In this review, we will be focusing on a Forex indicator that promises up to $12,000 or more per day in profits. It’s known as the Trend Profiteer system. This trading indicator can also be accessed at a cost of $37 on a bi-weekly basis. Trial is available for $7 in 7 days.
The developer claims that he would have sold Trend Profiteer system for $997 because that is the true value of this software. However, he chose to slash the price to make it affordable to everyone.
Of course we do have issues with Trend Profiteer because first, it is linked to Traders Elite website by Michael Nurok. We have discussed this website in details here. You can read about it before proceeding with the rest of this review.
We also noticed that all traffic that lands to the Traders Elite website is ultimately redirected to the Trend Profiteer landing page. However, visitors are not told in advance that the product they are being asked to sign up for is known as Trend Profiteer. Instead, the Traders Elite website calls it Trend Catcher indicator.
The website invites users to copy their signals and learn how to catch trends or swings just before they form. But when they click a link that says ”copy our signals”, they are redirected to Trendprofiteer.com which, in this case, is very misleading.
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Therefore, after investigating the landing page (which consists of more than 10,000 words, we have put together this review to help you make up your mind.
Basically, the proclaimed profits on the landing page of this Forex trading tool are not attainable. There is so much hype going on here.
First of all, Michael Nurok is someone who doesn’t have a reputation of trading successfully. Ask him to show you his redacted broker statement and he will create several excuses not to produce one.
Chances are, he doesn’t trade. He makes money by first being a good marketer, and secondly, selling his numerous trading products on the internet.
So, why exactly is Michael saying that Trend Profiteer is the ‘holy grail’ of trading? Perhaps we should look at some of the reasons he is giving to help us answer this question.
First of all, Michael says that this system has a risk reward ratio of 20:1. What does this mean? It means that every time you enter a trade, you will be potentially setting yourself up for winning 20 times the value of money that you could lose in that particular trade.
That risk reward is so huge and most of the time, trading systems don’t strike that kind of ratio. It depends with a number of factors such as the market you’re trading and the conditions of that market at that particular time. There is no saying that each time you enter trades, you will be guaranteed of that risk reward ratio. Obviously someone is selling snake oil here as evident by lack of factual information on the landing page.
The Trend Profiteer system is also purported to have 80% win rate, and that this win rate can always improve as you gain access to Michael’s ”advanced trading strategies”. He claims that with his strategies, you will have a consistent success rate of 85%+. We know that no Forex trading system in the world can consistently achieve that success rate. It’s only magic trading indicators that do so — and that’s a pipe dream.
The Trend Profiteer system is basically exaggerated. For example, Michael says that this system comes with rules that must be followed. These rules in conjunction with his system have made him over $50,000 in 30 days.
He also claims that he has since made 1.24 million dollars using his knowledge of trading. This knowledge is now packaged into what he is referring to as the Trend Profiteer system.
Again, the problem here is that Michael is just talking. No proof has been given. All we have on this web page is a bunch of MT4 screenshots showing the Trend Profiteer system in action. It is not clear whether these accounts are real or not.
It is also not clear whether or not these screenshots were meant to be treated as back-tested results. Under each one of the screenshots, the website shows the various amounts of pips and dollar profits that were made.
Some of the trades that Michael purportedly took with his so-called Trend Profiteer system made him $12,000 in one day. This is of course hard to believe. With just a little bit of common sense, the clever trader will see that the Trend Profiteer system is a snake oil product.
When you subscribe to the Trend Profiteer system, you will be given access to their members’ area. This members area consists of trading videos, premium trading tools, manuals, and kick-start guides. It also has a chat room where you can speak directly to Michael Nurok and his buddies.
You can watch over his shoulders as he demonstrates his ‘live trades’ with the Trend Profiteer system. You can also talk with other members as well because this chat room has real experts who will be willing to hold your hand.
Michael promises you a life of total financial freedom because this trading room is where people like you polish their skills in trading as they watch ”experts” do what they love to do.
This sounds very appealing. The question is, does it transform into real Forex profits? That’s what we need to know.
In this landing page, Michael Nurok assumes the role of an expert trader, probably to distract visitors from questioning his trading records.
The rule of thumb is that any expert trader should keep records of their trading. Since they claim to trade every day, they should have proof of their trading activities. That just makes sense.
However, in this website, there is no single evidence that Mike actually takes the trades. Like we said, Michael only uses a bunch of MT4 videos showing how the Trend Profiteer system made huge amounts of money on various pairs here and there.
Of course ”experts” also love to use jargon. Mike is not an exception here. He claims that when you join him, he will teach you Zone Profiteering, Trading in the Goldilocks zone, Trade Grinding, 6th sense trading and many more.
Now, these words are often used by fake trading gurus, and you know them very well. A newbie clearly gets lured into throwing their monies here as soon as they hear such words being mentioned.
What is 6th sense trading? Mystical stuff? Certainly. That’s what Michael wants to teach you so that you can make $12,000 per day with his Trend Profiteer system.
At this point in time, we would like to conclude that Michael Nurok is a charlatan. He has never proved any of the trades which he claims to have taken and made crazy amounts of money. Instead, he only relies on unrealistic promises to promote this piece of crap.
We are asking you to desist from using this indicator because clearly it is meant to lose money. Use these trading systems if you want to venture into the business of Forex trading.
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