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Rich Lazy Trader Review: Scam or Profitable Indicator?

Rich Lazy Trader Review: Scam or Profitable Indicator?

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Rich Lazy Trader is a trading indicator for Oil, Gold, Platinum and Dow but it allegedly trades Forex pairs as well. According to the text appearing on the ”About us” page, Rich Lazy Trader was developed by John Campbell but there is really no way to establish if the owner of this product is called by that name.

The domain where Rich Lazy Trader is hosted at was created in September 2010 and the owner opted to mask their identity. So it is plausible that the owner would want to tell us about himself now. We do not believe them.

The sales page of Rich Lazy Trader claims that the trading indicator has made profits each month since 2011 and that the system is totally revised in 2018.

Beware! Let’s stick to the usual safe recommendations as per the ratings of our traders or utilize our Forex signals for best results.

Rich Lazy Trader Review

The first thing we notice is the way their sales page is poorly done because it strains my eye. We find it very difficult to go through the text due to the choice of color and background of the site.

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We don’t know what the developer was thinking in their minds when they created this sales page. It sucks!

The Rich Lazy Trader maintains this Twitter page and although they claim to have over 1000 clients from some 90 countries around the world, the numbers we see on this Twitter page does not confirm the same.

The activities on that Twitter account suggest that whoever is operating this sales page is not interested in providing audited trading results as they only write the number of pips which they have acquired and the currency pair which they were trading for a particular day.

While this system is primarily promoted as a trading tool for Oil, Gold, Platinum and Dow, the ”trading results” page suggests that the system is mostly trading Forex pairs and not commodities or stocks as claimed in the advertising material.

The developer also claims to be living a wealthy life because they have allegedly attained financial freedom through trading and not through selling the Rich Lazy Trader indicator. They actually claim that they are living in the sunny Canary Islands off the coast of Africa.

This kind of marketing tactic is no longer common in the Forex market place nowadays. Perhaps vendors have realized that traders are too smart to fall for such marketing gimmicks.

To cut the long story short, we cannot confirm that the owner of Rich Lazy Trader is called John Campbell and we also don’t know their actual location or trading experience.

You might say that they have stated their trading results. But what we usually look for is a redacted trading statement from one’s broker account and also a myfxbook account if that is available too. If the developer cannot produce any of these two, then clearly they are taking us for a ride with the kind of numbers they are showing on their sales page.

Rich Lazy Trader in a nutshell

Inside the package, buyers get a Trade Opener software (a bonus), a 16 page guide with full illustrations on how the indicator works, a one click template file to setup the charts and a PDF eBook guide.

The developer does not explain their strategy. They only give a generic explanation of how the Rich Lazy Trader is supposed to help you make money. They explain that the indicator highlights buttons with green for buying the market and red for selling the market. Outside this explanation, there is absolutely nothing.

However, they still expect us to make a move and purchase this software for $99 per license.

You’d be smart investing that amount on one of the trading software found here.

The developer has also teamed up with some brokers and exchanges in the market place because they believe these companies offer the best spreads in the marketplace. But the truth is that they are looking for commissions since we do not think an unregulated broker can offer any good service.

Rich Lazy Trader is actually recommending brokers/exchanges like Trader’s Way, Evolve Markets and a payment startup company known as initiativeq.com.

Rich Lazy Trader review – trading results

On the results page, we find a table with one column showing the asset pair that was supposedly traded while the other is showing the number of pips that were allegedly gained or lost.

We can assure you that this is a trick because whatever numbers that go into this table are published by the owner of this site and have not been independently audited by a third party statement sharing service like Myfxbook or even FX Blue.

On top of that, their October trading results which they claim to have made over 800+ pips is just pure fiction. We can’t confirm these claims either.

Rich Lazy Trader is therefore not a product we would expect to purchase for $99. That would have been a good investment if you used the money to purchase a premium trading simulator because it helps you learn faster than a demo account.

Rich Lazy Trader reviews

We can’t see any feedback from buyers who purchased this indicator. No reviews exist anywhere and this makes me wonder because the developer is promising financial freedom with this product and yet there is zero customer acknowledgement that this product works. We wouldn’t spend my $99 on Rich Lazy Trader.

Our best advice for you

There are better ways to use your money and one of them is not through purchasing a bogus trading system like Rich Lazy Trader. With no verified trading results or anything useful to justify its price tag, this software can easily turn out to be an outright scam or a money loser. Keep off. Please drop your remarks regarding the same. Thanks for reading the Rich Lazy Trader review. If you would like to find a good Forex trading tool, go to this page and purchase a license for the appropriate trading tool.

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