Rating
3.7

Introduction

Founded by industry veterans Stephen Kalayjian and Joseph Murphy, the concept of Ticker Tocker first came to inception when the duo realized that the trading industry needed a disruptive shift.



Do the words Ticker Tocker ring a bell? If you’re more into social media, chances are that you know about the newest sensation, Tick Tock, all to well. But did you know that the world of trading and investing also has its own Tick Tock but with an “er” at the end?

It’s simply described as an education and research platform for investors. And just like its namesake, it provides you with an opportunity to follow and be followed.

That is, you can follow leaders, track their trades and copy them. Or you can become a leader and have investors follow you.

But just how effective is this system? Our unbiased review reveals the good and not-so-good sides of this platform.

What Is Ticker Tocker? An Overview

Founded in 2007, Ticker Tocker is an intuitive platform that enables traders and gurus to meet, socialize, and trade. Stephen Kalyjian is the guru behind this relatively successful system.

Stephen claims to have more than 3 decades of experience in trading stocks, forex, and futures. In fact, he is believed to have commenced his career at the American Stock Exchange in the 80s.

He is one of the leaders who trade on Ticker Tocker. But he’s not the only one. Since this is a social trading platform, many other leaders have come up each one building their follower base over time.

One of his website’s claims that he makes over $250,000 a year. However, there’s no way to independently verify his net worth for now.

How It Works

If you’re an investor (or an upcoming one for that matter), you might need to join this platform to learn and get trading insights. As you know, it’s pretty difficult getting hold of the world’s best traders. And, therefore, Ticker Tocker provides you with the opportunity to do so.

Also, the site has a built-in system that enables you to fully automate your trading experience. This can be done through the Strategies Editor which is a tool we wish was a little more intuitive.

Plus, the platform provides you with direct access to a handful of brokers namely:

  • TD Ameritrade
  • Fidelity
  • E*Trade

We think that the autotrading feature on this service is quite well-thought-out. It can work quite well especially if you already have a strategy in place and all you need to do is deploy it.

Is the Platform Legit?

We’re confident that Ticker Tocker is legit. It’s owner, Stephen, is a well-known person out here. The company has been around for a few decades now and so far, so good.

There are no redflags. The company seems to be doing everything in its means to give their consumers value for their money.

However, there are those who feel that the platform’s services are overpriced.

Key Features of Ticker Tocker

The platform itself is vibrant and full of life. But if we were to zero-in on one or two features that we really love about it, those would have to be:

1. Channels

This is an easy way for you to gather trading intel in real time. The channels feature of this platform contains live videos complete with actionable trading suggestions.

What’s more, you can use the feature to see your favorite trades open and close trades. This is all made relatively easy through the existence of a color-coded chat feature.

2. Educational Courses

If you’re a beginner, your best bet is to learn as much as possible. That’s the only way to be independent and take full control of every move you make.

So, indeed, a cool beginner-feature on Ticker Tocker has to be their built-in educational courses.

Stephen himself is such an incredible tutor. He’s down-to-earth and gets down to the finest details when educating everyone including newbies.

3. Automated Trading

Although this service is only compatible with a handful of brokers, we happen to think it can come in handy if you’re looking for a hands-off way to investing. This makes perfect sense especially if you have a busy and demanding career and can barely find the time to watch the charts or keep up with the latest market data.

Thanks to Ticker Tocker’s built-in AI systems, you get the opportunity to use artificial intelligence to conquer the markets.

5. The Leaders

As a beginner, the best thing to do is follow one of the leaders on this platform to learn from them. Stephen Kalayjian, Jeff Wecker, and Scotty Tucker Jr, are currently the most popular leaders on the system.

All you’ll need to do is pick a leader who you’re interested in following. As you know, different traders have different styles of trading.

A major downside of the Tick Tocker’s leaders’ program is that some leaders do charge a fee to be followed.

This can be quite frustrating since you have to pay a mandatory subscription fee just to join the platform. That sound like double-taxation to us.

6. The Newsletters

We absolutely love the newsletters. And even though they are not as popular as the one Motley Fool publishes, they’re still quite resourceful for folks who simply want a bird’s eye view of the markets.

The newsletters combine text and video content detailing both fundamental and technical analyses through the eyes of the site’s most successful leaders.

7. Strategies Editor

This is indeed a unique feature right here. It’s almost similar to the one provided by ThinkorSwim.

It’s a drag-and-drop system which enables you to create your own trading strategy and load your favorite indicators. And the best thing is that you don’t need any coding skills whatsoever to do all this.

What’s more, once you have a strategy up and running, you can test the waters first through backtesting. This goes a long way in shielding you from the potential losses one can make in the live markets using an unproven strategy.

8. Customizable Charts

It’s rare to come across good charting tools out there. Fortunately, the designers at Ticker Tocker have come up with some really well-made charting tools.

You can conveniently build some custom chart layouts, load your favorite indicators and even draw projections with ease.

Also, it’s quite easy to compare two stocks at once. Plus, you can even choose the stocks to compare so that you have them from the same industry on a single chart.

Small qualms with the otherwise well-made charts would be that they tend to get overcrowded once you load several indicators on them. So, your best bet is to work with the fewest indicators possible for you to keep the charts looking clean and easy to analyze.

9. Getting Funded

Once you join the Tocker family, you’ll fall within the radar of a network of partners who are always looking for active traders to fund. However, there’s a performance evaluation criterion in place which requires you to learn the ropes and maintain a consistent trading trackrecord.

Pricing

For a tidy sum of $160 you’ll be able to secure a monthly subscription of Tocker but only as an investor. Remember that you’ll still need to part with a few more bucks to get extra intel from the leaders.

At the same time, if you ever want to become a leader i.e. if you’d like to start offering content on the platform, you’ll need to part with $200 per month.

In our view, while the platform is easy to enroll for, keeping up with the monthly subscription costs might prove overwhelming. Remember, trading is never a get-rich-quick thing.

With that in mind, we feel that it makes no sense to charge such hefty fees especially to beginners. Indeed, cheaper and probably better services exist.

Is Ticker Tocker Good for You?

The platform is made for a wide range of trading styles. Therefore, it can accommodate people of all walks of life from beginners to seasoned investors looking to setup new trading strategies.

However, we feel that the layout of the platform in general makes it quite confusing. As such, it probably would only work best for anyone who has the time to develop a complex trading strategy.

If you’re looking for a plug-and-play system, this isn’t it. Typically, beginners who sign up for Ticker Tocker have a difficult time learning the ropes or keeping up with the “leaders.”

And since most of the leaders are busy people, they barely have the time to explain the inspiration behind their custom indicators.

In fact, it’s quite common to come across leaders whose charts are clogged up with indicators to an extent that reading them proves quite complicated.

That said, if you’re willing to invest a significant amount of your time learning all the basics of Ticker Tocker, chances are that you can still benefit from it.

Pros

  • Fresh educational content and live videos
  • The strategy editor is quite easy to use (drag-and-drop)
  • Handy backtesting tool can help minimize losses
  • Auto-trading provided via specified major brokerages

Cons

  • Has a steep learning curve for beginners
  • Some of its features could have been more intuitive
  • Their monthly subscription costs are way too stiff

Final Thoughts

The idea behind Ticker Tocker is great. Social trading is one of the most effective ways to learn trading in this day and age. However, we feel that the platform can do with a bit of a facelift. Also, the subscription cost is too high for small investors.