MoneyBull

Here is my second Forex Signals review: TopForexReview .

Website: TopForexReview
Tried for: About 50 days
Price: Free
Overall result: -$900 (Amount I risked: $1000)

Ratings

Profitability: out of 8
Honesty: out of 8
Easy to use: out of 8
Support: out of 8

Review: Cindy from TopForexReview.com claims to be professional trader since 3 years. Here is the truth:

I tried Cindy’s signals for about a month and a half. Cindy’s trading style is “Swing trading”. She keeps positions for a long period of time and doesn’t open too many trades at the same time. She always uses 10% or less of her margin. Cindy mostly trades at the beginning or during the New York session which was convenient for me. The bad side of it is that you constantly have to check your e-mails. I followed Cindy’s rules exactly without exception during my test. My experience started at the beginning of the summer.

Cindy began by keeping some GBP/JPY Long positions. She was also selling the USD/CAD. After a few weeks, as you may all be aware, during the summer, the GBP/JPY crashed really bad. Every analysts were saying to sell and take your losses but Cindy kept her position. Then the GBP/JPY crashed harder. Cindy advised not to take our losses yet and even took a 6% margin Long (BUY) EUR/JPY trade! I then began to be suspicious of her so-called “experience” because every Forex trader knows that sometimes you have to take a loss when it becomes too dangerous.

In short, she kept her Long (BUY) positions of GBP/JPY and EUR/JPY despite the crash that happened and all the analysts comments. This is when I got a margin call and my $1000 became $100 in less than a month.

Cindy doesn’t know when to take a loss and acts like a margin call is nothing special. She said that these things happen and that she will be more profitable in the future. If you want to make money in the Forex market, please stay away from Cindy’s signals and TopForexReview.

I’m going to start my first Forex Signals Review by reviewing a very popular website: Winning-Solution.

Website: Winning-Solution
Tried for: 5 months.
Price: At the time, $150. Now: $199.
Overall result: -$200 (Amount I risked: $500)

Ratings

Profitability: out of 8
Honesty: out of 8
Easy to use: out of 8
Support: out of 8

Review: Winning-Solution uses a simple technique that involves trading 20 points around the Pivot Point. The targets are mostly set by support and resistance levels but WSS uses its own calculation for these Targets. I started testing Winning-Solution in the beginning of the summer. At the time, they required me to wake up at 2 A.M. for every trades. Despite this obstacle, the results were very good. Mr. Ashar (the owner) requires you to go into the forum every day to check the trades.

I made about $400 on my first few months. After these first few months, the results started going down very fast. I lost about $600 in the last months.

Also, he frequently changes the target at the last minute, making it impossible for those that can’t stay awake at this time to have the same results as him. The results are also not very honest. I have seen a lot of time Mr. Ashar saying that he closed his trades early (in his advantage, of course) without advising any members of this decision. Only the negative results (those that Mr. Ashar can’t fake) are honest. When you look at the performance on their website, you should subtract about 150-200 pips from the monthly results to get the real results.

Lately, Mr. Ashar has changed his technique (something he does A LOT, he changed it about 5 times in the 5 months I have been a member) so that he uses Bollinger Bands to confirm his signals. This, again, makes it impossible to follow for those that sleeps at the time he trades (He lives in Indonesia, so for those in North America it’s at 2 A.M. until 1 P.M.). This is when I asked for a refund, because I couldn’t follow his signal. I had to request it over Paypal, but he sent it to me promptly.

In case you want to use his Expert Advisor, beware. I’ve tried it a few times and half of the time there were major bugs (not opening trades, opening 10 trades instead of one). I wouldn’t risk my money with this automated tool.

In overall, I do not suggest subscribing to Winning-Solution, unless you can stay in front of your computer all day and night. The results are dishonest, and the only good thing is the Support.