A key factor when creating an online day trading platform is to have the right team leading it. Luckily, Investors Underground has a group of talented traders and moderators led by its founder, Nathan Michaud.
This platform provides multiple trading resources every day so that every user can make a successful trade. Once you subscribe, you will gain access to watch lists, video lessons, and three fully-moderated chat rooms.
Most of these services are yours to use if you pay $197 per month. In addition, this platform is a fantastic place to gain more knowledge about trading business. A variety of traders and experts participate every day, including the founder himself.
If you are interested in day trading, then Investors Underground is the right place for you. It doesn’t matter if you are a beginner or an already established trader in your own right. The platform is there to help users pick the right stocks and see real-time alerts.
However, before you pick your subscription, you have to research the platform properly. We have written a comprehensive Investors Underground review that will guide you in the right direction.
Once you become a subscriber, you will need to access your user dashboard. There, you can pick what you want to do. You could watch the video lessons, access watch lists, or participate in the chat rooms.
Investors Underground aims to provide you with a variety of services. In addition, you will also get advice from many day traders that are also members of this platform. To make this Investors Underground review worth your time, here are some of the most important services they offer:
This is where the action happens. The day trading chat rooms are your best scanning tool because they have more than 1,000 members. Furthermore, by participating, you will be getting advice and instructions from trading experts.
You can choose between three chat rooms: Momentum, Swing, and OTC. The Momentum Chat Room is a favorite for most users, while the OTC is the least active one.
Every morning, you will get access to the daily stock watch list. That list can help you make a better choice when it comes to certain stocks, although you are free to make your own judgments. In addition, the list also offers details about stocks that you should be paying attention to.
Even if you think that you know everything about day trading, it never hurts to learn some more. Therefore, you can always use the video lessons in the library to research trade even further. These are original videos made by the founder and other members. They will help you learn more about current trading issues and the future of stock exchange. Every week, they release two or three new videos.
You don’t have to procrastinate after the markets close. Investors Underground also offers different courses that can help you enhance your trading skills. For example, there are courses about money management, brokers, and different chart patterns. Usually, they are e-courses, and some of them are blogs or in other A/V media format.
Out of the three chat rooms, the Momentum one is the one where most users spend their time. It consistently has many traders online, unlike OTC, which is generally empty. You might think that this is some glitch on the platform, but OTC chat room is usually empty because the OTC market is not currently active.
The Momentum chat room looks similar to other online trading platforms. In the top row ribbon, you will find your inbox, chat log review, settings, and sound options.
On your left side, there is a user list that shows the moderators who are currently online. In addition, the list also shows other online users. On average, about 600 members are using this chat room at any given moment.
The main idea behind the real-time trade timeline is the analysis. Both types of users can work together, spot trends, and discuss different strategies. Moderators and members have different views about certain stocks, so this is a good way of finding out what they think.
However, the chat stream is fast-paced, and if you are not careful, you can easily miss something.
Before subscribing to a trading platform, it is crucial to research the people that stand behind it. After all, they have to be well-known experts with high levels of experience. Otherwise, what are you paying the fee for?
For our Investors Underground review, we have carefully researched the members. Here are the two most important members that keep the IU running:
Nathan founded IU in 2008. He has over ten years of experience under his belt, and he has traded both on Nasdaq and OTC. While creating Investors Underground, he wanted to establish a platform which he could use as well.
He is Stock Trading Chat Room’s main moderator. In addition, he also created the two DVD courses users can obtain: Textbook Trading and Tandem Trader.
However unlikely it may seem, Cam B was a subscriber first, and member of the staff later. He started using this platform back in 2010, and after some time, Nathan Michaud hired him. Now, he takes care of overall operations. Furthermore, he is also creating educational content, and live-trading in the chat rooms.
This team also has ten additional members who all have an investing background. Their experiences speak for themselves, so you can rest assured knowing you are in good hands.
We wanted you to see how many resources this platform includes. Therefore, we decided to add them to our Investors Underground review.
There are many of them you can use to gain more knowledge about day trading and strategies. In addition, all of them hold valuable information which you will be able to use in the future as well.
Nathan Michaud posts daily scans and his commentary about trading actions. However, even if you miss some of them, you can easily find them in the archives. Every member has access to them, and you will be surprised how much you can learn from older scans.
These scans are worth researching because of Nathan’s personal thoughts. Usually, he gives additional information about day trading, but sometimes he also discusses broader trends as well.
He doesn’t beat around the bush while discussing different trades, which is something most users can appreciate. The scans are not boring and long – he gets his point across in the simplest way possible. The main purpose of these scans is to wrap up the trading day so that all members can see what they have accomplished.
There are two DVD courses which members gain access to when they subscribe. The Textbook Trader has eleven chapters, and it’s mainly for beginners. Tandem Trader provides you with ten chapters, and it is for advanced traders who want to learn more about strategies and practical techniques.
Furthermore, members can access the video library and watch traditional lessons.
Regularly hosted by Nathan Michaud and other moderators, there is a new webinar every week.
If you need to find a specific webinar, then you can look for the topic in the search bar. Moreover, if you want a webinar by a specific host, you can sort them by their names: Emil, Nate or Cody.
However, if you don’t have the time to watch every webinar, you don’t have to worry about it. Every webinar is archived after its initial live viewing, and you can access it anytime you want. And, if you happen to drop in, there are Q&A sessions where users can ask specific questions about different topics they are interested in.
Sometimes life gets in the way, and you cannot follow the chat timeline properly. If that happens, then you can easily access the archives and catch up on anything that you might have missed. In the top bar, you will find a counterclockwise circle. When you click it, it will show you the whole transcript.
There are two subscription packages available: Elite and Standard.
While investigating for our Investors Underground review, we delved further into Elite payment plans. There is a one month, three months and a yearly plan.
If you are new to IU and trading, we wouldn’t suggest picking out the yearly plan. You can choose the one-month subscription plan first, and upgrade when you learn more about the platform.
The Standard subscription doesn’t have the same options as the Elite one, but it is an excellent choice for new members. You will get access to chat rooms, watch lists and some interactive webinars. Even though there are certain limitations, it is still worth the money and the subscription will certainly pay off in the future.
Sometimes it’s difficult to differentiate between moderators and members in the chat room. However, you can easily check their names in the user list. After some time, you will know all the names by heart.
The Elite Subscription is expensive, and we would recommend it to novices that have the time to commit to day trading. Furthermore, there is also the Standard Subscription that most users can afford, allowing them to participate in the majority of IU activities.
Even when there are certain limitations, you can always upgrade your account and get access to even more resources. Not only will you not waste your money, but you will certainly learn how to gain it back as well.
Unreal right! best DVD i've ever seen
— ObamaTrades (@OrionRodgers) January 25, 2018
wow.. chat is incredible.. warnings, news, etc…. everything on point… major props @InvestorsLive
— Gateway Tone (@GatewayTone) November 22, 2017
— MasterRoshi (@Jordansamari3) June 26, 2017