Welcome to my The Mindful Trader review! For today’s review, I’ll help you determine whether this platform is legit or a scam.
Welcome to my The Mindful Trader Review!
If you’re here to know whether Eric Ferguson’s swing trade program is legitimate or just another scam, then this article is what you are looking for!
In this content, I will provide you with the basic things you have to know about The Mindful Trader and list some of its pros and cons in the later parts of the article.
And at the end, it should somehow help you make a conclusive decision on whether to avail of the program or continue searching for other programs that can help you achieve your goals.
But before I begin today’s review, I have to share with you first that I am NOT an affiliate or representing The Mindful Trader or promoting Eric Ferguson’s products in any way. This article is my unbiased and honest review of the program.
So without any further ado, let’s get right into…
Who is the Person Behind The Mindful Trader?
Eric Ferguson is the founder and owner of The Mindful Trader. He is a math genius and has achieved great success as a mathematician.
There was even an event where he was able to perfect his math score in his SATs. And then, he went to Stanford University and got his economics degree there.
So yes, he is a pretty smart guy, but like any trader, he struggled in his first years with little to no success at all.
Also, like many of us, he fell into the trap of investing in training programs and seminars but never really learned anything relevant.
But as time went by, his luck turned around when he learned from his experiences and developed his own strategies.
Now, it is for this reason that he founded The Mindful Trader. He aims to help struggling traders somehow gain some sort of traction in the market.
So are you curious about how the program works?
Let’s continue with my The Mindful Trader review and find out…
What is The Mindful Trader?
The Mindful Trader is a program that is concentrated on swing trades.
There are several forms of trading, and swing trade is when you are looking to earn returns in short to medium amounts of time.
Basically, what Eric offers is to provide you with trade signals and alerts.
Although success is possible in such trade platforms, you can potentially obtain significant losses as well.
Such type of investment is high risk because sudden significant drops in the market could happen in events you’re not expecting. You could incur a huge amount of losses if you are unable to predict the market trend correctly.
The only way for you to somehow lessen the impact is to invest less, but it would also yield lower returns if you are able to forecast where the market trend is going.
Lastly, it could be especially difficult to predict market movement that even some seasoned swing traders are still finding it hard to gain traction. Thus, how much more challenging would it be for those who are just starting out with swing trading?
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What You’ll Get from the program?
As mentioned, The Mind Trader is basically a program the sends you signals or Eric’s three betting predictions per day. And such information should help you make decisions about your investment.
In addition, Eric’s pick is in the form of the following: options picks, stock picks, and future picks.
You will also get swing trade tutorials and access to communicate with the founder of The Mindful Trader through emails.
How Much is the Program?
The Mindful Trader will cost you $47 per month. It may sound like a sweet deal, but you have to take note that it’s not the only expense you have to make.
The initial investment for most brokers is at least $250. However, as I mentioned, you need to put in high amounts to somehow gain high returns as well.
But the problem with this type of trade investment is that it is a high risk, and the likelihood of losing tons of money is very high, especially for inexperienced swing traders.
Also, I did not find any refund policy. Although it’s only $47 monthly, it is still a pretty big deal if the customer is not satisfied with the services they’re offering.
Anyway, you have to check out my best work-from-home recommendation if you are looking for a less risky source of income online.
Is The Mindful Trader a Scam?
Well, I don’t see any reason to conclude that Mindful Trader is a scam. I believe that they are a legitimate program that is involved in generating signals for swing trading.
Also, the monthly payment is relatively affordable, in my opinion. If you have the budget, then you can try the services for yourself at your own risk. And then, see whether it would indeed help you with make better trade decisions.
What do I like about The Mindful Trader Program?
Below are some of the positive things about The Mindful Trader that you have to take note of—
The monthly fee of $49 isn’t as pricey compared to other trade programs that I have reviewed in the past.
But let me remind you that you have to make an initial investment and regularly put money into your investment. All Eric’s program offers is market signals to supposedly help you make better trading decisions.
Eric Ferguson is Legitimate
Eric Ferguson has been in the trading business for over 20 years now. He had tremendous success for the past few years, which means that his system could potentially work on some investors.
What I DON’T LIKE about the Mindful Trader Program?
In this section, I have listed some of the disadvantages of the program—
Swing Trade is High Risk
The risk involved in swing trade is very high. The market is highly volatile, and the trend could suddenly drop overnight.
With this being said—you also have to consider the potential losses that you may incur during the period.
Refund Policy was Not Stipulated
An area of concern here is that there’s no refund policy mentioned on the landing page of the program.
Although it would only cost you $47 a month, it’s somehow comforting to know that you’re getting your money’s worth and have an assurance that you’ll get them back whenever you are not satisfied with the program.
Final Thoughts: The Mindful Trader Review
I hope my The Mindful Trader review has provided you with the information about the subject matter and helped you decide whether they’re worth checking out or not.
As affordable as the program may be, swing trade is a high-risk investment, as I repeatedly emphasized all throughout the article.
However, if you are up for the challenge and have enough money to invest, then you can try Eric Fergusons’ The Mindful Trader and see for yourself if it works.
You also have to take into consideration that there’s a possibility of a no refund policy since it wasn’t stipulated anywhere on their landing page.
If you are uncomfortable with such a scenario, then don’t worry because there are better programs around that you can try.
Or let’s continue to the last part of this article, and I will show you a much better source of income online…
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Well, I believe we’ve covered sufficient grounds here!
I hope to see you in the following reviews!