5 Best Platforms for Trading Forex on Mac
Live Traders Review: Is Live Traders Legit?
Live Traders is the name of an online trading firm that also acts as an educational platform for professional traders all over the world.
The platform went live in 2015 and is run by two successful traders with decades of combined experience in trading whose names are Jared Wesley and Anmol Singh.
This firm aims to give its users transparent services which means that all profits and losses are well maintained and out in the open for their users to look up whenever they want to.
Live Traders also have a spectacular educational section aimed to give their users the best trading experience which can be seen by the various trading courses that are available on their website that are guaranteed to fulfill the needs of any traders regardless of their needs and styles.
The most popular feature that we will talk about more in this Live Traders review is their notorious live trader room where you get a court-side view of the way things are done by the professionals at the Live Traders headquarters.
Live Trader Review: The Idea Behind It
Live Trader’s creators Jared Wesley and Anmol Singh strongly believed that the forex trading would become the most sought after form of financial trading as potential forex traders can virtually access the market from anywhere without much hassle.
All that is required for someone to start trading forex is a good internet connection, a trading account, and a device that will connect you with the foreign exchange market when you command it to.
Another reason for their faith in forex was that anyone can profit from it at any given time whether the economy is good or bad. Take the example of George Soros who became a millionaire overnight when the British pound sterling was going through a rough period.
Taking all of this into account, Jared and Anmol pooled their resources and Live Traders was born.
What Live Trader Offers You
Forex Pip Mastery Course
The Live Traders platform offers its users a variety of educational courses and materials related to forex trading.
For instance, their most popular course is the Forex Pip Mastery Course which covers a variety of topics that will come in handy for forex traders in their careers.
The various topics covered in this course are Risk Management, Daytrading Strategies, Swing and Long term trading strategies, essential trading rules, fundamental analysis, technical analysis, trading chart basics, indicators strategies, and tutorials on setting up platforms.
The course is priced at a handsome price of $697 on their website.
Live Traders Live Trading Room
The Live Traders platform has a special private online room made especially for its users who are familiar with the basics of trading in general.
The live trading room is available to users for a monthly subscription of $97 per month but you can also go for a free trial to see how things work there before making any commitments.
The Live Trading Room has a daily schedule that goes something like this:
- 9 a.m-9:20 a.m: Review the morning market as well as the gap list of the day.
- 9:20 a.m-9:30 a.m: The gap lists are filtered into high priority lists for the first entries.
- 9:30 a.m: The market opens and trading commences.
- 9:30 a.m- 10 a.m: Trades are done especially from the high priority lists that were prepared earlier.
- 10 a.m- 11 a.m: The traders manage their open positions and trade from their secondary lists.
- 11 a.m-12 p.m: Trade reviews are done and all open positions are observed and managed in the background.
- 12 p.m-4 p.m: The room is now free for all members to gather together, traders usually share their views and ideas as they interact with each other. Communication is mainly done via chat.
The live trading room is an excellent place for beginners to get their feet wet in forex trading. They get to see what forex trading looks like in the real world and most importantly, they get to interact with the professional traders, one on one and clear up any doubts they have in an instant.
This is very helpful for beginners as all the knowledge they could ever want is right in front of them and they don’t have to prowl multiple forums and go through stacks of comments just to get some knowledge.
Live Traders also completely transparent about the trades that take place in the live room. Every trades are tracked on a spreadsheet and the users are free to ask any questions they may have from that data.
Auto Trader Copier Service
Traders will be delighted to know that Live Traders also have an Auto Trader Copier service available on their platform for registered users.
What an Auto Trader Copier does is mirror the trades from the server with 100% accuracy. This, however, requires both the sender and receiver are on the same Virtual Private Server.
With this tool, it becomes possible for beginning traders to mirror the trading decisions of the pro traders who work at Live Traders and analyze all their decisions from the comfort of their homes.
This system is also fully automated so you don’t have to put too much effort into it.
Trade Signals & Opportunities:
Apart from the rest of the services provided by them, Live Traders also provide their clients with trading signals which is a kind of notification system that helps traders in determining the most profitable entry points on the market.
The goal of these signals is to ensure that traders make as much profit as they can walk away from the trade without losing their profits.
The Live Trader Platform provides services with forex, stocks as well as options trading.
You can easily get in touch with them by scheduling a live call with them as per your convenience.
All you have to do is select the day and time that works for you and wait for the Live Trader team to give you a call at the appointed time.
Keep in mind that they will only call you once and you may have to make a new appointment with them at a later date.
Conclusion Of Live Traders Review: Are They Legit Or Not
The answer to that question is yes, Liver Traders is indeed a legitimate trading platform that budding forex traders can sign up for without any problems.
The two people who founded this firm, Jared Wesley and Anmol Singh are prominent traders who have been active in the industry for more than 10 years.
Jared is a graduate from Boston University with more than 14 years of experience in various financial markets while Anmol is also a successful trader who has been an active participant in various financial markets since his college days.
Both of them have been featured and invited to talk about their experiences on radio shows and podcasts as well as other prominent organizations such as Reuters, Yahoo Finance, Benzinga, etc.
The Live Traders website also boasts about being recognized by various business news portals such as Fox Business, Forbes, Bloomberg, Yahoo Finance, and many more.
Hence, it can be safely determined that Live Traders is a legitimate platform for traders who can provide you with the best possible trading help and other services on the market.