Bosstraders Review: is it Legit? - Topedgefx.com

Bosstraders Review: is it Legit?

Welcome to BossTraders review. BossTraders.com is a trading education service that offers managed accounts and signal alerts too.

The owner, Trevor James, is primarily trading Forex, Futures and Equities while also claiming to be a professional trader.

He also runs T. James and Co which is a proprietary trading firm based in Atlanta proclaiming to trade Equities, Futures, Options, Commodities, and Foreign Exchange with their own funds.

Note: For one to be considered a professional trader, they must trade on a full time basis and for a living. They must have reliable and proven tools for trading such as these recommendations here.

According to the website of Boss Traders, students will be helped to become sophisticated and contently profitable traders.

For that reason, BossTraders is offering two signal packs at a monthly subscription cost of $49 or $100.

Additionally, Trevor Jame’s managed account is allegedly generating profits of between $1500 and $5,000 respectively.

I don’t know under what assumptions or parameters these figures are based on.

Therefore, in this BossTraders review, I will let you know whether or not this investing service is viable.

BossTraders review

Boss Traders is located in Atlanta Georgia.

Apart from trading signals and managed accounts, Mr Trevor James of Boss Trader also charges for trading education.

A Forex trading course on the BossTraders website goes for $249. What exactly does this course consist of?

It consists of the following:

  • Candlestick patterns
  • Technical analysis
  • Fibonacci Trading
  • Capital management
  • Using Trading orders and MT4 installation basics

That’s all that this Forex course is offering. However, many people still don’t know that these things can be found free of charge on the internet.

A simple Google search will reveal a lot of trading resources from where all the content of this Forex trading course was curated.

The second course offered by BossTraders is a stock investing course.

It consists of the following:

  • How to build a portfolio
  • How to find great companies
  • Technical and fundamental analysis
  • Setting up a brokerage account
  • How to analyze stocks like a professional

Basically, that’s it. The cost of this stock investing course is $249. What Boss Traders does not tell you is that all of this content is offered for free online.

Finally, BossTrader is offering an options trading course. Content include:

  • Introduction
  • 3 uses of options in a portfolio
  • Risks that should be avoided
  • How to place an option order
  • Advanced options trading strategy
  • Mistakes that beginners make.

This course goes for $249.

Boss Traders Review: the signals and strategy

Marketing materials on the BossTraders website claims that their traders are continuously scanning the markets for high probability trade setups.

They focus on higher timeframes like 4 hours, daily and weekly.

This indicates that they are swing traders. Boss Traders believes that they have an edge.

The edge is in their technical analysis and pattern recognition.

They tell the community that trades are based on favorite risk reward ratios and that they trade 10 most stable currency pairs.

They use stops and signals are sent via Telegram and email.

Based on the explanation, we can’t find key details of BossTraders’ strategy or trading methodology.

Obviously their explanation is general in nature. We observed a similar trend when reviewing Trading Academy, TradeSight, iTradeAims and Apex Investing.

BossTraders Review: trading results

There are no trading results. The entire sales page is all about providing education and trading services like signals and managed accounts.

Verifiable trading performance is the only indicator that students and investors use when looking for the viability of a service.

Mr. Trevor James does not have a track record of successful trading,

Not even a myfxbook account has been opened in his name. Even if he opens one now, it will take at least 6 months of trading to gauge his level of prowess.

Conclusion

While BossTraders comes across as a professional website and trading education service, their lack of providing trading results is their latest undoing.

This creates the impression that Trevor James is actually not a full time professional trader.

It makes us believe that he is actually an internet marketer with a knack in trading and marketing.

That does not necessarily make him a consistently profitable trader that he wants to turn you into.

Thanks for reading our BossTraders review.

3 Comments

  1. Horst June 8, 2020
  2. Markus August 7, 2020
  3. Tibor November 6, 2020

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