eToro – Forex Trading Forum

[HappyHappy2009]

Forex trading signals had already played an important role in forex trading. The system can be pretty easy if you spend 10 minutes trying to understand it.

Let us tell you what to do:

http://forex-2009.blogspot.com

[Tropezienne]

DON'T DO IT - this is a well known forex scam. Here are just some notes from the Forex Army review of Forex Autonomy :

For those who are thinking of signing up or just signed up for the Forex Automoney USD 4.95 trial offer, please read the Terms Of Use carefully.

The USD 4.95 offer looks attractive but when you are not satisfied with the service and want to cancel your Trial Subscription, chances are you will be "caught in their trap", as you will not be able to find out how to cancel the membership. If you send a Support Request to cancel the trail subscription on the 3rd day, you will still be charged USD 99.90 the next day.

And - as for their claim to gain millions of pips per year - somebody did the math :

4 million pips last year? Even with 18 pairs the math does not add up. Impossible to gain 4 million pips in a year, .

18 pairs times 300 pips a day equals 5,400 pips.

5,400 pips a day times 5 days (one week) equals 27,000 pips a week.

27,00 pips a week times 52 weeks (one year) equals 1 million four hundred and 4 thousand pips for the whole year.

Many currencies do not even move 300 pips a day on average. The math above does not include losses, it does not add up! Someone please call the NFA!!!!!!

There is only one way to make money with forex - Learn to trade ! Develope a system of your own.

[TheChosenOne]

I looked at their blog spot - it looks very dodgy.

Has anyone actually signed up fo this ? If so - let us know how you get on .....

[harelei]

I bought the 3 day trial. I wasn't happy with the signals; I ended up doing the opposite and getting better results (I may have been reading the signals incorrectly; it's all completely new to me). I used a debit card, which I have not reloaded yet, so my account with Forex Automoney was suspended when they couldn't take money out of my account. I had contacted them saying I no longer wish to subscribe to them, but have still received no answer. I will check with my card issuer to see if it is safe to reload my card, otherwise I will close it and get a new one, which will only cost me NZD16.50. So, sadly a rather dodgy solution to the problem, and I'm not sure how helpful that will be to those using a credit card. The benefit I got from it was the link to eToro.

[Tropezienne]

Hi there Harelei and thank you for sharing your experience with us. There are too many of these scams out there and the sales pitches are so good that I am sure they (the scammers) are making more money than their clients.

At least you found your way to eToro - so WELCOME - it is great to have you here. It seems as though you will be an active contributor to this community.

Take your time to explore the forum - there is a lot of great advice here about forex in general and about the eToro platform in particular.

If forex is new to you it is best to spend some time on the Practice Account because unless yoou know what you are doing you will lose your trading capital very quickly.

A few of us here have written threads specifically aimed at the new traders - I hope that you find them useful.

Let us know how you get on with the Practice Account.