Base Camp Trading advertises itself as a trading education platform with classes and trading rooms for beginners and professionals. The company also sells trading indicators and workshops. But it lacks some of the qualities of a legitimate business.
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They offer useless goods.
Base Camp Trading is a program that claims to teach students to make a living trading stocks. It provides its members with a variety of training programs, including webinars and a live trading room. The program is also designed to help its users scale up their businesses. It will teach you how to create a blog, email marketing, search engine optimization, and much more. It is important to note that this program does not guarantee that you will make money. It is also important to know that you should not invest all of your money in this system.
The program is based on the belief that technical analysis is not the best way to predict price movements in stocks. It is also based on the notion that a stock’s price can be changed by countless factors, which makes it difficult to pinpoint its direction. However, this doesn’t mean that you can’t make money trading stocks. The key is to find a strategy that works for you and stick with it.
Drew Day is a trading coach who has been working in the market for over 16 years and is also a public speaker. He has published many testimonials from people who claim to have made a living trading in his live trading room. He is also a frequent guest on podcasts and blogs to talk about his trading strategies. However, these claims are misleading and have not been verified by a third party.
In addition to the trading rooms, Base Camp Trading offers a daily morning market recap video, a weekly outlook video, and a 24/7 chatroom for its members. They also offer a new member orientation session, trading style programs, and other trading-related content. However, it is not clear if these benefits are worth the $147 monthly subscription fee.
Unlike most trading education platforms, Base Camp Trading does not disclose any of its trading performance or trades on its social media accounts. In fact, it is quite possible that the founders of this program are not even actively trading. Instead, they might be collecting a paycheck from the company as consultants or paper traders.
They have no track record.
Despite having fancy titles and a lot of snake-oil trading indicators, the team behind Base Camp Trading has no track record of actually making money on the market. Their website boasts of their students’ supposedly impressive profits, but these figures haven’t been verified or audited by anyone. In fact, these gurus don’t even trade on their live brokerage accounts. Instead, they make their money by selling worthless trading lessons and educational seminars.
The company’s landing pages are flooded with useless products that are sold at ridiculously low prices. For example, you can get a course, trading room, and VIP client assistance for only $7! These kinds of offers aren’t sustainable in the long run, but the company has managed to fool both new and seasoned traders.
This trading scam is based on repackaging old garbage and selling it to unsuspecting customers. They have no real pros in their trading rooms, their courses are useless, and their information is contradictory. The only way to make real money in the stock market is by learning how to manage your risk and sticking to a solid strategy.
Drew Day has a YouTube channel under his name, but the last video was made over a year ago, and he never shows his face. He also has a Twitter account with a picture but hasn’t tweeted in five years. Similarly, Thomas Wood is another trading guru with an impressive resume but no actual experience. He claims to be a CTA and runs both options and futures chatrooms, but neither of these are very different.
While it’s true that it is possible to become a profitable trader, it’s not easy and takes a lot of time and energy. It’s also important to understand that it’s not a get-rich-quick scheme and can take a decade or more to hit the top. And it’s not even guaranteed to be profitable if you do succeed. That’s why it’s essential to do your research and choose the right trading brand for you. The more you know about the product and the people behind it, the better decisions you can make.
They charge a lot.
Trading can be a rewarding experience, but it is also a very risky business. The risks can be great if you don’t have the right training and tools. Luckily, there are several ways to learn trading without spending a lot of money. One such way is by joining Base Camp Trading, a company that offers a free live trading room for new members.
This trading platform promises to help new traders and seasoned professionals alike. They offer a 30-day trading challenge and promise that students will be able to learn a long list of skills within the month. However, these claims are not backed by any evidence and sound more like a marketing gimmick. The company also offers screenshots of alleged student profits, but they are not verified or audited by any third party.
The company also offers a subscription service for its traders, which gives them access to morning market recap videos and training, the daily climb, the weekly outlook, and a 24/7 chatroom. These features are designed to help traders improve their performance and increase their earnings. The membership also includes a monthly newsletter that covers technical analysis and provides trading opportunities. It also includes a weekly webinar that discusses the latest market trends.
Traders can also get help from their mentors, who are experienced traders and can guide them through the process of learning to trade. Moreover, they can also ask questions in the chatroom. Base Camp Trading’s live trading room is a great place to learn from other traders, as they can see how others trade in real time.
The founders of the company claim to have a high success rate, but this isn’t true. Many people have failed to make their own trading strategies work, and it’s difficult to make a profit with such little capital.
They have no customer support.
Base Camp Trading has a lot of different products and services, including trading rooms, courses, VIP customer support, and more. Unfortunately, the company lacks a few key qualities of a legitimate company. There are no performance disclosures, and there are no ways to track the trades made by their partners. These issues are especially important for new traders. The company does offer a 14-day trial of their live trading room, but it’s still not enough to test the service.
The company has a website with a number of different trading lessons and indicators, which can be expensive if you’re a beginner. Their cheapest product is $7, but their workshops cost several hundred dollars. They also have a private trading consultation option, which costs $200 per hour. The company claims that this is a good deal, but it’s not.
Most of the people who work for this company are not professional traders. They may have degrees in finance, engineering, or business, but they don’t actually know anything about the stock market. Their social media accounts are usually empty, and their trading moderators talk about nothing but fluff and useless banter. I was irritated when the trading moderator, Thomas Wood, kept talking about his trades, but he didn’t actually trade.
It’s also worth mentioning that many trading gurus only paper trade or don’t even invest at all. This is a common practice, and it’s why Base Camp Trading is not a legit business. Dave Aquino looks competent enough on paper, but there is no proof that he actually turns a profit. His resume claims that he has 16 years of experience as a hedge fund manager and has managed over $650 million in assets, but it isn’t clear whether he actually makes money.
Fortunately, there are other ways to make money from home. If you’re interested in passive income, consider becoming a digital real estate landlord. This can be a great way to earn money while you’re at home or on the go. The best part is that you can start with a small investment and grow your rental portfolio as you learn how to manage it.
