Disingenuous
A few thoughts from my 6 weeks of using RT. I received a refund as the course wasn't what I expected and I was losing money for the first time since first investing in crypto 14+ months ago. I was grateful for the refund. In terms of actual trustworthiness, there's nothing to worry about here, but hopefully this review is a bit more realistic and current than some of the reviews on this site.
I, along with many others, joined at the height of the Wonderland DAO euphoria. I was drawn in by Siam's YouTube videos where he spoke about his phenomenal uplift from sidestepping TIME. It is clear from these early videos that by being in the RT Telegram group, you are kept in the loop with Siam's moves and therefore have a competitive edge over those who are not in the group. I came to realise that this is actually a clever marketing strategy of Siam's; he is an astute businessman first and foremost.
To join the RT Community is £4800 for 12 months. This gives you access to Siam's RT Telegram group, the RT Discord, use of a trading bot (for Forex), a weekly trading pub and the RT Portal. Over the course of the 6 weeks I was in the community I watched the RT members grow from circa 300 to 450- a £720000 annual increase for Siam.
RT Telegram group: Some useful information in here. Siam clearly knows his way around a chart and his technical analysis is usually on point. He has been trading successfully for many years. Initially, Siam would post his moves regarding TIME. Typically, the RT members would then scramble to be on the correct side of the 'Siam candle'. Siam repetitively said that his moves in TIME only moved the price by a very small amount. This is true, but doesn't capture the whole picture: Siam's move in isolation would only move the price a fraction, but as he had one of the top 50 wallets, along with a group of RT members following his moves and other individuals monitoring his wallet (because of the very public youtube videos he puts out), the price would move by hundreds of dollars. If you got caught on the wrong side of this, as many did, you were effectively giving your money directly to Siam. There were plenty of people in the RT Discord who would post comments such as 'down $3k on this move' or 'missed out again, heard Siam's message come through and by the time I logged on the price had already gone. Should have held!'. One afternoon, Siam put a message in the group to say he was selling. The RT community responded and the price started to move, meaning by the time Siam's transaction went through he missed out on a chunk of profit. This clearly frustrated him and he posted a message in Telegram: 'arghh front runned by RT again! Going to have to change the way we do things in RT...'. It seemed clear to me that the plebs (us who joined because of the YouTube enticing) had taken the bait and now it was time to change tac in order to keep topping up his profit. From then on he stopped posting updates on his moves with TIME. I genuinely don't believe he cared about the numerous people in his group who were getting rekt on a daily basis. This didn't sit right with me at all.
RT Discord: For the 6 weeks I was in the Discord, Siam was fairly absent. Often I would post questions which never got answered. Day to day running of the Discord is managed by the 'RT Avengers' who are helpful. There is some good information in here but realistically it's not too dissimilar to the good side of Crypto Twitter or other free Discord groups. With a little bit of research it is not too difficult to come across 99% of the info in here for free.
Trading Bot: I didn't get a chance to set this up as it is purely for FXCM platform to trade Forex. I reached out to Siam as I found a lot of contrary advice from the RT Portal to the discord, Siam responded: 'Bot has been drained and all my funds are now in crypto'.
Weekly trading pub: This is a live Q&A session held with Siam on a Friday afternoon. These sessions are useful as Siam goes through the charts and has a look at PA and potential movers. Frustratingly, with it being a working day I was unable to catch these live so had to rely on the recorded version being uploaded promptly as crypto is such a fast moving field. These sessions can also be quite long (up to 3.5 hours!) so it's useful to play them in double speed. As mentioned, these are on a Friday. One of these sessions was not uploaded until Monday evening. This is not acceptable. Even worse, on the Saturday in between I went on YouTube and saw that Siam had uploaded a new YouTube video on the Friday evening. This was absolutely infuriating to me and was the time I decided I would leave the community and ask for a refund.
RT Portal: Focused on Forex. People have commented under the videos asking about Crypto and Siam has responded- 'don't trade crypto, just buy and hold'. Lots of videos from thewap.org which is £10 a month
Odpověď od The Realistic Trader
2023.09.26
Hi Nick!
Thank you for sharing your thoughts on your brief experience with The Realistic Trader community. We understand that trading and investing can be challenging, and we value your feedback. However, we'd like to address some of your concerns to provide a more balanced perspective on our services.
Marketing Strategy: You mentioned our Telegram group and how it keeps members informed about Siam's moves. While we do share insights into market trends and Siam's trading strategies, we encourage our members to use this information as part of their research and not purely as financial advice. The cryptocurrency market is highly volatile and can change rapidly, so it's crucial for traders to make informed decisions.
Membership Growth: We're delighted that our community has grown, and it reflects the value that members find in our services. Our mission is to provide educational resources, insights, and a supportive community for traders.
RT Telegram Group: It's essential to clarify that while Siam may share his trading moves, our members have diverse trading strategies and perspectives. We emphasise that trading is a personal journey, and members should exercise their discretion and risk management. Trading decisions should not solely rely on one individual's moves.
RT Discord: We appreciate your feedback on the Discord group and the support you received from our community members. We aim to provide a platform where members can engage, share insights, and learn from each other. Siam's absence during your brief membership may have been due to his commitments, but we encourage members to interact with the community and mentors for assistance.
Trading Bot: Our trading bot was primarily designed for Forex trading. Siam's shift to crypto reflects the dynamic nature of the cryptocurrency market.
Weekly Trading Pub: We appreciate your positive feedback on our weekly Q&A sessions. We apologise for any delays in uploading sessions, and we'll strive to improve the timeliness of these uploads in the future. Your feedback on session length is duly noted.
We genuinely appreciate your feedback, and it helps us identify areas for improvement. We strive to provide valuable resources, education, and a supportive community for traders. We're continuously working to enhance our services and ensure that our members have access to relevant and timely information.
Kind Regards
The RT Team
Thank you for sharing your thoughts on your brief experience with The Realistic Trader community. We understand that trading and investing can be challenging, and we value your feedback. However, we'd like to address some of your concerns to provide a more balanced perspective on our services.
Marketing Strategy: You mentioned our Telegram group and how it keeps members informed about Siam's moves. While we do share insights into market trends and Siam's trading strategies, we encourage our members to use this information as part of their research and not purely as financial advice. The cryptocurrency market is highly volatile and can change rapidly, so it's crucial for traders to make informed decisions.
Membership Growth: We're delighted that our community has grown, and it reflects the value that members find in our services. Our mission is to provide educational resources, insights, and a supportive community for traders.
RT Telegram Group: It's essential to clarify that while Siam may share his trading moves, our members have diverse trading strategies and perspectives. We emphasise that trading is a personal journey, and members should exercise their discretion and risk management. Trading decisions should not solely rely on one individual's moves.
RT Discord: We appreciate your feedback on the Discord group and the support you received from our community members. We aim to provide a platform where members can engage, share insights, and learn from each other. Siam's absence during your brief membership may have been due to his commitments, but we encourage members to interact with the community and mentors for assistance.
Trading Bot: Our trading bot was primarily designed for Forex trading. Siam's shift to crypto reflects the dynamic nature of the cryptocurrency market.
Weekly Trading Pub: We appreciate your positive feedback on our weekly Q&A sessions. We apologise for any delays in uploading sessions, and we'll strive to improve the timeliness of these uploads in the future. Your feedback on session length is duly noted.
We genuinely appreciate your feedback, and it helps us identify areas for improvement. We strive to provide valuable resources, education, and a supportive community for traders. We're continuously working to enhance our services and ensure that our members have access to relevant and timely information.
Kind Regards
The RT Team