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FOREX vs TRADERA: The Pros and Cons.
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Should you join Tradera? Well, it depends on what you are looking for.
Stay with me as we look into the good and bad sides of Tradera so you don't fall prey of the sweet-mouthed marketers.
A THREAD...
(RT)
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Should you join Tradera? Well, it depends on what you are looking for.
Stay with me as we look into the good and bad sides of Tradera so you don't fall prey of the sweet-mouthed marketers.
A THREAD...
(RT)
FOREX: The biggest financial market in the world traded by banks, companies and millions of individuals either from an institutional perspective or from a retail perspective.
You don't need to join a team or pay some monthly subscription fees or refer people to trade forex.
You don't need to join a team or pay some monthly subscription fees or refer people to trade forex.
TRADERA: A platform that offers forex education and membership program. It's a multi-level marketing (MLM) "company" that operates a referral scheme and promises a high-returns compensation plan.
Understood? Read on.
Understood? Read on.
If you are newbie and you simply want to learn forex, DON'T waste your money in Tradera. 
The forex component is not designed to SUFFICIENTLY help newbies in my opinion.
Unless you want to waste your money, don't join Tradera to LEARN forex, and I will show you why.
The forex component is not designed to SUFFICIENTLY help newbies in my opinion.
Unless you want to waste your money, don't join Tradera to LEARN forex, and I will show you why.
The forex component features:
1.) A 2-week Trade Academy: They claimed that their forex course will take you from beginner to advanced in 2 weeks. Chaii..
You can't learn forex in 2 weeks.
You can't learn forex in 2 weeks.
1.) A 2-week Trade Academy: They claimed that their forex course will take you from beginner to advanced in 2 weeks. Chaii..
You can't learn forex in 2 weeks.
You can't learn forex in 2 weeks.
If you are a beginner trader, please, for the sake of your mental health, dedicate at least 3 solid months to learning forex (just for a start). 
2.) Trade Alerts: As a beginner trader, it's best to avoid signals. Signals may impede your learning.
2.) Trade Alerts: As a beginner trader, it's best to avoid signals. Signals may impede your learning.
Practice taking trades on your own and learn from them.
Tradera give signals. Some of you might have been lured with this. As a newbie trader, if you don't yet understand risk management and you take these signals anyhow on your live account, it may land you in premium tears.
Tradera give signals. Some of you might have been lured with this. As a newbie trader, if you don't yet understand risk management and you take these signals anyhow on your live account, it may land you in premium tears.
3.) Member Support: A forex community is always a good idea. I don't know how theirs operate, but member support is a good idea. 
4.) Live Trading Sessions and
5.) Market Forecasts
I combined these two because they are related.
4.) Live Trading Sessions and
5.) Market Forecasts
I combined these two because they are related.
They are good BUT they may not really benefit you if you don't yet understand some forex jargons.
Forex has its vocabulary, and it takes time to get used to the various terms and understand them when used in analysis and reporting.
Imagine the analyst saying something like
Forex has its vocabulary, and it takes time to get used to the various terms and understand them when used in analysis and reporting.
Imagine the analyst saying something like
"Considering the overall bullish market structure, coupled with the third touch of the falling wedge coinciding with the daily support, rising trendline and Fibonacci 61.8% price reversal zone, I think we have a confluence to go long." 
Do you understand?
Do you understand?
And guess what? You have access to the Tradera platform for just 28 days. And recurring subscription fee is $99 (~ #44k). Why waste your money?
Just add money to it and pay for correct full time forex mentorship. @just_VictorAFC @Don_Kolawolu @clementoyinlola can mentor you.
Just add money to it and pay for correct full time forex mentorship. @just_VictorAFC @Don_Kolawolu @clementoyinlola can mentor you.
However, Tradera played smart.
They didn't just leave it at forex, they introduced their IBO Membership feature along the forex education.
This IBO Membership is the Referral Component I mentioned earlier.
They didn't just leave it at forex, they introduced their IBO Membership feature along the forex education.
This IBO Membership is the Referral Component I mentioned earlier.
You subscribe with $15. To waive your subscription fee for the following month, you need to bring in three more persons (who will each register with $99 just like you did).
Once you have 3 persons under you, you become a Founder and you don't pay any fee again (so I thought)
Once you have 3 persons under you, you become a Founder and you don't pay any fee again (so I thought)
When you have 10 active premium members under you, you become a "Knight" and earn about $125 weekly.
There are about 9 levels (ranks), and when you attain the highest level of "Legend" with 5000 active premium members under you, you earn $25,000 weekly.
But is it that easy?
There are about 9 levels (ranks), and when you attain the highest level of "Legend" with 5000 active premium members under you, you earn $25,000 weekly.
But is it that easy?
This is simply a multi-level marketing (MLM) scheme . And this is what they are using to raise your blood pressure on the social media. Shouting Tradera and posting pictures. 
Calm down. If you can refer people, refer them and earn. But DON'T DECEIVE PEOPLE to make money.
Calm down. If you can refer people, refer them and earn. But DON'T DECEIVE PEOPLE to make money.
Should you go into Tradera? It depends on what you are looking for.
If you want to learn forex, don't waste your money.
But if you are interested in multi-level marketing, the compensation plan looks good.
But don't deceive people with forex, especially signals.
If you want to learn forex, don't waste your money.
But if you are interested in multi-level marketing, the compensation plan looks good.
But don't deceive people with forex, especially signals.
By now, I believe you have gotten a little insight into what Tradera is about and whether or not you should go into it.
Retweet to share the knowledge with friends.
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Follow @BrainwavesFx for FREE forex analysis, and cryptocurrency updates.
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THE END.
Retweet to share the knowledge with friends.
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Follow @BrainwavesFx for FREE forex analysis, and cryptocurrency updates.
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THE END.
