Is Investors underground a scam?
Investor Under Ground An Extensive Review
Product Name: Investors Underground
Owner: Nathan Michaud
Industry: Day trading
Price: Monthly subscription of $197 for Standard and $297 for Elite
It is likely that you heard about Investors Underground from an online forum and you are here to find out if it is legit or scam.
It is now important to know if a product or service you want to invest in a scam or not. You are doing the thing because I have seen a lot of people lose a lot of money to a product and service they didn’t do enough research about.
As of today, Investors Underground is considered one of the most popular day trading chat rooms with a lot of dedicated user base. However, note that having a large number of users doesn’t mean that a program is legit.
As an experienced trader, I have seen trading bots and live chat rooms with huge user base defraud the members. However, this also doesn’t mean that Investors Underground is a scam.
In this article, you will find out everything you need to know about Investors Underground so you can better be informed before joining them. Keep on reading if you want to find out the most relevant facts about it.
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What is Investors Underground?
Like I explained above, Investors Underground is a day trading chat rooms that offer educational materials and a community of experienced trader to allow traders to learn how to trade and trade successfully. You can also call it a professional stock market chat room service.
Hats off to Investors Underground, they started in 2008 and have been online since then. Since then, the chat room has grown from just a few people to a community of both new and experienced traders. There are literally thousands of people in the chat room.
Investors Underground was the first chat room I was actually learning something, and not just chasing breakouts and following alerts like the few small-cap chat rooms I’ve been in before. Because Nathan does tell you briefly about his thinking and plan.
Here’s a video on Investors Underground.
Investors Underground is similar to other trading platforms such as:
As a member of Investors Underground, you will be provided with nightly detailed watch list you can use in trading the next day. However, this stock list usually narrows down 30 minutes before the market opens.
Also as a member of Investors Underground, you will get real-time trading alerts during market hours and whenever the opportunity arises in the marketplace.
It’s very important you understand, follow the alerts so you can make a consistent profit. If not, you will be blowing out your trading account fast.
Investors Underground has several moderators. Some of these moderators include:
…..And many more.
Who Created Investors Underground?
Investors Underground was created by one of the moderators, Nathan Michaud. He is the founder of Investor Underground and one of the most highly regarded penny stock traders with a remarkable 10-year track record.
Nathan is predominantly a trend trader. Trend trading is basically throwing out testers with small size, sell on pops, add on dips when the stock starts trending in the direction you are thinking.
But this style of trading only works if you have a bigger account that allows you to scale into trades. And if you are Americans and are under PDT, you can only trade three times a day.
Before creating Investors Underground, Nathan was a well-known trading guru at Profit.ly. In fact, this guy was already at the peak of his trading career before he joined Profit.ly and this is what set him apart from other traders then.
He was so popular than at Profit.ly that people joined the platform just to get a chance to learn from him.
Unfortunately, Nathan had problems with Timothy Sykes – the owner of Profit.ly which made him quit the platform and founded his own which he named “Investors Underground”.
How Does Investors Underground Works?
Investors Underground is a Subscription-based chat room for day traders. It comes with a number of features. You will get access to these features based on your level of subscription.
When I first started, I did what most beginners did and I thought the way to learn day trading was to follow chat room alerts and buy DVDs. Which I did. I spent thousands on DVDs and chat-room courses.
Their DVD’s offer legit information, good set up, and patterns, but I do think they were outdated from a couple of years ago.
The higher your subscription, the more features that will be available to you. The platform comes with different chat rooms, tons of educational resources, as well as trade alerts.
The chat rooms include:
Swing Trading Chat Room
Momentum Chat Room – This chat room is very popular and has very strict rules
OTC Chat Room – Usually dull.
Usually, there are about 500-1000 people on average during market hours in these chat rooms. Therefore, their chat room is really noisy because there are thousands of people in the room. About 20% of them are newbies with no experience of trading.
When I was in there as a beginner, I felt like I really lost among all the noise in the chat room.
One of the benefits of being a member of this chat room is that you will have an opportunity to learn from Nathan and other top traders like Eric Wood, Cam B, Grittani, Emil, OzarkTrades, and many other highly experienced traders.
However, I didn’t like Nathan using a lot of slang words that many beginner traders don’t understand. So, his trades were very hard to follow if you are a newbie.
The moderators in the room were not friendly to beginner questions at all and they just tell you to go and watch the videos in their library and learn how to do the trades.
In my opinion, they lack beginner guidance and especially clarity and breakdown with the trade alerts.
Other features of Investors Underground include education resources such as video lessons, courses on Day Trading, Watch List for Stocks, and Webinars on Stock Trading.
Here’s a video on their latest stocks watch list.
Let’s Take a Look at the Pros Vs. Cons of Investors Underground
- Learn to trade from experienced traders
- Profits verified by broker
- Get alerts for profitable trades
- Video lessons from the past to catch up
- Daily watch lists
- Good daily scans
- Professional DVDs with hours of instruction to help explain their methodology
- Good news updates
- You will get value for your money
- They provide good customer support
- No free trial
- An overwhelming amount of information
- Lots of unusual trader jargon
- No screen sharing
Who is it for?
Investors Underground is for anyone that is interested in learning day trading and willing to take a risk. The chat room is suitable for traders who are already intermediate or advance level.
Nathan Michaud, the founder of Investors Underground chat room, offers many great day trades and swing trade ideas and set up on small caps penny stocks, and large caps stocks alike.
As I have mentioned before, Nathan is a great trend trader. Therefore, his style of trading is more suitable for traders with a bigger account.
If you are a person who likes trading huge moves and learning about catalyst and trading psychology, Investors Underground might not for you.
Because they won’t give you a technical approach to analyzing new catalysts and how to get into each trade with the proper risk and reward.
In short, I think Investors Underground is great for experienced traders who can react to different ideas themselves and love trend trading.
Reports by Its Users- Are They Really as Good as They Say They Are?
So we’ve discussed all the good and bad thing about Investor Underground now it’s time to discuss the complaints against Investors Underground. Let’s take a look below.
No BBB Profile
At the time of this review, Investors Underground is not yet listed with the Better Business Bureau. So this may be a deal-breaker for those of you that rely on these BBB rating to determine legitimacy.
Sharp Learning Curve
There’s definitely learning curve. Let’s take a look at the screenshot below.
It depends on your inherent market savvy, knowledge and your trading plan. It also depends on how disciplined you are and how much emotion control you have, the condition and type of market you enter and a lot more.
All in all, it depends on what you consider profitable, how much money you are working with and how much you need to make.
To become a profitable trader, it usually takes 6 months to 3 years. Definitely, you need to know yourself before you enter this game.
Problem With Payment
Some users have claimed they have problems with payment. This could be an anomaly or maybe there were some technical issues. See the screenshot below.
Is Investors Underground a Scam?
It is difficult to believe that someone that makes six figures per year from trading will want to sell out his strategy. To be honest, I doubted the legitimacy of Investors Underground too.
However, after making my research, I was convinced that Investors Underground is not a scam. In fact, you are likely to meet a lot of experienced and reputable traders in their chat room.
However, note that this platform is not where to make easy money. You will need to learn to trade from experienced traders here and make use of training resources provided to have a chance of making money from your trading.
Most people are losing money with day trading, learn how to build a real business here.
My Final Verdict On Investors Underground
Day trading is not easy. Don’t let anyone let you believe otherwise. There is no magic pill to make money from trading. However, with chat rooms such as Investors Underground, you can improve your chances of having successful trades.
Like I pointed out above, you will need to learn how to trade and make use of information provided on this platform if you really want to be successful in day trading.
The program will help you get on, and stay on the correct path. You will want to practice your own strategies of building and testing your own trading plan.
At last, your day trading success or failure is depending on how much the work you put in to make it happens.
Affiliate Marketing is A Much Better Way to Make Money Online
Just imagine if the odds are against you and finding yourself losing money more than you could afford. That simply means your income is gone.
However, it’s a totally different story in affiliate marketing. Affiliate marketing is by far my top recommended way of making money online.
The startup cost for affiliate marketing is much more cost-efficient compared to day trading.
In affiliate marketing, you can build websites in any niches you want and promote any products you like. Unlike day trading where you could lose money if you don’t make the cut.
You will want to do trading at least 5000 times, to become an experienced trader. From my experience, it is harder than to be eaten by a shark or struck by lightning to make a killing trade.
On the other hand, if you are running affiliate business, even all the hell strike you at once, you can still make money for 24/7.
Hopefully, you enjoyed this Investors Underground review. If you have any questions or feedback, if you think I missed anything let me know in the comment section below.
Thanks for reading and I’ll see you next time.