Let’s agree on one thing: that the hallmark of a good trading room is when the moderator is able to show clearly their entry and exit price on the chart for everyone to see. We mostly prefer a trading DOM because this is where a live account with all profits, losses and trading activities are showcased.
In addition to this, a trading DOM will show you whether an order has been filled or is still parking. And as far as this discussion is concerned, Ace Trades (Acetrades.com) has not shown us any trading DOM. Every day we asked the moderator to show us their exact entry and exit prices using a screenshot. But not once was this request honored.
Finally, we asked that Ace should provide us with an account statement for their day trading results. Again, this request was completely ignored.
So what exactly is Ace Trades before we even go far? Well, this is a day trading room also doubling up as an educational advisory business.
Ace Trades currently offers a 6-month mentoring program costing $3,999. You have to pay this cost in full in order to gain access to their so-called daily live educational training.
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They used to offer 3 other packages namely Gold, Platinum and Diamond. Looks like these packages are no longer offered.
Back then, their most expensive trading course was sold at $9,800. All the three packages came with special ‘ace indicators’ which were supposed to serve like magic indicators for predicting what the market will do next.
The difference between these packages was time allotment that learners had in the trading room.
Now, over the course of the year, we have been receiving requests from prospective consumers to have Ace Trades reviewed.
Then sometimes last month when Ace Trades was running a free 3-day trial offer, we signed up to get a sneak peak of how the service worked.
Of course the 3 day period was not enough to enable us do a thorough investigation on this service. So we made it our job to sign up with various alias names and email addresses whenever they threw subsequent 3-day trial offers like this particular one that we had signed up for.
During this investigative phase, we were using different IP addresses to give the impression that different persons were signing up and testing their trading room service.
You see, over the years, experience has taught us that these trading room moderators will always craft a narrative whenever the same prospective customer shows up in these free trials. So that was the purpose of using different IP addresses.
To be honest, it’s hard to explain what we found inside this trading room. There is a lot of carnival barking with nothing in the way of live trading activities.
At one point, the markets would move wildly in favor of the Ace Indicators. And guess what, Mr. Ace would shout in his excitement, screaming how the Ace Indicators had predicted that particular move.
Then after a while, this man would repeat the same shouting, announcing that the market is in reversal mode.
We find this very startling indeed. To be quite honest with you, this man sounds like he is losing his mind. His behavior reminds us of an out-of-control sports caster who keeps rambling with every move that a ball makes in the pitch.
One minute, Mr. Ace comments that, ”Well, the Bulls are taking control.”. The next minute, ”Oh, you should watch that reversal.”
This kind of behavior is borderline insane. Ace is clearly out of control and probably needs rehabilitation before he can continue lecturing at Ace Trades website.
The whole idea of Ace Trading market scene is that this guy has simply learned that excitement sells like sex. As usual, people who are looking to use some sort of a trading room are always looking for some kind of fun. Now, Ace Trades has got the fun for the guy who is dying to participate in some excitement. However, the problem is that money is not made this way.
The truth is apparent now. Ace Trades does not have any set of special Ace indicators that will give traders an edge in the market. At least take it out of your mind if you haven’t.
But if you keep watching his post market video commentary, you will see that this man is perfectly able to call market tops and bottoms. He has just mastered the art of deceit.
Not only is this guy admirable, but he brings fun into his trading room, and people actually get attracted to him because of that.
When we sat through his ”live trading room classes”, we watched in disbelief because any intelligent person would definitely smell a rat in how this guy was conducting his trading activities at Ace Trades website.
You see, sitting for a trading room session can be very boring. But at least the trade room that we encountered at Ace Trades was lively. This man simply warmed up every session with his colorful language. But of course he was a charlatan, a carnival barker that was used to siphoning money from unsuspecting members of the public using this trick.
Therefore, we can only give him credit for keeping things interesting. But the down side is that after getting entertained, this man will take your money. The repercussion would be great, keeping in mind that you just donated $3,999 for a useless training.
We do not know why this website sounds exactly the same as this domain name Acetraderfx.com. Someone should tell us whether these two are related. We have investigated this matter for some time now and our efforts have been futile so far.
As we wait for further clarity, we should probably proceed by telling you that Ace does not live trade. Instead of trading, he talks about how good his trading systems are.
When you get lured by his Ace Trades website, you will see that all he can talk about is how his trading indicators do handle all markets at all time frames.
There is no proof of trading whatsoever. Remember we told you that this man had turned down our request to access these records several times before. No amount of persistence could make him produce any form of evidence that he trades a live account.
We have come to realize that this man records raw market footage, then he records a ‘live’ trading session with the help of previously captured market footage. This is the greatest form of trickery that these charlatans use to pull money from your pocket. Not only is this fraudulent behavior practiced at Ace Trades, but it is also practiced in a number of scam trading schools that we have reviewed before.
To be honest with you, it is not easy finding a good Forex or stock trading school. Nearly 90% of stocking trading schools are run by internet fraudsters.
We suggest that you should sign up with Tradenet on this list perhaps. However, if you plan to stick to Forex trading, then there are many expert advisors in that list. Remember to purchase a VPS as well.
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