FX500Club.com Review

This site is a SCAM. Will be filing a complaint ASAP. Extremely disappointing because I signed up only because of the good ratings on forex peace army.

I have tried to contact the admin of this site because they haven't updated since October 14th 2010!!! Emailed 3 times and got no response.

Unbelievable

I have only the highest praise for the FX500Club. I've only been a member since 2010-6-19 but cannot fault the service provided.

Right from the start I have had no problem whatever with contacting the Club and on the occasions when I have had a query my request has been answered promptly either by email or phone.

As well as being able to follow their live trading, the true value of the service is in the trading education which James, Dan, and Mike emphasise and, if one is prepared to study their strategies and put some reasonable effort in to them, then I feel successful trading will be the eventual reward; but obviously it is up to the individual to put the necessary effort in.

The success rate has only to be fairly observed by following their trading for a while to see that their profitability is truly exceptional and what they say they offer they really do.

Well to start with i want to say i am no longer with the FX500club and have no intention of joining any other service out there. It seems that we have all had different experiences at the club, as you would expect. For me personally i was very happy and gained some great info on how to trade. I was losing each week until I found these guys and can only presume that some of their clients make it and some dont but I guess thats why you get good and bad reviews on here.

I learnt what was necessary and then moved on and now enjoy trading on my own successfully. I do not class myself as a great trader but the guys at the club taught me well and how to manage my account consistently. I am sure many other traders out there make more than i do but these guys gave me the solid foundations. I make consistently 2% a week from their strategy and for me that is good enough.
Many thanks Dan and team for your excellent education.
Overall it has taught me a lot as a trader.
Regards
Tim

Hey Guys, let me begin by saying that I do feel very sorry for those who have fall into thier hands ie Dan & Co. First they are all heavy losers as traders and have never been able to make anything successful. They have tried by selling system (Market Analyser), teaching & sending signals- all flopd- sad they cant make it - I feel for them too as they are good people but turn scammers (those in the know) in their quests of not going to look for full time job paying per hr (Trading is addictive and few failure have truned into the lucrative of doing anything execpt trading)- SO my point to others is to ask them to prove that they trade what they teach ie walk the walk as one of their fav line. In case they can show a real ac, then only u can trust them- Lol, they have never to date been able to prove this, sadly!!!

TQ, We have tried to contact you on both the email and telephone number provided but have been unable to get hold of you. Your email has bounced back to us.
Please email info@fx500club.com and we will deal immediately with these requests.
Kind regards
The FX500Club Team

I signed up for a week's trial, I was initally contacted by someone and then I got 2 days worth of emails and then nothing. I e mailed them to see if there was a problem but heard nothing back. Very poor service in my opinion.

I have applied 2 times to sign up for there 1 week free trail and have heard nothing back on both occasions? From the reviews I read below they say they pride themselves on their service. Not quite sure how?

Since I haven't been about or actively trading for 6 months, I thought I would come and defend this strategy since I was actively involved in the original creation of it a few years ago.

Since I have only begun trading again just last month I wasn't prepared to go in all guns ablazing.
With money at stake here and my limited contact with the markets since last October I attach my balance sheet for last month based on a 10k account.

You can clearly see 22 trades throughout the month, 15 winners and just 7 losers for a grand total of 40% gain.

http://www.postimage.org/image.php?v=Tsqtn2r

I don't care what the doubters say about this strategy. It DOES work if you have the time to learn it and a great deal of patience & discipline.

If you don't have these attributes then of course you are more likely to fail.
Two people using an identical strategy will have different results.
One might make 50% where the other loses 50% of his/her account.
It's how you manage your account and your own emotions that sorts the winners from the losers!

If you expect to become a millionaire inside 3 months then you maybe you should stick with your daytime job.
This will make you more than any other bank account and that's fact!

Still over a 4.5 out of 5.0 rating guys. Keep up the good work until we meet again x

I am shocked by the bad ratings for FX500Club. Given that one of the reviewers stated that he or she didn't understand the concept just shows that that person obviously failed to put in the time and effort to understand their winning strategy.

Dan and James are masterly tutors who will take you by the hand and teach you the fundementals for trading. The online tutorials are excellent and teach you at a slow pace that gradually increases as you become more confident. Their daily live analysis of different currency pairs offer great insight, that no book can teach. They teach you to identify trends using different methods of analysis and offer complete support.

FX500Club do not deserve the poor reviews that some imbeciles have left. They are simply fantastic and deserve all of the five stars. Thank you FX500club for your help and support. A incredible service alround.

Dear Kurt and Rebecca

I am sorry to hear that you found the strategy taught not to be beneficial. We only have a small number of clients but I haven't been able to find Kurt or yourself in our database. Obviously you may not want to post with a real name so please do email me in private. Of course, we are very disappointed to hear of your dissatisfaction with our service but, also grateful as with feedback such as yours we can address any issues, and hopefully improve the club for everyone. Below I have reiterated both the ethos and the strategy of FX500Club, please have a read and if you are still unhappy with what has been taught then send me a receipt of your payment to info@fx500club.com for any services received and we can discuss the options.

As I am sure you are well aware, at FX500Club, we preach a very strict doctrine, especially with regard to not over exposing ourselves to the market at any time and are always trading with a maximum of 2% risk per trade, but targeting moves that can potentially make 6%. We don't believe in 1:1 risk reward, instead we believe in waiting for setups which can offer upwards of 3:1. Inevitably, trading any strategy, you will have to endure weeks when the markets will be flat or will move unpredictably, but provided we keep our discipline and continue with the same strategy there will always be opportunities to build our accounts within the coming days. I must add that trading a strategy is not about liking one setup more than another. It is about consistently hitting your setups and working on probability with good risk reward. If you fail to trade the strategy setups then of course you fail to work to the probability.

We trade with simple, commonly used moving averages and of course you can learn this for free online, what we offer is purely an in-depth look at Indicators (Moving Averages, CCI