Forex Review Blog

Is Forex.com A scam?

MoForex — Wed, 07 Jul 2010 01:03:37 +0000

This question has been asked to me many times because of Forex.com (or GAIN CAPITAL GROUP) notariatey in the public domain, people often wonder if Forex.com is a scam or is a legitimate broker.

There have been many things said about Forex.com that are very serious blows to their credibility.

# no end of problems with stopouts
# large out of nowhere spikes
# news constantly arriving late
# graphs freezing right before big announcements
# Manual rate execution is awful
# they use thier massive bank credits and connections to pile one against thier “clients” trade and clean you out.
# They pick your stops and buffer your profit targets.
# It seems about 30% of the time it will take a dive on you.
# The more you place an order the more you will loose your money!!!
# the charts don’t correlate very will with the current bid/ask
# they are taking back a pip when I exit a profitable trade
# I dont get the price that I click on to exit the trade but I get one pip less
# NFA’s disciplinary case against them in early 2007 for compliance violations
# disabled my account
# Gain Capital of New Jersey and New York City, and Forex.com are one and the same shyster outfit.
# SEEMS LIKE THEY ARE WORKING A SKIM OVER THERE.

To me all of these allegations are such ludicrous complaints that you as a trader are at fault for. One guy actually says “30% of the time, it seems like it takes a dive on you?” Is he out of his mind? That means you have 70% winning trades and you still are not profitable? Many of the allegations about Forex.com being a scam are just so out there that they can not be believed.

Top Three Zulu Trade Signal Providers

MoForex — Tue, 24 Nov 2009 05:41:24 +0000

Today I took the time to find the most profitable ZuluTrade.com signal providers and list them here for you to follow yourself. We’ve been discussing up a storm over this on a few forums, in particular what makes these signal providers good, bad, profitable, or just a waste of time. There are close to 2000 individual signal providers with different strategies and trading styles available on ZuluTrade.com right now. Very few of them are profitable and even fewer are profitable enough to not get you into account ending trades.

Provider Name	Pips Earned	Money Earned	Max Drawdown	ROI	Winning %	Followers	Subscribe
Surfing	3107	$28,545.00	-134	57%	98.7	1405	Follow
The Hunter	593	$5,932.00	-49	12%	78	1325	Follow
Cheetah	9817	$98,090.00	-1680	196%	95.8	910	Follow

This graph explained
Provider Name: What the Zulu Signal Provider Calls him/herself.
Pips Earned: Calculated over the last 12 Months, how much this Signal Provider has earned with pips lost subtracted. So this is the absolute value of pips gained and lost. Generally a signal provider should have a few thousand pips gained and NOT hundreds of thousands of pips gained, this is an indication of a scam.
Money Earned: How much this account has earned for its followers in the last 12 Months based on 1 Lot Trades.
Max Drawdown: Very important figure, the amount of negative pips the open trades of a Signal Providers has at any given moment. Generally, a nice drawdown figure of 100 or less is key, this proves that the system has some sort of stop loss in place and will not wipe your account out.
ROI: Return on Investment, in percentage.
Winning %: Is the percentage of trades over the last 12 Months this signal provider has won. I think a winning percentage of 80% or more is key, but so long as their wins outweigh their losses, this is not as important as avg pips per trade.
Followers: Perhaps the most telling figure available about Zulu Signal providers, how many other people are following this signal provider at the moment. This does not prove that this signal provider is going to make you money, but, there is safety in numbers and for some reason or another they are followed by a mass amount of traders.

As always, I would not recommend anything to you, my readers without trying it myself. That is why I am putting up $1000 of my own capital on trying these three signal providers on my own. I will give you updates on my progress but I invite you to come join me in following these signals today.

The Best ZuluTrade.com Signal Providers

ZuluTrade.com Scam or No Scam?

MoForex — Wed, 18 Nov 2009 03:02:43 +0000

The question here is ZuluTrade.com a scam outright, or is it a website thT WILL TURN YOU INTO A PROFITABLE TRADER.

The truth of the matter is, Zulu Trader itself is not a scam, even though this website must make its creaters millions of dollars each year, it really can make anyone who wishes to trade with them a success, if and only if you can find a successful signal provider whose signals you can follow.

Therein lies my concern that ZuluTrade.com is not a scam, but is filled with “scammers” in the sense that these so called signal providers have no business being in charge of their own money in this market let alone ours.

This is not true of some of the signal providers on Zulu, but the vast majority of signal providers will indeed lose you money. This is not an opinion on my part, rather a sober fact based upon researching on ZuluTrade.com.

Do Not Fear, MO4Forex is here… to find you some good signal providers.

Zulu Trade is very interesting in the sense that if you visit my section of it http://mo4forex.zulutrade.com you will see the signal providers that I have weeded out for you to be the most profitable and worthwhile to follow. This is rather important that you pick from one of these providers because very few others will make you money, rather, they will lose you money.

Here are the top Zulu Signal Providers that are not Scams

Provider Name	Pips Earned	Money Earned	Max Drawdown	ROI	Winning %	Followers	Subscribe
Surfing	3107	$28,545.00	-134	57%	98.7	1405	Follow
The Hunter	593	$5,932.00	-49	12%	78	1325	Follow
Cheetah	9817	$98,090.00	-1680	196%	95.8	910	Follow

ZuluTrade.com — Hype or Forex Heaven?

MoForex — Sun, 15 Nov 2009 20:44:24 +0000

Recently over at some forums, we’ve been discussing the many updates and improvements at ZuluTrade.com. There are quite a few improvements on Zulu that, to me, make the website much more worthwhile to use and make profits with.

In light of all of the improvements, I believe ZuluTrade.com to be one of the most useful Forex Signal Sites ever created in history. The ease of use, reliability of the system, and the profitability of a select few of the signal providers there make it one of the greatest tools a Forex trader could have in his or her arsenal.

I’d still warn many of you not to take the Zulu Ranking system at face value, because as pointed out in the forums, there’s some signal providers with very high rankings that will get you into trades that are over 300 and 400 pip losses before turning into small winners. I’d agree this is no way to trade, and regardless of the many different types of trading styles in the world that work despite huge drawdowns, I believe it to be quite irrational to let such signal providers to ascend to the top 10 on ZuluTrade for any reason for the simple fact a 300 pip loss would wipe many of us out completely.

If you visit ZuluTrade.com through this post here, I’ve picked out some of the most profitable ZuluTrade.com signal providers available at the moment through that site.

More discussions about the best ZuluTrade Signal Providers and the Most Profitable Zulu Trade Signal Providers found here.

Forex Trend Scalper Oct 26

MoForex — Tue, 27 Oct 2009 04:07:25 +0000

Forex Trend Scalper results for October 26, 2009

Today’s trades opened by Forex Trend Scalper were a great success and resulted in over 100 pips with no losses. There were two hedged positions it opened that were cancelled before those trades occurred.

——— Lots Pair Price Close Profit
sell 1.0 eurgbp 0.9189 0.9172 270.85
sell 1.0 eurgbp 0.9147 0.9110 600.36
sell 1.0 eurgbp 0.9127 0.9110 270.73

So, today Forex Trend Scalper resulted in over $1100 profit when trading a full lot!

All of these trades can be verified on the Forex Trend Scalper website.

Forex Trend Scalper EA!

MoForex — Mon, 26 Oct 2009 03:14:07 +0000

I’ve been talking to a few of you lately who seem to be at a loss finding an Expert Adviser that both works and is profitable. I always tell people that they should NEVER put their eggs in one basket, in Forex meaning, never entrust your entire capital to one method, one expert adviser, or one account manager. In fact, mixing these types of trading may suit you all best. Where I can help is to turn you on to
FOREX TREND SCALPER.

This is an expert adviser that really is a cut above all EA’s you’ve ever seen or may have used in the past. It’s true that things like Forex Killer, Forex Auto Pilot, and FAPS Turbo were a HUGE income generator for the software programmers behind them while most of us saw little to no profit. I even emailed them once about that sad fact and they blamed it on ME not using their EA correctly! Can you believe that?

Suffice to say I NEVER trusted real money with an Expert Adviser again! But in the back of my mind I always kept the option open, saying to myself, there HAS to be an EA that works and is profitable!

Well, years later I just came across Forex Trend Scalper which really has changed my mind about using EA’s completely!

The two major things that seperate FXTS from Forex Auto Pilot and other EA’s is the fact it is designed to recognize the trend, both short and long term and trade only in that direction, which by default gets us into
higher probability trades. Secondly, it is a pure scalping system, not 1 or 2 pips at a time, but up to 30 pips or more depending on how much you set it for! It also keeps your stop losses automatically low, so very early on in using this EA you are trading with other people’s money!!!

Based on this, and based on my experience with this EA, I have come to the conclusion that Forex Trend Scalper is the best Expert Adviser available on the net at the moment. Show me an EA that makes more money that this, provide real proof of results and I will eat my own words… but so far I have not found anything that comes close to the power of
Forex Trend Scalper!!!

Forex Trend Scalper Oct 25

MoForex — Sun, 25 Oct 2009 19:43:15 +0000

Forex Trend Scalper Signals
October 25

SHORT sell

Lots….1.0

Pair….usdjpy

Entry…92.13

Exit….91.94

Profit..206.70

Today’s signal generated from Forex Trend Scalper was another success. It entered us into a short position in USD/JPY and very quickly resulted in a 20 pip gain. Gaining more and more experience with this Expert Adviser, I must say that I am more and more confidence with this method of trading. Please confirm this trade with the Forex Trend Scalper website, their live results are posted every 30 minutes.

Download Forex Trend Scalper

Another outbreak? Experts warn of flu scams - Reuters

MoForex — Fri, 01 May 2009 21:37:03 +0000

Forex News: Another outbreak? Experts warn of flu scams - Reuters

Seattle Post Intelligencer

Another outbreak? Experts warn of flu scams
Reuters - Susan Heavey
By Susan Heavey WASHINGTON, May 1 (Reuters) - Health officials are warning the public about another, less serious outbreak: a rise in flu-related scams, including a growing number of hoaxes.
Video: H1N1 Virus WTNH
Putting Swine Flu in Perspective WebMD
The Associated Press - Chicago Tribune - Xinhua - Detroit Free Press
all 3,038 news articles

Go to Source

I thought it was highly interesting the correlations between the Forex Market and this recent outbreak of Swine flu. It seems that though Mexico was hit hardest by this latest epidemic of flu, the Mexican peso was largely unphased. I even tried to demo a trade of USD/MXN and it just went against me almost 500 points in a few minutes! Completely unbearable and unpredictable especially considering the spread on that pair is over 100 pips for me! So, if anyone has any strategy for trading the Peso versus the USD I’d love to hear it.

Stay safe from the Swine Flu Blues everyone! :)

Canadian Dollar Forecast Bullish on Extreme Forex Sentiment

MoForex — Fri, 01 May 2009 21:37:02 +0000

Forex News: Canadian Dollar Forecast Bullish on Extreme Forex Sentiment (Daily FX via Yahoo! Finance)

EURUSD - Euro Forecast Bullish Against US Dollar USDJPY - Japanese Yen Outlook Shifts on Major Price Moves GBPUSD - Forex Trading Systems Indecisive on British Pound USDCHF - Swiss Franc Expected to Rally Versus US Dollar USDCAD - Canadian Dollar Forecast Bullish Against US Dollar

Go to Source

It’s interesting to see that the Canadian dollar is doing well in the current environment considering the central bank of Canada just cut the key target interest rate to 0.25% this week. Even though this matches the USD, I’m surprised to see the CAD not experience a huge selloff like in years past.

Forex Rapidshare and Hotfile

MoForex — Tue, 28 Apr 2009 20:46:54 +0000

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