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User reviews
SCAM
Tuesday, 20 October 2009
Written by katy from USA
my family bought the product around Jan 2009. i study the software. I have few question about the class in Las Vegas. I contact the customer service many times and no one response. Until i made a complain and then they start to contact me because they afraid i am going to claim refund.
SCAM SCAM SCAM SCAM SCAM.......DON'T WASTE YOUR TIME AND $$$ WITH AUSSIE ROB
Thursday, 20 August 2009
Written by Ray from Australia
I purchased this software and paper traded for 5 months. Trading 10 FOREX pairs for the first month I made a 36k gain while the following month was a 26k loss :-( The loss was scary but still I'm still happy to be up 10k :-) This also highlights peaks and troughs in the market, volatilty is part of the game. After 5 months of paper trading, trying to understand the markets as a whole and getting a few wrong here and there I'm up 90k from entry. This averages out to be a 4.5k gain every week and 277% return on initial investment.
The financial market is a large beast which deserves a lot of respect, it evolves constantly and there is always something new to learn.
I think the system works fine but a lot of practice is required to get used to the software and financial markets.
I'm a regular to the lifestyle trading club and met people who have traded sucessfully for years. The local Sydney manager has been very helpful and forthcoming with information.
Overall I'm happy.
I agree that customer service could be better. But I've only had contact them once regarding a username and password on my very first day. The software has performed seamlessly and have had no problems at all.
* Exit Signals: Please consider adjusting your stoploss to lock in profits and reduce any losses.
* End of day signals: Yes signals are end of day in the system, which are live at US close. Signals also seem to follow Warren Buffets quote, 'The trend is your friend until it ends'. At the end of a trend, prices normally head in the opposite direction. (keep adjusting your stoploss and you should come out on top)
* Customer Service: As above, I thought it was ok. Altough if you want your money back after the 90 day period, then you will run into company policy refund issues.
* Money back: Atsevni, if you traded for 180 days and the money back guarentee was 90 days, then you more than passed the deadline date for a refund. If you got any money refunded at all, then you need to consider that to be a nice gesture on behalf of lifestyle trader.
Friday, 14 August 2009
Written by Lesley from Australia
The product is working fine for me. I'm making real money in a live account by following Lifestyle Trader rules.
Given that Australia has very strict rules for Financial Services companies and especially around what they claim for performance, I have no doubt that some people make systems "not work" because they cannot follow guidelines and probably over-trade. Mindset and psycology are key to trading.
Lesley
SCAM
Thursday, 21 May 2009
Written by atsevni from Australia
The product doesn't work.
I purchased the product, followed the rules and paper traded for 180 days (90 days more than the 90 day paper trading requirement). I have tested the system thoroughly and came to the conclusion that the product does work.
General Observations: * The exit signal appears way too late - by the time you exit your trade you not only have lost all the profit but also lost a lot of money. * The signals are based on the end-of-day data, however, FX market is 24 by 5. Between the time you get the signal to enter/exit and when you enter/exit the trades, the market has already moved, i.e. the price for entering the market has moved or the price for exiting the market has moved. * Customer service provided by the company is very poor, especially when you question them about the performance of the product. * Money back guarantee - although the product comes with a 90 day money back guarantee, as soon as you start mentioning about getting your money back, the company starts getting nasty. I had to go through the legal channel to get my money back.
Feedback from other sources: http://flyingpig.blog.com
