Just like many other traders, I have spent countless hours searching 'Forex trading' on YouTube and watching the many videos posted by the numerous Forex trading YouTube channels. At first, each trading channel seems to share a generous amount of free content that seems vital for successful trading. With time, you learn that most of these channels and trading educators are not really traders and have no proof of their trading experience. This makes you soon become sceptical of every Forex educator. Suddenly it feels like everyone is out to make a quick buck.
My reviews are here to help. In my opinion, my reviews are non-biased and highlight the good and the bad of each trading educator and what they have to offer. More importantly, they highlight areas of concern.
I am not here to brand anyone a scam. I just want to highlight the concerns of some educators and help you make a better educated guess when choosing who to learn from. Perhaps some of these educators will read these reviews and make appropriate changes to resolve concerns and areas of doubt.
Decisive Trading is a Forex education website and YouTube channel that is owned and hosted by James Orr. The YouTube channel has grown to become one of the most subscribed trading education channels. James mainly trades indices (index cfds) but has content for stock and Forex trading.
Applaud #1 - Professionalism
James is very approachable and is not condescending at all. His friendly mannerisms are inviting and there are no hard selling. There are some fast and flashy cars in his videos but this is not his main marketing tactic i.e I can make you rich, just buy my course etc.
You can see James and his marketing style in this video: https://youtu.be/-0Q9bFfRGT0
Applaud #2 - Free Content
Decisive Trading has a lot of free content. James uploads regularly to the YouTube channel and writes regular blog posts. As far as consistent free content goes, this site ranks highly.
Concern #1 - Results
This will always be the number #1 concern for most trading educators and sites. James Orr claims that he is a full-time trader and that he is very successful at what he does. That is all fine but where are the results? It seems that once again we have a trading educator that has no tangible proof that he or she actually trades profitably. It's important to note that James has shown some results on recorded YouTube channels, such as account statements, but nothing that is verified and tangible, such as myfxbook. It takes about 15 minutes to connect an account with myfxbook and verify your results. Surely this would be worth it? It is likely that James is not a profitable trader or not as profitable as he would like you to believe.
Just like most trading educators, no verified trading performance is a major concern.
Concern #2 - IG CFDs
James has supposedly been a successful trader for many years. He mostly trades index CFDs (FTSE and DAX) but does dabble in Forex (probably to draw-in a larger crowd of viewers and subscribers). This surely rings warning bells? A full-time trader - who is very success - trades with a market maker and trades CFDs or spread-bets. Surely a trader with a large account size would consider trading with a futures broker rather than a CFD and spread betting provider?! Maybe it is just me but IG spread betting would not be choice if I were a successful trader.
James' claim of success can be found on this page: https://www.decisivetrading.info/james-orr/
IG is often mentioned in his videos and is the broker shown in his live trades: https://youtu.be/SnUzIBDWQws
If you are looking for free trading content, especially if you are interested in trading indices, then Decisive Trading and James Orr is a great choice. Is James actually making money from the market? Who knows, apart from him. Having verified trading results would really help his image and provide a lot of transparency. I personally would keep away from his paid content because of the lack of results and past performance. BUT I do believe that James is one of the better trading educators out there. If I had to trust a trading educator that provides no verified results, it would like be him.
More links and info
Decisive Trading website: https://www.decisivetrading.info/
Decisive Trading YouTube channel: https://www.youtube.com/channel/UCyU9EMdRIv7FSf1xJIbPkbQ
Thread asking for reviews: https://www.trade2win.com/threads/anyone-used-decisivetrading-courses.221266/