Ok I want to be as honest as possible with this review...overall I think it is way too expensive for what you get, considering it is all pretty basic stuff and the set of indicators you can set up yourself on any chart for free. However, I know there are way worse courses out there that don't teach you anything useful. I think the system itself isn't that bad, but I find it hard to believe that you can make 2 points a day with just the system alone like Marcello claims. The "pro" traders that make a lot are definitely using some of their own strategies alongside it or have changed the system a little to perfect it more.
The website has been updated recently but the curriculum is still poorly designed and there are pages that have been left half done and "under construction" for months now. Many of the videos have a lot of rambling in and repeating and it takes a hell of a long time to go through them all. I guess this isn't really a big deal as it is the content that really matters, but it just makes it worse.
When I had access to the live classes they weren't very regular at all, maybe that has changed now, but there weren't any for weeks and then Marcello would do like 3 or 4 in a week and then leave it again for a few weeks. I got the impression they would be more regular. I didn't find the classes that helpful either, as you can learn all the stuff Marcello is regurgitating in the classes and learn the system yourself. You don't learn much more through attending the classes than you would from simple experience in the market. A few of the classes weren't even held by Marcello and were ran by one of the "pro" traders.
The main issue I have is there is no actual proof of the claims Marcello makes. I feel extremely stupid to have been fooled into spending the thousands of dollars for what I got in return. In theory it seems like a good idea, and you want to believe it, but it really is too good to be true. I have sent many emails to Marcello asking for proof of him actually making these successful trades, and he always either avoids it or simply says no with no good reason.
You only get limited access to the forum as well, which I was unaware of, and then you are banned from it. Not that the forum is useful anyway, as it is extremely inactive and has hardly any useful content on it. I did find it useful to estimate how much he is making from the site though as you can see how many new members are joining.
He claims that you need to practise the system for months before going live with it, which I think is a great idea and advise anyone to do this before going live with any system, however after nearly a year of practising in the live market (where you truly learn) I've lost a lot of money with this system and can't seem to be able to achieve the 2 points a day like he claims. I am not going to give up though, I'm going to still trade and maybe one day something will just click and the system will work. Who knows. I'm interested to know what determines whether or not people make money with this system, as a whole lot seem to be successful (even if there isn't any proof of that) and a whole lot seem to lose all their money. The system isn't that complicated so I don't know why this is the case.
I hate to say it but I think all the money Marcello makes from selling this course is what funds his travels and what lures people into believing it is possible to day trade and travel the world. I've asked him about this and he actually claims it is being saved up for the "day trading centers" which I will be surprised if they are ever started properly. There just never seems to be anything solid and transparent with what he says. There are never straight answers, and theres a lot of salesman type talking ("only 1 place left on the course!!!" for example..).
I still do not understand how Marcello isn't a millionaire or even billionaire by now...making 2 points a day with any system and compounding some or all of the profits will make you a millionaire in a few years or less (do the math it is true). When I asked him about this he just avoids the question or just says "No Joe that isn't possible" or some rubbish when making 2 points a day will actually make you a millionaire, unless you withdraw all your profits which would be extremely stupid. Even with his travelling he would still have a lot of money left over, and never does he seem to travel in style...he must have a lot of bank accounts with a whole lot of money in not doing anything, either that or he gives all his money away to charity! This is why I think he is just living partly off the income from the course, as it wouldn't be making him hundreds of thousands but just enough to travel around the world freely and stay in relatively nice places. He says coming from a poor background makes him not bothered about spending big or staying in fancy places, which would be fair enough, however he really doesn't spend big at all which goes against human nature really. For all we know he might have come from a wealthy background anyway!
I'm going to end by just advising you to just think long and hard about signing up. Make sure you do you research and email Marcello yourself asking for some proper solid proof of all the money he makes using this system. You probably won't get any and don't be fooled by "proof" that isn't really proof. If someone is truly making 2 points a day, they should be able to actually show you, for example there is not one video of marcello trading live. That's right, there isn't a single video made where you can actually see marcello executing trades using a live account. Until I see a video of him doing so I will forever believe this system isn't capable of making 2 points a day.
I think the easiest way to make money using the system is to sell it to other idiots like myself and fool them into giving you thousands of dollars. Actually trading using the system seems to be too inconsistent. Some days it works alright, but most it doesn't if you take all the trades.
P.S the reviews and conversations on the forum post here is interesting: http://www.bigmiketrading.com/vendors-product-reviews/26082-day-trading-academy-marcello-arrambide-www-thedaytradingacademy-com.html Marcello actually made up a fake account and posted there to say that the course is good and whatever.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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