August 27th, 2009 
admin 
ForexMoneySignal.com
ForexMoneySignal.com is a forex trading signal service.
Trading Style
One thing can be said about ForexMoneySignal.com – they are a very honest signal service. Their trades are reported, in real time, in an subjective and unbiased report site (available here) and they are profitable beyond any doubt. Enter points, Stop Loss and Take Profit are all reported in real-time and are honest.
Their trading style is mixed- they use some trend-following and reversal trades. One thing I did not like about ForexMoneySignal is their Risk:Reward. Their Risk:Reward is generally 1:1 which is somewhat mediocre and could suggest that they are not sure about the exits for their trades.
Moreover, their stop loss size is constant which is somewhat peculiar. A stop loss should be placed in a logical place and it does not make sense to place it at 100 pips regardless to the conditions of each particular trade. However, the bottom line is that this service has been profitable so far.
Performance
Performance is impressive and also honest and sensible: They have had losing months, but overall the picture is green. One thing that is a bit of a concern is their decline in profits. The profits of ForexMoneySignal has shrunk strongly from thousands of pips per month to hundreds and even losses. Moreover, they seem to have stopped trading in August – which could indicate some lack of confidence in system.
2008 ... 6600 pips
2009 … 1415 pips so far
Trial
Trial is not offered but a 60-days refund guarantee is provided (via Clickbank).
Pricing
49.99$ per month, with discount when subscribing to longer periods.
Conclusion
Honest 5/5
Trading Style 3/5
Performance 3/5
Overall: 3/5
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ForexMoneySignal.com
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