Prosper Trading Academy Review – Scam or Legit? Exposed!

Are you looking for a Prosper Trading Academy review? But you may wonder if it is a scam.

Many people mistakenly believe that only the wealthy can afford to buy and sell securities such as stocks, currencies and cryptocurrencies. However, this is completely untrue.

Now more than ever, ordinary people like you and me have access to a variety of resources that allow us to build a solid investment portfolio.

Thanks to “fractional shares,” you can build your stock portfolio with as little as a dollar Even though it may not seem like it at first glance, betting on NFT games in hopes of winning some cryptocurrency can be considered a type of investment in cryptocurrencies.

A good financial education is the most important factor you should consider when building an investment portfolio. Investing can be very risky, so one bad bet is enough to lose a lot of money.

This is why companies like Prosper Trading Academy offer online training programs. The ad encourages you to sign up with Prosper Trading Academy if you have ever felt like you need help with your investments or want to learn more.

As a disclaimer, I’m not affiliated with Prosper Trading Academy. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.

At the end of this review, I’ll also tell you the best alternative to Prosper Trading Academy that has enabled me to make a full-time passive income online.

What Is Prosper Trading Academy?

Prosper Trading Academy is dedicated to providing students with a personalized and quality education. On its website, Prosper Trading Academy boasts that its instructors have over 75 years of combined experience teaching traders how to maximize their potential.

Whether you are a complete trading novice or a seasoned veteran, you will benefit from the well-designed programs that will help you master your chosen asset class and even move into other areas.

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Who Is Scott Bauer?

Scott Bauer, founder and CEO of Prosper Trading Academy, is a frequent contributor to TD Ameritrade.

He has more than 25 years of professional experience trading equities and index options on the CME, CBOE and CME Group’s Chicago Mercantile Exchange (CBOE).

He also enjoys a reputation as a market maven and is frequently featured on major business and financial news, including Fox Business, Bloomberg and CNBC.

Scott received his Bachelor of Science in Business Administration with honours from the University of Illinois and has since taught at both his own university and the Chicago Board Options Exchange (CBOE).

When the CBOE began trading Amazon.com options in 1997, Scott was the only market maker on the exchange. He has also executed trades and market moves in widely known companies such as Coca-Cola, Bank of America, U.S. Robotics, Rambus, AIG and Delta Air Lines.

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Inside Prosper Trading Academy

Prosper Trading Academy offers a wide range of courses. Depending on your trading skills and motivation, you can choose from the following options:

Options Volatility ($499.99)

Learn the basics of option pricing and perhaps strengthen your portfolio against market fluctuations.

Consider incorporating this data into your trading plan if you expect quarterly earnings reports, market events, or geopolitical unrest.

Penny Stocks ($4,995.00 For Three Months Of Access)

Penny Stocks are preferred by many experienced traders as a means of making profits in the stock market.

In this course on penny stocks, participants will learn both basic and sophisticated strategies for minimizing potential losses. Your penny stock specialists are more interested in over-the-counter trading than in long-term investing.

Short-Term Options ($4,995.00 For Three Months Of Access)

Short-term options allow traders to profit from either a rising or falling market by taking an appropriate amount of risk.

Learn to trade options quickly and efficiently with options training from PTA, where most trades are opened and closed on the same trading day.

Momentum Stocks (E-Book, Free Download)

Discover the basics of stock trading. Thorough research on stocks, including short sales and dividends, is recommended.

Take the time to learn about market entry and exit orders, algorithmic trading, and sound trading psychology.

Cryptovault Newsletter ($699 Per Year)

Bitcoin and other cryptocurrencies have offered some of the most promising investment opportunities over the past decade.

Master the fundamentals driving price reactivity, the many tokens and their use cases, the ability to identify “best in class” companies within each token category, and the combination of both to profit from market volatility.

The focus is on resources that will help you understand this emerging asset class and make smart investment decisions.

Options Income & Long-Term Trading

Get the inside scoop on trading and managing options like a hedge fund manager.

Whether you are a novice or a seasoned pro, you’ll get hands-on experience finding and executing options trades, setting profit targets, and monitoring positions and risks.

If you want to be successful with options trading in the long run, you’ll be shown how to avoid the most common mistakes.

Foundation Room

Prosper Trading Academy’s Foundation Room can serve as a learning resource for traders of any experience level.

Here you can either refine your trading skills by going back to basics, or discover new strategies that could help you become a more reliable trader.

Option volatility theory, a strategy for standard and specialty stock trading, trading psychology, and instruction on how to use technical analysis tools such as scanners and algorithms to identify potential market openings are all on the programme.

In the Foundation Room, you will receive live instruction and feedback on your questions and concerns each day.

Prosper Trading Academy Pricing

There is no honest information about how much it will cost to enroll in Prosper Trading Academy. This is because it depends on the program you want to enroll in.

However, I have read that a full year of access to Prosper Trading Academy would cost $20,000.

Clearly, this is an expensive program even if you do not plan to use all the features available.

The usual justification for such prices is that consumers ultimately get what they pay for. Moreover, the profits you make with this strategy may even more than outweigh the costs you incur.

But that’s where the catch comes in. There are a few reasons why it is not beneficial to sign up for one of these courses.

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Can You Make Money With Prosper Trading Academy?

The answer is yes. However, spending cash is a prerequisite for financial success.

Many consumers find the process of buying and selling stocks complicated.

Do not get me wrong, okay?

You can make money trading, but if you put in the hard work required to succeed in this industry (and believe me, it’s not easy), you might as well make some REAL money while you figure things out.

What I Like About Prosper Trading Academy

  • Courses that are comprehensive
  • Real time trading room
  • Individual lessons

What I Don’t Like About Prosper Trading Academy

  • Subscription is expensive.
  • High-risk business model with uncertain outcome
  • In 2022, this is not the ideal business model.

Is Prosper Trading Academy A Scam?

I cannot say Prosper Trading Academy is a scam. Sure it’s profitable, but it’s not quite as simple as Scott Bauer makes it seem.

When you trade financial products, you should know that you are taking a big risk.

Now, it’s not out of the question that you’ll become a major league star and settle down at a winery after your career is over… If you make it there at all, the journey there will be so arduous that a decade of your life could be gone.

I have a friend who works as a copywriter for one of the world’s leading financial advertising companies. Believe me when I say that the “amazing” numbers they use in their commercials and landing pages are questionable at best.

What you do not read about are the many losing bets and trades that preceded the big win.

Well, most people cannot take three months of consecutive defeats before (ideally) a big win.

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Why I Don’t Recommend Prosper Trading Academy?

Given the professional design of the website and the frequent media coverage of the coaches, there is no doubt about the credibility of the company. Therefore, one might think that they are reputable.

However, after doing some research, I discovered on the Internet that there is evidence that others may have a different opinion.

First, the general consensus on Reddit is that you should not believe this app. Everyone agrees that the only people getting rich from this training program are the sneakers.

That’s a point of view I wholeheartedly agree with. It is a good idea to take some online courses to learn about the stock market, but you should not pay too much for them.

There are currently many comprehensive online courses to learn the basics. Plus, most of them are available for free.

Also, I have not seen any success stories from people who have signed up for this program, other than the testimonials that can be found on the website.

But the reviews on Trustpilot may give a different picture. Considering the many positive reviews for Prosper Trading Academy.

It is important to know that not all of them can be trusted. Therefore, they can be quickly overlooked.

There are even reports of people who lost even more money in the stock market after applying what they learned here, and there are no publicly available success stories.

Since there is no surefire way to “hack” the stock market, this is to be expected unless you are extremely careful. However, all you can do is try to limit the damage.

Prosper Trading Academy Review: Final Verdict

To conclude this Prosper Trading Academy Review, I would like to say a few things about the course.

In my opinion, there is no foolproof way to make a lot of money in the stock market or cryptocurrencies by trading stocks.

You should avoid these types of courses if they make false or misleading claims. For the simple reason that you can tell that they are not entirely true.

But even with the help of forecasting tools like VantagePoint, you should not expect a certain result.

Also, if you are looking for a serious business opportunity to supplement your income, keep reading.

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Best Alternative of Prosper Trading Academy to Make Passive Income

If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.

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.

Prosper Trading Academy Review

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.

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