Feedback about epiphany,fxmaster&netpicksforex

Peter35 · Jun 5, 2005

Quote from Nana Trader:

I don't understand why you are satisfied? As per their
performance record, they didn't make any money from
the new year (Dec, 04 to April,05)?

http://www.fxmaster.net/history/smshistory.html

December 2004-------+235
January 2005----------+120
February 2005-------- - 375-
March 2005----------- +255
April 2005------------- +70
-----------------------------------
Profit Total pips 305 / five months= 61 pips per month

Now, with 61 pips , I think traders that followed their
signals breakeven or lost money slightly, because they
can't enter and exit as per signals every time.

It seems FXmaster is waste of money

I don't calculate it this way. I look to their results in a different way.

Profit in 2004 = +7380 pips
Profit in 2005 = +540

I trade at 5$/ pips so i need only 30 pips per month to cover the subscription fees (150$) and then whatever they make, i'm in profit. The average return since Jan 2004 is 465 pips/month. Even if they make 60 pips only as you say, i will follow them as long i end the month in profit.

Peter35 · Jun 6, 2005

Quote from murfy_kl:

Peter35, what's their results for May? they didn't update their performance page yet.

They added May results to the performance page

http://www.fxmaster.net/history/smshistory.html

Peter35 · Jun 9, 2005

Quote from electron:

I believe, and please correct me if I got it wrong, that they started posting real results (according to their automated system) this March. You can see how they compare to their previous completely hypothetical results. The difference is so huge that you are better off to wait a bit longer to see if they ever match their hypothetical results again. I doubt it...

electron, are your receiving netpicksforex signals? Can you confirm that they post real results?

Terry_G · Jun 17, 2005

Quote from Peter35:

I use fxmaster signals. So far, i'm satisfied with their signals.

Fxmaster.net is very popular in many forex forums, they also post daily forecast in moneytec and T2W forums. They offer 3 services and i don't know what's best for me to subscribe.

They offer :

-sms signals sent to mobile

-daily forex forecast

-forex training course.

If anyone here tried any of these 3 services, please advice which one should i take.

Thanks

Terry G

dalodoma · Jun 17, 2005

Quote from Terry_G:

Fxmaster.net is very popular in many forex forums, they also post daily forecast in moneytec and T2W forums. They offer 3 services and i don't know what's best for me to subscribe.

They offer :

-sms signals sent to mobile

-daily forex forecast

-forex training course.

If anyone here tried any of these 3 services, please advice which one should i take.

Thanks

Terry G

My friend subcribed the SMS and he is pretty satisfied.. of course he subcribed at the end of may and their results were all winner.

i asked if he could show me the signals,, and he did.. from what i can see, a signal include limit entry price, stop loss and target. and the results were honest (for once). i might give it a try.. hopefully, they won't run into losing streak like the beginning of May

dalodoma · Jun 17, 2005

Quote from Peter35:

I don't calculate it this way. I look to their results in a different way.

Profit in 2004 = +7380 pips
Profit in 2005 = +540

I trade at 5$/ pips so i need only 30 pips per month to cover the subscription fees (150$) and then whatever they make, i'm in profit. The average return since Jan 2004 is 465 pips/month. Even if they make 60 pips only as you say, i will follow them as long i end the month in profit.

Peter35,, does the mini $5 account use the same price level as the regular one? what about spread? i want to start small on forex, since i trade YM during the day.. it would be a new hobby for me at night

Peter35 · Jun 19, 2005

Quote from dalodoma:

Peter35,, does the mini $5 account use the same price level as the regular one? what about spread? i want to start small on forex, since i trade YM during the day.. it would be a new hobby for me at night

There's no difference between regular and mini accounts regarding the price and spread.

4xtrader · Jun 21, 2005

Quote from Terry_G:

Fxmaster.net is very popular in many forex forums, they also post daily forecast in moneytec and T2W forums. They offer 3 services and i don't know what's best for me to subscribe.

They offer :

-sms signals sent to mobile

-daily forex forecast

-forex training course.

If anyone here tried any of these 3 services, please advice which one should i take.

Thanks

Terry G

I tried the 3 services.
Their training course was a good tool for to learn hot to do technical analysis and it has also a couple to trading systems. It's a simple training course suitable for beginners.

The forecast is just analysis of the market with levels of support and resistance (no entry signals). I quited their daily forex forecast after the first month.

The best service you can get from them is the sms signals. You will receive entry signals with sl and tp levels. It doesn't need to know much about forex to follow these signals. All you need is to be ready to set the trades once you receive them on your mobile phone.

dalodoma · Jun 25, 2005

Peter,

from what time (US est.) they start sending signals? do they send around the clock?

Peter35 · Jun 26, 2005

I usually receive their signals during US session. It's rare when i receive during Asian or European sessions. During last months they send only limit orders which take some time before getting triggered so even when i receieve a signal while sleeping, i usually wake up in the morning to find that it is not triggered yet.