I have just had my most profitable week trading ever, and it is in large part due to the excellent training I received from “Trade with Precision”.

This week also marks 2 years exactly since I took my first trade and sent it in to TWP for assessment. Back then, I had 3 in total that I thought met the rules, 2 were losers and 1 a winner. The mentor didn’t like any of them and this helps to show what differentiates TWP from the rest. They don’t just show you a set up and say “now go make a killing”, instead they are there to train you until you are competent.

TWP has put together a very good education system, taught by real live, actively trading traders. They show live trades (PP sessions) they are taking, why they are taking them and how they are going to manage them. You quickly learn that not all trades are profitable, even when taken by experienced traders. However if you follow the correct processes, manage your money carefully, use strategies with a positive expectancy and most importantly persist until you learn how to put it all together; over time you can make money.

So, what do I think are some of the benefits of learning to trade using TWP to teach you:

1) It is a full program that takes you from absolute beginner to having the knowledge to place trades as a professional would. After about a year I was talking to a friend who had been trading for 5 years and he was amazed that I was able to talk about things that took him 5 years to learn.

2) The course is taught by traders who actually trade for a living. Luckily for us they also like to help people to learn how to trade. Most of them learnt how to trade through TWP and they enjoy “giving back” to help others through the process they went through. TWP strategies can be applied to all markets and all time frames so you are not confined to a computer screen all day in order to make a living.

The method of trading that TWP teaches, allows them to earn a living plus have plenty of spare time to do other things during the day. One of the ways they use this time, is to help others to learn so they too can enjoy the benefits that trading can offer.

3) Mentoring on an ongoing basis. You aren’t just taught a strategy and told “now go do it”.

Instead you are taught by different mentors on a weekly basis about the different trading strategies and what makes a good trade (whether it was a winner or not). Having different mentors allows you to learn the slightly different ways they each trade and so you get to learn more than if taught by one person alone.

They mentor you by assessing “screenshots” that are sent in by you and others. You are taught how to take screenshots of the charts “as they are” as a trade sets up (i.e. what you are seeing in real time). These are then sent into mentoring where everyone’s trades are assessed live and shown via video link on computer. This is an extremely important part of the teaching you will receive from TWP. It is almost like being taught “one on one” by an experienced trader. You get to hear what they think about the trade and can ask questions by typing in during the session.

You may think you are applying what you have been taught correctly, but initially you rarely are. Not only do you learn what you did right and what you did wrong, but also you get to see what other people have done (you can be anonymous), so you can learn from their mistakes too.

In addition you can go back over hundreds of hours of mentoring archives to learn from these as well. You can you assess each trade yourself before seeing the outcome (or the mentor’s assessment). This is a great way to learn and cement the strategies in place – repetition and practice. I spent hundreds of hours listening to these archives (and ongoing live mentoring) and took notes that have become a valuable resource to me now.

An example of how the mentoring helps, was during a period when I thought I was trading set ups that met the rules correctly but ended up with a string of losses. Nick took the mentoring session and quickly nailed the problem. The setups might have met the rules but I was missing the first and most important but often overlooked factor – there was no consistent trend to take a high probability trade on (not optimal chart structure). It takes time and experience to pick these things and this is what we lack in the beginning.

As an aside, while learning to trade, I have come across several people who have paid hard earned money for TWP courses and then not taken full advantage of all the training they offer. They don’t attend mentoring sessions or look at the archives or send trades in to be assessed. I trained (qualified and practiced for 22 years) as a Veterinary Surgeon and I know you have to put in the effort in order to be good at something. Paying for a course and then not doing the training is not a high probability outcome. You might as well spend the money on a holiday if you aren’t serious about putting in the effort. Not many become profitable as traders so the odds are against you from the start. In my opinion, to even have a chance, you have to do what it takes, which means getting good teaching, learning good habits, putting in the time to gain experience, review to learn from mistakes (and what worked), always be working to get better, have a conviction you will succeed and persist.

4) They teach important aspects of trading that many neglect to. The more I learn, the more I realise how there are many other aspects of trading that are as important, if not more important than just setups:

a) Psychology. I thought I would have no problems with this as I am a fairly stable sort of person who thinks logically (I think anyway) and I couldn’t see how anything to do with emotions could upset my trading – look for a trade, put it on and take the profits.

It doesn’t take long to discover this is one of the most important parts to trading- how would you react after 5 losses in a row and then another trade comes long? Would you be tempted to take profits as soon as you got some just so you could have a winner (instead of letting it go further) or would you even avoid taking the trade altogether?

TWP helps you learn about all these challenges and how to handle them and they have access to experts who give whole courses on this subject if required.

b) Risk and money management.

The importance of the amount of your capital that you risk on any one trade is stressed over and over again. They suggest you risk no more than 1% on an individual trade. This is such important advice.

On my first trade I risked about the cost of a kiwifruit by mistake; not knowing my trading platform well enough. For a long time I risked about the price of a coffee because I wanted to learn to get good at trading without paying a high tuition fee in losers. Being conservative (frugal), I could learn my lessons just as well from losing $5 and as I could from losing $100 and it cost me a lot less. TWP may not agree with these amounts but they emphasise what the professionals risk, that we should do what they do, and if we do, we will be around long enough to gain the experience to become a consistently successful trader.

c) Trading records and screenshots. They teach you about the importance of records and keeping screenshots. I have found these to be very valuable to enable me to look back on. I can see how my trading has improved, what has worked and what hasn’t, and it has provided a great resource to analyse for improving my trading in the future, for example, the percentage of winners for lower time frame trades when the daily has had a big move compared to when it is just starting to run.

TWP asked for references and I am happy to give one as I know through being a vet that “word of mouth” recommendations are the most important source of clients that there is. People only recommend someone if they are happy with the service and I have received fabulous teaching and training from TWP. If it weren’t for them, I wouldn’t have managed to get anywhere near as far with my trading as I have managed to date. I still have a long way to go but I have been given a great foundation to build on and ongoing support is there for me if needed.

By giving a recommendation, it may help others to make the right choice to give their trading ambition the best chance to succeed. When I first became interested in trading I searched the internet for reviews on trading companies. The one I had read about in a book turned out to have lots of bad reviews. I then came across TWP who had only good recommendations. In a photo, I recognised some of the traders lived in my country, rang them up to discuss my wishes and then joined. I am happy I did.

So, if you are prepared to put in the effort, pay the price (time and money) and are willing to persist even when the going gets tough, then I think you would give yourself the best chance at success by receiving your training from the folks at “Trade with Precision”.