Base Camp Trading Review

Base Camp Trading appears to be a financial education and trading company that provides training and resources for individuals interested in trading various financial instruments, such as stocks, options, futures, and forex.

There is a big difference in opinions that you can find on them online but most top searches, or at least in my experience with my searches in ol’Google, are saying they are not worth your money.  Trading in general comes with significant risks, and it’s important to understand that there are no guarantees of making a profit in the financial markets.

The question now is if their service really worth availing or maybe just outright skip them and turn to better options especially for your budget. Let me help you decide and find out on this review.

But before getting into the review…

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What is Base Camp Trading?

Base Camp Trading claims to specialize in trading education and risk management. They offer their help to beginner, intermediate and advanced traders who wishes to learn:

  • how to trade the markets
  • why and how markets move
  • why risk management is important

They emphasize on their trading strategy which is to focus on consistent, repeatable trades hitting singles rather than home runs.

Base Camp Trading specializes trading in Options and Futures and offers 2 day trading rooms that runs from 9 a.m. to 12 a.m. They also sell a lot of indicators (19 of them) and workshops (more than 20).

A quick search online will tell you that Base Camp Trading is a rebrand of an original site called Value Charts. If you type in valuecharts.com you will be directed to their current website. While rebranding is not at all bad but their claims of experiences dating back from 2010 includes Value Charts because Base Camp Trading only started in the year 2016 or at least that is what the registered date of their website will tell you.

Who is Drew Day?

Drew Day is the founder and President of Base Camp Trading as well as a Commodity Trading Advisor who claims to have 21 years of mastery across futures, stocks, and options. He has made speeches at Bloomberg Markets and was an authority in the “Visual Guide to Hedge Funds,” a Bloomberg Wiley publication.

He honestly sounds perfect, and he is aware of it and it is this exact ideal image that he makes use to convince people that they sell useful courses. Unfortunately, not everyone that appears great on paper equates to profitable advices and Drew Day along with the other guys (namely Thomas Wood, John Osborn, Dave Aquino, and Brian Strong) who runs the Base Camp Trading are an example of this.

You cannot really find anything about this guy, literally the photo above is the only picture you can find of him then nothing else, and that can already cause people to be skeptic. There is a YouTube channel in his name but of course the videos does not show their face on camera.

The only person in their team with a significant presence is Dave Aquino who studied Molecular Biology and was a stockbroker at Merrill Lynch, Pierce, Fenner & Smith Incorporated right after graduating for two years then moved to work for The Vanguard Group, Inc.

What Dave does for Base Camp Trading

Dave Aquino handles the 2 chatrooms in Base Camp Trading which focuses on Options and Futures respectively.

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How much does it Cost?

Base Camp Trading offers a discounted first month of only $7 to join then it is $97 per month membership fee. Once you avail this they say that you will have access to their 2 day trading rooms and a very essential course for traders normally valued at $897 which you will get as a bonus for free for joining.

They have a store that sells:

19 indicators which are priced ranging from $147 to $1,497 and

23 workshops from $97 to $997.

 

Pros and Cons

In Trading

Knowing the upsides and downsides of trading is like your compass in the financial world. The pros and cons should serve as guide for making well-informed, realistic, and responsible decisions in the financial markets. It enables individuals to navigate the world of trading with a clear understanding of the risks and rewards and empowers them to take the necessary steps to achieve financial goals while managing the challenges effectively.

Pros

  1. Educational Opportunities: Trading can be a continuous learning experience, providing opportunities to expand your financial knowledge and analytical skills.
  2. Profit Potential: Trading provides the opportunity to make a profit by buying and selling financial instruments. Skilled traders can generate significant income.
  3. Diversification: Trading allows you to diversify your investments across various assets, reducing risk and exposure to a single asset class.
  4. Flexibility: You can trade on your schedule, making it suitable for those who want to manage their own time and work from anywhere with an internet connection.
  5. Liquidity: Many financial markets are highly liquid, making it relatively easy to enter and exit positions.

Cons

  1. Emotional Stress: The emotional toll of trading can be significant, as traders often experience stress, anxiety, and pressure to make quick decisions.
  2. Lack of Consistency: Achieving consistent profits in trading can be challenging. Success often depends on market conditions and individual skills.
  3. Time-Consuming: Effective trading requires time for research, analysis, and monitoring the markets, which can be demanding for part-time traders.
  4. Market Risk: Economic and geopolitical events can lead to market volatility, impacting trading positions and strategies.
  5. Information Overload: Traders need to process vast amounts of information, which can be overwhelming and lead to analysis paralysis.
  6. Addictive Behavior: Some individuals may become addicted to trading, leading to financial and psychological issues.
  7. Costs and Fees: Trading may involve commissions, spreads, and other fees that can reduce profits. Overtrading can also lead to excessive transaction costs.

Of Base Camp Trading

Positives

There’s not a lot of good opinions about Base Camp Trading as unfortunate as that sounds but at least one person seem to be legit on their team. Still, I don’t think it means anything anymore at this point.

Negatives

  1. Confusing and bad advices.
  2. Tons of negative reviews from customers.

They often lead their customers to believe that their financial losses are a result of insufficient research on their part, creating a sense of self-doubt and questioning.

No other confirmed information about the individuals managing the Base Camp Trading can be found outside their self-made profiles in their site. They could be using aliases and that’s not inherently bad but no doubt it is a highly suspicious tendency.

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Is Base Camp Trading a SCAM?

They do a really good job at presenting themselves as decent on papers but in reality I don’t think the people behind Base Camp Trading have the real grit to be selling out advices no matter how much “combined experiences” they say they have. Everyone can claim anything but without desired visible performance to back it up, claims are just empty words.

Here is how I think Base Camp Trading pull you into them:

  • Bait people with clean and seemingly amazing credential record
  • Impress potential buyers with an affordable $7 first month membership fee that comes with a free “must-have-course” that they say is valued at $897 as a bonus. It makes you think that they are very generous and therefore for sure they cannot mean any harm. They want your trust.
  • Test trading in their two day trading rooms which is inactive or just useless talking for the most part and then;
  • Upsell their many, many products that honestly is not worth their price. Below is a customer review that will say it better.

Let’s give them the benefit of the doubt and say that the trading skills they teach are perhaps a little too advanced that new traders might find them difficult to follow but if that is so then they are not suitable for beginners.

Conclusion

I cannot recommend them to anyone. The negative reviews from their customers are just overwhelming. As I have mentioned at the intro of this article, there is a big difference in opinion about Base Camp Trading but I have a feeling that it’s mostly their PR team that seem to be always in overtime in making them look as legit as possible.

I remember reading one comment that said that most of the strategies they teach can be easily found in affordable books like Van Tharp or Mark Douglas and they couldn’t have said it any better.

Before leaving…

If you are serious about starting your own online business, I highly recommend you to check out my #1 recommendation.

This is simply the BEST business to start right now and it made me $30,391 in the last month alone.(*and sky’s the limit*)

Go here to start leasing leads to small business owners and become a digital landlord

 Best Business To Start >>