ForexMarketForecasting.com Review
3.105 •
2 REVIEWS
Out of business
Updated: Apr 13, 2022
•
Website is closed. Company seems to be out of business.
Out of business
3.105 •
2 REVIEWS
Recent User Reviews of ForexMarketForecasting.com
J
Joe
Ohio,
Mar 18, 2008,
Guest
I wanted to respond to Sergey's review.
I have used these guy's services a lot, and I am a big fan.
Sergey is right and wrong in his review. He says they are a scam because they change the predicted price levels intraday. While he is right that they do change their price levels, he is wrong that they are a scam. The reason they change the price levels is because the purpose of the service IS NOT to predict price levels.
They say over and over again in their materials that the purpose of these services is to prediction MAJOR PIVOT POINTS, and DIRECTION. These are the two primary things to look at. If you can know when a stock/currency/future is going to change direction, then who needs price levels? You will make a lot of money in any market if you know ahead of time when it is going to reverse and go in the other direction.
They are 85% accurate over at eminiforecaster for pivot points and direction, and i have made a lot of money using these guys' services.
I would just point out that Sergey is correct in what he was saying, but he was not using these guys' service correctly. You CANNOT use this service using the price levels.
But, if you know ahead of time when the prices are going to go up, and when they are going to begin to fall, then why do you need price levels anyway? The key to success in the market is timing - and this service is very accurate at predicting timing for buying and selling.
I have used these guy's services a lot, and I am a big fan.
Sergey is right and wrong in his review. He says they are a scam because they change the predicted price levels intraday. While he is right that they do change their price levels, he is wrong that they are a scam. The reason they change the price levels is because the purpose of the service IS NOT to predict price levels.
They say over and over again in their materials that the purpose of these services is to prediction MAJOR PIVOT POINTS, and DIRECTION. These are the two primary things to look at. If you can know when a stock/currency/future is going to change direction, then who needs price levels? You will make a lot of money in any market if you know ahead of time when it is going to reverse and go in the other direction.
They are 85% accurate over at eminiforecaster for pivot points and direction, and i have made a lot of money using these guys' services.
I would just point out that Sergey is correct in what he was saying, but he was not using these guys' service correctly. You CANNOT use this service using the price levels.
But, if you know ahead of time when the prices are going to go up, and when they are going to begin to fall, then why do you need price levels anyway? The key to success in the market is timing - and this service is very accurate at predicting timing for buying and selling.
S
Sergey
USA,
Nov 21, 2007,
Guest
What this service does is it generates what they call G-lines. These lines supposedly pinpoint the midpoints in a trading day, the direction of the daily trend and the high and low for the day.
All of this looks good on their past signals that they update quite frequently on their site. The problem is that they are not correct.
If you read their discalimer or FAQ (I don't remember which) they say that their G-lines do not change but the levels that the G-lines are drawn at can update intraday. Signals are generated at about 11PM Central.
For example, if the EUR/USD is prdicted to trade between 1.4830 for the low and 1.4930 for the high the G-line that you will see at 11PM will be exactly that with no prices yet as that day's trading hasn't happened yet. What you will see at 11PM the next day (for that days prediction) can be something completely different. The G-line will be the same shape, but if the EUR/USD traded between 1.4830 for the high and 1.4730 for the low the G-line will be adjusted accordingly. This is a SCAM.
They have all of this information in their FAQ and their disclaimers but they make themselves look good by posting adjsuted predictions and saying "See how accurate we are?"
As far as the signals are concerned they are only about 40-50% accurate. Some days are good and the prediction doesn't change but other days are not so.
As of my writing this they are not accepting any new clients. They haven't updated their site either.
Beware of this site.
All of this looks good on their past signals that they update quite frequently on their site. The problem is that they are not correct.
If you read their discalimer or FAQ (I don't remember which) they say that their G-lines do not change but the levels that the G-lines are drawn at can update intraday. Signals are generated at about 11PM Central.
For example, if the EUR/USD is prdicted to trade between 1.4830 for the low and 1.4930 for the high the G-line that you will see at 11PM will be exactly that with no prices yet as that day's trading hasn't happened yet. What you will see at 11PM the next day (for that days prediction) can be something completely different. The G-line will be the same shape, but if the EUR/USD traded between 1.4830 for the high and 1.4730 for the low the G-line will be adjusted accordingly. This is a SCAM.
They have all of this information in their FAQ and their disclaimers but they make themselves look good by posting adjsuted predictions and saying "See how accurate we are?"
As far as the signals are concerned they are only about 40-50% accurate. Some days are good and the prediction doesn't change but other days are not so.
As of my writing this they are not accepting any new clients. They haven't updated their site either.
Beware of this site.