Check the screenshot below, it looks very tempting isn’t it?
All these wins in a single day! Imagine had you follow all those at 0.1 lot each! Sadly this report is a result of an elaborate setup, in which your profitability isn’t even a factor and of course, it’s impossible to replicate.
How do they do that?
1. They Always Get the BEST Possible Results
There are 3 ‘recommended’ TP from the start for each signal but no one knows where market will move so you ended up choosing one TP and hope for the best.
There are three possible results that will negate your possibility for profitable trades:
a) You choose TP1 but price moved to hit TP3. This means you’re missing out. You get 10 pips while the channel reports a win of 100 pips.
b) You choose TP3 but price reversed after TP1 passed. You went to hit 90 pips SL but the channel reports 10 pips win from hitting TP1.
c) The signal was bad and order went to hit 90 pips SL without hitting any of the Tps.
If all 3 of the examples above happened, the end result would be: channel wins 20 pips (+100 + 10 – 90) while you lose 170 pips (+10 – 90 – 90).
To see this in actual real life example, visit my test on following VIP channel in one of the biggest forex signal channel out there here.
But wait, it’s only getting better.
2. They Simply Pretend the Losing Trades didn’t Happen
They can opt to simply not reporting the losing trades to keep the report lit. No one can point this out in a channel so new visitors will see it as the truth.
Some of them even audaciously includes the losing trades but EXCLUDE them from the total pips calculation. The losing trades pips isn’t showed on the report and in the final summary only the profitable ones are added up.
In this case, if we revisit the example from #1, the channel will report 110 pips (+100 + 10) wins and disregard the 90 pips lose on the 3rd order.
3. You Have No Way to Verify Anything They Said
And how do they gett away with doing all those mentioned above? Simple, because no one have any means to verify anything they said. They can claim whatever they want with no accountability whatsoever.
You keep seeing screenshots/videos of them executing the signals on trading account but cannot know if it’s a Demo or a Real account; or even if it’s the same account! As long as no one ask, they can keep showing only what they want you to see and shove the bads under the rug.
In the end it’s the blindspot of unable to verify any of their claims is what allow them to get away with all these. Stop following recklessly and do these 2 things before you commit your money following a stranger’s advice. Remember, joining the channel is free but funding your account is not.