Iamadaytrader.com Reviews

Based on checking the website iamadaytrader.com, it is clear that the platform focuses on providing educational content and strategies for day trading and swing trading in the futures, forex, and stock markets. While the site promotes the idea of achieving “financial freedom” through trading and offers a “Fast Track Platinum Program” for a one-time fee, it is crucial to understand that day trading, particularly in the highly speculative markets of futures and forex, involves significant risk and is often not permissible due to its inherent elements of riba interest, gharar excessive uncertainty or speculation, and gambling.

Day trading and similar speculative ventures can lead to substantial financial losses, and the pursuit of wealth through such high-risk activities can be detrimental to one’s financial well-being and spiritual peace. The website itself carries a disclaimer from the U.S. Government’s Commodity Futures Trading Commission CFTC warning about the substantial risk of loss and stating that “Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose.” This highlights the speculative nature of the activity.

Instead of engaging in speculative trading, which can lead to negative outcomes and goes against sound financial principles, individuals should explore avenues for earning a livelihood that are built on ethical and permissible foundations. Better alternatives include investing in real assets, engaging in halal businesses with tangible goods and services, exploring permissible investment vehicles like ethical real estate, or participating in profit-sharing partnerships Mudarabah or Musharakah where risk and reward are shared equitably. These methods offer a more stable and blessed path to financial growth, avoiding the pitfalls of speculation and interest-based dealings.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Iamadaytrader.com Review & First Look

Based on looking at the website iamadaytrader.com, the platform immediately positions itself as a comprehensive resource for aspiring and experienced day and swing traders.

The site emphasizes the potential for “financial freedom” through trading, promoting its “Day Traders Fast Track Platinum Program” as a shortcut to mastering these skills.

The overall presentation is direct, with a focus on personal testimonials and a no-frills approach to marketing, as noted by the founder, Ray Freeman, also known as “Samurai Trader.”

The website highlights:

• A “Fast Track Platinum Program”: Advertised as a $10,000+ coaching, mentoring, and training program offered for a one-time fee of $297.
• Emphasis on Rules-Based Strategies: The core of the program appears to be a set of 12 “brilliant, easy to learn rules based trading strategies and techniques.”
• Founder’s Personal Involvement: Ray Freeman claims to be an active trader for over 24 years, passionately involved in training and coaching new and experienced traders. He states his mission is to make a “huge difference to the day trading industry.”

Despite the strong emphasis on potential gains, the site also includes necessary disclaimers regarding the significant risks involved in trading. Mypetcrew.com Reviews

This combination of bold promises and cautionary warnings sets the initial tone for a review, suggesting a high-stakes environment where participants are encouraged to invest in education for a volatile pursuit.

The narrative frequently uses aspirational language, such as “master the art of day trading” and “epic career as a day trader,” juxtaposed with frank admissions about the difficulty and high failure rate in the trading world.

The Problem with Speculative Trading

Day trading, particularly in volatile markets like futures and forex, is fundamentally problematic.

It’s often compared to gambling due to its highly speculative nature.

When you engage in day trading, you’re not investing in a real business or asset. Sourcekode.in Reviews

You’re essentially betting on short-term price movements. This involves:

• Excessive Uncertainty Gharar: The outcomes are highly unpredictable, and the rapid fluctuations mean decisions are made based on guesswork rather than fundamental analysis or genuine economic value.
• Potential for Riba Interest: Many trading platforms and strategies involve leverage, which often comes with interest-based financing, directly conflicting with permissible financial practices. Even without explicit interest, the structure of profiting from mere price differences without underlying asset ownership can border on what is discouraged.
• Zero-Sum Game Mentality: As the website itself admits, “day trading is a zero sum game, for one trader to profit another trader has to lose.” This competitive, predatory dynamic goes against principles of cooperation and mutual benefit.

A 2020 study by the North American Securities Administrators Association NASAA found that 70% of retail forex traders lose money annually. Similarly, a 2019 report by the Financial Industry Regulatory Authority FINRA indicated that most active day traders do not make money, and many lose substantial sums. These statistics starkly underscore the extreme risk and low probability of consistent success in this field.

Why Day Trading is a Risky Venture

Even with extensive training, the inherent volatility and unpredictable nature of financial markets make day trading a highly risky venture.

The website acknowledges this, stating, “Over 85% of traders that open a trading account will never be profitable or worse still will lose some or all of their capital.” This is a critical point that potential users must internalize.

The pursuit of quick wealth often blinds individuals to the very real possibility of significant financial ruin. Anticalarderiamafalda.com Reviews

Consider these realities:

• Emotional Toll: The high-pressure environment, rapid decision-making, and constant threat of losses can lead to severe stress, anxiety, and even depression. The psychological impact can be profound, affecting personal well-being and relationships.
• Time Commitment: Despite the promise of flexibility, mastering day trading requires an enormous time commitment. The website mentions a “minimum of 90 to 180 days” of “apprenticeship or internship,” and many successful traders dedicate years to honing their skills, often with limited initial returns.
• Capital Erosion: The primary risk is losing your capital. While the program promotes starting with “less than $1,000,” the reality is that sustained trading often requires significant capital to absorb losses and still participate meaningfully. This capital could be better utilized in less speculative, more stable investments.

Instead of chasing the fleeting highs of speculative trading, individuals should focus on building wealth through productive and ethical means. This includes:

• Investing in Halal Businesses: Supporting or starting businesses that provide real goods and services, contributing to society’s economy.
• Long-Term, Permissible Investments: Seeking out opportunities in real estate, commodities, or equity funds that comply with ethical investment guidelines, focusing on growth and dividends over short-term price swings.
• Skill Development and Entrepreneurship: Investing time and effort into acquiring marketable skills or starting a business that generates value, offering a more stable and rewarding path to financial independence.

Iamadaytrader.com Cons

Given the nature of day trading as a highly speculative and risky activity, iamadaytrader.com, by its very premise, presents several significant drawbacks.

While the website attempts to be transparent about the challenges, the underlying activity itself is problematic from an ethical and practical standpoint.

Emphasis on Speculation

The primary “con” of iamadaytrader.com is its promotion of day trading, an activity heavily based on speculation rather than sound investment principles. Doratar.com Reviews

• Focus on Short-Term Price Movements: The strategies taught revolve around predicting and profiting from minute-by-minute or hour-by-hour market fluctuations. This is fundamentally different from investing in a company’s growth or an asset’s long-term value.
• High Probability of Loss: As acknowledged on the website, “Over 85% of traders that open a trading account will never be profitable or worse still will lose some or all of their capital.” This statistic alone should serve as a major deterrent. For example, a study by eToro in 2019 showed that 78% of retail investor accounts lose money when trading CFDs with that provider.

The Illusion of “Easy Money”

While the website does include disclaimers, the overall marketing language, such as “Day Trade Your Way to Financial Freedom” and the $297 price tag for a “Day Traders Fast Track Platinum Program” valued at “$10,000 plus,” creates an illusion of accessibility and potential for quick, substantial gains.

• Simplified Learning Narrative: The site claims the art of trading is “simple” and that “anyone can learn how to day trade.” This downplays the immense complexity, continuous learning, and significant psychological fortitude required to navigate markets, even for a select few who find some success.
• Discounted Price Point: The massive discount from “$10,000 plus” to $297 can attract individuals seeking a quick fix or a cheap entry into a seemingly lucrative field, without fully appreciating the profound risks or the inherent difficulties of the activity. This pricing strategy is a common marketing tactic designed to create a sense of urgency and value, rather than reflecting the actual probability of success for users.
• “Get Rich Quick” Scheme Perception: Despite direct statements like “Day trading the financial markets is not a get rich quick scheme,” the aspirational language surrounding “financial security for life” and minimal start-up capital can easily be misinterpreted by those vulnerable to “get rich quick” promises. Data from various financial regulators consistently show that the vast majority of individuals who attempt day trading do not achieve financial freedom. rather, they experience capital depletion.

Questionable Sustainability and Ethics

From a broader perspective, the reliance on speculative trading as a primary source of income raises questions of sustainability and ethical alignment.

• No Real Value Creation: Day trading does not involve producing goods, providing services, or contributing to the real economy. It’s a transfer of wealth, primarily from less experienced traders to more experienced or institutional players.
• Psychological Strain: The constant pressure to perform, the fear of missing out FOMO, and the inevitable losses can lead to severe psychological strain. This is evident in numerous anecdotal accounts and studies on trader psychology, which often highlight issues like anxiety, depression, and compulsive behavior.
• Ethical Concerns: As discussed, the elements of riba interest in leverage, gharar excessive uncertainty, and gambling often present in speculative trading make it an activity that should be approached with extreme caution, if not avoided entirely. The “zero-sum game” dynamic described by the website means one person’s gain is another’s loss, which is not aligned with principles of mutual benefit and growth.

Iamadaytrader.com Alternatives

Given the inherent risks and ethical concerns associated with day trading, exploring permissible and stable alternatives for financial growth and livelihood is crucial. Instead of pursuing speculative ventures, focus on avenues that involve real value creation, asset ownership, and ethical profit sharing.

Ethical Business Ventures

Engaging in ethical business, where goods or services are exchanged for a fair price, is a cornerstone of permissible wealth generation.

• Entrepreneurship: Starting a business, whether it’s a small e-commerce venture, a local service provider, or a tech startup, allows you to create value, employ others, and contribute to the economy.
  • Examples: Developing a software application, offering consulting services, running a bakery, or launching an online store selling handcrafted goods.
  • Benefits: Direct control over your income, tangible contribution to society, and the potential for long-term, sustainable growth based on effort and innovation.
• Partnerships Mudarabah & Musharakah: These are Islamic financial concepts based on profit-sharing and risk-sharing.
  • Mudarabah: One party provides capital Rabb-ul-Maal, and the other provides expertise and labor Mudarib for a business venture. Profits are shared according to a pre-agreed ratio, while losses are borne by the capital provider unless due to the Mudarib’s negligence.
  • Musharakah: Two or more parties contribute capital and/or labor to a business, sharing profits and losses based on their respective contributions and agreements.
  • Benefits: Promotes cooperation, fairness, and mutual growth, avoiding the exploitative nature of interest-based loans. These models are inherently less speculative as they are tied to real economic activity.

Permissible Investment Opportunities

For those looking to grow their wealth through investments, several options align with ethical guidelines, emphasizing long-term value and tangible assets. Luckypaw.net Reviews

• Real Estate: Investing in physical properties, whether residential or commercial, offers a tangible asset that can appreciate in value and generate rental income.
  • Types: Purchasing land, residential homes for rent, commercial properties, or participating in real estate development.
  • Benefits: Stability, potential for passive income, and a tangible asset base. Real estate historically provides a hedge against inflation. For instance, the average annual return on real estate investment in the US has been around 8-10% over the past few decades, excluding periods of significant downturns.
• Halal Equity Funds: These funds invest in companies that comply with ethical screening criteria, avoiding businesses involved in prohibited activities e.g., alcohol, gambling, interest-based finance, entertainment, non-halal food.
  • Screening Criteria: Typically involves reviewing a company’s primary business, debt-to-equity ratios, and interest-bearing income.
  • Benefits: Diversification, professional management, and alignment with ethical values. Data shows that many ethical funds have performed competitively with conventional funds over the long term, with some indices of Sharia-compliant equities outperforming conventional benchmarks. For example, the S&P Dow Jones Islamic Market Index has often shown strong performance relative to its conventional counterpart.
• Commodities Physical: Investing in essential commodities like gold, silver, or agricultural products can be a means of preserving wealth and benefiting from supply-demand dynamics.
  • Considerations: This typically involves holding physical assets or using Sharia-compliant contracts that ensure actual ownership or immediate settlement.
  • Benefits: Tangible assets often act as a hedge against economic instability and currency depreciation. Gold, for instance, has demonstrated its role as a safe-haven asset during times of market volatility.

Skill Development and Education

Investing in your own human capital is one of the most reliable forms of investment.

• Continuous Learning: Acquire new skills, certifications, or advanced degrees that enhance your employability or enable you to start a specialized business.
  • Examples: Learning coding, digital marketing, graphic design, vocational trades, or project management.
  • Benefits: Increased earning potential, career advancement, and the ability to adapt to changing job markets. The US Bureau of Labor Statistics consistently reports that individuals with higher levels of education and specialized skills earn significantly more over their lifetimes.
• Mentorship and Apprenticeships: Learning directly from experienced professionals in a permissible field can provide invaluable practical knowledge and connections, offering a clear path to career growth without the speculative risks of day trading.

By focusing on these ethical and sustainable alternatives, individuals can build a robust financial future based on sound principles, rather than the fleeting and often destructive pursuit of speculative gains.

How to Cancel iamadaytrader.com Subscription

The website structure for iamadaytrader.com suggests a one-time purchase model rather than a recurring subscription.

The “Day Traders Fast Track Program” is explicitly offered as a “once only investment of $297.” This means there isn’t a traditional “subscription” to cancel in the sense of recurring payments.

However, if you wish to discontinue your access to the member’s area, email support, or ongoing content updates, you would typically need to: Fordonsbolaget.se Reviews

Discontinue Access and Support

1. Cease Engagement: Since the program is a one-time purchase, the primary action to “cancel” or discontinue your involvement is simply to stop using the resources.
2. Email Support: While there’s no cancellation button, you can communicate your desire to cease receiving updates or support emails.
   • The website explicitly mentions “full email support” as part of the $297 package. To stop receiving these, you would need to email their support team directly. Look for a contact email on the website, often found in the “Contact Us” section or footer. The site mentions “email support” as part of the package, so sending a clear request to opt out of further communications would be the logical step.

Understanding the “Unlimited Access”

The website states “Unlimited access!” to the member’s area, strategy and product upgrades, ongoing research-development, and weekly Q&A recorded sessions.

• No Expiration Date: This implies that once you pay the $297, you are granted perpetual access to the current and future iterations of the program content. This is a common model for digital products sold as a one-time fee.
• Refund Policy: While the website doesn’t explicitly state a refund policy on its main page, it’s crucial to check the terms and conditions or privacy policy for any clauses regarding refunds after purchase. Without a clear refund policy, it’s generally assumed that sales are final for digital products once access is granted. If you wish to discontinue access and seek a refund, this would be a separate, and potentially more challenging, process requiring direct communication with their support and referencing any stated refund terms.

In summary, for iamadaytrader.com, you’re not canceling a recurring payment, but rather discontinuing your engagement with a product purchased via a one-time fee.

The method to “cancel” would involve ceasing use and, if desired, requesting to be removed from their communication lists via email.

How to Cancel iamadaytrader.com Free Trial

Based on the information provided on the iamadaytrader.com homepage, there is no explicit mention of a “free trial” for their “Day Traders Fast Track Platinum Program.” The website directly advertises a one-time purchase of the program for $297, rather than a trial period followed by a subscription.

The site offers a “Free EBook” as a “first step” to learn how to trade. Rsjdrains.com Reviews

This EBook download is presented as a standalone freebie, not as an entry point to a limited-time trial of the main program.

Therefore, the concept of “canceling a free trial” for iamadaytrader.com is not applicable based on the public information available on their main page.

Understanding the “Free EBook”

The “Free EBook” is simply a download, not a trial of the main program or a service that requires cancellation.

• Direct Download: Users can download the EBook directly without providing payment information or signing up for a trial period.
• No Commitment: There is no ongoing obligation or subscription associated with downloading the free EBook.

If a user has downloaded the EBook and wishes to discontinue any association with iamadaytrader.com, they simply need to:

1. Delete the EBook: Remove the downloaded EBook from their device.
2. Unsubscribe from Emails if applicable: If providing an email address to download the EBook led to marketing emails, locate the “unsubscribe” link typically found at the bottom of such emails and click it to opt out of future communications.

Given the absence of a free trial model, users are directed straight to the $297 one-time purchase if they wish to access the full “Day Traders Fast Track Program.” This means there is no complex cancellation process related to a trial period, as such a period is not offered. Hollandsebedden.nl Reviews

Iamadaytrader.com Pricing

The pricing model for iamadaytrader.com is straightforward and presented as a one-time investment for their flagship educational program.

The Day Traders Fast Track Platinum Program Pricing

The core offering, “The Day Traders Fast Track Platinum Program,” is priced as follows:

• Original Value Claim: The website states this is a “$10,000 plus Coaching-Mentoring-Training Program.”
• Actual Price: It is offered for a one-time investment of $297.

This pricing structure suggests a significant discount from a perceived higher value, a common marketing strategy to incentivize immediate purchase.

There is no mention of recurring subscription fees, monthly payments, or tiered membership levels beyond this single offering.

What’s Included for the $297

The $297 one-time payment provides comprehensive access to what the website describes as a complete blueprint for Forex, Futures, and Stocks trading. Key inclusions are: Myprinteasy.com Reviews

• Access to Member’s Area: This is the central hub for all program content.
• Video Course Content: Over 20 hours of live recorded trading sessions, trade recaps, recorded training sessions, and Q&A sessions.
• 12+ Trading Strategies: Detailed instruction on various “rules-based” strategies e.g., T1 Super Scalper, T2 Sling Shot, T10 Money on the floor trade, T20, T25 Pure price action, T69 Channel breakout, T89 Snap Back trading, T98, and EMA Bounce strategies like 34, 89, and 200 Bounce.
• Supporting Resources:
  • Cheat Sheets: For top six strategies.
  • Free Indicators: Customized for platforms like TradeStation, Ninja Trader 7/8, ThinkorSwim, and MT4, with settings provided for other platforms.
  • Trading Affirmations: Designed to assist with focus and discipline.
  • Excel Spreadsheets: For compound returns and Forex risk/profit planning.
  • Trade Rules and Entry/Exit Plan: In Word document format for customization.
  • Sample Trading Plan: To help members develop their personal plan.
  • PDF with Links: Over 40 hours of recorded live trading and training sessions.
• Ongoing Support and Updates:
  • Full Email Support: Direct support for members.
  • Strategy and Product Upgrades: Access to future enhancements.
  • Ongoing Research-Development: Updates based on continuous research.
  • Weekly Q&A Recorded Sessions: Access to new Q&A content.
  • Unlimited Access: Implies lifetime access to the purchased content and future updates.
• Bonus Webinars: Two live 90-minute training webinars valued at $497 are included as a bonus, held monthly with recordings available.

Pricing Justification and Value Proposition

The website justifies the $297 price by arguing it’s a minimal investment for what is presented as “the best of the best” strategies and years of accumulated research.

Ray Freeman states he has “invested a small fortune in research and development” and teaches what he knows are “the world’s best discretionary day and swing trading strategies.” The core value proposition is saving individuals “a small fortune in money, time and frustration” by providing already researched and tested strategies.

It’s important to note that while the upfront cost is relatively low, the inherent risk and potential for substantial losses in day trading remain. The $297 buys education, but it does not guarantee success or profitability in a field where the vast majority of participants lose money. The real “cost” can be the capital lost in actual trading after implementing the learned strategies. For example, a 2020 study by the University of California, Berkeley, and the University of California, Davis, analyzed millions of retail trading accounts and found that less than 1% of day traders consistently generate profits after accounting for commissions and fees.

Iamadaytrader.com vs. Ethical Alternatives

When considering platforms like iamadaytrader.com, which promote speculative day trading, it’s crucial to compare their approach to genuinely beneficial and ethically sound methods of wealth building.

The distinction lies not just in risk levels but in fundamental principles of value creation and permissible practices. Erudite.ltd Reviews

iamadaytrader.com Speculative Trading

• Focus: Short-term profit from price fluctuations futures, forex, stocks.
• Nature: Highly speculative, often compared to gambling. Zero-sum game, where one’s gain is another’s loss.
• Risks:
  • High Capital Loss: As acknowledged by iamadaytrader.com, over 85% of traders lose money. Data from the European Securities and Markets Authority ESMA revealed that between 74% and 89% of retail investor accounts lose money when trading CFDs Contracts for Difference, a common instrument in forex and futures.
  • Emotional Stress: Intense pressure, fear, and greed can lead to poor decisions and psychological distress.
  • Ethical Concerns: Involves gharar excessive uncertainty, and often riba interest through leverage, which are problematic.
• Value Creation: Primarily wealth transfer, not the creation of new goods or services. Does not contribute tangibly to the real economy.
• Sustainability: Highly volatile, often unsustainable for individuals over the long term. Requires constant monitoring and intense focus.
• Cost: $297 for education, but the real cost is the potential capital lost in actual trading.

Ethical and Sustainable Alternatives

These alternatives prioritize real value creation, long-term growth, and adherence to ethical guidelines.

1. Permissible Equity Investments Halal Stocks/Funds

• Focus: Investing in companies that adhere to ethical principles no alcohol, gambling, interest-based finance, etc. with a long-term horizon.
• Nature: Ownership in real businesses that produce goods or services.
  • Market Risk: Standard market fluctuations, but less volatile than day trading. Diversification through funds mitigates individual company risk.
  • Business Risk: Tied to the performance of underlying companies, but screened for stability.
• Value Creation: Supports genuine economic activity, innovation, and job creation. Shares in the profits of productive enterprises.
• Sustainability: Designed for long-term growth and compounding returns. Less time-intensive than day trading.
• Performance Data: Historically, diversified equity portfolios have shown strong long-term returns. For example, the S&P 500 has averaged approximately 10-12% annual returns over the past century, a rate that, while not guaranteed, illustrates the potential for long-term wealth accumulation from productive assets. Many Sharia-compliant indices track similar growth patterns.

2. Real Estate Investment

• Focus: Acquiring physical properties residential, commercial, land for rental income or capital appreciation.
• Nature: Investment in tangible, productive assets.
  • Market Fluctuations: Real estate values can fluctuate, but generally less volatile than speculative trading.
  • Liquidity: Less liquid than stocks. selling can take time.
  • Management: Requires management for rental properties.
• Value Creation: Provides housing or business spaces, contributing directly to community infrastructure and economic utility.
• Sustainability: Offers consistent passive income and tends to appreciate over time, acting as a hedge against inflation. The median home price in the U.S. has increased by an average of around 4% annually over the last 50 years, demonstrating long-term stability and growth.

3. Entrepreneurship and Skill Development

• Focus: Starting a business or investing in personal skills to provide value, services, or products.
• Nature: Direct creation of economic value, often tied to passion and expertise.
  • Business Risk: Dependent on market demand, competition, and operational efficiency.
  • Time & Effort: Requires significant dedication and hard work.
• Value Creation: Directly contributes to the economy through innovation, service provision, and job creation.
• Sustainability: Builds a sustainable career or business based on your abilities and market needs. Offers control over your earning potential.
• Impact: Beyond financial gains, provides immense personal satisfaction and community contribution. For instance, small businesses create roughly 1.5 million jobs annually and account for 64% of new jobs created in the U.S., according to the Small Business Administration SBA. Investing in skills can increase individual earnings by 10-20% depending on the field and certification.

In summary, while iamadaytrader.com offers education in a high-risk, speculative field, ethical alternatives provide pathways to financial growth that are more stable, aligned with principles of real value creation, and demonstrably less likely to lead to significant financial loss.

The prudent choice leans towards these sustainable and permissible ventures.

Frequently Asked Questions

Is iamadaytrader.com a legitimate website?

Based on looking at the website, iamadaytrader.com appears to be a functional website offering day trading education, with disclaimers about the risks involved and direct contact information.

However, the legitimacy of any program promising high returns in speculative trading should always be viewed with caution. Pizzahotline.ca Reviews

What is “The Day Traders Fast Track Platinum Program” offered by iamadaytrader.com?

It’s an online video course and coaching program designed to teach day and swing trading strategies for futures, forex, and stocks.

It claims to offer a complete “blueprint” with 12+ rules-based strategies.

How much does The Day Traders Fast Track Platinum Program cost?

The program is advertised as a one-time investment of $297, down from a claimed value of “$10,000 plus.”

Does iamadaytrader.com offer a free trial?

No, the website does not mention a free trial for its main program.

It offers a “Free EBook” as a first step, which is a direct download. Stockinformer.co.uk Reviews

How do I cancel my iamadaytrader.com subscription?

Since the program is a one-time purchase, there is no recurring subscription to cancel.

To discontinue access, you would simply stop using the resources.

For email support or communications, you would need to contact their support team to opt out.

What markets does iamadaytrader.com teach trading in?

The program teaches strategies for trading in the futures, forex, and stock markets.

Are the strategies taught by iamadaytrader.com suitable for beginners?

The website suggests that “anyone can learn how to day trade with the right education and coaching,” implying suitability for beginners, but it also warns that day trading is “not for everyone” and requires significant commitment. Dantopala.co.uk Reviews

What is the success rate of day traders, according to iamadaytrader.com?

The website explicitly states that “over 85% of traders that open a trading account will never be profitable or worse still will lose some or all of their capital.”

Does iamadaytrader.com guarantee profits?

No, the website includes disclaimers such as “PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS” and “SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS,” indicating no guarantee of profits.

What kind of support does iamadaytrader.com provide?

The program includes full email support, access to weekly Q&A recorded sessions, and ongoing research and development updates.

What are the “bonus” features included with the program?

The program includes two live 90-minute training webinars, valued at $497, as a bonus.

These sessions are held monthly, and recordings are available. Littlerobingifts.com Reviews

Is day trading permissible according to ethical financial principles?

No, day trading is generally not permissible due to its high speculative nature gharar – excessive uncertainty, potential for riba interest through leverage, and its “zero-sum game” dynamic which often lacks real value creation.

What are the ethical alternatives to day trading for financial growth?

Ethical alternatives include investing in halal equity funds, real estate, engaging in ethical entrepreneurship, and participating in profit-sharing partnerships Mudarabah and Musharakah.

How long does iamadaytrader.com say it takes to learn profitable day trading?

The website suggests allowing a minimum of 90 to 180 days for what they call an “apprenticeship or internship.”

Does iamadaytrader.com provide trading indicators?

Yes, the program includes free custom indicators for platforms like TradeStation, Ninja Trader 7/8, ThinkorSwim, and MT4, along with settings for other charting platforms.

What kind of “cheat sheets” are included in the program?

The program provides cheat sheets for the top six strategies taught within the course. Visualhealth.com Reviews

Is iamadaytrader.com a registered investment advisor?

No, the website explicitly states: “www.iamadaytrader.com is not a registered investment or trading adviser.

The services and content provided by iamadaytrader.com are for educational purposes only, and should not be considered investment advice in any way.”

What is the “5% club” mentioned by iamadaytrader.com?

The website refers to the “5% club” as the top 5% of day traders who are profitable, aiming to help members join this group.

What psychological aspects of trading does the program cover?

The program covers developing the mindset of a master day trader, controlling fear, staying focused, and using trading affirmations.

Why does iamadaytrader.com discourage trading against the trend?

The website emphasizes the importance of trading with the trend, using the analogy of swimming with the current, stating “the trend is your friend.”

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