Estimated reading time: 6 minutes
Is Forex School Online going to really teach you the right skills needed to make money from the markets? We doubt this, and maybe you are skeptical as well. You see, nothing comes for free in this world. They claim that beginner Forex training is free on their platform. While that may be the case, chances that you will stumble on a roadblock along the way, asking you to invest some $$$ amount are very high.
Everyone dreams of making easy money. But we can tell you for sure that making money isn’t necessarily easy as a trader. You have to be coached with the right mentors whose intents are not driven by greed to sell their courses and become rich at the expense of your learning.
With that said, every aspiring trader should exercise caution when approaching the so-called online Forex schools.
This particular review focuses on Forex School Online — forexschoolonline.com, and we have some nasty things to say about it.
The first thing that raises our suspicion is that the owner of the school claims to be a price action trader yet it is very evident in this page (forexschoolonline.com/forex-tools-resources-guide) that he is also encouraging the use of other tools which are unnecessary for a price action trader.
You see, when someone mentions the words ”price action”, they mean that candlestick patterns is all they need to make a decision.
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Note: If your language is not English, you should use the language dropdown menu at the top right hand side of their page to select your language.
Price action is all about identifying a good trade setup using some potent candlestick formation and deciding whether to enter or step aside accordingly. But in this case, Johnathon Fox is promoting other tools alongside what he claims to sell. We think this is a red flag since this guy has absolutely no idea what he is selling.
Claiming that you are an expert Forex and futures trader is one thing. However, teaching price action trading and making people recognize your proficiency is another thing altogether.
We believe that the most renowned schools teaching this method of trading are managed by people whose professional profiles are legitimate.
Now, the owner of Forex School Online seems to be a quack who makes a living by selling training programs. We have a strong feeling that what he does best is to make you believe that he is a real trader when the truth is far from that.
This fact makes Forex School Online a crappy trading school among many others like Nial Fuller’s Learn to trade the market. There is nothing special about this school. What we know is that he is targeting traders who have heard that price action is a great trading strategy. He wants to capitalize on their ignorance by making himself look like a price action guru when he is not.
The first thing we noticed was that this man was not on any social media platform out there. And most importantly, he is not on LinkedIn, yet he claims to have mastered price action trading techniques like the palm of his hands. Is this man taking us for a ride with his so-called Forex school online?
We searched Facebook for the name Johnathon Fox and indeed realized that a couple of guys were called by that name. However, none of them had anything to do with trading Forex.
Is this a weird discovery on someone who claims to have taught Forex for some time now? Look, if he is hiding his identity, then chances are that he is up to no good. He can’t teach you the proper techniques of approaching the markets, and thus you will ultimately lose money.
The gospel truth is that this website is a scam in its own way. It’s very hard to detect this fact just by looking at it. You have to actually dig out for more information to find out what others are saying.
And if it’s a scam, chances are that no reputable website will recognize it or do a positive review about it. Only scam websites give it a 5 star rating.
Furthermore, we searched for some real user testimonials about this school and found nothing. The only testimonials/reviews you will find are on that particular website. No third party entity is talking about this school either. We think this is a major red flag considering that this man claims to have a fair amount of experience in the field yet no one is recognizing what he does. Sounds ridiculous.
While price action is a sound method of trading, this man is an outright con because all he claims to teach can be found on this thread — james16 Forex Factory for free.
This man just put everything he learned from that thread and decided to offer it for $300. That was shrewd especially now that his website claims that you can become a VIP member of forex school online for free. Is there anything like VIP membership status free?
And now the million dollar question is, why teach others if you can trade and become rich out of it?
You might argue that these people have time and love to teach others, right? After all, why not teach people if they can earn a small side income from it?
But you see, the problem is that this man is not a profitable trader himself. That’s why you will never find him teaching and demonstrating his lessons on a live account. Those who have purchased his training know that fact for sure.
We’ve got evidence that 100% of his earnings come from Forex School online since he is not a profitable trader.
Word has it that he has made over $150,000 in a year out of membership fees (remember his site claims that VIP membership is free which is not the case). He’s probably a copy-cat since he is using the same idea as someone called Nial Fuller to run his Forex School Online program. The content of this scam site is similar to that of Nial’s website.
Moreover, he rarely shows his members any live trades that he has taken, plus it’s very expensive to take lessons from someone who doesn’t do well trading Forex. We therefore advice you to sign up with the real Forex mentors here. Forexmentor.com consists of a collection of courses where all demonstrations will be done by the mentors themselves. No beating around the bush.
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