In the dynamic world of trading, the name Trader Tom, also known as Tom Hougaard, often comes up. This Danish trading expert has made a significant impact in the trading community. But how much do we really know about him? Is he as profitable and reliable as he claims to be? In this comprehensive blog post, we delve into the professional life and strategies of Trader Tom. We explore his trading background, scrutinize his performance, and evaluate the educational content he offers. We also share insights from other traders about their experiences with him and discuss who could benefit most from his trading approach. Join us as we uncover the truth and answer the burning question: Is Trader Tom legit? Let’s get started.
Who is Trader Tom?
Tom Hougaard, better known as Trader Tom, is a seasoned professional in the trading world. Originally from Denmark, Tom moved to the UK in his late teens to pursue his studies in Economics and Finance. After earning his BSc and MSc in Economics and Finance, he gained valuable experience working for JP Morgan Chase.
Over the years, Tom has earned a reputation as a skilled trader and an exceptional educator. He is known for his proficiency in day-trading and swing-trading in the commodity market, the currency market, and stock indexes. His popularity has led to many imposters posing as him, so it’s always important to verify that you’re interacting with the real Trader Tom.
Tom operates a website, TraderTom.com, which serves as a treasure trove of resources for traders at all levels. The website offers free material on price action, technical analysis, psychology, and even provides an opportunity for users to observe Tom trade live.
In addition to his website, Tom also manages two live trading channels on Telegram. The Day Trading Channel is very active, posting time-sensitive trades, while the Swing Trading Channel is more suited for those who have other jobs, as it posts 3-5 signals a week and the trades are held for longer periods.
Trader Tom is a respected figure in the trading community, offering valuable insights and resources to traders of all levels. His commitment to education and transparency sets him apart in the industry.
To help you navigate the world of forex and CFD trading, we’ve compiled a comprehensive broker review table. This resource provides a detailed overview of various brokers, allowing you to compare and select the one that best suits your trading needs. Feel free to explore and click on the brokers for more information.
Forex Broker | Trust Score | Regulated and Trusted? | Leverage | Broker Type | Broker Review | Visit Broker |
---|---|---|---|---|---|---|
BlackBull Markets ![]() | 9.5/10 | Yes | 500:1 | ECN | View | Visit Broker |
MultiBank ![]() | 9.5/10 | ASIC, BaFin, FMA, CIMA, CySec, FSC, VFSC, TFG | 500:1 | MM | View | Visit Broker |
AvaTrade ![]() | 9.4/10 | Yes | 400:1 | MM | View | Visit Broker |
Trade Nation ![]() | 9.4/10 | Yes | 500:1 | MM | View | Visit Broker |
ThinkMarkets ![]() | 9.3/10 | Yes | 2000:1 | ECN | View | Visit Broker |
EightCap ![]() | 9.2/10 | Yes | 500:1 | MM | View | Visit Broker |
IC Markets ![]() | 9.1/10 | Yes | 500:1 | ECN | View | Visit Broker |
Tickmill ![]() | 8.9/10 | Yes | 500:1 | ECN | View | Visit Broker |
TD365.com ![]() | 8.5/10 | Yes | 200:1 | MM | View | Visit Broker |
FP Markets ![]() | 8/10 | Yes | 500:1 | ECN | View | Visit Broker |
easyMarkets ![]() | 7/10 | Yes | 2000:1 | MM | View | Visit Broker |
What is Trader Tom’s Background in Trading?
Tom Hougaard has a rich and diverse background in trading. After moving to the UK from his native Denmark, he pursued his passion for Economics and Finance at the University of Wales and Birmingham, earning both a BSc and an MSc.
His professional journey began at JP Morgan Chase, where he gained valuable experience and honed his trading skills. This experience laid a solid foundation for his future endeavors in the trading world.
Over the years, Tom has conducted numerous seminars and webinars, sharing his trading strategies and insights into the global markets with tens of thousands of individuals. He has also been a featured guest in hundreds of radio and television interviews, showcasing his expertise cultivated over two decades.
Today, Tom manages a highly successful live trading channel and consistently shares remarkable content on his YouTube channel. He also runs a website which offers a wealth of resources for aspiring traders. The website provides free material on price action, technical analysis, psychology, and even allows users to observe him trade live all day, every day.
In summary, Tom’s background in trading is extensive and varied, marked by a strong educational foundation, valuable professional experience, and a commitment to sharing his knowledge with others. His contributions to the trading community have solidified his status as a trusted source of financial wisdom.
What Trading Strategies Does Trader Tom Use?
Tom Hougaard, known for his trading expertise, employs a variety of strategies that have been honed over years of experience. He is known for his focus on day-trading and swing-trading in the commodity market, the currency market, and stock indexes.
One of his notable strategies is the breakout strategy, which he applies at the open of the DAX index and the Dow Jones index. This strategy takes advantage of the volatility at the market open and has proven to be effective in yielding positive results.
In addition to these, Tom places a strong emphasis on risk management, trend analysis, and sound money management. These principles form the backbone of his trading approach and are integral to his success in the trading world.
Tom also shares his trading strategies and insights through his website and his live trading channels on Telegram. His Day Trading Channel posts time-sensitive trades, while his Swing Trading Channel posts 3-5 signals a week, making it ideal for people who have other jobs.
In summary, Tom’s trading strategies are a blend of technical analysis, market knowledge, and a keen understanding of risk management. His approach is not only effective but also adaptable, catering to the dynamic nature of the trading world.
Which broker is Trader Tom’s preferred broker?
Tom Hougaard, widely known as Trader Tom, has shown a preference for TD365 as his primary broker. TD365 is recognized for its competitive pricing within its ECN account, despite the high minimum deposit. It offers tight fixed spreads, no commissions or deposit/withdrawal fees, and swift execution speed. However, it’s worth noting that some traders have reported high slippage and withdrawal problems.
Trade Nation is another broker that Tom Hougaard has been associated with. This UK-based CFD and forex broker offers a fully digital account opening process with no minimum deposit and free withdrawal. Customers have access to excellent research and education tools. One of the unique features of Trade Nation is its compatibility with TradingView, a platform popular among traders for its advanced charting features.
Lastly, MultiBank deserves an honorary mention. As a high leverage broker, MultiBank offers bonus deposits. It’s an international CFD and forex broker, regulated by several financial authorities, including the top-tier ASIC of Australia. MultiBank offers commission-free options with narrower spreads and ECN accounts for direct market access.
Trader Tom has been associated with several brokers, each with its own strengths. It’s important for traders to choose a broker that best fits their trading style and needs. As always, it’s crucial to do your own research and understand the risks involved in trading.
Is Tom Hougaard the real deal?
Is Tom Hougaard profitable?
Tom Hougaard, known in the trading world as Trader Tom, has a track record that suggests he is indeed profitable. He has been recognized for his ability to predict market trends, which has played a significant role in his success.
One of the most notable achievements in his trading career is turning a £25,000 stake into over £1 million in just a year. This accomplishment has not only grabbed headlines but also solidified his status as a successful trader.
In addition to this, Tom has won multiple trading competitions. On one occasion, he traded the equivalent of $30,000 into more than $1.3 million over the course of a year.
However, it’s important to note that trading involves risks and past performance is not indicative of future results. Therefore, while Tom Hougaard’s trading history suggests profitability, potential traders should always conduct their own research and consider their financial situation before engaging in trading.
How much does Tom Hougaard risk per trade?
Tom Hougaard, a seasoned trader, is known for his bold approach to trading. While the average retail trader risks a certain amount per point in the underlying asset, Tom frequently risks a significantly higher amount per point. This high-risk strategy is not for everyone, but it has been a significant factor in Tom’s trading success.
However, it’s important to note that such a strategy requires a deep understanding of the markets and a high tolerance for risk. As always, traders should carefully consider their financial situation and risk tolerance before adopting such strategies.
Interestingly, while Tom takes on a high level of risk, followers of his trading strategies can choose to follow him with less risk per point. This allows them to benefit from his insights while managing their own risk levels according to their comfort and financial situation. This flexibility makes Tom’s strategies accessible to a wide range of traders, from novices to experienced professionals.
Has Trader Tom’s Trading Performance Been Independently Verified?
Tom Hougaard, a seasoned trader, is known for his bold approach to trading. While the average retail trader risks a certain amount per point in the underlying asset, Tom frequently risks up to £3,500 per point. This high-risk strategy is not for everyone, but it has been a significant factor in Tom’s trading success.
However, it’s important to note that such a strategy requires a deep understanding of the markets and a high tolerance for risk. As always, traders should carefully consider their financial situation and risk tolerance before adopting such strategies.
Interestingly, while Tom takes on a high level of risk, followers of his trading strategies can choose to follow him with less risk per point. This allows them to benefit from his insights while managing their own risk levels according to their comfort and financial situation. This flexibility makes Tom’s strategies accessible to a wide range of traders, from novices to experienced professionals. It’s a testament to the adaptability of his approach and the value he provides to his followers.
What Do Other Traders Say About Trader Tom?
The opinions about Trader Tom, also known as Tom Hougaard, vary among traders. Many appreciate his transparency and the wealth of resources he provides. His live trading channels on Telegram are particularly popular, with many traders finding value in his time-sensitive trades and swing trades.
On his YouTube channel, Tom’s videos on trading psychology, scalping stock indices, and his personal trading experiences have garnered thousands of views, indicating a high level of interest and engagement from the trading community.
However, some traders have expressed concerns about the impact of his live trading on his trading behavior. They speculate that the pressure to post trades and keep the Telegram channel active might influence his trading decisions.
Whilst many traders appreciate Tom’s insights and resources, others express reservations. As with any public figure in the trading world, opinions about Trader Tom are diverse, reflecting the varied experiences and perspectives of traders. It’s always important to do your own research and consider multiple viewpoints when evaluating a trader’s credibility and effectiveness.
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What Are the Positive Reviews About Trader Tom?
Trader Tom, also known as Tom Hougaard, has received numerous positive reviews from traders. Many appreciate his transparency and the wealth of resources he provides. His live trading channels on Telegram are particularly popular, with many traders finding value in his time-sensitive trades and swing trades.
On his YouTube channel, Tom’s videos on trading psychology, scalping stock indices, and his personal trading experiences have garnered thousands of views, indicating a high level of interest and engagement from the trading community.
One reviewer mentioned that they found Tom’s book “Best Loser Wins” to be quite useful and that it taught them to add into trend strength instead of trimming position for no reason. Another reviewer mentioned that they found the atmosphere in Tom’s trading community to be great, with students being encouraging and helpful.
However, as with any public figure in the trading world, opinions about Trader Tom are diverse, reflecting the varied experiences and perspectives of traders. It’s always important to do your own research and consider multiple viewpoints when evaluating a trader’s credibility and effectiveness.
Are There Any Negative Reviews About Trader Tom?
While Trader Tom, also known as Tom Hougaard, has many followers who appreciate his trading insights and strategies, there are some traders who have expressed concerns. Some traders have found his trading books to be quite difficult to read.
There are also traders who, after being part of his Telegram group for a while, felt that he was having a negative impact on their trading. They found themselves trying to understand why he was taking certain trades and ended up second guessing themselves. As a result, they experienced hesitation in their own trading, recalling instances when Tom did the opposite.
Some traders have also expressed concerns about the impact of his live trading on his trading behavior. They speculate that the pressure to post trades and keep the Telegram channel active might influence his trading decisions. They wonder if he feels obligated to post something every so often just to keep his Telegram alive, so people don’t wander off.
Whilst many traders appreciate Tom’s insights and resources, others express reservations. As with any public figure in the trading world, opinions about Trader Tom are diverse, reflecting the varied experiences and perspectives of traders. It’s always important to do your own research and consider multiple viewpoints when evaluating a trader’s credibility and effectiveness.
For those of you who are exploring different brokers, we’ve put together a detailed broker review table. This will allow you to compare various forex and CFD brokers at a glance. Don’t hesitate to click on the brokers for an in-depth review. Your ideal broker could be just a click away!
Forex Broker | Trust Score | Regulated and Trusted? | Leverage | Broker Type | Broker Review | Visit Broker |
---|---|---|---|---|---|---|
BlackBull Markets ![]() | 9.5/10 | Yes | 500:1 | ECN | View | Visit Broker |
MultiBank ![]() | 9.5/10 | ASIC, BaFin, FMA, CIMA, CySec, FSC, VFSC, TFG | 500:1 | MM | View | Visit Broker |
AvaTrade ![]() | 9.4/10 | Yes | 400:1 | MM | View | Visit Broker |
Trade Nation ![]() | 9.4/10 | Yes | 500:1 | MM | View | Visit Broker |
ThinkMarkets ![]() | 9.3/10 | Yes | 2000:1 | ECN | View | Visit Broker |
EightCap ![]() | 9.2/10 | Yes | 500:1 | MM | View | Visit Broker |
IC Markets ![]() | 9.1/10 | Yes | 500:1 | ECN | View | Visit Broker |
Tickmill ![]() | 8.9/10 | Yes | 500:1 | ECN | View | Visit Broker |
TD365.com ![]() | 8.5/10 | Yes | 200:1 | MM | View | Visit Broker |
FP Markets ![]() | 8/10 | Yes | 500:1 | ECN | View | Visit Broker |
easyMarkets ![]() | 7/10 | Yes | 2000:1 | MM | View | Visit Broker |
What Trading Education Does Trader Tom Offer?
Trader Tom, also known as Tom Hougaard, offers a wide range of educational resources for traders of all levels. His website, TraderTom.com, is a treasure trove of information where traders can absorb free material on price action, technical analysis, and trading psychology.
One of the unique features of his educational offerings is the opportunity to observe him trade live all day, every day. This provides traders with a real-time understanding of how he applies his strategies in the market.
In addition to his website, Tom runs two live trading channels on Telegram. The Day Trading Channel posts time-sensitive trades, making it a very active channel. On the other hand, the Swing Trading Channel posts 3-5 trades a week, making it ideal for people who have other jobs.
Tom has also created a Forex Starter Kit available on Udemy. This course introduces the main concepts of forex trading and provides insights into his trading strategies.
In summary, Trader Tom offers a comprehensive suite of educational resources that cater to both novice and experienced traders. His commitment to sharing his knowledge and experience sets him apart in the trading community.
What Can Beginners Learn From Trader Tom?
Tom Hougaard offers a wealth of educational resources that are particularly beneficial for beginners. His website is filled with free material on price action, technical analysis, and trading psychology. This foundational knowledge can help beginners understand the basics of trading and develop their own strategies.
One of the unique features of his educational offerings is the opportunity to observe him trade live all day, every day. This real-time observation provides beginners with a practical understanding of how trading strategies are applied in the market.
In addition to his website, Tom runs two live trading channels on Telegram. The Day Trading Channel posts time-sensitive trades, while the Swing Trading Channel posts 3-5 trades a week. These channels offer beginners a chance to learn from Tom’s trading decisions and understand the thought process behind each trade.
Tom has also created a Forex Starter Kit available on Udemy. This course introduces the main concepts of forex trading and provides insights into his trading strategies. It’s a great starting point for beginners who are new to forex trading.
In summary, Trader Tom provides a comprehensive suite of educational resources that can help beginners kickstart their trading journey. His commitment to sharing his knowledge and experience sets him apart in the trading community.
How Can Experienced Traders Benefit From Trader Tom’s Insights?
Trader Tom, a seasoned professional in the trading world, provides a plethora of insights that can be advantageous to experienced traders:
1. Grasping Market Trends: Trader Tom employs an 89-period moving average to discern market trends. This knowledge can aid experienced traders in comprehending market fluctuations and making educated trading choices.
2. Reverse Divergence Strategy: Trader Tom’s strategy includes spotting a reverse divergence between the price and the momentum indicator. This approach can be a potent asset for experienced traders aiming to take advantage of market reversals.
3. Risk Management: Trader Tom underscores the significance of trading discipline and money management. His insights can guide experienced traders in effectively managing their risks and enhancing their profitability.
4. Live Trading Sessions: Trader Tom hosts live trading sessions, during which he shares his entry and exit points, stop losses, risk management strategies, and market outlook. These sessions can offer experienced traders a real-time glimpse into his trading tactics.
5. Breakout Strategy: Trader Tom has devised a breakout strategy that has proven to be successful. This strategy, which is centered around the opening of the European and US markets, can be a valuable addition to an experienced trader’s arsenal.
6. Trading Psychology: Trader Tom imparts tips and insights on trading psychology. Grasping the psychological aspects of trading can assist experienced traders in maintaining a balanced mindset and making superior trading decisions.
Moving forward, Trader Tom’s insights can equip experienced traders with valuable strategies, risk management techniques, and psychological tools that can boost their trading performance and profitability. His live trading sessions and freely available material on price action, technical analysis, and psychology offer a wealth of knowledge that can be instrumental in refining trading strategies and achieving trading success.
Conclusion: Is Trader Tom Legit?
In conclusion, the legitimacy of Trader Tom, or Tom Hougaard, is not a simple yes or no answer. It’s a multifaceted question that depends on various factors, including his background in trading, the strategies he uses, his profitability, and the risk he takes per trade.
His trading performance has been scrutinized and discussed by many in the trading community, with both positive and negative reviews. These reviews, while helpful, are subjective and should be taken with a grain of caution.
Trader Tom offers a wealth of trading education for both beginners and experienced traders. His insights have proven beneficial to many, but it’s important to remember that what works for one trader may not work for another.
Ultimately, whether Trader Tom’s trading style is suitable for you depends on your own trading goals, risk tolerance, and trading style. It’s always recommended to do your own research and perhaps even test his strategies on a demo account before committing real money.
Remember, in the world of trading, there are no guarantees. Every trader, including Trader Tom, experiences losses. The key is to learn from these losses and to develop a trading strategy that suits your individual needs and circumstances.