The Technical Traders is an ETF and index picks/signals service. After being a member for 6 months I created this review to show you behind the scenes and let you know if it’s worth investing in this service. Watch this video for the full review;
Hello, it’s Jonathan here from Trade Wise. And in this video, I’m going to be doing an honest review of Technical Traders. If you’re thinking about maybe buying Technical Traders, maybe you’ve heard about it, maybe you’ve researched it online, want to know if it’s any good or not. I’ve been a member for about six months now. I’m going to be showing you what I know about the service. I’ll show you behind the scenes in the members area, and I’m going to give you my honest opinion, where I think it’s something that’s worth continuing. And basically, whether or not it can compete with some of the really standout products that I’m already using and profiting from as part of the trade wide system. So without further ado, let’s learn more about Technical Traders.
What Is The Technical Traders
All right. Here we are at a Technical Traders Ltd. website, The actual website address is thetechnicaltraders.com, just to make sure you’re going to the right location. Basically, this is a stock signal service. I say stock signals, actually trades a range of different commodities and different markets. And a lot of the time i found from my experience over the last few months, it mainly focuses on ETFs. Now I’ve been a member for about six months, and I do feel as though I’ve gotten to know the service and the system quite well. But if you’re brand new to this, then you can find a lot of information on the homepage. You do have to be a little bit careful, because the whole idea of this website is to try and sell you on what they’re trying to do. But they are quite open and transparent, they’re talking about the system and how they make their picks. Some information here, which is fairly difficult to verify how many customers and things that they’ve got. One thing that I don’t really like about the homepage, they’re talking about some of their recent positions and things here. And obviously, you can see a lot of green versus a lot of red. Now I’m not 100% sure this is correct, to be honest. Based on the experience that I’ve had over the last six months, I’ve had more losses than the nothing indicated here, and some of the wins have been smaller than suggested as well.
Is The Technical Traders A Scam?
And that’s the first, sort of, slightly negative aspect of it. That’s not to say, though… I don’t necessarily think that they’re scamming, I don’t have a problem with this service. I kind of like it overall, but maybe they’re trading in a slightly different way. I’m betting perhaps they’re using options or something else and just getting slightly different results, maybe just getting in at a different time in the market. You do expect some fluctuation, that’s for sure. All I’m saying at this point is maybe, just take this with a pinch of salt, I wouldn’t necessarily suggest that over the last few months you’d have made whatever the combination of 21%, 25%. It looks as though you’re making 100% return within just the period of January to March, but I was a member during this time, and I certainly didn’t make that kind of profit.
So that’s the homepage, and hopefully you can understand that I’m just trying to be honest about I’m seeing here and my own experience of it as well.
The Member’s Area
I’ll take you inside the members area now, because you can spend a bit of time… If you want to go and have a look through the actual website in more detail, Then of course you can do. But when you actually go into the members area, one thing that I really like about this is that there’s a daily update. They do like an over-the-shoulder video that you can watch on where the markets at. That’s both a general review of markets and get a bit of market sentiment, but also specifically talking about the open positions as well. I do really like the fact that A) it’s transparent, and B) they kind of walk you through it. There’s other services that I’ve reviewed recently. And ones that I don’t like is where they just post the odd signal on the website, without any kind of narrative or ongoing support where you can find out, if you nervous about a trade or whatever. At least with this particular signal service, they will kind of walk you through and hold your hand and just reassure you of what is actually happening with those particular trades. While it’s on my mind as well, they also do email signals as well. Again, that’s really good. You don’t necessarily have to keep the website, I tend not to. I tend to just wait for the signals, and maybe the end of the week, I’ll just double check that I’ve not missed something, like with a closing signal or something like that, that maybe just have overlooked in my emails. But as I say, it is there for you. The video reviews and the timeline of some of the trading history.
What To Expect When Joining.
Now one thing I will just say is please don’t go ahead, I’m in the members area here, you’re going to see some trading signals and things. Do not copy these signals whatever you do, because they’re not going to be valid anymore. I mean, these are valid as of today. And by the time you watch this, those signals will be well and truly gone and subject to history. I’m only showing you the inside, I just like being open and honest with people. I don’t want you going and trading these, so please don’t just take these. What you’re seeing on the screen now has been signals, I’m just trying to show you what to expect if you do join this service.
There’s quite a few positives. I do like the way the communication is done, you’re not left alone with it. They’re kind of educating as they go along, putting you in the picture. There’s video archives her, live portfolio is what trades are open right now. I’m going to show you this portfolio in a minute, that’s the history of the portfolio, instructions on how to do different things. Again, just walking you through it. There are some educational areas as well, it’s talking a bit about ETFs, and there’s the management section where you can manage your own account. I guess ultimately, this is not a particularly cheap service, and I think I’m paying $199 per quarter. That’s not pocket money, it’s a reasonable sum to pay. Ultimately, for me, it comes down to… Now, because I’m happy with the communication, and I’m happy that it’s not a scam. But if I was in your shoes right now, you’ll be thinking “How profitable is this?”.
Does The Technical Traders Make Money?
My answer is that it’s relatively profitable, but not profitable enough for me, personally, to justify the cost. Let me just show you over the last few months; some of the trades, again, I’m only showing you this, because I would just want to be transparent about the service. We can see different trades here, you can see the types of things that are being traded as well. Hopefully, that’s useful for you to just get a feel for what is being traded. As I say mostly it’s sort of ETFs or it will track specific commodities. Like, just say gold, for example, or gold mining, or something like that. It just plays depending on what the market’s conditions are like at the time. I’ve not seen many fads, like an individual stock. It’s more so ETFs and sectors and things like that. But if you look at the profit down the right-hand side, some of these have been profitable and some of them have been nicely profitable. 20.8%, that’s a nice trade.
What you don’t see is there was a string of losses just earlier, the previous two to these gains. And also, 1.6% gained, 2.5% gain. But then these were quite heavy losses, with which these losses took me into an overall loss with the service. Since then, I did go and one of these just about broke even with these trades. You can see, there’s only a small amount of margin. Depending on your broker and things, one or two percent return isn’t really going to impress most people, and how to turn a profit on that. Since then, there has been a bit more profit, that could have brought a lot of traders back into steady profits. I’ve not traded, though. I can’t say whether the 20% return is realistic. But for me, over the last six months that I’ve been a member of the service, I did only just break even. So maybe I stopped trading it a little bit too early, and again, I just want to be totally transparent about those those kind of things, you can see here that they’re being transparent and I’m trying to be transparent with everything as well.
For me, this one has got potential. Maybe I just traded at a bad time, I could have made this more profitable. But certainly over the last six months, if I include the subscription fee, I’ll have probably slightly lost money. If I’d have been more aggressive, maybe over the last three or four weeks, I might have gotten to a small profit. If I compared it to other products and services that I’m sort of invested in, I’m so far in profit over the last six months, compared to those other ones. Some of them are total autotrading where I don’t lift a finger, others are ones where I get really good signals that are sent out to me via email or text, and I just execute those signals nice and quickly and easily. And I’ve had far more profit and success with those services than this one.
The Technical Traders Overall
That’s really what my review is about. It’s not necessarily to say that the technical traders, in this case, is a bad service. I do like the daily video reviews. They are having some success, undoubtedly. Maybe if you’re a larger investor or you just like investing in this type of ETFs and things like that, then this may well be for you. Hopefully, I’ve given you enough information to determine whether or not it’s the right product for you.
If I haven’t by the way, then please leave me a comment below and I’d be happy to answer any questions that you’ve got about it. This is probably one that I’m not going to continue, just because I’ve got so many other good products that are making me the money. For me, I’m just probably going to be cancelling this fairly soon. But even so, it probably scores about four out of five, and it’s the kind of product that if I’d have found it a few years ago, when I didn’t have the really good ones, I probably would have kept it going to be honest, and I probably would have been looking for ways to just make the best of it. But I don’t really need to adapt and try and make the best of it right now, because I’ve got other things that are working so well.
If you want to know what any of those are, you can browse my YouTube channel. But I’d probably suggest that you’re at the website, which is tradewise.community, and you’ll see there some of the five-star products went you know working very well right now.
That’s it for this video, I really hope you found it helpful and insightful. I’m always looking to just try and keep safe out there, that’s the whole idea of Trade Wise, it’s about making profits, it’s not about getting pulled into all these ridiculous scams and things like that. I hope you enjoyed this video. As I say, any questions and comments, please feel free to leave them below. If you enjoyed the video, please give me a thumbs up. And yeah, I look forward to seeing you in the next video. Bye for now.
Looking for a profitable way of trading? Check out my Gorilla Trades review.
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I’m Jon, owner of Trade Wise at https://tradewise.community/ and https://www.youtube.com/channel/UC7VmOx8DbvX4Rbrac2pPcjw
I review forex and crypto trading products and services to find the best of what’s out there for creating a passive income without becoming a full-time trader.