The Better Traders is a crypto company that sell various courses - it's run by Moonin Papa.
He claims he can help you day trade crypto and teach you how to use trading bots.
Is this is a scam or legit place to get training?
I'll answer that in this review.
There's a lot to look at so make sure to take some time and read everything below.
You'll get a look some important background, get an overview of the courses, see costs and more.
You'll know if The Better Traders is right for you by the time you're done reading.
Let's get into it!
3 Things To Know About The Better Traders
Before we get into what The Better Trader is offering, let's take a look at some background information.
Here's what I think is most important to know about this company:
1) No Proof Moonin Is A Successful Trader
Moonin Papa is mostly known for being an ambassador for 3commas, which is a trading bot platform.
I went through everything Moonin offers and I can't really find any proof he's a successful crypto trader.
He doesn't mention anything about returns, doesn't show proof of trades or anything like that.
You might want to give him the benefit of the doubt but you should never do that for trading gurus.
The reason I started this website is because there's so many trading scams and no one else is properly reviewing them.
Many reviewers are promoting these programs at the same time!
This world is infested with scammers and people lying about their results.
It would be pretty easy for Moonin to track his trades and show you the returns he gets.
It's red flag he doesn't do this.
2) Moonin Likely Makes His Money From Course Sales
This is another common thing you'll see in the trading world.
Gurus who probably aren't that profitable end up making Youtube channels and selling products.
Some traders that fall into this category include:
And many, many more.
Someone like Claytrader has even admits he just paper trades and he doesn't make much from trading.
That's likely what is going on with Moonin.
What really gives it away is just how many courses he has for sale.
He has 5+ different products and makes Youtube videos every day.
At the same time he's an ambassador for 3commas and makes money when you click his link to them.
Anyone who bought Bitcoin years ago will be up.. so maybe Moonin did that and is technically a profitable trader.
But it's not 2016 anymore and Bitcoin isn't a few hundred like it was.
Can Moonin profitably day trade crypto now? I'd be surprised if he could.
3) There's Nothing Worst Than Day Trading
Another reason I don't think Moonin is a competent trader is his strategy involves day trading crypto.
Day trading is the absolute worst way to trade and it's proven it's no better than gambling.
This upsets a lot of people to hear but it's the truth.
Here's a few reasons why day trading is the absolute worst:
Reason #1: You Can't Improve As A Day Trader
Let's say you wanted to learn how to ski.
The first day you expect to fall but you expect the more you do it, the better you'll get
On day 5 you'll be a better skier and after a few years you would expect to be a competent skier.
That's because skiing is a skill that you can learn.
According to a massive day trading study, the more you day trade, the more likely you are to lose money.
This makes sense once you look at day trading as gambling instead of a skill you can learn.
You'd expect to lose more from a casino if you went 10 times compared to just once.
You can get lucky at a casino one or two times but it's designed to win over time.
Same with day trading. The more you do it, like playing roulette, the more you'll lose.
No trading bot is going to change this.
Reason #2: You Need A Lot Of Money
The only way to get rich from crypto if you don't have a lot of money is to get in early on a coin.
For example, if you bought $5,000 in Bitcoin in 2014 you'd have millions in Bitcoin right now.
However, if you're planning on day trading crypto you will need a lot more than $5,000.
Consider this - on average a day trader will lose 30% every year.
People like to throw out massive return numbers you can make day trading but it's nonsense.
Anyone telling you that you can earn 1% to 2% a day is lying.
The best day traders in the world probably make 15% a year.
So if you're day trading $200,000 and make 15% for the year, you're only making $30,000.
I don't know who you are but I'm guessing you don't have $200,000 to day trade with.
You probably only have a few thousand.
You'll never get rich or make anything significant day trading crypto with a few thousand.
Better to invest in a coin you actually like and hope it takes off like Bitcoin did.
Reason #3: The Success Rate Is Abysmal
I could look past all of day trading flaws if the success rate was decent.
However, it's worst than anyone can even imagine.
Some people state the success rate is around 5% but this isn't the case - it's actually much lower.
Only about 3% make anything at all but less than 1% make more than a minimum wage job.
The myth of a self made day trading millionaire is just that - a myth.
Do yourself a favor and stay away from day trading. Doesn't matter if it's day trading stocks, forex or crypto. Just stay away.
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The Better Traders Course Overview
There's a bunch of different offers at The Better Traders.
Here's an overview of what you get:
Account Builders Course 2.0 ($47)
The first program is a crypto course designed for beginners.
It's not expensive but it's pretty unnecessary. There's no advanced insights here and it's basically just a tutorial on the basics.
You can easily find this information online for free.
You get the following with Account Builders:
- Training on how to set up your account
- Trading strategies to help grow your account (including how to trade in a bear market)
- How to use a crypto scanner.
Overall, this is a very short course and is 5 hours in training total.
15 Minutes To Financial Freedom 2.0 ($197)
The second offer is called 15 Minutes To Financial Freedom and it's more advanced than the one you just saw.
Moonin claims this is for both beginners and intermediates but I don't think beginners should bother.
This course mainly focuses on using a bot to trade for you.
You get the following in this program:
- A course on how to get your bot running
- Crypto trading strategies
- How to use a crypto scanner
- Training on how to deal with crypto taxes
- 1 on 1 coaching sessions (5 sessions)
Overall there's 9 hours of content.
The Smart Trader 2.0 ($1,997)
The Smart Trader is one of the more expensive programs and costs $1,997.
According to Moonin this is for advanced crypto traders who are serious.
You get the following with this course:
- 16 hours of training
- Two coaching sessions
- Lifetime access to the Discord channel
- 6 month access to the TBO PRO Indicator
- A trading journal
Mastering Passive Income 2.0 ($2,497)
Mastering Passive Income is the advanced bot trading course and is the most expensive program offered.
You get the following:
- Training on how to trade in bull and bear markets
- Updated bot
- Training on staking and farming
- 18 hours of training
- Two coaching sessions
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The Better Traders FAQ's
Here's some answers to any remaining questions you might have:
1) Is The Price Fair For These Programs?
I really don't think so.
The only course that might be worth it is the intermediate bot trading course.
It's only $197 and will probably give you all the information you need to at least dabble with bot trading.
Other than that the courses are overpriced or just unnecessary.
2) Is Moonin Papa Legit?
I wouldn't trust anyone that says you should be day trading crypto.
That is such a bad strategy and is going to turn out horribly for 99% of people that try it.
The nerd look can be deceiving.. just look at someone like Bill Gates.
So just because Moonin doesn't look like a misleading person doesn't mean that he isn't.
I think it's pretty clear the majority of the money he makes now is from his course sales, Youtube channel and affiliate programs.
Maybe he made some money buying and holding some of the more popular cryptos in the past but I wouldn't be surprised if he couldn't day trade for profit.
3) What Are Common Customer Complaints?
I couldn't really find much out there about this course.
Some people pointed out that he's likely making money from course sales and not actual trading.
But overall there isn't much chatter about The Better Traders.
4) Is There A Refund Policy?
There's a refund policy but it comes with a lot of strings attached.
It would be better just to have a 30 day no questions asked refund.
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The Better Traders Pros And Cons
The Better Traders Conclusion
I'm not buying much of what Moonin is selling at The Better Traders.
Anyone who says you should day trade crypto is not someone that should be taken seriously.
The only possible way to take someone like that seriously is if they prove they are a profitable trader.
Of course Moonin doesn't do this.
Just ask yourself why? If Moonin truly makes a good amount day trading crypto with bots why wouldn't he advertise his results?
Because the results just aren't there.
The best way to make money day trading is to sell a course that teaches day trading.
That's all that's going on here.
Here's A Better Opportunity
I wouldn't waste my time with The Better Traders.. I also wouldn't waste my time day trading crypto or stocks.
That's a losing strategy that barely anyone succeeds with.
If you're going to trade (whether it's stocks or crypto), invest for the long term.
It's much easier to guess what an asset will be in a few years compared to a few hours.
There's plenty of programs that will give you high return stock and crypto ideas..
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