TheoTrade is a financial education and training company that helps traders and investors improve their performance in the financial markets. It offers access to market data, educational materials, and expert commentary.
Whether you are a beginner, intermediate or established trader, you can always become a better trader. The best way to attain this feat is by taking courses aimed at elevating your game.
TheoTrade is one of the learning platforms that you can make use of. Often described as a collection of trading education resources aimed at ‘helping you become a better trader,’ it stands out as a potentially good source of value for traders and investors.
But is it legit? Is it worth it? These are the questions that our detailed review seeks to find answers to.
What Is TheoTrade? An Overview
This is an online trading school that targets traders of all levels, i.e. novices, intermediate and advanced traders. The idea is to help them become better traders as the developers believe any trader can take their game to the next level.
The service is designed to impart all the trading knowledge you need through the classes that it offers. We shall look at these classes in detail later on in our discussion.
About the Developer
This program is the brainchild of Don Kaufmann, who is a well-known individual in the financial world. He has previously worked at TD Ameritrade and Thinkorswim, where he was in charge of the educational content on the platform.
This is enough to tell you that this is an individual who knows what he is doing, and you can trust the information provided in the educational resources.
And we haven't even mentioned that Don has been trading stocks and options for over twenty years. So, everything he shares is from first-hand experience. What better teacher could you ask for?
Other notable members of his team include Doc Severson and Jeff Bierman, who also have decades of experience as traders, and their contribution to the program cannot be underrated.
Key Features of the Program
In this section, we shall look at the components of this program and how you can help you out into becoming a better trader. We will break them down in detail so that you can clearly see what the services are all about.
1. TheoTrade Classes
This is obviously the standout feature of this program, and it covers all aspects of the market that you could think of. This includes options, stocks, futures and forex, and the team of instructors will guide you on how you can make a killing from the items we have mentioned.
Then, the fact that all the courses have been formulated by a team with a minimum experience of fifteen years points at how reliable lessons are.
It is impressive that you can subscribe for individual classes or the entire program so that you have access to all the courses offered. So, go for what you consider to be most convenient.
Some of the classes that you could gain access to include:
- Options 101/201 courses
- Sell Premium class
- Essential Skills for Consistency in Trading class
- Beginner's Guide to Intraday Futures Class
- Strategy Week: Using High Probability Options Strategies
Besides the classes, Don Kaufmann, the developer, offers a free e-Book and newsletter with ideas that could help you earn more profits in your trades.
2. TheoChat Live Trading Room
After the theoretical lessons on trading, TheoTrade now provides you with a live trading room that teaches traders the practical tenets of trading. All this will be offered on a real-time basis, and you'll get the rare opportunity to trade alongside Kaufmann, the developer himself.
In addition to that, the live trading room will allow you to interact with other members of TotalTheo Community and other instructors in charge of the platform. Here, you will get valuable tips and ideas on how to become a better trader and share you can also share yours too.
Another thing worth mentioning is that once you become a member of the live trading room, you will get full access to the program's shared indicators, charts and trade tracker.
Lastly, the program also hosts live events to allow you to learn from the pros through live networking.
Don also invites you to join his tutorials, where he gives you in-depth insight into the market. Since he has been a trader for over two decades, he shares with you the different aspects of the stock and options market.
He shares with you what he has done to remain a successful trader all this time and what you can do to emulate his success.
4. TheoNight Daily Reports- Premium Video Newsletter
Here, you will get nightly video market updates to tell you how the markets are doing and know what to expect the following day. The videos may be short, lasting about ten minutes, but you cannot underestimate their importance.
All you will need to do is listen for a few minutes, and you can identify which areas need improving for you to become a better trader.
5. Buy/Sell Alerts
Once you subscribe to this program, you will be entitled to weekly alerts advising you whether you can buy or sell your stocks.
Keep in mind that the alerts are quite a few, only one or two in a week, but they could be the difference between being a successful trader and a failure.
6. The Rebel's Guide to Trading Options
If you are an aspiring options trader, you will find this eBook to be quite appealing. It covers all the relevant topics in the field in great detail so that nothing is left out. Some of the lessons you'll learn are how to make profits in an unpredictable market and how to protect your investments.
The best thing about this book is that it comes absolutely free.
7. Daily Video Newsletter
There is no harm in getting extra information about the market, and it may give you an edge over other traders.
So, you can sign up for the TheoVideo market newsletter to get daily insights into the market, and the information you get could help you plan for your next move as you trade.
8. TheoTrade Blog
This is the space where Don and other members of his team get to air their opinions on different matters affecting the market. It could be about the bullish pattern in the options market or the market risk factors that could affect your earnings.
Whichever the case, there's always something you can learn from this blog.
9. Free Resources
Besides Rebel's Guide to Options Trading, there are other free educational contents that could help you improve your trading skills.
These resources include:
- 83 stocks to trading weekly options
- TD Ameritrade
What else could you ask for other than accessing educational content to help you become a better trader at no cost at all?
The Pricing and Refund Policy
When you look at all the services this program offers, $99 per month seems fair pricing. You will get over four hours of daily open coaching from different instructors running the program with this amount.
Each teacher pays particular focus to a specific subject, including futures and options trading.
And since the classes are live, you have the opportunity to ask questions and get the necessary clarifications that you may want.
However, the refund policy may not be everyone's cup of tea, and we shall tell you why. If you purchase only one class from the many on offer, the company offers you a 365-day refund period.
However, if you acquire the entire membership, including the coaching sessions and classes, you won't be entitled to any refund.
Who Is the Program Most Suited for?
This program is designed for traders of all levels of skill, and it aims to help them become better traders. So, whether you are a beginner, intermediate or established trader, you can make use of the educational resources that this program packs.
We insist that no matter how long you have been a trader, there is always something new to learn, and when you do, you can expect an improvement in your trading. And when you become a better investor, you will end up making more profits.
Pros and Cons
Now that we have checked out all the features that make up this program, it is easy to point out the benefits that it carries. However, it has its fair share of drawbacks.
Let's state these factors below in brief.
From what we have gathered, TheoTrade is a trading education platform that is designed to help you become a better trader, regardless of your experience in the market. If the developers' claims are valid, the content presented here is sure to take your trading prowess to the next level.
As a general reminder, though, you should never blindly believe everything that random creators out there have to say. Some of them are just there to ‘feast’ on your hard-earned money.
That being said, by looking at TheoTrade's contents, we believe you can gain a lot from it. You only need to be patient and ready to put in the work.
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