Friday, June 13, 2008
ForexProfitPro.com Under FFPA Attack
Scam Case This has to be one of the biggest SCAMS there are. The auto trader just is not profitable. Sure they will show you a few profitable trades but what you don't see are multiple losses for every 1 winning trade. You have an equal chance of picking profitable trades by closing your eyes and randomly clicking buy or sell. You will need to keep manually trading your own system with profits in order to compensate for all the losses that the FXPP Auto Trader will produce. They keep selling the EA on a temporary basis just to get funds for research and developement. This product is far from completion. Don't buy this product unless you don't mind spending $2500 for their R&D. Do not even click on their website, stay as far away as you can. |
Felix Attack ForexProfitPro
| Scam Case I own the automated version of the Forex Profit Pro. It trades exactly the same as the manual version, only it does it for you. The developer of the system is, without a doubt, a very experienced trader and is very responsive to its customers, and has worked very hard over the years to come up with a profitable trading system. I dont have a whole lot of experience with the manual version, so I cant speak for it. But the automated version is supposed to trade the same way, so I think its safe to say that your results (whatever they are) will be the same with both programs. The reason I think this system is a SCAM is because it simply is NOT profitable. The developer shows you all kinds of equity charts on the website which make you believe that you will double or triple your money in just a few short months. In truth, ALL of the traders who are using this system (most in DEMO mode) are totally frustrated and have either given up or are waiting for the next version of the program to come out to see if it will be profitable. They have a Traders Guild forum where all of the users post their results and discuss the system and the trades. Before buying the program, you should demand access to the forum to see what current owners and users of the system are talking about every day. Most of the posts are about the never ending stream of losses and suggestions about how to improve the system. Some are optimistic and positive, but they are mostly from traders who are in hope mode, praying that their investment in the program was not another waste of money. Questions to the developer about why their published results dont even come close to those experienced by every single rank and file owner of the system have been ignored. I have given this a SCAM rating only because the developer continues to advertise the system as a wildly profitable system when it it not. Truth is, if you buy this program - in its current state of development - you are guaranteed to lose even more money than you spent on the program. If and when the program starts to generate a profit (as experienced and reported by the traders in the Guild forum NOT the hypothetical BS that the developers report on their site) I will be the first to come back and retract this SCAM rating and give it 5 stars. But for now, if I were you, I would look elsewhere for a profitable system. At this point, you would be better off trading the best system that YOU ever developed. Dont wast your money. |
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