Thechartingsociety Reviews 

738
TrustScore 4.5 out of 5

4.6

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Rated 5 out of 5 stars

I have been following Mike for 2 months now. The trades are consistent and precise and Mike even share the trading analyze. Can only recommend you to join his community.

Rated 5 out of 5 stars

Been following for a year now. The trades are consistent and as is Mikes approach. No beating of the chest, shouting out how amazing his trades are, just precise instruction and recognition when tr... See more

Rated 5 out of 5 stars

Mike is an absolute legend! He is a genuine, attentive, considerate and respectful person. When it comes to money, it is natural to be sceptical trusting someone else to influence your decision making... See more

Rated 5 out of 5 stars

Most trading services try to sell you something eventually, but not The Charting Society. They just share solid FX strategies that actually work. I've already started making better trades since I foun... See more

Company details

  1. Education Center

Written by the company

Hello everyone! My name is Mike, I am 29 years old and i am a professional daytrader. I have made a community where i share all my knowledge, trading ideas and video content to start learning how to trade on your own. Also i provide over 7 hours of educational videos on different trading strategys and styles so you can educate yourself while following my trading ideas for free!


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4.6

Excellent

TrustScore 4.5 out of 5

738 reviews

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4.6

All reviews

(738)

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Rated 4 out of 5 stars

Around 90/100 days profitable trading with and against at times

Mike sets up the whole channel with high probability trades every single day. There has been a rough run on gold lately, however over the long term the streaks of very well called trades, many of which never go into more than a few pips drawdown means you're forced to learn. The stop loss and take profit strategy is typical of loss aversion sadly, which means a that very heavy lossy will be incurred in a full position whereas "partials" are often taken off perfectly good trades. If you pay attention you won't be taking the calls which are obviously in the wrong direction, or are high risk in a volatile market; you'll be in either the opposite direction, or taking the trade from a far better position when you get more advanced at those times and join the "prayers" and the "laughing faces" in the chat at those times. The best times are when Mikey is "on fire" and the room is loving the profit windfalls, which sometimes comes in at 100-160 pips within minutes, not hours. Cutting out the hype, I would use this as a signals service for confirmation around your own ideas and strategies; don't be afraid to trade against the signals if your gut and system are saying he's wrong. You may live to regret that sometimes! But as you get better you'll realise there are times when Mikey is right, and times when you are right. Try to get those two to match up and you're winning now. There are quite a few traders I know in the room who are trading against the gold signals, and making a lot of money from the room getting stopped out, knowing the room has stops worth chasing for exits and reversals near the stop out levels. Which shows he's been getting good. I learned a lot about keeping things simple, learning where institutional money is flowing from analysis pictures and training, and getting into high probability trades at just the right levels. A note of caution: I would just say that if you blindly follow the signals, then you WILL get wiped out, completely. Mikey recently took a sizeable 5 figure hit in a day and shared it. But he comes back consistently each and every day. All in all joining this group turned me from frustrated blow-out trader, to 6 months profitable with total consistency when I said "time to get serious now"; (100 trading days roughly, with around 7 losing days, which were recovered in a maximum of 4 days, and usually within 1 or 2 days;). If you use the wide stops suggests and take more than about 1% risk you're going to find yourself in serious trouble. Everyone in that room can attest though to a 3 week or so very serious losing streak in gold according to the signals, with unfortunate scale ins at loss, when the opposite side of the trades were frankly obvious. This was disappointing, there's no other way of putting it. So the strategy on gold very clearly needs a rethink. Having said that, gold shorts were finally called perfectly multiple times in the last couple of days.

That's why I give 4 stars, but not 5.

October 23, 2024
Unprompted review
Rated 5 out of 5 stars

Mike and the group are something else…

Mike and the group are something else as long as you follow what they advise and don’t be greedy you will be fine , any bad reviews are from people that bit off more than they could chew cannot fault them

October 23, 2024
Unprompted review
Rated 5 out of 5 stars

Informative and Truthful

This group is very informative and helpful. Mike goes into every detail for every trade signal that he puts in the group so that we are aware of what to do. Also if there is any questions that we need answering Mike makes sure to answer fast. His trades are always just very good.

October 23, 2024
Unprompted review
Rated 5 out of 5 stars

Consistency was always the hardest part…

Consistency was always the hardest part for me when it came to trading. I'd have good days and bad days, but now I'm seeing steady, consistent returns. I feel much more in control of my trades, and that's been the biggest change for me. Highly recommend it to anyone looking to improve their trading.

October 16, 2024
Unprompted review
Rated 5 out of 5 stars

What I love most is how clear…

What I love most is how clear everything is. There's no confusing jargon or overcomplicated strategies. It's all laid out in a way that makes it easy to apply in real trading. I've already seen a positive shift in my results since I started using these strategies.

October 10, 2024
Unprompted review
Rated 5 out of 5 stars

Solid signals

Mike, issues solid signals. He also shares the analysis of those signals. All this he does for free. I had a lot of questions before I started and they were all answered. The free video course was the cherry on the cake! And if all that wasn't enough, he started sending a weekly newsletter for your convenience.

October 10, 2024
Unprompted review
Rated 5 out of 5 stars

I stumbled upon this group by accident

I stumbled upon this group by accident, and I'm so glad I did! The trading strategies are legit and super easy to understand, even for someone like me who's not an expert. Since following their advice, I've finally started seeing my account grow. Highly recommend it!

October 7, 2024
Unprompted review
Rated 5 out of 5 stars

Make sense strategies!

Honestly, I didnt expect much at first, but I was so wrong! The strategies make sense and have helped me make consistent profits. It's nice to finally find a place that genuinely wants to help traders succeed. Great experience so far!

October 8, 2024
Unprompted review
Rated 5 out of 5 stars

Most trading services try to sell you…

Most trading services try to sell you something eventually, but not The Charting Society. They just share solid FX strategies that actually work. I've already started making better trades since I found them. Love that they're just focused on helping people grow without any strings attached.

September 30, 2024
Unprompted review
Rated 5 out of 5 stars

I've been a member of the charting…

I've been a member of the charting society for a few months now, and i'm extremely happy with my decision. The FX trading tips are accurate and based on solid analysis. Thanks to their insights, i've made several profitable trades already. It's worth every penny!

October 1, 2024
Unprompted review
Rated 1 out of 5 stars

They deleted my honest comment! Pure BS!

If I can only put a screenshot in here, I would share massive losses on this channel. I do my journal everytime and if I tell you you'll lose, you will! Signals are way too risky, having 80-120 pips stop loss plus 2-3 position so that's a lot. XAU signals doesn't have TP and claims he's profitable with 30pips🤣 so stop loss of 80pips to gain 30 pips is definitely a gambling strategy. If I only knew that's how he give signal, I would've not be part of it. XAU SL 100 pips TP (Open) hahaha to where? If you can't even put a signal with a proper TP, not even SL 100 pips TP 100 pips, TP is always way lower than SL. Pure gambling, PURE BS! My first comment was 3 star maybe you shouldn't have deleted it so it won't be 1 now 😂🤣

September 30, 2024
Unprompted review
Thechartingsociety logo

Reply from Thechartingsociety

Hello,

First of all, i cant delete any reviews, so this is something you would have to figure out with trustpilot.

2. This strategy is making crazy profits 85% of the time.

3. If you are writing a review like this based on 1 bad week, you did not listen to the riskmanagement as a stoploss of 20 pips 100 pips or 1000 pips wouldnt matter if you listen to the riskmanagement strategy of risking 2% per trades.

So based on your review, i can tell that 1 trading is not for you because you are looking for a way to become a millionaire over night and 2 you dont know how to follow a simple video.

The fact that you have access to my trading logs + all my trades that I shared in the premium community, means you can literally fact check my statement of being 86% profitable, so i dont really care about your bad review because you cant see the bigger picture anyway.

In the community, I share a loads of value besides the signals, thats why a 1 star review in a way this is written shows me you just been gambling with your riskmanagement and try to blame me.

Better to stop trading as a whole, you should be ashamed to write a review like this based on a couple days lol.

Rated 1 out of 5 stars

PLEASE DON’T join this.!

PLEASE DON’T join this.!! you gonna lose all your money!!!! A whole week losing trades on Gold😂.! Legal Scam!

September 26, 2024
Unprompted review
Thechartingsociety logo

Reply from Thechartingsociety

If you are writing a review like this based on 1 bad week, you did not listen to the riskmanagement as a result you probably blew your account.

i can tell that trading is not for you because you are looking for a way to become a millionaire over night and 2 you dont know how to follow a simple video.

The fact that you have access to my trading logs + all my trades that I shared in the premium community, means you can literally fact check my statement of being 86% profitable, so i dont really care about your bad review because you cant see the bigger picture anyway.

In the community, I share a loads of value besides the signals, thats why a 1 star review in a way this is written shows me you just been gambling with your riskmanagement and try to blame me.

Better to stop trading as a whole, you should be ashamed to write a review like this based on a couple days lol.

Rated 1 out of 5 stars

Not for the cautious trader…

I felt Mike was very helpful and easy to get on with and I liked his professional approach towards me but I am new to this and therefore cautious with my trading. Confidence is key after all. It is also my money that is being used here so I am wishing to be careful. So, after the first week, having made 4% profit, to receive a message from Mike saying the broker felt I wasn’t trading enough spoke volumes that this isn’t for a cautious trader. I will not be dictated to that I am not trading enough. You trade the market not because you must do. Therefore being a cautious careful trader, clearly this isn’t for me so withdrew my money and will go elsewhere

Am now responding to Mike’s reply which i find very disappointing seeing as, if you read my review above, actually praises him, mentions me making a profit from his trades but in fact my issue was with the broker placing pressure on my trading volumes. But, the fact that Mikes response suggests I blew my account, over traded etc actually only adds to my view that this is not for the cautious trader. There are in fact way better companies out there who not only have acted better than this, have guided me and am seeing over 100% profit on my deposit inside 2 months. Clearly, having read Mikes response I was better off elsewhere and frankly I don’t care about The Charting Society as their broker, and well it appears Mike as well, aren’t worth dealing with.

September 24, 2024
Unprompted review
Thechartingsociety logo

Reply from Thechartingsociety

Hey Kevin,

Weird that there is 600+ people over the last 12 months who experience this completely different.

The fact that you write this review in the first unprofitable week of the year, means that you probably got used to me winning all the time and just over risked your account and blow your account in a couple of days because you got greedy.

As i tell everyone, trading is a long term game, its about the % of profits at the end of the month, at the end of the year, one bad week is not going to change anything, although for you it did because you cant follow simple steps to begin with.

The fact that you have access to my trading logs + all my trades that I shared in the premium community, means you can literally fact check my statement of being 86% profitable, so i dont really care about your bad review because you cant see the bigger picture anyway.

In the community, I share a loads of value besides the signals, thats why a 1 star review in a way this is written shows me you just been gambling with your riskmanagement and try to blame me.

Better to stop trading as a while, you should be ashamed to write a review like this based on a couple days lol.

Rated 1 out of 5 stars

Unfortunately not better than others

After some months of day trading with Mike's signals, I can say: Hands off!

At the beginning I was a bit optimistic, the service of TheChartingSociety makes a good impression and you also get a quick response in case of doubts or questions.

Now to the bad experience, the signals themselves.
While the forex signals are quite decent, the gold/XAU signals are very bad.
I have lost several 100 pips in a matter of minutes due to wrongly advised signals and following recovery trades that didn't work so well.

Now,, the thing that bothers me the most:
In the Telegram group you can only react with positive emoticons. Trades that work out are "celebrated" endlessly ("send me your profits", "give me a good rating on trustpilot"...), but if a trade fails... you guessed it... Mostly silence.
A few days ago I saw similar ratings to mine on trustpilot, now they are somehow gone (!)

So in the end, don't waste your money and time like I did and stay away from this and similar groups.

Thank me later :)

September 20, 2024
Unprompted review
Thechartingsociety logo

Reply from Thechartingsociety

Hey!

I am going to begin with the fact that you are complaining about the signals. If you have access to the premium community, you have the opportunity to fact-check my entire trading sheet from this year, if you do this you will find out that the average win rate is 86% and that we are overall killing it.

The fact that you join in a period of time where gold is very volatile and making all time highs and experience some stop losses, is very unfortunate. But as I mention to anyone who is chatting with me before joining, this is not a get rich quick scheme and I am not going to make you a millionaire over night.

Last week, was my second unprofitable week of 2024. So if you are going to base your entire experience on 1 trading week that unfortunately for you is a bad one, trading is not for you anyway.

Everyone who joins the community, gets a guide, where i clearly state that you have to manage your risk with a maximum of 2% per trade and maximum 5% if you want to risk that much, this means that you would need 50 losing trades to blow your account if you listened to my risk management strategy, which we are not even close to

My guess, is that you got greedy, and that you are looking for easy money to become a millionaire over night with a 400 euro deposit, which is not the case.

If you blew your account thats on you, and if in your small minded world that means the signals are bad, than so be it. But just be glad you found out that trading is not something that you are capable of doing or understanding.

I wish you all the best.

regards

Mike

Rated 5 out of 5 stars

One of the best copy traders for sure!

Been following Mikey for at least 6 months (me not trading full time) and he’s definitely winning more than 85% of his trades. Seems to be a master on Gold trades! Is contactable directly for any queries or issues and is a pleasant individual to deal with.

September 4, 2024
Unprompted review

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