Created by Ross Mihal, Forex On The Go gives its users access to a number of different trading strategies brought together into a single manual.
What is the product?
Forex On The Go is essentially four different trading methods, each of which is based around its own time frame and currency pairs etc. however all have one thing in common which is that Ross Mihal refers to them as “set and forget”. Whilst I cannot go into too much detail about the strategy itself, Forex On The Go is allegedly grounded in trading strategies developed during the 90’s that are still used today by various major institutions. The first of these is the “main” one and this is based around opening trades on a Monday morning over a one week time scale.
The second method that Forex On The Go shows you involves opening two trades on a Friday morning and the third of the core trading strategies differs somewhat in that it uses 4 hour trades so that you can make a profit short term in the evenings. The strategies come with stop loss and take profits explained with some interesting ideas there. The majority of Forex On The Go is based around market sentiment however which definitely isn’t anything new. What I haven’t heard of before is a “bankers candle” which will basically act as an indicator for you. The fourth trading strategy is technically provided as a bonus and has been designed for you to trade overnight.
What is the investment vs. the rate of return?
Ross Mihal is advertising Forex On The Go for £145 plus VAT for EU residents. This is a one time cost which is handled through Paypal. There is a 30 day money back guarantee in place however this is vendor backed and is conditional. In order to claim your refund you must be able to prove that you were not successfully able to make a profit in the first 30 days. In terms of the income, Forex On The Go is claimed to have made £120,000 in 6 years of trading on just a single currency pair.
Does the product provide value for money?
Personally I’m not entirely sold on Forex On The Go representing value for money for reasons that I shall explore below.
There are some pretty solid ideas presented in Forex On The Go and it would be unfair to dismiss it as an inherently bad product. The problem that I have really lies in the fact that the ideas that Ross Mihal puts forward aren’t anything new and whilst the results look great on paper they are almost definitely back tested. This means that whilst something will work in theory, actually getting the same results moving forward is no guarantee and that is ultimately what you want from a money making product.
All of this would possibly be easy to overlook if it weren’t for the fact that by the time you have put VAT on you will pay around £180 for Forex On The Go which is a lot of money for some trading methods from the 90’s, no matter how secretive Ross Mihal claims that they are.