Recently I have completed the Price Ladder Training Course By Futex. This is what I think of the course.
Please see my review policy here.
What is the Price Ladder Training Course?
The PLT is an online course that teaches the reading of order flow using the price ladder / DOM.
It is delivered online using a mixture of text, videos, drills and replays of the market.
The subjects include
INTRODUCTION TO THE PRICE LADDER PART 1
INTRODUCTION TO THE PRICE LADDER PART 2
PRICE LADDER ABSORPTION, RELOADING AND ICEBERGING
LARGE ORDERS ON THE PRICE LADDER
MANEUVERING AROUND ALGORITHMS ON THE PRICE LADDER
CONTRARIAN AND FADING SETUPS
BREAKOUT AND MOMENTUM SETUPS
DATA POINT TRADING
MONTH END TRADING
CENTRAL BANK TRADING
Each subject is followed by a chance to practise the new skill on the price ladder. At set times (twice a day) each day during the week, Futex will replay the order flow of a market, which has been specially selected to demonstrate the particular flow relevant to the skill just learnt. Giving the student a chance to put into practice what they have just learnt.
Interspersed throughout the course are structured drills, which give the student specific purposes and goals to practice during the session. These tend to take a full day.
It is an intensive 4 week course, with many of the drills requiring the student to set aside a complete day to complete.
Whilst Futex gives the student 8 weeks to complete the course, the drills and replays will require the student to be available at certain times. I would not recommend the course if you cannot commit the time over 8 weeks, to do the drills or replays, as the most benefit comes from the deliberate practice of these new skills.
What I think of Price Ladder Training
The mixed approach of theory, replays and drills is very good with a logical progression in reading order flow, setups and applying it to the market.
The huge number of trades taken on the simulator over the course, has made me a lot more proficient in placing trades and managing trades in the real market. I estimated I took a years’ worth of trades over the 4 weeks, when compared to my normal number of trades per day.
Though one downside for me was when I went back to the Live market, it made me slightly too aggressive and this took a few days to get out of my system.
I already had a basic understanding of order flow and how to trade it before the course started, and at the end of the course my confidence and ability to read the flow has massively increased.
The drills also put the spotlight on some of my strength and weakness in my own trading, which has allowed me to factor these into my current trading style.
The course has also open up more possibilities in the markets I trade, thus adding to my current edge.
The important question for me is always the same. Will the cost of the course be paid for and more, by increasing my profitability over the long term. Answer to this is a simple yes.
I had to work out how I was going to implement order flow in with my current edge so that the two styles complemented each other. It has improved my trading, it has improved the profitability of individual trades (better RR), and it has proven me with more opportunities.
Would I recommend the course?
If you want to scalp or include order flow into your trading then the answer is yes. I certainly wish that resources like this was available earlier when I was starting out.
But you have to ready to commit time and energy, and I think that what you get out of this course will depend on how much time and focus you are willing to put in.
If you have any specific questions about my experiences with the PLT, then please ask them in the comments below and I will answer them.
Go to Price Ladder Training
price ladder training futex