Dan Parker is a financial analyst who has spent the last two decades covering stocks, bonds, commodities and currencies for companies like Lehman Brothers. He launched his own hedge fund in 2013 to trade U.S., European and global equities with an emphasis on macroeconomic themes that might be hiding in plain sight.
Dan Parker is a financial advisor who has been posting on Facebook for years. He has over 100,000 followers and is known for his advice on how to invest your money.
Are you searching for a review of the True Trader trading community? Is Dan Parker a con artist? Is it possible to earn money in the stock market by following Dan Parker’s recommendations?
There are a lot of gurus that claim to be able to assist people generate money, but after examining hundreds of similar programs, I discovered that the majority of them are frauds. The gurus are the only ones who profit, not the pupils.
So I’ve been researching Dan Parker and his True Trader platform for the last week. As a result, I’ll be able to tell you all you need to know.
As a note, I am not linked with True Trader or Dan Parker, thus this review was not compensated for. As a result, you can be certain that my views are impartial.
I’ll also tell you about a far superior option at the conclusion of this review that has allowed me to create a 4-5 figure passive income every month.
In this True Trade review, I’ll go through the following topics.
Dan Parker, who is he?
True Trader was founded by Dan Parker.
Allow me to provide you with some background information about Dan Parker. I looked up Dan Parker’s information, but there is very little available.
I can’t locate his Facebook, Instagram, or LinkedIn pages. Dan Parker does not seem to be mentioned by any brokers or magazines.
So, why should you believe in him or learn from him? Is he a successful trader in reality?
Dan Parker claims to be able to offer the trading tactics used by the majority of expert traders. He claims to be able to teach you how to profitably join and exit deals.
However, none of Dan Parker’s strong statements can be verified. It gives me the creeps.
Recommendation: This Is The Best Option
What is True Trader, exactly?
True Trader is an online community for day traders.
When you join True Trader, Dan Parker will teach you how to trade. Every morning, you can watch Dan Parker trade live.
True Trader promises to be a stock market platform for committed and focused traders to earn money together.
Dan Parker and other platform experts are all attempting to pinpoint Key Inflection Points and formulate pre-market trading strategies. Every morning as the market opens, Dan Parker will launch his Long/Short strategy.
Dan Parker’s method is straightforward. He concentrates on two or three equities that he believes will see significant corrections when the market opens. He’ll buy the stock now and sell it later when the price corrects.
Everything occurs in a matter of minutes or seconds. It’s quite quick.
True Trader is not for novice traders. To follow the rapid trading signals, you must understand the fundamentals of trading.
Here’s a quick rundown of everything you’ll receive when you sign up with True Trader:
Courses
By going through hours of information, you will learn how to trade. You may choose from three different courses.
The material of the course is fairly sophisticated and not suitable for beginners. Pre-market research, bespoke trade files, and resistance zones will all be covered.
Dan Parker’s scalping strategies will be taught in the Strategy Masterclass. Dan Parker believes that with this method, he can generate a profit ranging from 2% to 5%.
Dan Parker will also show you how to use his unique scanner to find the best stocks. You will also get a trading strategy 15 minutes before the market begins, but some users believe this is a farce.
On True Trader, you’ll be invited to trade using ThinkorSwim. It is the standard trading platform. Ameritrade invented this computerized trading platform. A tutorial is available to show you how to utilize it for day trading.
Message Boards
You can do live chat with other members in the Message Boards. You can get advice from others. However, it’s very chaotic as many people are shouting at the same time. You will have no idea who to follow and ignore.
Tutorials
In addition to the courses, there are some brief tutorials. Again, the material is not suitable for beginners. You’ll learn how to put up charts like the candlestick chart to assist you determine the highest, lowest, and closing prices, for example.
Coach for Trading Psychology
Dan Parker employed Kim Ann Curtin as a coach to help participants overcome the psychological barriers that day traders face.
Here are the four subjects she discusses:
- Inner Gremlins/Ego
- Greed/fear of failure
- Comfort With Loss/FOMO
- Lack of Proven Edge/Discipline
Pricing for True Traders
True Trader is quite costly. The monthly fee is $395. You will have to pay $230 each month if you pick the 3-month bundle.
Although the annual plan is the most affordable, it still costs $99 each month.
Dan Parker seems to be attempting to push you to take the yearly plan, which is far less expensive.
Bad programs or platforms usually use these pricing strategies since they are aware that their offering is inferior and that they will struggle to retain members. They aim to get individuals to sign up for the annual plan.
This pricing strategy should serve as a warning that you should proceed with caution before opting for the annual plan. After you pay, there is no assurance that you will receive your money back.
True Trader’s Benefits and Drawbacks
Let me give you a summary of the True Trader’s Benefits and Drawbacks by Dan Parker:
Pros
- The platform has a lot of information and features, but they won’t always help you generate money in the end.
Cons
- There are no documented student success stories.
- Before you can earn money on the site, you must make a significant investment.
- Dan Parker does not have a proven trading track record.
- The material is not suitable for newcomers.
- The membership cost is exorbitant.
True Trader: Is it a Scam?
True Trader by Dan Parker is not a fraud, in my opinion. At the very least, I don’t have any proof.
Dan Parker does provide services such as the chatroom, scanner, and classes.
However, this does not imply that I endorse it.
When I looked through customer evaluations, I discovered a lot of bad feedback regarding True Trader. Many customers have asked for a refund, claiming it is a fraud.
Dan Parker never discloses his profit and loss to members, which should be a warning signal. Some members discovered that Dan Parker’s trading performance was really rather low. He does not consistently earn money and, in fact, loses money the majority of the time.
This, I believe, is why he invests so much time and effort into developing True Trader. If he can earn so much money from trading, he will only trade.
So, rather than trading, I believe Dan Parker gets the majority of his money by selling True Trader memberships.
I don’t encourage anybody join True Trader since there are so many red flags concerning Dan Parker and True Trader.
Instead, I have a better suggestion for increasing your passive income.
The tendency is to create a digital asset. In less than a year, I joined a platform that has allowed me to earn a 4-5 figure monthly passive income.
It’s a legitimate and long-term internet company that anybody may start right now.
If you want to learn more about it, continue reading to the next section.
Recommendation: This Is The Best Option
Is There a Better Way to Make Passive Income Than True Trader?
Although investing is one of the most popular methods to build wealth and generate passive income, the stock market is volatile.
Even if you have recommendations or insights from so-called experts like Dan Parker, winning in the stock market is not guaranteed.
Only God knows whether or not the stock market will increase or fall. You could earn some money in a few efforts, but you’ll lose it all in the rest.
So, if you’re looking for a reliable and safe source of passive income, I recommend starting an affiliate marketing company online.
Affiliate marketing is ideal for those who are fresh to the world of internet business.
In truth, affiliate marketing is the simplest and most gratifying internet business plan I’ve attempted so far.
You can essentially operate your company for free with affiliate marketing and earn a constant and sustained passive income to pay your expenses. You don’t need any start-up money, and you may do it as a side job.
And if you’re serious about learning affiliate marketing and starting a company from the ground up, I suggest starting with the most recognized affiliate marketing platform available: Wealthy Affiliate. Wealthy Affiliate is a one-stop shop for starting an affiliate marketing company from the ground up. It provides you with a free account (including a free website) as well as complete SEO (free traffic tactics) training, allowing you to begin affiliate marketing right away without spending any money.
However, how much money can you make with Wealthy Affiliate? A 21-year-old Wealthy Affiliate student earned $7,395 in only one week, or more than $1,000 per day…all while employing free traffic sources.
Wealthy Affiliate has been around for 15 years and has a long track record of success. Here are some more inspirational success stories from Wealthy Affiliate members to offer you additional examples.
What is the location of Wealthy Affiliate?
Wealthy Affiliate offers a very straightforward price structure. It offers both free and paid membership options.
You can try Wealthy Affiliate for free by signing up for the free starting membership here (no credit card required). You may choose to be a free member for an indefinite period of time.
As a starting member, you’ll get immediate access to the community, live chat, over 500 training courses, two classrooms, networking, comments, one free website, and the keyword tool. All of these benefits are available without cost.
So I highly urge you to create a free account and check it out for yourself.
Recommendation: This Is The Best Option
Dan Parker is a professional yugioh player. He has won the US National Championship and World Championship. Reference: dan parker yugioh.
Related Tags
- dan parker obituary
- dan parker trader
- dan parker blind
- dan parker blind machinist
- dan parker real estate
