The Lazy Trader Review Is Thelazytrader.com Legit Or Scam

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The Lazy Trader Scam – Detailed LazyTrader Review

One of the main characteristics of Forex robots that attract investors is the promise to help you gain a relaxed and financially secure life, without you having to lift a finger. This is the case with the newly released LazyTrader robot, introduce by owner and creator Rick Daniels.

Due to its similarity to other scam systems I have come across, I decided that it is necessary to investigate the Lazy Trader. There are various things I discovered and found to be dubious and shady. It is advisable that you read the full review below so that you don’t fall into the trap of another scam.

Rick Daniels & LazyTrader

According to the excruciatingly long and boring promotional video of the Lazy Trader software, Rick Daniels is a Harvard dropout who has worked low paid and horrible jobs for the better part of his life. Until one day he met a trader named Greg at the Wall Street firm he worked for as an errand boy.

Review Verdict: LazyTrader Is Scam

Greg was the person who inspired Mr. Daniels to create his LazyTrader software, in order to gain the lifestyle of all those professional traders. And supposedly, he managed to achieve this goal. He called the trading algorithm of the Lazy Trade his Profit Repeater.

How Does Lazy Trader Work?

There is no specific information on the technological foundation of the LazyTrader system for Forex investments. It is said to place the most profitable trades on the best assets, at the best time while running in the background. According to Mr. Daniels, his software has an accuracy rate of 99,997% and is capable of generating around $15,000 per day, even if you start with the minimum deposit of $250.

But there is no way for anyone interested in trading with it verify these results. My practice shows that trading robots like the Lazy Trader Forex trading system are usually a scam. They rely on far-fetched promises to attract investors as their clients and then deplete the accounts by placing random trades.

Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.

The Lazy Trader Review: Is Thelazytrader.com Legit Or Scam?

Thelazytrader.com Review: this is the website of a Forex trading course that has some popularity among traders. Is The Lazy Trader legit or another scam? Read what our investigation reveals about this academy before paying for anything.

The team running the training has a collective trading experience of about 50+ years. This is vital because they are able to give proper insights into market behavior. They tout their course as the best that can turn beginners into better traders in no time.

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It is the brainchild of Robert Coville, a Forex trader, and trainer. The Lazy Trader has been running since 2020 and they claim that over 2000 people have passed through their training. But the creator is not alone, he is joined by a team of three other traders.

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The Lazy Trader Team

Members of the training team are; Robert Coville, the managing director, Julian McCree a veteran trader, Kaye Lee, a private fund trader, and Christian Ravalli, a senior mentor. Like we always advise, it is comforting to see the team running the program introduced. Anonymous vendors should not be trusted.

Although this trainer promises to help you get better, there is no promise made of ‘guaranteeing’ profit. This is because the Forex market is volatile and unpredictable. It is totally in character for Forex educators to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

How Does The Lazy Trader Works?

Besides the promise of providing training courses, not much else is volunteered. We do not appreciate this because, sometimes, in-depth details about courses is proof that the vendor is legit. Bogus information, on the other hand, is discouraging. There is a claim of having found a “groundbreaking formula for successful online trading” but no hint is given.

Also, the courses offered are not outlined or mentioned. Forex academies or educators usually mention their courses along with brief explanations on what traders will gain from it. Let us look at the pricing structure.

The Lazy Trader Price

To join the service, you are to pay $252 first and then a monthly fee of $160. Of course, this is a very high price and much higher than many other courses in the market. This may be because the educators are true to their word.

The package grants access to 20 hours of videos, step-by-step tutorials, accurate Forex trading signals, seminars, webinars, interactive quizzes, and a complete money-back guarantee. It is rare to find a training course that offers this kind of service.

Client Feedback

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.

On the Forex Peace Army Website, we found 83+ reviews from clients. The average star rating is 4.63 from a possible 5 which is impressive. This gives the training course an edge. We find nothing on the trading results of any member of the team.

Support

To contact the customer service for more information, dial +44 (0) 203 086 8072 or send an email to [email protected]

Conclusion

The website of The Lazy Trader is very professional. This is encouraging and inspires confidence. We are concerned about the missing strategy or course outline detail and the high price. But the positive client feedback is encouraging along with the experience and 20 hours of video.

TheLazyTrader.com Review Visit site

July 2020 Update: The Lazy Trader now has added video tutorials, e-learning packs, one-on-one mentoring, and more to the product line.

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Consumer Reviews

Service use: Other

Length of use: 0-3 Months

The Lazy Trader was one of the best and most informative site I ever viewed.
Informative,and unmatched with pure trading concepts, strategies, and knowledge.
I found Rob to be honest and sincere in helping and teaching others. I’d recommend The Lazy Trader to one and all from the Newbie to the accomplish Trader. The introductory price was unbelievable.This site is head and heals above all the so called educators who take your money and don’t deliver results.

Do yourself a favor and check the site out.

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

Trading strategies taught at http://thelazytrader.com are presented in easy to follow training videos. I was impressed with the clarity with which the course presents the case of why to be a lazy trader and trade only the daily and weekly charts. The simplicity of the handful strategies imparted in these videos (with several trading examples) makes it easy to understand and practise for newbies and experienced traders alike. As I have lately realised after about 3-4 years of fruitless mucking about with colourful indicators and trading EA’s, price action analysis is the only way to succeed in the forex market, further it can be applied equally well to other financial instruments.

The video course imparts just enough details for a trader to get started analysing the charts with a top-down analysis, without the clutter of numerous chart patterns, which can be confusing. Of course many of those patterns can serve to add confluence to your trading entries/exits, but there is huge amount of material already existing on internet about these. I really appreciate the clean clear style of explaining things that I found easy to absorb in thelazytrader.com educational material.

Perhaps the only area which could be more detailed is – the top-down chart analysis with examples of seeking confluence as one descends into lower time-frames from monthly to daily. In my head, I am often struggling to join the MTF confluences to arrive at a directional conclusion.

Good range for skillset

I’ve been on the mailing list of these guys for many months and I finally decided to take them up on their $1 special where they waive the join fee of $252 and charge only $1 instead. I thought very good, so went ahead and joined their “ULTIMATE” programme.

After 30 days, my card was charge $160 and I did not know about the on-going tarif. But after a chat with their customer services department, Jemma referred me to the points of sale where the subscription charges were shown. Lucky she told me as I was very close to leaving some DAMMING feedback on this. I went to check to see that $160pr month subscription clauses were clearly written.. and they were. My bad! However, I can see that other people may also fall into the same trap and I do wonder whether the company has a vested interest in people missing this. A bit of a gimmick the $1 offer?

As for the service, I found it pretty good in terms of quality. The mentors seem experienced and give fairly detailed analysis every week on Forex, Commodities and some stocks. They are also transparent, detailing live trade ideas and they also show their track-record which is something most so called “gurus” do not. However, they are quick to say that “past results do not guarantee future performance” and that everyone else’s results on the program will probably be different. I compared their equity curve to the performance of their trades in the 3 months I was a member and it measured up.

Rob who presents the weekly “Market Insider webcast” paints a pretty realistic picture about trading and what people can achieve. He openly admits he trades for a supplementary income and not for a living. He says he wouldn’t survice intra-day trading but long-term swing trading what he has chosen. He also tells everyone that he originally found trading difficult in the early says (I think he’s being trading since 2008)

I love the Lazy Trader and the whole package it brings. The videos on set ups are easy to understand and informative. Rob is a great tutor who is upfront and honest about winning and losing trades. He knows his stuff and has improved my understanding of the markets.
My account is up 66% and my trading has improved greatly! I am enjoying it and have a passion for trading again. The global view is also amazing, really brings an extra dimension to the Lazy Trader. It is very educational, and again very simple to understand. Julian Mcree is again highly knowledgable of the market and his periodic global view videos for the Lazy Trader really help me understand the wider market, and what moves it.
The Global View is the perfect compliment to THE trader training package.
The customer support is top drawer. Theu really make me feel like a valued customer, they keep me up to date with information on any questions i have and quite frankly bent over backwards to help. Superstar service.
Rob and the team I am very impressed and am glad to be a member.

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