Trend Signal is led by many market participants who claim to have been in the industry since 2003. They promise to provide freedom, success, and full support from the beginning to help better the learning curve. Our review will cover all the important aspects of the service such as features, performance, vendor transparency and discuss if you should invest in the program.
Features
The service has the following features:
- It has webinars that traders can use to gauge their service
- The company provides support for traders with different mentors
- It has been in place since 2003 according to the website
Strategy
The system developer fails to provide us with sufficient information that would tell us what type of strategy it implements. There are several youtube videos on the market news section where we can see them trading the daily charts on multiple currency pairs. They also take some of the fundamentals into accounts which is evident from the market analysis.
How to start trading with Trend Signal?
After paying the price for the course, your designated login id and password will be sent to your email. Traders can log in to the platform and open up their dashboard to access all the information the program offers.
There are no recommendations present on the settings and minimum deposit a trader should use while trading with the indicators. They also do not mention what brokers would work best in this case.
Moreover. there is no info present on the pricing of the course. Lack of transparency raises many concerns over the authenticity of the product.
Backtests
As this is an indicator-based strategy, there are no backtesting results available. However, there is an option to use forex simulators and backtest using indicators. For a company that claims to be working with big financial institutions, this should be child’s play. The inability to provide us with good proof states that the system might be flawed.
Verified Trading Results of Trend Signal
The company doesn’t track their mentors’ or student’s performance through verified websites such as Myfxbook. This type of activity raises even more concerns about Trend Signal. There are many products online that claim to provide a good win rate and tremendous success but do not have any statistics to back their statements. This is a common practice of scammers.
Vendor Transparency
The trading course is led by a huge team that consists of directors, mentors, and business associates. There is not much information on the qualifications of the members. There are also no CVs or links that could verify the mentioned expertise.
Customer Reviews
Customer reviews are available on Forex Peace Army, which gives the service a total of 2.614 for 33 reviews. Traders state that they are constantly losing money with the program and can not find the program to be profitable. They advise other market participants not to lose their hard-earned money by investing in the program. We also know that the joining fee is 4000 Euros that one of the reviewers mentioned.
Is Trend Signal a viable option?
Trend Signal has a poor website interface and customer reviews. There is no transparency whatsoever from the developer on their trading experience and whereabouts. The company also does not provide verified tracking records, which raises further concerns. All these negative points do not make it profitable to invest in Trend Signal.
Advantages
- Provides a simple strategy that beginners and amateur traders can easily follow
Disadvantage
- The company is not transparent on the pricing
- No vendor transparency
- Performance is not available on a live account
Conclusion
Trend Signal is not a profitable trading course, according to the reviewers on the notable Forex Peace Army forum. The company is not transparent on a number of things which is generally a practice of scammers in the market. It would be best if you invest your capital in other courses.
