Welcome to my review of Echo Trades.
It is a new investment advisory service that was launched during a webinar that was hosted by Rob Booker featuring Jeffry Turnmire
In this article, we dive into the webinar to examine the trading strategy behind the advisory service to give you an idea of what it involves.
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Echo Trades Review
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Introduction to Echo Trades
Echo Trades is the title of a webinar that was hosted by Rob Booker to reveal a game-changing investment opportunity that can help traders get rich quicker.
He brought on Jeffry Turnmire, an everyday farmer who made $1.4 million by trading in 2020 using a trading breakthrough called “Echo Trades” (this is also the name of the newsletter they unvail).
Jeffry states that he used his new trading system to earn returns of 4,183% and that he is willing to share it with the audience (through his new advisory service). He also wants to reveal his next “echo trade” that can help individual investors to double the investments in just five days.
Jeffry stumbled across the trading system after observing trends in the market. He had been trading for 18 years without achieving that level of success. It was only when he “reverse-engineered” the market that he saw patterns that made him realize that he could time his entry and exit points to earn bigger returns on his investments.
He also says that to manage risk, he doesn’t chase trades that are not moving well. He chooses not to focus on getting outsized gains and prefers to be conservative.
Jeffry observed that some stocks have repeating patterns (akin to an echo) whereby they dip by a certain price level before they bottom out and start rising again. It looks like this:
After seeing these repeating patterns, Jeffry decided to start making his trades based on them and he realized that he improved his returns significantly.
He also got to keep his positions open for a shorter period, typically lasting a few days before moving on to the next trade.
I’ve seen this approach to trading before used by Keith Kaplan (The Portfolio X Ray) and Adam O’Dell (Home Run Profits).
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Who Is Behind Echo Trades?
Echo Trades was designed by Jeffry Turnmire. Turnmire is not an investment guru and neither has he ever been involved with the financial services industry before. He is a farmer who had been trading for 18 years before he discovered that he could improve his returns by timing the market.
Rob Booker is a Texas-based trader who has more than twenty years of experience as a professional trader. He uses the experience he has acquired all those years to guide ordinary investors to make informed decisions. This includes novice investors who do not have sufficient experience. He works for a financial publishing company called Daily Profits Publishing.
He runs a website called RobBooker.com through which he publishes articles discussing current market events. On the website, he also runs a podcast called the Trader’s Podcast where he shares his investment ideas with his the public. He also has an active presence on social media.
He wrote a book called Adventures of a Currency Trader where he outlines his investment philosophy and shares his trading ideas.
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What you get when you join Echo Trades
When you join the Echo Trades newsletter, you will be entitled to:
- 77 echo trade alerts in one year. These trades come with instructions on how to execute and details like the entry price and the rationale behind picking them.
- An email alert titled “Secure Your Entry With Your Very First Echo Trade.” You receive your first play as soon as you join with full details of how to place your trade.
- 24/7 access to the Echo Trade Masterclass. You learn everything there is to learn about the strategy behind echo trades. You even learn how options trading works if you prefer them to trading the stocks directly.
- Live Master Trading sessions. These sessions happen twice each month and as they happen, you ask Jeffry and Rob how the trades work.
- The Mindset of a Winning Trader. It is a bonus publication that gets you in the headspace to start implementing echo trades.
Subscription Fee: $997 for a year’s subscription and $1,497 for a two-year subscription.
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Is Echo Trades Legit?
Echo Trades is legit.
Echo Trades is based on a market timing strategy that Jeffry claims to have used to earn $1.4 million in 2020. Rob says that he had his lawyers go through Jeffry’s statements to ensure that he actually made that much money from trading and they concluded it was legit.
However, that does not imply that his trading strategy is effective and can make you a lot of money in 2021 because he may have had a lucky streak that he may never replicate again. Besides, past performance does not guarantee future results.
Echo Trades Verdict
Echo Trades is a new advisory service that is built on the principle of market timing. Jeffry recommends short-term trades gleaned from his pattern-based approach.
Many stakeholders in finance agree that you cannot time the market while active traders believe that it can be done with the right technical indicators. Therefore, whether it is possible is a matter of who you ask.
That being said, what can be said with certainty is that it is almost impossible to time the market consistently in the long run. Therefore, if you want to sign up for the service, do not go into it expecting to become rich.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.