Today I’m looking at a new Forex signal service that promises to be steeped in the methodologies of technical analysis, Trends2Trade. The service aims to provide traders with a winning percentage of 80%, and over 1200 pips per month. These are very aggressive numbers, so we will make sure that the review is in depth and analytical, so that you know whether or not this is a viable Forex trading opportunity or not.
There is no information provided about the traders behind this service, but a WHOIS domain search does lead me to believe that they are located in the Netherlands. To get in touch with support, traders can email firstname.lastname@example.org or fill out a contact form on the website directed to inquiry, support or billing.
The Trends2Trade website is not eloquent or in depth at all, as they only provide a couple of paragraphs to describe their service, and what they are looking to offer the Forex community. They certainly need to expand on the concepts they are briefly explaining on the sales page, in order to give us the detail we require in order to properly analyze their approach.
They tell us that they are “a team of professional analysts and experienced traders who manage risk and only choose trades with high odds of being successful.” While this is impressive, there is really no evidence that it’s true, as we are not introduced to any of the traders involved with the service. They essentially want us to take their word, and trust that they have put together a team of professional traders. This is all well and good, but in a market with thousands of different services, this really doesn’t differentiate them from any other.
In terms of strategy, they use Fibonacci levels combined with geometry, trend lines and support resistance levels to identify high probability setups. Each signal provides traders with entry levels, stoploss and take profit levels.
The team specifically what’s the community to know that they do not use any automated software, and all trades are “carefully chosen by our dedicated team of traders.” This is common in the Forex marketplace when it comes to Forex signals, as you can see in my recent reviews of Arrow Pips, Forex Signalz and Practical Pips.
- Type: Forex Signals
- Price: Undisclosed
- Strategy: Technical Analysis
- Timeframe: All Timeframes
- Pairs: Gold, Silver, Crude Oil, ETF’s, sector index and various different indices.
When it comes to pricing, the Trends2Trade website is having some difficulty in allowing clients to register for either the silver or gold membership levels. Thus, we cannot see the price for their so-called premium Twitter and email notification signals. Every single time I tried to register, I get some sort of server error in their application, which essentially means that they are having major website issues. This is certainly a red flag, because these errors have been prevalent for a couple of days now.
I tried to give them time to resolve the issue, before writing the review, but they have yet to resolve the problem.
As for the trading results, the Trends2Trade team provide us with a results table that goes all the way back to 2014. There is also a monthly summary table that show the pips made for each period, and this ranges anywhere between -1750 in the worst month to +2205 in the best.
In looking at the results, we can see that the vendor provides very few signals. In June there were 2 signals, and in July there was just one. So, if you are a member of this service and you miss a trade, you may not have the trade for the rest of the month. While trade frequency isn’t very important to me, I do want more than one or 2 trades a month.
It’s also worth noting that these results are not verified, and the vendor could easily be cherry picking these trades and showing the Forex community whatever they want. It is my recommendation, that the developers start using a third-party website like Myfxbook, so that the results can be proven real.
I see no reason to recommend the Trends2Trade signal service at this point in time. The developers are clearly having troubles with their website, and need to make a few adjustments to the amount of information they are providing, and the transparency that they are lacking in their Forex trading results. When these aspects are corrected, or improved upon, I will revisit the review and let you know how I feel.
If you have any opinion that you would like to contribute to the review, please do so now.