FX Trading Advisor!! What do you think of it? Can FX Trading Advisor be trusted with their highly controversial claim of 7,000+ pips? Well, we need to take these claims with a pinch of salt. If such systems existed, traders would be having a field day in the financial markets. Statistics would just say that 90% of traders are successful, while 10% are failures.
But it seems that the number of those who are losing money to Forex is increasing by the day. This trend is motivated by the fact that scams have dominated the industry, and many traders are falling victims of these scams, hence the percentage (of losing traders) keeps rising.
FX Trading Advisor is a signal service that was launched some time in 2016. The website http://fxtrading-advisor.com/ paints it as a very profitable signals service which you and me should be using for our trading activities.
But before we can take them seriously (because most of the signal providers out there are not), we need to evaluate them, and find any evidence out of this website which suggests that people are using their signals and are actually netting those results.
Results on paper are quite different from practical results. You need to understand this. FX Trading Advisor may not be what it seems to be on paper.
Therefore, there is no need to get excited because this is not a gold mine. And probably their sales gimmicks will suck you in and make you lose money if you don’t approach them with caution.
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No it is not a scam. But it’s a service that will not give you value for your money. We see that they have a $1 trial period which should last 14 days. After this, you should be subscribing to their premium signal service where you will pay $39/week, $99/month or $249/quarter.
In exchange for your money, they will send you ”great” signal alerts through your email or a special phone app. These signals are supposed to be copied to make profits.
Again, they claim to have a 60-day money-back guarantee for those who will not be satisfied with their signals. Even the $1 that you paid for the trial will be refunded (that’s according to FX Trading Advisor website).
They also claim that if you fail to realize profits or at least 100 pips in the first month, they will let you access their signals for the second month free of charge. That’s where the problem is.
Why would you use a signal service the second time if it had failed you in the first month? It would certainly take a dumb person to do this kind of thing.
The signals can never get any better, and using them for the second month will not change things. It won’t change the fact that those signals are poor quality and are likely to fail a second and a third time.
Therefore, this 60-day money back guarantee is useless. It only serves the agenda of FX Trading advisor and not the trader who is subscribing to their service.
Secondly, even if you get a refund within this period, remember that you will have lost a lot of money in your trades. This is something that most people don’t remember, yet the loss will easily surpass what they recover from these guys.
There is no way that FX Trading Advisor can claim success yet it is not popular in our circles or the trading community in general. We realize that it was launched in 2016, which means that it has been around for quite a while.
We should be having lots of user reviews talking about this service….. if indeed their service has an 81% win rate. That’s enough to make us millionaires in a significantly short period of time, don’t you think?
If users of FX Trading Advisors exist, they should come online and talk to us about their experience with this signal provider. Unfortunately, no one has done that up to now.
That is the reason we said that Forex profits on paper does not mean profits in a live trading environment. Even though the so-called myfxbook results have portrayed this service as profitable, there is still no guarantee that people will replicate those results on their accounts.
We’re sure that people have tried this signal service, and they never went far. That is the reason no one is talking about it. If the $1 trial period is anything to go by, then we are very sure that every Tom, Dick and Harry has tried this service at any one time and they were not pleased.
Thirdly, we don’t know if these results or figures were somehow rigged. It’s very possible to cobble these things together by deleting and adding figures where necessary. At the end of the day, we will just have an ”MYFXBook” results to present.
Another thing is that most signal providers will present their best moments with a live or demo trading account. However, they will never do the same for those accounts which have suffered misfortunes.
In other words, if you get convinced by what they are telling you, then it means you’re gambling because you’re trading with a system that depends on chances. Remember, what you saw as ”past performance” could have been taken from a demo account that performed astonishingly. But you still don’t know the other side of the coin.
They have a wide range of ”bonus products” which they claim members will receive when they sign up for their signal service. But remember that the main product has already failed. How can bonus products from this signal provider assure us success?
Basically, this is just a marketing gimmick which they hope will encourage you to subscribe. They know that you’d like to receive a free ”gift” since humans are naturally wired to love free things.
We believe that these bonuses don’t serve any purpose. As a matter of fact, we were interested in the main product and its potential benefits. But we never saw any of its benefits as far as trading is concerned. The bonus is just not worth it.
You’ve got to up your game if you’d like to pursue profits in Forex trading. We understand that most people don’t possess the skills of trading properly. That’s why nearly everyone is looking for a profitable signal or at least a Forex course that will teach them the secret of successful trading.
The good news is that people can still trade and expect realistic profits. But for that to happen, they need to find a reliable system or someone who can hold their hands throughout the journey. But it won’t happen with FX Trading Advisor.
Unless FX Trading Advisor can prove us wrong, there’s no way we will recommend this product to anyone. Nevertheless, if you decide to use their signal service anyway, you will have yourself to blame for the losses which you incurred. It’s up to you to decide.
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