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Home » Reviews » Negative Reviews » Channel Trader Pro Review – Another Doug Price Scam

Channel Trader Pro Review – Another Doug Price Scam

August 6, 2015 //  by Amanda Dempsey

channel-trader-proName: Channel Trader Pro

Owner: Doug Price

Price: ranging from $49 to $129

Overall Rating: 25/100

There are just too many positive reviews of how this software can do this and do that, so I thought I’d put my two cents in and do one of my own.

This may seem like an odd place to start but just imagine for a moment being a child again. If you are like me, even with the heart of a child, this may seem like a distant memory, but please, try and keep up. Imagine you, yourself, as a child again. Imagine all the childish wonder in the world. You could play all summer, basking in the warm glow of great irresponsibility.

Perhaps you are not alone.

Perhaps it is you with your old friends, playing with your favorite toys or games, laughing and enjoying life. But what was your favorite toy? What games did you play? Where you a girl into girly things? A boy into manly things? Either way there is a solid chance whoever you were you could agree on one thing…

…candy is good.

So what does all of this reminiscing have to do with Expert Advice and Doug Price’s trading program? Let me explain.

Modern Day Candy


It’s easy to look at a bag of candy and think to yourself

“Yes, this is my bag of candy, but I have plenty of said candy and would like to trade it for different types of candy for various amounts.”

Okay, so, as a child, you probably did not think that way, but as an adult, looking at your bank account, it’s not hard to see the comparison. As children, it can be simple enough to trade, say, a bit of chocolate for a lolly pop, but what does that mean for your currency in the grown up world?

Unlike candy, currency is highly regulated.

The amount that is made and distributed is monitored closer than just about anything else that happens on the planet. When we look at FOREX trading, we can see how prices, values, and overall interest can fluctuate almost minute by minute. This can make it difficult to stay on top of trades and be able to make a dollar without investing everything you own.

And that is where Doug Price came in.

He has apparently single handedly designed a software that, according to him, lets even the most inexperienced investor come out on top with little to no training. All you have to do is download this program, purchase what you need, and watch the cash flow like a river.

How the System Works


The interesting thing is, even after investing anywhere from $9 to over $100 on whichever package you should choose, there really is no method to follow.

There is no training, there are no “expert secrets”, there is no system in which to follow.

It seems to work on a volatility indicator which changes rapidly while running in multiple periods. From this point, the EA (Expert Assistant) will open a line and watch the channel move.

And you will watch with them.

And you will watch hard.

Profits will go on varying levels, depending on who you ask. Some will say that the profits maintain a steady 40% while others attest to no less than 75%.

With numbers such as these, it is easy to see how, regardless of how confusing, mysterious, and overall user Unfriendly Channel Trader Pro is, people will line up to drop $100 if they think it will make them some money.

But will it?

Ins & Outs


The bottom line, there is no guarantee. No matter how many reviews you read no matter how many money back promises that are made (60 day, by the way), when it comes to stocks, bonds, currency, FOREX, NASDAQ, and literally every other form of trading, absolutely no one can honestly look you in the eyes and tell you that you will make a profit.

Sure, the program may work just fine, and yes, you MAY actually make a solid dollar, but at what cost?

Let’s go back to childhood again for a moment. Let’s say you have that bag of chocolate and you want that lollipop your friend has, and they are willing to trade. So, let’s say you give them this bag of goodies for their one goody that, to you anyway, seems like a fair deal.

You didn’t want all the chocolate anyway. Maybe you have more chocolate at home.

Either way, you just traded your short lived life’s savings for a single lollipop.

Do you see the issue here?

As adults, we know a good deal when we see one. And, even if you have a few hundred dollars saved up at home under the mattress, spending money for someone else to make you money seems a bit rash when you think about it.

And, if you have little to no experience in trading, you WILL get lost in all the jargon and rules and guidelines.

Yes, you will have an EA or 2 showing you the ropes, but if you have never so much as followed a stock report, you are going to have absolutely no clue how to proceed. The EAs can only do so much, after all, and if you are already lost in the jungle, all they can do is shine a beacon in the sky and hope that you find it.

Do not think for one second that this will take no effort on your part.

You will have to put in work, and it WILL be difficult at times. If you are willing to pay that price (as well as the literal price of the program in and of itself), then by all means, log in, sign up, and hope you make back what you spent.

Product Overview


Name: Channel Trader Pro

Owner: Doug Price

Website: www.channeltraderpro.com

Price: $49-$129

Overall Rating: 25/100

There is no software or robot out there that can guarantee you anything. If anyone tells you that they are winning more than losing, that is because they are a very experienced trader or it is complete luck, which is what happens in most cases.

Take my word for it or give it a try for yourself, but it is really up to you. If you have no experience with any type of trading, you might want to stay away from trading and try something that really works.

I have done my share of trading and I can tell you that it is literally a coin flip. You can win most in one day and lose it all in just one trade. I’ve been on both ends and I think I’ve had it with trading. Period.

not-recommended

In the End


Just keep in mind, at the end of the day, if you’ve got a nice bag of candy already, maybe it’s best to put it aside until you can earn more. At least, of course, until you know how much your bag of candy is really worth.

Then maybe, just maybe…

that lolly will be worth it after all. Not every investment you make will be bad…just don’t forget that they will not be all that great either.

Personally, I have made money online, but with no risk whatsoever. Click here to see the same exact program that has allowed me to kick my 9-5 to the curb.

Thanks for reading my review of Channel Trader Pro!

 

– Amanda

 

Category: Negative Reviews, Reviews

About Amanda Dempsey

I am a mother, a wife, an actress, a model, a writer and a business woman. Through my art, I find peace and the opportunity to make an impact in the world. Through my business, I find financial freedom and the ability to pursue my passion without going hungry. Learning that I had the gift of gab, I took the internet and began to develop my voice. A voice that will resonate throughout the clutter of the internet and make an impact, a mark, something to be remembered. Through my voice, my art, my passion, I will leave a legacy.

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Reader Interactions

Comments

  1. Tamla Macklin

    August 8, 2015 at 9:52 am

    Amanda, great review! I love your analogy about the bag of candy. All too often are our eyes filled with wonderment and childish hope when the next shiny new thing is revealed online. This naive nature is crushed when the truth behind the false hope is revealed. It is then that we are quickly reminded that the internet is no place for childlike faith.

    Reply
    • Amanda Dempsey

      September 10, 2015 at 7:41 pm

      I am just now seeing this comment, Tamla. I am so sorry I never responded. Thank you so much for your kind words. It’s always heartwarming to hear when people appreciate my quirky analogies. lol And yes, I agree, childlike faith had no place on the internet. People need to realize that they need to be internet savvy to be successful online. They think they can just jump into whatever seems “like a good deal” and make it happen. It doesn’t work like that for most.

      Anyway, thank you for your comment and hope you enjoy our blog!

      Reply

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