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Average Customer Rating: (based on 5 reviews)

(2.6 stars vs. 4.2 category average)

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Displaying 1-5 out of 5 reviews

notlaw
notlaw

Intermediate Trader

12 months each one a loss

4/29/2010

6 of 6 customers found this helpful (100%)

Pros:
Active community
Cons:
Incomplete education
Bottom Line:
No, I would not recommend this to a friend
Quote:
Forex confidential has never had a winning month in the last twelve - what more can i say? he is not a trader - just a MLM scam
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notlaw
notlaw

Intermediate Trader

10 loosing months!!

2/5/2010

1 of 2 customers found this helpful (50%)

Pros:
None
Cons:
Not interesting
Bottom Line:
No, I would not recommend this to a friend
Quote:
An update on De Witt at Forex confidential.

I would be better if you looked at the full story on Forex Peace Army http://www.forexpeacearmy.com/public/review/www.forexconfidential.com
But in summary he has had TEN consecutive months loosing!! Even though the history was 'cleared' because he has trying a all new trading system ( since its start in January 2010) has lost at the time of writing 10% of the account.......

Just keep away - there is no good reason to use this man and his so call system


Paul Walton
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notlaw
notlaw

Intermediate Trader

Forex Confidential

9/22/2009

1 of 1 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
No, I would not recommend this to a friend
Quote:
please please do not waist your time and money on this scam - see below.
2009-09-04 1 star I note from his web site he has managed to loose 1882 pips in 4 months or 465 average per month! If you look at my previous posts I am SO GLAD I got out when I did before loosing more. If I lived in the US I would make it my mission to put this scam merchant out of business - unfortunately I don't know how to do this from the UK.
STAY AWAY FROM THIS UNETHICAL MAN

2009-08-26 1 star Regarding my last comment about Forex confidential I forgot to mention, the Thunderstorm robot Steve De Witt pushed blew my account of $1000 very quickly. I also, based on 'alleged' historic data signed up to the Dow Confidential - see his Webb site for details - this blew $5000 of my deposit. It's embarrassing to mention this but I don't want anyone else falling foul of this man and his plausible ways. I believe his long term members are family or friends, or for some reason like loosing money and listing to his ramberlings - more like a radio station than a 'professional trader'....... Don't go near him unless you want to loose some serious money or like listening to an egotist. Please Please learn by MY mistake(s) and be cautious.

2009-07-30 1 star I have finally decided I have been suckered, took me six months.
It’s difficult not to get emotional when you have lost money month after month especially when you believed all the hype and comments. I have lost money with Forex Confidential for over six months – we are talking a considerable amount. I will be, no doubt ,one of the people - to quote Steve’s recent e-mail to me ‘’As for Forex Peace Army – that site is for disgruntled people who can’t take responsibility for their own trading and blame others’’
Yes I am disgruntled, and have taken responsibility – it’s my fault for believing in FC. So I have cancelled my subscription – and hope others do not fall foul of FC empty promises.
My observations.
• Steve is a salesman not a trader, he is very very plausible
• His background in MLM no surprise there! He has offered EA’s, vitamin sprays, MLM search engines, sleep aides, VPS via an associate – the list goes on and on.
• Only trades a small account - live ask yourself why??
• The EA ‘Thunderstorm’ was withdrawn after he promoted it. That blew $1000 of mine
• He is reckless in his approach (as you can be with a small account!) he make money from subscriptions not trading.
• This month alone my account is down around 20%, the other months mostly losers
• Managed to achieve approximately 10 loosing trades in a row – the 3 small wins then nine looser!!
• The method of reporting each months gains or losses has been changed to ‘pips’ prior to this it was % loss or gains I suspect this is to mask the horrendous six months
• As for being a ‘man of god’ what religion encourages this sort of set up - beggars belief maybe he gives it all away to charity? Let’s hope so.
I was sucked into this well and truly, but after many re assurances things were getting better it’s time to call it a day and move on. I am sure Steve will have some cleaver words in reply to this; he may have had a lucky run previously – but in six months I have lost a lot of money. If you are wondering Steve its Paul from England – we have exchanged e-mails.
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PooPipster
PooPipster

Casual Trader

My trading skills have started to improve

6/5/2009

1 of 1 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
Yes, I would recommend this to a friend
Quote:
At first, I was hesitant to subscribe at Forex Confidential. I’ve tried so many forex products and would just end up spending so much money on useless stuff. I was thinking of leaving forex trading when a friend of mine mentioned Forex Confidential. And it was also then that I finally realized that I also lacked enough knowledge which is why I keep losing my investments. Fortunately, within 4 months with Forex Confidential, my trading skills have started to improve. I’m more aware and more knowledgeable on whatever’s happening in the market now; unlike before, when I was still depending heavily and exclusively on EAs.
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Kevin
Kevin

Intermediate Trader

Definitely worth the subscription price!

5/28/2009

3 of 3 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
Yes, I would recommend this to a friend
Quote:
Definitely worth the subscription price! Their website provides awesome service. I enjoyed their trading workshop that goes together with the live analysis of the market. I like the way they give assistance and share their trades to participants; although of course, I’m giving much more importance to the education that they’re imparting. They provide pretty cool learning videos too and THAT just impressed me even more.

PS

Mr. Scott personally answers all questions, too. Cool! That’s unbelievable because he goes out of his way to take time and answer all the issues and problems. Thank you very much for being sooo REAL!
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Displaying 1-5 out of 5 reviews

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