Forex GDP Review

May 28, 2021 01:11 PM ET
Forex GDP Review

Forex GDP

Type

Signals

Price

From $36 to $147 monthly

Strategy

Swing Trading, Trend, Day Trading, Consolidation, Support and Resistance level, Positional trade

Compatible Platforms

Any

Currency Pairs

All

Timeframe

Any

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a

Trade length

n/a

Forex GDP presentation

Forex GDP is a signal service that has an extended presentation about why the signals are good for us. The main claim is  “Live ForexTrading  Signals with Chart Analysis” and “Quality of Trade Signals is more important than Quantity of Trades.” Let’s check if it’s true. 

Trading Strategy Explanation

We can find some explanations, details, and other information:

  • The signals can provide us with 80% to 95% of the monthly profit.

  • The RIO on the signals can be from 1:5 to 1:10.

  • They have technical and, if needed, fundamental analysis.

  • They have the same format in common: Symbol, Reason, Time, Direction, Entry Price, Stop Loss, and Take Profit.

  • We can expect to try free signals before paying for the service.

  • We can rely on money-management advice if needed.

  • The signals are based on the next strategies: Swing Trading, Trend, Day Trading, Consolidation, Support and Resistance level, Positional trade strategies, and several others.

  • The developers behind the company have over 20 years of experience. It sounds weird.

  • The signals have 150 pips’ Take Profit levels.

  • We’re free to use our broker. So, there’s no need to change it.

  • There are the following types of signals:

    • Jackpot signals. They can have a great RIO from 1:5 to 1:10. They have 20 pips Stop Losses and from 100-2000 pips Take Profits.

    • Trend reversal signals. When the market turns, we can receive a signal to make profits.

    • Big trade signals. We receive them when the market goes exactly where expected.

    • Commodities signals for symbols: Gold, Silver, Crude Oil, and Coffee.

    • High-Impact news signals.

Forex GDP Telegram channel

  • The free signals Telegram channel has 13,900 users.

Forex GDP Telegram channel

  • The channel has charts with explanations.

  • Signals can use several strategies: Swing Trading, Trend, Day Trading, Consolidation, Support and Resistance level, Positional trade.

Backtest Data Analysis

The developers provided no backtest reports. It’s a con because they mentioned many strategies that can be useful for us. Lacking information doesn’t allow us to know what we have to expect from these signals.

Live Trading Data Analysis

Trading Results

Myfxbook Account

n/a

Started

n/a

Deposit

n/a

Balance

n/a

Gain

n/a

Daily

n/a

Monthly

n/a

Drawdown

n/a

Profitability

n/a

Forex GDP Telegram channel

Forex GDP Telegram channel

The presentation includes many charts with explanations and traded results. Alas, this success isn’t verified by any 3-rd party verified companies like myfxbook, fxstat, or fxblue. This means the developers don’t make money trading. We can’t be sure that these screenshots of the charts didn’t appear after the market went in the right direction.

Usually, verified trading results provide us with the next information: account balance, leverage, win rate, absolute and monthly gains, drawdowns, level of deposit, average win and loss, deals traded, average trade length, profit factor, and symbols.

The company

Forex GDP - testimonials

Forex GDP runs a page on Trustpilot. We can note 90 testimonials and a 4.6 rate based on them.

Forex GDP - testimonials

Forex GDP - testimonials

 

Some of the clients couldn’t be profitable with this service.

Pricing

Forex GDP Pricing

There are three offers available. The Free Service plan is for free. It includes from 2 to 4 signals (90-150 pips monthly). The Premium plan costs twelve months - $36 monthly, six months - $56 monthly, three months - $66 monthly, one month - $74. We can rely on getting 8-14 signals monthly. We can get from 300 to 700 pips monthly.

The Supreme plan costs for a year - $54 monthly, six months - $79 monthly, three months - $99 monthly, for one month - $147 monthly. The package includes from 16 to 25 signals a month. Only this pack is featured by all types of mentioned signals. The pips’ expectations are 700-1500 monthly.

Forex GDP. There are many paid services available.

There are many paid services available. It’s great. We can even pay via Bitcoin.

Review Summary

Pros

Cons

  • Strategy explanations provided
  • No team revealed
  • Charting provided
  • No backtest reports provided
  • Some free signals can be found in the free Telegram channel
  • No trading results provided
  • Affordable pricing
  • No money-back-guarantee provided

Conclusion

Forex GDP provides little signals monthly. The presentation isn’t featured by any 3-rd party verified proof of their success. The pricing would be good only if there were ten times or even more signals monthly. The developers provide a no refund policy to cover a purchase.

Rating: 5/10


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