Tradespoon Review 2019
Especially in one point, Tradespoon differs from other providers in this segment. As the Tradespoon Review reveals, Tradespoon is one of the few trading course companies offering both; a 7-Day Free Trial and a 30 Day Money Back Guarantee.
But how does Tradespoon compare to other vendors in this segment? That's exactly what you will find out in this Tradspoon review.
Tradespoon presents itself as a Trade Intelligence Platform that wants the users to trade in a smarter way. They argue that successful professional traders are not depending on luck, but on the best possible skills, tool and techniques.
Tradespoon starts with big promises when it is mentioned that they work with an incomparably effective software, hyper-fast data transfer and outstanding tools to enable their users to make well informed decisions with the highest potential for profit.
In this context they go so far to compare their service with the service of the competitors to come to the conclusion that their alert service, their newsletter and their app were simply the best.
I think, this is quite courageous and very self-confident.
At the same time they claim to be user friendly and affordable.
Continue reading the Tradespoon Review to find out if Tradespoon is able to keep all these big promises.
You will also find training videos, advanced tools and real-time data on many other trading platforms.
So, I think, it is always a good idea to check the people behind the scenes to find out if you think, you may trust them.
The most important person behind Tradespoon is Vlad Karpel, the CEO and founder of Tradespoon, who was the Executive Vice President and the Head of Technology of OptionsXpress since their beginnings in 2007.
The figures of 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 and 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 and, even though he promises that the users will always be supported at Tradespoon and that he will always be ready to answer all kinds of questions, the final aim is to enable the users to succeed on their own.
To reach this, Vlad Karpel offers the subscribers to look over his shoulder while he is trading himself.
If this is all true, it doesn't sound bad at all.
It is Tradespoon's intention to help the users to become better and more successful traders in three simple steps:
- Sign in for free to create an account profile to start taking advantage of the useful Tradespoon video training
- Improve your knowledge and your skills with the help of these training videos to study while you make money
- Use the Tradespoon tools and real-time market data to start with more profitable trades
In addition, Tradespoon describes the most important steps being significant for successful trading with the best possible entries and exits:
- Find the signal with the help of the highly advanced Tradespoon tools for stock forecast, Forex forecast, futures forecast and Intraday predictions
- Find the right strategy and execute it with the help of the training that Tradespoon is offering
- Manage and re-balance your portfolio with the help of Tradespoon's tools for analysis and with their forecasting data and future trends
Fine, this sounds comfortable and the website makes it easy to navigate and to find what you are searching for.
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.
So, you have a whole week to find out yourself if Tradespoon keeps all the big promises and if it may be worth it to sign in afterwards and to spend money for the service.
- This is what the Tradespoon Free Trial includes and what you can check out for free:
- 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 with dozens of short educational videos for beginners and for professional traders
- Live Educational Webinars with new live trading sessions and webinars in every week
- HD Webinar Recordings that gives you the opportunity to watch the educational videos you may have missed in the past
- The Market Commentary Tradepoon's blog that is updated twice in every week and where you find useful information about the market and stocks you may be interested in
- 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 being based on more than 15 years of experience. This one offers the following:
The Tradespoon Bulls/Bears a weekly list of over-performing and under-performing stocks
The Seasonal Charts being graphs to show the historical performance of every stock to enable you to predict the performance in the future
The Probability Calculator to make you see if a certain stock is just above, below or in between specified price targets
The Active Trader a special service for traders who are too busy to do their own research
The Active Investor a special service for swing traders who are too busy to do their own research
The Stock Forecast Toolbox including a stock forecast tool, a company screener, a profit calculator and a portfolio manager
Education with weekly live trading sessions and a lot of training webinars and videos
The Forex Forecast Tool for analyzing and predicting the movements of Forex trades
The Futures Forecast Toolbox with short-tern and long-term predictions of Future's with an accuracy of up to 80%
The Trade Idea Tool to personalize the predictions according to your investment criteria
The Expert Stock and Options Picks alerts regarding the highest quality trades including the expected direction and the entry and exit prices
The Stock Focus List a list of especially liquid stocks with seasonal charts, a detailed stock research report and probability calculations
The Proprietary Equity Research including stock reports and analysis resulting from the cooperation with Thomson Reuters
The Portfolio Toolbox offering the perfect organization of your own portfolio by using the means of portfolio analysis, portfolio optimization and portfolio management
The Virtual Trading Tool to practice with virtual money without any risk
The Trading Block to 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 containing a lot of useful video lessons for traders of all different levels is well organized for you can choose the topics you are interested in.
You can watch every video by using your computer, your laptop or your mobile devices when ever you want and where ever you are. And remember, this is for free.
Tradespoon's free Trading Guide is just as user friendly. It is easy to select the topics you want to investigate and you don't have to go through a lot of others before you will get to the wanted point.
This special guide includes all important aspects of trading, like e.g. technical analysis, the use of research tools like stock screeners and options strategies.
This guide is split into four sections:
- Tradespoon 101 for beginners in trading, teachings them the first steps in the business and helping them to get familiar with the Tradespoon tools
- Advanced Options Strategies for those who want to gain a constant income with trading, helping them to understand options and options spreads and teaching them how to reduce the costs and the risk
- Technical Analysis being an introduction to the methods of technical analyzing in accordance with Tradespoon's forecasting
- Developing a Trading Plan to enable you to organize and to handle your portfolio in a professional way
This Trading Guide is also available as a PDF-book that you can download when ever you want.
Tradespoon – Costs, Refunds and Performance
Tradespoon offers four different membership options you can choose:
Free for beginners in trading who will surely enjoy the access to all educational videos, live webinars and case studies – for free and without any time limits
Stock Forecast for $ 127 per month giving you full access to the Tradespoon Stock Forecast Toolbox to improve your short-term and long-term investments
Premium for $ 197 per month including full access to everything that Tradespoon offers and additional expert stock and options picks with entry and exit points, alerts and updates per SMS or e-mail
Tools for $ 147 per month for professional traders who want to make their own picks being supported by the Tradespoon Stock Forecast Toolbox
I think, you can feel quite safe here as you have the opportunity to sign up for the 7-Day Free Trial to find out which one of these subscriptions may be the best for your needs.
Once you signed in for a membership with a monthly charge, Tradespoon offers you to pay your money back 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.
More helpful points for your final decision are the permanently updated Tradespoon Expert Picks Performance list, the 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).
The website also includes a list of testimonials to show you what other users say about Tradespoon.
Tradespoon – 7 Top Advantages
- 7-Day Free Trial to see if this platform meets your needs
- the guaranty to pay your money back if you are not satisfied within the first 30 days
- the permanently free membership for beginners to learn all about the first steps in trading
- free educational videos, live webinars and case studies for everyone
- a well organized platform that makes it easy to navigate and to find what you are searching for
- the opportunity to use all services with your computer, laptop or mobile device
- more than 15 years of experience in the business
- 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
Tradespoon is making big promises by introducing itself as the platform with the fastest data transfer, the most advanced tools, and the very best software and analysis of all in the market.
Tradespoon focuses on options trading, which is one of the most oriskiest investment strategies.
The free 7-day trial period to a 30-day money back guarantee, unlimited free access to the extensive video training library and various ebooks,
However, if you are a beginner to beginner to day trading, then you should avoid options trading under any circumstances.
Because with options trading you can lose more money than you have on your account.
So how to win the race?
With stock trading. Start with a paper trading account and scan the market for your favorite setup - like for example with Trade-Ideas Artificial Intelligence-based stock screener.
Tradespoon - Trade Smarter | Pros and Cons
7-day free trial and training
No information about the working hours of the customer service
Possible refund within 30 days
No new videos on YouTube since 2016