Forex Reviews and Recommendations

Forex Confidential

for 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• The EA ‘Thunderstorm’ was withdrawn after he promoted it.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.