Welcome to this comprehensive review of Base Camp Trading. If you’re considering investing in this financial newsletter, stock and commodity trading service, or investment program, you may have some doubts in your mind. Questions like, “Is Base Camp Trading a scam?” or “Can it deliver on its promising claims?” are likely crossing your thoughts. In this review, we will delve into the world of Base Camp Trading and learn an important lesson: don’t believe everything you read, even if it seems promising.
Perhaps you’re someone who already has capital and is eager to see its value grow rapidly, rather than waiting for long periods to see a decent return on investment (ROI). Undoubtedly, the allure of such an opportunity has made the financial publishing and training industry a lucrative market.
However, the challenge lies in the fact that this industry attracts its fair share of unscrupulous individuals who are enticed by the prospect of multiplying their wealth manifold in a short span of time.
While we’ll assume, for the sake of argument, that every “trading expert” and “investment guru” on the internet have good intentions, the reality is that even with access to advanced technology and teams of skilled professionals, most of these experts would be lucky to be correct 20% of the time.
In the world of trading and investments, it’s crucial not to miss any significant opportunities, especially when the odds of success are relatively low. With an optimistic win rate of 20%, a single missed opportunity can turn an otherwise successful month into a loss. This constant pressure and stress, coupled with the potential for substantial losses, make this path a challenging one to navigate.
Before we proceed, it’s important to note that I have no affiliation with Base Camp Trading, nor am I being compensated for writing this review. My intention is to provide an unbiased evaluation of the service.
In addition to the Base Camp Trading review, I will also share a superior alternative that has personally allowed me to generate a full-time passive income online.
Now, let’s delve into the details and cover the essential aspects of Base Camp Trading in this review:
Table of Contents
- What is Base Camp Trading?
- Who is Behind Base Camp Trading?
- What Does Base Camp Trading Offer?
- Base Camp Trading’s 30-Day Trading Challenge
- How Base Camp Trading Scams People
- Is Base Camp Trading a Path to Making Money?
- Pros of Base Camp Trading
- Cons of Base Camp Trading
- Is Base Camp Trading Legit?
- Is There A Better Way To Make Money Online?
What is Base Camp Trading?
Base Camp Trading is a trading education company that offers a variety of products and services to individuals looking to enhance their trading skills and potentially increase their wealth. The company was founded and is currently operated by individuals such as Mark Helweg, Dave Aquino, and Thomas Wood, with Drew Day as the founder.
However, it’s important to approach Base Camp Trading with caution and skepticism. The lack of transparency and limited information about the individuals behind the company raises concerns about their credibility and expertise. It’s advisable not to rely on investment advice from Drew Day or any of the other individuals associated with Base Camp Trading.
BasecampTrading.com provides access to a range of workshops and trading indicators, but it’s crucial to question the reliability and effectiveness of these offerings. The prices for these indicators can vary from $140 to $2,000, and the company employs upselling tactics to encourage customers to purchase additional trading courses.
Who is Behind Base Camp Trading?
Here’re the coaches at Base Camp Trading:
Drew Day is the Founding Partner of Base Camp Trading and the president of MicroQuant LLC. With over 16 years of experience in hedge fund management, Drew has a deep understanding of trading and portfolio management.
He has traded 40 individual futures markets across different sectors as a Commodity Trading Advisor (CTA). He has been recognized as an industry expert on managed futures and has been featured as a speaker at prestigious events such as Bloomberg Markets in London and New York. Drew holds a BSBA in entrepreneurship.
Thomas Wood is another partner at MicroQuant LLC and Base Camp Trading. He serves as the head of futures trading and brings a wealth of experience to the team. Thomas developed an interest in trading at a young age, starting at 14 years old. He has worked as a hedge fund manager and systems developer, developing multiple trading strategies for the company and its members.
Dave Aquino is a partner at MicroQuant LLC and Base Camp Trading, specializing in stocks and options trading. With over 20 years of professional money management experience, Dave has worked as a broker for Merrill Lynch and served as a Senior Portfolio Manager for Vanguard Asset Management.
What Does Base Camp Trading Offer?
When I visited the landing page of Base Camp Trading (basecamptrading.co), I noticed that their trading trainer offers access to a trading room. They advertise a regular monthly cost of $147, but it’s possible to get in for as little as $97. Upon further consideration, I discovered that Drew Day and his team charge $97 per month after an initial 30-day period that costs $7.
Traders who join this program gain access to several valuable resources, including:
- Mentorship for Futures, Options, Stocks, and Forex trading.
- Four comprehensive trading style courses presented through videos, audio, and articles, which demonstrate various trade setups.
- Daily trade analysis and commentary.
- A quick and concise Base Camp Trading Weekly Outlook that takes no more than 10 minutes to read.
- Membership to a private chat exclusively for members.
- Live orientation sessions for new members.
To establish credibility, Drew Day and his colleagues have shared numerous testimonials from individuals who claim to have achieved financial profits by applying the strategies taught in the live trading room.
Base Camp Trading’s 30-Day Trading Challenge
Base Camp Trading offers a 30-Day Trading Challenge that claims to teach you various trading methods within a month. However, it’s crucial to be cautious and evaluate these promises carefully.
Although the program presents screenshots of student earnings, it’s important to consider that these numbers haven’t been independently verified or audited by external sources.
How Base Camp Trading Scams People
Base Camp Trading has managed to deceive both inexperienced and experienced traders through their deceptive practices, which involve selling worthless products and questionable memberships. Their entire business model revolves around tricking customers.
One of the major issues with Base Camp Trading is the abundance of useless products they offer. They flood their website with goods that have little to no value. The low price point of $7 raises doubts about the reliability and effectiveness of these products. It’s hard to believe that they can provide essential training, futures trading, trading rooms, and VIP customer support for such a low cost.
Moreover, their tactic of giving away supposedly essential software for free to subscribers seems questionable. It’s important to question the credibility of these offerings, as it doesn’t align with their profit-making goals.
The Deceiving Trading Room
The trading room at Base Camp Trading is where the actual trading takes place. Traders can gather in this room from 9 a.m. to midnight (EST) to engage in trading activities. However, there’s a catch. While the initial monthly subscription fee is $7, it is only valid for one month and then jumps to $147.
The company specializes in trading options, futures, and commodities, and the rooms are open for two days. Thomas Wood and Dave Aquino moderate the daily trading rooms for futures and options, respectively.
Despite advertising these trading rooms as spaces for traders to connect, learn, and benefit from collective wisdom and experience, there’s a lack of a genuine sense of community within them. It’s important to approach these rooms with caution and manage expectations accordingly.
Base Camp Trading also provides additional features to its customers, including a live orientation for new members, a members-only chat room, a review and analysis of daily trades, a weekly outlook, and more.
While these offerings may seem appealing, it’s crucial to consider the overall credibility and effectiveness of the company’s services before investing.
Is Base Camp Trading a Path to Making Money?
Unfortunately, it seems unlikely. The promised services are not actually delivered by the company.
Trading, in general, has the potential to be profitable, but it requires dedication and hard work to develop the necessary skills. While it is possible to make real money as a trader, it’s essential to approach it with realistic expectations.
Instead of relying on Base Camp Trading, there are alternative paths that can lead to significant financial success.
- Learn more about other ways to make money online.
Pros of Base Camp Trading
Excellent marketing: Base Camp Trading excels in its marketing efforts, creating an impression of legitimacy and professionalism that may initially convince potential customers.
Comparative advantage: While there are other courses in this category that may be worse, Base Camp Trading offers some courses that are relatively better in terms of content and instruction.
Knowledgeable course instructor: The course instructor at Base Camp Trading appears to possess knowledge and expertise in the field of trading, which can be valuable for learners seeking educational resources.
Cons of Base Camp Trading
Lack of trade history evidence: One major concern is the absence of any verifiable trade history provided by Base Camp Trading. This lack of evidence raises doubts about the company’s ability to deliver on its promises of successful trading strategies.
No record of live trading: Base Camp Trading fails to provide any documented proof of live trading, further diminishing their credibility. Traders need tangible evidence to trust the effectiveness of the strategies taught.
Presenters with no trading track record: Another significant drawback is the lack of a track record for the presenters associated with Base Camp Trading. Without a proven history of successful trading, it becomes challenging to rely on their expertise and guidance.
Is Base Camp Trading Legit?
I won’t call Base Camp Trading a scam. However, when I entered the trading room at Base Camp Trading, I was disappointed to find that students receive no information about their performance. Despite claims of being professional traders, no student has ever provided proof to support their claims.
As I looked for relevant data and trading recommendations, I noticed a lot of back and forth communication, which made it difficult to find any substantial evidence. The fact that the trade moderators were more focused on talking than trading bothered me. In a trading room run by individuals like an investment software developer, a director of trading operations, or a hedge fund manager, this type of idle chatter would be considered unacceptable.
Furthermore, I observed that Thomas Wood, one of the traders at Base Camp Trading, was clearly using a paper account. A reputable Trading Station account would display crucial information such as the current summary, account balance, and account number in the right-hand column. This dubious advertising tactic raises questions about the honesty and integrity of Base Camp Trading.
While teaching should be a priority at Base Camp Trading, offering classrooms and trading rooms for beginners and professionals to learn from each other, the company falls short of exhibiting the characteristics of a reputable business. The owners make claims of expertise without providing any evidence to support them. Moreover, the quality of the company’s goods is subpar, and the trading rooms are rarely busy, raising doubts about their effectiveness.
Based on my investigation, it’s clear that Base Camp Trading takes advantage of inexperienced traders. I hope that the information provided in this report will help you make a more informed decision about this company and avoid falling victim to their deceptive practices.
Is There A Better Way To Make Money Online?
Although investing is one of the most popular ways to grow your wealth and give you some passive income, the stock is unpredictable.
Even if you have the tips or insights from the so-called experts, it doesn’t guarantee you will win in the stock market. Only God knows when the stock price will rise or plunge. You may be able to make some money in a few attempts, but lose it all in the other attempts.
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