What Users Say About...

sparkprofit.com Review

sparkprofit.com

Tags:  Gaming , Investment
4/51 vote
Last update: 2017-05-14
Sort By:
Comment Rating Update Helpful
Doug Budlong
5 Followers   1 Review
Last Update: 2017-05-14
First, it will help to understand what Spark Profit is and how it works. Spark Profit is free to join and use. While promoted as a "free app", the desktop interface is accessible directly.

Spark Profit can be seen as "game-ified" forex trading, allowing some safe exposure to the exciting, risky and potentially profitable markets that are accessible on the internet. Safe, in that users trade points instead of cash, making this a risk free haven for "virtual trading", using points earned up front by completing a standard profile. There is a cash earning element, both as performance rewards and opportunity to earn from "supporters", if you invite others to join you.

I like that Spark Profit provides a great way to practice trading strategies which you may already be familiar with or can learn from other sources. This is how I used it alongside other tools so this influences my rating. The live charts can toggle from line to candlestick format, which makes them a bit more useful.

You do not have to be "serious" if wanting to run this as an app on your smartphone as a fun diversion so this can be different things to different people. Those that are familiar with and want to employ technical analysis may want to have other charts and indicators running in another window or program.

The site is "beginner friendly" but I feel that guidance on trading fundamentals and strategies should be available for those that want to put their best foot forward but such content is almost entirely nonexistent. That helps the site appear very clean and simple but it doesn't go very far toward helping newbies "learn to trade", but then again- simplicity may be less intimidating and a good first step for some.

The provided tutorials are actually brief explanations of commodities, currency pairs and bitcoin. I expected to find more useful, actionable information.

The site seems to be marketed as a fun little diversion, which it certainly is. However, it is designed so that it can serve as an approachable entry point toward your future trading career with no risk, and eventually very low risk as the site serves as a feeder to it's sister site where users can transfer their cash rewards (up to 100. USD) to begin trading real value as low as one cent.

If you like the challenges and want to develop your skills but have no previous experience, be sure and find information and guidance from other sources so you can get needed advice, learn fundamentals and some good strategies to start with.

One of their slogans is "We pay talent", and that is apparent. Peer activity streams through the social areas which adds excitement and shows what can be achieved.

There is more to it at Spark Profit, and for those who stay with it and make progress.
Is this review useful? 2
4.02017-05-144