Pamela R.
I signed up with the Simpler Trading $7…
I signed up with the Simpler Trading $7 trial (for one month) to get some insight into Fibonacci trading with Carolyn Boroden. The subscription price is $197 per month after the trial. The software that they use is very old and it is hard to see the details in the charts. Carolyn does not come out and say where the market is headed even though Fibonacci is a leading indicator and that is the reason why people are interested in using it. She says stuff like "if the market doesn't go up, then this trade is a bust". Ever since the market volatility increased in August 2019, she's stopped using Fibonacci for the indices since in her words "the market is crazy". There are other traders on Simpler Trading. As far as I can tell, they are all about signing up as many people as they can for expensive subscriptions and courses. I viewed Bruce Marshall's videos for one month and he was wrong most of the time about where the market was headed!! Raghee Horner's videos are better than the other traders but she seems to care greatly about sales, and sends lot of emails trying to get people to sign up for her expensive courses. And I've read some bad reviews about John Carter's trades (many people blew up their portfolios following his advice) and that he is not really a trader, only a salesman, who is the owner of Simpler Trading and is out to make a quick fortune. Be careful with this company and its traders!!
Response from Simpler TradingMay 29, 2020
Hi Pamela, Thank you for posting your review, Pamela! We’re sorry for the delayed response. We appreciate your honest feedback. Our services are primarily focused on education, and we’re not an advisory service. Even if we were, no one is right about the market 100% of the time. That’s why we focus on teaching our members how to trade and what strategies have worked for us. This past year, we’ve seen unprecedented market conditions. It’s been tough for any trader regardless of their experience and approach. With that being said, I’d like you to know that our traders use their own accounts with their own money whenever they trade, and they are truly vested in the outcome of each and every trade. If one of our traders made a bad trade, they learn from it and share their mistakes with members so you don’t have to make the same mistakes. I’d love to discuss this further, but I can’t find your contact information in our database. Can you please email us at [email protected] or call us at 512-266-8659? Sincerely, The Simpler Trading Team”