RakeTrades — The Complete Guide (2026)

RakeTrades is a $199/month day trading education community founded by Jake Ricci. It's built around price action trading, trend following strategies, and preparing traders for prop firm challenges. If you're considering RakeTrades — The Complete Guide (2026) because you've heard about it in trading circles, this guide cuts through the positioning and tells you whether it's worth your money based on what you actually get and who it's designed for. You'll know by the end whether you should join or keep looking elsewhere.

The 5 Questions to Ask Before Joining

Before we go deeper into RakeTrades — The Complete Guide (2026), ask yourself these five questions. If you answer "no" to most of them, this isn't your product.

1. Are you actively learning day trading or trying to pass a prop firm evaluation? → RakeTrades focuses specifically on price action and trend following education tied to prop firm preparation. If you're interested in long-term investing or options trading instead, the content won't align with your goals.
2. Can you commit to daily live trading sessions as part of your learning? → RakeTrades includes daily live trading sessions. If you work a day job and can't attend or watch recordings regularly, you'll miss the interactive element that justifies the monthly cost.
3. Do you have $199/month to spend on trading education without expecting immediate ROI? → This is a fixed cost with no cheaper entry point. If you're tight on budget or expect to make back your membership fee within the first month, your expectations won't match the reality.
4. Do you learn better in a community with peer support and discussion? → RakeTrades has 12,389 active members and includes community discussion channels. If you prefer one-on-one coaching or self-paced learning without peer interaction, the community aspect won't add value for you.
5. Are you ready to learn price action and trend following as specific trading methodologies? → The core curriculum centers on price action day trading education and trend following strategies. If you're looking for indicator-heavy strategies or automated systems, RakeTrades teaches a different approach.

What You're Paying For (Line by Line)

Price action day trading education. You get structured training in reading price action without relying on indicators. This is foundational content — how to identify support, resistance, candlestick patterns, and entry/exit signals from chart movement alone. It's practical, not theoretical.

Trend following strategies. Beyond price action basics, RakeTrades teaches specific trend following approaches. You learn how to identify trends, enter positions aligned with them, and manage risk within trending moves. This is the applied layer on top of price action fundamentals.

Prop firm preparation content. A significant portion of the curriculum is designed specifically to prepare you for proprietary firm challenges. This includes risk management rules, position sizing, drawdown management, and the psychology of trading under evaluation conditions. If you're seriously targeting a prop firm, this is the main differentiator.

Daily live trading sessions. Jake Ricci runs live sessions where you watch real-time trading decisions, commentary, and market analysis. These aren't recordings — they're interactive, which means you can ask questions and see decision-making in real time. The value here depends on whether you can attend or watch the recordings same-day.

Community discussion and support. With 12,389 members, you get access to discussion channels where traders ask questions, share setups, and get feedback. The community is moderated and active. This isn't a ghost town — people use it regularly.

See what's included with RakeTrades here — you'll get a full breakdown of the course modules and access details before committing.

Real Reasons People Leave (And Real Reasons They Stay)

Why people leave:

• They commit for a month or two expecting immediate trading results, then cancel when profits don't materialize. RakeTrades is education, not a trading signal service.
• The daily live sessions don't fit their schedule, and they don't find enough value in recorded content alone to justify the price.
• They realize price action trading requires consistent practice and discipline — they underestimated the work required to actually implement what they learn.
• They expected prop firm evaluation results within 3-6 months and quit when it takes longer than anticipated.

Why people stay:

• They're using it specifically to prepare for a prop firm challenge and see it as the cheapest way to get relevant education and community support aligned with that goal.
• They find value in Jake's daily analysis and live trading commentary, regardless of their own trading results. The education alone keeps them subscribed.
• The community aspect matters to them — having other traders to discuss setups and struggles with reduces the isolation of day trading.
• They view it as ongoing education. Even after learning the fundamentals, they stay for the daily sessions and new content releases.

Pros & Cons

✅ Pros

• Perfect 5.0★ rating with 331 reviews — highest rated in the trading education network.
• 12,389 active members — large community with consistent discussion and peer support.
• Jake is active and engaged. He runs daily live sessions personally and responds to member questions.
• Focus on prop firm preparation — addresses a high-demand niche with specific curriculum built around it.
• Practical education over theory. You learn tradeable price action strategies, not abstract concepts.

❌ Cons

• Premium price point at $199/month. That's $2,388 annually with no discount for longer commitments.
• Only one paid plan — no cheaper test option. You can't try it for $79/month or get a trial. It's full price or nothing.
• Results depend entirely on your execution. The community and education can't trade for you — you have to implement what you learn consistently.

Get started with RakeTrades and you'll save $25/month through our exclusive link — bringing the cost to $174/month instead of $199.

Should You Join? The Short Answer

Join RakeTrades if you fit one of these three profiles:

Profile 1: You're actively preparing for a prop firm challenge (FTMO, Fundedtrader, MyForexFunds, etc.)
RakeTrades is built for this exact use case. The prop firm preparation curriculum, daily live sessions with risk management focus, and community of people in the same position make this the most relevant education you can buy. Yes, it's expensive, but it's cheaper than failing multiple prop challenges because you weren't properly prepared. Join.

Profile 2: You're a day trader struggling with consistency and want structured price action education + community support
If you've been trading for 6+ months, you know price action matters, but you're not systematic about it yet. RakeTrades teaches you to be systematic about price action and trend following. The daily live sessions and community keep you accountable. This is a fit. Join.

Profile 3: You have the budget, you can attend or watch daily sessions same-day, and you're genuinely committed to learning trading long-term
If money isn't tight, you can commit to the daily sessions or recordings, and you see yourself still learning trading in 12 months, the $2,388 annual cost becomes reasonable. Join.

Don't join if: You're on a tight budget and need to see ROI within 3 months. You can't attend or watch daily sessions regularly. You're looking for indicator-based strategies or automated systems. You expect to make money immediately with no learning curve.

Pros & Cons

Quick Fit Score: 7.5/10
RakeTrades is legitimately well-reviewed and focused on a specific niche (prop firm prep + price action education). But it's not for everyone — the price is high, there's no trial option, and results depend entirely on your execution.

Check the full details here to confirm it matches what you're looking for.

FAQ

Is RakeTrades legit?
Yes. RakeTrades has a 5.0★ rating across 331 reviews, 12,389 active members, and is founded by Jake Ricci, who is publicly active in the trading community. There's no evidence of scam practices — the community is real, the content exists, and members use it regularly. You're paying for education and community access, not a promise of profits.

How much does RakeTrades cost?
RakeTrades costs $199/month. There's only one plan with no cheaper option or trial. Through our exclusive link, you'll pay $174/month instead, saving $25/month ($300 annually).

Who is RakeTrades best for?
RakeTrades is best for day traders preparing for prop firm evaluations, traders wanting structured price action education, and people who value community discussion alongside education. It's least suitable for long-term investors, people on tight budgets, or those who can't attend daily sessions regularly.

Does RakeTrades have a free trial?
No. RakeTrades doesn't offer a free trial or a cheaper starter plan. You commit to the full $199/month (or $174/month through our link) from day one. This is a limitation if you want to test it first.

What's included in RakeTrades?
You get price action day trading education, trend following strategies, prop firm preparation curriculum, daily live trading sessions with Jake Ricci, and access to a community discussion platform with 12,389 active members. Exact modules and content depend on the current curriculum, which updates regularly.

Verdict

Score: 7.5/10
RakeTrades is a legitimate, well-reviewed trading education community with real focus on prop firm preparation and price action fundamentals. The 5.0★ rating and active 12,389-member community are genuine strengths. However, the $199/month price with no trial option and no cheaper alternative limits accessibility. It's a strong fit for prop firm candidates and serious day traders with budget flexibility — less suitable if you're exploring day trading casually or on a tight budget.

Best for: Day traders preparing for prop firm challenges who can commit to daily live sessions and have $199/month to invest in education.

Visit the RakeTrades page to learn more — and you'll save $25/month using our exclusive link.

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