The Daily Traders Review – Scam or Legit? Truth Exposed!

If you are interested in financial investment, you might like to know what it takes to become a successful trader.

The Daily Traders 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 Daily Traders a Scam?

In order to give you an answer, I’ve spent some time diving into the course The Daily Traders.

Since I’m not affiliated with 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 The Daily Traders.

Who is The Founder of The Daily Traders?

The training program was created by Mark who has worked in various day trading companies. His YouTube channel The Daily Traders has 40.6k subscribers. 

founder of The Daily Traders

According to Mark, he started the academy after realising that most traders are confused with trading strategies.

The mentorship group is set on a mission to help all traders of the program 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 Mark can accurately predict the ups and downs of the stocks.

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What is The Daily Traders?

The Daily Traders doesn’t sell you any software, bot, or indicator for trading. It is a trading mentorship program that allows you to work with 12 coaches who are actively involved in trading. 

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.

In day trading, multiple positions are opened and closed throughout the day. To take advantage of short-term movements, day traders spot trends and react to current events.

An Overview of The Daily Traders 

This mentorship program is called Exclusive Trading Mentorship Group. In the course, there are 24 videos totaling 2.5 hours. On average, it only takes 2-3 days to complete the course.

Below is an overview of what it includes: 

Trading Callouts

  • See exactly when Mark buys and sells a Stock
  • Receive all notifications in real-time
  • Understand position breakdown & explanation

Market Masterclass

  • 25+ in-depth screen share & whiteboard training videos
  • Designed to make learning efficient & effective
  • Full trading system breakdown & execution

Exclusive Discord Server

  • Daily pre-market stock watchlist
  • 1on1 mentor consulting with The Daily Trader
  • Get your questions answered in real-time
  • Access the community of day traders
  • Live announcements, updates, insights, analysis ETC.

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The Daily Traders Pros

1. You will see instant results

Day trading is fast and you will see instant results. And what do I mean by instant results?

In a matter of minutes, you already know whether you are right or wrong, since either the trade moves in your favor or it moves against you.

At the end of the day, after you’ve made some day trades, you know how well you’re doing, right?

The Daily Traders Cons

1. Day trading requires split-second timing 

The system isn’t well suited to people who make decisions and commit slowly. Day traders must be able to analyze the market quickly and execute high-probability trades quickly and confidently when they see a high-probability trade.

Also, you must be able to manage your trade, maintain impeccable discipline, and manage risk and reward efficiently.

2. Day trading can be more emotional than other types of trading

The pressure of the time limitations can make it difficult for you to handle a profit and loss statement that moves up or down quickly.

3. Not possible to get rich

It is unlikely you will get rich or make an exorbitant amount through a single big trade; wealth is usually acquired over time through a series of small trades.

4. Multiple transaction fees

Multiple transaction fees apply because of the numerous positions held and the fast-paced activity on the financial market that one is involved in.

5. Day Trading is risky

The risk of day trading is still high even with the Innovation Investor’s analysis or recommendation. They don’t give any kind of guarantee. Some stocks can lose value, even all their value, if market conditions sour. Microcap stocks are particularly vulnerable to market manipulation.

6. You’ll need a considerable amount of initial capital 

Technically, there’s no minimum amount of money needed to start day trading. But you probably need at least $200 — $1,000 to really get started right. For example, to buy a stock priced at $60 per share, you will need $6,000 in your account.

7. You still have to count on your investment skills

The Daily Traders only gives you some insights or ideas about investment opportunities. But for the execution part, you still have to rely on your own judgment and skills. 

Is There A Refund Policy?

The Daily Traders doesn’t provide any money-back guarantee. You should think twice before signing up for their program.

The Daily Traders Price

The package of this program is priced at $494. It gives you lifetime 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.

The Daily Traders Price

Is The Daily Traders a Scam?

I don’t think The Daily Traders 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 The Daily Traders 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, their recommendation or ideas can only serve as a reference for making an investment decision. And you have to bear your own risk in doing day 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 Mark, 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 Testimonial

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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