Verified purchaser
Great signals, easy to implement with their recommendations
Update as of December 7, 2024:
I have to set things straight. I kept using the signals after my review and there was one day I lost 10% of my allotted capital for this.
There were several losing signals on the same day. I know this is risky, so I was expecting that something like this could happen.
I tried to recoup some losses and was able to do it. In the end, I was happy with the learning experience and decided to invest less in these signals.
Why?
The app shows their winning and losing signals, revealing their overall record. They use a take profit strategy with 5 levels which is very useful to handle risk and reduce losses.
I dislike that they report signals reaching Take Profit 5 when, in reality, many only achieve Take Profit 1 or 2. This happens because of the up and downs of the price, and sometimes they go to the stop loss take profit level, and the position gets closed.
Many times it recovers and goes higher up, but your position is already closed. This means that the winning signal is misleading at least on how they report it within the app.
On the contrary, with the losing signals they go down to -5% lost. To recover a lost signal, you need about three or more winning signals that reach Take Profit Level 2.
They should be more transparent and inform new users that this can happen. It took me some weeks to figure it out.
I recommend considering crypto trading as an opportunity, but be aware of the risks and plan accordingly.
My comments from November, 2024:
I decided to test the signals and give it a good try.
I already had a Binance account so I just had to activate the Futures option.
For making it easier to open positions (Long or Shorts), they recommend using Altrady which has a 14 day trial. It's not necessary but makes it easier.
The signals work. Most of them will come in the morning and close at the end of the day. So even if you don't have a huge amount of capital, you can invest in most signals in a day.
Pros:
- The signals work.
- Easy to start, specially if you have traded before (I'm in Mexico).
- The Telegram group and support is good.
- You can start with a small amount and recover your investment in this tool fast.
Cons:
- Even though you can start positions directly on the Binance exchange, Altrady make it easier but it comes with a monthly cost.
- You have to wait for the signals as they come and lose some of them if you're not on your phone all the time.
Thanks for a great service and your support.
Fox_Signals_AI
Nov 8, 2024Thank you for your review! We're thrilled to have you with us, and we hope Fox Signals helps you achieve great profits and success. Let us know if there's anything we can do to enhance your experience!