Trend Profiteer is a “semi-automatic” foreign exchange market FOREX trading bot that claims to guarantee a trade success ratio of over 80%. The software comes with an exhaustive manual and a collection of training videos, webinars to attend, an online members-only forum and chatroom.
Trend Profiteer thus combines a trading bot with an educational system to train individuals to TRADE FOREX
effectively.
Trend Profiteer thus combines a trading bot with an educational system to train individuals to trade Forex effectively. Additionally, there is an AFFILIATE
opportunity attached to Trend Profiteer as well.
What Is Trend Profiteer?
Trend Profiteer was developed by “a team of Forex traders” (not specified), spearheaded by AUSTRALIAN FOREX
trader and educator Michael Nurok.
Claiming to work out of the 27th floor of the Macquarie Tower in Sydney (within viewing distance of the Sydney Opera House, Nurok is a veteran day trader with something akin to 15 years of experience under his belt.
Nurok has presented two other FOREX TRADING
systems in the past, Traders Elite and FOREX
Precog. Unfortunately, neither of these systems has very positive reviews, according to even the most cursory of internet searches.
This doesn’t bode well for Trend Profiteer, but it is important to note that Nurok certainly talks a good game when it comes to his knowledge of Forex trading. This may indicate that the education and training the program provides may be better than the performance of the auto trader bot.
No specific address or contact phone number has been included on the website, and it’s been impossible to verify whether Trend Profiteer does indeed operate out of the Macquarie Tower. The only way to get into contact with Trend Profiteer is through a support email.
Trend Profiteer Product
There are several facets to the Trend Profiteer product and service.
The first and foremost is the “semi-automatic” trader bot, so called because users can configure it to prompt the program to wait for confirmations before placing buy and sell orders. This is the core product, the one that provides a strong opportunity to invest successfully thanks to its purported “80% or higher” success rate.
Additional products and services bundled together with Trend Profiteer include access to a private members area, 24/7 online support, a suite of video training modules, a comprehensive trading manual for the Trend Profiteer program, and free updates for the lifetime of the software.
Trend Profiteer also comes with nearly a dozen BONUS TRADING
reports that provide in-depth information for budding traders.
The entire product line is available for a one-time payment of $997, with a $100 discount available if you attempt to leave the website without checking out. Trend Profiteer is covered by a 60-day no-questions-asked guarantee, but this guarantee only covers the price of the product and not any money lost through failed Forex trades.
Trend Profiteer Opportunity
Besides the supposed opportunity to strike it rich by Forex day trading, Trend Profiteer also has an AFFILIATE program.
Resellers who sign up for the affiliate program have the opportunity to make $537 in commissions from every sale. This makes Trend Profiteer a relatively high-ticket affiliate program.
Additionally, affiliates gain free complete access to the Trend Profiteer program themselves in order to better market it to prospects. The AFFILIATE
site also offers two-tier affiliate commissions, though the commission percentage for second-tier recruits was not readily available.
Trend Profiteer provides support through email swipes, banners, marketing assets, and consumer tracking statistics in its back office.
Whether there’s an entry fee to join Trend Profiteer’s AFFILIATE
system is also unclear.
Trend Profiteer Verdict
Trend Profiteer looks to be a mixed bag of opportunities and liabilities.
The training and education facet of the product looks to be relatively high quality, especially for anyone who is completely new to FOREX TRADING
. However, the incredibly high price of the product could be a serious turn-off for all but the most interested parties.
The inclusion of the “semi-automatic” trading bot and its promises of up to 80% accuracy and beyond in choosing winning Forex trades will likely convince many fence-sitters to jump on board. However, the idea that such a trading algorithm that advanced actually exists is rather hard to swallow.
Even the most cutting edge auto traders top out at 75% or so, simply because market conditions are often so volatile and unpredictable that predictive algorithms just aren’t advanced enough to pick winners more than 3 times out of every 4.
Additionally, if this system is so incredibly accurate — making it supposedly worth almost $1000 for access — why give it away for free to AFFILIATES
? It seems like the focus of Trend Profiteer is more on marketing the product to others as much as possible in such a case.
What’s to stop an AFFILIATE
from signing up, gaining free access to this “incredibly accurate” trading bot, and making a fortune from Forex trading — ostensibly much more than they would make from marketing the system, even at more than $500 a sale? This simply doesn’t make any sense.
Still, Trend Profiteer is likely to catch a few well-heeled fish if you decide to market it as an affiliate. The ethics and morality of this are a bit murky, considering that the entire program seems like an overpriced education tool combined with an auto trader bot that isn’t going to work as advertised.
If you do decide to market this as an affiliate, though, you might not want to use the TRADING SOFTWARE
yourself — odds are you’re not going to get anywhere near an 80% success rate.