PETER KING CONSULTING

Financial Reviews

Trading Products and Systems Stock, Options, FX, Futures

Over the years I have invested in a number of investment products and this is my review of some of them good, bad, indifferent or scams.

The prices of these products range from free to many thousands of dollars. some are monthly fees and some are one time fees.

The reviews are based on real money tests and not paper trading though I always recommend people paper trade anything first, it does not mean the system will work with real money.

These are my reviews are my opinions and other peoples experiences may differ from mine

Market Traders Institute Ultimate Charting software, Scanner software and training called Decoder I paid for a 30 day trail (about $1000.00) on the Ultimate Charting software and the Scanner software, they both have their own signal feeds you have to pay for monthly.

My focus is going to be the Scanner software. The software is supposed to give you the direction to trade the entry price, stop lose and take profit prices. I tested the Scanner software using real cash, since some programs work differently with real cash and paper trading.

I traded the daily time frame as you see in this screen shot the price and the stop. I do not believe this is a scam, but a forex beginner could lose a lot of money in my opinion.

I entered the trade and was stopped out and then the price reversed, so the software should have stopped out and been out of the trade but is showed it was still in the trade and making money. Below is a Market Traders Institute Ultimate Charting software chart showing the price did go through the stop, but did not stop out.

So I started to look at other examples of this software failure. And I found this one where the price was through the stop price and still in the trade and losing big time If you check the number of days scanner software was in the trade (51 days) as you will see for the screen shot. Once again, I do not believe this is a scam, but a forex beginner could lose a lot of money in my opinion.

Later on in the day the position reversed and showed it was in a profit position???? If you check the scanner software number of days (33 days) it was in the trade it does not line up.

I contacted Market Traders Institute support and they have not be an able to help me with the problem. So I will not be carrying on with the monthly signal feed fee. And In my opinion I would advise a forex beginner could lose a lot of money in my opinion and to bypass this very expensive 30 day trial and avoid this Charting software, Scanner software and training called Decoder that does not work right in my opinion.

Here is the link to the www.markettraders.com site

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