I’ve been a long time member of FSO. I will be giving you my thoughts on what I think.
Johnathon is actually a good mentor. He does help newbies with all sorts of questions. The trading principles he teaches are sound, but that is because everything he teaches you can find from the james16 thread over at forexfactory.com, which is for free. He just put what he learned from that thread into a concise summary and charge you almost $300 for it.
And now the usual question: why teach when you can trade? Some people may argue they like to teach others, and have the free time to do so. If they can earn a little money on the side then why not, right? That’s what I thought too. But after being a member for around a year, it is obvious that he is not a profitable trader and he earns his main income from operating FSO. In a bit over a year he has made over $150,000 just from membership fees. Not a bad yearly income. He is a good marketer over at babypips. He probably copied the idea from Nial Fuller. Johnathon’s site’s content and format is very similar to Nial’s. I don’t like randomly stating things like these so I will provide some facts for you to consider.
On the forum, there is a thread just for senior members to post their live trades. In this thread, Johnathon rarely posts the trades he takes, and when he does, he sometimes cleverly post and describe the trade setup without explicitly saying he is entering it. When the trade doesn’t work out, nothing happens, because he’ll just say he never said he entered it. If it works out, he then reveals that he has moved to breakeven, took some profits, etc. Just go his most recent post there and all will be revealed. The same tactic is employed by his senior member Bryce (bhops here, and he is probably part owner of FSO judging by his praises. Again, he has not verifiable track record). He posted a live trade and got stopped out, then disappeared from the forum for days only to come back and say he entered and won another trade soon after. Funny… may as well say he won 3 more trades while he was gone. Oh wait, too obvious. The FSO method only provides few (if anything) trades a month. This is perfect for them to scam you. By providing you with a discretionary method that will maybe give you 15-20 trades a year. Only after around 20 trades can you really tell if the method provides an edge or not. But this will likely be a year later. He’ll just tell you since it’s a discretionary method, you have most likely been making mistakes along the way. Anyway, he never reveals all the trades he’s in, claiming that he doesn’t want other people to blindly copy his trades. This way it is hard for anyone to verify his results and we are left wondering if he is really a good trader. He claims to have years and years of trading experience but has nothing to prove it. Good mentor perhaps, but trader? Highly doubtful.
Johnathon used to run a small fund of over $30k contributed by members and himself. He gave this fund months and he’s the sole trader of the fund. It’s been in deep drawdown ever since the beginning, then he starts making up stories of his family (son, father) being sick and having to take time off, etc, etc, always the same story. It seems like he always have personal issues he has to attend to. This has been ongoing ever since the beginning. This meant he can take time off his personal trading and trading for the fund. Good for him, delay his public trading performances even further, while putting more effort into attracting more members to join him. Now, all of a sudden, he cancels the fund and stops trading it: a dead giveaway of his trading ability.
So why am I saying all this? I just want to be honest and let others know before committing. Granted, the membership fee is not a lot of money, but to some it may be. In summary, Johnathon is NOT a professional trader. He is merely a good mentor. You can learn how price action works and how to trade it, but you are left on your own to make the strategy profitable.
For your information, I am now a consistently profitable trader after taking what I’ve learned from FSO and being creative on my own. Consider the cheap membership if you want a mentor but don’t put full faith into what he teaches, as he is not profitable himself. Don’t be fooled.
The majority of his members will probably disagree with me. But it is a sad fact none of them is profitable for 3 months in a row on a live account.