Forex G-Force

Love Trading Buy/Sell Arrow Signals? Try This!

I am, as most traders are, interested in various different ways to trade. So a lot of my time is spent researching trading methods both old and new. And during this process you end up regerstering to various forums and websites. As a result your inbox gets spammed on a daily basis.

One of the emails I receive the most is from Forex Monster. There is always something; the Supremo FX Signals, Forex Assassin, Forex Warlord, Forex Enforcer Automatic and so on and so on. The most recent one they are plugging is Forex G-Force.

Apparantly, wait for it, it turned $10,000 into $2.7 million in just 10 months. Ignoring that rediculous claim; on the website it claims to have turned the $10k in to over $20k in just 11 trades. This averages out at about 10% return on investment per trade (approx $1000 per trade)

Even at a positive reward to risk ratio of, say, 1.5. That means a loss will cost you approximately $666. This means you can only lose 15 trades before you lose your trading pot. Most likely in real trading the system would have a negative R:R and such you could cease trading withing a handful of losing trades.

I must stress I have not seen the Forex G-Force EA but nor have I been shown any evidence to prove my worries unfounded. There are just so many forex EA scams out there at the moment. And whilst I am sure some would not call them a scam I personally feel anything that is sold that is far from the truth of their advertising blurb is a scam.

Maybe Forex G-Force will be different. Maybe it will be something special that will make every trader on this planet rich beyond their wildest dreams. But somehome I doubt it. I only hope traders do not lose too much money in the process.

Naturally there will be plenty of posters on the internet that will answer their critics by saying…”it only costs £60….small price to pay to find out if it works don’t you think”. As long as you are willing to test it for a good numbe rof trades then maybe £60 is a small price. But certainly don’t go thinking you will earn $2m from a $10k trading account from Forec G-Force. If you do you are conning yourself…..just like the people who are marketing these EAs are.

3 Responses

  1. Jonathan Sawyers says:

    I came across a link to your website on a Forex website, and I must say… Your website is tons better. I understand it better now, thanks

  2. Andrew Pelt says:

    great post and nice site.  I love the idea of forex trading but making work is so hard. I have bookmarked your site and will come abck to see what else there is here.  Thankyou for the post and the info!

  3. Forex tips says:

    Nice site you have, the posts here are very helpful. Thank you! :D

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