If you are looking for a legitimate Tradenet Review, you have reached the correct spot. What’s up with Tradenet and Meir Barak’s TradeNet Student Professional Program 2017? Is it legitimate? Okay, when you visit the review website of Trade Net training program, the overall picture is that this is a walk-in-the park trading opportunity that generates wealth in a short period of time. Is there some truth in this website?
Well, first of all, we reckon that this guy, Meir Barak is a little bit controversial especially when you visit forums that discuss his Tradenet project. While people who actively participate in the discussion about Tradenet student professional program are raising their opinion on this service, most of them have never had the chance to use this program.
Tradenet Review: Is Meir Barak’s Trade Net Student Professional Program a Scam?
If you look at those opinions and Tradenet reviews from an objective point of view, you will get the feeling that these people are only concentrating on the glam part of it. For example, they tend to focus a lot on a statement that Meir Barak made a while ago that he can generate $2,440 in 12 minutes.
Theoretically, this is not possible for most people and the reason is due to the fact that most retail traders always under-fund their accounts. At the end of the day, they conclude that it is not possible to make a lot of money in a short time while trading Forex or stocks.
But this is also where Meir Barak comes in. This guy is just trying to solve a problem. And as you can see, he has managed to gain some love on the internet. Most industry blogs have endorsed his program as the best you can ever find in this niche.
So let’s discuss the things that make Tradenet genuine as opposed to being a scam.
What exactly is Tradenet Live Trading Program?
What exactly is Tradenet program? The simple answer is that it is a prop-trading firm where traders who don’t have sufficient funds can sign up and learn how to trade. Once they are ready, they can trade on a live account funded by Tradenet platform. Because this site offers to teach traders before exposing them to the markets, they have included a number of training programs and options that traders can choose depending on what is fit for their budget.
But before we go into details, let’s discuss who Meir Barak is. From what we have seen in our quest to know him, we realize that he has a charming personality. This could make him come across as a salesman than a trader at first. However, when you continue perusing this Tradenet review website, you will soon realize that this man is a serious trader as well.
Yes, he does trade on the Tradenet site too. He is not just a figure head here. This should be a little bit re-assuring for those who doubt these ‘’let me teach and fund you later on’’ type of sites. What we like about this man is that he also offers traders the chance to sign up for his daily newsletters which focus on what stocks to pick for trading.
We find this free service particularly useful because most traders do wonder which stocks to pick for their trading during the day. So these newsletters solve this problem once and for all. Not only does this guy trade on the site, but he is also the author of a book called ‘’The market whisper: A New approach to stock trading’’. This is a very good book so to speak because it teaches the same concepts that Meir Barak teaches at Tradenet Student professional program 2017. However, this book should be used as a supplementary to what you already get from their training courses on site.
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The Tradenet Review Website Offers Stock Trading Courses!
There is a vast selection of trading courses which traders can benefit from upon signing up. The self-study course when bought as a separate training will set you back some $290. The Tradenet star trader course costs $1,900. Top Trader course costs $1,900 too. And finally, Meir Barak has prepared another course dubbed Forex, Commodities and EU Markets course. This one costs $1,900 too.
These are some of the cursed that are offered in this Tradenet Day Trading Academy school. Perhaps discounts may apply later on because this is not the cheapest prop trading firm around. But do not let this discourage you because many good things are coming later on.
They also run a trading room which costs $120 on a month-to-month basis. However, if you purchase the yearly plan, you will get a discount and instead pay $75 per month. While the first option of subscribing to their chat room is quite costly, it is not completely unreasonable. On the other hand, the yearly plan is very good. The ultimate benefit of footing these bills come in form of a sufficiently funded stock trading account.
The least amount of money that a stock trading account can be funded for is $14k. The most that they can fund you with is $240,000. In addition to that, they ensure your trades slightly even when you lose more than you deposited. And the revenue split is always in your favor. For example, the least profit ratio that a trader ever enjoyed was at 70/30. Now, the best and most profitable Tradenet plan will make you enjoy a revenue split of 85/15. As you can see, your revenue share percentage is quite high, so don’t be discouraged by the price of your training or the upsells that might come along the way. These are blessings in disguise.
What You Need to Know as Far as This Tradenet Offer is Concerned
First of all, if you are really serious about day trading stocks, any one of these accounts can provide you with a good income because these accounts are really funded with sufficient amounts of capital that will get you in the fast track to earning some massive amounts of profits.
While Meir Barak Tradenet Student review program also does trade in the chat room, he is not the main trader here since many other analysts and trading mentors pop into the chat rooms at various times of the day. The full-time presence of Meir Barak in the chat room is not that important. We’d like to see new faces from time to time, and that is exactly what they have done.
However, we have noticed that Meir Barak is a real professional on stock trading. We have watched him in action, and as far as this goes, we can assure you that he takes his chances on the stock markets to make big profits, although losses do hit him sometimes. Overall, his performance is commendable.
This Tradenet review website offers a free chat feature which is a good thing because it gives traders the feel of belonging to a community of caring individuals. In addition to this, Meir Barak often prepares very educative materials which are then presented on YouTube. Perhaps this is the best place to start from if you don’t trust him. You will later see that he is really honest about this business.
In terms of trading style, we can say that it is a little slow-paced most of the time. This kind of trading is preferred by most professional traders. It is known as swing or breakout trading (where you hold a position for more than one day). The Tradenet chat sessions usually alert traders on crucial entry points so that all participants are on the same page of the book. While Meir and his team also trade momentums in the market, it is never a fast-paced type of trading where people enter and exit the markets as soon as modest profits have been collected.
Tradenet Scam Free Program- Advantages
The first thing to notice here is that Tradenet funded account program is nothing short of awesome. If you know how to trade, thanks to their training courses or some other education that you acquired elsewhere, it can be the least expensive way to open a stock trading account, whether you’re in the United States or elsewhere in the world.
Secondly, with Tradenet’s funded account program, you get sufficient training which takes place at your own pace. Yes, this training is not fast-paced, thus you can rest assured that you will finally learn the techniques required to nail it in the markets. Their funded account program also compensates generously. You see, when students join their funded programs, they usually have a choice of 4 plans. The first plan costs $500 and rewards a day trading account worth 14k.
The Tradenet second student plan requires a minimum deposit of $3000. In return, you get a trading account worth 80K. The third student account is dubbed ‘expert account’. It requires a minimum deposit of 6k and in return, you will get a live trading account valued at $160k. And finally, the forth plan is the most profitable of all despite having a higher initial capital requirement. You pay 9k and your membership will be maintained for the next 1 year. What do you get?
Well, this Tradenet plan affords you a live day trading account worth $240K. Losses are also cupped to the tune of $12k. Therefore, these plans offer so much value in terms of what you get when you train under their guidance. And the third most obvious advantage is that the chat room is very informative. It’s easy to follow as well. And as long as you’re subscribed, you can enjoy all the benefits of being a member of Tradenet. However, Tradenet reviews also says that you can still continue trading with them even if your subscription period has expired.
For instance, if you subscribed to Tradenet 1-month basic plan and it expires, you can continue trading your funded account in the mean time. If you like, you can also re-take your courses if you don’t feel confident enough. And of course, the free daily stock updates from Meir Barak and his team is very educative. These ones can be received for free as long as you have a working email address.
Conclusion: Tradenet Student Professional Program is Not a Scam!
You should be very wise when trading on a big account. Be careful with position sizing as sometimes their stops are not called out well.
The Tradenet Student Professional Program is definitely the best place to start your day trading career from. If you can afford their courses, then you will be glad that you signed up and became a part of this great prop firm.