All Michael Covel book reviews for both “Trend Following” and “The Complete TurtleTrader” can be found here.
Feedback and Testimonials
On “discipline”:
Michael, I just wanted to say thanks for all you do. My brother read your book back in 2005 and gave it to me to read. It changed our trading and, I believe, our lives. Please indulge a little background. My brother is 8 years my senior. He’s in the construction business and I’m in the insurance business. Pretty different professionally, but not philosophically. What we had most in common was a fascination of the financial markets and figuring out a way to profit from them. He and I have both spent most of our adult lives educating ourselves on economic and financial issues and continue to do so on a daily basis. We would categorize ourselves as followers of Austrian economic thought and free market libertarians. We had been dabbling in the futures markets for over a decade and could never find an approach that would work for us. Unfortunately, we followed various gurus on our way to losing money year after year and depleted several different trading accounts. We had always focused on systematic approaches to trading because we both felt that we couldn’t trust ourselves to maintain any trading consistency with soft rules or instinct. Our problem was that we lacked any understanding of trading systems and all of their component parts. As a result, we chose to follow the complicated black box systems designed by others. These systems all focused on picking tops/bottoms or otherwise predicting market direction in some way. We didn’t realize it at the time, but in retrospect, the one thing positive we took away from these experiences was the understanding that our greatest attribute as traders was our discipline. We took every single trading signal from every guru we ever followed, come hell or high water. The better educated we became, the more we realized that NOBODY really knows anything about the direction of markets. To design or follow a systematic approach to trading based on the premise that market direction was predictable was a ticket to the poor house. We’d heard about trend following methods but only in a disparaging light. We quit trading for 5 years. Then we both read Trend Following. It was the proverbial “ah ha” moment that we had spent 20 years looking for. Sometimes the truth is so hard to see because it’s right in front of your face. To make a long story a little shorter, my brother purchased your course in late 2005 and we starting our little trading company in Feb 2006 with $100,000 in seed money. We trade a basket of 10 futures markets using the rules in your course (although with a lower risk %). We never deviate and we take every signal, subject to the our risk management rules. We spend no more that 1/2 hour a day on our trading business. We have tripled our account balance to $300,000 in the intervening 3.5 years without ever adding any more capital. We have not had a losing year yet, although I’m sure we will eventually. We made just under 100% return in 2008, which would have been much greater had our capital base been larger or if we had been comfortable with a greater per trade risk %. We had to beg off some trades that were immensely profitable in fall 2008 due to our position limits and % risk rules. Unfortunate, sure, but we slept great and still doubled our money in the greatest financial debacle of our lifetimes. 2008 was only the beginning. Government interference in markets always makes for great trend trading opportunities. The size and scope of government today simply means that trends are only going to be bigger and will occur with more frequency. We’re ready and waiting. We can’t thank you enough for sharing the wisdom of trend following with us. We truly believe that significant trading wealth is simply a matter of time for us thanks to the education you provided…mixed in with a big helping of discipline! Thanks again Michael!
xxx, IL USA
On “small” accounts:
Hello Mr. Covel,
I’ve read your books and think they are great. You also have a great web site. I was wondering how your course addresses a small account or small starting capital? I’m considering purchasing your course, but trend following systems typically tend to require a large starting capital according to the majority, yet some of the greatest trend followers only started out with small sums of money. Thank you.
Sincerely,
Jeremy
On trend following for stocks:
Greetings,
Do you know of anyone who critiques long term trend following strategies on equities, or would offer advice on improving one if it was shown to them? Thanks for any direction or leads you care to offer.
Dallas R.
On emotions:
Hi Michael,
I started trading the system you taught from Oct 2007, it’s been 15 months and I have been very happy with the results. Returned 9.33% (2007) and 60.85% (2008). Just want to keep you posted of my progress. I am still learning lots about myself on trading and learning to control my emotions better. You are right that it’s us who mess up the system and not the system itself. Thanks.
Regards,
Peter T., Singapore
On mentors:
Hi Michael,
I read the book ‘Complete TurtleTrader’ and was blown away. What a great story. I have been trading for a few years and the system they used has clicked the light on for me. I am from Boston and I wanted to look up Jim Melnick and ask him some questions. The story how he moved to Chicago just to meet Richard before the add was even in the paper was remarkable to me. Amazing story that just shows, if you give the right people the tools they will succeed! Any help finding him would be greatly appreciated.
Mark L.
Boston Fire Department
On a trader college:
Dear Michael,
I am now after 5 years a competent (not yet wealthy, but soon) online FX trader, with trend-following a major component of my technique (thanks to guess who). I somehow found my way 5 years ago to your website with its surplus of posts & general market wisdom & straight talk, instantly grasping that this was essential and an oasis from the endless desert of bullshit, and it has made the difference. The psychological foundation you helped me lay with these collections of market-related info & common sense has been essential in my eventual success. I haven’t yet bought your course (I hope that doesn’t invalidate my gratitude), I just wanted to pass my heartfelt thanks, having returned to look at your website after a while of not visiting it, reminds me of how important & irreplaceable it is with no substitute on the internet. You shouldn’t just sell trading courses, you should start a college for traders…
Dimitri
On entry:
Dear Mr. Covel,
I am very happy that you decided to following up on and publish information concerning the Turtle experiment. The two books that you published are great and contain a lot of detail that is simply not contained anywhere else! For that, I thank you greatly! However, there are still some questions that I had that perhaps you could assist me with. I understand the original turtle rules but still have a couple of questions. First, do you start counting new highs after the price crosses over the moving average or do you base the count on the price itself? Second, once engaged in a new position and you get stopped out, do you continue to enter again endlessly after a new high or low has been made? I only ask this due to the fact that many trends that the original turtles looked for were not successful. Due to this fact, should a trader continue to to enter the market taking huge losses for a possible trend that may never materialize? Anything that you can do for me in this regard would be greatly appreciated.
Sincerely,
George B.
On Abraham:
Dear Mr. Covel,
I have read both your books ‘The Complete TurtleTrader’ and ‘Trend Following’. I love the both. I remember going to the book store a year or so ago, picking up The Complete TurtleTrader and then putting it back down. I wanted to learn more about investing, trading was of no interest to me. Yet strangely enough a year later in one of my MBA classes a classmate was reading the turtle book, I began talking with him about it and soon found myself going back to the bookstore to get my own copy. I was instantly hooked, and powered through your book in two days. Since that point I have been reading and trying to learn everything I can about trading, futures, trend following and technical analysis. Through my schooling and my job I have been trained to look at companies and investments from a very fundamental perspective, even in the face of the efficient market theory. Your description of trend following made so much sense to me. Your books have exposed me to a world which I find so interesting and I now want to do what people like Salem Abraham have done, I want to make trading my life. I am now to the point where I have a system I want to test. However, I am having trouble with the script writing in Wealth Lab Pro. The drag and drop function does not seem to provide all the necessary variables and parameters I am hoping to use. I am basically clueless when it comes to programming, I have finance and accounting degree, so it is a bit foreign to me. However, I do want to learn. I was hoping that you would be willing a able to provide the script you used for one of the systems you tested in Trend Following using Wealth Lab Pro. I want to use it as an example to learn from. I think if I had a script to look at I would be able to derive how to create my own. Thank you very much for your time and your assistance, as well as writing wonderful books.
Bradley S.
On insight:
Mr. Covel,
I just wanted to say hello and extend my thanks for what I considered an excellent book in ‘Trend Following’. While I have been trading for myself for quite some time now the recent market activity has taken my trading strategies and studies, as well as how I look at the financial markets in general, to new places that I would not have dreamed of a few years ago. Your books have represented a notable portion of that journey and new study. I hope to some day write you again in the future to confirm my success and give my regards once again, despite my past and current successes for now I still consider myself a humble student of trading the markets.
Kindest regards,
Adam W.
On batting averages:
Hi Michael,
Hope you are doing well. I came across your website/book when I did a Google search on “trading like a money manager”. Your website came in 4th below the sponsored links. I wanted to let you know that I am a early trader who has made some emotional mistakes during this crazy market that we have be experiencing. I had entered the market sometime in 1995 lost money and left it. Did not think about until this year again. I started out well however got caught up in the hype and lost money again. I started to watch some of your videos and also have been reading some of the blogs. What you describe is a very technical approach. Is there a batting average on this approach? Thanks.
Norman
On ETFs:
Greetings,
I have read and very much enjoyed both your ‘Trend Following’ and ‘Complete TurtleTrader’ books — how refreshing to find such clear, concise, no bull analysis. I am interested in purchasing the training but want to make sure it is appropriate for the markets I want to begin with. In particular I am most comfortable starting with ETFs (and mutual funds — though I find myself going more with ETFs because of the liquidity). I noted that most of the trend followers were in the commodity markets — but the texts and your site seem to indicate the basic approach would work with ETFs (though the returns may not be as dramatic). Am I correct in my impression? Thanks for your consideration — and thanks again for your work. Please let me know if you need more information to respond to my question.
Best wishes,
Steve M.
On day trading:
Dear Michael:
I have been a big fan of your blog and read ‘The Complete TurtleTrader’ cover to cover and am very interested in purchasing your system available on your Web site. Currently, I am a trader a private equity company, but we do not carry overnight positions and I noticed you said your system is not for day traders. Should I take that to mean I would not gain any benefit from purchasing the trend following system or would be more useful in trading longer time frames than just intra-day?
Thanks a lot,
Todd
On discounts:
Dear Mr. Covel,
I am planning to purchase the Trend Following Course w/ Audio CDs and I would like to find out about the student discount. Specifically, how much is the student discount and what proofs of enrollment do you require? I am a Finance/Econ major at the University of Nevada, Reno. I intend to pay via check instead of by credit card on the website, if that makes any difference.
Thank you,
Jason M.
On speculation:
Hello,
I’ve been and I am studying commodity and futures trading because I want very much to become a trader and I am ready to cope with the difficulties and risks of such a business, but I feel scared and frustrated by such declarations coming from someone who should know the difference between speculation and manipulation. What do you think? Is the futures trading business really in danger of extinction or is it just a witty remark said to look good before a Senate hearing?
Sincerely,
Marco G. (Italy)
On stops:
Michael,
We spoke Friday thanks for your time. My plan is to buy your course as I have been a big believer in Trend following as it makes intuitive sense and I want to really learn some robust methods. The nagging problem for me is that my experience has been lukewarm with trend following with stocks due to draw downs (some 40% and greater)now I did not use very tight stops as the program did not use them and I got whipsawed a lot. Do your methods discuss this problem of stop placements? What kind of draw downs should one expect? How about compounded annual returns? Monthly? I subscribe to Jim Rohrbach’s letter and over all have been happy with thee downside protection but not so much upside the gains over the last 6-7 tears. Although he has done much better than the market. Do you recommend any other letters that use trend following?
Thanks,
Keith O.
On freedom:
Michael,
I’m sure you get lots of letters from emotional, maybe almost rabid followers who sing your praises. What I can tell you about myself is, you’re making a difference in my trading and I want to take the time to thank you. I got pretty ill in the 4th quarter of last year - a ruptured appendix that went for 3 days undetected and according to the medical professionals, was 12 to 24 hours away from critical. A serious infection, and two weeks of IV at home twice a day only to be followed up with a surgery to remove my gallbladder and my reality suddenly became something like thoughts of making my wife a widow at 26 years old. We all have stories and different motivations. My motivation was one for change in my life, including selling my business and starting a new life. As a trader, I’m afforded the freedom and flexibility of my time something I cannot easily put a price tag on. What I can tell you is that the prospect of that freedom is not something that I’m going to easily give up on and you’re helping me fight that battle. I can’t thank you enough.
Ben H.
West Palm Beach
Corporate Feedback:
On raising money:
Dear Michael,
I have been reading your post and books since a couple of years. I found them priceless. And I can tell you this from my position of Fund Manager in the Spanish industry of Asset Management. I was the manager of the Fund since January 2008 until the beginning of November 2008. As you can guess because I am writing you, I use mainly trend following strategies applied on many products and different time frames..I just wanted to ask you if it is different around your network. Maybe in USA there is some thirsty for absolute return managers being trend following their core strategy (we use other strategies to “smooth” the volatility). In some way, this letter can be consider as an offer to you. I wanted to write you in another circumstances (maybe in a speech you can give to our Jurassic Spanish Asset Management industry?), but here in Europe our potential clients just think that if you can earn money in any condition, it is because you are another Madoff.
Best regards,
Marcos P.
On spreading the word:
Hi Michael,
My name is Adam A. and I work for a major Swedish bank. Me and four of my colleagues started a manged futures operation within the bank about 2.5 years ago, after spending several years doing research. While we employ a lot of different sub-strategies in our fund(s) I guess it’s fair to say that we are systematic trend followers. Or put differently, we do quantitatively driven, systematic directional trading. What is somewhat (or very) unique with our fund is that we created it with the retail investor in mind. Thus, there is no minimum investment level in our fund…What I wanted to check with you is if this sort of success story is something you would want to write about? Spreading the word that there is a manged futures retail fund out there, sort of speak. Today 90% of our flows come from Swedish customers (in SEK), the rest from Euro-investors (in EUR)…Please let me know if this is something that you would like to do something with.
Kind regards,
Adam A.
On regulation:
Michael,
Thanks to your books and website, I have been enjoying spectacular returns like other trend followers. I am very interested in setting up my own fund, but am confused on the steps I need to take with the regulatory bodies. I’ve been on the NFA and CFTC websites but am unclear on exactly what I need to do. I was wondering if you knew of anyone I could speak to or email back and forth with that could help me out and give me some guidance (almost like a mentor). Right now I have 2 solid years of performance, and wanted to get this year under my belt before setting up my own fund and marketing myself.
Thanks again,
Patrick B.
On automation:
Hi Michael,
Congratulations on a fascinating book. Ever since I read it a year ago I have been inspired and looking and working on my own systems programming and found your suggestions at the end of your book on ‘Trend Following’ for building a system very succinct and helpful. The only problem is that I keep hearing how John W. Henry has managed to build a system that works across all markets and no matter how hard I try I just cant seem to find the answer. I have systems that are good on currencies (back-tested over 30 years) but useless on indexes, or systems that are good on indexes, but useless on commodities. I have tried breakout systems (89 day with 13 day trailing stops) MACD crossovers using long and short moving periods, etc. I am a spot FX day trader profitable until this current period of volatility. I want to go automated. Any help would be greatly appreciated.
Sincerely,
Ian
On confirmation:
Hello,
If my technique has back tested with a 100+% year last year, a 87% return in 2007 and a 73% return in 2006 I think that the technique is correct or at least on the right track. I have the discipline to follow the technique since I have always traded with a systematic type system. I was just looking for some advice to confirm if my technique is good or not. I wanted to use your expertise since you seem to have the most experience in this area. What then would you recommend for someone like me? I have the FX system and about $10,000 to trade it live. I think this is feasible due to the capabilities to trade mini lots, while using money management techniques. This is the only risk capital that I have. Please advise… Sorry if I am a pain in the neck, but I want to be on the right track as I want to trade (Trend Follow) for a living.
Phil
On the early days:
Dear Mr. Covel,
My name is D. L. and I am reading with much interest your book about Turtle traders. I was Pillsbury’s wheat trader in the pits from 1980 to 1983, and traded size with C&D many times. Dennis, Willis, the O’Briens, etc. You are correct - we (Pillsbury) were huge traders, and we had vast amounts of info at our disposal. Pillsbury was deadly when compared to the Cargills of the world in those days because we all had our own profit center trading accounts in addition to working the enormous commercial hedge balances. Cargill and the others had employees, but Pillsbury had traders. They did not stand a chance…I have been drafting my notes…, but frankly am a trading mind, and not gifted with the prose. If you are interested in a true “Trading Places” type event for a book, feel free to contact me. Good job with the book.
As always,
D. L.
On too many traders:
Hi Michael,
I am a Finnish asset manager and I have to say that I really appreciate your work. I only wish people would not believe you because with too many trend followers around my methods might not work anymore some day.
Regards,
Sami U.
Some general responses:
1. Many of the answers to these questions are posted on my FAQs here. Of course, the writers themselves all received personal responses and the vast majority either are or have become clients.
2. I have tried to be as comprehensive as I can with my books, and there are thousands of pieces of trading wisdom assembled in both, but they can’t be everything to everyone. People have questions. They often want personal support. For readers who want to gain more than my books and home study, I do offer options.
3. I have always had two types of potential clients: those who realize that I provide useful information for a price and those looking for something free. My business serves both of those clients. My websites (and my books) are loaded with free information. Perhaps more unique pieces of trading information are assembled on my sites over any other online location. So, if all you want is “free” there is plenty of that. That said, free is not everything. My paid assistance can save you time and money over the school of hard knocks. And as we all know the school of hard knocks can be expensive!
More Feedback and Testimonials
Stocks & Commodities Magazine Review.
There are no hollow promises. Instead, every statement asserting the power of these methods is backed up with empirical data and coupled with the caveat that the key to trading success is discipline, trading the markets every day and money management (or to ‘preserve capital until more favorable price trends reappear’). This site offers no comfort to those who are looking for a quick buck or the Holy Grail, and the proprietors don’t seem to suffer fools gladly. The message is open, honest, straightforward and makes no hyped-up promises. It sticks to the facts; it is one of the best system trading sites for futures traders I have seen.
Gibbons Burke - Futures Magazine Review
Director of Technical Analysis Products
Dow Jones Markets
Effort is looked at by all and judged by few correctly. You are judged as with good intentions and integrity.
Art Simpson
for Phantom of the Pits
Futures Magazine
You may be interested in a study on CTAs that I published. I basically find that there is one dominant trading style in all CTA funds. That style has been called trend following style. He added: It is not surprising that big moves occur in equities, bonds, currencies, and commodities at the same time. They are responding to the same set of economic fundamentals. I think the biggest selling point for Trend Followers is not so much that they make money, but they make money during down markets in equities. [Also] It is interesting that, when equities move down, there seem to be more and bigger trends in other markets for Trend Followers to capture. Because the profits captured by Trend Followers during these times are greater than during other times!
David A. Hsieh
Duke University
I must say that as anyone with a pulse, I was skeptical of your site. But the more I read, the more I’m convinced that you guys are serious and professional. Your website is like a breath of fresh air in a virtual world filled with get rich quick schemes [and] trading systems. Kudos on a fantastic site, not only is it bursting with info. it is very well crafted for navigating and aesthetically pleasing.
Feedback
First of all, I find your web sight highly informative and concrete. There is so much garbage out there in terms of vendors’ claims and statistically insignificant trading ideas that it’s very easy for the unsophisticated trader to get sucked by this crap. It’s refreshing to visit yours.
Feedback
I am very impressed with your website. I was pleasantly surprised by the way you market your product. You suggest many educational books and studying before ever recommending a client order any of your products. I am in the process of reading a few of your selected titles.
Feedback
Your web site is great and thankfully doesn’t have that crass, money grubbing feel to it. Congratulations!
Feedback
Your patience and speedy replies [to my support questions] are rare in the business world today and are greatly appreciated.
Feedback
I’m really impressed with all the help you’ve given me, it really has made a big difference. You should know that yours is the only program I’ve purchased. I’m exceedingly skeptical - 99.9% of the crap peddled as systems or in books is at best incompetent and at worst criminal. So it took about a week (and reading every single page of your web site) to purchase your materials, but they showed consistency and logic and common sense. I am glad I did - I have really learned a lot.
Feedback
I appreciate the questions/support aspect of this package very much. I have recently decided to go on my own, and make a complete commitment to trading with the intention of forming hedge or futures fund once I gain more experience and a track record with my own account. My point is that I take this seriously, and I appreciate the help.
Feedbackt
The section on money management will save me the purchase price in losses. After two or three reads, the section on risk and expectation clicked. Is was like a light coming on.
Feedback
I have been looking for a 100% systematic approach to trading that followed trends. Once I read about Trend Following, I knew that’s what they were taught, and I wanted to know what they knew. These methods are what I’ve been looking for ever since I started in this field. I appreciate your patience and information that you have provided. Once again, thanks for the help you have provided.
Feedback
I’m backtesting the data you sent me [with the full package and it is a] very impressive amount of information.
Feedback
I have to thank you for your service. I have been involved in the trading arena since 1995 and have at different times been a broker and trader and have been witness to some of the biggest hypes ever devised. I have seen droves of unsuspecting people being led to the slaughter by unscrupulous marketers, themselves having only the tiniest bit of trading knowledge or experience, pushing the latest Holy Grail. With this overview I’ve become very pessimistic of any type of trading program. It took me a long time researching your site before I finally bought the program. It was the greatest investment I have made. Before your program, I have bought and read countless books on trading and never has the information on money management been addressed like you do here. Definitely the most important issue in trading. It took me a while to shake the market entry and timing bug and focus on money management but once I did it created a simplified trading process and makes it much easier to stomach being in the markets. I am still chewing on a couple of the techniques and refer to the manual frequently but believe, in time, they will all become second nature. Thanks again for standing up and putting out a program that is real and keep up the great support.
Feedback
I’d just like to ’share’ a bit here. I’m an ex Goldman employee and worked in the big bad world of banking for six years. Not only do you guys have the confidence to tell it exactly how it is, which to my mind means it’s REAL (makes a nice change), it seems you’re not too keen on Goldman, which makes me feel so much better. It kind of indicates to me that my hunches and instincts about that firm were right, or at least that I’m not alone in my suspicions about it. Load of hype eh?! I look forward to hearing from you, and indeed to learning your methods and putting them into practice. Keep up the good work!
Feedback
Took a few minutes earlier today to look at your site. WOW! Now that’s the power of the Internet! Loved it! It sure is thorough and informative. I plan on going back when time permits. I’ve always loved the futures markets and trading. I’ve been a small time speculator, on and off, for years. I haven’t been active for several years but it’s still in my blood. What do you think? Is it too late for a 45 year old to make a career move as drastic as going into trading full time? I’ve always had the fever for this industry. Thank you for your time, and for putting forth a GREAT product.
Feedback
I am an Italian trader and I want to offer you my congratulations. Your site has all the right concepts about trading, not like so many others. People use fundamental analysis, technical analysis (methods like Elliot, Gann, Fibonacci, pattern recognition and other technical indicators that are completely useless) or new technology like neural networks or genetic algorithms because they want to predict markets, control the market and because they do not know the really important things for trading success. We must have rigid money management rules and control volatility. If we do not do this and the market go against us, we will lose.
Feedback
Thank you very much for the suggestions! I TRULY appreciate the quick and to the point responses. If any potential customers have questions in regards to client support, I will gladly recommend the site and acknowledge the professionalism of the staff. I will paper trade a few months and then start with stocks and mini contracts as suggested. If you need any references in regards to the follow-up support that you provide, again I would be happy to answer any skeptics!
Feedback
This has got to be the most prolonged reading session by computer that I have ever done, thank goodness for the speed reading course I did last year. Having once connected to your website I was glued to it. The information you provide seems to me to be the most realistic representation of profitable trading I’ve seen anywhere in my search for a successful trading education so far. Thank you your site itself was an education…Presently I am involved in trying very hard to legitimize my previous purchase of a Gann based trading system but find that reading books from the early part of the last century written by a man who would have greatly benefited by the services of a good proof reader and who definitely had a knack for writing in the most obscure fashion extremely arduous. What’s more this company sounds similar to the ones mentioned in your website that have an introductory package that encourages you strongly to purchase more highly priced continuation packages. I feel I am destined to failure if I continue down this path as in future packages greater and greater emphasis is placed on calling probable market highs and lows in advance. I guess what I am asking in the above is - Is the Trend Following package readily understandable by someone with limited experience in the world of international money markets? I do not have a great amount of free capital that I can commit to trading approx. $15000-$20000. Would I be wasting my time pursuing trading at this stage…or would I be best advised to wait until I have attained more capital? I would be certainly interested in the product you are offering as the more that I read about trading the more I realize how important money management is in trading success and certainly this is one message that comes across loud and clear in the material that you have presented. Thank you very much for taking the time to read this.
Feedback
Our Clients Are in 72 Countries
The majority of our clients are individuals or independent traders. They are in 72 countries and territories. Below are the countries and some cities in which his clients reside (The cities listed are not all cities, but a sample). Sampling of where clients work?
- United States
We have students in all 50 states. - Andorra
- Argentina
- AustraliaSample cities where students live: Albany, Albany Creek, Attadale, Bellerive, Belrose, Brighton, Brisbane, Bronte, Buderim, Cairns, Campbelltown, Campsie, Canterbury, Carrara, Christies Beach, City Beach, Claremont, Como, Doncaster, Eden Park, Eungella, Fairlight, Footscray West, Frankston, Freshwater, Glen Waverly, Glenunga, Gnadendorf, Highett, Hobart, Indooroopilly, Lapstone, Malvern, Manly, Maroochydore, Marrickville, Melbourne, Mitcham, Mossman Bay, Mossman, Narwee, Newtown, Ningi, North Sydney, North Tamborine, Paddington, Panania, Perth, Queensland, Redfern, Rostrevor, Richmond, Rozelle, Ryde, Sandringham, Shaolhaven, Smithfield, Stirling, Subiaco, Summer Hill, Sydney, Tootgarook, Victoria, Wavertown, Wellington Point, West Perth, Weston, Windsor, Wollongong
- Austria
- Belarus
- Belgium
Sample cities where students live: Brussels, Gent, Steenokkerzeel, Vosselaar - Bermuda
- Botswana
- Brazil
Sample cities where students live: Belo Horizonte, Curitiba, Rio de Janeiro, Santana de Parnaiba, Sao Paulo - Brunei
- Canada
Sample cities where students live: Abbotsford, Aurora, Bancroft, Bathurst, Beaumont, Bonne Bay, Bonnyville, Boucherville, Bracebridge, Brampton, Brantford, Burlington, Burnaby, Calgary, Canterbury, Carrolls Corner, Cochrane, Coquitlam, Cranbrook, Dartmouth, Delta, Edmonton, Errington, Gatineau, Grande Prairie, Halifax, Kelowna, Kitchener, Lachenaie, Little Britain, London, Maple, Markham, Mattawa, Medicine Hat, Mill Bay, Mississauga, Montreal, Mouse Jaw, Nanaimo, Nepean, New Westminster, Niagara Falls, North Vancouver, North York, Oakville, Oshawa, Ottawa, Pickering, Port Coquitlam, Richmond, Salmon Arm, St. Albert, St. Laurent, St-Alexis, St-Sauveur, Salt Spring Island, Scarborough, Summerside, Surrey, Sutton, Toronto, Val des Monts, Vancouver, Varrennes, Vaudreuil, Verdun, Victoria, Wainwright, Waterloo, Wellesley, West Vancourver, Winfield, Winkler, Winnipeg, Yellowknife - China
- Colombia
- Côte d’Ivoire
- Croatia
- Cyprus
- Czech Republic
- Ecuador
- Egypt
- El Salvador
- Estonia
- Finland
- FranceSample cities where students live: Bordeaux, Cergy, Le Vesinet, Louveciennes, Malakoff, Manduel, Paris, Paudex, Vallon Pont d¹Arc, Ville-sur-Yron, Vincennes
- Germany
Sample cities where students live: Bonn, Bad Soden, Berg, Berlin, Bielefeld, Cologne, Duesseldorf, Euskirchen, Filderstadt, Frankfurt am Main, Grainau, Groebenzell, Hallstadt, Hamburg, Herrenberg, Herzogenaurach, Hofheim, Jena, Kirchheim-Teck, Koenigswinter, Leipzig, Mistelbach, Moenchherrnsdorf, Muehldorf, Muenchen, Munich, Neu Isenburg, Niddatal-Assenheim, Rosenheim, Scharbeutz, Stuttgart, Sulzbach, Wiesbaden, Woelfersheim - Gibraltar
- GreeceSample cities where students live: Athens, Naxos, Piraeus, Thessaloniki
- Hong Kong
- Hungary
- India
- IndonesiaSample cities where students live: Bandar Seri Begawan, Jakarta, Javiarta, Jember, Tel Betung
- Ireland
- Israel
- ItalySample cities where students live: Bologna, Campione, Campobasso, Castelliri, Chiampo, Genova, Milano, Parma, Rome, Valgioie, Volterra
- Japan
Sample cities where students live: Atsugi, Nagoya, Tokyo - Kazakhstan
- Kenya
- Kuwait
- Lebanon
- Liechtenstein
- Luxembourg
- Malaysia
Sample cities where students live: Johor Bahru, Kuala Lumpur, Kulim, Petaling Jaya, Selangor, Subang Jaya - Malta
- Mauritius
- Mexico
- Monaco
- Nederland
Sample cities where students live: Amsterdam, Bergen op Zoom, Budel, Delden, Enschede, Hoofddorp, Hoorn, Maassluis, Maastricht, Nijmegen, Rijswijk, Soesterberg, Son en Breugel - Nederland Antilles
- New Zealand
Sample cities where students live: Auckland, Christchurch, Hamilton, Lowerhutt, North Shore City, Wellington - Nigeria
- Norway
- Oman
- Panama
- Peru
- Philippines
- Poland
- Portugal
- Russian FederationSample cities where students live: Chelyabinsk, Krasnoyarsk, Minsk, Moscow, Samara
- Singapore
- Slovak Republic
- South Africa
Sample cities where students live: Bloemfontein, Cape Town, Dubanville, George, Hout Bay, Johannesburg, Musgrave, Randburg, Rosebank, Sandton, Saxonwold, Sun City, Welgemoed, Witbank - South KoreaSample cities where students live: Inch’ on, Koyang, Seoul, Taejon
- Spain
Sample cities where students live: Barcelona, Cabrera de Mar, Dantiago de Compostela, Formentera, Javea, Madrid, Mallorea, Marbella, Sant Pol de Mar - Sweden
- Switzerland
Sample cities where students live: Aarwangen, Altendorf, Campione, Cadenazzo, Chailly-Montreux, Chene-Bougeries, Chrissier, Geneva, Greng, Grimisuat, Kloten, Kusnacht, Lausanne, Lucerne, Lugano, Ottenbach, Paudex, Pully, Steinhausen, Wettswil, Zurich - Taiwan
- Thailand
- Turkey
- Ukraine
- United Arab Emirates
- United KingdomSample cities where students live: Ascot, Aberdeen, Abergavenny, Addlestone, Ashton Keynes, Bath, Basildon, Billericay, Birmingham, Blackburn, Blairgowrie, Boughton Monchelsea, Bristol, Bromley, Burgess Hill, Burnham-on-Crouch, Camberley, Cambridge, Cardiff, Chesire, Crickhowell, Driffield, Dudley, Eastbourne, Egham, Elstree, Enfield, Essex, Etchingham, Folkestone, Glasgow, Grantham, Greenford, Guildford, Halifax, Harefield, Haslemere, Hildenborough, Hove, Kenilworth, Keston Park, King’s Lynn, Leeds, Leicester, Lichfield, Liverpool, London, Loughton, Manchester, Margate, Marlow, Middlesex, Minehead, Nairn, N. York, Newbury, Northallerton, Northampton, Oakham, Oldham, Ombersley, Oxford, Peacehaven, Plymouth, Poole, Porthleven, Richmond, Ruislip, Saltdean, Seaford, Sevenoaks, Sheffield, South Brent, Southampton, St Albans, St Andrew, St Brelade, Stevenage, Stirling, Surbiton, Sutton Coldfield, Talaton, Tauton, Twickenham, Uxbridge, Walthamstow, Winchester, Windlesham, Windsor, Worthing, Wotton-under-Edge, Woking, Wooburn Green, Woodstock
- Zimbabwe
