I haven't come across many Basecamp Trading reviews on the internet. As a result, it's likely that the majority of people reading this Base Camp Trading review will be pleased to learn of this information.
To begin with, this is a trading company managed by shady and top-tier Twitter marketers. Second, a variety of trading products are available for purchase.
You'll have spent at least $6,000 by the time you've looked at the seminars, mentorships, trade indicators, and so on.
Base Camp Trading offers a slew of useless trading indicators, instructional seminars, and one-on-one mentoring.
Three persons used to run the original site (ValueCharts.com): Mark Helweg, Dave Aquino, and Thomas Wood. Value Charts has been renamed Basecamp Trading in the past few years.
Drew Day is the name of the founder. It's unclear if he uses an alias or not. I am aware that most ignorant traders trying to earn quick money should avoid investing large sums of money in this trading organization in the hopes of obtaining a unicorn.
Drew Day and the other individuals he's reportedly operating this firm with aren't qualified to provide investing advise to anyone, in my opinion.
Is the trading information offered by BaseCampTrading reliable?
No way, no how!
At BasecampTrading.com, you'll find 20 indicators and 32 workshops. These trading indicators range in price from $140 to $2,000.
Base Camp Trading throws you a surprise by reminding you of all the other knowledge available through their trade seminars, just when you believe you've bought all you need from Drew Day and don't want to buy any more trading materials.
The cheapest trading lesson will set you back $7, while the most costly trading item will set you back $2,000!
To be an expert trader, you must draw the majority of these trading courses as well as various signals.
The Trading Post at Base Camp
When I looked out this landing page (basecamptrading.co), I discovered that the trading instructor is offering entry to a trading room.
They claim that this normally costs $147 per month, but they will get you in for $97 per month. When I looked into it further, I discovered that Drew Day and his crew were charging $7 for the first 30 days, and then $97 every month after that.
Traders in this trading room have access to the following features:
- Mentorship in futures, options, stocks, and forex
- There are four main trading styles (videos, audio, and articles showing trade setups)
- 10 minute or less daily trading analysis and comments Weekly Trading Outlook from Base Camp Trading
- Chat room for members only
- Orientation for new members (live)
Drew Day and his team have released a number of testimonials from people who claim to have made money using the trades in the live trading room to make it sound like it's worth the money you pay for the program.
Trading Challenge for 30 Days
Base Camp Trading offers a 30-day trading challenge in which students may master a variety of trading strategies in only one month.
The promises they make here are ridiculous and sound like a marketing gimmick. Screenshots of allegedly student profits back up this claim. These data have not been independently verified or checked.Who are Dave Aquino, Mark Helwig, Brian Strong, and Thomas Wood, and where did they come from?
All of these trading gurus have fancy names that make them sound like experts on the subject of trading.
I've come across titles like: Hedge Fund Manager Director of Trading Operations Investment Software Developer Advisor to many traders across the world, Patent Holder and Partner of Supero Capital Quantitative Engineer...and so forth.
In reality, the bottom line is all that matters. Only a small percentage of these men can certify that they trade and profit on a genuine broker bank account.
So, what's the point?
As a result, you must be aware that flashy names, as well as snake oil trading indicators, can be a major source of distraction.
I'll focus on the important elements as someone who studies and writes a review in this manner.
Things like product quality, trading rooms, and proof of good live trading, among other things, are all at the top of my priority list.
This Is How You Get Conned
Students do not get performance disclosures in the trading room. Despite the fact that each of them claims to be a full-time professional trader, none of the students has ever shown their trading background.
The first thing I did in this trading room was hunt for useful information or trade suggestions. Because there was a lot of discussion, I went through the collected screenshots for this information.
I was upset by the trade moderators' insistence on talking rather than dealing.
In a trading room staffed by an Investment Software Developer, Director of Trading Operations, Hedge Fund Manager, and others, this type of empty talk isn't going to cut it.
Base Camp Trading's Thomas Wood was clearly paper trading using a virtual account. At the bottom right hand of the screen, a real trade station account should show items like a real-time summary, balance, and account number.
These dubious marketing tactics are deceiving.
Base Camp Trading should be a trading education platform featuring classes and trading rooms where traders can learn from experts.
Nonetheless, it lacks several of the characteristics of a real business.
Its proprietors claim to be professionals without providing proof, its items are of poor quality, and its trading rooms are devoid of activity.
In my Base Camp Trading review, I illustrate how these people defraud inexperienced traders. As a result, I'm hoping that my evaluation will assist you in making a more educated decision regarding this organization.
Base Camp Trading's Aspiring Masterminds
Base Camp Trading is a great illustration of the phrase "don't judge a book by its cover."
This scam's perpetrators appear to be well-intentioned on paper, which will aid them in capturing more people in their shady schemes.
Base Camp Trading falls short when it comes to producing performance and outcomes.
This company is defrauding both experienced and rookie traders by selling them meaningless things and a shady membership. Their whole business strategy is based on defrauding clients. Their trading room is devoid of true professionals, their courses are worthless, and their information is inconsistent.
Base Camp Trading sells rubbish to its customers by repackaging it in various ways.
You'd be assaulted with numerous pointless items if you browsed through their landing sites.
For less than $7, they're offering classes, trading rooms, VIP customer help, and a variety of other services?
If they can provide a wonderful bargain for $7, the quality of the items must be considered. On top of that, they also provide a $897 course with this membership.
They claim that this program is essential for any trader, so they're giving it away for free to their members.
I'm not sure I believe it.
Otherwise, why would they maintain a $900 course for free when they already sell a lot of classes in their shop?
It does not appear to be logical.
The Tricky Trading Room
This is where the price action takes place.
From 9 a.m. until 12 a.m., Basecamptrading.com hosts a trading room. They provide a $7 monthly membership that allows you to try out this room.
However, because it is just for a month, they will charge you $147 for the entire month. They have two day trading rooms that specialize in options, futures, and commodities trading.
The futures day trading room is moderated by Thomas Wood, while the options day trading room is managed by Dave Aquino.
All of the trading rooms promise to let traders talk and learn from one another.
There is, however, no true community here.
Trading style program, the Weekly Outlook, daily trade review and analysis, a private member-only chat room, and a live new member orientation session are all available at Base Camp Trading.
Base Camp Trading: Is It a Scam?
Yes.
Even if you're dead set on being a trader, there are many better alternatives than Base Camp Trading. See The Empirical Collective if you're looking for a better alternative.
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