Trend Signal has been in inception since 2003. The company trades using multiple indicators on the daily chart and mentors students to do the same. They have multiple webinars and personal coaching sessions to help novicesimprove their learning curve. Our article will inform traders about the service’s various features and find out if the trading package is worth it.
Is Trend Signal still profitable?
The company is not transparent about a number of things and does not provide its statistics through verified sites such as Myfxbook. The customer reviews are also not positive, stating that the trading packages are not profitable to follow.
The company was founded in 2003 by several traders and IT professionals, according to the information provided on the official website. Currently, they present their team and show several members, including directors, mentors, business associates, etc. There are no CVs or links to LinkedIn profiles that we can use to verify the mentioned qualifications. This type of activity raises some concerns.
The company is not transparent about the strategy that they are utilizing. On the youtube videos, they show trading on the daily time frame on multiple currency pairs. They follow their own custom software that has all the indicators they utilize to trade. Fundamentals and price action techniques are taken into account. Lack of information on the topic is bad for the reputation of Trend Signal.
How to start trading with Trend Signal?
To join the program, traders have to contact the company through their phone number or fill out the form available on the website. After paying the designated amount, they will send your email and password, which can be used to log in to the customers’ section. Traders can then access the webinars and other tools available for them.
There is no recommendation on leverage, and the minimum balance traders can use to follow the signals.
The company is not transparent on the pricing models. There is no information available on the website, and traders will probably have to contact them to get out the costs. Lack of knowledge on the respected topic is poor for the reputation of the company.
Trend Signal backtests
There are no backtesting results available as the service is an educational package. However, the providers could use their indicators on simulating software and test it on a particular portion of historical data. This could be an easy task if the company has IT professionals and top traders, as they have mentioned.
It is sad to note that there are no live trading records available on the website. Forward testing the system could have shown us the performance, giving us an idea of what we can expect in the future. Lack of transparency at this point is a flawed approach and is the primary practice of scammers in the financial markets. It is quite easy to upload account statistics onto Myfxbook to track them.
Customer reviews are available on the Forex Peace Army, a noted platform used to track the users’ feedback for financial products. For a total of 33 reviews, the company has a rating of 2.614, which is quite poor. Customers state that they have a great sales pitch and should be avoided at all costs.
- They have free webinars that traders can watch
- No transparency of the developers
- There are no live and backtesting results
- The company is not transparent on pricing models
Trend Signal does not convince us as there are no live trading results that we can use to gauge their performance. The company is not transparent on its pricing models and does not give adequate information on the strategy.