forextradingalerts.com Review

I subscribed for 1 month because the reviews I saw here made me think the site was worth a look. That was a few months ago. I have some spare tome now so figure I'll review. I think the site may have changed somewhat since the other reviews here because there was no performance area at all, so you can't see how he has performed in the past. I received a daily email with an attachment that is a video of charts being analysed. A typical video takes about 5 minutes to watch and features Maceo talking a lot, even if there is no trade (which mostly, there isn't). This guy obviously loves to talk, but has very few signals. I found the signals to be irregular (which is fine, but I don't want to watch his videos everyday just to find out: no trade) and when he does issue signals, the are non specific. Buy around here, or sell around here, consider taking profits around here or stops around here. It could break long, or of course, it could be a short. (I'm paying for this?) Never a specific, Buy on stop, sell on stop and limit of ....

He also has a weekly wrap that you can view without paying for subscriptions. Here, he craps on for about half an hour. During one weekly wrap, I saw that he claimed a trade that he did not issue. He did refer to the trade AFTER it had happened, but he certainly did not alert his subscribers to the trade before it occured. Specifically, he said, this went off at 4 or 5 am this morning, but I was asleep and so didn't trade it (or recommend in advance any subscriber trade it). Then in the weekly wrap, he claimed it as an alert given to his subscribers. He failed to mention he alerted everyone to it after the fact. The subscription was very expensive, about US$250 a month I think. I did not renew my subscription. Perhaps the final straw for me was when I received an email from Maceo recommending a real estate course. Nice to know the guy is multiskilling. With his trading, it might not be such a bad idea.

Let's clear up a couple things. 1. I charge $299 per month. 2. My trades are above 70% accurate over a 12 month period 3. My posted track record can (and often does) lag by 2-3 weeks from actual trading. 4. I offer several different levels of trader training: Alerts, Software, Newsletter, Group and Private Coaching.

The service is $299 a month, which is quite high in my opinion. Maceo is about 60% correct but I no longer take his trades on the 4 major pairs. For long-term trades, his stops seldom exceed 40-50 pips, which in my opinion you can use a day trade leverage in some instances. He is sloppy at time with his text, but that's not a reason to avoid him. When his trades hit, they hit big. Hope this helps.