Estimated reading time: 6 minutes
We’d like to bring your attention to this review of the Z-50 Trading system. It is highly praised by the developer as a very efficient Forex trading system. However, we doubt those claims because this developer does not present his evidence to prove that indeed the Z-50 Trading system is profitable.
The developer seems to have created a number of other Forex trading systems in the past. These include Z-20 advanced breakout system, Z-20 Robot, Z-5 Advanced scalping system, the Z-swinger system, Z Winner among other Forex trading systems whose names begin with letter Z.
Now, our main concern is that none of these trading systems have ever been praised by those who used them. For example, several Forex Peace Army users complained about the Z Winner system because it was blowing accounts.
Some customers say that this developer does not respond to emails and that once you pay for the system, you will never hear from them again.
Others also claim that this developer does not refund any money even if a customer places and order and receives nothing in return.
This product has an average ratings of 1 out of 5 stars. These ratings coupled with the numerous complaints against this developer is evidence enough that you will get nothing even if you buy the so-called Z-50 Trading system.
The focus of this review is on the Z-50 Trading system anyway. So let’s discuss what we hate about this Forex trading system plus why we think you should not use it.
The developer of this system does not say whether Z-50 Trading system is a trading robot or an indicator. He expects you to figure out this information on your own. We feel that this is not professional. It’s one of the things we consider as a red flag.
You see, when selling a digital product on the internet, you first name the product and give a complete description of what you are selling. In this case, this vendor only says that Z-50 Trading system is an efficient trading system that will provide you with enough income for living a comfortable life.
Of course we do not believe those claims since no evidence has been presented here.
Furthermore, this developer is an anonymous person. The website Zwinner.com does not have any information about them. We do not even know their whereabouts as no physical address was presented.
On top of this, the developer does not say whether or not they have traded Forex before. So we don’t know their experience or track record of trading.
In other words, if you opt to buy this system, you will be purchasing a system whose owner is anonymous. This gives them a lot of leeway to steal your money. In fact, it’s the reason why so many customers complain that they placed their orders and never received any response from this vendor.
The Z-50 Trading system is a set and forget trading strategy as explained by the developer. They claim that this system has been on demand for so long and that now it is finally ready.
The developer says that the first method of trading with this system is the ”set and forget it method”. The second method is ”Monitor your trades” to get a much higher return than the first method.
Well, in reality, these are not methods of trading. They are called strategies.
The developer says that in the first method, you should place your orders at 01.00 Eastern Time and set both your Take Profit and Stop Loss at 40 and 50 pips respectively. Then go to bed!
Sounds easy. But then, we find ourselves asking questions. Why do you always need to open the charts at 01.00 Eastern Time and not at any other time?
Is there any specific time when trade signals will form? Our experience tells us that trade signals can form any time. You do not need to necessary set trades at 01.00 Eastern Time.
Anyway, this is beside the point. What surprises us is that Z-50 Trading system is promoted as an efficient system that will net you some 40 pips by the time you wake up in the morning.
The set and forget method of the Z-50 Trading system is said to net between 200-600 pips each month without any challenge.
The developer even claims that this will make you between $2000 and $6000 every month for only working 10 minutes a day (assuming you’re trading single lots).
Well, that’s a perfect world scenario. What you don’t realize is that this developer might have overlooked the potential losses which you incurred during that particular month. If you hit the stop loss 5 or even 10 times in that month, it would set you back by a large margin. You would never see that profit. So this level of assumption is really inappropriate in this case.
In fact, Z-50 Trading system comes across as a scam because the vendor claims that it will give you 40% return on investment every month.
The second method is where you sit and watch Z-50 Trading system do its thing. In this method, Z-50 Trading system will make you between 600 and 1000 pips. After several months, you will be averaging 800 pips which of course makes you $8000 per month.
The vendor of Z-50 Trading system says that with $5,000 live Forex account, you will make 150% return on investment every month.
At this point in time, we can only laugh at these claims since they are not backed by any evidence. This anonymous vendor does not even seem to be a day trader himself. It’s the reason why they do not have a live trading account. Secondly, their true intention is just to scam naive traders. That’s why their promises are just too good to be true.
This vendor claims that with this product, you can turn a ‘No trade into a winning trade’. What exactly do they mean?
We presume that this is a magical system that can trade even if there are no signals.
The second claim that bothers us is that with this trading system, you can turn a ‘losing trade into a winning one’. How on earth is this possible?
If a vendor is big on claims, you should know that they are just being good marketers.
This vendor claims that they were able to make 842 pips in June 2008. But they don’t have a trading statement showing that Z-50 Trading system helped them net those pips.
When asked why this system doesn’t have a live trading performance, this crook simply said that giving out those results would reveal their secret. But how?
Here, we are concerned with myfxbook results, not any other evidence.
Unfortunately, they are not willing to cooperate. And in retaliation, we are writing a negative Z-50 Trading system review.
This crappy trading system has nothing good for you. You better use these Forex products instead because Z-50 Trading system has not been proven to work as this vendor is arrogant and very economic with information that would point to real evidence that their trading system is profitable. Avoid the work of charlatans.
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