Day traders have to be cautious about where and how they spend hard-earned money. Traders must cope with unlimited loss in the markets, broker fees, taxes and other hidden obstructions during the path to success. An additional burden is placed when traders seek to improve results – whether its a day trading course, software or private coaching, avoiding all of the scams can be difficult. Thankfully, common sense allows us to discern the real-deal from the scams by using the following criteria:
How many reviews does the said product have?
If no one has heard about a day trading vendor or product, then chances are, it’s either: 1. Too new or 2. Untrustworthy. Day Trade to Win, as a web entity, has been around since 2004 The price action methods taught in the courses have been around longer than that. John Paul has been trading for over 15 years. With that said, people only review products worthy of investment.
What are the sources of the reviews?
While forums and review sites are great places for open discussion, many of these websites (at least in the day trading world) are in direct competition with day trading vendors. Most day trading forums sell day trading courses, software, membership access or other exclusive material. The casual web surfer comes across these websites and comes across information which may be misleading – that is, slightly bent in favor of the site itself. Far too often, these sites are filled with accusation, speculation and the “guilty until proven innocent” mentality. There are “good” review websites out there, which are independent such as about.com and investimonials.com. These have no agenda as they offer a wide range of products / vendors. If you’re looking for honest reviews on Day Trade to Win, check out those sources.
Does the day trading course offer any live presentation events?
The phrase “put your money where your mouth is” really applies here. Any day trading company that is willing to demonstrate a technique or strategy to a live group of attendees shows confidence. Webinars conducted by John Paul of Day Trade to Win let attendees ask questions and are immediately answered. If a company is only willing to provide screenshots and text, that’s like saying “trust us – it works.” In this day and age, traders need more than that.
How frequently is the website updated?
Any web page that has remained unchanged over a long period of time indicates a lack of interest or commitment on behalf of the website owner. Blogs are a must-have nowadays, and offer a perfect platform to easily produce and manage content. There’s almost no excuse for not creating posts on a regular basis. John Paul from Day Trade to Win keeps the Day Trade to Win Blog, showing day trading videos and proof of recent trades using the Atlas Line and other tools.
What type of guarantees are offered?
Money-back guarantees are becoming increasingly popular. They are an excellent marketing tool, indicating legitimacy to the customer. Be sure to read the fine print though, because this usually doesn’t cover software programs like indicators. Day Trade To Win offers a 30-day money back guarantee with most products, providing you give evidence of failed trades. This is an excellent model, as it provides protection for the buyer and the seller.
Are there multiple products offered or one “holy grail” method?
While it’s possible to have a day trading course that is an all-inclusive method, consider the following: if an experienced day trader comes up with a highly profitable method, chances are, he or she has also invented other techniques that have been successful along the way (such as scalping or recognizing other profitable trends). Having a diverse collection of strategies indicates experience with day trading. Day trading vendors who seemingly pop up overnight with one product lack the general know-how of how markets work. This is what sets Day Trade to Win and John Paul aside from the scams.
Do they offer any realistic looking testimonials?
Anyone can write a review using a false identity claiming profit. It’s another thing to see video testimonials from real traders who have been successful. Day Trade to Win shows such testimonials, and they keep coming in.
Are there any results offered or proof of profits?
Anyone can doctor a photo or say “over XX%” trades are accurate. This is not enough. We live an an evidence-based society. Showing verifiable trades is required. NinjaTrader, along with other platforms, offer historical data and back-testing capabilities. This allows for traders to develop their own strategies and test those of others. Day Trade to Win keeps their results page updated, with recent trades on numerous markets using the Atlas Line indicator and Power Price Action method. This sets Day Trade to Win aside from any possibility of being scam.