Platinum Trading Academy is an operation that allegedly makes use of institutional Forex traders to impart their knowledge on the trading community through a series of courses. The platform claims that they are unique because they are providing quality training courses from traders who have 50 years of experience in the industry.
Platinum Trading Academy is owned and operated by a company known as Platinum Investments Associates LTD and registered under 07870184. They are based in the UK on this address 6th Floor City Gate East, Toll House Hill, Nottingham, Nottinghamshire, NG1 5FS. Their support can be reached on email or through their phone number +44 (0) 207 193 2931.
The question that traders want to know is whether this trading school is offering quality training products which can be relied upon. In the meantime, if you wish to use automated trading tools instead of learning how to trade, click this link and sign up with the software provider of your choice.
The most important highlight of this Forex trading school is their institutional approach of training. They tell us that brokers and the large financial institutions are always making lots of money in the Forex market place and to beat them in their own game, we need to start trading like them rather than trading like retail traders.
This is something we have heard so many times on the internet, and it is beginning to look like everybody has their own set of beliefs about trading.
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This trading school also dismisses the idea of trade setups and software because they claim that what moves the Forex market on a daily basis is institutional order flow. Therefore, according to them, these trade setups and software are useless. They also claim that they will teach us the various institutional order flow methods in their Forex trading courses.
Their most popular Forex trading course is known as Forex Foundation Progamme For Beginners. They are advertising it as the online resource for the world of Forex for beginners. This is a comprehensive course that covers multiple areas in Forex trading. The course also explains why people should trade Forex as well as the various ways through which traders can benefit from trading the Forex market place.
The course include introductions as well as topics that cover Forex trading charts, Forex technical analysis, Forex risk management and the psychology of trading. In addition to that, the course comes with long term chart analysis, platinum trading television, platinum live trading floor, platinum algorithmic system, access to a live trading room and a one on one mentoring session.
In their promotion materials, Platinum Trading Academy announces that their live trading room has a 78% success rate. That means that their trade calls have a win rate of 78%. In addition to this, they claim that this live trading room is giving traders access to 5 different trading strategies which have been proven to generate 7,000 pips every year.
We are interested in the proof of performance because if a trading educator claims that their trade calls have 78% win rate and are generating 7k pips a year, the next question is whether they have verified trading performance on a third party statement sharing platform like FXblue or Myfxbook.
While Platinum Trading Academy claims that their trades have a success rate of 78%, their sales page does not present any form of verified trading performance. So this remains a claim as opposed to verified proof that indeed Platinum Trading Academy is operating a live trading room that calls trades which have a win rate of 78%.
However, Platinum Trading Academy offers trading videos, a television program about trading (which is a very unique program considering that most trading schools don’t have a television program in place) and live daily trading sessions. The problem is that despite offering all these trading products, they offer zero trading results on their website and the alleged 78% win rate cannot be verified.
It is also great that Platinum Trading Academy is offering trading education and a part of this content is offered for free on videos and in ebooks. That’s all that this vendor is providing.
While this looks like a good trading school, there is no way a vendor can provide their products without proving that they are viable. To do this effectively, they need to make use of a statement sharing platform and myfxbook does this really well. So we don’t understand why a trading school like this one can avoid or ignore the most important part of marketing their products. It is something that we have discovered with many other trading schools before. Even trading software providers have followed suit and are not providing proof of trading performance.
In addition to what they are offering as training, Platinum Trading Academy also offers a trading system. The system in question works by studying 18 different indicators and combining them with their institutional order flow. This is basically a trading indicator that works with many different strategies which also include intraday strategies, end of day trading strategies and what is known as banker trades. They are also providing a chart that we can use to estimate how much we can make with this trading indicator.
The Platinum Trading system is generating between 1200 and 5000 pips. In addition to that, Platinum Trading Academy provides us with a chart that shows the number of pips which the system has earned between 2014 and 2018. The reason we don’t accept these numbers is that they can’t be relied upon. This is because none of the figures we see here can be substantiated due to the fact that there is no proof of performance.
After going through the free videos and ebook, we realize that Platinum Trading Academy appears to have some knowledge about trading. Therefore, the only issue has to be in the lack of transparency that has characterized the offers being made by this trading school. It would therefore be safe to stick with these products until this service can verify their results.
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