Author/Editor
Andy Krieger
Publisher
Andy Krieger Trading
Description
Trading strategies for forex, offering specific trades and training seminars.
Overall Rating
Rating: 1.0/5. From 2 votes.
Please wait...
1.0
Rating from 8 votes
If you’ve subscribed to Andy Krieger’s Big Trades, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 2 votes
Rating: 1.0/5. From 2 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 0 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Quality Of Writing/Analysis
Rating from 2 votes
Rating: 1.0/5. From 2 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 0 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Value For Price
Rating from 2 votes
Rating: 1.0/5. From 2 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 0 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Customer Service
Rating from 2 votes
Rating: 1.0/5. From 2 votes.
Please wait...
Your vote
- 5 Stars 0 Votes
- 4 Stars 0 Votes
- 3 Stars 0 Votes
- 2 Stars 0 Votes
- 1 Stars 2 Votes
Incompetent market trade recommendations
I purchased one-year subscription to “Andy Krieger’s Big Trades”, on Feb. 25, 2020 for $2995.00 including tax.
This service was promoted as a chance to be trading FOREX under the guidance of legendary trader, Andy Krieger. A series of claims were made: that the “model portfolio” would grow by a factor of 5x or more in the span of a year and that a record of closed trades would be posted to the site. That the service would have an approximately 60% rate of winning trades. That one to four times a year “Andy will send out BIG TRADE alerts. These trade recommendations have the potential to multiply your money 30X over time by using leverage.”
None of these claims have proven to be true as of December 9, 2020.
The advisory is very much in the loss column on its completed trades; just how much is difficult to calculate as the service’s stated transparency of all closed trades via its “model portfolio” has never been posted, despite comments on the Forum calling for this. I calculate that 8 or more out of every 10 trades have been losers. And despite a claim from the advisory that there would be a 3:1 ratio of size of wins relative to losses, the average size of each loss far outweighs the size of each win.
As an example of the performance of this advisory one can look at the results posted for August 28, 2020 in the service’s own words where EIGHT positions closed out for 100% losses against margin when they hit the stop-loss points:
“Today we’re going to be closing our positions in NZD/USD, AUD/JPY, USD/JPY, USD/CAD, AUD/USD, GBP/USD, NZD/USD, EUR/GBP for a %100 loss against the margin at risk on all positions.”
“We have a special message from Andy and Imre: We want to address the recent trades and the continuing struggles to generate profits for you. We are working around the clock, from Sunday afternoon until Friday evening, and we feel terrible that we have misread the market action over the past several months.”
I stopped trading this service as I was consistently losing money. Looking at the current crop of “Big Trades” I see the win-loss pattern is continuing through the end of November 2020 with what has become the norm for this service – a series of losing trades being terminated by hitting their stop-loss points.
Looking at the current portfolio of 11 open trades, 9 are in negative territory as of December 1, 2020.
Needless to say, no “big trades” have materialized, unless one wants to count all the big LOSING trades.
As one subscriber commented on the Facebook Forum, it might be better to trade in the opposite direction of what is recommended. Incredible!
As a promoted part of this service a professional forum on Facebook was set up where traders could interact with each other and pose questions to Andy Krieger. However, the questions to Krieger were never responded to. It seemed very clear from the unhappy comments that none of the subscribers was profiting from this service.
Management shut down the Forum on November 16, 2020. I felt this was the service’s attempt to silence the trader’s voices over just issues.
Although one cannot post there any longer, the archived comments on the Andy Krieger’s Big Trades Facebook Forum can still be read to get a good sense of the unanswered questions, frustrations and grievances of the subscribers, at least while it is still up. These comments speak volumes of why this is a terrible service.
https://www.facebook.com/groups/2695837313784699/
As one subscriber posed in the Forum: “Closing shop and hiding away when things go wrong is exactly what crooks and frauds do. This is RIDICULOUS!!!”
Do not fall for the hype – this “service” has a horrid track record.