Are you looking for a StocksToTrade review? But you may wonder if it is a scam.
It is possible to make a substantial fortune by trading stocks. Inexperienced traders often make the mistake of relying on insufficient funds. For your success in day trading, it is crucial that you use the right software and tools. While there is a plethora of trading options available today, few have been developed for the average day trader.
Many investors have questioned the legitimacy of trading platforms like StocksToTrade. To help you out, we have put together an objective review of StocksToTrade.
As a disclaimer, I’m not affiliated with StocksToTrade. 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 StocksToTrade that has enabled me to make a full-time passive income online.
Table of Contents
- What is StocksToTrade?
- Who Is Timothy Sykes?
- What Is Tim Sykes’s Trading Strategy?
- StocksToTrade Features And Trading Tools
- How Much Does StocksToTrade Cost?
- Day Trading And StocksToTrade Tools
- Can You Trade On StocksToTrade?
- What I Like About StocksToTrade
- What I Don’t Like About StocksToTrade
- Is StocksToTrade Worth It?
- StocksToTrade Alternatives
- Is StocksToTrade a Scam?
- Best Alternative of StocksToTrade to Make Passive Income
What is StocksToTrade?
This stock market scanner is designed to make trading easy and convenient by combining a number of tools in a single interface. These tools include charts, level 2 watchlists, news, training, paper trading and social media.
StocksToTrade was developed by day and swing traders, so the features and functionality have been streamlined to make it accessible to newbies.
Except for a broker, you can find everything you need in a single place.
Over time, StocksToTrade moved away from its EquityFeed roots and became its own trading platform.
Up until that point, StocksToTrade’s purpose was to facilitate communication between subscribers and their already established online brokers, making trading decisions a little less daunting for those clients.
Recommendation: Here’s The Best Alternative
Who Is Timothy Sykes?
To help both new and experienced traders find profitable trading opportunities, Tim Sykes and his outstanding trading team have developed a comprehensive research and stock scanner tool.
As intended by Tim Sykes when he created this platform, more and more people are using it to trade penny stocks. The platform resides in the “cloud” so it can be accessed from any computer with an internet browser.
He is the young genius who turned a bar mitzvah gift worth $12,415 into $5 million when he was a teenager.
As manager of Sykes’ Cilantro Fund Partners hedge fund in 2007, Tim experienced devastating losses. It came as a surprise to everyone when his trading career began to collapse.
That was a year after Trader Monthly magazine named him a rising star in the hedge fund sector.
Even at a young age, he had caused a stir in the Wall Street financial district in New York City with his brilliance.
After suffering such a devastating loss, he changed his trading strategy. It was from this need that the concept of trading “penny stocks” was born
Tim is now a famous trading coach who has trained a large number of stock traders.
CNN, CNBC, Forbes and Bloomberg, as well as Larry King and Steve Harvey’s shows, have reported on his top achievements.
His filmography includes the six-part documentary “Wall Street Warriors,” in which he was featured.
What Is Tim Sykes’s Trading Strategy?
Tim focuses on technical analysis of stocks because he has an amazing ability to predict smart trades in the stock market. Penny’s expertise lies in the stock trading plan, and he takes great care in determining when to buy and sell.
He rarely holds these stocks for more than two days.
Thanks to Tim’s plan, I now know how to short penny stocks. The euphoria around penny stocks drives up their value, but when the euphoria wears off, the stocks crash.
If this is the case and you are unable to capitalize on the situation, consider shorting the stock and making money on the subsequent decline.
This means that you and everyone else have a good chance of making a profit regardless of how the stock market performs.
Recommendation: Here’s The Best Alternative
StocksToTrade Features And Trading Tools
Charts
There are numerous chart types, including candlestick, bar, and line charts, as well as a plethora of indicators and tools for technical analysis.
To help you get a holistic view of price action, you can evaluate and analyse market data across multiple time frames.
It is also suitable for intraday and swing trading. Using special drawing tools, you can manually draw trendlines on your charts and channels.
This is almost essential in order to identify the development of patterns.
Moreover, these charts can be easily connected to other windows.
Technical Indicators
Technical price indicators and momentum indicators are available in the charts.
The stochastic, moving average, MACD, Bollinger Band and pivot point are just a few of them.
There are a lot of moving parts, so it’s good that the software can give you a good visual representation of what’s happening.
Besides, you can adjust the settings, such as the colors of the indicators, to your liking via the top-notch control panel.
Level 2 Data
StocksToTrade clients benefit greatly from access to Level 2 market data, often referred to as market depth data.
Level 2 information includes both bid and ask prices for a given stock. Prices transmitted to an exchange by traders are recorded there. With the help of this tool, you can gain valuable insights into the dynamics of a stock and its potential impact on the price.
And that’s what makes StocksToTrade so great: they have made this tool available to all their paying customers. A feature that on other platforms is reserved for experts only.
Displaying Level 2 data alongside other charts is a great help in technical analysis, as it allows you to quickly and easily identify resistance and support levels of stocks.
Ultimately, this helps you make sound financial decisions.
Stock Scanner And Stock Screener
For advanced stock scanning, you can use Scans and Stock Screener, which works similarly to Filter Builder in EquityFeed.
There are some people who cannot find the Stock Screener.
When you define a filter, you have to go through a series of steps and use a series of menus. STT’s Stock Screener has a clean, straightforward interface that makes it easy to keep track of the values you set.
Using the Stock Scanner and Screener, a top-notch scanning tool that provides comprehensive coverage of stocks, you can access important market data for further analysis.
To name a few:
- Top gainers
- Top losers
- Stocks breaking out
- Stocks pulling back
- Stocks rebounding
- Stocks with the largest recent gains
Watch List And News
When you sign up for StocksToTrade, you have access to watchlists and news as part of your package.
You will not receive any notification from StocksToTrade if a stock on your watchlist breaks through technical support or a resistance level. However, they can be displayed on the screen at any time so that you can keep an eye on the market.
The latest headlines can also be displayed in a pop-up window. These windows can also be linked to others.
This news aggregator pulls news from sources such as the Wall Street Journal, MSN Money, Twitter, Finance, Yahoo, Finvix, and Seeking Alpha, and allows users to sort them by keywords, topics, and stocks.
The developers have included a Twitter filter to isolate relevant tweets based on the user’s input, demonstrating their attention to social media. Often, important developments in the news are first shared on social media before they reach the markets.
StocksToTrade Differentiators
StocksToTrade, on the other hand, offers more tools than its competitors.
Included in a StocksToTrade membership are features such as Level 2 data, OTC, the Oracle scan, a paper trading simulator and Pink Sheets scans.
The StocksToTrade Pro package includes access to live webinars, video tutorials from top traders and training sessions.
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How Much Does StocksToTrade Cost?
There is a one-time fee of $7 for a 14-day trial period. You can subscribe monthly for $179.95 or annually for $1899.50.
Is StocksToTrade Free?
One thing is for sure: it will not cost you anything.
StocksToTrade’s full suite of services and tools is available for a monthly fee of $179.95. If the full price is too much for you, you can try the offer for 14 days for $7.
Below are just some of the many benefits you will enjoy as a member of StocksToTrade:
- Unlimited Custom Watchlists
- Proprietary Stock Selection Tool
- Trading Plan Tool
- Real-Time Charts
- Screener+ Tool
- News Screener Tool
- Paper Trading & Broker Integration
- All-In-One Time Saving Features
If you are ready to take your trading to the next level, StocksToTrade Pro is the way to go. This is a high level training program designed to help you become a better trader.
StocksToTrade Pro also has a live chat room hosted by trading expert Tim Bohen. He broadcasts the stock market in real time while providing audio and visual commentary on the situation.
The price of StocksToTrade Pro is hidden until the time of purchase.
Day Trading And StocksToTrade Tools
Day trading, i.e. buying and selling stocks or currencies within one trading day, is a common practice in the financial markets.
Those who engage in “day trading” are usually financially and intellectually well-endowed and take a tactical approach to the markets.
The risks are great, and it is not for the faint of heart. To be successful, day traders need a sound knowledge of stock market dynamics and the ability to develop short-term trading methods that consistently produce profits.
With the help of StocksToTrade platform you can facilitate your day trading efforts. Despite the dangers, it offers innovative solutions that can accelerate your progress. With StocksToTrade you will always be one step ahead of the game.
Can You Trade On StocksToTrade?
A year of development and upgrades have resulted in the StocksToTrade platform providing a mechanism for broker integration.
StockToTrade was released on September 25 and is now compatible with a wide range of online brokers.
StocksToTrade allows you to connect to your broker and make transactions without leaving the app.
If you do not have a broker yet, you’ll be connected to Tradier, a broker with reasonable fees and clear pricing structures.
But it’s so hard to make a profit.
I know it’s silly to say, but if you are already going to put in the time and effort to become a day trader (and believe me, it’s not easy), you might as well make some REAL money.
Is Stocks To Trade A Broker?
No. StocksToTrade is not a brokerage firm.
For its active users, it has negotiated a special offer with the Tradier trading platform: For only $14.99 per month, traders can make as many trades as they want with a minimum balance of $500.
Recommendation: Here’s The Best Alternative
What I Like About StocksToTrade
- Important and relevant updates are constantly provided.
- Since it is a cloud-based program, it can be accessed from anywhere and at any time.
- It is user-friendly software that is suitable for both beginners and experienced traders.
What I Don’t Like About StocksToTrade
- For the common trader or newbie, $179.95 per month is quite expensive.
- Some users have complained about software lags.
- Inaccessibility on mobile and web
Is StocksToTrade Worth It?
In StocksToTrade you can use the same tools found in modern trading platforms and also those found in older platforms. An excellent example of this is the stock market and social media alert system.
However, there is something you should keep in mind: However, each platform works independently, so you need a subscription to each platform if you want to use it.
In my opinion, this platform helps in three main ways:
Multiple Trading Platforms
StocksToTrade allows you to combine multiple trading services in one place. Still, you need to master the basics of each service before proceeding.
If you do not, it does not matter how well StocksToTrade is designed; you will not be able to use it. Trading success ultimately depends on your skills, your trading habits, and your willingness to stay in the market for the long term.
Therefore, you should never stop watching the market for potentially lucrative trading opportunities, even if you are not quite ready to take advantage of them.
StockToTrade’s Oracle makes this possible by providing a list of momentum companies that are expected to make a move in the near future.
Paper Trading StocksToTrade
You can practice paper trading with StocksToTrade whether you are a seasoned pro or just starting out.
The purpose of this exercise is to familiarize both users with the StocksToTrade interface.
Paper trading is essential for StocksToTrade users as the platform relies on complex indicators.
A way to track your performance and learn where you still have shortcomings is helpful, especially for new traders who lack extensive expertise.
You’ll be able to refine your trading methods and thoroughly analyze your future actions by making direct comparisons with the ready-made strategies already present on the platform.
Chart Analysis
There are reliable news indicators on the platform.
StocksToTrade is a fantastic option for traders because it caters to a wide range of investors.
Simply put, this means that the charts can be modified to better suit the needs of each individual trader.
Every trader can benefit from STT’s many customizable features. For this reason, STT is suitable for people of all experience levels.
However, these improvements are not cheap. That is also a problem. There is a 7-day trial for $1 and a 14-day trial for $7.
Recommendation: Here’s The Best Alternative
StocksToTrade Alternatives
StocksToTrade’s competitors include EquityFeed and Trade Ideas.
EquityFeed
Everyone knows that StocksToTrade looked very similar to the EquityFeed trading platform when it was launched.
Both systems have evolved significantly recently.
EquityFeed, which is now available and cheaper than StocksToTrade, offers almost the same features and capabilities.
It stands out for its reliability, ease of use and speed. Data scanner, charts, news scanner, integrated trading and Level 2 are just some of the available features.
Trade Ideas
It is possible that Trade Ideas will replace the previous option.
If you are one of the scanners who rely on StocksToTrade, you will find that Trade Ideas’ scanning features are comparable to StocksToTrade’s.
Please keep in mind that Trade Ideas is not a replacement for a full-featured trading platform like StocksToTrade. I would not recommend it if you want to do more than a quick look; this also applies to Level 2 data, charts, etc.
Is StocksToTrade a Scam?
I cannot say StocksToTrade is a scam. You can make money doing this, but it’s not quite as easy as Tim Sykes makes it seem.
When you trade money, you should know that you are taking a big risk.
Even if you make it to the big leagues and retire to a winery, getting there is so fraught with danger that it could cost you ten years of your life.
One of my close friends is a copywriter for a world leader in advertising financial shows on television… You can take it from me that most of the impressive statistics they cite in their ads and on their landing sites are questionable at best.
They gloss over the many losses that preceded the big win you read about.
Most people simply do not have the emotional fortitude to endure three months of consecutive defeats before (ideally) experiencing a big win.
Recommendation: Here’s The Best Alternative
Best Alternative of StocksToTrade 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.
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.