Questionable Day Trading Academy Reviews Raise Doubts

day trading class day trading school reviews

With more and more stock market investors considering the option of day 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 we're going to investigate whether or not you can trust the high praises that you'll 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 but he (and his day trading classes) definitely has some strong critics within the day trading community.

Let's look at how The Day Trading Academy operates according to day trading school reviews and later we'll look at some day trading academy complaints.

Day Trading Classes With a Personal Touch?

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 student's 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 what's 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...

How Much Does Day Trading Academy Cost?

If you're wondering how much is Day Trading Academy training, it differs depending on which year of training you're in.

1st year of day trading class with The Day Trading Academy:

- One time payment of $2000 for 1 Year.

After the 1st year of day trading classes:

- 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, that's 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, you'd surely expect to get every penny's 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.

Can Day Trading Academy Reviews Be Trusted?

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 it's 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 reviews of 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 don't misunderstand the point, The Day Trading Academy does not instruct their members to leave a positive review, but it seems pretty obvious that the day trading school wouldn't give a free month's 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 credit's the member's 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 wouldn't 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 so out 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, couldn't you easily imagine someone leaving a positive review in order to get one free (extra) month of training so as to figure out if they want to continue or not? It just makes sense to do.

Fake Day Trading Schools Review From Day Trading Academy Founder

When we consider The Day 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 the Futures.IO forum.

Many of Marcello Arrambide's 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....

Day Trading Academy Reviews scam

The well-respected website administrator at 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."

-Mike

Day Trading Academy Reviews - day trading classes

Why Many Insiders Don't Respect DTA's Day Trading Class

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 we’re 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, investors looking 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 isn't widely viewed as a sound way to trade because it encourages traders to involve their emotions in day trading, that's not how day trading works. The most basic stock advice among elite and proven day traders is that it's absolutely vital to trade without emotion.

Key To Finding The Best Day Trading School: Cautiousness

So in conclusion, it's obvious that the positive Day Trading Academy reviews you'll 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, you'll have to decide for yourself which complaints are frivolous, which are worth listening to saving you wasted time and money.

[RELATED ARTICLE: Day Trading For a Living? Is day trading profitable?]

 

How Trump's Ban on Federal Student Loans Affects You

no-more-federal-government-student-loans-forgiveness-donald-trump

Many students are worried that new President-elect Donald Trump wants to ban Federal Student Loans, while at the same time, many investors are planning on cashing in on an opportunity. Since the election of Donald Trump as the next President of the U.S., stock values have shot up for companies in the education space. So […]

Continue reading...

Day Trading For a Living... Successfully? Yes, For An Elite Few.

Day trading for a living

The people that succeed wildly at day trading for a living are almost like professional athletes in the sense that they have a dream job that pays extremely well, and it's something that most "normal people" can't do. One of the questions we see on a regular basis is “can you make a living trading […]

Continue reading...

Negative Avant Loan Reviews -
[The Real Story]

If you're looking for Avant Loan reviews, you will get informed about the good and the bad right here. No stone will be left unturned. But first, let's get one simple answer out of the way... Many people ask "Is Avant Loans legit?" To answer simply, Yes. But more in-depth, here are the facts. As […]

Continue reading...

Investment Advisor Search
- 6 Questions To ALWAYS Ask

Investment Advisor Search

Even highly intelligent business people often seek an elite-level investment advisor, but the search for the right one may become a challenge. We all know that we’re smart enough to take care of ourselves and handle our own affairs. While we may be a genius in our chosen field, we’re also smart enough to know […]

Continue reading...

Deciding Between a Domestic and an Overseas Loan

domestic loans overseas loans

Choosing the right loan for you is a complex process which requires comprehensive research. With the recent advancement in the field which include peer to peer lending sites and online cash-advance solutions, alongside traditional lenders, there’s a plethora of options to carefully inspect, and it is imminently more difficult and time-consuming to do it than […]

Continue reading...

Free Application for Federal Student Aid: 8 Essential Facts

The Free Application for Federal Student Aid form, commonly referred to as FAFSA is a form that will determine the eligibility of students who seek financial aid for college. In order to apply for FAFSA you should visit the U.S. Department of Education’s website, or contact them by phone. It is recommended to apply early as many of […]

Continue reading...

Peer-to-Peer Lending for Bad Credit: Is It Available?

Peer-to-Peer Lending for Bad Credit

If you are seeking peer-to-peer lending for bad credit you may or may not be happy with the information I'm going to share with you. Why? Because, it really depends on what you view as bad credit. What a bank sees as bad credit may not be what a peer-to-peer loan company considers to be poor […]

Continue reading...

Medical Loans For Weight Loss Surgery Online In 4-6 Days

medical loans for weight loss surgery

When diets and weight loss workouts have all failed, some choose to look toward medical help. If you need medical loans for weight loss surgery, they are a lot easier to get now than a few years ago. That's because of online lending options that make getting the financing you need quick, easy and something you can […]

Continue reading...

How To Get an Unsecured Home Improvement Loan - Without Equity

Unsecured Home Improvement Loan

Do you want to know how to get an unsecured home improvement loan without worrying about backing the loan with home equity? If so, you will find out exactly how to do so. There are more options now than ever. Many people have already burned through their savings or have suffered from their home equity dropping during […]

Continue reading...

Refinance Student Loans- Credible & NerdWallet Partner to Help You

Refinance Student Loans

Are you looking to refinance student loans? If so, you will be very happy to hear about two businesses that are aiming to make that happen for you. Your efforts to refinance student loans will now be much more effective. A couple of weeks ago NerdWallet announced it has partnered with Credible to help college graduates take […]

Continue reading...

Problems Faced By Peer to Peer Lenders, and How to Avoid Them

Peer to peer lending is a trend still gaining momentum. The Average Joe has probably never heard of it before and might be a bit skeptical about its promise as an investment method. While there is much to be said in favor of peer to peer lending, there are also some legitimate concerns that stop […]

Continue reading...

What Is Bitcoin? The Future of Money or Just Confusion...

what is bitcoin

From www.technologyreview.com - What is bitcoin? Boosters of Bitcoin commonly call the digital currency the future of money. But even if it doesn’t turn out to be, a growing group of investors and entrepreneurs are convinced that the idea at the center of bitcoin could revolutionize industries that rely on digital record keeping. It might replace […]

Continue reading...

Apply for Small Business Loan Online From Avant or LendingClub?

Apply for Small Business Loan Online

With so many startups and small businesses springing up, it's no wonder why there's a sudden boom of entrepreneurs who apply for small business loans online with groundbreaking fintech companies and U.S. peer-to-peer lending sites. These online lenders offer unique advantages as well as a couple shortcomings that you definitely need to know about in order to […]

Continue reading...

4 Guidelines on How To Get a Loan With No Credit

how to get a loan with no credit

It's totally frustrating trying to figure out how to get a loan with no credit. It feels like everybody else was BORN with credit and you somehow got left off the list. Many lenders don't want to be your first loan and the great rates offered by peer-to-peer lending sites aren't yet in your reach because […]

Continue reading...

P2P Lending Offers Debt Consolidation Loans for Non-Homeowners

debt consolidation loans for non-homeowners

Here's the situation: You need to consolidate debt in a MAJOR way, paying out too much interest is killing your financial flexibility and future. You know that consolidating your debt could free up money to pay off bills months, even years ahead of time and allow you to invest in your future instead of drowning in embarrassing debt. […]

Continue reading...

How Losing 20K In The Stock Market Made Me a Smart Investor

When most people start off investing they, like many others, think they’re going to rich beyond their wildest dreams just like the elite stick traders and investors. Just like those commercials about no money down real estate and how you can make a ton of money in a short period of time, we’re mentally trained […]

Continue reading...

LendingRobot Extends Reach into SMB Marketplace Lending, Adds Funding Circle to its Platform

funding circle reviews

Investors can now use LendingRobot’s automated investing technology to invest on Funding Circle’s small business loan marketplace   There's big news coming out of the financial technology world. We've recently come to learn that Funding Circle is partnering with LendingRobot in order to allow peer-to-peer loan investors to set automated investment strategies on Funding Circle's small business loan marketplace. […]

Continue reading...

42 Lending Club States Now Open For Investors

lending club states

Is Lending Club available in my state? As Lending Club reviews their customer service questions they've stated that questions about Lending Club states are one of the most frequently asked questions from those thinking of borrowing or investing through their peer-to-peer lending platform. Well, investors concerned about Lending Club states are getting even more good news […]

Continue reading...

FundBox Reveals That 64% Of Small Businesses Wait Beyond Net Terms For Payments

Fundbox reviews

  Data Analysis of 20 Million Invoices Shows $26 Billion in Late Payments, Worst Corporate Offenders and Best/Worst States for Timely Payments   SAN FRANCISCO, CA (November 19, 2015) – Fundbox, the leading cash flow optimization platform for small businesses (SMBs), today released data findings on invoice payments from its platform. Based on data entered […]

Continue reading...

3 Best Lenders For Unsecured Debt Consolidation Loans

Unsecured Debt Consolidation Loans

Let's get this straight right now, you can't borrow your way out of debt. But unsecured debt consolidation loans can put you in financial position to make the most of the incoming money you have right now. To illustrate our point, imagine that you're sitting in a small sinking boat. Plugging the holes in that boat won't get […]

Continue reading...