Online trading platforms have been bringing in a new generation of investors—the retail investor. Bank-run brokerage firms are a thing of the past. However, the difficulty lies in one fact: the number of online trading platforms is rising almost as quickly as the number of traders. It can be overwhelming to decide where or how to start. But we do have a suggestion and this Real Life Trading review will help you discern if it’s the right option for you.
A Real-Life Trading Description
Real Life Trading is a trading education and community platform that aims to help traders around the world improve their skills and make better investment decisions.
Founded in 2014 by Jerremy Newsome, Real Life Trading offers a range of resources and tools, including online courses, live trading rooms, and private coaching sessions, to help traders of all levels achieve their goals.
Real Life Trading aims to provide an all-inclusive platform that benefits traders of all experience levels.
Real Life Trading Review: Best Features
Real Life Trading offers a plethora of features that make it an attractive platform. But for the sake of space, we’re only going to highlight our favorites.
One of the standout features of Real Life Trading is its community of traders—perhaps rivaling Seeking Alpha for the “largest investing community in the world.”
Members of Real Life Trading have access to a private Facebook group where they can connect with other traders, share insights, and get feedback from experienced professionals.
This community aspect is vital for traders who are looking to improve their skills and stay up-to-date with the latest trends and developments in the market.
Emphasis on Education
In addition to the community aspect, Real Life Trading offers a range of educational resources and tools to help traders of all levels improve their skills. The platform offers online courses covering everything from basic trading concepts to advanced strategies and techniques.
These courses are taught by experienced traders and educators, and they are designed to be accessible and engaging for traders at all levels.
Here’s the best part: as of writing, Real Life Trading currently offers six online courses for free.
Live Trading Rooms
Real Life Trading also offers live trading rooms where traders can watch and learn from experienced professionals as they make trades in real time–a sort of stock chat room within the platform.
These trading rooms are a great way for traders to see how professionals analyze and interpret market data. And they can be an excellent source of inspiration and motivation for those who are just starting.
Gets Your Head in the Game
Napoleon Hill said, “Whatever the mind can conceive and believe, it can achieve.” What differentiates RLT from other platforms is its focus on mindset and psychology.
Trading is not just about technical analysis and data interpretation; it also requires a strong mindset and the ability to manage emotions and make rational decisions.
Real Life Trading offers resources and tools to help traders develop the right mindset and approach to trading, which can be just as important as technical skills.
Overall, Real Life Trading is an excellent platform for traders who are looking to improve their skills and connect with a supportive community of like-minded professionals.
The platform offers a range of resources and tools that are designed to be accessible and engaging for traders at all levels. And the community aspect is a huge plus.
Not So Fast
That being said, there are a few potential drawbacks to Real Life Trading that are worth considering.
For one, the platform can be quite expensive, especially if you opt for private coaching sessions or advanced courses. RLT currently offers two plans:
- Free: The free service comes with the aforementioned six free classes. It is best suited for new traders who want to get the basics down.
- Paid: The paid subscription offers advanced features such as a 90-day to Trade Masterclass and mentorship from five professional traders.
While the cost may be worth it for traders who are serious about improving their skills and achieving their goals, it may be prohibitive for those who are just starting or who are on a tight budget.
Not for Everyone
Another potential downside is that Real Life Trading may not be suitable for all trading styles or markets.
The platform focuses primarily on day trading and swing trading in the US stock market, which may not be of interest to traders who are looking to trade in other markets or who prefer longer-term investment strategies.
While Real Life Trading does offer some resources and tools for other markets, such as forex and options trading, these are not its main focus.
Finally, it’s worth noting that trading is inherently risky and no amount of education or community support can guarantee success. This is, however, true of all trading platforms, not just RLT.
While Real Life Trading offers a range of resources and tools to help traders improve their skills and make better investment decisions, there is always a risk of loss involved in trading.
Traders should approach the market with caution and always be prepared to manage risk appropriately.
The Bottom Line
Real Life Trading is an excellent platform for traders who are looking to improve their skills and connect with a supportive community of like-minded professionals. Click here to get started today.