The Wizetrade software is a tool created by George Thompson and GlobalTec Solutions. Wizetrade touts itself as a complete stock training program. Wizetrade makes an effort to simplify stock trading with their patented red light/green light analysis of stocks.
Wizetrade also advertises the ability to: review a number of stocks at once, find active stocks, execute stock projections, report buy and sell points for stocks, and offer support.
GlobalTec Solutions advertises Wizetrade's software through late night infomercials and at local hotel seminars. Critics of Wizetrade accuse it of providing a false sense of security to new traders. At times beginner traders aren’t experienced enough to know when it’s not smart to follow the green light indicators.
55 ‘Wizetrade’ Reviews
If you're a millionaire, then it's not too bad to spend a little to use it as a "tool", but I dont see it as a worthy investment. I got the same trending charts on Yahoo finance as in wizetrade. A good investor always looks at the companies' fundamentals before investing, as Warren Buffet does. This is worthless. Buy mutual funds, play it safe. Stay away from day trading, aka gambling.
It is a tool to follow the nature of the market-All about Buyers and Sellers
I have been using and offering training on wizetrade for almost 8 years, having worked with 100's of new and experienced traders who hadn't accomplished the success they wanted. Wizetrade is trend recognition software, but not all stocks have a clear trend but they do have a clear range or channel that they move. It is understanding that movement and how to anticipate the next move not only in the market but in ourselves that defines the experience. It is like buying a set of mechanics tools, you still need to learn what to do next. Aloha.
I got 4xme in 2004. It is great TREND ANALYSIS SOFTWARE! It will NOT allow for precise entry and exist. That one has to do on their own using standard technical analysis. I don't need it anymore as I have become proficient in other methodologies but it is a great trend analysis tool. Nothing more.
The company is composed of a bunch of crooks that lie and up-sell you and charge you a 100 bucks a month for the feed and lie to you about getting free lifetime upgrades.etc. If you can hold your nose about the 100 usd per month fee then use it. Its worth even the high price.
No training at all!!
The biggest shortafll of Wizetrade is that they sell you a software for
$ 3000.00 without proper followup. Unfortunately, I am one of their victims. After I purchased the software (in 2008)I was left alone to learn what to do. Luckyly I got out of it in time and cut my losses.
I am thankfull for the reviews as they helped me make up my mind not to sign up for monthly feed.
What a waste of money
I bought this worthless software. I spent hours going pursuant to the green, red lights. I experienced a net loss on my trades and never even earned back the money I paid to Wizetrade.
They made is sign so simple - just follow the lights! Can you imagine Warren Buffett sitting before his computer and executing his trades per Wizetrade's signals. Ha-Ha! (Of course the laugh is on my and my stupidity)