Tradespoon Review 2019

​How does Tradespoon compare to other trading course ​providers in this segment? Is their options trading course worth it?

That's precisely what ​you will find out in this Tradspoon review.

Tradespoon Review

What Is Tradespoon?

Tradespoon presents itself as a Trade Intelligence Platform that wants the users to trade in a smarter way.

They argue that successful professional traders do not depend on luck. But on the best possible skills, tool, and techniques.

Tradespoon starts with big promises when they say that they work with:

  • a capable software,
  • hyper-fast data transfer, and
  • outstanding tools

Tradespoon enables their users to make well-informed decisions with the highest potential for profit.

And they claim to be user-friendly and affordable.

You will also find training videos, advanced tools and real-time data on many other trading platforms.

I think, it is always a good idea to check the people behind the scenes to find out if you believe, you may trust them.

Continue reading the Tradespoon Review to find out if Tradespoon can keep all these big promises.

​The Most Important Person behind Tradespoon Is Vlad Karpel

Vlad Karpel, CEO and founder of Tradespoon were the Executive Vice President and the Head of Technology of OptionsXpress.

Vlad Karpel - CEO

The figures for the following years are impressing, and they seem to tell a story of success.

By now Vlad Karpel looks back to more than 15 years of experience in this business. He wants to share it with the users to help traders of all different levels to:

  • make better informed,
  • smarter and
  • more successful trades.

He believes in the positive effects of the right teaching methods. Even though he promises that the users will always be supported at Tradespoon. Vlad is ready to answer all kinds of questions; the final aim is to enable the users to succeed on their own.

Vlad Karpel offers the subscribers to look over his shoulder while he is trading himself.

TradeSpoon ​Core Principles

​Tradespoon intends to help the users to become better and more successful traders in three simple steps:

​1) Sign in for Free

Create an Tradespoon account profile to start taking advantage of the useful Tradespoon video training

2) ​​​Improve Your Knowledge

Your skills with the help of these training videos to study while you make money. And use Tradespoon tools and real-time market data.

Tradespoon describes the most important steps being significant for successful trading. Aim for the best possible entries and exits in 3 steps:

​3) ​​Find the Right Signals and Strategies

With the help of the Tradespoon tools your trade entries shell be found faster.

Execute it with the help of the training that Tradespoon is offering.

​This sounds comfortable. The website makes it easy to navigate and to find what you are searching for.

Is Tradespoon so much better than other providers in the market? For example like Trade Ideas and Warrior Trading? Let's have a closer look at the products offered.

​Products | Services | Costs

​Products & Services Overview

​Let's start with the good news. Tradespoon offers a 7-Day Free Trial, and this free membership offers a lot.

​Benefits:

  • Getting Started Guide with a quick-start video to make you see how to handle the platform and what you can do
  • ​Video Training Library: Dozens of short educational videos for traders
  • ​​Live Educational Webinars with new live trading sessions and webinars every week
  • ​HD Webinar Recordings that allows you to watch the educational videos you may have missed in the past
  • ​The Market Commentary: Tradepoon's blog that is updated twice every week.
  • ​Case Studies with step-by-step-videos giving you the chance to watch live trading examples
  • ​Smart Trading Guides in the shape of PDF-checklists and guides to help you to improve your trading decisions
  • ​The Virtual Trading Account to practice with virtual money and without any risk
  • ​The Dedicated Support always being ready to answer every question you may have

So far, so well, but does Tradespoon work to improve your trading and your profit for real?

​Tradespoon's tool for analyzing and for predictions is called the Trade Intelligence Platform.

​Tradespoon Review - Platform Features

Tradespoon Bulls/Bears

A weekly list of over-performing and under-performing stocks

Seasonal Charts

They show the historical performance of every stock. The idea is to enable you to predict the performance in the future.

Probability Calculator

Check the current risk-reward ratio.

Active Trader Tool

A particular service for traders who are too busy to do their research

Active Investor

A unique service for swing traders who are too busy to do their research.

Forex Forecast Tool

For analyzing and predicting the movements of Forex trades. Including:

  • stock forecast tool,
  • company screener,
  • profit calculator and
  • portfolio manager
  • education with weekly live trading sessions and training webinars and videos

Trade Ideas Tool

To personalize the predictions according to your investment criteria.

​Expert Stock and Options Picks Alerts

About the highest quality trades. Including the expected direction and the entry and exit prices.

​Stock Focus List

With liquid stocks and seasonal charts.

​Proprietary Equity Research

Including stock reports in cooperation with Thomson Reuters.

​Portfolio Toolbox

It’s offering the perfect organization of your portfolio.

​The Virtual Trading Tool

Practice with virtual money without any risk.

Trading Block

Trade for real in the live market – by saving commission rates when you are a member.

Tradespoon's Video Training Vault and Trading Guide

Also, this section is containing a lot of useful video lessons.

You can watch every video by using your computer, your laptop or your mobile devices. Whenever you want and where ever you are. And remember, this is for free.

Tradespoon's Video Training Vault

Tradespoon's free Trading Guide is as user-friendly. It is easy to select the topics you want to investigate. You don't have to go through a lot of others before you get to the wanted point.

This particular guide includes all critical aspects of trading. Like technical analysis, the use of research tools like stock screeners.

This guide is split into four sections:

  • Tradespoon 101 for beginners
  • to get familiar with the Tradespoon tools
  • Advanced Options Strategies
  • understand options, options spread and risk
  • Technical Analysis
  • Use Tradespoon's forecasting

This Trading Guide is also available as a PDF-book that you can download whenever you want.

Tradespoon Costs, Refunds, and Performance

​Tradespoon offers four different membership options you can choose:

1) ​Forever ​Free Basic Subscription for Beginners

Enjoy the access to all educational videos, live webinars and case studies – for free and without any time limits.

2) ​​​Stock Forecast for $ 127 per Month

Full access to the Tradespoon Stock Forecast Toolbox. Improve your short-term and long-term investments.

3) Premium Package for $ 197 per Month

Full access to everything that Tradespoon offer. Plus expert stock and options picks with entry and exit points, alerts and updates per SMS or e-mail.

4) ​​Tools Bundle for $ 147 per Month

For traders who want to make their picks with Tradespoon Stock Forecast Toolbox.​

​​Once you signed in for a membership with a monthly charge, Tradespoon offers you to pay your money back. They do if you are not completely satisfied within the first 30 days of your membership.

This sounds fair to me as it lowers your risk to make a mistake.

​Tradespoon Performance

Let's proceed with the Tradespoon review by having a closer look at the performance tables.

More valuable points for your final decision are the:

  • Tradespoon Expert Picks Performance list,
  • Tradespoon Live Trading Performance list and
  • the Tradespoon Live Forex Trading Performance list.

These lists will give an impression of how Tradespoon is doing the job (as of January 1, 2019).

Tradespoon Live Trading Performance

​​​Here is one negative point about the performance graphs. The performance is based on backtests only!

Those trades where never been executed under real market conditions.
For me, it is a bit misleading that the headline is "Tradespoon Live Trading Performance," and the result is "backtest based." In my opinion, the headline should be "backtest performance"!

Also, it seems that there are no commissions included in the calculation.

So please, be careful here. Like many other vendors in the trading education segment, Tradespoon fails when it comes to proof of performance under real market conditions.

There are not account statements posted, and the brokerage account isn't streamed in real-time.

​Jason Bond and Ross Cameron do much better here by providing proof with account statements and real-time desk sharing.

See Also:

​Provider Checklist

  • ​Founded: ​2012
  • Number of members: ​n.a.
  • Company Address check: Superdome LLC, 318 Half Day Rd., Suite 215 Buffalo Grove, IL 60089
  • Free trial: Yes
  • ​Free resources: Yes
  • ​Coupons and Promo Codes: Yes
  • Money back guarantee: Yes​, 30 days
  • Affordability: ​Mid-price segment
  • Verified income statements: None, only published backtest-results
  • User Experience based on reviews on the website: Simple to use
  • User Experience based on internet research: ​TrustPilot 6.8/10

Tradespoon Review ​Summary

​Rating

​Overall 3.5

​Proof of Performance

2.5

​Subscription Terms

​4.0

Versatility

3.5

Free Resources

​3.5

Free Trial

​5.0

I like that there is a free 7-day trial period available to new traders.

And the 30-day money back guarantee is something unique in the trading educator space.

But there are some downsides too.

First of all focuses on options trading and options trading is one of the most o​riskiest investment strategies.

​If you are a beginner to beginner to day trading, then you should avoid options trading without trading on paper first.

Why?

Because with options trading you can lose more money than you have on your account.

​Also, ​the ​live trading performance and performance graphs are only hypothetical results and backtest based.

It's a bit ​misleading that the headline above the performance tables ​is called "Tradespoon Live Trading Performance" but the results where never archive with live trading. Also, it seems that the commissions are not included in the calculation.

Tradespoon Alternative

Trade Ideas Artificial Intelligence-based stock screener is a great alternative to Tradespoon. Automated trading, A.I. based stock screening and integreated charting are just a few of the advantages.

Tradespoon ​Review - Pros and Cons

​Pros

  • 7-day ​free trial and training
  • ​Possible refund within 30 days
  • Free weekly live feed via YouTube

​Cons

  • ​Options trading is high risk
  • Backtest results only
  • No real proff of performance
Updated: May 11, 2019