Tradenet Day Trading Academy Review

Tradenet is a day trading academy founded in 2004 by Meir Barak, a Wall Street stock day trader turned mentor. It’s important to mention Barak’s experience because he is the essence of Tradenet. Before becoming a stock day trader, Barak was an entrepreneur, involved with several startups in the IT and communication sectors. He soon realized the advantages of trading independently and polished his skills in this particular direction. After achieving success, he shared his experience in his bestselling book “The Market Whisperer.”

The ultimate accomplishment of Mr. Barak is Tradenet, which turned into one of the largest trading schools worldwide, now has more than 30,000 students attending its training courses online.

To summarize is the best day trading academy? We don’t know but it is surely one of the best we looked into.

Who Uses Tradenet?

There are two main categories of traders who can take advantage of Tradenet:

Novice traders – beginners can learn day trading by applying for one of the two packages aimed at novice traders: the https://www.tradenet.com/our-programs/intro/ and the Student Program. The first one was designed for those who are taking the very first steps in day trading while the latter is aimed at those who have some knowledge about basic trading principles. Both packages include a self-study course with dozens of learning units and training videos, a live trading chat room, the trading book published by Meir Barak, and a demo training account with virtual funds. On top of that, the Student Program also comprises a weekly mentorship session for one month and the star trader course.

Experienced traders – stock traders who feel they have gained some experience can look into the other two packages offered by Tradenet, which are the Expert Program and the Pro Program. The former one incorporates all the features provided by the Student Program with extended service duration plus a Forex trader course. The Pro Program has all the previously mentioned options with extended service duration plus a top trader course. The latter revolves around advanced trading strategies, live 3-hour sessions carried out online, and personal mentoring among others.

Speaking about the Pro package, Barak commented:

“While my great team managed the planning of all our education programs, the PRO package is my creation. I wanted to have the best, most far-reaching day trading education pack in the market. Adding so many perks together, I feel like our students who get the PRO package are getting an offer that is second to none in this market.”

5-Day Demo Challenge

Traders who opt for any of the four packages are eligible to apply for a funded trading account plan. You see, many stock traders, especially beginners, cannot jump to the next level because of their limited deposit. This is why trading a funded account would give them huge benefits, as the losses are fully absorbed while they can take 70% or more of the generated profits. In order to become eligible for a funded account, potential Tradenet students have to pass a test.

The academy proposes a demo challenge that is open to everyone who is somewhat familiar with stock trading. The event is about trading a demo account with $10,000 virtual funds for five days under certain conditions. While the day trading challenge is not an easy contest, winners get access to trade a $14,000 funded day trading account.

Live Trading Room Trial

The live chat room is one of the key features offered by Tradenet. Potential trading students can apply for the Tradenet live trading room trial in order to get insights about how the service works and what’s it like to grow in a professional community.

The 14-day free trial is meant to help traders decide whether the academy suits their needs. Usually, the trial leaves a good impression as Barak is very interested in his students’ success, which is why he established the best day trading school.

Tradenet Prices and Fees

Tradenet offers its packages at competitive prices. The Intro Program comes at $500 paid once. The Student Program costs $3,000 while the Pro Program is the most expensive one, priced at $9,000. Beginners can rely on the Intro Program, as it provides great value for the price.

Besides, Tradenet provides many features for free, most of which are open for everyone. You can start with the fact that the 5-day demo challenge is free and it might open the door to a $14,000 funded account. Also, you can benefit from free YouTube live trading, tips and strategy videos, a free trading book, and a free day trader training program.

Final Verdict

Tradenet is by far one of the best day trading academies as it is managed by a trading guru who successfully passed through the 2008 crisis. It offers quality training packages at competitive prices while there are many free options for those who want to get insights about the service.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.