a rip off
the man offered software (moneymap) which was supposed to be provided as part of the so called course. the software required opening a brokerage account which in turn required commission payments in order to get the moneymap software receiving live data to function - it was just a cyclic rip off.
Also, the man claimed to be a professional trader, and took a lump sum to trade. He hardly made any trades, and the handful he did, he lost money. He promised to return the lump sum, but never did.
Feb 22, 2013 - 1 Star I do not recommend it to anyone. To sum up the course would be enough less then half an hour, but they make you pay 2 days . The rest is Andy talking about himself how vood he is, ( he is not, he hasnt made any profitable trades in 2 days. Ps there is no money back guarantee. Waste of money.
2012-12-12 2Star I purchased FXMM some years ago, but as others point out you are rarely able to keep up with the moderator's trades. - I blew 2 accounts. Over time my access became more and more restricted, because I refused to pay more for the new features and eventually - despite having a lifetime access - could not enter the traderoom at all. E-mails to Andy Shearman were ignored.
The better moderators left after there was some disagreement between them, despite contrary comments posted.
Sometimes one got the impression that Andy Shearman had missed his vocation as a bad DJ when on open mike - often not too polite.
I post this now as a general warning as I have recently received a promotional e-mail for the 'new improved' FXMM offering triple trade entries.
3 years ago it was up to 5 entries on their deck - That's an improvement?
Andy Shearman dont trust him with your money
He promised to repay me but never did
Year now is 2016.....I did the course...twice....Andy and the setup was good, the system works, but requires tight money management. Sadly that is where I met a Forex Place account Manager on one of the courses...whom I trusted because he knew a close friend of mine in Liverpool., end of story...4xp as it became known as became infamous and closed down...As for Andy he persuaded me in 2012 to invest in his 12 month Business Expansion Scheme, a sum of money which he guaranteed to return , along with paying interest of 10% per month. He just about paid the interest and never returned the investment despite three promised milestones...end of 1 year,, divorce settlement and then House Sale. Presently bad health prevents him paying the 5k as its going towards his health billl.......apparently I am not his first victim.....initially great service but in view of this sting no better than Forex Place/4xp.com.....My word is my bond, springs to mind....what I don't understand is why he did not trade the FX to make the money using his FX Money Map.strategy....and the answer is probably too much outside pressure to keep his private life separate from his business life.
Cracking product. Cuts down analytical time tremendously. Hard to imagine not using it now.
went on Andy's 2 days course recently ..the FXMM product makes a lot of sense and makes my spotting trades much easier and more importantly I trade for less time and do better...Thanks Andy
I took the course earlier this year on Andy's yacht in Canary Wharf, and without giving too much information, let's just say my time was educational, and I've learned to make way more money with FX trading than I would have without the course and the FX Money Map software & feed. Bearing in mind I was almost a newbie before. Made some pretty good contacts too. I would definitely recommend others give it a try.
Andy Shearman complete con artist and a money grabbing bastard, don't hand your hard earned cash over to him, to make him more wealthy
The Fxmm grid concept works! I've been using mt4 indicator version.
Very good course with Andy Shearman at the helm - informative and direct to the point !
Well worth the trip over now looking to make some serious coin !!!!
This is an independent review with no affiliation to the above !!!!
I went on Andy Sherman's course in November.2013. Since then I have trashed a demo account, looked at loads of his training videos, and have been learning how to use his Money Map software. I am now on a new demo account and currently on a $400 profit.
My experience of Andy Sherman, is that he is a genuine guy who speaks from a wealth of experience. Also the video's are excellent. He teaches Bounce trades, Vanilla, reverse Vanilla, ( I have not got my head around this one yet) and 60-60 trades ( this another difficult one for me. I have experimented with Bounce Trades on a live account, and every trade bounce trade has been successful. The Bounce Trades are obvious from the Grids ( that have 1 -5-15-60-240 lanes) , as well as the other setups. And actually, the set ups that he shows seem to work most of the time. Also invaluable to me, was the importance of looking at the Currency crosses. Eg Eur-Yen USD Yen GBP - Yen etc. It is very obvious from the grids how the currencies are performing against each other, and how inter-related they are, and how this can effect your trades. Now I admit I am a newbie. However, the biggest problem I have had in making profits from this, is MY LACK OF DISCIPLINE. I am prone to get out of winning trades too soon, for fear they will reverse, and stay in loosing trades to long, in the hope they will reverse. However I am watching the trading video's, keeping a written diary of my trades ( as Andy recommends) and I seem to be getting better. I guess people do not need the grids to get the same information, however as a Newbie I am increasingly finding the grids easier to understand, and on my Demo account at least, am making progress. I am happy to keep you posted on this. I have also booked for 21 days more training with Andy. Only time will tell if this is a good investment. . Best wishes John T