Quality of Education
Quality of Alerts
Quality of Support
Ease of Use
Today we are looking at Ross Cameron’s Warrior Trading website and if it’s a good investment for your trading needs. Warrior Trading claims to teach you a skill that allows you do exactly that. But they are surrounded by a lot of controversies. So is Warrior Academy a legitimate place to learn Trading?
About Warrior Trading
Warrior Trading is a day trading education and chatroom website that was established by Ross Cameron back in 2012. Initially, it was just a blog, but over time, it grew into a massive online community. Now they have a chat room, webinars, simulator, online courses, and other things to help you learn trading.
The site claims to have an online community of over 500,000 traders worldwide and 5,000 premium members. They have a goal to empower all those people to be their own bosses, work from anywhere in the world, and set their own hours, all while making good money. Sounds great right?
However, there membership fee is quite hefty, so many people are concerned if its worth it to join.
Personally, I understand why some people are concerned. There are just so much BS and snake oil salesmen in this niche so how can we be sure that Ross is not just one of those guys? If the account statements won’t convince you, the only thing you can do is to test him out for yourself to know for sure. Everything considered, I do think he is doing good work.
There are three membership types, Chat Room, Warrior Starter, and Warrior Pro, all of which are priced to perfections.
The Warrior Chat Room
The chatroom streams Ross’s Trade Ideas scanner, live mugshot and charts throughout the day. Ross chimes in frequently to provide color commentary on the market action. He does a decent job of explaining the set-ups and analysis of stocks in play in the chatroom. He has a very calming and down to earth demeanor that makes him very approachable and unassuming. There is a lot of interacting with the members between Ross and his moderators. The chatroom does a good job of selecting stocks that are moving with momentum and volume.
Within a month you can tell, if you’ll make money with him or not + even if you won’t, you’ll gain some market experience.
You will know within a month if this is the right product for you, but just for a chatroom membership, this will cost you $197 a month. That is quite a lot for just chatting with someone, and he is servicing a huge group of members, not just you.
The trader training courses are all accessible via mobile and desktop devices. There are three levels of training courses starting with the $997 Warrior Starter program is tailored for newbies and includes one-month access to the chatroom, simulator and “CORE” Warrior Day Trading Course.
The Warrior Pro program everything from the Warrior Starter for three-months in addition to 3X Weekly Mentoring for three-month access and Proven Warrior Pro Trading System which includes their Day trading and Swing Trading System and personalized trade review with Ross for $4,299.
Warrior Inner Circle (Application Only!) – This is their ultimate package which guarantees personal access to Ross, Mike, Jeff, and other successful traders. Price tag? Not mentioned, but I heard that it’s around $10,000 a year. Jeez! You could go get a real finance degree for that type of money.
Paper Trading Simulator
The paper trading simulator can instill patience and discipline for those willing to slowly improve their results in a steady manner before going live. Let’s face it, paper trading is much easier than trading a real account. The goal is to build up your skillsets without the emotional element so that the transition to a cash account is easier to acclimate while duplicating a good chunk of the results from the demo account. This can backfire for the people with the wrong temperament. I can attest it’s much easier to trade on a simulator and even more tempting to go “all-in” more often since there is no risk. This can instill a false sense of security that can lead to disaster when transitioning these bad habits to a live cash trading account.
Plus there are many free paper trading software packages out there anyway, we feel like it would be better to learn on one of the more popular free paper trading applications such as thinkorswim.
So is Warrior Trading worth it? The course does have value and traders are making money, but when you consider the high price of his membership, it does not make sense to join unless your trading several million dollars.
Also, although Ross claims that all his products are refundable, there is a review online from a person who asked for a refund and didn’t get it.
Although the product is good, the fair market value is probably worth about one-third of what Warrior Trading is charging based on other memberships out there.
Ross is a master marketer, which is great for drumming up business, but it seems like he spend more time marketing than he does actually trading. I would prefer a business that spends the bulk of their time servicing the current members verses trying to get new members.