I have been a successful Nadex trader for several years now and in reading everything about this situation, its obvious that a lot of people here don't know anything about mygoldensignals.com or trading on Nadex in general. I have several of Richards strategies and will give an honest and EDUCATED review in the hopes that it helps someone who is trying to decide if they want to purchase his products or not.
I will start with the good. It is my OPINION that Richard in a good person, trying to do the right thing and trying to provide people with a good product. In the right hands, his strategies can make someone a lot of money on a consistent basis.
Now for the bad. As an experienced trader, it bothers me that Richards proclaims to be the same when he obviously is not. I'm not saying he does not know anything, but he certainly does not have a good fundamental understanding of Nadex or binary options trading in general. His strategies are NOT for beginners. The instructions and videos he emails you after your purchase are not EVERYTHING you need to know and do in order to achieve the results you expect (90%+ win rate, etc). I would say its all approximately about 70% of what you need.
I use his 5 minute AND 20 minute ATM & ITM strategies. My win rate with them IS over 90%, but it certainly would be more around 70% -75% if I simply followed his exact instructions. Furthermore, it SEEMS like he provides extra tips and information to his "university" students than he does his regular students. He claims to provide one month of free training per customer, but is slow to respond to emails unless you are about to purchase one of his products and he doesn't easily provide his phone number to customers, yet tells people in his videos to call him. I think he is more overwhelmed and possibly unorganized, more than I believe he is some scam artist. People throw that words around online WAY too much.
For me this is not about bashing Richard Neal or his website. I make a lot of money every day in PART because of his website. So I consider myself a happy customer. This is about telling the truth about what others should expect when purchasing his products. For example, he shows trades all the time on Youtube, but does not show if he is using a live or demo account. I think that is a huge mistake on his part. It makes it seem like he is hiding something. Plus, he's not upfront about how trading his systems work. There are a few things you need to know:
1. You will only be able to trade about 3 - 4 hours a day Max with his 5 and 20 minute systems.
2. Some days you won't be able to get into any trades. While he DOES admit this in some videos, he's not pushing that fact as much as he is pushing his "profits".
3. A solid money management system is missing in his teachings. One of the reasons I earn so much is because I fixed that part for my own trading using his stuff as a foundation.
4. He does not have consistent, STRICT, risk/reward rules for his trade entries. If you trade as wild as he does in his videos, you will end up posting a complaint here or in a similar forum complaining about all the money you lost. I fixed that for myself as well.
5. His position sizing demonstrated in his videos is horrible. That is NO way to build your Nadex account in ANY way.
There's, more I could say, but let me instead give you a specific example of trading results. His 20 minute methods rely on the US Tech 100. Today is Wednesday, September 13, 2017. I've traded his ATM and ITM methods (with my improvement tweaks). On Monday and Tuesday, his ATM methods earned me exactly $1250 and I had 5 wins, with 0 losses. There were no contracts that I could get picked up today at my desired price so that's basically just 2 days. His ITM methods (again with my improvements) earned me $375 today (I did not trade them Monday or Tuesday). That's $1675 over 3 days and not even trading the entire period I could or all the methods I could. While that sounds good, at first glance, If I traded his ITM system his way, I would have taken a $125 LOSS winning twice and losing once and I would have made a little less money with his ATM system. It is my opinion that without a solid understanding of how to trade binary options, you will make very little money, break even, or even lose money with Richard's strategies and nothing else.
If you are an intermediate or advanced level trader, mygoldensignals.com will help you make more money because you will be able to almost immediately recognize its shortcomings, fix them, and consistently remain profitable. If you are a beginner, STAY AWAY. I'm not saying this is a scam, but its certainly not everything you need. If you buy a strategy, EVERYTHING you need should come with it. You should not have to have additional conversations with the developer / seller to make it work for you. That's just my opinion. I certainly respect others who feel differently.
Part of the problem here is the original poster. People have GOT to stop buying these products online and expecting them to work and make them money consistently without having to do or know anything else! He should get involved in some trading groups either in his local area or online. He make is VERY clear that the product is non-refundable so if it doesn't work for you, you basically are stuck with hoping he helps you work out the kinks, which is NOT a smart position to put yourself in. Also, if you wanted to refund and he would not give it, why not post videos online like he does? If you posted your trade journal results and showed loses his strategies takes just like he shows profits, it would hurt his business quite a bit and I'm sure he would rather refund you as opposed to have you keep posting videos
I'm not here to sell anything or teach anyone how to trade. I just wanted to post a review from an educated standpoint. Its what I wished someone had done prior to my first purchase. I too was somewhat unhappy at first, but once I figured out the problems, it was easy to move forward from there. I hope this helps someone moving forward. If anyone has any general questions, I'll be more than happy to answer.