An interesting forex signal provider that has consistent profits with high risk

4X=Millions is one of the most interesting signal providers we’ve looked at yet at ZuluTrade. It has shown enormous profits in under a year, and it’s hard to beat a 99% record of winning trades.

Let’s take a look at the basics of 4X=Millions. As with a few of the signal providers we’ve looked at, 4X=Millions trades exclusively in Great British Pounds and Japanese Yen (GBP/JPY). The account began trading in February, and has showed small, but consistent profits in every month, with one exception that we’ll get into in a bit. 4X=Millions has made a total of 352 trades, with 351 winners and just one loss, which cost him 422 pips. For the most part, the trade volume is pretty low; in each of the last six months, 4X=Millions has made 40 trades or less.

If you’ve put together a couple of the facts we’ve presented so far, you can probably guess that – even with just one losing trade – there’s a fair amount of risk present when using this provider. Sure enough, 4X=Millions has had a large maximum drawdown of 52%, meaning their trades are not for the faint of heart. This has drawn heat from some traders, who have questioned a few of his moves and believe there’s simply too much being risked for too little gain. Some have accused 4X of simply being reckless in the midst of trades gone bad, refusing to take a stop loss and instead holding on in the hopes of things turning around by luck, rather than through any analysis done by the trader.

It’s also worth noting that the volume of trades coming from 4X=Millions has been dropping as of late. So far in November, this provider has made only two trades (both winners, of course), and at the time of this writing, they have no open positions.

That said, we’re certainly not suggesting you shouldn’t take a look at 4X=Millions. You can’t argue with his great results; he has had consistent profits throughout the life of the account. Just realize going in that there will be times when you risk a lot of money for the chance at a small profit; if that’s something you’re not going to be comfortable with, stay away from 4X=Millions at all costs.

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