The Wizetrade software is a tool created by George Thompson and GlobalTec Solutions. Wizetrade is a complete stock training program. Wizetrade makes an effort to simplify stock trading with their patented red light green light analysis of stocks in the market.
Wizetrade also advertises the ability to: review a number of stocks at once, locate active stocks, execute stock projections, report buy and sell points for stocks, and provide support. GlobalTec Solutions advertises Wizetrade software through late night infomercials and at local hotel seminars. Throughout their promotion of the software they make a lot of claims that are hard to factually support.
At the first Wizetrade seminar representatives reassure potential traders that Wizetrade's system is near foolproof and that they're on their way to financial freedom. The Wizetrade scam convinced me that purchasing stocks based on their systems calculated estimations is clear and simple. They claim that the program will separate “positive stock” from “loosing stock” yet when I did my research I discovered some disconcerting facts.
I have spoken to many experienced traders and they have told me that when they tracked the projections of the Wize trade software they were almost identical to charts of Moving Averages. The issue is that there is a plethora of resources that will provide free and up to date data on moving averages while Wizetrade charges almost three grand.
The sad thing is that Wizetrade provides a false sense of security to new traders. Many aren’t experienced enough to know when it’s not smart to follow the green light indicators. I haven’t spoken to one serious trader that relies on the type of software Wizetrade sells to manage a successful portfolio.
There have also been a slew of negative Wizetrade reviews posted by past customers throughout various stock trading websites. Allegations range from withholding refunds to accusing Wizetrade of using their employees to provide fake positive reviews of the Wizetrade software.
In general many feel that the whole thing is a Wizetrade scam because they entice inexperienced traders with promises of an accurate and automated stock picking system. When in reality customers are left on their own to learn the realities of the stock market, usually after it's already too late and they have suffered serious losses.
Read the full Wizetrade Review and find out what real customers have to say in Wizetrade Reviews.
Steve Albright is the chief editor and senior reviewer at Reviewopedia, a source for home based business opportunity reviews.
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