Forex Funnel

ForexFraud

This forex fraud article contains a Forex Funnel overview, its questionable profitability claims, and an objective Forex Funnel scam assessment.

Forex Funnel Overview

Forex Funnel is automated forex trading software that operates as an Expert Advisor on the popular MetaTrader 4 forex trading platform. This forex robot’s developer remains a mystery, although similarities with how Forex Tracer is being marketed, lead some people to think the two may be related.

Questionable Vendor Profitability Claims and Issues

  • Vendor claims positive back-tested returns of $462,112.87 net profit on a $50,000 deposit over historical testing during the period of 1/3/2005 to 6/11/2008 using USD/JPY on a one hour time period.
  • This represents a claimed potential profitability of 269%per annum over the testing period, had the system actually been traded during that time.

 

Forex Funnel Scam Assessment

Is a Forex Funnel scam going on here? Possibly.

Basically, many forex robots are back-tested by their vendors over historical pricing data to come up with outstanding profitability claims over a carefully-selected time period, currency pair and choice of setup parameters. As a result of this optimization process, future profitability and the use of different parameters or currency pairs may generate results that can be nowhere near as good as the testing returns.

Usually, people who purchase these robots test them by having them trade in a demo account during the guaranteed return period. If the results look disappointing, they then return them via Clickbank.

Basically, we do not recommend that traders use Forex Funnel or any other automated trading robots. Forex trading is not a get-rich-quick scheme. In order to trade forex profitably and reliably, you need to develop and refine your own trading methods. Trusting your fortunes to others is not a viable path to success in forex or any other venue in life.


ForexFraud

Latest news

China’s New Central Bank Digital Currency Dishes Out More Pain to The Dollar
The US dollar’s role as the world’s base currency is facing a new threat that could dramatically impact the broader financial markets. Read more
Russell 200 Index – US Jobs Report Could Signal a Good Week for Equity Markets
The positive US jobs report might have lit a fuse under equity markets, the Russell 2000 index in particular. Read more

Forex Fraud Certified Brokers

skilling logo
Oanda Small Logo
Plus500 Small Logo
City Index Logo
Exness Small Logo
ATFX Logo
OctaFX Logo
XM Logo
BlackBull Markets Small Logo
Pepperstone
HYCM Logo
IQ Option Logo
LegacyFX Small Logo
IC Markets Logo
FXTM Logo
Forex.com Logo