Master FX Options Trader

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Tampat
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Tampat
February 7, 2009 10:11 am

Master FX Options Trader, Agora

This service rec’s options on currencies, the price is $995 per year.
They offer a 60 day trial period.
I have subscribed for 1 month and just cancelled the service.
Every pick has been a loser.
I also checked the portfolio on the member website, nearly all the picks have been a loser.
Customer service is just ok, takes numerous requests to get a refund but they do finally give it to you.

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wrpark
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wrpark
June 30, 2009 2:50 pm

i have been a subscriber for about 3 months. so far i have done rather well – started with a $2k fund which is now at $6k, due mainly to 2 trades that did very well. 3 others are currently at small losses.

will try to remember to update this review after 6 months and then a year.

Allan K
Guest
Allan K
August 7, 2009 8:00 am

I just canceled after less than one month my subscription to Master FX Trader Options. I was told I will receive my refund in 3 days. Agora is good in honoring refunds. The first 2 recommendations cost me over $500 in losses. I have tried numerous services and have not found one that comes close to the hype that is promoted in their sales letters other than a few newsletters that cost from $39 to $59 per year. Don’t waste your money on anything costing over $79 per year. Two I still subscribe to are Outstanding Investments and True Wealth.

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MSG
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MSG
December 7, 2009 1:30 pm

This isn’t that bad a service, unlike other’s like Alan Knuckman’s Resource Trader Alert, or the worst of all, Steve Sarnoff’s Options Hotline. But the overall results end up being pretty poor. I traded the recommendations for about 3 months, and overall lost money. I entered some recommendations at better prices than his recommendations – but generally the only recs that make money are ones that move into profit immediately. Some of those get away too quickly to achieve an entry. Ones that don’t move into profit will generally lose money. He often uses 50% stop losses, but can hold positions into 75% or greater losses. Even with 50% stop loss, getting out of a losing option position will likely cost you much more, due to the terrible bid-ask spreads. I now believe that the only people who make money on options are those who write them and collect the premiums, and those who write advisory services for suckers
who subscribe and buy options to lose money at them.

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