Trading Strategy Guides is a forex and day trading company that promises to help you become a master trader.
However, you have to pay them to make this happen.
Does it work as advertised, or is it a scam?
We'll get to the bottom of the question in this review.
Additionally, we'll look into what you get and any red flags that I can find.
You'll know if Trading Strategy Guides is worth it or not by the time you're done reading.
Let's get started!
Trading Strategy Guides Summary
Creator: Casey Stubbs
Price to join: $97 per month
Do I recommend? No!
Overall rating: 1/5
This is your typical forex or day trading program.
There's no proof that anyone at Trading Strategy Guides is a profitable trader.
This is mainly because it's basically impossible to make money day trading foreign currencies.
The owner has no professional trading background either.
There are many poor customer reviews about this company, and several people have complained that Trading Strategy Guides makes unauthorized charges to credit cards.
In order to qualify for the 365 refund, you have to make 150 trades, which is crazy.
I never recommend day trading programs because the success rate is less than 1%.
There is no reason to think this program will change that.
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Stay Far Away From Day Trading
If you only knew about day trading from Youtube or other places on the internet, you'd think everyone who does it is a millionaire.
However, this simply isn't true.
The only people making millions from day trading are the people selling courses and chatroom access, like Casey Stubbs.
Believe it or not, the day trading success rate is less than 1%.
Impossible To Guess Short Term Price Movement
Whether or not you can make money with day trading comes down to one thing: can you accurately predict where the price of an asset is going to be in a day or so?
The answer is no.
There's no way to do this repeatedly.
For example, one day trading study followed hundreds of thousands of trades and found less than 1% could make any money after fees.
Day traders claim you can beat the odds using technical analysis, but that's not true.
Technical analysis is completely fraudulent for the most part.
You don't have to believe me either.
Instead, listen to the best investor of all time, Warren Buffett:
If technical analysis were real, you'd see billionaires use it.
None do, and neither do any serious investment banks.
People on Wall Street make fun of people who use technical analysis.
Another reason day trading is so hard to succeed with is the high fees.
In order to make a trade, you have to pay a trading fee that can cost up to $100.
On top of that, you need to pay for various tools to help you make your trades.
And then you have to pay 28 percent in taxes on all trades executed in less than a year.
Then you have the cost of trading strategy guides.
There's no way to profit when you add up all this.
Don't Bother Unless You Have $116,400 To Trade
This might seem like an odd number to have, but there's a reason I say $116,400.
There's a trading rule: never spend more than 1% of your trading account on tools and research.
The cost of Trading Strategy Guides is $97 per month, which comes out to $1164 for the year.
That makes it 1% of 116,400.
If you have less than that, then the odds of your profiting, which are already small, are even slimmer.
Because you need to deduct the price of trading strategy guides from your profits.
I'm guessing you don't have that much to day trade with because most people who try to get into day trading have small accounts.
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What Do You Get?
I will give Casey and his team credit; you do get a decent amount with your subscription.
However, I don't really think it's going to change your luck.
Here's an overview of everything that you get:
This is one of the main things that you're paying for.
You'll trade with some of the folks at Trading Strategy Guides, and you'll get live trade alerts.
Keep in mind Trading Strategy Guides doesn't offer any proof their trades are successful, and there's a way to look at their previous trade recommendations.
The Forex Master Essential Training Package
This is the main other thing that you're paying for.
This course is broken up into 12 sections and teaches you how to day trade and swing trade forex.
Like I said earlier, though, things like technical analysis aren't going to help you profit.
In addition to the main course, there's also live training and other recorded training modules.
Weekly Swing Trading Reports
Every week, you'll get a trading report to help you that week.
This will help you develop a trading strategy for the week.
You'll get access to a live chat that connects you with the other members of Trading Strategy Guides.
This allows you to get trading ideas and ask other members questions.
Keep in mind that most people will be beginners and unprofitable traders.
So don't expect too much from the other members.
This is for people who want to trade professionally but don't have a lot of money.
A prop firm allows people to trade money if they can prove they're profitable traders.
Once you do, you can trade up to a $1,000,000 account and keep some of the profits.
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Trading Strategies Guides FAQ's
Still have questions about this company?
Here are some frequently asked questions:
1) Is Casey Stubbs legit?
There are a couple different ways to look at this.
Do I think Casey Stubbs makes a lot of money day trading forex?
No, I don't.
Casey offers no proof that he's a profitable trader, and there's no track record to look at.
And if he is profitable, I doubt it very much.
Casey definitely makes the majority of his money selling access to Trading Strategy Guides and his other services.
However, Casey has been in the industry for a number of years.
He has no professional background for trading and is self-taught, but he's a familiar face that's been around for a while.
Casey has written books on the topic and operated other trading services before.
2) Is there a refund policy?
Yes, but it has many strings attached to it.
The first is the 30-day refund policy.
You have 30 days to get your money back, but you need to make 30 documented trades.
I can't imagine most people are going to make 30 trades in their first 30 days learning about forex.
That's an incredibly high number.
Next is a 354 refund.
You need to make 150 trades to qualify for this, though.
Again, that's an extremely high number of trades, and to do this, you'd have to be basically doing it full time.
So pretty a week refund policy in my opinion.
3) Is forex difficult to master?
Yes, forex is extremely hard to master.
In fact, out of all retail investors who try forex, only 5% succeed.
People who day trade forex are probably less than 1%.
This is why I recommend long-term investing as an alternative.
Most people gain about 10% every year if they invest the right way.
It's just much easier to profit that way.
4) Are there any major red flags?
The fact that this is a day trading program is a red flag.
Nobody makes money day trading, but it's popular, so there's a demand for training and trade alerts.
Besides that, it seems many of Casey's companies will charge people's credit cards randomly.
I've seen this complaint a lot and think it's definitely a red flag.
Here are some examples:
And there's plenty more.
So I'd be careful about handing over your credit card details.
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Trading Strategy Guides Pros And Cons
I've reviewed many of these day trading and forex services in the past.
None of them are worth signing up for.
Most of the time, the person running the service has no professional training on the topic.
I know it's romantic to think of the average man learning forex on his own and making money.
But the problem with this is that these people tend to learn bad strategies like technical analysis.
A forex investor at a place like Morgan Stanley isn't going to use flawed strategies.
So if you're going to learn forex, learn from someone with a professional background.
And please don't get into day trading.
You're pretty much guaranteed to lose money that way.
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I'd pass on Trading Strategy Guides and any other day trading program.
If you want to make money investing, invest in the long term.
This is a proven way to make money and always works out in the long run (the opposite of day trading which always loses in the long run).
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