The Trading Den
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Honesty
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Quality
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Cost
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Support
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Verified Trades
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User Experience
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Summary
Here we go again, yet another live day trading room promising massive profits. The Trading Den by Simon Townshend is live day trading environment and trading signals provider where the trades are replicated by a third party brokerage.
The Trading Den has been stating, for several years that “everyone in the live trading room is earning an easy 6-figure profit.”
However, a TradingSchools.Org reader describes a horrible situation where his trading account was completely wiped out through the auto-trading service.
Mr. Townshend has created a wide path of outrageous claims like, “Most people are earning 1000% per year” and “Earn an extra 6-figure income from the comfort of your own couch.” A completely ridiculous trading scheme from a clever internet marketer. Avoid.
Thanks for reading today’s review of The Trading Den with Simon Townshend
What is The Trading Den? The company is a live futures trading room and futures trading signal provider. The owner of the company is a person named Simon Townshend, operating out of the United Kingdon.
The Trading Den describes itself as a day trading service where traders simply purchase an annual subscription and copy the trades of Simon Townshend. The cost of the service is $6,000 per year. The Trading Den will accept either “three easy payments” of $2,000 or a “super-special offer of a single payment of only $4,000.”
The service is delivered by either watching Simon Townshend day trade live, from within the chat room. Or, the customer can sign up for an auto trade service that automatically replicates the trades that Simon Townshend is supposedly executing from within The Trading Den.
The company currently occupies the following social media web properties:
Please notice the headlines of several of the Facebook posts.
- “Another hugely profitable trade, with virtually no risk at all.”
- “Learn how to take ticks out of the markets and be profitable virtually every day, even in BAD markets.”
- “There is no reason why you too couldn’t belong to the 1% of elite traders that make an enormous amount of “serious” money trading Futures”
- “The Amazing Winning Trading Secret of a Wall Street Mystery Man will be yours”
Simon Townshend claims to have a truly amazing track record, all 100% verifiable, with a live futures trading account. In fact, he boldly displays his supposed real time track record on various social media channels and his promotional website.
Pretty amazing track record…if it’s true.
Live Trading Room–Supposed Real Time Performance
Simon Townshend likes to make some very bold statements. In fact, he recently stated that earning $10,000 per month is quite simple, just copy his live trades and you will shortly be achieving amazing results that typically average $10,000 per month. All a person needs to earn these types of returns is a small futures trading account and a subscription to his live trading service.
Some of his other outrageous claims include the following recorded statements:
- “Everyone in the live trading room earned at least $100k for two consecutive years.”
- “You won’t have to do any hard work. Just sit on your couch, copy my trades, and easily earn an extra six-figure income.”
- “Most people are earning over 1000% every year.”
- “You will typically only spend 9 hours each week, copying my trades, and earning more money than you ever imagined.”
- “It’s so easy, a caveman can do it.”
History of now defunct websites
Of course, The Trading Den is not the first website that Simon Townshend has promoted. There have been others. For instance, whatever happened to SeriousInvestmentReturns.com? A now defunct website that once again promised easy riches…
Or how about Simon-Townshend.com? Yet another now defunct website, offering amazing riches to all involved with this self-professed ‘Financial Trading Wizard’ and ‘Hedge Fund Manager’?
Of course, Simon Townshend has been at this trading promotional game for a very long time. And a long and grubby trail he has left in his wake. Some of his other current and failed ‘get rich quick’ trading ventures include:
- Century Of Trading
- Trading-University.tv
- WealthWithoutWorry.com (now defunct)
- 4StepTrading.com
DotCom-University: Another ‘get rich quick’ scheme
Perhaps getting easy riches by day trading is not quite your taste? No problem. Because you can easily get rich and earn $447 every single day by copying Simon Townshend’s “secret formula” by promoting stuff on the internet. Hurry up and buy now at DotCom-University.com Everyone is getting rich! And so can you!
A testimony from an actual client (victim) of Simon Townshend
During the month of March 2017, an anonymous person contacted TradingSchools.Org and desperately wanted people to know about his dealings with Simon Townshend and his futures day trading signals service. This person described themselves as “pretty much a newbie to the world of day trading.” At 57 years of age, and recently laid off from his job in Michigan, he desperately needed another source of income.
He described his situation as “dire and desperate.” He simply could not find any work and had been dealing with a 57-year-old body that could no longer sustain heavy labor. And so, he went out onto the internet “looking for an opportunity”. Uh oh! We all know about the amazing sorts of opportunity that can be found on the internet. Somehow he stumbled into the murky waters of earning a full-time income through day trading. He watched a YouTube video by a supposed trading mentor named Simon Townshend. Specifically, he watched the following video, which described the amazing earnings opportunity being offered by Simon Townshend and The Trading Den. Have a look:
Wow! Truly amazing stuff. All you have to do is show up and simply copy the trades of The Trading Den. The video clearly states that “everyone is earning at least $100k per year” and all you need to do is “copy and paste” the trades of Simon Townshend.
After watching this video several times, and talking it over with his wife, he decided to take the plunge and try this thing called day trading. He was desperate. He had very little in savings but could liquidate his only retirement account of $20k. Instead of taking a chance at screwing up at copying the trades by hand, he signed up for the auto trading service that Simon was offering. He reasoned that by having Simon auto trade his account, he was guaranteed the sort of returns that Simon was promising in the promotional video and materials.
His results were disastrous. The Simon Townshend/TradingDen auto trading service began October 2016. The results were as follows:
- 2016 October: -9.5%
- 2016 November -9.4%
- 2016 December -20%
- 2017 January -39%
- 2017 February -21%
- 2017 March…Everything was lost. His account went bust.
In less than 6 months, his entire life savings of only $20k was completely gone. Over 250 trades, with the vast majority losing trades. Big fat losing trades, and a handful of tiny little winners that I would describe as scalping. The only people that made money was the auto trade broker that charged him $1,250 in commissions. And of course, the Wall Street Genius known as Simon Townshend was paid nearly $2,000 for the trading signals.
Wrapping Things Up
These are the types of stories that really get under my skin. People call me all the time and want to talk about their experiences. Usually, they don’t want to email me the entire story because it’s too painful to write. This poor guy gets on the phone with me and quite literally cried. He is one of those “Trump voters” from the midwest. A middle-aged factory worker that is desperate to just hang on and feed himself. Desperate to just get the rent paid.
Many readers might not have a lot of sympathy for this person. Yes, it was a really stupid decision on his part. And I told him this. But as he explained, he was scared and desperate about his life. He got sucked into the scam by a clever con artist, located in a land far away.
Well, that’s it for today. Thanks for reading. And dont forget to leave a comment below.
Simon Townsend – see explosivemoves.com
He is at it again….
Sickening.. these cockroaches/termites crawl out of the soggy cesspool woodwork again when the spotlight of scrutiny has moved on.. too sordid and victimizing to be labeled anymore as just fluffy circus whack-a-moles.
yeeshy you listen to his fake live webinar “say yes yes yes” and the down and out poor boy story only to have the biggest realization in the world and one day it magically turns all around…the predictable formula all scam copywriters use…he’s the ultimate hypster tries to hide it with his sophisticated but largely BS Brit accent…good marketing tho Ill give him that and Im sure a lot of suckers fall for it.. just read his mind-numbing cancellation/ refund policies my God!
Simon Townsend – see explosivemoves.com
Simon is at it again
Simon Townsend – see explosivemoves.com…… he is at it again
Agreed. Big claims, easy to fall for, not true.
Simon sounds like the guy in the new testament who was magician who tried to buy the gift of the Holy Ghost from Peter. No sale. He’s a no sale for me.
LoL! Simon Townshend is back again with youtube interrupting ads for his trading-university.org ; Even the trading fraternity has upgraded their hmtl5 website with fancy web objects. Unfortunately, these trading scam schools/vendors and shamshows are having another revival thanks to the still wage-depressed economy where most workers still can’t save paycheck to paycheck. Glad you further exposed Sykes’ shamshow cartel, Emmett. tradingschools is still by far the must trustworthy (despite a few but relatively small flaws) review site to expose the dirt of the cesspool of these scam swindlers, despite a shinier 2019 sheen on their crap site’s front pages. incl. warriortrading shamrock trifecta & IP! (IP now under renovation for their 2.0 scam school fee structure, lol)
Aldo (was, at least) rude, unpleasant, arrogant ..but his stuff works. https://twitter.com/hf_trader/status/872256282627059712 Stanton Analytics ..
Unfair. This is an unfair review. Look at the sponsors of Century of Trading. Does that mean the CME is also bullshit?
Trading-University.tv you can get it for free too and is of professional help. i feel it. i dunno as to the mkting but many (Quinto fixed up houses) have auxiliary streams of income to help w/ drawdowns.
This involves Simon Jousuf too. Allow me to address him rightfully in his review.
Looks like the site (tradingden.net) is on hold probably thanks to this review. It says “after 6 successful years”. Probably six years of churning misery for duped clients. Anyhow, looks like Simon Townshamhead has joined Simon-sez Yousef in GTR turned TTI! lol.
http://www.thetraderinstitute.com/the-team/
As “director of business strategy”. snakeoil sham busyness of course. Watch out, maybe TTI/GTR will be coming out soon with a simons-sez tag team new savings-destroying algo.
Haha! Finally old Simon has his day. Too bad another victim had to suffer this manipulation.
I was in Simon’s trading room for one month in 2011. I think I paid 300 pounds. The main attraction was how he was using http://www.sceeto.com to great success. It went very bad right in front of my eyes despite my spending countless hours to to try and make Sceeto spit out profitable signals. By the way, Sceeto underwent a major upgrade since NT8 was released. Still I had no success using the new Sceeto indicator for a one-week trial.
Yep, they’re all scams including Simon and his bs about Sceeto being advanced “AI” and able to recognize HFT. It’s truly sad that blackhearted shamsters like Simon could cause such financial misery to the example guy in the review, probably just one out of many many.
Emmett, I keep saying the regulators of this industry must be incompetent or asleep at the wheel, yet you have defended the regulators on many occasions. But here is a case of out and out fraud. How can this guy not be charged with a crime and locked up? Until these con artist are actually thrown into jail this industry will never stop scamming people.
I think many people think those outrageous claims must be true or the regulators would go after them. Yes I know he is out of UK, but they must have some regulations there.
BTW, I am yet to meet anyone that made money following some auto-trading service.
And the saddest thing of all this is virtually the only site that calls out these con artist.
It’s a long involved process to build a case that can be successfully prosecuted and as you’ve pointed out many time 99% of the sites offering “education” are frauds, that’s a lot of work for the regulators. If you want small government you get shit services. For the last 20+ years funding in real terms has decreased for regulatory bodies and now we can see the result of those “savings.”
It is all about legislation. Under current laws, it may be impossible to prosecute. New laws should make it mandatory to sell financial education only by showing a real money account corresponding the service being offered. A few years ago legislation imposed restrictions on forex trading (limiting margin 50:1, no hedged positions, no overseas brokerage account), which “killed” 99% of retail forex trading in the US. I think the forex rules were mostly stupid, but it certainly accomplished the goal. The same could be done to these scams.
By the way, there are more restrictions and requirements on the salon where you get a hair cut on manicure than the financial “education” industry.
Went to “the Money Show” around 13-14 years ago and saw a lot of older people visiting the various booths of people looking to swindle them out of their money… Older people that work hard and make an honest living are especially susceptible to these con artists along with religious people. Townsend has been around a long time. Amazing how they just keep going and going laughing at ruining people
Terrible story of the middle-aged guy who lost his life savings. This is exactly why every newb to trading should find tradingschools and read all the reviews and comments first. Unfortunately the internet media has been overwhelmingy deluged by shamsters, shills and promoters for decades with no significant uncompromised truthful review site until ts.
I’d heard of Simon Townshend through my spam email. I had set up a dummy email to absorb all the spam email in my vendor perusing phase kind of like Jupiter absorbing all the megaton blasts from the shoemaker comet bits. So I’d get thousands of spam from shamsters like Towshend, CTUFake!puglioesese, LarryLevin, MarkDeaton, even hand-raising DavidKnight, and on and on literally hundreds of spammy shamsters. Maverick had also put out their shammy ads on Craigslist job listings to be a proprietary trader so I think they were rated too generously on their ts review. btw, “bangbang”Amico has a similar profit graph on their website. It’s really no different than the thousands of forex fad sites in the past where they used to always show a profit progressing sham chart.
Sheepishly, I did rank Maverick Trading a little too generously. But they were willing to talk and be open, so I had to find something positive to write about.
Maverick Trading advertised on Craigslist? Oh wow, that is not pretty at all. Those are usually folks just trying to find work. And Maverick Trading is not a job. Not even close. Its a trading education masquerading as a prop trading job.
At the end of the day, I wanted readers to clear away the daydreams of getting free money, and instead weigh the value of the (basic) education.
Thanks for elaborating Emmett. Yes, I recalled seeing Maverick ads on CL years ago as I was curious about trading jobs listed there and they weren’t the only ones advertising “trading for a living” usually invovling forex. Here’s a forum post about it, so glad I wasn’t imagining it in my faint recall.
forums.babypips.com/newbie-island/71200-mavericks-fx-trading-broker-masquerading-employer.html
Oh no…you are correct. All over Craiglist offering a “job.” Wow. https://mankato.craigslist.org/acc/6064033419.html
All over the place offering a “job.” http://www.jobsgalore.com/jobs?ts=go&q=jobs+maverick+trading
https://www.glidepath.com/careers/maverick-trading/3740/entry-level-traderwork-from-home-with-our-capital/24518
https://www.glidepath.com/careers/maverick-trading/3740/online-trader-trade-remotely-with-firms-capital/24429
This story really tugs at my heart strings, very sad to hear. As usual, I can not believe there are men out there preying on the less informed and still live to defraud another day. What will it take to somehow halt the progression of these sites? I understand the limited budget of regulators, but these frauds have become so egregious that there must be a tipping point where there would be an increase in investigations.
If you’re licensed and in the business, one must walk the line. How about not pursuing a licensed individual that made a harmless clerical error so often and then using the extra resources for these a-holes. Karma will come for everyone of these con men.