New addition FX Phantom is a new Forex signal service by William Morrison. William is the same guy that developed Million Dollar Pips and Forex Growth Bot. This is his first foray into signal services to my knowledge. The price for this system is $149 first month then $37 per month and it is being sold on the Clickbank payment processor.
Tagline: Access to a personal trading system used by nationally respected (rich) Forex trader. Including the secret of multiplying your Forex trading profits quickly.
We know so far that FX Phantom is a signal service that trades the EUR/USD and looks to pick up small pip gains on average it 1-3. Trades are made during all periods and when looking over their statement there are a few issues that come to the forefront. It looks like they had a trade open for 2 weeks, during this period there was a draw down of 180 pips and the end result was merely a gain of 1.4 pips. That is large risk for little gain.
I have already discussed the FX Phantom results some and I will continue here. There is a statement on the main page as well as screen shots of myfxbook (actual myfxbook not available). The statement has been verified by FinFX as a real account which is a major plus but that doesn’t account for some of the odd trades that have been taken. The results are also in a small period of just 3 months so we cannot see a prolonged track record. The problem with this type of Forex results is that it really cannot show a true image of the strategy itself and thus does not depict how the Forex product will actually perform. This is our opinion on FX Phantom on behalf of Forex Robot Nation and an adroit ascertainment of the market for Forex products itself.
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