If you are interested in financial investment, you might like to know what it takes to become a successful trader.
Marcello Arrambide promises to teach you an “organic approach to trading” that enables you to make money in the live markets.
However, can he give you any guarantee on results? Is the Day Trading Academy a Scam?
In order to give you an answer, I’ve spent some time diving into the course Day Trading Academy.
Since I’m not affiliated to the program, you can rest assured that my review is unbiased and genuine.
At the end of this article, I’ll also tell you a free training platform that can help you create a steady passive income almost at zero risk.
Below is what I’ll cover in the review of Day Trading Academy.
Who is the founder of Day Trading Academy?
The academy was established by Marcello Arrambide who has worked in various day trading companies for close to two decades.
According to Marcello Arrambide, he started the academy after realising that most traders are confused with trading strategies.
The academy is set on a mission to help all traders of the academy to achieve financial freedom and enjoy the life of trade.
But from my observation, it is a nightmare to become a full-time trader who has to worry about the volatile market from time to time.
After all, investing stock is risky as the financial market is very volatile. No one, including Marcello Arrambide can accurately predict the ups and downs of the stocks.
What is Day Trading Academy?
Day Trading Academy doesn’t sell you any software, bot or indicator for trading.
It allows you to work with coaches who are actively involved in trading. Once you have completed the program, you will be invited to become one of the trainers.
This makes it unique from other similar courses that require you to invest in a lot of indicators and use clean charts to make decisions on trading.
The idea is that this kind of training can give you more flexibility to make money in any sort of market conditions.
An Overview of Day Trading Academy
This programme is created on the basis of learning progress. It can be broken down into four stages as follows:
-
Beginner Phase
This section is a basic introduction to day trading. It comprises 19 chapters which teach you the fundamental concepts of technical analysis, the psychology of trading and emotional intelligence.
-
Intermediate Phase
In this section, you will learn about risk mitigation strategies.
To begin with, the coach will share with you how to spot opportunities for taking trades and the tactics to minimize the financial risk. The phase of the training includes a module called NinjaTrader and Emini basics.
Furthermore, you’ll also learn some advanced techniques to deal with market fluctuation and reversal patterns.
-
Advanced Phase
This phase is designed to train your judgement on momentum direction. You will learn to make use of some strategies to tell valid from invalid trades.
This is a feedback based training which allows you to interact with other students and coaches to come up with the best trading approaches.
In short, you will learn how to set dynamic profit targets, some unconventional trading strategies that help you read the market more accurately.
-
Pro Phase
This section is exclusively set aside for traders who have a deeper understanding of the stock market. You will learn the techniques used by DTA’s best traders on the live market.
Day Trading Academy Price
The basic package of this program is priced at $2,997 for the three month session. It gives you access to digital course materials, a personalised mentoring by the coaches, live trading and review classes.
If you think this is cheap, you can also buy more packages which provide you with extra services.
Is the Day Trading Academy a Scam?
I don’t think Day Trading Academy is a scam.
But you must note that 95% of new traders lose their money and most of them fail to recover the money even in the long run.
Besides, on the official website, they promise you that their strategies will never cause any financial loss to you. In another word, the amount of profit is always higher than the loss.
Is that possible? To say that Day Trading Academy can secure the students from loss actually implies that the academy can get access to all kinds of insider information which is exactly not the case.
In fact, no matter how experienced you are in trading, you are still exposed to lots of uncertainties that might blow off your hard earned money at once.
At the end of the day, Marcello Arrambide’s recommendation or ideas can only serve as a reference for making an investment decision. And you have to bear your own risk in doing stock trading.
Is There an Easier and Better Alternative to Make Passive Income?
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 like Marcello Arrambide, 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.
So if you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate ?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.