This is a forex signal service which at the first glance looks appealing. They offer free signals and payed signals. A few of those payed signals are truly expensive, up to $200 monthly. I subscribed to one of those signals, because I was impressed of its statistics, and I thought it must be damned good for that price ($150 monthly).
This vendor opened a GBPJPY trade long, when it was obviously overbought, and for the next few hours he had several chances to close the trade on break even or in a little profit. He didn't. I didn't close the trade manually against all common sense, because I thought that this expensive "expert" should know better.
Well, the "expert" let the trade rally down to -600 pips, and then.. he closed it! But wait, that's not enough. Now that we had arrived at the bottom of the graph he opened again - SHORT! - And he delivered us another fine -200 pips.
It looked almost as if it was made on purpose. So, that's the kind of signal providers you can find on the RENT A SIGNAL site. Especially the expensive ones seem to be the most efective when it comes to wiping out your account.
You have been warned.
This vendor opened a GBPJPY trade long, when it was obviously overbought, and for the next few hours he had several chances to close the trade on break even or in a little profit. He didn't. I didn't close the trade manually against all common sense, because I thought that this expensive "expert" should know better.
Well, the "expert" let the trade rally down to -600 pips, and then.. he closed it! But wait, that's not enough. Now that we had arrived at the bottom of the graph he opened again - SHORT! - And he delivered us another fine -200 pips.
It looked almost as if it was made on purpose. So, that's the kind of signal providers you can find on the RENT A SIGNAL site. Especially the expensive ones seem to be the most efective when it comes to wiping out your account.
You have been warned.