ForexFocusTime.com Review
4.077 •
4 REVIEWS
Out of business
Updated: Apr 13, 2022
•
Site now redirects to MyTradingWeek.com
2010-09-09 NOTE: Since the fall of 2009, there have been numerous fake positive reviews submitted for this company. The FPA recommends a very high level of caution dealing with this company.
Out of business
4.077 •
4 REVIEWS
Recent User Reviews of ForexFocusTime.com
W
Walid El Khoury
Lebanon,
Mar 1, 2011,
Guest
I have been with this service for a month now. I am and have been a proffesional trader for a long time. For the last 3 years I have tried 10's of trading systems and signal providers on the net and 99% of them were dissapointing to say the least. I spent few more month studying every signal provider on forex peace army forum and other places. I made my due diligence before I subscribed to forex focus time. The reason I decided to join them was the following:
It takes just 15 minutes a day to input the orders and close the lap top.
Their posted results were excellent, if they turn out to be true so I decided to give it a try.
Their 20 pips stop loss is very advantegeous for risk reward and money managment purposes. The potential loss on any open position should be between 2 and 2.5 pct of capital.
Therefore if some signal provider post a 200 pips average per month using a 40 pips stop on average would in fact be making 100 pips per month in comparision to someone using a 20 pips stop loss.
So before one looks into the number of pips, one should look at the strategy and stop loss used.
I took the perfomance numbers of the last 10 month posted on the site and run them through my money managment spread sheet... and the results are great.. very low draw down and never had a loosing month. that what makes the whole difference.
After being with them for a month February 2011 it turned out to be their worst month... more or less break even...
But I am going to renew with them for their posted results are honest and that is what I was looking for.
And to comment on Buxi Bela's review and what I noticed while chating with other members:
Although it is almost copy paste orders and although it requires just 15 minutes a day... it is still not 100 pct robotic.
one in fact needs to use 10 pct of his own feeling i.e.
As advised by the moderators, when putting orders, one should bring them closer by a pip or two. for instance if an order is to sell GU at 1.6250... I would usually put 49 or 48 or even 47 at times especially if the TP target is 40 and above. and sometimes I leave just as it is depending on my feeling.
during this month a couple of times I missed a trade when I just kept it as it is. and sometimes a trade was triggered at my end while the moderator himself did not go into the trade.
I was in the chat room when the complaints were made by the previous reviewer. Having a break even month is not that bad my friend. It is all about patience and discipline and your anger is missplaced. This service with all its simplicity has average around 23pip a day for the last 10 month.. and even if you take out 4 pips for sliperage, the remaining 19 pip a day is an outanding perfermance for just 15 minutes a day. It is a brillant service, I recommend it. I am not paid say so, Forex peace army can check on my..
It is just for fairness sake.
It takes just 15 minutes a day to input the orders and close the lap top.
Their posted results were excellent, if they turn out to be true so I decided to give it a try.
Their 20 pips stop loss is very advantegeous for risk reward and money managment purposes. The potential loss on any open position should be between 2 and 2.5 pct of capital.
Therefore if some signal provider post a 200 pips average per month using a 40 pips stop on average would in fact be making 100 pips per month in comparision to someone using a 20 pips stop loss.
So before one looks into the number of pips, one should look at the strategy and stop loss used.
I took the perfomance numbers of the last 10 month posted on the site and run them through my money managment spread sheet... and the results are great.. very low draw down and never had a loosing month. that what makes the whole difference.
After being with them for a month February 2011 it turned out to be their worst month... more or less break even...
But I am going to renew with them for their posted results are honest and that is what I was looking for.
And to comment on Buxi Bela's review and what I noticed while chating with other members:
Although it is almost copy paste orders and although it requires just 15 minutes a day... it is still not 100 pct robotic.
one in fact needs to use 10 pct of his own feeling i.e.
As advised by the moderators, when putting orders, one should bring them closer by a pip or two. for instance if an order is to sell GU at 1.6250... I would usually put 49 or 48 or even 47 at times especially if the TP target is 40 and above. and sometimes I leave just as it is depending on my feeling.
during this month a couple of times I missed a trade when I just kept it as it is. and sometimes a trade was triggered at my end while the moderator himself did not go into the trade.
I was in the chat room when the complaints were made by the previous reviewer. Having a break even month is not that bad my friend. It is all about patience and discipline and your anger is missplaced. This service with all its simplicity has average around 23pip a day for the last 10 month.. and even if you take out 4 pips for sliperage, the remaining 19 pip a day is an outanding perfermance for just 15 minutes a day. It is a brillant service, I recommend it. I am not paid say so, Forex peace army can check on my..
It is just for fairness sake.
B
Buxi Bela
Hungary,
Feb 28, 2011,
Guest
I used their services for 2 months. The results are totally fake. They may be good in the past but nowadays the service is very pour. The entries did not triggered several times and despite of that they showed in the performance the trade with positive result. I just did not undertand why. I was told that, oh, sorry you should add the spread to the entry and sometimes put the entry 2-3 pips higher/lower to the entry point.
Well, it is ridicoulus.
Happened as well that a trade reached it's entry point but at 18:31 GMT. On the website it was written to cancel the pending orders at 18:00 GMT.
Of course the trade did not triggered for us. When we - me and some other subscriber - asked the provider, he told, oh sorry the website is wrong, we correct the time to 19:00 GMT. Well, the trade did not triggered to anyone, but the trade was shown in the performance with positive result. Wow, what a scam.
And, be aware, you can cath all the trades only if you add the spread and put the entries 2-2 pips lower/higher to the entry point. It is at least 5 pips loss. That means you do not get the same results as they. For example, when there was a trade with 30 TP, I won 25 pips and they posted 30. When I lost 25 pips, they showed only 20. SCAM SCAM SCAM!!!
STAY AWAY if you like your money.
Well, it is ridicoulus.
Happened as well that a trade reached it's entry point but at 18:31 GMT. On the website it was written to cancel the pending orders at 18:00 GMT.
Of course the trade did not triggered for us. When we - me and some other subscriber - asked the provider, he told, oh sorry the website is wrong, we correct the time to 19:00 GMT. Well, the trade did not triggered to anyone, but the trade was shown in the performance with positive result. Wow, what a scam.
And, be aware, you can cath all the trades only if you add the spread and put the entries 2-2 pips lower/higher to the entry point. It is at least 5 pips loss. That means you do not get the same results as they. For example, when there was a trade with 30 TP, I won 25 pips and they posted 30. When I lost 25 pips, they showed only 20. SCAM SCAM SCAM!!!
STAY AWAY if you like your money.
R
Roberto
Mexico,
Aug 7, 2010,
Guest
I am following their predictions for 40 days, good so far and I follow all rules. I am trading with 2 mini lots and I made $750 so far. I am happy, Thank you, Roberto, Mexico
T
Teddy G.
Florida,
Nov 11, 2009,
Guest
Wow, accurate FREE Signals...but you have to update blog...