Based on looking at the website, Tradethetraders.com appears to be a platform offering trading education and community access, focusing on various trading styles like day trading and scalping, and concepts such as Order Flow, Market Profiling, and Macro Geopolitical Events. While the site emphasizes developing skills for consistent profitability and offers free community access and workshops, the nature of day trading, scalping, and the pursuit of rapid gains through speculative financial instruments futures, stocks inherently involves significant risk and elements of gharar excessive uncertainty and potential riba interest in conventional financial systems, making it a highly discouraged activity from an ethical standpoint.
Overall Review Summary:
- Purpose: Trading education and community for day trading, scalping, and asset protection.
- Key Offerings: Workshops in-person/online, daily/weekly business zones, signal service coming soon, free community access Discord, YouTube basic course.
- Stated Goal: Help users achieve consistent profitability in trading.
- Pricing: Basic course at 179 EUR, Signal Service at 149 EUR/month coming soon with 14-day free trial.
- Team: Six-member team of analysts and traders.
- Ethical Consideration: The core activities promoted day trading, scalping, speculative futures trading involve high risk, elements of excessive uncertainty, and can be structured in ways that conflict with Islamic financial principles, particularly regarding the avoidance of riba and gharar. The emphasis on quick profits and short-term market speculation can lead to financial distress rather than genuine wealth creation.
While the website presents itself as a legitimate educational platform for financial trading, it’s crucial to understand that involvement in highly speculative trading, especially short-term activities like day trading and scalping, is generally discouraged.
Such endeavors often involve leveraging debt, high volatility, and a strong element of chance, which can lead to significant financial loss rather than sustainable, ethical growth.
The allure of quick profits can distract individuals from sound, permissible financial practices grounded in real economic activity and asset-backed investments.
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It’s an area where the lines between legitimate investment and mere speculation become blurred, often leaning heavily towards the latter.
For those seeking financial growth, focusing on ethical, asset-backed investments and avoiding excessive uncertainty is paramount.
Here are better alternatives focused on ethical wealth building and real asset development:
- Islamic Finance Education Platforms
- Key Features: Comprehensive courses on Halal investing, Takaful Islamic insurance, Zakat calculations, and Sharia-compliant business models. Focus on real assets, ethical screening, and avoidance of interest.
- Average Price: Varies from free resources to several hundred dollars for in-depth courses or certifications.
- Pros: Promotes financial literacy aligned with ethical principles. fosters long-term, sustainable wealth. reduces exposure to prohibited transactions.
- Cons: Requires diligent study. may not offer “quick rich” schemes which are inherently unsustainable.
- Real Estate Investment Trusts REITs – Sharia Compliant
- Key Features: Allows investment in a portfolio of income-producing real estate properties without directly owning the property. Sharia-compliant REITs specifically screen out haram activities e.g., properties leased to alcohol or gambling businesses.
- Average Price: Investment entry points vary. can start with a few hundred dollars for shares.
- Pros: Asset-backed investment. stable income potential. diversification. liquid compared to direct property ownership.
- Cons: Market fluctuations can affect value. Sharia-compliant options might be less numerous than conventional REITs.
- Ethical Investment Funds Halal Mutual Funds
- Key Features: Professionally managed funds that invest in a diversified portfolio of stocks, bonds, or other assets screened for Sharia compliance. Avoids companies involved in alcohol, tobacco, gambling, conventional finance, and unethical practices.
- Average Price: Minimum investment can range from $1,000 to $5,000. management fees apply.
- Pros: Diversification. professional management. aligns with ethical values. passive investment.
- Cons: Management fees reduce returns. performance tied to market conditions. limited choice compared to conventional funds.
- Sustainable Agriculture Investments
- Key Features: Investing in farms, agricultural technology, or sustainable food production. This can be through direct investment, crowdfunding platforms, or specialized funds. Focus on real economic activity and tangible assets.
- Average Price: Highly variable, from small crowdfunding stakes to significant direct investments.
- Pros: Supports real economic activity. produces tangible goods. contributes to food security. often environmentally friendly.
- Cons: Can be illiquid. subject to environmental risks weather, pests. requires due diligence on specific projects.
- Gold and Silver as Physical Assets
- Key Features: Investing in physical gold or silver bullion, coins, or bars. Considered a store of value and a hedge against inflation. This is a tangible asset investment.
- Average Price: Varies based on current market prices and quantity.
- Pros: Tangible asset. recognized store of value. can offer stability during economic uncertainty. Sharia-compliant when held physically.
- Cons: No income generation dividends or interest. storage costs and security concerns. price fluctuations.
- Small Business Investment/Partnership Musharakah/Mudarabah
- Key Features: Directly investing in or partnering with a small business, sharing profits and losses. This aligns with Islamic principles of risk-sharing and real economic contribution.
- Average Price: Highly variable, depends on the business and equity stake.
- Pros: Direct impact on real economic activity. potential for high returns. aligns perfectly with Islamic finance principles.
- Cons: High risk, as small businesses can fail. illiquid investment. requires active participation or oversight.
- Ethical Crowdfunding for Real Assets
- Key Features: Platforms that allow individuals to collectively invest in real, tangible assets or ethical businesses, often structured to avoid interest and excessive speculation. Examples include property development or asset-backed ventures.
- Average Price: Minimum contributions can be as low as $50-$100.
- Pros: Accessible entry point. diversified across multiple small projects. supports ethical ventures.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Tradethetraders.com: A Deep Dive into Speculative Trading Education
Tradethetraders.com positions itself as a gateway to financial transformation, promising to equip both beginners and seasoned individuals with the “right skills to become consistently profitable” in the highly volatile world of trading. From the outset, it’s clear that the primary focus is on speculative short-term trading, namely day trading and scalping, along with strategies related to market profiling, order flow, and macro geopolitical events. While the platform offers structured learning pathways and claims of success, it’s critical to approach any venture promoting rapid returns from speculative financial instruments with extreme caution. The fundamental nature of these activities often involves excessive uncertainty gharar and can lead to financial distress, making it inherently risky from an ethical perspective. The emphasis on quick gains can divert individuals from pursuing sustainable, asset-backed wealth creation methods, which are more aligned with long-term financial well-being and ethical principles.
Tradethetraders.com Review & First Look
A first glance at Tradethetraders.com reveals a marketing-heavy website designed to appeal to those seeking financial independence through active trading.
The homepage immediately highlights testimonials from seemingly satisfied customers, claims of “exclusive knowledge,” and promises of transforming one’s trading journey.
- Initial Impressions: The site is professionally designed, with clear calls to action for free consultations and community access.
- Core Message: The overarching message is one of empowerment and skill development to navigate financial markets for profit.
- Transparency: While testimonials are present, concrete, independently verifiable performance data is not immediately visible, which is a common characteristic of trading education platforms. The “VIEW PERFORMANCE!” button leads to an overlay that doesn’t display raw performance data but rather describes their approach to asset protection in bull and bear markets. This lack of clear, audited performance statistics is a significant red flag in the speculative trading education space.
- Target Audience: “Suitable for beginners & novices” suggests an inclusive approach, but the topics covered Order Flow, Market Profiling, Macro Geopolitical Events imply a degree of complexity that might be overwhelming for absolute newcomers.
Understanding the Risks of Speculative Trading
Before into the specifics of Tradethetraders.com’s offerings, it’s essential to understand the inherent risks and ethical considerations of speculative trading, particularly day trading and scalping.
These activities are fundamentally different from long-term, asset-backed investing. Jsivadenterprise.biz Review
- High Volatility and Uncertainty: Day trading and scalping involve making multiple trades within a short period minutes to hours to capture small price movements. This exposes traders to extreme market volatility and significant uncertainty, where outcomes are not easily predictable. Studies by regulatory bodies often show a high percentage of retail day traders losing money. For instance, a FINRA study found that 70% of day traders incurred monetary losses, with an average loss of over $30,000 in a single year.
- Leverage and Debt: Many speculative trading strategies involve using leverage, where borrowed money is used to amplify potential returns. While this can magnify gains, it equally magnifies losses, leading to rapid depletion of capital and potential debt. This aligns with elements of riba interest-based debt and gharar excessive uncertainty, both of which are strongly discouraged.
- Psychological Toll: The constant pressure, rapid decision-making, and inevitable losses associated with speculative trading can take a significant psychological toll, leading to stress, anxiety, and impulsive decisions.
- Zero-Sum Game: In essence, for one trader to profit from short-term market movements, another must lose. This creates a zero-sum environment where wealth is merely transferred, rather than created through productive economic activity.
Tradethetraders.com Offerings: A Closer Look
Tradethetraders.com outlines several offerings aimed at educating aspiring traders.
These include workshops, access to “Business Zonen,” and a “Signal Service.”
- Workshops:
- Day Trading Workshop: Focuses on applying Market and Volume Profiles to identify and trade “Daily Business Zones.” This directly teaches techniques for short-term market speculation.
- Order Flow/Order Book Workshop Scalpers: This workshop specifically targets scalping, teaching how to read order books and order flow to trade reversals and momentum within minutes. This is perhaps the most high-frequency and speculative activity offered.
- Online Service Business Zonen: Daily discussions and weekly position trading zones for up to 16 markets e.g., GC, CL, ZW – likely commodities like gold, crude oil, and grains futures. This service provides specific market insights and potential entry/exit points, essentially offering trade recommendations.
- Signal Service Coming Soon: Advertised to include “Businesszonen Daily inclusive Setups” and “Four Days Live-Handel pro Woche.” This suggests a direct provision of trading signals and live trading sessions, further encouraging active, short-term speculation. The 14-day free trial on a signal service is a common hook in this industry.
- YouTube Basic Course-TTT: An “indispensable know-how for every trader,” priced at 179 EUR. This serves as an introductory module, potentially leading into their more advanced and costly programs.
- Community and Support: Free access to a Discord community and follow-up support webinars, VIP chat rooms after workshops are emphasized. This builds a sense of camaraderie and ongoing learning, which can be appealing to new traders.
Tradethetraders.com Cons
Given the nature of the services offered and the ethical considerations surrounding speculative trading, here are significant drawbacks and cons associated with Tradethetraders.com and similar platforms:
- Promotes Speculative Trading: The core offerings day trading, scalping, futures trading education are inherently speculative. This contrasts sharply with ethical wealth building, which prioritizes real economic activity, asset ownership, and avoidance of excessive risk and gharar.
- High Risk of Capital Loss: Despite promises of consistent profitability, the vast majority of retail traders, particularly those engaged in day trading, lose money. The strategies taught, while technical, do not eliminate the fundamental risks associated with market volatility and leverage.
- Lack of Independent Performance Verification: The website does not provide audited or independently verified performance records for their strategies or their “team” of traders. While they have a “VIEW PERFORMANCE!” button, it only describes their approach, not quantifiable results. This is a crucial missing piece for any legitimate financial education platform.
- Focus on Short-Term Gains: The emphasis on day trading and scalping promotes a mindset of quick profits rather than patient, long-term investment. This can lead to impulsive decisions and chasing market movements, often resulting in losses.
- Potential for Riba Interest Involvement: While the platform itself might not charge interest, the underlying financial instruments e.g., futures contracts, leveraged trading accounts often involve interest-bearing mechanisms or indirect riba through conventional brokerage services.
- Encourages Dependence on Signals/Zones: Services like “Business Zonen” and “Signal Service” can foster a dependency on external recommendations rather than developing true independent analytical skills, which is risky if the signals are inaccurate or the market shifts.
- Unrealistic Expectations: The marketing language, while not explicitly promising riches, implies that consistent profitability is achievable for “beginners & novices” with their “exclusive knowledge.” This can set unrealistic expectations for individuals entering a field known for high failure rates.
- Cost of Education vs. Probable Outcome: While the initial basic course is 179 EUR, the “Signal Service” is 149 EUR/month, plus potential costs for in-person workshops. These recurring costs add up, and for activities with a high probability of loss, the return on investment for education may be negative.
Tradethetraders.com Alternatives
Instead of engaging in high-risk, speculative trading, individuals seeking financial growth should explore ethical and sustainable avenues for wealth creation.
These alternatives focus on real economic value, long-term growth, and adherence to sound financial principles. Ascrono.com Review
- Halal Investing in Real Assets:
- Description: Investing in tangible assets like real estate, agricultural land, or ethical businesses that generate profit from real economic activity. This avoids speculation and focuses on value creation.
- Mechanism: Can involve direct ownership, equity crowdfunding for real estate projects, or Sharia-compliant REITs Real Estate Investment Trusts.
- Pros: Asset-backed. typically less volatile than speculative instruments. aligns with ethical principles of value creation. potential for stable income and capital appreciation.
- Cons: Less liquid than stocks. requires due diligence on specific assets. higher entry barriers for direct ownership.
- Resource: Islamic Finance Guru for general information on halal investing.
- Sharia-Compliant Equity Funds:
- Description: Investing in professionally managed mutual funds or ETFs Exchange-Traded Funds that only hold stocks of companies screened for Sharia compliance. These companies must avoid activities like conventional finance, alcohol, gambling, pork, and entertainment.
- Mechanism: Funds pool money from investors to buy a diversified portfolio of ethical stocks.
- Pros: Diversification across multiple industries. professional management. liquid. aligns with ethical values. passive investment strategy.
- Cons: Management fees. returns are tied to market performance. limited universe of available stocks compared to conventional funds.
- Resource: Wahed Invest or Amanah Mutual Funds for examples of ethical investment platforms.
- Ethical Entrepreneurship and Business Ownership:
- Description: Starting or investing in a small business that provides genuine goods or services. This is the most direct way to create wealth through productive economic activity.
- Mechanism: Involves direct participation, seeking out partnerships Mudarabah, Musharakah, or angel investing in ethical startups.
- Pros: Full control and direct impact. high potential for returns. contributes to society. aligns perfectly with Islamic principles of enterprise and risk-sharing.
- Cons: High risk of failure. requires significant time and effort. illiquid.
- Resource: Small Business Administration SBA for resources on starting and funding a small business.
- Education and Skill Development for a Profession:
- Description: Investing in one’s own education and professional skills that can lead to stable, high-income employment or self-employment.
- Mechanism: Pursuing degrees, certifications, vocational training, or specialized courses in high-demand fields e.g., tech, healthcare, skilled trades.
- Pros: Creates consistent, predictable income. low risk compared to speculative trading. builds valuable human capital. contributes to personal and societal development.
- Cons: Requires significant time investment. no “get rich quick” promises.
- Resource: Coursera or edX for online courses and professional certifications.
- Physical Gold and Silver:
- Description: Purchasing and holding physical gold or silver as a hedge against inflation and a store of value. This is a tangible asset that has historically preserved wealth.
- Mechanism: Buying bullion, coins, or bars from reputable dealers and storing them securely.
- Pros: Tangible asset. long-term store of value. less volatile than speculative trading. Sharia-compliant when held physically.
- Cons: No income generation. storage costs. price fluctuations.
- Resource: JM Bullion or SD Bullion for purchasing physical precious metals.
How to Cancel Tradethetraders.com Subscription
The website text doesn’t explicitly detail a direct, one-click cancellation process on the homepage.
Subscriptions, particularly for services like “Businesszonen Daily” or the “Signal Service,” are typically managed through the payment gateway or direct contact with the provider.
- Payment Gateway: If you subscribed through a third-party payment processor like Copecart which is linked for their basic course, you would likely need to manage your subscription or recurring payments directly through your Copecart account dashboard.
- Direct Contact: The most reliable method would be to contact Tradethetraders.com directly via email to request cancellation. It’s advisable to send a written request to create a paper trail.
- Terms and Conditions AGB: Always review the “AGB” General Terms and Conditions link provided in the footer of their website. This document should outline the specific cancellation policy, notice periods, and any penalties or conditions for terminating a subscription.
How to Cancel Tradethetraders.com Free Trial
The “Signal Service” is listed as “coming soon” with a “14 Tage kostenlos!” 14 days free! offer.
To cancel a free trial for this service, you would typically follow the same process as a full subscription, but within the trial period. Bishoptattoosupply.com Review
- Mark Your Calendar: Set a reminder before the 14-day trial period expires to ensure you cancel on time if you decide not to continue.
- Check Terms: Read the specific terms associated with the free trial. Sometimes, a credit card might be required upfront, and failure to cancel means automatic enrollment into a paid subscription.
- Direct Contact: As with a full subscription, contact Tradethetraders.com via email to explicitly request cancellation of the free trial. Confirm that no charges will be incurred.
Tradethetraders.com Pricing
Tradethetraders.com lists specific pricing for some of its services, indicating a multi-tiered offering.
- YouTube Basic Course-TTT:
- Price: 179 EUR listed as “Der Einstieg!” – The Entry!
- Details: This is a one-time purchase for foundational knowledge, credited towards further seminars.
- Online Service Businesszonen Daily:
- Price: Not explicitly stated as a standalone price on the homepage, but mentioned as part of the “Signal Service” package.
- Details: Offers daily discussions and weekly position trading zones for up to 16 markets. Purchasable for 1, 6, and 12 months, but the specific price is not clear for the standalone service.
- Signal Service:
- Price: 149 EUR/month coming soon
- Details: Includes the “Businesszonen Daily inclusive Setups” and “Four Days Live-Handel pro Woche.” Available for 1, 6, and 12 months with a 14-day free trial.
- Workshops Asset Protection, Day Trading, Scalping:
- Price: Not explicitly listed on the main page for these workshops, only a “Schedule an Appointment” button for consultation. Pricing would likely be disclosed during the consultation.
- Details: These are presented as more intensive, possibly in-person or premium online trainings with follow-up support.
The pricing structure suggests a funnel approach: an affordable basic course to hook users, followed by higher-priced monthly subscriptions for ongoing signals and access, and potentially even more expensive workshops for deeper training.
This is a typical model for trading education and signal providers.
FAQ
What is Tradethetraders.com primarily offering?
Tradethetraders.com primarily offers education and community access related to financial market trading, with a strong focus on short-term speculative strategies like day trading and scalping, using concepts such as Order Flow, Market Profiling, and Macro Geopolitical Events.
Is Tradethetraders.com suitable for beginners?
Yes, Tradethetraders.com states it is “suitable for beginners & novices” and offers a “Basic Course-TTT” as an entry point into their educational content. Fashionessentialss.com Review
What kind of trading strategies does Tradethetraders.com teach?
Tradethetraders.com teaches strategies for Day Trading identifying precise reaction levels for short-term positions, Scalping using order book/footprint charts for trades lasting minutes, and Asset Protection viewing investments from a global player perspective, including long and short positions.
Does Tradethetraders.com offer a free trial?
Yes, Tradethetraders.com indicates that its “Signal Service” listed as “coming soon” will offer a “14 Tage kostenlos!” 14 days free! trial.
How much does the Tradethetraders.com Basic Course cost?
The “YouTube Basic Course-TTT” from Tradethetraders.com costs 179 EUR.
What is included in the Tradethetraders.com Signal Service?
The “Signal Service” from Tradethetraders.com is stated to include “Businesszonen Daily inclusive Setups” and “Four Days Live-Handel pro Woche” Four Days Live Trading per week.
Does Tradethetraders.com provide audited performance data?
Based on the website, Tradethetraders.com does not explicitly provide independently audited or verifiable performance data for its strategies or team. Heathrowlondonlimos.com Review
The “VIEW PERFORMANCE!” button describes their approach rather than showing quantifiable results.
What are the “Business Zonen” offered by Tradethetraders.com?
“Business Zonen” are zones that are discussed daily, with “Positionstrading-Zonen” position trading zones discussed once a week, for up to 16 markets, available for 1, 6, or 12 months.
Does Tradethetraders.com offer in-person workshops?
Yes, Tradethetraders.com mentions that their workshops Day Trading, Order Flow/Order Book are “in Präsenz und auch online möglich” available in-person and online.
How can I access the Tradethetraders.com community?
Tradethetraders.com offers “Free access to the community!” and provides a link to a Discord server “TO THE COMMUNITY!Free access”.
What types of markets does Tradethetraders.com focus on?
Tradethetraders.com primarily focuses on trading futures, mentioning markets like GC Gold, CL Crude Oil, and ZW Wheat. Medic-tours.com Review
What is the ethical stance on speculative trading like day trading and scalping?
Speculative trading, particularly day trading and scalping, involves high risk, excessive uncertainty gharar, and can easily involve interest-based transactions riba, making it highly discouraged. It often leads to significant financial losses and diverts from ethical wealth creation.
What are some ethical alternatives to speculative trading?
Ethical alternatives include Halal investing in real assets e.g., real estate, ethical businesses, Sharia-compliant equity funds, direct ethical entrepreneurship, investing in education and professional skills, and holding physical gold and silver as a store of value.
Is there a free consultation offered by Tradethetraders.com?
Yes, Tradethetraders.com explicitly states, “The consultation is non-binding and free of charge!”
How can I cancel my Tradethetraders.com subscription?
To cancel a Tradethetraders.com subscription, you would typically manage it through the payment gateway used for purchase e.g., Copecart or by sending a direct written request via email to their provided contact address . Reviewing their AGB General Terms and Conditions is also advised.
What is the team behind Tradethetraders.com?
The team behind Tradethetraders.com is described as a “six-member team of analysts and traders from various investment areas with different investment horizons,” specializing in trading futures. Trest.uk Review
Does Tradethetraders.com offer any follow-up support after workshops?
Yes, after workshops, Tradethetraders.com states there will be a weekly webinar for three months to discuss market events and answer questions, along with 12 months of access to VIP chat rooms and Business Zones.
Can I learn about asset protection from Tradethetraders.com?
Yes, Tradethetraders.com offers a “2-day Training ‘Asset Protection’” aimed at teaching how to view investments and manage portfolios in both bull and bear markets.
What is the difference between Day Trading and Scalping as taught by Tradethetraders.com?
Day Trading involves identifying precise reaction levels for positions held for a few hours within a day, while Scalping is characterized by a very short holding period of just a few minutes, often based on order book or footprint chart analysis.
Are the workshops at Tradethetraders.com limited in participant numbers?
Yes, the workshop descriptions for Day Trading and Order Flow/Order Book both state “Teilnehmerzahl begrenzt…” Limited number of participants….
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