Tradespoon Reviews: Is It Beneficial?
The importance of the trading platform for traders
As trading, especially stock trading is becoming more and more popular, traders are feeling the necessity of helpful tools that help them in making their trades more profitable.
It is not the secret that trading platform plays a significant role in the career of every trader.
For that reason, it is recommended to choose those things accurately before starting to trade. One of the helpful trading platforms is Tradespoon.
Tradespoon has a similarity with other popular trading platforms, such as Trade Ideas, Motley Fool, Asiaforexmentor, Tim Sykes, Benzinga, and Edgewonk.
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What is Tradespoon?
Tradespoon is the service that helps you pick a stock to buy. On this platform, you can also learn live trading with the help of lessons and webinars.
Tradespoon is the trade intelligence platform. These kinds of platforms normally are designed for traders to help them make profitable trades.
Tradespoon claims that good luck does not play the most significant role in trading. Instead in their opinion, traders help themselves on trading by acquiring trading skills, choosing appropriate platforms learning the usage of tools.
According to Vlad Karpel, CEO and the creator of Tradespoon, 3 following features make Tradespoon better than other platforms and attract lots of traders.
- Excellent and very helpful trading tools.
- A competent software.
- Availability of transferring data so fastly.
This trade intelligence platform is intended for traders to provide them with important information. Tradespoon hopes that important information making stock trades more profitable and successful.
Providing its users with affordable service and handy software are considered the major principles of Tradespoon.
On Tradespoon, you also get helpful videos about trading, trading tools, and other beneficial things. In my point of view, before starting to use any platform it is better to have information about the owner, CEO, and the important managers of that platform.
If the respectful figures of the company are reliable, the company itself should be reliable. This logic works for trading platforms, as well. After all, every trader would like to make sure his/her money is in reliable hands.
So, for that reason, let’s first have a look at the CEO and the founder of Tradespoon.
CEO and the founder of Tradespoon
Vlad Karpel is both the creator and CEO of Tradespoon. Before establishing the Tradespoon platform, he worked for OptionsXpress as the Head of Technology and the Executive Vice President.
In my opinion, he will become one of the famous and successful figures of the trading world soon, as he has been working in that area for over fifteen years. This amount is enough to count him as a skilled businessman.
Vlad Karpel has a desire to help traders trade smarter and make better decisions. In addition, he wants the users of his platform to be well-informed since he thinks these three factors are very significant in stock trading.
In his opinion, the right approach leads people to be successful in trading. He claims that those who use Tradespoon never have a lack of support from the platform.
You can ask questions interested you from Vlad Karpel. I think this person is like a trading teacher. With his support and intelligence, you can feel more self-confident in the trading world.
As he stated, his main goal is teaching users to trade smarter and make better trading decisions on trading.
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Advantages traders can take by using Tradespoon
The major advantage of Tradespoon over many other platforms is allowing users to become its member at absolutely no charge.
The reason is that it offers free membership for everyone. However, there are also 3 other paid versions of the subscriptions other than free membership.
So, do not miss the chance to use Tradespoon at no charge in your trading journey.
You can get the following profitable opportunities by using Tradespoon:
- Live trading videos allowing you to improve your skill.
- Special client service designing for people who have questions about trading on Tradespoon. It means that users are provided with dedicated support. It is also important that dedicated support is 24/7 available. You can find out more about the client service of Tradespoon on the customer service page.
- Thousands of training videos dedicating to teach you to trade profitably. You can watch these training videos on the video training library of Tradespoon. It should be mentioned that the availability of the video training library is rare among platforms.
- The copy versions of webinars taken on Tradespoon. If you want to watch missed webinars, this function is for you.
- The availability of being engaged in paper trading with the help of the virtual trading account of Tradespoon.
- Live trading room sessions once a week.
- Smart trading guides in PDF version.
- Guide containing the video which helps you in getting familiar platform of Tradespoon and its features.
- Chargeless video training vault containing nine lessons. Videos on the video training vault allow you to become a consistent trader. You can access the video training vault of Tradespoon both on your PC(Personal Computer) or smartphone.
- The blog of Tradespoon. This blog is amended once in 2 weeks.
You can use Tradespoon, the trade intelligence platform to do technical analysis as well as forecasting future stock prices.
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Functions of Tradespoon platform
Tradespoon bulls, bears
There are the stocks and options performed good and in contrast, the stocks and options performed badly during a week.
And, Tradespoon lists such stocks separately from each other. Undoubtedly, Tradespoon bulls are counted as a very helpful and important feature of Tradespoon.
The probability calculator
You can find out about the proportion of profit and risk with the assistance of the probability calculator of Tradespoon.
On the probability calculator, the historical performance again helps you in determining whether stock and options prices are more or lower than the importance level.
Seasonal charts
Seasonal charts help traders find out the historical performance of stock and options. The main aim is to allow traders to use predictive analytics to forecast the future performances of stock and options.
MonthlyTrader
Tradespoon is one of the best platforms for swing traders because of its MonthlyTrader.
Some swing traders might find it difficult to have enough free time to be engaged in trading and doing market research. Tradespoon’s MonthlyTrader is designed especially for helping this kind of trader.
MonthlyTrader comes to aid you when you have a very busy schedule but still, have a desire to be engaged in swing trading.
Stock forecast tool
Tradespoon stock forecast tool helps you analyze and predict the future performance of stocks. Apart from the stock forecast tool, there are other several helpful features of Tradespoon, such as a company screener, portfolio manager, profit calculator.
Moreover, Tradespoon offers trading lessons, including videos about live trading. These videos might be helpful for those who want to find out the secrets of technical analysis.
Forex forecast tool
Forex forecast tool is almost the same as the stock forecast tool. However, while the former is intended for being used on forex trading, the latter is mainly designed for investors and those who want to make money by stock trading.
Trade idea tool
It is not a secret that every trader sets price targets based on their personalized investment preferences and it means that the price targets of traders might be different based on their approach to trading.
Trade idea tool is what you are looking for if you want to receive personalized and special forecasts by Tradespoon.
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Stock focus list
Seasonal charts and liquid stocks are available on this list.
About premium member stock picks
With the help of this feature of Tradespoon, you can make your trades more profitable and make a large amount of money.
Futures forecast toolbox
Futures forecast toolbox is available on Tradespoon. It might be a very good choice for those who want to make money by trading futures.
This toolbox provides traders with predicted increases and decreases every day.
The market commentary
On Tradespoon, you can use market commentary, RoboStreet which is intended for providing users with advantageous statistics.
RoboStreet offers traders insights and analysis of trends. These things, in turn, allows you to make a lot of money through stock trading.
Portfolio toolbox
A trading plan, without doubt, is considered one of the crucial things for people who have a desire to be successful in trading.
There is a very helpful feature of Tradespoon which duty is to help traders in making their trading plan. It is the portfolio toolbox.
The portfolio toolbox makes it easier for traders who are engaged in swing trading to make a trading plan. In addition, it is very beneficial for those who want to be engaged in short-term stock trading.
This tool can make your portfolio better and as a consequence help, you trade more profitably. It mainly focuses on the following things:
- Portfolio management
- Analyzing the portfolio
- Optimizing the portfolio
Elite trading circle
If you consider yourself a self-directed trader, the Elite trading circle is your place. It is a small, special team that gathers thousands of self-directed traders like you.
On the elite trading circle, you can keep track of Karpel’s live trading. If you are an active trader or active investor, you can use a newly presented service of Tradespoon, WeeklyTrader.
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Price for the membership of Tradespoon
In general, there are 4 versions of membership subscriptions on Tradespoon.
1. The chargeless subscription
This type of subscription is chargeless and designed for beginner traders and investors. It is counted as a basic version of the membership subscription of Tradespoon.
Despite it is offered to you at no charge, it includes very helpful things that can help you to gain success in trading.
For example, by watching free videos and webinars about trading and investing, you can improve your trading skills.
2. Stock forecast subscription
It allows you to use the Tradespoon stock forecast toolbox unrestrictedly.
By using the stock forecast toolbox of Tradespoon, you make your trades more profitable and the trading decisions smarter.
The stock forecast subscription of Tradespoon along with the Tradespoon stock forecast toolbox costs 127 United States Dollars. You are required to pay that amount every month.
3. Premium package subscription
The premium package subscription allows you to take advantage of all available features of Tradespoon.
As I mentioned above, Tradespoon regularly provides its users with stock forecasts. Being subscribed to the premium package means that you do not have to break your spine to analyze and predict the future performances of some stocks and options.
The reason is that subscribers of this plan can make money by simply following the investment advice and recommendations of expert traders and investors.
I think that those who have a desire to be engaged in options trading and make a large amount of money in this way should purchase the premium package membership subscription.
You can buy a monthly premium package subscription for 197 United States Dollars.
4. Tools membership subscription
It is another good offer for traders who want to decide what to buy based on the recommendation of the stock forecast toolbox of Tradespoon.
When you pay for one of the versions of membership subscriptions Tradespoon asks, if you want to receive your money paid back.
This type of membership subscription is also appropriate for those who want to make profitable trade by doing technical analysis. The reason is that tools available on Tradespoon make the process of doing technical analysis easier.
Other important information about Tradespoon
- Tradespoon was established in 2012
- It returns your money paid for the monthly subscription if you are not satisfied with the service offered by Tradespoon.
- Even if you do not purchase either of the 4 types of membership subscriptions of Tradespoon, you are allowed to use its several features for free.
- Headquarters of Tradespoon: Superdome LLC, 318 Half Day Rd., Suite 215 Buffalo Grove, IL 60089
- You can find out more about the opinions of people who used Tradespoon on Google.
Advantages of using Tradespoon
- One of the main advantages of Tradespoon is that it offers you the service of trade management, a portfolio management tool, and trading and investing education.
- The availability of the probability, profit calculator, and company screener is very helpful for traders in choosing appropriate stocks which can show the nice future performance and in consequence help traders to gain certain price targets.
- Tradespoon might be the best option for traders who want to analyze on their own instead of investing the money in the stock picks they get from the platform. Sometimes, predictions presented by the platform do not meet the expectations. That’s why I would like to recommend you to think carefully and do market research before on your own after getting stock picks from Tradespoon.
- The availability of the liquid stocks on the stock focus list presented by Tradespoon.
- The availability of the portfolio manager
- Tradespoon offers you the chargeless guide containing advanced options strategies, development of a plan of trading, technical analysis, and Tradespoon 101.
In my point of view, because of the beneficial sides, I stated above Tradespoon is better than other similar platforms such as Trade Ideas, Motley Fool, Asiaforexmentor, Tim Sykes, Benzinga, Edgewonk.
Conclusion
In this Tradespoon review, I tried to maximally explain to readers what is Tradespoon and for what reason it should be the best trade intelligence platform, although it has many competitors in the market.
It should also be mentioned that no matter what type of trader you are, the active trader, or those who prefer to make a profit in the long term Tradespoon can suit your preferences.
Moreover, Tradespoon can be a nice helper of not only the stock trading journey but also the options trading and futures trading.
I hope in this Tradespoon review, you were able to find the information about Tradespoon that you were looking for.
So, if this review aroused interest in you to Tradespoon, just get started on this trade intelligence platform and enjoy using its exclusive stock intelligence!
Also, I believe that Tradespoon is better compared to the alternative platforms, such as Trade Ideas, Motley Fool, Asiaforexmentor, Tim Sykes, Benzinga, Edgewonk.
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