In this Simpler Trading Review, we will take you through exactly what services they offer and the value they provide.
Contents
- Who is Simpler Trading?
- Simpler Trading Review: What is offered?
- Cost Of Option Trading Courses (October 2020)
- Conclusion
Who is Simpler Trading?
Simpler Trading is a community of traders founded in 2010 by John F. Carter, author of the well-known book “Mastering the trade”.
The main feature of Simpler Trading is the live chat rooms with real-time discussions of trades every day, where members with different trading experience gather together, share trading strategies, and interchange ideas.
The chat room is moderated by experienced traders from Simpler Trading, who provide real-time market analysis.
According to their web page, the Simpler Trading community has more than five thousand members comprised of beginners and professional traders.
The company has more than one hundred traders with many years of experience.
Simpler Trading offers its members training courses, webinars, and short presentations on technical analysis, forex, futures, and courses on some option trading strategies.
The portal has a section with some free material.
There is a free daily newsletter/video upon subscription.
One of the offers Simpler Trading makes to its member is the possibility of becoming an expert trader with the help of a mentor.
Having a mentor provides you with the opportunity to ask questions, get feedback, and avoid common trading pitfalls.
The possibility of having trading mentors speeds up your trading success exponentially.
Simpler Trading is particularly active on many social media platforms, it has a regular blog, a twitter account @simplertrading, and a YouTube channel.
There is a dedicated customer service teams with real-time support, including tech support sessions.
The goal of Simpler Trading is to ensure their customers get the training and support they need to achieve their goals.
Simpler Trading Review: What Is Offered?
Simpler Trading is a platform designed to accommodate the needs of different kinds of traders, from stocks, futures,
forex to options.
John Carter’s courses are the backbone of the trading material offered in Simpler Trading.
The “The Squeeze Pro Indicator’” is perhaps one of the most popular courses offered by John Carter.
Squeeze Pro Indicator
The Squeeze Pro edition is a combination of dynamic filters that automatically adapts to market volatility.
The indicator is designed to easily identify when to get in a trade with built-in automated entry alerts.
According to John Carter, The Squeeze Pro is designed to work in any timeframe the trader selects, it has precise entry and exit rules (including early signal detection), and finds high probability intraday setups.
It can be used to trade options, futures, and stocks.
The Squeeze Pro Indicator bundle has a starting price of $697, it includes the Squeeze Pro Buy/Sell Signal Indicator and The New Squeeze Pro Indicator, both are available for ThinkorSwim and TradeStation.
Options Education
Simpler Trading offers free short daily videos delivered by the options team specialists.
This team is composed of Henry Gambell, Bruce Marshall, Danielle Shay Gum, and John Carter.
The videos are less than 15 minutes long and provide some technical analysis insight.
Simpler Trading has an Option Dashboard which is the options service for members.
There is a monthly fee of $197 to have access to the Option Dashboard.
There is a one-week trial membership for $7 that gives those interested in the options service to try it.
The membership includes features like:
Live Trading Chatroom
Trade Alerts
Premium Newsletter
Trading Room Archives
Member Webinars
Trade of the Week
Features
Option Dashboard
The Option Service of Simpler Trading is designed to help to find high probability setups on an intraday and swing trade basis, utilizing strategies refined for more than 25 years.
You’ll get to trade with John Carter, Henry Gambell, Danielle Shay, and Bruce Marshall.
The Option Dashboard is part of the membership program.
The Option Dashboard contains a series of recommendations for the novice trader, it has a trading plan as well as access to different services like a blog, a youtube channel, a trading room, premium nightly videos, a list of comprehensive courses on option strategies based on technical analysis, and access to the Support Center.
Comprehensive Courses
The list of comprehensive courses contains eighteen courses on options. The most popular courses are:
The cost of the courses is not included in the premium membership.
There are other courses like Fast Fibonacci for Day Traders Basic, New Multi Squeeze Pro System Basic, and Profit Recycling Basic Package.
Premium Nightly Videos
Each newsletter is a combination of trading ideas, tutorials, and key trading summaries designed to put you in a position to win rather than just watch the markets move without you.
Simpler Trading Blog
The Simpler Trading Blog contains information on current topics in the markets written by all in-house trading pros.
Simpler Trading on YouTube
The channel contains videos of Simpler Trader professional traders where they analyze the current action in today’s market.
Trading Room
The most interesting feature of the options service is the Trading Room.
The Trading Room is a webinar-style room led daily by one of Simpler Trading professional traders.
On a typical day, each trader will lead the Trading Room discussion of detailed market analysis each day.
Inside the Trading Room, the discussion leader shares a screen of the charts they are watching, and using technical analysis shows the traders the analysis of the position.
The trading room does not provide recommended trades.
The traders should develop their own effective options trading strategy based on the analysis.
Premium videos
Every weeknight members get premium videos from one of the traders with valuable info that reviews the previous day’s trades as well as prepares the trader for the next trading day.
These videos are around 20 minutes long and cover different potential options trading setups using technical analysis.
The daily videos are similar in content to the Trading Room in that they involve a single professional trader sharing their screen and annotating charts to explain their analysis process.
Cost of Option Trading Courses (October 2020)
There are other paid courses available for purchase inside the Option Dashboard.
Among the comprehensive courses, there are 18 courses designed for option traders.
The price of each course depends on the package the customer selects.
For each course, there are three options: Basic, Premium, and Elite.
The average price of a basic course cost is $397.
Elite members have access to live trading recordings and some extra technical indicators.
Among the courses available we have:
Unbalanced Butterfly Strategy $397
The Ultimate Options Beginner Tool Kit $297
Simpler Calendar Strategy Class $397
Bulletproof Butterfly Strategy $397
Weekly Wires Strategy Class $597
The prices listed above are for the basic package, prices of Premium and Elite packages fluctuate depending on the extra features included in each package.
Conclusion
The Option Dashboard system is very time demanding.
The trader needs to dedicate a considerable number of hours each day to the Trading Room, daily videos, and other materials.
You should take this into account if you decide to become a premium member and want to get full value out of your subscription.
The membership is not designed to be a service for casual traders.
The service is not designed to give you option trading signals, The Option Dashboard is designed to teach you how to analyse the market and based on your analysis decide what trade.
The Trading room allows you to interact with other option traders through the chat room.
The cost of the premium membership ($197 per month) could be too expensive for some beginner traders.
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
