Trend Signals has a structured members area to help traders get an insight into their trading activity. They offer a complete education on trading the market. The program is led by a team of several traders who claim to have launched their algorithms back in 2003.
Detailed Trend Signal Review
The website makes many claims about profitability and success stories of traders who have joined the program. It uses the usual marketing strategies that show testimonials from a few to highlight the performance. There are no verified Myfxbook records to back up the claims. The main page is also loaded with various blogs and insights on market news.
Trend Signal has the following set of features:
- Free webinars and blogs that offer insight into the strategy
- Provides continuous support from the mentors
- Easy to follow strategies that beginners can use
- It offers many game plans to suit the personality of different traders
How does it work?
The company fails to disclose any joining procedure, which is quite a poor approach. From our conclusions, the pricing and joining details are only available if you contact them through their email or join one of the free webinars.
Trend Signal Strategy Tests
The mentors trade on the daily charts utilizing their own indicators and taking both fundamental and technical into analysis before making any decisions. Their average holding duration is also longer respectively. They use tight stop losses and strict take profit targets to cater to any adverse situation. Multiple indicators that the company develops are used to predict future market movements and make trades. They fail to disclose the working methodology of these algorithms, which is quite fishy. A few trade analyses are available on Youtube that mostly show the good scenarios and fail to depict the worst situations where the system might have failed.
Live Trading Results
The company fails to track its records through verified performance tracking websites such as Myfxbook and FXblue. This is again a poor approach to present their service to traders. Verified trading records are the only way to confirm if the indicator or any strategy is working or not. Making bogus claims on the website mean nothing when there are no results to back them up. The company looks keen on presenting a few trades or testimonials that could sell their product to novice traders who like to get rich quick ideas.
As mentioned before, there is no information present on the pricing model of the service. As per observations, the company only chooses to disclose the costs to traders who join their free webinars or email them. Using such models of price disclosure raises some concerns about the authenticity of the company.
Customer reviews are available on Forex Peace Army that gives Trend Signals a 2.73 rating for 32 feedbacks.
Traders try to warn other users that the system costs a lot of money and fails to deliver on the promise. They also report that they have incurred huge losses that are irreparable. There are more losing trades than profitable ones.
Trend Signal trading course and indicators are not profitable for an average trader, which is evident from the customer reviews.
There is no transparency on the pricing. Their algorithm currently works better for the forex and is not well enough for the stock markets. Using all the clues, we conclude that the service is not worth the investment or time.