transparentfxtrading.com

Nik is THE BEST,
I have been in other programs Like Astro and falcon, and all I can say is that Nik is just the next level, he answers all questions every day and what surprised me is that he answers questions also Saturday and Sunday!!!
The strategies are great and the market breakdowns help you catch the exact same trades that he places. We are currently in 10R profit for the month.
The negative reviews on this page I can't understand how they could possibly be here, my only reasoning is that they might come from competitors or someone that fell for the fake website that was created using Niks logo from a competitor selling a fake program.

In an industry full of scammers, Nik is the only real one out there, no show-of and pure work ethic, giving to his students exactly what they need in order to succeed, and if you have the courage to say anything against him, it means you either didn't understand the simple rules of the strategies ( and from the Q&Ais pretty simple to see many people don't understand the simplest concepts) or you are simply a competitor trying to damage Niks reputation which is disgusting. No worries Nik, we got your back

Not only Nik teaches the best strategies, but he also answers every questions every single day, and HE SHOWS YOU EVERY DAY HOW TO TAKE THE TRADES THAT HE IS TAKING, so reading reviews from people that say that the mentorship program is only about backtesting makes me understand how they are not even in the mentorship program, but simply competitors I believe.
And this is sickening because Nik is literally the BEST and puts so much passion in everything he does, and it's not the first program I join, so I know how to distinguish the Best from the rest

Two stars because he is a good teacher.
But his strategies, expecially the new one, don't reach the exceptional results he says.
It is simply to backtest past data and to show how great results you can obtain, but if you do many and serious backtests you realize that you have wasted a lot of time.
The new strategy costs about 600 euro:
600 x 1000 students = 600.000 euro..much better to sell than to trade

The strategies are incredibly profitable, especially the new day trading strategy, I have been a member for more than 1 year, and Niks mentorship program is simply amazing. He works every single day, answers all questions every day, and creates and delivers incredible strategies. For those speaking bad about him, probably you didn't even understand the rules, all of us that understood the rules are profitable and can prove it with verified results.
You are the best Nik keep doing what you do

The quality of Niks service is simply out of scale, he under-promised and over-delivered exactly as he always says. Not only his strategies are amazing, but he also shows you every day how to apply them in Live market situations as well as answering all my questions and questions of other students every day.
The only reason for which I can possibly think that a person might give a bad review to his program is either because they are a competitor, or because they fell for the fake website scam that was created using the transparent FX logo. Keep doing what you do Nik

When I first saw Nik's videos on YT and his free content on tradingview I really thought that he is different. I am naturally sceptical of people selling any courses in a field they claim to be an expert in, because it does not make sense that they would need to sell a course if they are good at what they are doing already. But I though that he might not only be after the money from the course sales, that he is not only inspired by money and actually tries to help people. Yet, he disappoints. I actually backtested the strategy for an entire 6 months, and it seemingly worked. I was in in the green. What people don't understand, however, is that backtesting is not sufficiently correlated to what will happen in the future. When backtesting, you only see what would have happened in HINDSIGHT. Its the same thing with chart patterns. When you look back you see, for example, only the H&S that worked out, but the ones that didn't don't catch your eye. Anyway, as you might guess, when forward testing the strategy it kinda breaks down. Even with at least 1:3 RR on each trade, the strategy does not seem to be profitable. Its always fluctuates and in the aggregate, you break even. And I forward tested for another 6 months. With the cheat sheet and all the rules - it is not sufficiently profitable.
This explains why he has to sell these courses for such a high price - he cannot make money from trading himself. And myfxbook results can so easily be faked nowadays. If you want to believe that he is profitable, don't be satisfied with myfxbook, ask for a signed brokerage statement regarding all of his accounts he has had since selling the course. And make sure that the statement confirms that its all of them, otherwise he can just show one account that is profitable.

The problem is that many people believe the strategy because Nik either asks them to write a good review, or the people giving good feedback only did the strategy for like one week and not over an entire year like I did. And not only that: don't believe ANY good reviews, because apparently he fakes them even here on trustpilot. If you need proof of that just go on https://imgur. com/a/2JPx1w8? and you'll see and example review that is clearly faked by himself. Therefore if I were you, I would not trust any future or past review that is overly positive - the people either don't have tested the strategy for an entire year or its a fake review from Nik himself.

I still think this was a good lesson for me - because I learned a lot of things which I should not do when entering into forex, such as buying extremely overpriced courses and believing that good forex traders actually need to sell them. Because there is better information available on the internet, which can help you build your own strategy. But of course, if you want to make a lot of money in a short time, don't develop a strategy. Just sell a forex course and get in as many people as possible.

I noticed there is 1 negative review here, but from a person that clearly did not even join the new strategy, its just INSANE.
Speaking about Nik as he is one of the other marketers out there makes no sense, not only he answers every single question we have every single day, but he also provided with the area 51 probably the best strategy out there, and I HAVE ACTUALLY JOINED. Next time guys, before giving a review, at least first join the course Hahaha, it doesn't make much sense otherwise.
And the swing trading strategies are VERY good as well, I have been consistent with them after learning them for 6 months already, and yes I do have a myfxbook to prove it.

The bad reviews of this trading course seem to get systematically removed, which should raise all your red flags. This guy pretends to have your best interest in mind, and then takes your money and does not deliver anything of value. Everything, literally EVERYTHING in this course are methods which are used by millions of traders and are all over the internet. Market patterns, Impulse correction movements, Fibonacci levels, the „magic“ market numbers .20, .80 and .50, that‘s it. Its a shame that someone tries to be different from scammers but then turns into one himself. And he‘s getting really greedy. He once claimed he would NEVER upsell to his students, because he has so much „integrity“ and is soooo „trustworthy“. And yet, he started to upsell as every simplistic marketer does and he probably will continue doing so. Even more ridiculous is that he claim, EXACTLY like all the scammers out there, that this new strategy is some sort „secret“ and he only sells it „confidentially“. But if you‘re not a complete moron you know that if a strategy is incredibly good, you don‘t sell it to ANYONE.
Bottom line: initially he tried to be the „good guy“, now he‘s just like every other forex guru out there, trying to get into your pocket and take your money, because he can‘t make money from actual trading himself.

The only reason I am sharing this review is that I stumbled upon a negative review about Nik and his program, and I just could not tolerate it. This is the BEST program I have ever took, and I have taken other 5, Nik is always there to answer all questions every single day, including the weekends as he promised. I have been in the program for 1 year, and I am consistently profitable, so you probably don't even seem to understand the strategies from what you are saying, and you probably didn't even test them or looked up at the track record of the strategies. I can share my myfxbook to prove it don't worry, contact me. Regarding the new program, I am sure Nik will continue to deliver the best strategies as he always did.

“He who can does; he who cannot, teaches” goes a famous quote, which could not be more true in the world of trading educators. As with many forex "educators", this one is one of the worst kind. He uses a "transparency" marketing trick to make the impression that he is actually legit. He claims to "protect" newbies from rip-off schemes and shady forex gurus, while actually taking advantage of the people's desperation. The website is designed in a way that makes people think "wow, this guy knows what he is doing and he seems not to be one of those wannabe traders who only profit from people buying their courses". Well, guess what. This one is no different. If someone markets the hell out of his trading website, it is highly likely because not trading, but the course sales are his main source of income. And if you believe some faked myfxbook results, or even worse, some MT4 screenshots, you're nothing but naive. Successful traders don't need to sell courses. Period. And claiming to be legit and different from "scammers", while being no better oneself to take advantage of people's trust shows how ruthlessly greedy people can be, without any trace of morality or ethics.
And regarding the all screenshots of answers from "successful" students; do you realise that literally EVERY forex "educator" posts tons of those daily? Even if they are real (and most of them aren't), its a classical case of a mixture of Denial and Stockholm Syndrome. If you spend a lot of money on a course and realise that what you got in return is utter nonsense, you psychologically try to deny the mistake that you have done; while claiming that you made "profits" towards your "mentor" for approval.
The funny thing is that people are stupid enough to believe that the trading methods he uses actually work. These methods are totally prosaic, and won't even work slightly in a world where 95% of forex trading is done by algorithms that were developed over years by incredibly smart people. You cannot outsmart such an algorithm with some fibonacci, trendlines, S&R and certain numbers in the market. These methods were based on human psychology, which might have worked 20 years ago - but not in the year 2020. And when a trader realises his strategy does not work, what does he do? He makes a course, selling the dreams of becoming a forex trader. A brilliant analogy is the gold rush from 1948-1955. The people who got rich were not the ones digging for gold - but the ones selling the shovels. Further, all these trading methods used in the strategy are actually proven wrong through statistical analyses by wall street analysts. A very interesting read is for example "Trendlines Are Mathematically Absurd" by senior strategist Kevin Brent Cook. Even more importantly, the fibonacci levels were proven by data to not hold. The problem is, that in HINDSIGHT, one can always "filter out" points where the price bounced off some fibonacci levels. For more information why fibonacci is complete nonsense in TODAY'S world of trading, read Arthur Merill's Book "Filtered Waves", where he statistically proves that there is no reliable way that the 50%, 23.6%, 38.2% or 61.8% levels have any significance with regard to price behaviour.

I actually tracked the results of his "signals" he provides in the group. The overall gain is -0.25%, which he hides by only taking the winning trades into is evaluation. To further show how greedy this "educator" is consider that he recently published a "secret" program for students only, where he claims to have made a 670% gain in one and a half months. If that doesn't ring all your alarm bells, you're a lost case. Even more ironically he once said he lives by the principle, "I don't upsell to my students", just to gain trust. A principle that he apparently now discarded due to his greed, further proving the point that he makes his income from the course and not the actual trading.

Please don't fall for this like I did.
E. R.

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