We have completed our three month review of forex signals service Learn 2 Trade and here are the final results:-
| Profit/loss: | +54 pips |
| Trade Success Rate: | 43% |
| Bank Growth: | 5% |
| Cost: | £35/month, £65/quarter or £95 for 6 months |
| Average number of trades: | 2-3 per day |
| VERDICT: | NEUTRAL |
| Rating: | 2.5 out of 5.0 stars |
You can view full results here.
Learn 2 Trade – Full Review
Learn 2 Trade is a trading website providing a range of services including forex signals, cryptocurrency signals, forex funded accounts, forex courses and more. For the purposes of this review we were testing out just their forex signals.
They provide 2-3 forex signals per day and claim to make average monthly gains of 30-40% with an 82% win rate, although there is no independent verification of their results via myfxbook or a similar source. There are plenty of positive reviews on Trustpilot so we were eager to test out the service and see whether it could deliver.
The signals are provided via Telegram and there are numerous updates each day, which include the signals themselves, analysis, news and updates to current trades such as moving the stop loss or take profit position. They also include forwarded trades from their cryptocurrency service, although those only seem to be ones that have won…
In our view it would be better to have just the forex signals in one channel and all the info like news, analysis, the crypto wins etc in a separate channel because it can become a little annoying to keep receiving alerts all day.
In any event, in terms of the signals themselves, it was quite an up and down trial, with a strong early start, followed by a big downturn in the middle and then a rally at the end.
After the three month trial was over they finished pretty much even, with a small profit of 54 pips made.
There were quite a few changes during our review, with new traders and set-ups being introduced. The timing of this was a little surprising because they were actually well ahead for our trial when they added/changed trader, only for results to then decline.
Things did pick up towards the end as we say, but it might have been better to stick with the original set-up because it seemed to be working quite well, but they obviously felt like they wanted to improve the service which is understandable.
Anyway, overall then at the end of our Learn 2 Trade review, considering they finished at around break-even for our trial, their forex signals receive a NEUTRAL rating from us.
Service Breakdown
Ease of use: There are around 2-3 per signals per day on average, although there were more early on in our review and there have been slightly less lately (more like 1-2 per day).
There are frequent updates to the trades though in terms of adjusting stop losses and take profits or taking 50% profits etc, so it takes a bit of work to follow the service and keep up with everything. If you are busy during the day and not able to adjust trade positions regularly then this probably not the ideal service for you.
Transparency of results: Poor – they don’t publish their results on their website nor via a third-party site like myfxbook, yet claim high returns of 30-40% per month. We didn’t experience such gains during the period of our review.
Did our results match those on their website? As above, they do not publish their results on their website.
Trade success rate: The trade success rate for the trial was 43% which is okay and was just enough to eek out a small profit for our trial.
Subscription costs: The subscription costs at the time of writing are £35 per month, £65 per quarter or £95 for 6 months.
OVERALL VERDICT: NEUTRAL 2.5 out of 5.0 stars
Learn 2 Trade is a trading website offering a variety of forex-related services. We focused solely on their forex signals for the purposes of this review.
After following the signals for three months, they finished around break-even with a small profit of 54 pips. We therefore award the service a neutral rating based on our review.
Learn 2 Trade – Results Update
1st April 2021
Not much change for forex signals service Learn 2 Trade recently, with a loss of 11 pips made since our last update.
That means they are now 457 pips down for our trial overall.
You can view full results here.
There have been quite a few changes to this service since we started this trial, with new trade ideas and setups being adopted and a new trader added over the last month or so.
Unfortunately it hasn’t helped the results yet and they were better off with the strategy they were using before. It may turn around soon of course – we will see.
Learn 2 Trade – Results Update
11th March 2021
An unfortunate turn of results for forex signals service Learn 2 Trade recently, with a loss of 732 pips made since our last update.
That means they are now 446 pips down for our trial overall.
You can view full results here.
About a month ago they stated in the Telegram group that they would be starting with new trade ideas and setups, but ironically it looks like they would have been better off leaving it as it was, because since that point they have dropped over 1,000 pips.
They also ran a poll recently in the group about whether people wanted a new trader added, which got an overwhelmingly positive response, so this may happen soon although we haven’t heard anything specific.
Learn 2 Trade – Results Update
24th February 2021
Somewhat of a step backwards for forex signals service Learn 2 Trade recently, with a loss of 392 pips made since our last update.
That means they are now 286 pips up for our trial overall.
You can view full results here.
As mentioned last time, we think the results really needs separating out to give greater clarity on the different instruments given vastly different position sizes.
- Indices: +404 pips
- Commodities: -277 pips
- Forex: +160 pips
So the forex trades have improved since last time whilst the indices and commodities have struggled.
Learn 2 Trade – Results Update
12th February 2021
We remarked last time on forex signals service Learn 2 Trade’s rather unusual position sizing, with their index positions being much larger than their forex ones.
Using their position sizing, they have made a further 390 pips profit since our last update, putting them 678 pips up for our trial overall.
You can view full results here.
However, we think this really needs separating out to give greater clarity on results.
The indices have made a combined 1074 pips profit, in effect delivering all of the profit. As we say, those are given in a 10 units per pip format, which means they are outsize compared to the forex trades of 1 unit per pip.
The gold and silver trades have made a 418 pip loss, accounting for all of the losses.
And finally the forex trades have made a 22 pip profit in total, so more or less breaking even.
Interestingly they advised closing out all trades today and said they “will be starting a fresh week Monday with new trade ideas and set ups, we will be implementing a new tried a tested Technical Analysis system that we believe will work very well for your portfolios.”
We’ll report back on how that gets on in our next update.
Learn 2 Trade – Results Update
25th January 2021
A solid start to our trial of forex signals service Learn 2 Trade, with a gain of 288 pips made so far after one week.
You can view full results here.
There is quite a lot of action involved in this service, with an average of three signals per day and updates to adjust stop loss/take profit levels on those signals, plus technical analysis and market news.
It would be better to have a separate Telegram group for all the analysis and news as you receive so many pings on your phone the way it is set up at the moment. Having one group just for the signals would be preferable in our opinion.
One thing to note is that they take quite outsize positions on indices, using in effect 10 units per pip. So for example a move on the US Tech 100 from 13400 to 13390 was recorded as 100 pips profit, where as we would normally record that as 10 pips profit.
However, as long as they are consistent and use those same metrics for losing positions, we are happy to use those metrics for results purposes.
Learn 2 Trade – New Review
15th January 2021
Today we are starting a new review of a forex signals provider called Learn 2 Trade.
They provide 3-5 forex signals per day and claim to make average monthly gains of 30-40% with an 82% win rate.
There is no independent verification of their results via myfxbook etc nor are their results published on their website, but the service has been recommended to us and does have lots of glowing reviews on Trust Pilot (whether those are genuine or not of course you don’t know).
Anyway, the website and service in general looks serious enough to take a look at, so that is what we are going to do!
The signals are sent out via Telegram – as most are these days – and cover not just forex but also indices, commodities, and crypto.
There is also a free Telegram channel you can sign up to that supplies up to three signals per week, although it seems to mainly be there to promote their paid signals.
The signals all come with an entry price, stop loss and take profit so seem pretty straightforward to follow.
It states on their website that the signals are based on standard technical information like Fibonacci retracement levels, support and resistance, bollinger bands and moving averages.
That all sounds fair enough so without further ado we will get the trial underway and report back here soon on how things are going.
In the meantime you can check out Learn 2 Trade for yourself here.
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