Fly on the Wall has turned a profit in every single month

How would you like to trade on the forex market without the risk of losing? It may sound too good to be true, but there are actually signal providers out there that can provide this level of security. One of the best is Fly on the Wall, a signal provider that has been trading since the summer of 2010, and as of October 2010, has yet to make a losing trade.

Before we get into the details, it is important to make a small disclaimer. Just because Fly on the Wall or any other trader hasn’t made a losing trade yet, it doesn’t mean that they never will. On the other hand, it would stand to reason that, after 355 trades without a loser, Fly on the Wall is about as close to a sure thing as you can get. If there are ever losing trades here, chances are they will be very few and far between.

So, how does Fly on the Wall work? Thus far, the signal provider has only traded the GBP/JPY pair, so you’ll be trading Pounds and Yen. With a maximum drawdown of 18%, Fly on the Wall never puts your account balance in any serious risk, while showing remarkably consistent profits. Since beginning trading in May, Fly on the Wall has turned a profit in every single month. Overall, the trader has made 7,173 pips, or an average of about 20 pips per trade.

Over the summer, Fly on the Wall’s trade volume gradually increase, from a start of 68 trades in May, which increased to a peak of 127 trades in July. However, the signal provider has been relatively quiet since, making only 70 trades total from August through mid-October. However, since these trades have all been winners, it’s likely that market conditions have just been such that Fly on the Wall hasn’t been comfortable with making trades nearly as often.

This leads to the biggest criticism leveled against Fly on the Wall: that there simply aren’t enough trades being made. Look on any message board or comments section related to the signal provider, and you’ll see plenty of people asking why Fly on the Wall isn’t trading more, or requesting – even demanding! – that they trade more often.

But, of course, this misses the whole point: Fly on the Wall only trades when there’s a level of certainty that simply doesn’t happen every day. It’s rare to find a trader so willing to forgo trading until they’re sure it’s time to make a move, rather than simply try to cash in on more profits as often as possible.

In the end, whether or not you’ll feel happy with Fly on the Wall comes down to what you want out of a signal provider. If you want a high volume trader that will maximize your profits, but comes with some risk, this is not the signal trader for you. However, if you’re looking for certainty in your trades and the knowledge that you’re working with a careful, professional trader who won’t mislead you or make big errors by taking unnecessary risks, we safely say that Fly on the Wall is one of the surest bets in the forex world.

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