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Positive Traders Review: Is this a Scam?

Positive Traders Review: Is this a Scam?

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We are reviewing a Forex trading education website run by David called Positive Traders or positivetraders.us. The domain extension suggests that the owner is probably based in the US and is primarily targeting US traders who want to learn the art of trading before taking the plunge. The website is allegedly providing A to Z no fluff Forex trading education and we are very much interested in finding out what this course entails and whether it can add value to a new trader looking to start a career in Forex trading.

In addition to this, David is providing live webinars on his website Positive Traders every month where he claims to dispatch 16 hands on videos to his students. We think this can be mind boggling because with so many videos to watch and analyze, it can easily turn into what we call information overload. This is what is stated on the Positive Traders website:

Learn EVERYTHING you need to know to become a profitable trader with David’s 70+ video lesson library covering A-Z. This is a “NO-FLUFF” course designed to teach you exactly how to understand and find profitable trades. David doesn’t teach “just the basics”; He educates on how central banks operate and how to track smart money. The COT Report, Interest Rates, Bond Yields, and Macroeconomics, combined with Technical Analysis are just some of the things he uses and teaches to forecast the market.

With regards to daily live webinars, Positive traders states the following; Join David LIVE every Monday through Thursday as he breaks down the market in real-time to discuss future/current trade opportunities and how to manage any current open positions and answer questions you might have! That’s 16+ hands-on webinars EVERY month!  Every webinar is recorded and uploaded to your back office.

The website claims that those who teach these lessons have 8 years of combined experience and will provide quality education to traders looking to learn how to trade professionally.

The website of Positive Traders looks very presentable and we are hoping that this quality will be reflected in the course which they are selling. Otherwise, if you are looking for automated trading solutions, we recommend these trading solutions instead. But if you want to learn more about this trading school, we implore you to read more about this trading school in this review.

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In addition to this, Positive Traders also offers a trader copier service where interested investors can simply sign up for a mam account so they can have their funds managed for them.

Positive Traders review

Despite a professional and clean website that is in front of us right now, we are not seeing a lot of information pertaining to the course which they are selling. In addition to this, we are wondering why David did not include a bit of his trading background on his website so that we can know what kind of trading experience he has. We treat all of this as lack of transparency which is not very good especially in the Forex trading industry where there are lots of scam artists who masquerade as Forex mentors. With lack of transparency being the main problem with this site, people cannot make up their minds on whether or not to sign up. For that reason, we had to turn to online consumer reviews on major forums like fpa in order to find out whether there are feedback regarding Positive Traders.

There are links here and there on the Positive traders website. However, it seems that visitors cannot see what is contained in those pages unless they sign up for the course and training experience. This is a very bad sign as far as transparency is concerned. So at this moment in time, we have no idea what the course entails but we will take a look at David’s myfxbook account in order to find out how he has been performing so far.

Myfxbook account of Positive Traders owner David

Luckily, there is a myfxbook account and this will compensate for their lack of transparency in terms of what they have not disclosed to random visitors who bump into this website.

There is a myfxbook account showing a gain of 27% since June 2018. Monthly gain is about 2% which shows that David is a probably a conservative trader as opposed to an aggressive one.

This also means that this myfxbook account is exactly 1 year old. One would ask how on earth one can make 27% growth in a period of 1 year. Well, the most popular funds offer this kind of return and so we believe that David is using the style of trading that is employed by these funds to trade his accounts. Also, draw down is just 11%. This is the kind of trading style that is used by hedge funds. So the question is whether you are ready to invest a lot of money in order to realize substantial returns even if those returns are just 10% a year. Most of you reading this review will say that you would rather find a system that can generate a lot of returns in a year than just 27%.

What are Customer reviews saying?

There are a mixture of positive and negative reviews on the FPa forum. One trader said:

”I joined positive traders around the time it started and from day one it’s been nothing nut knowledge and solid trading from David. He blows me away with his trading accuracy. He is always available when you need him, you just private message him and he always gets back to you.” We have shortened the review but those who rate Positive Traders negatively are obviously complaining because they do not feel satisfied with the small returns and long periods of no trading activity.

Our best advice for you

There is no problem with Positive traders trading school only that David’s style of trading is what some people do not feel comfortable with. If you are after bigger and quicker returns, we advice that you use this these trading resources instead.

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