Currency Secrets

Recently a comment was made on Currency Secrets by Excalibur Forex offering readers here a free trial of their signal services up until the end of March (see comment here).

There are a couple of things that I like about Excalibur, but there are also a couple of things that I have concerns about.

I’ll quickly go through my concerns: first, their web site is relatively new (something which they made known in their comment – so new in fact that it’s only been in operation for a couple of weeks!), however, while the age of a signal service web site does draw some concern to me it’s the performance chart they have on their web site that concerns me the most. Automatically this throws up a question: are these performance results ACTUAL or HYPOTHETICAL? If the web site had been in existence since the start of their performance figures I may have been led to believe that the performance figures were ACTUAL, but as this isn’t the case it has led me to believe otherwise.

My other concern is the free trial offered. Excalibur make note on their web site that they do not offer a free trial, so I thank them for politely offering one in here, however, I think it would be far more beneficial if Excalibur offered a free trial period over an ENTIRE month rather than just PART of a month. This can help verify our performance against THEIR performance statistics for that month.

Apart from that the things I liked about Excalibur’s approach were:

Firstly, they only place trades once per day (midnight GMT) on the top currency USD pairs including EUR/JPY & GBP/JPY (and each trade includes a stop loss).

Secondly, if they don’t make 200 pips in a month you get the next month free! Something that I haven’t seen too often with signal providers.

So with my concerns I emailed Excalibur and received a reply from Malcolm who mentioned that he had traded forex for the past 6 years and that indeed his performance results are hypothetical and that he would allow a free monthly subscription. I guess we’ll see how it goes.

If any of you have taken up Malcolm’s offer for a free subscription up until the end of March in the mean time I encourage you to add your comments below on how you have found (or are finding) his service.

Tags: Excalibur, Excalibur Forex, Forex Signal

This entry was posted on Tuesday, March 13th, 2007 at 7:03 pm and is filed under Excalibur, Excalibur Forex, Forex Signal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.