Trendfollowing.com Review

Based on checking the website Trendfollowing.com, it appears to offer educational content and systems related to trend following in financial markets. However, it’s crucial to understand that engaging in activities like trading stocks, currencies, futures, commodities, and crypto often involves elements of riba interest and gharar excessive uncertainty, which are not permissible in Islam. The core premise of profiting from market fluctuations, especially through leveraged instruments or speculative trading, can fall into these forbidden categories, making it a problematic venture from an Islamic ethical standpoint.

Overall Review Summary:

• Website Focus: Financial market trend following education and trading systems.
• Target Audience: Newbies to professional traders interested in speculative market activities.
• Key Offerings: Books, podcasts, and trading systems by Michael Covel.
• Ethical Standpoint Islam: Highly questionable due to potential involvement in riba, gharar, and speculative trading which can lead to significant financial loss and moral compromise.
• Recommendation: Not recommended for Muslims due to the inherent risks and the high likelihood of engaging in impermissible financial transactions.
• Transparency: Provides testimonials, performance claims though specific, verifiable audited track records for individual users are absent, and educational resources.
• Customer Support: Contact information is available.
• User Experience: Website seems well-organized, with clear navigation to different sections.

Trendfollowing.com positions itself as a resource for those seeking “outsized profits in bull, bear and black swan markets” by applying “Michael’s trading systems.” While the allure of significant financial gains is strong, the methods typically employed in trend following, particularly with instruments like futures and crypto, can often involve leveraging, interest-based financing, and significant speculation.

These elements are problematic in Islamic finance, which emphasizes ethical, tangible asset-backed transactions and risk-sharing over pure speculation and interest-based gains.

The emphasis on “no fundamentals, no news, no predictions” suggests a purely technical and speculative approach, which increases the element of gharar.

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Therefore, from an Islamic perspective, such ventures carry inherent risks and ethical concerns that make them highly discouraged.

It is always better to seek paths to wealth that are aligned with Islamic principles, focusing on real economic activity, ethical investments, and avoiding interest and excessive speculation.

Best Ethical Alternatives to Speculative Trading/Gambling General Product Categories:

1. Ethical Investment Funds Halal

   

   • Key Features: Invests in Sharia-compliant businesses and assets, avoids interest-bearing instruments, alcohol, tobacco, gambling, and other forbidden sectors.
   • Average Price: Varies based on fund management fees expense ratios typically 0.5% – 2.0% annually.
   • Pros: Adheres to Islamic principles, promotes ethical capitalism, professional management, diversification.
   • Cons: Returns may differ from conventional funds, limited options compared to conventional markets, still involves market risk.

2. Real Estate Investment Direct or REITs

   • Key Features: Investing in physical properties or Sharia-compliant Real Estate Investment Trusts REITs that generate rental income or capital appreciation from tangible assets.
   • Average Price: Significant capital for direct property, REITs accessible with smaller amounts share price varies.
   • Pros: Tangible asset, potential for stable income, inflation hedge, aligns with Islamic principles of tangible wealth.
   • Cons: Illiquid direct property, market fluctuations, management responsibilities direct property, potential for higher entry barrier.

3. Productive Asset Ownership e.g., equipment leasing

   • Key Features: Investing in assets that are leased to others for a return, such as machinery, vehicles, or even agricultural land for cultivation.
   • Average Price: Varies widely depending on the asset.
   • Pros: Direct involvement in real economic activity, generates consistent income, aligns with Islamic concept of risk-sharing and tangible asset ownership.
   • Cons: Requires due diligence on assets and lessees, potential for maintenance costs, market for specific assets can fluctuate.

4. Halal Business Ventures Direct Investment

   • Key Features: Investing directly in or starting a business that operates within Sharia-compliant guidelines, offering goods or services.
   • Average Price: Varies immensely based on the business type and scale.
   • Pros: Direct control, potential for high returns, contributes to the economy, allows for creation of halal products/services.
   • Cons: High risk, requires significant time and effort, no guaranteed returns, business acumen needed.

5. Gold and Silver as Physical Assets

   • Key Features: Investing in physical gold or silver bars/coins as a store of value and hedge against inflation, with immediate possession.
   • Average Price: Market price per ounce/gram, plus premiums.
   • Pros: Tangible asset, recognized store of value, often performs well during economic uncertainty, permissible in Islam as a currency and store of wealth with proper acquisition.
   • Cons: Does not generate income, storage costs/risks, price fluctuations, often requires significant capital for meaningful holdings.

6. Ethical Crowdfunding Platforms

   • Key Features: Platforms that facilitate investment in startups or small businesses based on equity sharing or profit-loss sharing, avoiding interest-based loans.
   • Average Price: Minimum investment varies by platform and project e.g., $100 – $1,000+.
   • Pros: Supports entrepreneurship, diversified investment opportunity, direct impact, some platforms offer Sharia-compliant models.
   • Cons: High risk especially for startups, illiquid investments, requires thorough due diligence on projects.

7. Education and Skill Development Investing in self

   • Key Features: Investing in courses, certifications, or workshops to acquire valuable skills e.g., coding, digital marketing, graphic design, project management that can lead to legitimate, ethical income generation.
   • Average Price: Varies from free resources to thousands of dollars for specialized programs.
   • Pros: Builds human capital, leads to legitimate income streams, lifelong learning, low risk compared to financial speculation.
   • Cons: Requires time and effort, no immediate financial return, success depends on application of skills.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Unpacking Trendfollowing.com: A Deep Dive into its Offerings and Ethical Implications

Trendfollowing.com, helmed by Michael Covel, presents itself as a definitive resource for mastering trend following strategies in financial markets. The website is replete with endorsements from “Market Wizards” and claims of empowering “newbies to pros” with trading systems for stocks, rates, currencies, metals, energies, futures, commodities, ETFs, and crypto. However, a closer look reveals that the very nature of these activities often clashes with core Islamic financial principles, primarily concerning riba interest and gharar excessive uncertainty or speculation. While the site focuses on technical analysis—”No fundamentals. No news. No 1-hour bars. No day trading. No predictions. No charting. No candles. No bullshit.”—this pure technical approach, devoid of underlying asset value assessment, can amplify the speculative element, moving it further away from permissible financial dealings.

Trendfollowing.com Review & First Look

Upon visiting Trendfollowing.com, the immediate impression is one of authority and a direct, no-nonsense approach to financial trading. The homepage boldly features testimonials from prominent figures like Ed Seykota, praising Michael Covel’s work as “essential.” This sets a tone of gravitas, aiming to instill confidence in potential users. The site immediately highlights that it teaches how to trade across a vast array of markets, from traditional stocks to modern cryptocurrencies.

• Marketing Language: The language is compelling and action-oriented, promising a “way out” for traders and the opportunity for “outsized profits.” Phrases like “Let go of what you think you know and learn how the Market Wizards really do it” aim to attract individuals looking for a shortcut to financial success, or those disillusioned with conventional market approaches.
• Endorsements: The heavy reliance on quotes from “Market Wizards” and Nobel Prize laureates as podcast guests serves as a strong social proof mechanism. This implies that the methods taught are endorsed by highly successful individuals, lending significant credibility in the eyes of prospective traders.
• Immediate Red Flags Islamic Perspective: The mention of “rates,” “futures,” and “crypto” immediately raises ethical concerns. Futures contracts, for instance, often involve deferred possession and are frequently used for speculation rather than genuine commodity exchange. Cryptocurrencies, while a complex topic, can also involve high levels of speculation and lack the tangibility and clear ownership mechanisms often required for permissibility in Islamic finance. Furthermore, the explicit rejection of “fundamentals” means the focus is purely on price movement, which can be interpreted as pure speculation gharar.

Trendfollowing.com Content and Offerings

The website offers a diverse range of content designed to educate and engage its audience, primarily through written materials and audio.

Michael Covel’s prolific output is central to this strategy.

• Books: The site promotes several books by Michael Covel, including Trend Following 5th Edition, The Complete TurtleTrader, and Trend Following Mindset. These books appear to serve as the foundational texts for understanding his methodologies. Links to Amazon are provided, making acquisition straightforward.
  • Trend Following 5th Edition: Touted as “the best selling timeless classic,” suggesting it’s a comprehensive guide to the core principles.
  • The Complete TurtleTrader: Described as “the true story of nurture beating nature,” likely detailing the famous Turtle Traders experiment, which is a historical cornerstone in trend following.
  • Trend Following Mindset: Focuses on the psychological aspects, which is crucial for managing the emotional roller coaster of trading.
• Podcast: The “Trend Following Podcast” boasts impressive statistics: “20 million + listens. 1300 + episodes. Continuous since 2012.” This indicates a consistent and long-standing presence in the podcasting space.
  • Podcast Topics: The topics covered are broad, ranging from “Freedom. Liberty. Trading. Investments. Economics. Psychology. Risk-Taking. Human Behavior. Decision-Making. Entrepreneurship. Culture. Philosophy.” This wide array suggests a holistic approach to understanding trading within a broader life context, though the primary lens remains financial speculation.
  • Guest List: The podcast features an impressive roster of guests, including renowned traders Ed Seykota, Jerry Parker, Jack Schwager and Nobel Prize laureates Daniel Kahneman, Harry Markowitz. This further solidifies the perceived expert-level content.
• Educational Materials: Beyond books and podcasts, the site offers sections like “First Steps,” “Performance,” “FAQS,” “Big Events,” “Charts,” “Markets,” and “Zero Sum.” These sections aim to guide new users, showcase historical results, and explain fundamental concepts related to trend following.
  • Performance Claims: While a “Performance” section exists, prospective users should scrutinize the specific data provided. General claims of “outsized profits” or aggregated statistics do not substitute for verifiable, audited track records specific to the systems being sold or taught to individual users. This lack of granular, personalized performance data is a common observation across many trading education platforms.

Trendfollowing.com Pros & Cons with an Ethical Lens

When evaluating Trendfollowing.com, it’s crucial to consider both its purported benefits and its significant drawbacks, especially from an Islamic ethical standpoint.

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• Pros from a general education perspective:
  • Extensive Content: Michael Covel offers a vast library of books and podcast episodes, providing a into the subject.
  • Authoritative Endorsements: The site leverages strong testimonials from well-known figures in the trading world, which can lend credibility.
  • Focus on Discipline: Trend following, as a systematic approach, often emphasizes discipline and removing emotion from trading decisions, which can be seen as a positive aspect in any endeavor.
  • Market History and Theory: The content likely covers historical examples and theoretical underpinnings of trend following, which can be intellectually stimulating for those interested in financial markets.
• Cons especially from an Islamic ethical perspective:
  • Involvement in Riba and Gharar: The primary focus on trading various financial instruments stocks, futures, currencies, crypto frequently involves transactions that are interest-based riba or contain excessive uncertainty and speculation gharar. For example, short-selling or futures contracts often involve leveraging money for which interest is paid, or trading based on mere price fluctuations without real asset ownership or risk-sharing. This is a fundamental conflict with Islamic financial principles.
  • Gambling-like Nature: When trading becomes purely speculative, without real economic activity or tangible asset exchange, it can resemble gambling. The website’s emphasis on “no fundamentals” pushes it closer to this territory, where profit is derived solely from predicting price movements rather than value creation.
  • High Risk of Loss: Despite claims of “outsized profits,” trend following, like all trading strategies, carries a significant risk of capital loss. The website itself mentions “black swan markets,” acknowledging extreme volatility. For many, this can lead to severe financial distress, which is discouraged in Islam, which emphasizes prudent financial management and avoiding excessive risk.
  • No Guarantee of Success: While success stories are highlighted, there is no guarantee that individual users will replicate the “Market Wizards’” results. Trading is inherently difficult, and past performance is never indicative of future results.
  • Focus on Material Gain: The underlying motivation presented is almost exclusively financial gain, which, while not inherently wrong, can overshadow other ethical considerations when pursued through problematic means.

Trendfollowing.com Alternatives Ethical

Given the ethical concerns associated with Trendfollowing.com’s focus on speculative trading, it’s important to highlight legitimate, permissible alternatives for wealth creation and financial education that align with Islamic principles.

These alternatives prioritize real economic activity, tangible assets, and risk-sharing over interest-based transactions and pure speculation.

1. Halal Income Generation through Skills Development

   • Description: Instead of trying to predict market movements, invest in developing valuable skills that can be leveraged to generate income through legitimate employment or entrepreneurship. This could include digital marketing, software development, graphic design, content writing, or vocational trades.
   • Why it’s better: Focuses on creating value, earning income through effort and skill, and is free from speculative elements. This aligns with the Islamic emphasis on hard work and earning a lawful livelihood.

2. Ethical Business Startups Product/Service Based Diligenttek.com Review

   • Description: Start a business that provides genuine value through products or services. This could be anything from a small e-commerce store selling ethical goods to offering consulting services.
   • Why it’s better: Directly contributes to the economy, involves risk-sharing as in partnership, and is based on tangible exchanges, all of which are highly encouraged in Islam.

3. Halal Investment Platforms Equity & Real Estate

   • Description: Explore platforms that specialize in Sharia-compliant investments, such as equity investments in companies that meet ethical criteria no alcohol, tobacco, gambling, interest-based finance or real estate crowdfunding that adheres to Islamic financing principles e.g., murabaha, ijara.
   • Why it’s better: Provides avenues for long-term wealth growth while strictly adhering to Islamic finance rules, avoiding interest and excessive speculation.

4. Agricultural or Artisanal Ventures

   • Description: Invest in or pursue activities related to agriculture, crafting, or producing tangible goods. This could involve small-scale farming, artisanal product creation, or manufacturing.
   • Why it’s better: Based on producing real, tangible goods, fostering self-sufficiency, and contributing to basic human needs, aligning perfectly with Islamic values of hard work and sustenance.

5. Community-Based Financial Cooperatives Non-Interest

   • Description: Look into forming or joining community-based financial cooperatives that operate on principles of mutual aid, risk-sharing, and profit-loss sharing, completely devoid of interest.
   • Why it’s better: Promotes solidarity, mutual support, and ethical financial practices within a community, aligning with the spirit of Islamic brotherhood and social responsibility.

How to Cancel Trendfollowing.com Subscription / Free Trial

While the website does not explicitly detail a “subscription” or “free trial” mechanism on the homepage, it’s common for educational platforms to offer tiered access or introductory periods for their “systems” or premium content.

If you have signed up for any service or purchased access to content that auto-renews, here’s a general guide based on industry best practices and typical website structures. Kaiokenclothing.com Review

• Review Your Account Dashboard: Log in to your Trendfollowing.com account. Most online platforms have an “Account Settings,” “My Subscriptions,” or “Billing” section where you can manage your purchases and subscriptions. Look for options to view or cancel active services.
• Check the Purchase/Enrollment Confirmation: When you first signed up or purchased access, you would have received a confirmation email. This email often contains details about the terms of service, cancellation policies, and how to manage your subscription.
• Contact Customer Support Directly: The most reliable method is to reach out to Trendfollowing.com’s customer support.
  • Navigate to the “Contact” section of the website link provided in the footer.
  • Typically, they will have a contact form or an email address for support inquiries.
  • Clearly state your intention to cancel your subscription or free trial, providing any necessary account details e.g., username, email used for sign-up, transaction ID.
  • Important: Request a confirmation of cancellation for your records.
• Payment Provider: If you are unable to cancel directly through the website, you may need to contact your payment provider e.g., credit card company, PayPal. They might be able to stop recurring payments, but this should be a last resort after attempting to cancel directly with the vendor.

Trendfollowing.com Pricing

The homepage of Trendfollowing.com does not explicitly list pricing for its “systems” or direct educational access.

Instead, it promotes books available on Amazon and a free podcast.

This suggests that the “systems” or more in-depth training might be part of higher-tier offerings, workshops, or direct consultations, which are likely priced separately and not openly advertised on the main public-facing page.

• Book Pricing: The books linked on the site e.g., Trend Following, The Complete TurtleTrader, Trend Following Mindset are available on Amazon, meaning their pricing will align with standard book market rates e.g., typically $15-$30 for paperbacks/e-books, potentially more for hardcovers.
• Podcast: The “Trend Following Podcast” is free, as is typical for most podcasts, generating revenue through sponsorships or serving as a lead magnet for other paid offerings.
• Hypothesized System/Course Pricing: Given the nature of trading education platforms, any “trading systems” or in-depth courses offered are likely to be priced significantly higher. Similar platforms often charge anywhere from a few hundred dollars to several thousands for comprehensive courses, mentorship programs, or proprietary software access. This would typically be revealed after initial engagement, perhaps through webinars or direct consultations.
• Value Proposition vs. Cost Ethical Concern: For Muslims, even if the “systems” were offered for free, the underlying activity they promote speculative trading remains a concern. The value proposition, regardless of price, must be scrutinized through an Islamic ethical lens first. The cost becomes secondary to permissibility.

Trendfollowing.com vs. Ethical Alternatives Summary

When comparing Trendfollowing.com’s offerings to ethical alternatives, the contrast is stark, particularly in their fundamental approach to wealth creation and financial risk.

• Trendfollowing.com:
  • Focus: High-stakes, speculative trading across various financial instruments stocks, futures, crypto, currencies using technical analysis to predict price movements.
  • Risk Profile: Extremely high, with potential for significant capital loss due to inherent market volatility and the speculative nature of the activities.
  • Ethical Stance Islam: Highly questionable due to pervasive elements of riba interest and gharar excessive uncertainty/speculation, potentially resembling gambling.
  • Methodology: Reactive to price action, systematic, and often involves leveraging capital.
  • Outcome: Promises “outsized profits” but offers no guarantee and carries substantial risk of loss.
• Ethical Alternatives e.g., Halal Investing, Skill Development, Ethical Business:
  • Focus: Creation of real value, tangible asset ownership, ethical business practices, and earning income through legitimate means.
  • Risk Profile: Varies, but generally involves more manageable and understood risks tied to real economic activity, not pure speculation. Risks are often shared in partnerships or directly related to one’s effort and skill.
  • Ethical Stance Islam: Aligned with Islamic principles, emphasizing justice, fairness, risk-sharing, and avoiding interest, gambling, and excessive uncertainty.
  • Methodology: Proactive e.g., building a business, acquiring skills, value-driven, and often long-term oriented.
  • Outcome: Aims for sustainable, lawful wealth growth, personal development, and contributions to society.

In essence, Trendfollowing.com encourages participation in a financial paradigm that often runs counter to Islamic teachings, while ethical alternatives provide avenues for growth and prosperity that are both materially beneficial and spiritually sound. Unmanageablefeelings.com Review

The choice boils down to short-term speculative gains versus long-term, ethically grounded prosperity.

FAQ

What is Trendfollowing.com?

Trendfollowing.com is a website founded by Michael Covel, offering educational content, books, podcasts, and trading systems focused on the strategy of trend following in financial markets, including stocks, currencies, futures, and cryptocurrencies.

Is Trendfollowing.com suitable for beginners?

Based on the website’s claims, Trendfollowing.com aims to teach “newbies to pros.” However, the complexities and inherent risks of financial market trading, particularly in speculative instruments, mean that beginners should exercise extreme caution, especially concerning the ethical implications in Islam.

What types of markets does Trendfollowing.com cover?

Trendfollowing.com covers a wide range of markets including stocks, rates, currencies, metals, energies, futures, commodities, ETFs, and cryptocurrencies.

Does Trendfollowing.com provide specific trading signals?

The website primarily focuses on teaching “Michael’s trading systems” and principles of trend following, rather than offering specific, real-time trading signals. Its emphasis is on education and methodology. Monkeegenes.com Review

What are Michael Covel’s most popular books mentioned on the site?

Michael Covel’s most popular books promoted on Trendfollowing.com are Trend Following 5th Edition, The Complete TurtleTrader, and Trend Following Mindset.

Is there a podcast associated with Trendfollowing.com?

Yes, Trendfollowing.com features a popular podcast called the “Trend Following Podcast,” which boasts over 20 million listens and 1300+ episodes since 2012.

Are the methods taught on Trendfollowing.com ethical in Islam?

The methods taught on Trendfollowing.com, which involve speculative trading in various financial instruments like futures and cryptocurrencies, often contain elements of riba interest and gharar excessive uncertainty/speculation, making them generally not permissible in Islam.

What are the main risks of engaging in trend following as promoted by Trendfollowing.com?

The main risks include significant capital loss due to market volatility, the speculative nature of the activities, and the potential for involvement in impermissible financial transactions riba and gharar from an Islamic perspective.

Does Trendfollowing.com offer a free trial or subscription?

The homepage does not explicitly mention a free trial or subscription for its “systems.” It promotes free access to its podcast, while books are purchased individually through retailers like Amazon.

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Any specific paid system access would likely be detailed upon deeper engagement.

How can I cancel a subscription or service from Trendfollowing.com?

To cancel a subscription or service, you would typically log into your account settings on Trendfollowing.com, look for a “Billing” or “Subscriptions” section, or directly contact their customer support via the “Contact” link on their website.

Does Trendfollowing.com offer any guarantee of profits?

No, like all legitimate financial education platforms, Trendfollowing.com does not offer any guarantee of profits.

Trading inherently involves risk, and past performance mentioned on the site is not indicative of future results. Astrasigns.com Review

What are some ethical alternatives to speculative trading for Muslims?

Ethical alternatives for Muslims include investing in Sharia-compliant funds, direct real estate investment, starting ethical businesses, acquiring valuable skills for legitimate income, and investing in physical gold and silver.

What is the role of “fundamentals” in Trendfollowing.com’s approach?

Trendfollowing.com explicitly states “No fundamentals,” meaning its approach does not rely on analyzing a company’s financial health or economic news.

It focuses purely on price action and systematic trading.

What is the significance of the “Market Wizards” mentioned on the website?

The “Market Wizards” are renowned traders featured or referenced on Trendfollowing.com, serving as testimonials and proof points for the effectiveness of trend following strategies. This lends credibility to Michael Covel’s work.

Are there any specific performance disclosures on Trendfollowing.com?

While the website has a “Performance” section and makes general claims of “outsized profits,” users should carefully review any specific disclosures. Buyastar.org Review

Audited individual performance data is typically not provided for educational programs.

Does Trendfollowing.com discuss the psychological aspects of trading?

Yes, the “Trend Following Mindset” book and various podcast episodes, particularly those on “Human Behavior” and “Psychology,” suggest that Trendfollowing.com does address the psychological discipline required for trading.

Can I learn about the “Turtle Traders” experiment on Trendfollowing.com?

Yes, Michael Covel’s book The Complete TurtleTrader specifically details the true story of the “Turtle Traders” experiment, which is a famous case study in trend following.

Is Trendfollowing.com associated with any financial regulatory bodies?

Trendfollowing.com is an educational platform and content provider, not a brokerage or investment advisory firm.

As such, it is not regulated in the same way as financial institutions that manage client funds or provide specific investment advice. Skladusa.com Review

What kind of guests appear on the Trend Following Podcast?

The Trend Following Podcast features a wide array of guests, including trading legends like Ed Seykota and Jack Schwager, Nobel Prize laureates such as Daniel Kahneman, and notable figures from various fields like Tim Ferriss and Ryan Holiday.

Why is purely speculative trading discouraged in Islam?

Purely speculative trading is discouraged in Islam because it often lacks tangible asset exchange, involves excessive uncertainty gharar, can lead to interest-based transactions riba, and can resemble gambling, which is forbidden.

Islam emphasizes risk-sharing and value creation in financial dealings.

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