ForexCashFactory.com Review

2.429 • 3 REVIEWS
Out of business
Updated: Apr 13, 2022
ForexCashFactory.com
Out of business
2.429 • 3 REVIEWS

Recent User Reviews of ForexCashFactory.com

N
NewTo FOREX
UK,
Jan 16, 2010,
Guest

This is a very well written trading scheme with exact rules that are easy to follow. There is some good money management information in it that is valuable for a beginner. If you manually check the system out it can certainly appear to work. For some months it can be very successful. For other months it is not. Averaged over a year it does not produce a profit and over several years it is a disaster.

Interestingly, if enough people bought the system and traded it, then some would make money from it as a self-fulfilling prophesy. If everyone buys on the signal the price will go up!

I personally think the perpetrators know it doesn't work in the long term and it certainly hasn't been traded for years as they claim.

The good news is that Click Bank are very good on refunds (at least through Paypal). I got my refund within 2 working days.
D
djam
Scarborough, Canada,
Dec 3, 2009,
Guest

No good system. Backtested it for the month of oct and nov 09 and ended up negative (-260 and -165). Always ending up opposite of the trade. As soon as you enter based on the method he taught you. Youll be numb on getting so many loosing trades. How about 16 in a row sound to you? Youll end up banging your head against the well why you used this c**p
J
jim
usa,
Nov 21, 2009,
Guest

i have traded live for one week and i'm very satisfied this system is based on mathmatical probabilties no complicated indicators i've increased my account by 20% in one week you must follow the directions to succeed you will have winners and losers but the winning trades are 3 times as profitable and you can trade this system 5 days a week, usually the trades are completed in 3 hours or less
J
Joe
Ohio,
Nov 20, 2009,
Guest

I purchased this and have been trying it on a demo account. The problem with it is 1) If you live in the US, you have to get up at 2:45am before the London open, 2) you place your entry order 1 pip above the highs and lows of the previous 3 hours of the London session which are not necessarily support and resistance levels, 3) there is a very small stop loss of only 15 pips. Most of my demo trades were stopped out as the entry points have nothing to do with support and resistance levels. I am going to ask for a refund.