction to this world
Thank you for visiting our channel. We hope to see you for more on lexvandam.com where we offer the Million Dollar Traders online course training and the Trading Club membership. Happy learning!
this is not clear view of what trading is, the focus here is a social experiment gone wrong, entertainment basically.... there are better ways...
@@vooshmoozik6185 you're right.. Trading is not so stressful when you're alone at your home..
@@BdanBlue trading is stressful anywhere, as long as you're risking your money it will always cause stress, what i said above is differentiating between a show and real life, do you really think an institute would give a million dollars for rookies to trade? these firms have zero tolerance policy, half of those people would have been fired almost on the spot, trading market is on high demand, can't make mistakes because you can be replaced in a heartbeat
I watched this series 5 years ago when I started trading. It's insane how much they have to learn (or rather how much what not to learn) in just a few weeks.
Thank you for watching the MDT series and your thoughts!
If this is of interest: please do not hesitate to visit the Academy on www.lexvandam.com for more educational content as this festive season we offer 60% off for our flagship MDT Course and 6 months of complimentary Trading Club membership.
Best regards,
LVDTA Team
Understanding that this was some years back, It seems nobody was using any technical analysis like trend lines or moving averages and that everything was done based on the news and fundamentals? And why did they need to call a broker to place a trade? Was there no platform available then?
platform trading applies to retail brokers who are considered middlemen between you and the market, and an inferior way to trade if you're an institution, plus... i think it is a tactical thing to make trading decisions more formal than clicking buttons with no real thought behind it
but the psychology doesn't change. and the emotion and risk management. Its a benefit to see how untrained eyes and minds view the market.
@@Dimsum365 stocks, forex, indicies, commodities are all different and move differently.BANKS move the markets NOT FUNDAMENTALS lol bank volume, bank tricks, bank "news"(fundamentals) are all used to trick retail traders into thinking they know what they are doing.
works everytime....
This is a really old video I watched like 13 or 15 years ago. Times have changed, now platforms offer automatic fills that bots will fill for you. Back then, computer platforms weren't that advanced yet. That's why you have the phone calls and the stamps that you have to turn into your boss, because that is how it was done back then. Nowadays, it's all automated. Everything is done via computer, and your daily reports are all automated, everything is automated now.
For the comments saying that phone calls have their benefits and that's why....... I've been trading for years, it's way faster to trade with hot keys and using platforms like thinkorswim than to make phone calls lol. Anyone saying phone calls have their benefits, like they truly TRULY have noooooo idea what they are talking about lol. If you want to be a day trader, you are not making phone calls for trades. You have never day traded a single day or your life if you think their is an argument against what I'm saying. Platforms nowadays are capable of doing anything, ANYTHING someone on a phone can do, but way way way faster (which is super important, it is actually so important that you won't be able to day trade without fast order fills that platforms provide, it's impossible). Don't listen to these comments coming from people who have never traded a day of their life and are going off assumptions.
I saw a wedge drawn on one of the guys screen, don't remember where. They are prob using basic technical analysis to help find entry points. They made a point in the beginning that everyone will trade differently, and fundamental analysis is probably what most people believe to work best, so it's natural to see people trade based upon news more so than technicals.
After i watched this way back 2019 i looked lex van dam course on torrent and able to watch his trading course. Pretty straight forward and i was able to incorporate 1 out of 5 trading Criteria he uses
This shows very well what trading is .
this is so cool, watching other peoples emotions in play, stock market shows you alot about yourself then anything i can think of
So far, as I learn about trading, I’ve come to find out that Alec Payden’s methods and knowledge are the reasons I’ve been able to earn. No doubt, I’m going ahead with him.
I lost count as to how many times I watched those series, and still find it fascinating.
I truly wish Lex will do another series like this in the near future.😍❤️
Let’s do it!
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me too!
me too
Anton is the best... Good man.
HAHA! Mr. Ethical talked a big game about awful it is to take a profit in the markets.... Started making money and quickly began to grin from ear to ear... 😂
Putting Simon up against the stock market was like putting your grandma up against Mike Tyson. He's polite, clueless, carefree, and timid. All horrible attributes to have as a trader.
you watch too much movies man, a trading room is a very quite place, we don't need some exited guy that will defocus other on their tasks.
@@fiaadmin92 I'm talking about the mindset needed to trade the market, not work in a trade room. You need to be methodical and emotionless. "Long position. SL/TP is this. Get out if this. Next trade."
Simon is "Oh goodness, dear. Oh bollocks. What do I do? It's not going up. Oh heavens. Maybe I should sell some? I don't know."
@@TenTonNuke bollocks
Wasn't expecting Anton Kriel, nice!
If I am correct I believe this TV show was made 15 years ago, I remember when I first watch it, and now I am watching in it with a total different angle as I have, myself, much more experience on the trading field than in 2008
27:24 "It might as well be in the bank earning 5%".
The interest rate dates this program even more than the traders dialing up a broker on the telephone.
I can't even imagine getting 5% in the bank any more...
nice watching old school money management in action
i dont see him teach them any trade techniques,just watch news and win off that
never trade news
Nah, at 32:00 Simon says exactly what it means to be a trader, homework, analysis and then taking positions. Means they did got courses about how trading works. Even if they didnt talk about patterns, indicators, money management, risk reward and shits, I still think they did got a base of trading education.
At the beginning (watch at 6:00 again) they clearly started with a course of education by several different traders. Obviously that education wasn't going to be broadcast to all of BBC. And of course there's a ton of editing that goes down, just to keep the "exciting" parts for consumption instead of all the "boring" analysis stuff.
The course is available at www.milliondollartraders.com/
Iron fitness why
Great video thanks for posting
I trade while taking a sht. What a time to be alive.