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An active online day trading community with more than 650 members, MadazMoney is home to a large number of elite traders and has been responsible for mentoring many newcomers over the past several years. In addition to their popular chat room, Madaz Money members also get access to other great resources which we’ll cover.
In this MadazMoney review, we’ll take an in-depth look at this day trading community and discuss all of the benefits available to members, pricing, pros and cons, and who this membership is best for.
|Founded||2017 (website), 2018 (chat room)|
|Style||Day trading, although there are chat channels for swing trading and long-term investing|
|Included||Chat room with live voice commentary, daily watch lists, webinars, podcast, video library, daily Q and A, mobile app, personal support from community moderators|
|Promo Code||No discount code is available at this time|
About Max ("Madaz")
Based out of Los Angeles, CA, Max is the founder of the MadazMoney community and a former structural engineer. After graduating from UC Irvine and moving on to graduate school at CSU Long Beach, he was introduced to trading by a co-worker. Eventually, Max became consistent enough to quit his day job and drop out of graduate school to pursue trading full-time.
What's Included in the Membership
More than just a day trading chatroom, MadazMoney is an educational resource and support community for traders of all experience levels. Subscribers have full access to high-level video tutorials, trade recaps, and one-on-one mentoring from community mods. In the following sections, we’ll list everything that’s included in the MadazMoney members’ area so you know exactly what to expect…
After joining the MadazMoney community and logging in to the members’ area, you’ll be required to set up a free account at Discord if you don’t already have one. MadazMoney’s chat room can then be accessed by logging into your Discord account.
We thought the chat area was well-laid out and easy to navigate. We’d recommend checking out the chat rules and guidelines area when you log in for the first time, and you’ll a categorized listing of the community’s trading channels in the left-hand navigation panel.
While MadazMoney is predominately focused on day trading, there are channels for discussing other approaches such as swing trading and long-term investing. There are also off-topic discussion areas for fitness, fashion, deals, and more – these are good to check out mid-day when there’s not much happening and you want to step away from the market for a few hours. There’s also live audio commentary available in the chat room.
Madaz Money’s private, members-only video library is jam-packed with helpful video tutorials that can help you to become a better trader. This is a huge value-add to the community and provides members with a massive amount of educational resources to learn from.
The video library is neatly categorized which makes it easy to focus on a particular topic or trading style.
Also included in the MadazMoney members’ area is a trade tracker that allows you to track your trades, P/L, and keep up with other traders in the community.
MadazMoney members receive daily watchlists with the best trade ideas for that day. The watchlists are available in the Discord chat room — simply click on the watchlist channel in the left navigation pane.
Last but not least, members are well-supported by the community moderators and you can always get help or answers to your questions by direct messaging a mod. To do this, simply click on the member you want to contact and send your message through the popup window. Currently, the moderators for the community are:
- madaz (Max)
- AllDayA (Anthony)
- Micah Yo (Micah)
- TheShortBear (Lukas)
A great community for day traders…
A great community for day traders that’s affordably priced. The huge library of video lessons is a goldmine and members are well-supported by Max and the other chat room moderators.
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Are you a member of the MadazMoney chat room? If so, please let other traders know what you think about the community.
Currently, there are two MadazMoney subscription plans offered:
The cost of a monthly membership is $99 and the price of an annual subscription is $990 per year. If you can afford to pay for a year upfront, the annual plan is a much better value as it includes two free months.
As far as affordability goes, we feel that MadazMoney’s pricing is very reasonable, especially when compared to the cost of several other popular day trading communities:
|Investors Underground||$297/mo, $697/quarter, $1,897/yr|
|Pennystocking Silver||$149.95/mo, $1,297/yr|
|TradeCaster||$99.99/mo, $499.95/6 mo, $999.90/yr|
|Warrior Trading||$197/mo, $449/quarter, $1,197/yr|
MadazMoney Walkthrough [VIDEO]
While flashy marketing that includes photos of Lamborghinis can sometimes be a red flag, MadazMoney is a legitimate trading community run by successful traders.
When compared to several other top stock trading chat rooms, the MadazMoney subscription plans are affordably priced and offer a lot of value. If you're willing to dedicate the time necessary to study the included video tutorials and implement the strategies presented, we believe you'll find this membership to be a worthwhile investment.
Pros and Cons
- Unique opportunity to learn from elite day traders
- Top-shelf library of instructional videos
- Great trade ideas shared in the chat room
- Plenty of support available whenever you need it
- Day trading is challenging and it takes time and dedication to be profitable
While there are other channels set up for swing trading and long-term investing in the Discord chat room, the primary focus of MadazMoney is day trading. For this reason, we’d only recommend this membership for active day traders. In terms of experience, it’s suitable for beginners through advanced traders.