Forex Factory

Is it true that most strategies posted on Forex Factory are scams?


  • HI @Sean

    I would say Forex Factory’s strategies are not scams. 

    To get you to a broader perspective rather than calling it a scam, I would like to say that having a strategy cannot guarantee a success. It is about how you apply it depending on your trading personality. However the strategies will help you develop the way you look at trading and productively use it according to your own objectives and plans. Talking about Forex Factory, it has a huge number of traders daily and they have a certain understanding of what Forex is and how it works. So there remains a very little opportunity that people can play. 

    Having said that it would be better if you just practice that strategies told in Forex Factory using a demo account and set your own. Because then you can have an idea as to how far that Forex strategies work or not.

    Thank you.

  • Thanks for sharing this info with us.

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