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Solastrade Review: Is this a Scam?

Solastrade Review: Is this a Scam?

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Solastrade is a Forex trading school that believes the learning curve which takes years can be shortened and traders can begin trading like professionals in a very short time. The site claims that traders can spend less time learning and more time trading. According to the owner of this website (it appears to be run by a one man army), this is the last course that one will ever buy on the internet since they are claiming that the course material cannot be found elsewhere as he is teaching very special trading tactics. The owner of Solastrade.com makes the following statement:

”My goal is to offer you a faster path to success by providing expert market insights and time-tested strategies. My Intensive Forex Trading Course is aimed to help one to start trading as soon as possible. Save years and thousands of dollars. You will learn from a professional Forex trader with 17+ years of experience. By learning to prove trading methods directly from the professionals themselves, you avoid years of needless struggle and wrong parts that only end up depleting your account and taking your dream away from you.

What I teach you is by far the most sophisticated trading approach you will find anywhere. I literally show you how to “read” the market in such a way as to eliminate losses from your daily trading. I teach you how to truly understand the market’s short-term behavior.

This course gives tactics and strategies not taught anywhere else. You will literally be able to trade circles around the others using those primitive techniques. Picking their pockets will become your past time.”

solastrade

Solastrade is currently enjoying a 5 star rating on forums like FPA. The course is exorbitantly marketed as the price of a copy is $2175. The sales page claims that the normal price is $8700 but this has been slashed down to the current price. We feel that this is just a sales gimmick and there is no particular day that you will visit this site and find that the price of this Forex trading course has gone up. But nevertheless, we will look at this course in details to try establishing the truth. Are those FPA ratings real or fake (yes they can be fake because fpa moderators have admitted many times before of suspicious reviews being submitted by people hiding behind different IP addresses.

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Solastrade review

There are 17 5 star reviews on the FPA forums which we find suspicious. For every good product out there, there must be criticism and if a few people are not saying what they did not like about the product, then definitely what you are reading has to be fake.

On the sales page (which is a simple sales page by the way), we cannot even find the name of the owner.. What we can see is their alleged trading results which is not connected to any myfxbook account. We will be getting to this shortly but what you should know is that the owner of this trading school should have introduced their name and trading background instead of just saying they have 17 years of trading history. We also need to a track record of at least 5 years if indeed the owner of this forex cause has been trading this long.

What does Solastrade entail? Here’s the summary

The Trading course is ideal for those who have tried trading for themselves without success or need more guidance on current global trends and trading ideas.
You will be surprised how quickly you can start to trade like a Pro.

What YOU Will Learn

  • How to trade forex contracts with low-risk strategies. This trading system works on any timeframe and any instrument.
  • Which time frame to trade.
  • How to interpret Price Action.
  • How to identify big traders.
  • How to spot and trade high-profit chart patterns.
  • How to find high probability Counter Trend trade setups using only one technical indicator.
  • How to set up market targets.
  • How and when to exit and take profits before YOUR winnings turn into losses.
  • How to implement a money management system that will help you preserve your capital, yet allow you to maximize your profits.

Any proof of trading performance?

There is definitely a lot of convincing here and there and for that reason, we were able to find a profit curve with a summary of what their trading room has achieved so far. This profit curve does not provide dates that the trading started. All we can see is profit and loss. There is no link that can take us back to the myfxbook account where this data was pulled from and definitely this is not updating in real time. You must therefore know that these performance records cannot be verified and trusted since this has been uploaded by the website owner and they have 100% control over the data that goes into that curve. A simple photoshop software can do the trick.

Should you buy this course?

One thing that we have realized is that Solastrade is selling their course for a very expensive price tag and we honestly don’t believe that a trading course should cost this much. They are justifying the price tag by saying that this is the only trading course you will need. Well, why is it that the only proof of worth that they can offer is in form of fpa reviews and not concrete trading results from a myfxbook account?

Secondly, we need some transparency where we can know upfront who is selling this course and for how long they have been trading. They can show us their trading history for us to go through and make up our mind.

Our best advice for you

We would really love to believe the community feedback on fpa forum. However, we don’t want to be as gullible so as to believe just about anything we read. In the meantime, you can invest in an automated trading solution.

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