There are a lot of programs out there that sell some sort of “system” to help you trade better and Rich Lazy Trader or as they call it, New Rich Lazy Trader is one of them.
You’re probably here to find out if it’s a scam since there are so many trading system scams these days.
Well you’ve come to the right place and I’ll share with you everything I know about the New Rich Lazy Trader. I’m not affiliated with them in any way so you won’t find an affiliate link for the program either.
What is Rich Lazy Trader?
Rich Lazy Trader or New Rich Lazy Trader is basically a system that tells you when to make trades so that you’ll make a profit.
This program has now been renamed to New Rich Lazy Trader and it seems that they’ve been around for awhile. The first thing that you’ll notice though when you go on to their website is that it looks rather dodgy.
The guy behind Rich Lazy Trader is a guy called John Campbell and he has a lot of other trading systems like 5 minute trades. You can find all his other programs on the bottom of the home page.
What do you get with the New Rich Lazy Trader?
The main product of New Rich Lazy Trader is their trading guide. Refer to the picture above for an example.
The green indicator means that you should buy and the red indicator means that you should sell. They call it the TCCI ( trade conirmation and close indicator ).
You also get a 25 page trading guide for beginners, and email support from John himself.
How much does New rich lazy trader cost?
The price of New Rich Lazy Trader is a one off payment of £79.00.
The good news is that you get a 7 day money back guarantee.
Now, there is a bit of a confusion with the vendors here.
From my research, there are other reviews or websites out there that says that the Rich Lazy Trader’s vendor is ClickBank. We all know that ClickBank is pretty reputable and their products come with a 60 days money back guarantee.
This is probably the case for the old Rich Lazy Trader and the New Rich Lazy Trader does not use ClickBank as their vendor anymore.
When I checked their website on the 13th of September 2017, it says the vendor is click2sell. I’ve never heard of them though but when I tried clicking on the purchase button the vendor is indeed click2sell.
New Rich Lazy Trader also recommends that you start trading with at least $1000 or $200 if you plan on doing micro trades.
I did a little bit more research and this is what I’ve found.
I’ve done a whois check on the rich lazy trader domain and the person behind it is indeed someone named John Campbell. Do keep in mind that I do not know who this person is at this point and had no luck searching up his information online.
However the website has been registered since 2010 which explains the old reviews of Rich Lazy Trader.
Time for the most important question – Is Rich Lazy Trader a scam?
A common tactic for trading system scams is that they use an unlicensed broker. This way even if they run away with your money there really is nothing you can do.
The good news is that the Rich Lazy Trader uses a regulated broker called AvaTrade which is regulated in regions like the EU and Australia.
This means that they won’t run away with your money at least.
Can you really make money with New Rich Lazy Trader Then?
With everything else being legit, it kinda boils down to the software.
What can the software do and will it actually help you make better trades?
See my problem is that no one really talks about the software or how it works. The only info I’ve got is the indicators. Not even their affiliates talk about them.
Well, I guess the bright side is that there aren’t any claims of 100% win rates or something like other scams out there.
So here’s my 2 cents.
If you’re really interested in trading as a means to make money, learn how to do it yourself. I personally won’t rely on a software telling me how to do things unless I understand what’s going on.
This way I can do sort of a quick reality check to see if the software is right or wrong. Sadly I’m no trading expert so I can’t tell you much about the benefits of the Lazy Rich Trader software.
Do you want to know how I make my money online?
I’m not saying that trading is a bad method or anything because it is a 100% legit way of making money if you know what you’re doing.
For me though, I don’t really have the $1000 needed to start trading so instead I go for a cheaper way of making money – blogging and affiliate marketing.
If you want to know in detail how I make money online check out Wealthy Affiliate. This is the program that helped jump start my online money making journey.
The best part is that it’s free for you to try out !
The way that it works is that they teach you how to create your own blog, like the blog that you’re reading right now. They also give you 2 blogs for free ( they normally cost money ).
You then write posts for your blog and try to have them ranked on Google. When that happens your blog will start to get visitors.
After that you can monetize your blog with affiliate links to start making money !
It sounds simple but it does take time which can’t really be helped since I don’t have the money to buy ads or something.
Anyway, do let me know in the comments below if you have any experience with the New Rich Lazy Trader of trading in general.