We are looking at Paul Langham’s website Exact Trading because he promises his clients superman-like trading abilities through a price action course dubbed ”Forex Uncensored”.
The Forex uncensored price action trading course gives access to membership on the Exact Trading website in addition to daily video playback (with examples), trade analysis sessions as well as weekly webinars with member participation.
According to Paul Langham, we learn that he is based out of Brussels, Belgium and started this website some time in the year 2015.
Claims to have worked in the banks for 30 solid years and only quit working for them when he ”got fed up”, looking at how the financial institutions are taking advantage of the masses. Mr. Langham is supposed to be the savior of those who want to learn how to become successful as Forex traders.
On his website, he explains that he is a Price Action trader who watches bank levels in the market.
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Exact Trading is a Forex trading school which offers a membership course, an opportunity to get started with a funded account (via ftmo.com), as well as access to a couple of expert advisors named the London Breakout EA, Big Candle breakout EA, Momentum 4.2.3 and Momentum 0.8 EAs.
We had an opportunity to look at London Breakout EA’s myfxbook performance since December 2017 and we must say that even though the EA is ”in the money now”, we cannot understand why it experienced poor performance between December 2017 and April 2018. These were consecutive losing months for the EA. It only started making profits from May onward.
We also noticed that London Breakout EA’s myfxbook performance has a minimal gain of slightly over 10%, which is quite unreasonable considering that this EA has traded for at least 6 months now (losing trades in the first 3 months). The account should be showing us a growth of at least 50%. Otherwise, everything else in this myfxbook account looks perfect. The draw down is at 2.96%, which is quite impressive by all standards.
We have also looked at Big Candle Breakout EA’s performance and noticed a loss of -2.33 since March 2018. Although draw down is quite small, these results are not pleasing at all. We think that based on these two expert advisors’ performance, we can have a clear picture of how Exact Trading EA’s work and what you should expect out of them.
In summary, we learn that:
It looks quite professional. However, information overload can be a concern here especially if you don’t have much time and are only skimming through the content.
Mr. Paul Langham is also exchanging two free daily price action analysis videos for your email. There is nothing wrong with this. Paul Langham guest-blogs on the trading analysis section of FXStreet and has also appeared on a couple of other industry websites. However, the problem I have with most of these trading gurus is that they simply believe that appearing on these sites will give them some sort of credibility.
But at the end of the day, we only want proof of trading success as opposed to the number of times a trading educator has appeared on various Forex trading blogs out there. What we are not able to find out is Paul Langham’s history with the banks he claims to have worked for in the last 30 years.
The rest of the content on the homepage of Exact Trading website feels like marketing fluff as Paul only concentrates on this and that of Forex Price action trading and how he can turn you into a successful trader.
In the promotional content on the Exact Trading website, Paul claims that he will show his students the ”secrets” of the Forex market. We take this with a pinch of salt as this is just another marketing gimmick. Then he goes ahead to show us photos of how he enjoys his supposed life of financial freedom. This can be quite misleading to the new trader. Beware!
To gain membership on the Exact Trading website, students must purchase a price action trading course worth $249. Lots of other bonuses will follow. However, he claims that getting an opportunity to be trained by him is not easy. He is only open to training 4-5 people. He must assess them first before deciding whether or not to let them in.
This feels like another marketing stunt to try pushing more people to sign up. When something is scarce or when internet marketers create the illusion of scarcity, more people get to knock their doors thinking they have found ”Gold”.
Oh, and we forgot to mention that for the price of 1149 GBP, he will sell you his London Breakout EA. I don’t think anyone in their right mindset should folk out this much to purchase an EA that makes 10% returns after 7 months of trading. Not worth it.
Although ExactTrading.com feels more like an ethical trading educator’s website, he spoils the party with lots of marketing fluff. He further ruins it with a losing myfxbook account on one of his highly praised expert advisors.
Paul Langham may be famous because he is quite good at negotiating deals with other industry websites. However, I still do not feel that his supposed track record can be verified. His story of 30-years of trading with the banks comes across as a mere hoax.
But just in case Paul can produce some sort of proof, we can consider revisiting this Exact Trading review to make the necessary changes. If you have had an experience with this Forex trading school, please do not hesitate to leave a comment below this post. Thanks for reading the Exact Trading review. Stick to the recommended trading products.
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