SANTA MONICA, CA–(Marketwire – May 2, 2011) – Your Trading Room (YTR), a Global leader in providing online foreign exchange (Forex) education and proprietary trading strategies, today announced that its shareholders and Board have named Joseph Nikolson to serve as the company’s President and Chief Operating Officer and member of the Board.
Prior to joining YTR, Joe served as President of Bonds.com Group, a registered broker dealer, serving self-directed institutional and individual investors by providing a comprehensive zero subscription fee online trading platform. During his first year, Nikolson was responsible for growing top line revenue over 400%.
Most notably Nikolson spent over 10 years at TradeStation Group, the sixth largest domestic online broker/dealer, where he held the positions of President & Chief Growth Officer until 2009. During his tenure there, Nikolson was responsible for product management functions across Equities, Futures, Options and Forex asset classes and growing revenues from inception to over $180 million. It was through Nikolson’s ground work, execution and growth while at Trade Station Group that has most recently led to an acquisition valued at $411 million by Monex Group that was announced April 20, 2011.
Nikolson’s prior experience includes working with various financial companies, including Olde Financial Corporation as Regional Sales Supervisor and Derivate Analyst where he was responsible for the valuation of the bank’s swap portfolio. Joe graduated from Cleveland State University with a BA in Finance and an MBA. He is a Council Member of Gerson Lehrman Group and is a past member of Sungard Client Advisory Group.
Richard Waryn, YTR’s Chairman and CEO, said that, “Joe’s joining YTR at this point in the company’s development is a milestone. His experience building TradeStation Group and Bonds.com into significant revenue generating companies and his deep understanding of both the Forex and brokerage industries bodes well for YTR’s future. We welcome his valuable and energetic participation on YTR’s senior management team.
Nikolson stated that, “YTR’s unique selling proposition (USP) lies in the quality of education and 24 hour support had always been the missing element at TradeStation Group and most other brokerage centric business models as evidenced by the most recently announced high failure rate in the Forex brokerage trading industry. YTR delivers the most comprehensive program I have ever seen in the market place with its university class education, curriculum, step by step advancement program, proprietary strategies, 24 hour 5 day a week live online professionally moderated trade rooms and trading team of instructors, moderators and coaches that brings more than 100 years combined experience essential in learning to properly trade the Forex market and develop consistent profitability.
Nikolson went on to say, “I am truly pleased to join the YTR team. The company has a robust and highly differentiated model that is truly timely in terms of today’s opportunity landscape. I strongly believe that YTR is poised for significant growth and a substantive footprint in the marketplace and look forward to duplicating and exceeding the success attained during my tenure while at TradeStation Group.
SANTA MONICA, CA–(Marketwire – Apr 27, 2011) – Your Trading Room (YTR), a Global leading provider of online foreign exchange (Forex) education and proprietary trading, today announced that its shareholders & Board have named Richard H. Waryn to serve as the company’s Chief Executive Officer and Chairman of the Board.
As previously announced on March 30, 2011 Richard Waryn invested in a YTR Regional Distributorship and was appointed Director of Emerging Markets due to his extensive private equity investment background, track record and international relationships. Building on this relationship, YTR has appointed Waryn to step in as CEO to take the company to the next level as a global brand in the Forex industry.
Patrick Braid, YTR’s Senior VP of Strategic Development & member of the Board, said that YTR outgoing Global CEO Ian Spurle and the Board of Directors unanimously appointed Waryn based on his track record and global relationships, as well as his strong executive and personal qualities. “Richard came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record in driving shareholder value. He demonstrated these skills by structuring, raising and managing more than $3 billion USD across 6 funds covering Asia, Central and Eastern Europe, and the CIS Region over a 23-year professional career.
Spurle went on to say, “Your Trading Room is perfectly positioned to become a truly global force and brand in the Forex industry. The need to partner with investment groups that will secure the company’s evolution and business plan is now. Waryn brings significant and unique skills to this position. His business credentials speak for themselves and are ideally suited to this role with extensive leadership, execution, emerging market and finance experience. I am excited by the opportunities that will be presented to Your Trading Room in the future and sincerely believe that the company will be second to none with the introduction of a wide variety of new and innovative products currently under development.”
Waryn said, “Ian and his team have done an outstanding job of growing this company from an early stage startup to a well recognized Forex trading company in Australia. The next stage of YTR’s evolution will see growth in many new markets including North America, Europe, Russia, China and other emerging markets. Our research and development team are also working on some very interesting new offerings that will be launching in the near future. As we grow we continue to attract outstanding new talent to YTR. I am very much honored that the Board has asked me to play a more pivotal role in helping to shape the company’s future.”
Richard Waryn Bio
Previously, Richard was a Managing Director of Dubai Capital Group’s private equity activities in the CIS Region. Dubai Capital Group is part of the sovereign wealth structure of the Emirate of Dubai. Richard was also the co-founder of several successful emerging market fund managers including Troika Capital Partners (Moscow) targeting private equity investments in Russia and Centurion Capital (London) targeting private equity investments in Central Europe and Russia. At Emerging Markets Partnership (EMP), he helped launch the US$1.1 billion AIG Asian Infrastructure Fund in 1994, the world’s largest emerging market private equity fund at the time. At EMP he also worked on the US$1.6 billion AIG Asian Infrastructure Fund II and the EUR 550 million Emerging Europe Fund. Earlier in his career Richard was an Investment Officer at the International Finance Corporation (IFC), the private sector part of the World Bank Group and a management consultant at Booz-Allen & Hamilton.
Mr. Wayrn was also an adjunct professor of International Finance at Johns Hopkins University and at the Georgetown University School of Management, both in Washington, D.C. He holds a Masters degree in Applied Finance and Economics from Harvard University and a BS with honors from the University of Toronto. Richard was the Chairman of the Uplift Equity Investment Committee and also served as a Member of the Supervisory Board at Escada AG. He also helped raise the $100 million Blue Oak China Fund where he currently serves on the investment committee.
ABOUT YOUR TRADING ROOM: YTR is an international provider of online foreign-exchange financial education, training and proprietary trading services. Dynamic and forward thinking, our company is a reflection of our brand promise, to empower traders globally. This is the foundation that underpins every decision YTR engages in across its broad range of stakeholders. Our difference, market leading solutions supported by four key disciplines: research and development, proprietary indicators & strategies, education & training and live professional coaching. Our LIVE trading rooms provide a superb framework of live support throughout a 24 hour 5 1/2 trading days a week so that all traders, new and established, can take advantage of our knowledge and professional traders.
SANTA MONICA, CA–(Marketwire – March 31, 2011) – Your Trading Room (YTR), a Global leading provider of online foreign exchange (Forex) education and proprietary trading, is pleased to announce that Richard H. Waryn has acquired a Master Distributorship to market YTR products and services throughout Arizona, Colorado, Utah, New Mexico, Alaska and Hawaii and will also be appointed Director of Emerging Markets given his extensive background in private equity and his extensive international relationships. Mr. Waryn, a distinguished private equity fund manager, has over 23 years of professional experience including 17 years in emerging markets private equity and has raised more than US$3 billion across 6 funds covering Asia, Central and Eastern Europe, and the Russia/CIS Region.
Previously, Richard was a Managing Director of Dubai Capital Group’s private equity activities in the CIS Region. Dubai Capital Group is part of the sovereign wealth structure of the Emirate of Dubai. Richard was also the co-founder of several successful emerging market private equity fund managers including Troika Capital Partners (Moscow) targeting private equity investments in Russia and Centurion Capital (London) targeting private equity investments in Central Europe and Russia. At Emerging Markets Partnership (EMP), he helped launch the US$1.1 billion AIG Asian Infrastructure Fund in 1994, the world’s largest emerging market private equity fund at the time. At EMP he also worked on the US$1.6 billion AIG Asian Infrastructure Fund II and the EUR 550 million Emerging Europe Fund. Earlier in his career, Richard was an Investment Officer at the International Finance Corporation (IFC), the private sector part of the World Bank Group as well as a management consultant at Booz-Allen & Hamilton.
Mr. Wayrn was also an adjunct professor of International Finance at Johns Hopkins University and at the Georgetown University School of Management, both in Washington D.C. He holds a Masters degree in Applied Finance and Economics from Harvard University and a BS with honors from the University of Toronto. Richard is an Investment Committee member of the Blue Oak China Fund and a member of the international advisory board at Tri-Global Capital. He has served on numerous boards including as a Member of the Supervisory Board at ESCADA AG.
“Mr. Waryn will play a crucial role in our expansion into global emerging markets where Forex trading has been experiencing explosive growth given the US$4 Trillion in daily trading volume, leverage and ability to trade the Forex market 24 hours, 5.5 days a week,” said Patrick Braid, Sr. Vice President of Strategic Development for YTR, in a statement. “Mr. Waryn brings a proven track record and global relationships that will be invaluable in YTR empowering people and accelerating its growth rate globally to become the dominant Forex educator and proprietary trading firm.”
According to Mr. Waryn, “I have explored this sector at some length and I believe that YTR offers the most comprehensive training and trading platform available in the Forex field. Furthermore, I feel that the business proposition of YTR is to create great value for its shareholders and clients alike by opening up this field to a much wider audience than has traditionally profited from Forex trading. Finally, I believe that YTR is on target with a large trend of investors around the world who are seeking alternatives to stocks and real estate as a means to build wealth.”
The unique and distinct advantages that YTR programs offer to its students have made YTR one of the world’s leading Forex educational providers with offices in Australia, the United States and Hong Kong.
ABOUT YOUR TRADING ROOM: YTR is an international provider of online foreign-exchange financial education, training and proprietary trading services. Dynamic and forward thinking, our company is a reflection of our brand promise, to empower traders globally. This is the foundation that underpins every decision YTR engages in across its broad range of stakeholders. Our value proposition includes market leading solutions supported by four key disciplines: Research and development, proprietary indicators & strategies, education & training and live professional coaching. Our LIVE trading rooms provide a superb learning framework including live support by professional traders throughout a 24 hour, 5 ½ day trading week so that all traders, new and established can take advantage of our collective knowledge and on-staff professional traders.
Finding a good broker is not always easy and you need to spend a little time first to find out if you like them, trust them and they have the services you need. Most people don’t take the time to really evaluate if a broker is right for them. There are many factors which you have to consider when selecting a broker and these videos should help that process.
Finding a good broker is not always easy and you need to spend a little time first to find out if you like them, trust them and they have the services you need. Most people don’t take the time to really evaluate if a broker is right for them. There are many factors which you have to consider when selecting a broker and these videos should help that process.
Learning to trade is a most challenging endeavor and there are certainly many
different roads that individual traders travel to become successful. In my
experience I have found that the journey is always quite different from one
individual to the other. A few traders, who are extremely patient and persistent
decide to become self-taught. They watch every webinar or video that they can
find and read every book that they can get their hands on. These self-dedicated
traders often persevere through many losses and over a number of years to
develop the required knowledge base and skill for profitable trading.
A small number of other traders are fortunate enough to have an experienced
family member or a close friend that is willing to guide, teach and coach them
through their learning journey. Then there are of course many other traders who
realize the importance and value of a trading education and they choose to invest a
significant amount of their valuable time, effort and money attending trading
schools, conferences and educational sessions.
Interestingly enough, very few of these traders grow to become the most profitable
in the business. The most successful traders in the business and the most
profitable traders come from the small select group of individuals who are hired and
selected to become proprietary traders. Proprietary or “prop” traders actually learn
to trade and develop their trading skills completely risk free. They trade using their
firm’s capital and their firms absorb all of their trading losses throughout their
trading career.
These traders usually learn faster and quickly develop the required skill set to trade
proficiently. As they gain more and more experience they eventually grow to
become the best and most successful of traders in the business. The primary
reason behind their phenomenal success is the fact that they do not trade with their
own capital.
Trading with the firm’s capital gives them an incredible advantage over other selffunded
traders. They are able to focus all of their skills and attention on mastering
the art and skill of trading rather than worrying about losing their hard earned
capital. They are able to trade without any of the fears and anxiety that accompany
the burden and possibility of losing their life savings. This mental advantage should
not be underestimated or taken lightly.
Regrettably, few traders truly appreciate the psychological challenges that are
involved in trading with their own personal capital. Individual traders are often
unable to let their winners run and cut the losers short; their emotions force them to
exit a winning trade early capturing only a small profit while they continue to watch
the profits soar after their exit. Fear of losing also frequently keeps traders
hesitating on the sidelines unable to pull the trigger to capture the opportunities that
they identify.
These challenges are especially magnified for individual traders who seek to trade
for a living and generate income. Sometimes, the emotional burden is so stressful
and overwhelming that many otherwise skilled traders decide to completely
abandon trading all together. As a matter of fact the primary reason for the failure
of so many beginners and new traders is the heavy losses that are incurred during
the learning process. Many individual traders simply cannot afford the financial and
psychological impact of these losses.
In recognition of this crucial fact, Your Trading Room has decided to offer traders a
twelve-month “Prop Trading” apprenticeship program. This unique program allows
beginners and experienced traders alike, an opportunity to learn in the same
manner that a professional prop trader would. They are able to trade with the
firm’s capital and any losses that they incur are completely absorbed by the firm.
Imagine being able to learn and trade completely risk free.
Each new student is provided with a funded trading account and the firm absorbs
all of their losses. As each student advances in the program they gain access to
greater and greater levels of trading capital. This allows them to continue to
increase their position size and their potential earnings. Moreover, students
enrolled in the program are able to retain up to 90% of their trading profits.
In addition to the capital funding that the program provides, the firm must protect
their capital investment by providing each student with the best education and
resources possible to ensure their success and consistent profitability. The
program provides extensive learning support and an on-going education second to
none.
The program includes live classroom sessions, self-paced instructional
lessons, proprietary indicators, proprietary back tested strategies, an extensive
resource library of instructional videos as well as educational reading materials.
Moreover, students are granted access to a daily live instructional trading room that
is managed by professional and master traders. Students watch and learn from
these experienced professional traders as they call and execute their trades. All
trading room trades and results are posted on a daily basis. Each student is
provided with regular detailed performance reports to help them evaluate their
progress and learn from their mistakes.
Since students will be trading with the firm’s capital; the firm has a vested interest in
the success and consistent profitability of each and every student. Student
progress is closely monitored and every effort is made to ensure that the student
can become consistently profitable. The more profitable a student becomes the
more income they can generate for the firm.
It’s truly incredible to watch the remarkable improvement in a student’s
performance once they are guided by professionals and are no longer held hostage
by the fear of losing.
Call YTR at 843-754-8174 for more information
The YTR team are experts in the trading arena and are aware of the crucial mistakes traders, both experienced and inexperienced, commonly make.
Making profits in the markets is never “easy”. The reality is that a trader who does everything right and stays focused may still record losing days or weeks.
Just imagine the results of a trader who does not do the right thing, makes silly mistakes and loses control of himself or herself and his or her emotions! Their results will be much worse.
Below are some of the most common mistakes we have witnessed over the years in this profession.
Missing a trade
A good set-up on a trading system can be overlooked if the trader is not focused. This might be a result of talking on the phone, surfing the net, or other distractions. It might be the result of focusing too closely on one time-frame to the exclusion of others. For instance, our system is used to trade on time-based bars, range-based bars, volume-based bars, and so on. Too much focus on only one of the time frames can cause trades to be missed in other time frames.
Gut feeling
Many a perfect trade set-up has been ignored because the trader’s “gut-feeling” told him or her; the set-up was wrong. Don’t fall into this trap. A perfect set-up is just that, perfect – and the trade should be taken.
Conflicting buy and sell orders
In the case of conflicting buy and sell signals for the same trade, the common-sense response is to stand aside. Only the highest probability trade set-ups should be entered, and this is clearly not the case if there are conflicting signals.
Check the candlesticks
Be aware that occasionally the charting software may deliver a ‘bad tick’ and displays an incorrect candle. A filled in candle may actually have the close above the open, and vice-versa. It always pays to remain focused and to check the opening and closing prices if one has any suspicion the chart may be incorrect.
Second-bites
If a trade is missed, often the opportunity to take the trade will come along a little later, on a price retracement. In situations such as this, the trader should place a limit order where the original signal occurred and wait to be filled. Under some conditions it may be acceptable to ‘chase’ the trade by placing a market order, but in most circumstances achieving the best fill possible poses the least risk and is therefore the better option.
The Benefits of Working with a Coach
Learning how to successfully trade can take years of experience, of making mistakes and costly losses. Obviously everyone has different skills and abilities, and some people can understand the concepts and “tricks of the trade” at a quicker pace than others, but the unfortunate truth is that the cost and time involved, as well as the level of understanding, can exclude some people from the potential and opportunities presented by day trading. Your Trading Room (YTR), however, has opened up the industry to everybody by putting together a successful team of trading coaches that provide in-depth traders’ education in order to give their clients the best possible chance of succeeding and remaining profitable as a trader. YTR takes advantage of the money management and risk guidelines and
YTR coaches are experienced professional traders. They trade their own money in the live market and clients can take every trade they call. Experience has shown that the main reason traders fail, even under guided trading in trade rooms, is because they do not take the trade signals called or feel they need to outguess the trade coach. To be successful in a particular industry or field, one must work with the best, and YTR has opened this opportunity up to anybody, regardless of skill level, location or profession.
The true value of a security/commodity/currency at any point in time is determined solely by supply and demand, which is reflected in actual trading.
•Technical analysis is not concerned with the underlying causes of a shift in supply and demand, but instead in how it affects price. If demand is greater than supply, then prices will rise. If supply is greater than demand, prices will fall.
•Technical analysts start with the premise that the market is made up of a large group of trading participants.
•The assumption is that this large group of people will behave in repetitive and predictable patterns.
Fundamental Analysis
This is the analysis of the economic well-being of a financial entity as opposed to only its price movements. When talking about stocks, fundamental analysis is a technique that attempts to determine a security’s value by focusing on underlying factors that affect a company’s actual business and its future prospects. Fundamental analysis approaches the decision-making process by attempting to determine the intrinsic value of a financial instrument. Conventional wisdom indicates that the price of an instrument that is trading for less than its intrinsic value should rise and the price of an instrument that is trading for more than its intrinsic value should fall.
Intrinsic value is estimated by examining the factors that affect supply and demand for whatever is underlying the financial instrument. For example: a company, a commodity, a currency, an interest rate or a market index. The fundamental analyst thus studies the causes of prices, or changes in prices, of financial instruments. He or she will therefore be able to indicate what ought to be future price direction.
The main problem with fundamental analysis is that it assumes that information is disseminated perfectly and that it is acted on rationally. Practical observation of markets suggests that these assumptions do not necessarily hold true in the real world, particularly in the short term. In the case of the long term “buy and hold” investor, this problem is minimal because it is generally accepted that prices will move as indicated by intrinsic value over the longer term. For shorter term traders, and particularly day traders, fundamental analysis is of lesser value.
Technical Analysis
A method of evaluating securities by analysing statistics generated by market activity, such as past prices and volume. Technical analysis approaches the decision-making process by examining the market for the financial instrument itself. The data from the market are primarily the price, volume and, in futures markets, the open interest. The technical analyst is not concerned with the value of whatever underlies the financial instrument, but with how the forces of supply and demand are impacting upon its price. He or she searches charts for patterns and other indicators of repetitive price behaviour by utilising contemporary and historical price data. Any signs of institutional entries or exits, or reactions by the mass of retail traders are plotted diligently by the technical analyst, either to be acted upon or stored for later reference. The technical analyst therefore studies changes in the level of supply and demand for the traded instrument directly, rather than indirectly via the factors affecting supply and demand for the underlying asset.
Investopedia provides a good analogy…
In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, his or her decision would be based on the patterns or activity of people going into each store.
