We examine the Forex 60 Second Scalping trading system from William Tan and explain why you should not buy it.
What is 60 Second Scalping about
60 Second Scalping is a Forex trading system that is focused on shorter time frames and shorter trades, in other words scalping. It allegedly has no big drawdowns and your trading account won’t suffer huge swings.
The system has only three rules and it comes with a Metatrader 4 template. It costs $47.
60 Second Scalping is a scam
This should not surprise you, because believing that a $47 trading system could make you more money than what you get at work would be foolish.
Uncovering scams of this type is very, because it just doesn’t make sense to sell a profitable Forex system for a few bucks. First of all because exposing a profitable strategy to the public would make it vulnerable and probably fail over time.
Secondly, why would you bother with setting up a website, a marketing campaign, to sell a system that can make enough money for you to retire? You see, you just need common sense to understand what is a scam.
A cloned scam
A clear giveaway is that 60 Second Scalping is a clone of the Elite Swing Trader scam that we have reviewed just recently.
You can see on the picture on the right a comparison of the websites, they look very similar. Even the price of the systems is exactly the same.
60 Second Scalping offers no demo, no trial period, not even a refund in case you find that it is not working. This is a confirmation that it is a scam.
Because if it was a profitable system, the seller, who by the way is totally anonymous, would offer you a full refund in case you are not satisfied with the results.
But no, he wants you to pay and forget. This is a big red flag.
60 Second Scalping is a scam, don’t buy it, because if you do, you won’t be able to get your money back.
Making money in trading requires training and learning, you can do it on a demo account until you manage to trade profitably.
Forget about cheap trading systems, they are scams, they just don’t work.
You say it’s a scam and the only reason you have is because they don’t offer a refund in case you’re not satisfied? that’s not very reasonable to me. I mean, I wouldn’t buy it but I can’t say it’s a scam because I haven’t tried. So you can’t say it’s a scam because you haven’t tried it
It’s a scam because it promises you tens of pips every day and because it is just a carbon copy of another scam.
That doesn’t make any sense. Again, I’m not saying it works because I haven’t tried it and I won’t but claiming something is a scam without actually trying such product/service is absurd. The other trading system you refer to as “another scam” is also something you haven’t tried.
No, it doesn’t make any sense that someone is selling you something that supposedly makes you thousands of dollars for just $47. BUT you cannot say it’s something before actually getting the product.
Also, you can pay with Paypal so if it doesn’t work you can just open a dispute. Paypal will give you a refund right away.
Sounds like you’re just hating bro
I have been a trader for the last 14 years, so I know when I see scam. You don’t need to jump out of the window on the 10th floor to learn what happens next.
i’m new to this trading stuff but i’ve been looking for some kind of 60 second trading format for many weeks while learning. thanks for putting on info about the 60 Second Scalping Forex trading system. One thing I think it has going for it is marketshare, and the driving force is the high amount of trade fees that will be charged. Somebody’s going to get rich off of attention deficit disorder, believe me.