forexbastards

[Adriana]

Hello all,
For the sake of honesty, I chose to post this message in favor of Forexbastards. After few months spent in market maker land and losing a bit too much on stop hunting (FXCM), I landed on the forexbastards site through an internet search. It was going through the review of forex sites that I found EFXgroup (one of the highest ranking sites in Felix list).
Did additional research and while more expensive than most, I will stick to this provider.
Does not mean that Mr Felix is grand but in this specific case, it helped.
Best
JM

[NickB]

Obviously some most of the reviews are real and in that aspect it's a good site. My qualm is with the obvious manipulation on Felix's side.

[eyecelll]

Originally Posted by NickB

Who doesn't like what I am doing? are you talking about NewstraderFX's unprofessional $150 per month skype room? I know they don't like me.

sorry, i wasnt clear, i mean there will be people who dont like what felix is doing, not you

[NOFX]

Well I went on forexbastards a year or so ago just to check it out. The prices they charged for the signal service seemed pretty high to me. I would never subscribe to a signal service in the first place - I want to learn how to trade - I don't want to be spoonfed signals from some guy I don't know. If I can't call my own signals then I am next to useless as a trader in my humble opinion. I make my own calls and trade when I want and stay out of a trade if it doesn't feel right to me no matter who says otherwise. I do try to pattern myself after traders that I respect (Nick and others) but I don't want some dude just spitting out signals at me. I have stayed out of trades that Nick has taken (usually to my loss lol) but even then I actually learned something in the process. I just think people should be wary of signal services in general.

K - I am out.

[ccolb77]

I actually traded some of Felix's free signals when I was 2 mos out of the gate in Forex. His signals were very accurate on how much the actual numbers release would need to deviate from the consensus. I don't remember leaving any reviews but he was very green toward EFX/MB & Dukascopy. I don't doubt what everyone is saying about Felix, I just never had a problem with him personally. I unsubscribed from his signals because of the risk of news trading itself. The whipsaw reactions are just too much plus the numbers always obey S/R levels anyway which made me want to dig further and truly understand the art of trading. I thank God for Forex4Noobs

[PipHacker]

Well I think his site is informative but i think it's scam also coz i know very much about KFS Signals ...Scam Totally Scam... Very much expensive also... The Guy Who provide the signals seems to me very rude & didnt seems to me the well experienced trader...I wounder why this Scam King forex signal is with 4 or 5 Star rating...???

[NickB]

Originally Posted by ccolb77

I actually traded some of Felix's free signals when I was 2 mos out of the gate in Forex. His signals were very accurate on how much the actual numbers release would need to deviate from the consensus. I don't remember leaving any reviews but he was very green toward EFX/MB & Dukascopy. I don't doubt what everyone is saying about Felix, I just never had a problem with him personally. I unsubscribed from his signals because of the risk of news trading itself. The whipsaw reactions are just too much plus the numbers always obey S/R levels anyway which made me want to dig further and truly understand the art of trading. I thank God for Forex4Noobs

His signals are not accurate it really is just commonsense mixed with a little research.

[Fetor]

Maybe there's a reason why forexbastards is in the Pub section of this forum.

[ccolb77]

Originally Posted by NickB

His signals are not accurate it really is just commonsense mixed with a little research.

Actually his signals were right on key. The market would move the exact way that he predicted 80% or more of the time but it's pretty useless unless you buy their news trading software. He would give instructions on how to trade retracements but with some brokers offering spreads of 20 + pips coupled with wrong timing of entry you might not get much profit or even some losses. I can now make some of those predictions on my own but when you are very new to Forex, "commonsense" takes time to develop.

[NickB]

What I meant to say is his signals are not accurate because they are not signals. All he is doing is saying if it is higher than expected go long if it is lower go short....

It is not rocket science. Economist come to a consensus on the report number, if it is higher or lower than consensus the market might react. He simply gives two numbers far enough away from consensus that the market would react. A 12 year old child could do it it after a few weeks practice...