Fat Prophets Reviews

Yep some teething problems initially (mainly my fault).... but over all extremely useful service have made good returns over the last three years. Well-written reports long but well informed conservative in approach. Would recommend UK equities, aus equities report, and cfd report also good. Not having the time to do a lot of research this last few years so has saved me time. I had a good account manager, useful there when I needed him. Clearly these guys are on the ball and recommended good stock in these volatile times. Will definitely use them again.

I have been a member of the CFD Trading Report for a year, and the returns are shocking. I agree with the feedback of the majority of reviews here. They use market entry orders for commodities and FX mainly and have dropped and share equities ( last was around Nov / Dec 2012 ). SMS service is slow, you can never get in remotely close the recommended entry. They do no trade management except once the trade reach 1:1. Very poor!

I joined them in September 2012, since then I stopped live trading with them after 3 weeks as it became clear that there were more losers than winners, it is not safe to do anything other than paper trade. The recommendations have a very poor ratio, usually 1:1 but because they move their take profits in most cases, that ratio becomes null and void. They let the losing trades go to stop and close winners early. Some trades are little more than scalping, in 1 case a mere 22 pips. By the time the trade is signalled there is often little chance of getting in at the recommended price. They do not trade at all on Mondays but often send a trade late on a Friday meaning you have to hold it over the weekend increasing your chance of losing the trade due to gapping. They do not even trade with the company's real money, which to me says if the company doesn't trust their own traders why should you. The trades posted do not tell the real story, sure they look like winners but they are winners because they move the target, if they left the trades to run to TP there would be more losers. "Fat Prophets is unique for our dedication to transparency and accountability. Every closed trade recommendation that Fat Prophets has ever made is available for you to review. Whether we have won or lost, "

The reports on the website do not state the real picture, ie they do not state when the original take profit price was set therefore one cannot see the true picture of how many times trades were either cancelled or the take profit moved. If you ask for a refund you will be kept waiting for the statutory 8 weeks and get fobbed off time and time again, you will be extremely lucky to get a refund. My advice is save your money, start with Babypips and go learn how to trade yourself. Never follow blindly another person's recommendations

I lost money with these guys for almost a year and thought it was just the market. I was given an opportunity to run the report side by side with another report and the truth was revealed. They are useless.

Just like Joseph below, I saw Fat Prophets declare wins when there was a loss and pretend losses never happened. I emailed a number of times to ask about recommendations that had suddenly disappeared and received no reply.

They also shared my personal details with other investment companies.

Learn T/A folks.
Since the GFC, fundamental analysis has been exposed as rather flawed.

I have been a member for a 11 months. The overall result is a loss! Risk to loss ratio is most of the time 1:1. More over some trades were not realistic. On some occasion I used entry stop and target on IGindex. Mine was closed at a loss (stop loss) while Fatprophets claimed a win! Now for the last 3 months or so they stoped issuing recommended trades on Monday. I wrote an email asking about it and never even got a reply.
So so not waste your money1

I've been a subscriber for several months now, and the results are very good. The daily VTR session is excellent. If you put a small amount of effort into listening and asking questions (which you can do at any time in the VTR) you will learn how to analyse markets from a professional with a proven track record. If you truly want to learn how to analyse markets and make money then I fully recommend the service. The approach is conservative, picking only high probability trades, hence there is not a barage of trades every day. I cant understand how people are saying the results are terrible, just look at their website - the trade history is not fabricated I've seen all the trades come through. If someone is down money after following these trades then its down to poor money management on their part. (they also put a big emphasis on capital management so if you are down money then you've not been listening). You get over an hour of analysis EVERY day with the opportunity to ask any question you like and not be made to feel like an idiot for asking. You can also get any market analysed you want. It caters for those new to the game and experienced. Emphasis is on swing trades which could be held for anything from a day to a week or so. Plus a few shorter term scalps that can be over in an hour or 2. Potential set ups are looked at - then if price action confirms an entry then a SMS text is sent out. Other trade set ups are posted on the members section of the site, with entry levels, stops and profit targets, so you can set up orders on your platform and leave them. I'm not affiliated with Fat Prophets or anything, I have just had a good experience with them and will continue to use this service.

I subscribed for a 2 year membership 2009 - 2011 and was truly frustrated with the main service of interest for me: the CFD trading report.
I received all equity reports plus the trading report service in the package. The equity report service churns out mainly buy and hold recommendations every week which may be ok for some, but was of no interest to me and are certainly of no use in the current environment.
The CFD service is frankly shocking. Despite receiving text messages for the trade alerts, the market prices quoted in the messages are usually far too late to acheive the entry price - and more importantly, the risk to return ratio for these trades is always shockingly low at 1:1 or 1:2 at best. These ratios do not include trade spread and any slippage, so the published performance stats are always hugely overstated when compounded. Something that the so called experts have little concern about.
My advice is save your money, purchase a few of Schwager's Market Wizard books, and use your capital on shorting the hell out of the Euro on summit euphoria.