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FX 220 Review: Is it a Scam Forex Training Program?

FX 220 Review: Is it a Scam Forex Training Program?

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Our email inbox has a couple of messages from people who made silly purchases in their desperation to gain financial freedom, which was never to be. They gave in to the silver-tongued snake oil marketers of the internet, and I am hoping that the stories that will be coming from FX 220 training experience will at least put a smile on my face.

The Fx220

If that’s not the case and you are planning to start a carrier or part-time business as a Forex trader, these trading resources can help you.

Just last year, a 60-year old man with ”no wit” told me that he lost his life savings to a smart penny stocks scammer. He had worked hard to save up for his retirement. He actually revealed that he was 60 years when he joined the financial markets, and he was hoping to multiply what he had made in his working days for a better and more secure retirement.

Although FX220 is not charging a lifetime’s savings to access the training and one-on-one coaching, it would be really bad for you guys to pay $697 and then come here asking me what to do.

Is Oussama Amara of Fx220 a Forex trading guru or a snake oil salesman? You’ll find out in the end.

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Our review is about Fx220 Forex trading school that claims to have registered 200 students who are consistently making money. I hope Oussama or at least a couple of students can verify this claim.

The website sells coaching and private 1-on-1 mentoring for $697. Fx 220 maintains this Facebook page in addition to a YouTube channel that was created 1 year ago and mainly posts trade demonstration and inspirational videos.

My warning is that before you spend $697 on a Forex training experience, you need to be sure that you’ll find value in the training.

Fx220 Review

The FX 220 website claims to teach learners how to achieve consistent profits. It is managed by
Oussama Amara who claims that he was taught by an institutional trader with 20 years of experience

Once an individual is through with the full FX220 Forex course, they can have a one-on-one Skype conversation with Mr. Amara.

Other channels through which support is offered include Facebook, Twitter, Instagram and email.

When students sign up, they get to learn how to identify valid trading setups, how to identify accurate entries which hit take profit with 90% win rate.

Oussama tells his students that they can finally achieve consistency in the shortest time possible because Fx220 is a solid system and education program. He claims that his training is meant to dispatch the knowledge and skills needed to become a phenomenal trader.

The FX220 method is allegedly a simple and systematic approach that covers all aspects of trading. We can diminish our losses and skyrocket our win rate to 90%, thanks to the Fx 220 Method.

We hope the numbers which are being thrown around here can be backed by actual trading performance and some customer reviews as well.

Fx220 Forex strategy

I have gone through the course content but what I am not getting is the exact trading strategy.

The course seems to teach a combination of fundamental analysts, technical analysis, trend direction, market cycles, Fibonacci levels, trading with news and trader psychology.

The exact strategy has not been defined. If there is a unique strategy that is being taught here, we will soon find out.

Who is Oussama Amara of Fx 220?

He is the owner of FX 220 and lead trader as well. He claims to have learned Forex trading at an early stage.

Nonetheless, when I look at his profile picture on the FX 220 website, I see an element of luxury, pomp and glam. I call it ”trader porn”. This is my way of referring to the kind of content that snake oil marketers use to impress the financially-desperate who believe they can make a million dollars if they buy a magic Forex trading course with one-on-one coaching.

The intention of posting a picture and a Mercedes Benz car nearby is to make you think that the supposed trading guru is wealthy. Ask yourself whether his money is made through trading or selling trading products.

This trick has worked for many fake trading gurus who are actually offering nothing other than charming words and stunning imagery. You discover that you have been scammed right after you push the ”buy now” button, thanks to your greed and imagination.

We must confess that this is the first time we are hearing about Oussama Amara. He is not known in the trading circles and he definitely needs to produce proof of his trading in order for me to believe that he qualifies to join the league.

We just don’t get persuaded by pictures of Oussama hanging around his black car, sipping an expensive cocktail and admiring bikini girls on the deck of a private yacht.

Fx220 performance results

Oussama claims that his students have been placing trades with 90% win rate. He also claims that he periodically shares his trades with his students. We would really appreciate seeing these records.

What we do not understand is why Oussama is not providing his independently verified trading results. Those of his students are also hard to come by. In short, there are no trading results to verify these claims.

Customer reviews

Their Facebook page has 28 reviews from people who have rated fx220 course with 5 stars.

While the reviews are impressive, what I do not understand is how a trading school can receive 5 star rating from all students. Does it mean all the ”200 students” are happy? Oussama must be the smartest Forex teacher out there.

Our best advice for you

We would like the presentation but what Oussama should come clean about is why his website doesn’t have his own trade results.

We do not want to sound mean but the truth is that if you are going to pay $697 for the Fx220 strategy or the training experience, you need to scrutinize the alleged track record to ensure that you are not buying from a snake oil internet marketer. Stick to these highly recommended trading resources.

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