The Most Actionable Peer-to-Peer & private money lending news from around the world all in one place.
With more and more stock market investors considering the option ofday trading for a living, the rise of day trading schools is noticeable.
Some are really good and some are severely over-selling their true value to day trading beginners. And unfortunately, questionable Day Trading Academy reviews have become a bit of a concern. So were going to investigate whether or not you can trust the high praises that youll find for the Day Trading Academy online.
The Day Trading Academy was started in 2011 by Marcello Arrambide, a well-known day trader since 2002, he has his fans buthe (and his day trading classes) definitely has some strong critics within the day trading community.
Lets look at how The Day Trading Academy operates according to day trading school reviews and later well look at some day trading academy complaints.
According to many Day Trading Academy reviews, there is a more personalized teacher/student relationship with this course and a unique style of trading taught. The Day Trading Academy focuses primarily on trading near market open, attempting to profit by only trading for a couple hours each day.
Students can send in trading charts and day trading logs that their teacher will review, critique, and comment on. The corrections and recommendations that the day trading teacher gives about the students logs will be formatted and sent in a personalized video to the student. And according to day trading academy reviews, the teachers do a great job responding quickly to student questions and concerns via email.
Also, there are live day trading lessons every week, where The Day Trading Academy founder himself, Marcello Arrambide, or sometimes a successful day trader student, will discuss whats currently happening in the markets. The teacher of these live weekly training sessions will also notify their day trading students of the trading opportunities that are presenting themselves. Again, this is according to day trading school reviews that we may or may not be able to trust. More on that later in this article…
If youre wondering how much is Day Trading Academy training, it differs depending on which year of training youre in.
– After your first year ends, you can pay $150 per Month for access.
So while you are able to pay month-to-month after the 1st year, the $150 per month would equal $1,800 per yer, again, thats after the first year of day training classes have been paid off at the sum of $2,000 in a lump sum.
Needless to say, whether this is the best day trading school or not, these day trading classes are far from cheap. Definitely not meant for people trying to learn how to start day trading with 100 dollars.
And when considering how much it costs to take The Day Trading Academy classes, youd surely expect to get every pennys worth of day trading education and that is exactly why people search so diligently for The Day Trading Academy reviews before paying such a high price for the school. But that leads us to some sketchy aspects of The Day Trading Academy reviews online that have caused many not to trust them.
So as you search around online for how does day trading work? and Day Trading Academy reviews, you may find various positive Day Trading Academy reviews saying its the best day trading school anywhere.
But WHY are these Day Trading Academy reviews so overwhelmingly positive?
Well, one thing to consider with the review of these particular day trading classes is that current members receive one free month (the equivalent of $150) when they leave Day Trading Academy reviewsof the service on the internet and alert the company. Nothing criminal, but you can imagine how this could skew the results of unbiased Day Trading Academy reviews.
Now dont misunderstand the point, The Day Trading Academydoes not instructtheir members to leave a positive review, but it seems pretty obvious that the day trading school wouldnt give a free months subscription to someone who left them a harshly negative review. After members leave a review, they simply tell The Day Trading Academy the name of the review site used, the name they left the review under and afterwards The Day Trading Academy credits the members account for a free month of day trade training (normally at the rate of $150).
Now to be fair, if The Day Trading Academy was a horrible school people likely wouldnt leave positive reviews in order to get another free month of a worthless product. But it is something to note that The Day Trading Academy does provide a strong incentive for their members to give Day Trading Academy reviews, not every student is doing soout of pure love of the classes.
And think about it… If a student was on-the-fence about this day trading class, or even mildly underwhelmed after paying for a full year of training, couldnt you easily imagine someone leaving a positive review in order to get one free (extra) month of training so asto figureout if they want to continue or not? It just makes sense to do.
When we consider TheDay Trading Academy complaints that arise, none are more damning than the accusation of fake reviews from the owner of The Day Trading Academy himself, Marcello Arrambide.
One such incident was caught and exposed on theFutures.IO forum.
Many of Marcello Arrambides detractors felt vindicated in seeing his actions being exposed when he was caught red-handed trying to leave a positive Day Trading Academy review on futures.io while posing as a client. Take a look at this screenshot below claiming that DTA is the best day trading school….
The well-respected website administratorat futures.io banned Marcello after the fake review and left it up for all to see. He left a note saying…
He pretends to be a user, but in actuality he is the vendor discussed in this thread – The Day Trading Academy. I have proof of this.
This should tell you all that you need to know about doing business with this company. I have left the post intact for others to see.
The main issue that many day trading insiders have with The Day Trading Academy is that none of the claims made by Marcello Arrambide are supported by any proof, The Day Trading Academy website has been up for 5+ years now but were yet to see a 3rd-party verified track-record unlike some of his day trading educator peers. Instead of showing statements or real-time day trading results,investorslooking for proof are offered a bunch of questionable testimonials.
Another issue that some in the day trading community have a problem with is the style of trading promoted at The Day Trading Academy.
The Day Trading Academy teaches day trading using several indicators;Bollinger Bands, EMA and MACD. And a 2 point profit target, allowing a 1.25 stop-loss when trading ES contracts. This is not viewed as the most sophisticated way of trading Emini Futures.
Then students can move on to a more advanced style of trading, that involves a more holistic view of the market, and trying to feel what the market price is doing. Again, this isnt widely viewed as a sound way to trade because it encourages traders to involve their emotions in day trading, thats not how day trading works. The most basic stock advice amongelite and proven day tradersis that its absolutely vital to tradewithout emotion.
So in conclusion, its obvious that the positive Day Trading Academy reviews youll find littered online are highly suspect and that if you are searching for day trading schools or online classes, you should choose a mentor that will show you proof of success and is eager to show you their receipts so to speak.
But on the other hand, real day trading gurus that show their real trading screens and successes get called arrogant show-offs. So, no day trading teacher is without his or her detractors, youll have to decide for yourself which complaints are frivolous, which are worth listening to savingyou wasted time and money.
[RELATED ARTICLE:Day Trading For a Living? Is day trading profitable?]
Peer to Peer Lending Sites Review 1- Full Disclosure
30 Peer-to-Peer Lending Experts Reveal Their Top 3 Investing Tips
Debt Consolidation Loans: 25 Personal Finance Bloggers Discuss P2P Loans
What Do You Need to Know About Property Lawyers?
Is it Smart to Lend Money to an Online Freelancer?
The Role of Education Planning as College Tuition Continues to Rise