Beware!

[garyfritz]

Scammers absolutely do this, and you must be very suspicious of ANY amazing claims from any FX vendor. Most of them are lies and frauds.

However... I must point out a fatal logic error in their "proof." They assume the system gets 95.6% wins, AND that you only do the "place orders in both directions" trick ON THE 4.4% OF THE TRADES THAT LOSE.

If you knew which trades were going to lose, you wouldn't "place orders in both directions" -- you just wouldn't TAKE the losing trade!

Since they can't know which trades are going to lose, they can't do the "both directions" trick on 8 selected trades out of 200 -- they'd have to do it on ALL 200 trades. That would take 2^200 accounts (a VERY large number!), not just 2^8. It's not possible.

I think a better indicator of LTP's performance is to look on ForexPeaceArmy.com. I find the reviews there to be pretty honest and reliable.

* Check the real-account test at http://www.forexpeacearmy.com/test_lab/ ... r_pro/real

* Read the reviews at http://www.forexpeacearmy.com/public/re ... derpro.com

Do some research like that on any wundersystem you're considering. If it's not reviewed on FPA yet, don't touch it. If it gets reviews like the ones above, don't touch it. That will eliminate about 98% of all FX vendors. Anything that gets through that screen is worth (carefully) investigating. Even then you have to be careful -- Leo Trader Pro got incredible results until February 2011, and great results until December 2011. Only in the last 4 months has it really crashed and burned. But even before that there were plenty of negative reviews.

Do some careful research before you buy one of these "guaranteed money makers." If you decide to make the plunge, be sure the vendor sells through ClickBank or similar processor so you can be certain you can get your money back if it's a scam. And DON'T risk any real money on it until you're VERY confident it will work. (Look again at that long successful track record before December 2011 before you decide how confident you are...)

[SteveHopwood]

Sadly, by the time traders have found their way here, they have already blown their account using the advertised wundersystem's.

Hehe. I am here for the same reason, albeit a long time ago. I am about to break even on the whole sorry experience, but it has taken a long time - and we are talking several thousand dollars here.

So, for all of those of you who have found your way here for the same reason that quite a lot of the rest of us did, your recovery starts here. Stick with the savy brains contributing and you will make up your losses eventually.