Forex Trendy Review
What is it?
Forex Trendy is a members’ only online system which analyses all 34 currency pairs and time frames on the Foreign Exchange market, the most liquid financial market in the world, to identify the optimal trades based on market trends. Without making explicit promises of huge profit, Forex Trendy presents itself as a functional application which uses advanced algorithms to identify current trends and patterns in real-time. The main draw of Forex Trendy is that it works autonomously, eliminating the need for traders to compare and contrast currency charts for patterns themselves. Mostly used to supplement existing binary option trading software and regular Forex accounts, the service is probably not suitable for absolute beginners with little trading experience.
Is it a scam? Should you be sceptical?
Forex Trendy is refreshing in that it doesn’t make lofty claims in its promotional material. Other similar systems on the market make staggering financial promises to potential buyers, which often rouse suspicion that the product may be a scam.
However, Forex Trendy is upfront about its possible benefits and after providing customers with the market information, leaves them to take advantage of it using their own trading platform. This way, there is little room for disappointment when using the system, as users of different skill levels and occupations will inevitably produce varying results.
In terms of profitability, reviewers on bloggers and financial product forums have reported a huge array of fiscal returns as Forex Trendy is used to supplement regular Forex trading accounts and binary options software. Users must be aware that both of these methods require initial deposits of personal money to the broker, therefore they should be conscious of the fact that the subscription fee to Forex Trendy alone will not guarantee them instant profits. On the whole however, the seemingly genuine reviews are positive about the practicality and usability of Forex Trendy in aiding existing trading accounts financially.
Many experienced binary options and currency traders have expressed that they like the system because it does not involve hard to digest training programmes or complex software which takes time to download. As the system is just a source of data which can be used at the currency traders’ discretion, more emphasis is on the individual themselves to make the most of the service in order to profit from it. In this respect, Forex Trendy is probably more suited to those who are familiar with the currency exchange already, as some beginners have voiced concerns that although the eBook manual useful, it does not adequately cover the basics.
On the whole, Forex Trendy appears to be a reliable way to analyse the FX market for intermediate to advanced traders who do not have the time to compare the data themselves.
Where to Buy and Download
You must purchase your Forex Trendy subscription from the official website in order to benefit from the 60 day money back guarantee.
How does it work?
The Forex Trendy online application continuously scans all worldwide currencies across the Foreign Exchange market to identify the most profitable trends and patterns for its users. Upon purchasing a subscription, users are taken to the Members’ Only section of the site which contains live currency charts and time frames which highlight the best trading pairs available. From there, any preferred software platform (i.e. MetaTrader, NinjaTrader, TradeStation) can be used to make the trade based on the relative currencies displayed from the Forex Trendy charts.
Forex statistics show that 90% of traders only trade the major currency pairs (e.g. the Euro, American Dollar etc.) as it is not humanly possible to analyse all 34 currency pairs simultaneously. As Forex Trendy keeps updated on the constantly shifting market across all time frames, it is promoted as the easy way to make the most of Forex trading, without spending hours doing all the hard work.
A detailed ‘How to use’ video is available on the official website so that potential customers can familiarise themselves with the methodology before purchasing. After subscribing, users are provided with an easy-to-follow 30 page eBook guide, customisable email notifications and access to the simple user interface. A bonus automated chart analysis feature which recognises Triangles, Flags, Wedges and Trend Lines on all currency pairs is also included.
More about Forex…
The Foreign Exchange market or ‘Forex’ is the global decentralised currency market which determines worldwide relative currency rates. Dominated by the world’s largest banks, Forex currency trading averaged $5.3 trillion per day in April 2013 (Wikipedia), clearly demonstrating there is huge money to be made by choosing Forex pairs intelligently. Despite this, Forex is widely known to be hugely unpredictable and chaotic, making it difficult to trade when the markets hit an uncertain period. Forex Trendy is marketed as a reliable way to analyse the markets, even when in a state of flux, as the company’s software identifies confident trades only which are then updated in real-time on the Members’ page.