About a year and a half ago I attended a free preview, and then a traning as a guest for the 4xmadeeasy system. I didn't have the required $3000 at the time so I waited and cashed in some retirement investment (as urged by one of the sales reps at the workshop) and purchased the system.
I also purchased the "feed" for $100 per month to have access to the data. I was told repeatedly that this was necessary, and there was no other way to get the information.
Well a year and a half later, and after doing EXACTLY what they teach, follwing it to the letter! I've lost almost everything that I had invested into my FOREX account.
They teach that "all you have to do is wait for the green arrows to all point the same direction". That is a crock! This business is infinatly more difficult that they represented. I have since learned that their "Coaches" have rarely made money in the forex market. I have talked to a couple of ex-employees who both indicated that inside the company they "laugh at all the gullible idiots" who fall for their scam.
I was promised a system that would make this easier, I found a system that did nothing more than give me false indicators. I have been able to identify about 6 people who have made money on the system from the user groups and other postings.
Most disturbing to me is this; for a long time 4xmadeeasy was affiliated (and pushed hard) the FXCM broker. FXCM is widely known for spiking profits from their investors, meaning that they literally steal their clients money by producing false data. I have heard that they make as much as $80 PER TRADE! They make more money when you lose, because they can hedge your investment agains the real numbers. This is a scam. It is one of the most IMMORAL things I have ever heard of.
I have recently had some success in this market, but not by using their system. I have cancelled my feed, and will NEVER give them another dime. I work with a broker who gives me the EXACT SAME DATA but for free! Even more actually. I will not say who this is, or provide anyone the information. I have no other motive than to warn you against 4xmadeeasy.
This $100/month feed is a scam. Please do not fall for this. This software is largely useless, and available for free elsewhere if you search. Please stay away. At one time, I had subscribed to an alert service where they would email you and tell you exactly what trade they were putting on their money, so you could enter the same; it cost about $100 month too AND IT LOST 14 OUT OF 15 TIMES. Nice! Even the pro's at 4xmadeeasy don't have a clue what their doing.
I have never complained about anything before but I really can't let this go. Too many people are getting hurt. Stay away from this scam! If you already bought, get your money back NOW!
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