Megalodon Trading Review

Megalodon Trading is a vendor of Forex signals/ indicator for profitable trades in the Forex market. The signals service is meant to work on Forex, Crypto and stocks. The signals timeframe and strategy is well not disclosed and the price ranges from $99 on pro package to $2500 to purchase full license of the Pro plus package. Testimonials are well documented but they look fictitious. Currently, the Megalodon Trading have upto 12 indicators to offer.

What is Megalodon Trading (megalodontrading.com)? Either is MegalodonTrading scam or legit?

Any expert in forex trading can clearly see that Megalodon Trading is a scam. However, if you want to find out why is Megalodon Trading a scam and what is Megalodon Trading in real, then you can find that within our Megalodon Trading review here, for that you don’t have to search any other Megalodon Trading reviews.

Megalodon Trading Review

Megalodon Trading Review

  • Megalodon Trading is a program that claim to send profitable trading signals and indicators your way. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
  • Forex robots/indicators/signals like FX Vortex are getting a lot of hype of late and Forex robot scams are not far behind.
  • We confirm that Megalodon Trading is a scam, since Megalodon Trading promises winning trades only, it is a sure scam, there just is no other possibility.
  • The companies producing Forex robots/indicators/signals like Megalodon Trading often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.

About Megalodon Trading

We understand that the Megalodon Trading program is owned and operated by Bo Sukas. Bo is quite famous on youtube where he does video reviews of his products. For contact, clients can reach him via Livechat feature or contact through email [email protected]

Megalodon Trading Strategy

During our reviews of the Megalodon Trading service, we saw that they did not provide indepth details on the methodology of their listed indicators. We saw that each indicator has its own trading methodoloy and is what Bo use in his signals service.

Megalodon Trading Result

Despite all the claims from successful traders, Megalodon Trading fails to publish a verified trading result for us to see live. What they did was to publish a chart and called a monthly portfolio balance. As far as we concerned, any webmaster can comfortable fabricate that into any website.

Megalodon Trading Result

The problem is that Forex robots/indicators are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.

Conclusion

Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.

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Pros

  • Several indicators
  • Youtube channel
  • Forex, crypto and stock

Cons

  • No verified result
  • No actual strategy

 

 

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Risk warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.