Trading Signals Forex

ForexSignalClub.com

ForexSignalClub.com is a trading signal provider for FOREX and Oil. Service is running for 5 months, since May 2009.

Trading Style
A look at the performance tab shows all the trades since the initiation of the service. Very few trades has been taken – this indicates that ForexSignalClub are very picky in their trades and take only quality trades. However, such small amount also hardens to draw solid conclusions.

From a look at the trades, one can infer that ForexSignalClub trade mainly trend-following trades and breakout trades, and take very small profits. Stop Loss is not mentioned, and possible doesn’t exist. This is not a trading way I would accept – taking small profits and risking big time is a recipe for destruction of account. This can explain the high win rate (over 80%).

Another strange fact is a constant size of take profit. 15 consecutive trades with the take profit of 25 pips is somewhat strange. Take profit should be determined by price-action and not an arbitrary number.

All this suggest a very poor trading style that may perform in short-term but eventually fail.

Performance
Performance is not bad: hit rate is very high (as a result of using small take profits with big stop loss) and most of the trades are winners.

As stated below, ForexSignalClub are taking very few signals, and considering their poor trading style – I am not surprised. This short-term performance is not enough to draw conclusions regarding the long-term performance of the service.

August 2009 … +75 pips
July 2009 … +285 pips
June 2009 … +35 pips
May 2009 … +1100 pips

Trial
1-week trial is 10$

Pricing
99$ per month for full membership.

Conclusion
Doubtful trading style.
2/5

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ForexSignalClub.com