fxswingtraders.com Review

catastrophic. i got marging call follow his signals
Avoid

he doesnt know trading

I was a member of these signals more than a year ago (I think, possibly longer). I am now a victim of weekly spam and there is no way to opt out.

Kumar sends his weekly spam from a Gmail account with no opt out attached. I have replied several times asking to be removed but no avail. I find his waffle to be of very little value. Eg, About 6 weeks ago he said he would be buying EURUSD on the dips. Could a call be any more incorrect than that?

Now I also receive very regular emails from some other guy linked to Kumar. Again, no possibility to opt out.

Anyway, I was nothing but a looser with this guy. In the beginning I paid good money for bad signals, and now, like a nasty STD he just keeps showing up.

Kumar, please please please allow people to opt out of your spam!

This company was recommended to me by another trader and so far I have been extremely happy to join fxswingtraders, so that is why I am recommending it to all of you. If you expect hundreds of pips a day then this service is definitely not for you, but the daily trading signals by Stuart has been a blessing and since February 23, 2009 I have not lost in forex. Stuart usually gives out a trade every day and every month I have banked pips from his trades. He also has another system called the ART trades which are longer term time frames but Stuarts daily trades have been a wonderful blessing and I strongly advise all of you to try out this service if you can secure a membership. I was on the waitlist for 3 weeks before a space become available to me.

The last person who gave it a one star obviously has never used this service, I joined this service at the start of 2009 and every single trade has a stop loss, I never had a margin call and have made over 1000 pips as of submitting this review. This really shows that a class service like this gets a bad review from probably an owner of another signal provider who is simply trying to ruin this company. From reading his review he definitely has not used this service. Every single trade is reported with honesty including losses and I have seen my account triple over this time.

margin call following his trading signal. no stop loss. i loose all my portfolio using the smallest lot i can. he follow some strange people signals and they trade like in a casino. or you double your money or you loose all. but before double you will fall in the marging call. he also dont put and forget some very bad positions keeping for more than a month . that kind of positions who do marging call. avoid this scam casino.

I trade these signals with stops and can say that if you do that, you will be very satisfied with this service. All too often, traders blame brokers and their respective signal service because they lack the discipline required to be profitable trading forex. I trade stocks too and despite everything my portfolio has turned positive for the past year - I sure there are not too many traders that can boast doing that. My secret in forex is the same as with stocks - I take losses when I have to. SUCK IT UP BOYS AND GIRLS AND GROW SOME BALLS. I really can't believe the whiny reviews people post and I am sure these same whiny traders stay members of the service, make profits most of the time, but whine incessantly on the trades that don't go their way. GET REAL - It is called 'forex trading' not 'money for free!'

I have been with Kumal for more than 4 months and i am very happy with his service. Yes the signals does have big drawdown sometimes, but overall i am still up for all the past 4 month except for January 09.

Bill, your description of a stop-loss is incorrect. A stop-loss is used to limit your risk of losses on a particular trade. Not using a stop-loss on every trade goes against everything I have read about proper money management. And as any successful trader will tell you, sound money management is just as important as a sound trading plan. If Kumar is not using stop-losses, then he is not only putting his own capital at great risk, but he's also putting his client's capital at unnecessary risk. That, in my eyes, is grossly irresponsible.

Review Moderation Team Note: We believe Bill was referring to a margin call as the final stoploss if a trade goes too far wrong. :)

Beware: This service has probably blown up as many accounts as any other listed on FPA.

I subscribed when Kumar was giving his signals and that was the service. They weren't good so he added the ART signals, which did great i n demo. When they went live they have blown up most accounts several times with huge drawdowns (mine included).

So, Kumar stopped giving his signals and started giving his "Banker's Signals". They didn't do well (and I stopped my subscription), so he offered for free "Forex Dealer" GBP/JPY signals, which (surprise) didn't do that well (though not that bad either).

So he had a trader (S. Ralston) offer his signals for free. These have done fairly well so far. Of course, when I actually started using the signals, he made them only part of his $299/month service and I would rather just give my money away than give another dollar to Kumar.

No stop losses and risking 1000+ pips to make 100 on each ART trade means that you have to hit 85-95 per cent winners just to BREAK EVEN. You can win 10 in a row and the next loss wipes that out and more. A losing streak wipes out your account.

Randomly pick a signal service from FPA and you will do better than here and it likely won't be $299/month.

Got a margin call back in the second week of July. Kumar reccomended trading a max of 30,000 units for every $10,000 in your account. I was only trading 2/3 of margin of Kumar's suggestion and i still recieved a margin call. Short three Aud/Usd positions and short Aud/Jpy back in the Spring lead to months of grim drawdown--thousands of pips drawdown. I stopped trading the other signals or else i would have got a margin call a month sooner.
Kumar, you have to level with people; with your suggested margin every one of your subscribers would have got a margin call this Summer. Thousands of pips drawdown. Terrible. To make matters worse about 1 week later the AUD finally started to drop.
Be careful people.