Universal Trading Profits and Steve Sollheiser present 5 free Forex indicators that they claim are amongst the simplest to use and most powerful indicators available.
What does the product offer?
Universal Trading Profits present what Steve Sollheiser calls “one of the simplest and most powerful FX indicators”. There are 5 of these indicators and all come in a downloadable .exe file. The indicators are fully MT4 compatible and can be active in a short space of time. There are also a number of links to other products by the Universal Trading Profits team.
How does the product work?
There are 5 different indicators, FX Conqueror, FX Hybrid Profits, FX Income Generator, FX Serenity and Launcher TRX. Steve Sollheiser claims that these 5 indicators are able to work together to allow you to spot the exact reversal points in trends, get the edge through the earliest possible entry and maximise profits. The fact is there is no real information on how any of this works which I always consider to be a cause for concern.
What is the initial investment?
The indicators provided by Universal Trading Profits are free to download. Obviously you will need to have a trading account open with a Forex broker in order to use them.
What is the rate of return?
Steve Sollheiser says that the 5 Forex indicators that Universal Trading Profits are offering are capable of “catching $500-$750 profits on any trend”.
There isn’t a whole lot of evidence that most Forex products work and in the case of Universal Trading Profits it has never been more apparent. There is literally nothing about how the product is supposed to work with the focus being on the fact that they are free and this should be good enough. Personally I am sat very firmly on the skeptical side of the fence. I believe that Universal Trading Profits are using their free indicators as a method of enticing you into paid products.
This isn’t necessarily a bad thing as savvy traders who wish to try them can get them for free, trade in a demo account and if they work use it to make money.