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User reviews
Monday, 28 September 2009
Written by Cameron from Australia
I think this service has provided good recommendations with good chances of worthwhile upside with the cap on risk that options trading provides. If you don't understand the concept of options you should not use this service, or else learn about options first. I like the weekly update on the anticipated directions of the major currencies and the position of existing trade recommendations.
Wednesday, 06 May 2009
Written by Linden from Australia
Nearly went for the scam rating but if you have traded currency before you may do better than me. As a total newbie I went for this service as it offered a nice simple type of trading on the PHX with only a handful of currencies traded against the $US & settled in $US. Cost $295 US per quarter.
I found it hard to fully understand how this worked but after reading the material through a few times I did what Brian Mike's said & jumped into a trade (after which it would all come clear). I used options express & placing the trade wasn't too hard & I purchased the option for less than the buy up to price. So far so good.
I watched the $AU rise against the $US & suddenly realised I didn't actually know where the profit on the trade was coming from. Was it the difference in the currency price - or an increase in the value of the option? I re read the material & still no clarification so I emailed the helpdesk only to be told they couldn't give me independent investment advice.
I emailed again saying I only needed clarification of their trading instructions, could they please point me to the page in the pdf's which would explain this to me?Or send me an updated page to add to the manual? Or put an answer on the Q & A section of the website? Nope could not/would. not. Their advice - contact a broker & ask them. What? After I just paid for my second quarter subscription?
End result cancelled service & not impressed with Hyperion Financial Group.
