Review of Tom Strignano´s FX Signals

Posted on 02. Mar, 2010 by Moderator in Forex Signals, Random Noise, Review

Some time ago I contacted Tom to hear if he would be willing to give me a free trial to his service in return of an objective review here at TradeProfits. He was kind enough to give me 14 days access to his service, and here is my take on it.

I have written about Tom Strignano before, namely his ebook Forex Confidante (Read the review here). I really liked it, so I guess it is needless to say that I looked forward to test his service. I had looked at his website and obviously I was a little skeptical, due to his claims of making between 2000 and 3000 pips a month. My first impression was that he must be using very large stop losses, but it turned out I was wrong.

Let´s start out with the prices; there are 4 different plans to choose from, with the cheapest one starting at $297 (Silver), and then $397 (Gold), $497 (Platinum) and finally $997 (Elite). The main difference between the plans is the number of pairs you will receive signals for.

Silver: Signals for three currency pairs (EUR/USD, USD/JPY, USD/CAD) which will be sent via SMS and email, and you will have access to the member’s area, and Tom´s new expert advisor AI Robot which assimilates the trades Tom would take.

Gold: Signals for five currency pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD) which will be sent via SMS and email, and you will have access to the member’s area, and Tom´s new expert advisor AI Robot which assimilates the trades Tom would take.

Platinum: Signals for eleven currency pairs (CHF/JPY, GBP/USD, USD/CHF, USD/JPY, NZD/USD, AUD/USD, GBP/JPY, EUR/JPY, EUR/GBP, USD/CAD, EUR/USD) which will be sent via SMS and email, and you will have access to the member’s area, and Tom´s new expert advisor AI Robot which assimilates the trades Tom would take. Additionally you will get Head Fake indicator which is one of Tom Strignano´s personal indicators.

Elite: The same as Platinum plus personalized 1 on 1 coaching.

I had access to the Platinum plan. First of all, when you get into the members area, there is a lot of information; videos and pdf files which you need to go through before you start trading his signals. It is really easy to get started, and setting everything up with your cellphone and email will take you a couple of minutes. In the members area you will also find MetaTrader files which you need to install; this will automatically put Tom´s pivot points and trend reactionary levels on your charts. You need these levels before you can trade based on Tom´s signals, as you need to confirm the signals he send. Here is a typical example of a trade he would send:

**** Signal Update ***

Tom bought the AUDUSD at 0.8972 on the 1 hour chart. His stop loss is at 0.8936 with price target projections as follows:

Target 1: 0.9000

Target 2: 0.9008

Target 3: 0.9022

Target 4: 0.9034

Target 5: 0.9060

Target 6: 0.9076

Market Exhaustion: 0.9011

Disclaimer: These are only updates on Tom Strignanos current trades and should not be considered as financial advice or trade recommendations. Tom Strignano nor Strignano Forex, Inc. can be held liable for losses incurred by following the above updates.

The trades come in time for you to enter the trade, both through email and sms. After you get the signal, they recommend that confirm the trade, but looking at the different indicators which you have been supplied with, and then you need to follow certain rules before you enter the trade. These rules are explained in one of the reports from the member’s area, and they are covered in the daily recaps as well. As you can see from the trade example above, the stop loss is rather low, and it is alway in the same range (some 30 to 40 pips). The same goes for take profit levels which always comes with six targets.

Every week there is also a webinar with Tom where he covers his strategies and answer questions about the service. They also have a chat room on Skype, where you can ask questions. Additionally, Tom Strignano has several different strategies, all of which are shared in the member’s area. Now in that sense, you do get a lot of value for your money. One thing I am not too fond of, is that the service is mostly a signal service, so you will not learn a lot about forex trading, from being a member. Normally that’s a real problem with similar services, where the sole focus is signals; however that is not really the case here, because you get some additional strategies (which works brilliant) and a lot of signals and they are profitable. Of course you do (as always) need a decent account balance before you really can take advantage of this, but if you do, there is money to be made. The thing that annoyed me the most at times, was too many signals. Tom seems to be trading 24 hours a day. I was not able to keep track of all the trades, but I know that Tom is an honest guy and a good trader. More than 2000 pips a month is not an easy task, and yet Tom has done it over and over again. Check out Tom Strignano´s FX Signals here.

Related posts:

1. Tom Strignano is Back – The Forex Signals
2. Tom Strignano´s FX Signals Comes to an End
3. Tom Strignano´s FxSignals Update
4. Forex Income Maximizer – Tom Strignano
5. Preview of Tom Strignano’s FX Signal

Tags: Forex Confidante, Tom Strignano, Tom Strignano´s Fx Signals