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Is Traders Academy Club A Scam?
Whether you’re a seasoned trader or an aspiring one looking to start but don’t know how or where, this is a must-read review for you. Here, we will guide you through the ins and outs of this training platform and weigh the pros and cons to help you make a well-informed choice.
So, you’ve probably heard of or just happened to come across Traders Academy Club while looking for ways to learn forex trading online and you wanted to find out whether it is indeed a legitimate platform (with legitimate forex trading experts) that you can trust (or not), or if it’s actually worth your time and money.
Well, you’re in luck! You’ve come to the right place.
Like you, we’re both very cautious business minded people who like to try new opportunities and are always on the alert for “scammers”. So, let’s check Traders Academy Club out, shall we?
What is Traders Academy Club?
It is an educational cum online training platform for learning forex trading and watching live, in-action stock trading sessions conducted by Vladimir Ribakov himself and his team.
Who is Vladimir Ribakov?
Vladimir, a forex trading expert, is the chief mentor and founder of Traders Academy Club. He has been professionally trading for over 11 years, authored fx trading systems, and delivered seminars to forex trading communities worldwide.
Is Traders Academy Club being lead and managed by forex trading experts? Yes.
How much does it cost to join and what do you get from it?
Membership costs $197 per year. The program offers weekly market reviews, trading resources (including webinars, educational videos and reading materials), live trading room sessions, daily trading reports, and live one-on-one mentoring by Vladimir and his team of fellow traders.
Your membership gives full access to Traders Academy Club training resources (beginner to advanced levels):
- Live Trading Room Sessions Once per Day (EU & US Timezones)
- Complete Access to Thousands of Archived Educational Trading Videos
- Download Invaluable eBooks and Trading Tools
- 24/7 Support Via Live Chat
- Detailed Trading Reports Once a Day
- Live Chat Room to Interact With Vladimir and Fellow Traders
Does it offer great value for its price? Yes.
What are the club members saying about it?
What better way to get a glimpse of the Traders Academy Club experience than hearing it from the club members themselves? Vladimir’s trading academy is rated 4.7/5.0 (excellent rating) by 86 reviewers.
Actual members’ performance speak volumes about the program:
Can you trust this program? Yes. Very few forex education programs get consistent excellent ratings.
What do we like best about it?
The live trading sessions provide powerful hands-on learning experiences even experienced traders will truly appreciate. Mentoring from a trade expert like Vladimir himself saves you from a lot of pitfalls and costly mistakes most newbies and even experienced traders make along the way.
Is it worth your time and money? Yes.
But, what don’t we like most about it?
Seems the team behind Traders Academy Club are mum about the risks and do not divulge insights on how to avoid them. Understandably, such things could be trade secrets and are best learnt by actual experience by a trader himself.
Will this sway us against Traders Academy Club? No. It’s fair for anyone to guard their trade secrets.
So, is Traders Academy Club a scam?
Given all the information above, it is fair to say that this learning platform is one of the best (an most comprehensive) forex trading education one can find online. With mentors who are trade experts themselves, even an uber newbie trader like us ca easily tread the high waters of FX trading in no time.
Verdict: Traders Academy Club is definitely a legit FX trading educational platform and NOT a scam.
The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $5.1 trillion per day.*
FOREX.COM
Whom is it best for? Do we recommend it?
If you’re looking to learn the ropes as a newbie to FX trading, Traders Academy Club is for you. For the price of $197/year, we can honestly say it is a worthwhile investment.
Quick Guide to Forex Trading
Here are a few things to note when considering getting into this business:
What is forex?
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. [Source: Wikipedia]
How does Forex trading work?
Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future. [Source: Forex.com]
Is Forex Trading profitable?
Can forex trading make you rich? Although our instinctive reaction to that question would be an unequivocal “No,” we should qualify that response. Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. [Source: Investopedia]
Is Forex Trading worth it?
The short answer is, Forex is an opportunity that enables you to invest some money to make more money. It is an investment opportunity to increase your wealth. So it is worth to learn how to trade Forex and make money with it. Without having those conditions you can’t make any money through Forex trading. [Source: LuckScout]
If you’re an experienced trader and are looking to enhance or maybe just keep an eye on competition and new markets, the weekly market reports and live trading sessions will definitely provide lots of trading insights and will keep you abreast with emerging markets.
Yes, we recommend it.
Conclusion
Forex Trading, understandably, is one of those skills that has a steep learning curve to start with. As such, it is critical for anyone looking to dive right into this “high-risk, high-reward” venture to invest in mentoring programs like Traders Academy Club and learn from the experts themselves.
