Just like many other traders, I have spent countless hours searching 'Forex trading' on YouTube and watching the many videos posted by the numerous Forex trading YouTube channels. At first, each trading channel seems to share a generous amount of free content that seems vital for successful trading. With time, you learn that most of these channels and trading educators are not really traders and have no proof of their trading experience. This makes you soon become sceptical of every Forex educator. Suddenly it feels like everyone is out to make a quick buck.
My reviews are here to help. In my opinion, my reviews are non-biased and highlight the good and the bad of each trading educator and what they have to offer. More importantly, they highlight areas of concern.
I am not here to brand anyone a scam. I just want to highlight the concerns of some educators and help you make a better educated guess when choosing who to learn from. Perhaps some of these educators will read these reviews and make appropriate changes to resolve concerns and areas of doubt.
Astro FX have a large YouTube and social media following. The founders of the company are Aman and Shaun, both self-proclaimed Forex traders. Their website is crisp and their content is very professional.
Aman and Shaun get a lot of negative feedback on how the company markets itself - sports cars, bling, etc. Although this is not the marketing image I would choose, marketing should have no reflection on the service an educators provides and how genuine they are.
Applaud #1 - Reviews
They have a lot of positive reviews and claim to be one of the most booked Forex educators. I have to say, there is a lot of positive feedback about their courses and the boy's themselves.
They travel the world providing courses. They are definitely in demand.
Applaud #2 - Course Content
A lot of their students are very happy with the courses they take. This is evident on other trading forums and review sites. Obviously, there will always be negative reviews and unhappy customers. The majority seem very pleased with the service they receive from Astro FX.
Bad Reviews: https://astrofx.pissedconsumer.com/review.html
Concern #1 - Results
The number 1 concern for most trading educators is trading results/past performance. Myfxbook and Forex Factory make it easier for a trader to link his or her trading account and have their results publicly verified in a matter of minutes. Just like most trading educators, Astro FX does not provide any track record of their ability to trade. This should always be a concern. Either they don't trade, they are not successful in trading or they are not as successful as they claim to be. Astro FX, where are your results?
Apparently, the boy's did have a verified account with myfxbook but it blew. They then claimed that this account was just to show what was possible when trading Forex? Not sure about that.
Their current verified account shows a crazy performance for 3 months in 2018 and then nothing...
Their myfxbook profile can be viewed here: https://www.myfxbook.com/members/ASTROFX
Concern #2 - Profitable traders
So Shaun and Aman use to refer to themselves as Forex traders but now refer to themselves as trading analysts. This might be a bit picky but why learn from an analyst if you want to become a trader? Also, why the title change?
Their trading analyst titles can be seen on this page: https://www.astrofxc.com/aboutus.php
If you are looking to learn the basics of Forex and technical analysis, then Astro FX are a possible consideration. If you are looking to actually become a profitable Forex trader, I suggest you look elsewhere. Though, their analysis and trades they share do receive a lot of positive feedback.
Please keep in mind that these are my thoughts and research only. Please leave your experience below. The more people share, the more useful this thread will be to others.
More links and info
YouTube channel: https://www.youtube.com/user/ReclaimReality/videos