Vantaggi
You may learn something useful that you may not have learned otherwise (without investing your own time and energy).
Svantaggi
Total fees are $5,000 for membership paid one time, and $200 per month for desk fees. You are also required to put up an additional $5,000 for risk capital. It will cost you $12,400 to get started the first year. Membership fees include an instructional database consisting of online tutorials and limited mentoring (there is plenty of similar material online for free). The $200 per month desk fees total $2,400 per year. They don't cover trading information or software. Desk fees are more for the biweekly market wrap videos (again, this can also be had for free online). You are given a small amount of money in addition to your risk capital to speculate with. It's difficult to practice reliable option strategies like put selling buy points, or call selling sell points as ideally they require much larger accounts to generate reasonable income. Only a very small percentage of "consultants" (traders) will make it. Most will be out the $5,000 membership fee, the $2,400 in annual desk fees, and more than likely the $5,000 in risk capital. If, when you lose your risk capital, you're either finished or you have to put up more capital. You can succeed, or fail on your own, without paying their membership fee and desk fees. For example, if you get a 100% return on your $5,000 of risk capital your first year, you get to keep 70% of it or $3,500. (However, if you lose 100% you lose the entire amount, $5,000). After subtracting $2,400 in desk fees, you're left with $1,100. If you include the one time membership fee, you're -$3,900 in the hole. Most people are not able to teach themselves how to trade like top Wall Street traders. I would recommend paper trading for months, or years until you have a bombproof system before putting real capital to work. Especially in short duration options contracts (which expire worthless after days, weeks, months etc). I suspect the vast majority of people who've attempted to train themselves, without working in a professional capacity for a hedge fund, etc., would say that those months or years could have been better spent starting a business, or doing something else. Apologies for being long-winded, but I really want people going into this with eyes wide open. I suspect if that's the case, very few people will be applying.
