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Jaroslav, London, United Kingdom
Rating:
No Rating
Date of Post:
2012-03-13
Review:
"I too agree that FXMM is a good product and I found it currently not that expensive as people claiming here. I have been looking for a reliable method of trading FX for last 6 years. Spent a lot of money but learn one important thing: if you hope to turn 500$ into 5000$ in one month and then become a billionaire all this buying a bogus indicator/system or other rubbish for 100 or 200$ you are donating your money to smart marketers who are “selling” you their scam truth about FX market.
I hold down a pressure job as a doctor in NHS and so have only a few hours a day to trade around my shifts, but the London and NYC sessions I do make help me immeasurably, and the two day course with Andy changed my outlook completely from what I was doing before...ie only spend around 3 hours a day at peak times trading and doing around 3 trades a session or less and making 10-20 pips and then stopping. For me its done what it says on the tin.
The easy part is spotting winning trades with the software the hard part is the discipline to quit while you are ahead and realise trading FX market is something which you have to treat as a business. I can only say as I find and I consider myself a professional person and seek that in others. If you want to start a professional career doing something different from what you do and you want to become a true profitable Forex Trader its essential you go to a professional and I couldn't find one better. If you believe in easily getting rich scheme and don’t have enough patience I can only wish you best of luck in your futile endeavours.
Gilgar DuBois, Gold Coast, Australia
Rating:
Date of Post:
2012-03-10
Review:
I Agree with Kashif!...FXMM it's a good product with potential, but extremely expensive. I would advise trying his new Tiger Grids....a good deal on a monthly basis by an ethical man............
This is my account of dealing with FXMM:
Dan did the hard-sell by international phonecall with me and even though I did not have the 'reddies' to fork out for the full $5ooo kit with enough working capital for use...he told me for $900 I could use/observe the grids (but not access any data) for 3 months and listen in on the trading room. I innocently agreed to this, anticipating paper trading for a while and then following their professional timely trade calls from the moderators.
I had to use a free FX web product simultaneously on my laptop to actually make a real trade... it was almost impossible to make a profitable trade in real time with the FXMM crowd...and Andy often made losing trades (which I dutifully followed - knowing he was the 'ace' trader :) of course my market-maker brokers spreads were far too wide to match!
It was certainly an expensive learning experience to say the least; on a positive note, I found the trading participants in the chat room a very supportive bunch, although several were trapped in the '$5ooo snare' of paying $200/ month for the next five or so years!...or they walk away from their grids forever!
I had traded futures for a few years prior to this experience and now feel I should have known better than taking up their offer :(
Just glad I didnt spend any more bucks!
Dale , , New Zealand
Rating:
Date of Post:
2012-02-27
Review:
I was given the hard sell, persistent phone calls, I wanted and even paid for a month trial. After a few agressive phone calls I am ashamed to say I folded and paid 3k. Andy was often late to the trade room never did any prep for the session. He once started the session and jumped into the trade, which lost and then said oops it was right into a previous low! That's why you shouldn't jump into a trade.
I paid for a 2 day one on one session a years trade room and the software. I contacted them after a few months wanting to get a partial refund for the 2 days training i never required and the rest of the years trade room fees.... never heard back from them.
Nisade, UK
Rating:
Date of Post:
2011-07-16
Review:
Don't waste your money on this product. Nearly $5000 for the full software package, and the another $200 for the monthly data feed. The moderators post their trades, and on paper it looks great. Hundred's of pips a month. Take it from me. You will NOT achieve this. I am not here to just slag off their product. I just want to warn people. Have a look at all the reviews from real people, and look out for the good ones they have posted themselves. Good luck
Ezra, USA
Rating:
Date of Post:
2010-10-06
Review:
Its really a solid product with lots of support but scalping is not for everyone. If you want to learn to scalp, buy it, be patient, practice, watch the charts ,listen to the moderators and learn. Then put your real money in but not before you are consistently trading profitably on a practice account.
I made some great trades and some bad ones but more importantly realized scalping is not for me. Is it for you?
I have been using moneymap software for 3 months now and am beginning to see considerable positive results in my trading account .
Yes The grids are a bunch of ma and fibonnacci levels but the value of it is that they show you where massive resistance exists and "open gaps" where trades will move easily .
The system is no black box , YOU still have to make the decision when to trade, where to place stops , limits etc but the grids help to know where to place them effectively .
It also helps to illustrate cross currency opportunites which I have never found in any other trading system ,for example correlating eur/usd , eur/yen and usd/yen price action across 4 time frames - is very powerful.
The moderators in the trade room have varying appetite for risk and very different trading styles which illustrates that moneymap can be flexible.
Warning , you should never blindly follow their trade calls until you have sussed out their trading style.
However on the whole I have made money following their live calls but the point is they are there to teach people how to use the product not give out free trades -
To sum up , the software is effective if you have a brain and use it to follow your trading plan , if you stick to a few of the very obvious signals and strict money management , you will make money with this software despite its cost.
Stuart, UK
Rating:
No Rating
Date of Post:
2010-06-21
Review:
I'm currently considering opening an account with FXMM.
However, I was speaking with Dan Shearman and I asked him why there where so many mixed reviews on Forex Peace Army.
It was disturbing to hear the following: "What - Forex Peace Army, the forex assassination site? The person of this site has been sent to prison for what he's been doing - the way he's posted terrible reviews etc"
My first question was; "OK, if he's in prison because of his website, why is he still able to run the website and why has the website not been closed down?"
Dan was at a complete loss, he was unable to answer these questions.
There were plenty of things that sent alarm bells ringing.
Please could anyone confirm that the people responsible for this (Forex Peace Army) website are in prison? I really don't think so, but would like to know for certain.
Review Moderation Team Note: It sounds like Dan is believing some of the lies a couple of scam brokers have been posting. Felix was questioned on something totally unrelated to Forex and publically disclosed the entire incident inside the FPA's forums on 2 different occasions. No one at the FPA has been arrested and no charges have been filed against anyone here. So far, none of us have been found guilty of anything other than a couple of traffic tickets.
We work very hard to keep the reviews fair and honest. If any company has an issue with reviews, they can use the "Contact Us" link to discuss it with us if they like. Or, they can resort to character assassination.
I have paid 200 towards the software, but have committed the remaining 2800, nor the 200 per month to use their software. I am going to sit-in on tomorrows New York session and attempt to glean some more information.
I remain skeptical towards this company, but time will tell. Until such time, I would recommend steering clear. I will post a review with a rating once I have more information at my disposal.
Kashif Aziz ( aka dr trader ), London
Rating:
Date of Post:
2010-06-06
Review:
This is my updated on moneymap WHICH I have now permanently left as a moderator and I am no longer returning to it . I still believe it is a great product and in the right hands can be used to make consistent returns. I am still using it as product and making good returns.
My reasons for leaving are due to the way the product is sold and also significant money which was owed to me. CONTRARY TO WHAT HAS BEEN TOLD IT HAS NOTHING TO DO WITH DISAGREMENTS WITH ANY MODERATORS ETC.
I have also noted how they have started to manipulate the trade room figues, last week was case in point. One of the moderators was down 350 pips on his trades. However the positons were closed quietly and no reference was made to them !!
I will be saying nothing more on this matter as I believe in facts and not conjecture.
But again willl confirm I DID NOT LEAVE BECAUSE OF OTHER MODERATOR'S.
My email address is azizkashif@hotmail.com and am always available to past students and traderoom friends if they want any help .
Best of luck to all the monymap clients I wish them all finanicial success.
2009-03-16 12:00PM No rating I am main moderator with the fxmoneymap software and it outstands me the negative feedback which is comming out here. I am a pure trader and will confine my comments to that aspect and the software is outstanding for that . It gives so many high probability set ups a lot of which have been back tested by me to confirm they work. I can trade just using these grids and associates charts without anything else and continue to make money consistently. I did a 2 day seminar in miami with 20 delegates where using only the grids and chart we made 15+ calls of which 2 were losers the rest all made 20 pips + .One of the delegates who can be indepedantly verified made 200 pips in 2 days of trading with me live. In the New York session live calls are made on mic which are producing good returns. In addition , althought it can be difficult to make the exact number of pips as me even 25% will generate 500 pips per month.
There seem to be a lot of ego's here, but quite simply used properly this is a outstanding tool. Stop knocking something which you haven't got the brains to use !!!!!!!!!!
Sanja Hunt, Solon, Iowa
Rating:
Date of Post:
2010-02-11
Review:
Hello again,
in my last post I said that I could hardly wait to meet Andy and the traders/ moderators who were trained by him. Well, I just returned from NYC where I spent a whole week getting an intensive training. I have to say that it was nothing short of 1st class.
We traded every morning with Andy from 7:00 to 9:00AM constantly getting his guidance and instructions on trading crosses, levels of support and potential resistance as well as targets.
We then had classes presented by Sam, JH, Joe Laspina, Morty and Michael. These classes covered everything from technical analysis, cross trading, long term trends, money management, movement of currencies in relationships to each other. Andy always covered the news/announcements/econ reports, entry levels, risk management. I have to say that I have never been to a training where time flew by as quickly as this week that I spent in NYC.
It is truly hard to imagine that there are people who think that these guys are not for real. They all traded their own money and people like Joe Laspina trades other people's money as well. Besides, a few pips on 5-10+ contracts is not exactly peanuts for a lone trader. At one moment I heard Andy place a trade for 200.
I do not want to talk about financial involvement of other moderators in FXMM since it is so substantial that I would soon have each interested person find out for themselves but the amounts were quite startling and had nothing to do with selling the product but on the contrary had everything to do with making money trading using the system.
The excitement that one can sense in the posts and voices of the moderators have to do with the joy that they all have for teaching newcomers.
FXMM is a great tool. Night before last I placed a short trade on E/y and on E/$ as I watched both get into RV set up. In an hour and half I was 45 pips up. Yes I looked at a trend, yes I looked at topping out and yes I had MM to show me momentum as 1" grid slipped below 5". E/Y pulled E/$ down and I set a target to get out as E/y hit 1 Hour support. Total harmony.
The greatest thing about FXMM is that for the price of live feed one gets lifetime trade room access and the training continues while other traders post potential trades alerting each other on good set ups. I am evolving as a trader, I want to trade live, I want to trade NY session, Asian session and occasionally when I cannot sleep, I will plug into London. If one does not share those commitments then FXMM is not for you.
As for moderators I can tell you that these guys were incredibly helpful, patient and willing to share their knowledge while showing us things as they occurred on the grids. I never had a feeling like they were some prima donas who just wanted to take our money. There were people there who were there for the 2nd time. Did not have to be there, it was just so much fun they wanted to do it. I will do it again. I would like to think that I will get to attend every trade room that is already in existence. To top it off it is so much fun to have trader acquaintances and friends all over the world as I am still joining in from my country home in Iowa.
2009-09-03 5 Stars Hello to all,
I would just like to say that after several years of market study I discovered MoneyMap. When I saw the 4 time frames side by side for 6 currency pairs that I could spread accross my 32" + 17" monitors, I was hooked. I bought MM without hesitation. Why you ask? I love charts and technical analysis but how often are those subject to interpretations? And then I have to look at them one at a time. MM opened a whole new way of looking at support and resistance. I open the grids and 1" and 5" charts right next to them. I can see momentum, I can see lower lows and lower highs and watch all six currency pairs at the same time. How can I not love it?
I join the NY session every morning and for anyone who thinks that Andy is a fake, let me tell you that I have seen him lose money right in front of all of us. That alone gave me confidence to call my own trades. Kash rocks as a trader, so does Wolverine, and Andy's insight into currency trading is priceless.
I am so sorry that there are people that do not share the excitement that the members of FXMM display but how can we help it? I've seeh Kash call trades, get in and get out, set stops as he says "beven" which means "to be even" and profit more then lose. These guys teach by example and as we watch them trade. After a while when I started seeing patterns I could predict what Kash would call so my entries are really close to his.
Every morning when I tune in--it's a party, but it is always up to me to pull the trigger.
My last trade: 47 min in the online trading room, +47 pips, 3 trades.
I spent a ton of money on other "systems", MM rocks and I am really looking forward to booking a week of live trading and meeting the moderators. I am so sorry for all that miss this chance at Forex trading.
Last note: I have not met a single person from FXMM yet nor do I know anyone else in my area who uses it so I really cannot be considered a part of Andy's army.
"Trade humbly" . Those are instructions from Wolverine.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
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foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Disclaimer and Risk Warning. Please read.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.
Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.
Spammers be Warned If you spam the FPA's forums or reviews, we reserve the right to edit your post in any way we please to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its associates for anything we do to or with your spam.