Concept FX

[DavidK]

Has anyone got experience of this FX trading tool? I am being approached by them repeatedly - not uncommon for a trader I am sure - and want to know if anyone has actual experience?

Thanks

David

[Reviewteam]

Hi David,

We have added +1 to the request count for Concept FX for you.

Our position on this to date is, we have made contact and requested a trial. At present the ?5,000 + VAT outlay and subsequent ?10 a week for data and ongoing support is outside of our meagre budget.

Concept FX like our new site and informed us that they will keep an eye on our "numbers" (number of members). When we have grown somewhat we hope that we will be able to get some kind of trial and then be able to provide some form of evaluation for everyone.

In the meantime, we too, are keen that anyone with any exposure to this system share their views with all of us.

ps. We un-subscribed from their constant emails too as it does get a bit much.


ReviewTeam - www.systemsfortraders.com

[Robin Watt]

I am a subscriber to this system, what do you want to know?

They are reasonable people; but like all systems not suited to every period of the market.... I am prepared to believe that their result history is correct; sadly, for myself I got on board just as their brilliant patch was coming to an end about 15 months ago. But one has to be patient, I have a feeling that their lean run may be coming to an end. It is a system for people who only have ten minutes a day to trade. Download in the evening and put on the order with your spread betting firm. They are in profit this year but not so big as previous years.

I'm sure they clock into this site every day so they will read all this.

Hi guys... I speak as I see....

[Reviewteam]

Thanks for that input it's appreciated. In the future we hope to be able to gain exposure to this system and provide a subsequent review.

ReviewTeam - www.systemsfortraders.com

[DavidK]

Thanks for these responses - much appreciated!

By the way I have been negotiating the price down from the ?5K to 20% of that.

Regards

David

[Reviewteam]

Interesting and well done.

If you do go ahead, one best of luck and two, please do keep us updated on progress.

ReviewTeam - www.systemsfortraders.com

[gandalf]

I have also been approached by Concept FX many times.

They have offered me the system for ?1995, but still too expensive as there is no proof it will work, apart from their own figures. Also there is no free trial or money back if not satisfied, so they cant be too confident in the product.

I will pass on this for now.

Alan

[Reviewteam]

Seems to us, based on DavidK's latest post that this is still double the price it can be got for.

Would be really great to hear from more people that have actually given this system a go, we are quite surprised there is only 1 to date on this site.

ReviewTeam - www.systemsfortraders.com

[Fxforme?]

I am a subscriber to this system, what do you want to know?

They are reasonable people; but like all systems not suited to every period of the market.... I am prepared to believe that their result history is correct; sadly, for myself I got on board just as their brilliant patch was coming to an end about 15 months ago. But one has to be patient, I have a feeling that their lean run may be coming to an end. It is a system for people who only have ten minutes a day to trade. Download in the evening and put on the order with your spread betting firm. They are in profit this year but not so big as previous years.

I'm sure they clock into this site every day so they will read all this.

Hi guys... I speak as I see....

Hi Robin,

So what does having a slightly worse year mean in terms of P/L? What was your initial outlay other then the ?5K software costs, I am interested in getting involved but if this is a "scam" as stated on other sites I would love to know about it before laying out. I have been offered the ?995 package and ?250 a quarter and it seems fair enough to me but can you give me a little more true user info so I can make a well informed choice.

Thanks alot,

Jamie

[Robin Watt]

You are getting a much better deal than I had on the initial purchase at their quote to you of just under a grand but not so good on the ?250 per quarter as I have it for a year.. but that is not what you asked me!

In answer to your question, have you looked at their site? Contrary to what other sites/traders have commented, they do put up genuine results, so you would see when you click on to their site that 2009 is not as good as previous years.

I have not been able to follow them slavishly as I am not at my screen every time they put out a signal after 8.30pm for the next day. There have not been so many signals this year as previous years, which is why I commented in the previous email that the market has not been suiting the system so much as before. Traders and their systems do not perform to the same Profit or Loss margin every year.. this is a topsy-turvy business.

Have a look at the Results page on their site.... I promise they are are NOT paying me to say this!! Most traders are so sceptical and downright dismissive (correct to be 90% of the time!!!) but at least Concept FX has a system and so far as I am concerned that, together with sound Money Management, will give you an edge which is all any of us risk-takers can hope.... We ain't 'traders' like those guys and dolls in Chicago, we are just coat-tail hangers on....

Keep writing if you need any more help... there are zillions of systems out there... most useless, but some good ones too.

And we just gotta keep on looking, friend.

Regards,


Rob