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Winner of the Signal Provider of the Week:


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July 4 - July 10 2010 - +1.83%
June 6 - June 12 2010 - +1.89%
Oct 11 - Oct 17 2009 - +1.3%
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Price: $129/mo
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Strategy: WaveFX, swing trades
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Description:
Forex Confidential is primarily an educational service that operates a 24-hour traders' chat room and training on a variety of topics (money management, news, emotions of trading, technicals, reading indicators, support & resistance, etc.). Forex Confidential also offers signals for their WaveFX strategy.
Links:
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MT247 Verified Statements:
(Account is using: .02% Risk Per Pip)
(right-click and ‘save target as’ to download)
Account Updates and Memos
May 25th, 2010 - New Demo Created
The FXDD demo account expired, so we created a new one. The old statement can still be viewed (below).
January 7th, 2010 - New Demo Created: Since the only trades in the demo account were part of this goof and not reflective of what most members experienced, we're making a new demo.
January 7th, 2010 - 200 Orders!: When Steve went live with their new strategy this morning, his account used for submitting signals was actually set up to receive the signals also. This created an infinite loop of orders. We caught it and shut it off within 6 minutes, but only after about 200 orders had already been placed. Our demo account is using .02% Risk Per Pip and experienced 2 margin calls during this time because of the quantity of orders (even though it only lost 8.3%). Anyone trading using "Risk per Trade" or "Follow Provider" would have only traded .01 lots on these trades. Most of these trades went into profit and were actually closed with +5-10 pips each! Our demo did not because the lot sizes were too high for it to handle.
January 4th, 2010 - New Demo Created: Old Demo account expired. Forex Confidential is changing their strategy so there's no point in keeping old account stats.
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Previous Verified Statement:
Traded from January 7th, 2010 through May 21st, 2010 (about 4.5 months). Stats: Net -17.7% gain, 45% winning trades, Total pips gained: -905. Click Here to View Statement
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