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DayTradeIdeas has a rating of 4.73 stars from 128 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with DayTradeIdeas most frequently mention technical analysis, resistance levels, and trading course. DayTradeIdeas ranks 16th among Currency Trading sites.
A great service for a beginning trader or established trader. Well put together reports which really puts support/resistance levels into perspective. Since using Jason's service my own trading has instantly improved. This is not simply a read and do service. Traders still need there own intuition and discipline to succeed. If you can do that along with Jason's service then you can certainly improve.
Usually a site has a mix of 5 stars and 4 stars, so we have five stars and then the really pissed off with 1 and 2 stars. I should have known when i looked them up on alexa and found that they have no traffic for any country, You would think they would have some ranking on Alexa for UK or USA but none, On a global basis the ranking is 3.8 Million, I posted the image below but you can check for yourself. Seems like no one is visiting the site? I did not lose much money and i chalk it to learning about the markets. I bought two reports and monitored them both for a month. I found nothing remotely close to exciting about them. Vector vest the software program does a better and job and in my opinion vector vest still charges too much. In futures and currencies i have seen no one beat Mr Hadik..
Support and resistance points are provided but no concrete action is given to taken a trade. If you spend a bit of time on stock charts or purchase some software you can do the same for free or at a much lower cost. Every market trades in a range, so its either going to go up or down and after it breaks through that range it will create another range. The idea is to issue trades with the highest probability of success and not provide support and resistance points. For example Home Depot is likely to test 183-185 before taking out 200. Use the pullback to open long positions.
Any novice Market Technician can issue resistance and support points, I did not lose any money other than what I paid for the reports, as I paper traded which is what I always do when testing a new service. If I had traded I would be far from happy.
I think Eric Hadik from Insiidetrack does a way better job at a much lower price.
There won't be any clear direction on any of his analysis. Mostly he throws levels on both upside and down side. For all the market. So funny... one way or another it has to hit at least one level while the market moves up or down... And then the next day report will say... We bottomed exactly here... Or we topped exactly here... It took me couple of years to figure out... That I am missing something. Which is to do my own analysis.
He is more of a good marketing guy than market analysts..
It is the worst financial advisor I have seen in my whole life, If we can say financial advisor. I lost USD$ 39.000 IN 03 WEEKS WITH HIS ADVICES. Never hirer them or you will loose your money
Tip for consumers:
I LOST ALMOST USD$ 40.000 FOLLOWING "DAY TRADE IDEAS"
Quit daytradeideas few months ago, but they still charged money from my bankaccount. I wrote to them to complain about the issue and they promised me a refund. Today 3 months after i still didn't get my refund and they still charge money several times a month. Watch out, these guys are definitely scammers.
Hi Jacob, Apologies for the issues. I have received the email you sent only 2 hours ago and am addressing it with our bank. I needed an hour to reach someone at the bank and see what the issue is regarding the refund back in Feb and charges since. I will make sure you are refunded for all charges today and will confirm with you by email.
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DayTradeIdeas deliver a trading plan in a written report, identifying strategies with targets and stop loss levels helping you to minimise risk and maximise profit.
With over 30 years trading experience, Jason Sen identifies reliable trading strategies on Forex, Commodities, Index & Fixed Income markets every day. Our clients include thousands of traders & brokers at leading global financial institutions as well as independent traders who have relied on us for many years to pin point important support & resistance levels.
Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Trading financial markets is all he has ever done, every day for over 30 years.
Jason uses this experience to advise traders at the largest global investment banks & brokers and is also the leading provider of daily technical analysis to Marex Spectron, Tower Trading Group and Schneider Trading, the top direct market access providers to thousands of professional traders. He provides pin point entry, exit and target levels for day traders to give them the edge, helping them to maximise profits and minimise losses. The exact same analysis that professional traders follow daily is now available to independent traders & delivered every trading day of the year by 6am GMT.
Thank you for taking the time to write your review. The most successful traders in the world would admit they have no idea where the markets will go hour to hour or even every day. What successful short term day traders do is identify important levels in the market where they can enter low risk trades.
What they do not do is try to guess the direction of every move the market will make & jump in & out of the market hour to hour in the hope they get it right. This strategy is guaranteed to lose money.
We provide important support & resistance levels where we believe the market will pause & possibly reverse. When these levels are broken I provide the next target where I think price will head towards. This is a time proven strategy that works in the longer term.
A support level is a price level where the market tends to find support as it is going down. This means the price could very well "bounce" off this level rather than break through it and is more likely to do so the first time it it tested. However, once the price has passed below this level, perhaps on the second or third test it is likely to continue dropping until it finds another support level.
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. Experienced traders tend to wait to sell at resistance & buy at support as this gives them the best trading edge. It allows the best risk vs reward ratio. In other words, it minimises risk. This is key to short term trading, not guessing which direction the market is about to move.
If price is moving between support and resistance levels, traders buy at support and sell out for a profit as the price approaches at resistance. They also sell short at resistance and cover the short (buy back for profit taking) as the price approaches support.
We specialise in providing accurate support & resistance for this exact purpose.
We write the reports so that traders with all levels of experience can understand. We give specific entry, targets & stop loss at different levels throughout the day so all the work is done for you. This is why our main clients Deutsche Bank, Morgan Stanley, RBS, Merrill Lynch etc have been with us for over 7 years. Our levels must be consistently accurate day after day or they simply would not pay us.