AlphaTradeZone®: Crypto Signals Review
AlphaTradeZone® is a cryptocurrency signal service leading by Mr. Talin. He claims to began his journey in 2017. The telegram channel was created on 28 August 2018.
The website was created on 3 February 2019.
AlphaTradeZone claims that its main purpose is to assist the audience of crypto enthusiasts discovering the crypto markets and educate them in order to be more independent in taking their decisions when following trade calls.
Every day he shares 2-4 cryptocurrency market analysis, but there is a very few free signals on free channel.
His telegram channel has more than 56k members and the chatting group has more than 5k members.
Currently, the chatting group has more than 5K members, where’s he shares analysis, and group members share their thoughts on current market conditions and asking many questions. This group is being helpful for traders.
In this review, we will let you know whether it’s worth paying money to be a part of AlphaTradeZone.
AlphaTradeZone®: Results Verification
In the case of Forex, as the details of an account are known through a third-party monitoring website, the cryptocurrency exchange does not have such a facility, so it has published its monthly profit and loss account in the Google Docs file. What is not a verified result is his own written result.
Unfortunately, we can see from his monthly results sheet (Google Docs), he is miscalculating the results. Because he is counting the profit percentage from every single trade with the whole balance.
Because he is calculating the percentage of profit that he makes in each trade with the whole balance. But in reality, you will use only 1% – 3% of your balance in each trade.
Suppose you have $1000 in your account. So you will use 10 to 30 dollars in each trade. So if you make 5% profit from trade than you’re making 5% profit on that traded amount, not on your full balance. (5% profit on $10 = $0.50 only, so your Total balance will be $1000.50 not $1050)
And obviously you are not going to trade your full balance in one trade. So there is no reason you can multiply your full balance with each trade profit percentage. Hope you got my point.
Ultimately he is deceiving people by showing more profits.
AlphaTradeZone®: Technical analysis
Every day he shares 3 to 4 market analyses in his free channel. He is not sharing the Tradingview profile link, just sharing his analysis pictures. Basically he shows the possible take profit target in the photo and some details about that particular currency.
AlphaTradeZone®: Signal Pricing
He is charging a little more than other signal providers in the market. The fee for his monthly signal service is over 200 200. And he recommends $2000 as minimum requirements. We do not totally agree with him. Because if you are making 30% in a month, so you will make $600 per month for $2k balance and $200 to cover the fee, then your profit will be $400. And $200 is 33% of your profit. And if something goes wrong, guess what could happen.
We recommend you to have a minimum of $5000 account to start trading with them.
Test their free signals in your bitmex demo account for at least a month, before purchasing their service, if you see that they are not lying, ends if you are happy with your trading result, you can purchase their premium service.
However, AlphaTradeZone® Signals would have avoided this situation very easily, if they provided their myfxbook profile for our verification.
Thanks for reading the “AlphaTradeZone® ” review. Let’s see what the community has to say in the comment section.
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1 review for AlphaTradeZone®-Crypto Signals Review
- Market analysis sharing
- high pricing
- miscounting the profit