|
"God is good all the time" Psalm 73:1 |
|
Trader helps traders www.fx-review.com |
FOREX TRADING SERVICE REVIEW |
| WHAT'S NEW ON THIS SITE ? |
|
UPDATED the AUTO TRADE SERVICE LIST ! To access FX-Review Forum click Here !!! Last updated : July 15, 2008 |
| PREFACE |
| THIRD PARTY VERIFICATION SERVICE AND AUTO TRADE |
| THIRD PARTY VERIFICATION SERVICE | |
| FXstreet.com Signals Tracker | www.fxstreet.com/services/signals-tracker/tracker/ |
| WITH AUTO TRADE SERVICE | |
| FX-Auto | www.fx-auto.com |
| Collective2 | www.collective2.com |
| Zulu Trade | www.zulutrade.com |
| Strategy Runner | www.strategyrunner.com |
| ONLY AUTO TRADE SERVICE | |
| Trade Bullet | www.tradebullet.com |
| NEWS TRADER WITH AUTO EXECUTION |
| NEWS TRADER WITH AUTO EXECUTION | |
| Secret News Weapon | www.secretnewsweapon.com |
| Forex Master Maker | www.forexmastermaker.com |
DISCLAIMER :
All review summary table is just base on last test performance of each
signal service.
|
| SITE CONTENT |
| FX-REVIEW FORUM |
| FOREX SIGNAL SERVICE |
READ THIS FIRST BEFORE YOU DECIDE TO USE ANY SIGNAL SERVICE !As a newbie in forex trading, we are tend to look short way to make money using this signal provider, although it's not wrong and there is a lot of service like this in the internet. I just hope we also have good knowledge about this forex thing, a technical and fundamental analysis maybe, charting and its indicator maybe, or even better a trading system of your own. So if we are going to "the battle" we have "good arsenal" with us. My experience with signal service provider is not satisfy enough, so I won't recommend you to any service. But I can give you a guideline to find a service that suit with your trading style and capital.
The most important thing when using any signal service on live account is
DO NOT use HIGH LEVERAGE trade,
because there is no such thing called get-quick-rich-scheme on forex trading.
Use ONLY LOW LEVERAGE (1:1 or 2:1) so the account could survive from the worst drawdown.
- Look for the service with YES on EASY TO
FOLLOW and HONEST RESULT.
- Check their trading time, is it match with
yours or not.
- Go to their website and look at performance section.
-
Pick service with the LOWEST DRAWDOWN or any service that suit your
capital.
- Try them on demo first before you use any service on your live account
- If you already get comfort with them go live with VERY LOW LEVERAGE to reduce any worst drawdown.
- Start your subscription at the beginning of the
month, so you can compare the result with them.
And AVOID any service on the next list, because we don't like any dishonest service.
Also please check FX-Review forum for more information on any service listed here.
|
| AVOID THIS SIGNAL SERVICE ! |
| LIST OF SIGNAL SERVICE | ||
| Genius Forecasting | www.genius-forecasting.com | fabricated performance report |
| Forex Country | www.forexcountry.com | fabricated performance report |
| Forex-Signals / FXSignals | www.forex-signals.net | fabricated performance report |
| FX-Unigma | N / A | charged by CFTC for fraud action |
| Forex Trading Signals | www.forextradingsignals.com | fabricated performance report |
| Forex Strategy | www.forex-strategy.com | fabricated performance report |
| Netpicks Forex / OneDayTrader / ForexTrader.biz | www.netpicksforex.com / www.onedaytrader.com / www.forextrader.biz | fabricated performance report |
| Deus FX Feb 22 2006 | www.deusfx.com | irresponsible act to customer |
| Aden Rusfeldt |
www.easytrading.biz | charged by CFTC for fraud action more info on CFTC site |
| WARNING LIST ! |
| LIST OF SERVICE | ||
| Forex 618 | www.forex618.net | still being charged by CFTC |
| Rapid Forex | www.rapidforex.com | too many complaint on material delivery |
| iForex | www.zifx.com | have identic website layout with FX Unigma See screen shot |
| CRITERIA FOR SIGNAL SERVICE REVIEW |
|
REVIEW SUMMARY |
|||||
| Service Name | Profitable | Easy To Follow | Honest Result | Max Drawdown in pips | Max Consecutive Loss in pips |
| SET AND FORGET TYPE | |||||
| Systemforecast | NO | YES | YES | + 1,020 | + 800 |
| Neural Investment Forecast Aug 15 2007 | WAITING NEW REVIEW ! | ||||
| Forex MHV Feb 14 2006 | WAITING NEW REVIEW ! | ||||
| Genius Forecasting | NO | YES | NO | + 310 | + 175 |
| Forex Leads | ? | YES | YES | + 380 | + 345 |
| FX Master Jun 20 2005 | YES | YES | YES | + 800 | + 1,000 |
| 4XSignals | ? | YES | YES | + 560 | + 370 |
| FX System | ? | YES | n/a | + 215 | + 215 |
| FX Crew Feb 20 2005 | ? | YES | YES | + 1,260 | + 1,274 |
| FX Axis Jun 20 2005 | YES | YES | YES | n/a | n/a |
| FXTargets Mar 06 2005 | ? | YES | YES | n/a | n/a |
| Forex Country Jun 20 2005 | ? | ? | NO | n/a | n/a |
| Forex Trade Oracle Jun 20 2005 | ? | YES | YES | + 653 | + 634 |
| FortKnox TradingMar 27 2005 | ? | YES | YES | n/a | n/a |
| Next24Hours Apr 24 2005 | ? | YES | YES | n/a | n/a |
| NFG Consulting Dec 15 2005 | SERVICE CLOSED | ||||
| KB Advisory May 22 2005 | ? | YES | YES | n/a | n/a |
| Signals.jptrade.net Jun 20 2005 | ? | YES | YES | n/a | n/a |
| Forex-Signals / FXSignals |
NO | YES | NO | n/a | n/a |
| Genuine Forex | ? | YES | n/a | n/a | n/a |
| KEEP UPDATED TYPE | |||||
| Computrade Australia | ? | NO | n/a | n/a | n/a |
| Forexresults | NO | NO | YES | n/a | n/a |
| FX Guru | YES | YES | YES | + 30 | + 100 |
| FX-Unigma / iForex Dec 15 2005 | NO | NO | NO | + 50 | + 200 |
| Acetrader | YES | NO | YES | n/a | n/a |
| Forex Trading Signals | NO | YES | NO | + 20 | + 220 |
| Prosignal | STRATEGY CHANGED, WAITING NEW REVIEW ! | ||||
| FX-Dealer | YES | YES | ? | + 145 | + 310 |
| TAPS E.P. Mar 27 2005 | ? | YES | YES | + 250 | + 220 |
| Forex Strategy | ? | YES | NO | + 55 | + 80 |
| FBS Investment May 12 2006 | SERVICE CLOSED | ||||
| Winning Forex Feb 20 2005 | ? | ? | ? | ? | + 600 |
| Forex Trader | NO | YES | NO | ? | ? |
| Daily FX Guide Mar 27 2005 | SERVICE CLOSED | ||||
| 4XNS / FXN Capital May 22 2005 | NO | ? | NO | n/a | n/a |
| Interbank Dealer Jun 20 2005 | ? | NO | YES | n/a | n/a |
| FXWinTrades Aug 06 2005 | ? | NO | ? | n/a | n/a |
| FX Analytics Aug 06 2005 | YES | YES | YES | + 503 | + 503 |
| DeusFX |
? | YES | YES | n/a | n/a |
| FREE SERVICE | |||||
| E-Forex.ro Jun 27 2005 | YES | YES | ? | n/a | n/a |
| FXToday.co.uk Jun 27 2005 | YES | YES | ? | n/a | n/a |
| KJ Forex Investment |
? | ? | ? | n/a | n/a |
| SET AND FORGET TYPE |
| Systemforecast event though they reported their true result, but the past few months performance is having bad result. Only June is their best month, but after that is full of loss trading. Lately I don't know if the service still available or not because they seems don't update their result page. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 2 times a day at 05.00 and 18.30 GMT |
| MONTHLY FEE | US$ 400, free if profit less than 300 pips |
| FREE TRIAL | 10 days |
| LINK | www.systemforecast.com |
| Neural Investment Forecast signal send once a day and you don't even have to look at the market. We just put the entry and SL, then forget it until next signal. Their report is same with our performance, just sometime there is big draw down. So if you can handle such big draw down ( +/- 400 pips ) you can use this service. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR |
| SENDING TIME | 1 times a day at +/- 18.00 GMT |
| MONTHLY FEE | US$ 500 |
| FREE TRIAL | NO |
| LINK | www.neuralinvestmentforecast.com |
| Forex MHV real performance is matches approximately with what they reported on their site, which is updated each week. They have 2 system, the 171322182723 formula, which performs pretty well for a very simple system, and the DIMONX6 system, the range trading system. ( as reported by sidekick ). | |
| ALERT SYSTEM | input several parameter to generate the signal everyday |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | n/a |
| SYSTEM PRICE | US$ 200 |
| FREE TRIAL | NO |
| LINK | www.forex-mhv.com |
| Genius Forecasting definitely not an honest business. They still publish a 60 pips profit although the test give 270 pips loss on September result. They try to make-up the result to be always profit when publish. Basically the signal is send once a day, so any order or open trade will last until next signal. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, AUD |
| SENDING TIME | 1 times a day at +/- 04.00 GMT |
| MONTHLY FEE | US$ 64 |
| FREE TRIAL | NO |
| LINK | www.genius-forecasting.com |
| Forex Leads is another honest business. All their report are same with what I got. I found that the signal is easy to follow and use small Stop Loss ( 25 / 35 pips ). September is a bad month for them, they had a negative result. So is the service profitable or not, we must evaluate them more. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY, CAD |
| SENDING TIME | 3 times a day before Asia, Europe and US session open |
| MONTHLY FEE | US$ 150 |
| FREE TRIAL | NO |
| LINK | www.forexleads.com |
| FX Master signals although not very frequent but the result reported to be same as published on their site. The signal sent to mobile phone is a market price so had to be execute immediately. Past few months performance published is profit. ( as reported by dally ) | |
| ALERT SYSTEM | signal sent using sms to mobile phone |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 150 |
| FREE TRIAL | NO |
| MISC | have separate service for training course and daily forecast |
| LINK | www.fxmaster.net |
| 4XSignals is back in service after a long vacation. The claim to give a better performance after some improvement on their old system. Right now only provide October 2004 result for new improved system and look honest because they update it daily. | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, CHF, CAD |
| SENDING TIME | 24.00 GMT |
| MONTHLY FEE | US$ 295 / 195 if use FXSOL |
| FREE TRIAL | NO |
| MANAGED FUND | start from $25K |
| LINK | www.4xsignals.com |
| FX System signal is sending not very often. The signal try to catch big move by using 100 pips TP and 40 pips SL. They also had a long term signal, but no update since couple months. They provide signal for several pairs but only give update for 4 majors pairs. Last performance reported is August 2004 and no update since then. | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 3 times a day before Asia, Europe and US session open |
| MONTHLY FEE | US$ 75 |
| FREE TRIAL | NO |
| LINK | www.fx-system.com |
| FX Crew is one times a day signal service. It uses market price so user must immediately enter the recommended price. The signal sent already with SL and reverse entry if the SL hit. All SL for original and reverse trade sets to 30 pips. No TP provide but all trade must be closed at 17.00 / 18.00 GMT depend on US time system. The exit strategy can cause a different result between user and provider. The signal have 10 pips trailing stop option. | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 1 times a day at around 06.00 - 07.00 GMT |
| MONTHLY FEE | US$ 95 |
| FREE TRIAL | NO |
| LINK | www.fxcrew.com |
| FX-Axis full premium package includes 6 distinct trading models that generate primarily daily signals for EUR, GBP, CHF and JPY, which are delivered by email. The models are mutually exclusive so signals can conflict (e.g., trading model 1 might recommend long EUR at certain price while trading model 5 might recommend short EUR at certain other price). It helps if your broker offers advanced hedging so that you can use all the trading models. Open positions carry over until profit targets or stops (which can be modified at each daily update) are triggered. FX-Axis posts performance results weekly to subscribers and I have found them to be accurate. The signals have done very well and drawdowns have been few and limited. It can be complicated, however, to manage all the signals generated by the models and unless your broker provides advanced hedging capabilities, you will have to discriminate signals among models. FX-Axis has tried to address this problem by introducing a new "Select Trade" signal that combines two of its models to generate one daily signal that clients without access to advanced hedging can use. The Select Trade signal is still very new (about a week old) but early results are encouraging. ( as reported by fundmgr ) | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 23.00 and 07.00 GMT |
| MONTHLY FEE | EUR 150 / 200 (Package A / B) |
| FREE TRIAL | NO |
| MANAGED FUND | start from $25K |
| LINK | www.fx-axis.com |
| FxTargets provides short-term daily signals generated by the TradeStation platform. Poor risk/reward because it bets 80 pips to make 20 pips and relies on a high percentage of trades being successful. If you like instant gratification (win or lose), want to be busy trading everyday, and don't mind having to get four good trades to make up for one bad one, then this signal provider is for you. They have discountinued their longer-term signals, which targeted more than 20 pips, but start new daily strategy. ( as reported by fundmgr ) | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, AUD |
| SENDING TIME | during US session opening |
| MONTHLY FEE | US$ 50 |
| FREE TRIAL | NO |
| LINK | www.fxtargets.com |
| Forex Country once copied Forex Leads signal and claim as their own. After being complaint about this copycat matter, they said they are going to change it. But on the next month, they caught being copied another signal service again, this time from KB Advisory. Last complaint didn't get any response from them at all, although several email had been sent. Surely it's not a good start for a signal service. ( Jun 20 2005 ) | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 97 |
| FREE TRIAL | YES (2 weeks) |
| MISC | guarantee +100 pips / month |
| MANAGED FUND | start from $5K |
| LINK | www.forexcountry.com |
| Forex Trade Oracle have a decent track record calling the expected trend for the
day. However, because they employ no stops (time-based close) their
service should only be used as a guide, especially for smaller accounts.
There is an old trading maxim that says "in order to make money, you
have to avoid losing money". You can't avoid losing money if you
don't use stops. Recently they introduced a new strategy that already used
Stop Loss and Target Profit, and aiming for 120 pips per week. ( as reported by fundmgr ) Now they don't accept any new client for signal service, just for the automated trading. ( Jun 20 2005 ) |
|
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF |
| SENDING TIME | around 06.00 GMT |
| MONTHLY FEE | US$ 347 |
| FREE TRIAL | YES (30 days) |
| AUTOMATED TRADING | available |
| LINK | www.forextradeoracle.com |
| FortKnox Trading send daily email with limit orders in the major currency pairs. Honest results and well-intentioned trades but often too wide with limit orders. Consequently, orders often don't get filled in daily timeframe and major moves (in the direction anticipated) are missed. Fixed stop loss of 30 pips does reduce risk but because it is arbitrary (and not necessarily based on a technical set-up), positions often "pip-out." Has not been profitable during my subscription. ( as reported by fundmgr ) | |
| ALERT SYSTEM | signal send to email and Yahoo / ICQ messenger |
| CURRENCY PAIR | EUR,
GBP, CHF, JPY, AUD, CAD (Silver Service) |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 100 (Silver Service) |
| FREE TRIAL | NO |
| LINK | www.fortknoxtrading.com |
| Next24Hours is a simple and honest service. They send signal only once a day, either to BUY or SELL at market price, and then forget it until next signal. If the next signal is reverse then we close the current trade and open new trade with reverse position. If the next signal is still same then we can let the current trade open. Their report is same with our performance. The strategy didn't use any STOP LOSS, so user should be prepare for big loss when wrong signal happen on a trending day. ( as reported by firedave ) | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | GBP |
| SENDING TIME | around 05.00 GMT |
| MONTHLY FEE | US$ 200, should pay for first three months |
| SETUP FEE | US$ 840 |
| FREE TRIAL | YES |
| MANAGED FUND | no minimum capital just US$ 400 monthly fee |
| LINK | www.next24hours.com |
| NFG Consulting is
a long term trading service. The longest open trade is almost 10 months to date
(open at July 4 2004). It uses an artificial
intelligence model with no manual input based on a myriad of technical and
other non-fundamental factors. The system tries to maintain a low
volatility portfolio by taking balanced positions during ranging markets
and more skewed positions when they trend. The result, in theory, is that
the portfolio will thrive when markets trend and at least break even when
they range. During my trial the closed trades have not been profitable,
but I find the portfolio approach to currency trading intriguing enough
that I will continue to monitor the service. Too little information
available to make a recommendation. ( as reported by fundmgr ) This service has been closed, no reason found. ( Dec 15 2005 ) |
|
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | several pairs |
| SENDING TIME | during trading time |
| THREE MONTHS FEE | US$ 300 |
| FREE TRIAL | YES |
| MISC | money back guarantee for 6 & 12 months subscription |
| LINK | www.nfgconsulting.com |
| KB Advisory sends signal 3 times a day before the opening sessions of Asia, Europe and US and you need to close the position at 21.00 GMT. They has 2 packages, Standard Service covers 8 pairs and Mini Service covers the 4 majors. The system is a trend follower and actually works on a breakout of the last high or low in the past 24 hours. ( as reported by iad ) | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY (mini) + EUR/JPY, EUR/CHF, EUR/GBP, AUD (standard) |
| SENDING TIME | 3 times a day before Asia, Europe and US session open |
| MONTHLY FEE | US$ 50 / 100 (mini / standard) |
| FREE TRIAL | NO |
| LINK | www.kb-advisory.co.nz |
| Signals.jptrade.net is very affordable alternative to ForexTradeOracle and Next24Hours. They using the same style, mostly don't use stops and just hold 1 day at a time. The results are pretty accurate. 10,000 pips over 1 year seems very good. I have only been with them shortly though. The drawdowns can be large and fast. A 1000-1500 pip drawdowns over the course of the year seem frequent, but they are made up quickly. Another low leverage type provider. You can feel safe though that they report honestly, which is always the first rule to a good provider. ( as reported by chartguy ) | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, CAD |
| SENDING TIME | signal send once a day |
| MONTHLY FEE | US$ 65 |
| FREE TRIAL | NO |
| LINK | signals.jptrade.net |
| Forex-Signals.net / FXSignals.info offered a 400 pip guarantee. Still in my first month and we are underwater. Of course! Never had a losing month until I started! This system usually has 50 pip stops and 50 pip targets. Looking at their past history and the % of winners compared to the % of losers, it looks like this month is way out of whack. Either the track record is fabricated, or the month just sucks. I will get my free month and keep reporting the results, but something tells me I'm going to keep getting free months for awhile. ( as reported by chartguy ) | |
| ALERT SYSTEM | signal send to email and ICQ |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | around 07.00 to 09.00 GMT |
| MONTHLY FEE | US$ 125 |
| FREE TRIAL | NO |
| MISC | 400 pips a month guarantee |
| LINK | www.forex-signals.net and www.fxsignals.info |
| KEEP UPDATE TYPE |
| Computrade Australia is out of reach because of the expensive course. They send trend indication not the exact entry price. You must find the entry price using strategy they teach in their course. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | during trading time |
| MONTHLY FEE | AUD$ 264 quarterly |
| COURSE FEE | AUD$ 8,800 |
| FREE TRIAL | 10 days |
| LINK | www.computrade.com.au |
| Forexresults is signal service using Stop And Reverse method, so it is "always in" system. They also have scalping system being tested, should be ready to use now. And I think they are honest with their report, but I don't think they are profitable because you can see a lot of minus in it. | |
| LINK | www.forexresults.com |
| FX Guru is an honest service, using small SL 15-45 pips. After 4 months since they start the service, only had bad month in August 2004. They keep improving their performance. | |
| ALERT SYSTEM | signal send to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 99 |
| FREE TRIAL | for EUR signal |
| LINK | www.fxguru.net |
| FX-Unigma is having too late signal and reported different result with the user performance. But you can use their daily forecast for day trading guidance. | |
| ALERT SYSTEM | signal send to Instant Messenger and email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 05.00 to 15.00 GMT |
| MONTHLY FEE | US$ 99 |
| FREE TRIAL | NO |
| MANAGED FUND | start from $50K |
| LINK | N/A |
| Acetrader have major draw down, for given month you may actually loose money instead of making it. Make sure that you have good money management strategy. You will make money in long run by using their services. Latest performance is good. ( as reported by mkcky and mdaisy ) | |
| ALERT SYSTEM | alarm to their site for every update |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 300 |
| FREE TRIAL | NO |
| LINK | www.acetrader.com |
| Forex Trading Signals is signal service that using a conference room to trade together with the member. Last report there is a problem with un-professional behaviour of the moderator towards those that take, and pay for, his services. Other thing is they now change the method of payment to Western Union to prevent any re-fund from the customer. At the end, the in-consistency of the official result and the one made by the traders should be take into consideration before subscribe to this service. | |
| ALERT SYSTEM | use conference room to trade together and receive signal |
| CURRENCY PAIR | EUR, GBP, CHF |
| SENDING TIME | 12.00 to 17.00 GMT |
| MONTHLY FEE | US$ 150 |
| FREE TRIAL | NO |
| LINK | www.forextradingsignals.com |
| Prosignal is signal service using their own automatic system that's based on 15 min charts for EUR/USD, GBP/USD and EUR/JPY, and they can come at any time of the day. Anyway, it's possible to setup the software they provide to send signal alerts to an email address. Although the signals are generated from a mechanical system, they claim that better results can be obtained by combining their signals with technical analysis; but since they don't provide evidence (ie, past performance figures) to support this claim, I'll keep following the signals blindly (for test purposes, of course). The software they provide can backtest the signals, the results it shows don't seem to be "cooked", although they don't take in account spread. You can see their historical performance up to June in their site. The July performance looks to be quite below average. At the end, the in-consistency of the official result and the one made by the traders should be take into consideration before subscribe to this service. ( as reported by SoyYoConBonete ) | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, CHF |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 197 |
| FREE TRIAL | NO |
| AUTOMATED TRADING | available |
| LINK | www.prosignal.net |
| FX-Dealer signals are better then FX-Unigma and Forex-Strategy although have very strange way of reporting the profits. One cannot match the profit levels of signal providers. There is always difference in profit/loss of 5 to 7 pips per trade and eats up most of the profits. ( as reported by mkcky ) | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY, EUR/JPY |
| SENDING TIME | 10.00 to 18.00 GMT |
| MONTHLY FEE | US$ 100 |
| FREE TRIAL | NO |
| MISC | have own signal platform |
| LINK | www.fx-dealer.com |
| TAPS E.P. is another honest service on the net. They use own platform to give exact entry point, SL and TP. They also use small SL like 30 pips .They give 2 result reported. If you like to know their real performance just look at the second report, because the first one is base on best case scenario only. Even they got bad result on past few months, but I think in the long run it will still produce profit as my last try with them. About the fee, a bit expensive for a mini-account holder, but maybe it is not a problem for full-account holder, since they can breakeven at 30 pips profit. | |
| ALERT SYSTEM | n/a |
| CURRENCY PAIR | EUR, GBP, CHF |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 199 / 295 ( Basic / Enhanced service ) |
| SETUP FEE | US$ 499 / 995 ( Basic / Enhanced service ) |
| FREE TRIAL | NO |
| MANAGED FUND | available |
| LINK | www.tapsep.com |
| Forex Strategy is having more bad comments than good ones because the user can't get the same result as publish in the performance section. Their response about this matter is user should take their online forex course first to produce same result with theirs. They have 2 types of service, Gold Service ( signal send twice a day ) and Platinum Service ( signal send during trading time ). I suggest to use Gold Service because it's easier to follow and I think it still can produce profit ( ? ), although they don't publish Gold Service result. | |
| ALERT SYSTEM | signal sent to email |
| CURRENCY PAIR | EUR, GBP, CHF, JPY |
| SENDING TIME | 2 times a day / during trading time |
| MONTHLY FEE | US$ 60 / 120 |
| COURSE FEE | US$ 490 |
| FREE TRIAL | NO |
| LINK | www.forex-strategy.com |
| FBS Investments
uses a system of hedging where you buy and sell a currency at the same
time or stop and reverse. System is pretty profitable if you have the
capital to sustain losses. While one side of the currency is making you
money the other side of the currency can be deeply in the neg. You take
profit when there is profit & wait for neg. to become positive this
can take a couple of months. This service should only be for those that
are willing wait to see big profit. Signals can be very confusing when
coming in on the cell. I only used the service for the two-week trial. ( as
reported by Ron B ) This service has been discontinue. ( May 12 2006 ) |
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| ALERT SYSTEM | signal send to email / mobile phone |
| CURRENCY PAIR | EUR, GBP, CHF, JPY / 14 pairs ( Basic / Advance ) |
| SENDING TIME | during trading time |
| MONTHLY FEE | US$ 300 / 500 ( Basic / Advance ) |
| FREE TRIAL | NO |
| MISC | use full hedging system to avoid cut loss |
| LINK | www.fbsinvestments.com |
| Winning Forex signal is basically a breakout type system based on some sort of mathematical formula, there are times when there can be quite a large drawdown. This can be a little daunting at times, but you just have to realize that once a trend has been caught, it doesn't take much to recover those losses very quickly. Their main target is to book 200 pips profit per week and once this is achieved, that's it for the week - no more signals offered. The week may end on Tuesday or it may end on Friday at 5pm, and may even possibly carry over to the following week. One small problem is that because different people use different platforms, you may be wise to set your entry points 2-3pts on the other side of the suggested entry point. You may sacrifice a couple of points each trade but this will make sure that you remain in sync with their calls. If there are quite a few losses on a long week, these 2-3 pips every trade soon add up, and instead of making 200 pips for the week, you may only make 150 pips. You may be able to make this up at times when targets are set and you choose to remain in a trade. But the way I look at it, 150 pips for the week is still very good. ( as reported by buff ) | |
| ALERT SYSTEM | signal send to email or Yahoo Messenger |
| CURRENCY PAIR | EUR, GBP, CHF |
| SENDING TIME | |