BlackEdge FX Review

BlackEdge FX is a software based trading system that comes from a well-respected and heavily followed private Forex trader who has been in the trading, coaching, and mentoring game since 2012. It is billed as a one-stop shop, simple to understand and utilize Forex trade pumping machine that anyone can learn how to use in only a few hours. The founder of the software and membership-based subscription service strongly believes in the old adage “Keep It Simple.”

In this review we will consider the who, what, how, and why of this interesting software program and other parts of the subscription service and system that come along with it so that you can make a personal decision as to whether it is worth the significant price tag and will deliver enough value for money in your own Forex trading strategy.

Who Is Behind BlackEdge FX?

The professional Forex trader Josh Taylor is the mastermind behind the BlackEdge FX software and subscription service. Taylor claims a significant twelve years worth of trading experience in the Foreign Exchange trading universe. As part of what he does, Josh is not only a full time trader for a living. He is also a long-time Forex mentor and personal trading coach since 2011.

It is a little disconcerting to us that you can not find a wealth of information on Josh Taylor across the Internet review space as you might with major competitors Russ Horn, Vladimir Ribakov, or Marc Walton. Most of what we know about Josh Taylor comes from the self- created hour long webinar that Taylor puts out himself. A few reviewers claims that he has a signals service with over 5,000 monthly membership-based subscribers, which is certainly impressive. The same sites call his trading tools “innovative.”

Josh has been running a signals service since 2012, though his proprietary software the BlackEdge FX and FX Pro only dates back to 2015. He claims that overwhelming demand from his thousands and thousands of students led him to start this software program research and development. Certainly Taylor is enthusiastic about his newest product which has been referred to as the leading edge of Forex prediction in the last several years. His passion for what he is doing clearly comes across in his free informational webinar.

What is BlackEdge FX? Is it a Scam?

In short: it is NOT a scam. BlackEdge FX Forex trading is primarily a software program product that runs on Meta Trader 4. Josh Taylor brags about how simple this software is for either beginners or experienced traders to install and use. He has independent review sites that talk about his more than 5,000 paying subscribers of his service. He himself claims to have counted literally thousands and thousands of students since 2011/2012.They have hailed from across the major Forex trading countries of the world, including the United Kingdom, the United States, Australia, Canada, New Zealand, South Africa, and others.

Besides these claims (which appear to be verified by the independent Forex service review space), BlackEdge FX also has the full backing of a website membership administration and management company called ClickBetter which runs their membership and handles their refund policy on their behalf. They promise that if you are unsatisfied with the service for any reason whatsoever, ClickBetter will cheerfully refund your invested money in the program with no questions asked or hassles.

It provides you with confidence in the unconditional 60 day money back guarantee for the software program and subscription service with its signal-generating entry and exit points into various Forex currency trading pairs. Thanks to ClickBetter guaranteeing and directly backing any refund requests with their promise of 100 percent satisfaction or a full cost money back refund, you can enjoy complete confidence in taking advantage of this recommended service for the offered 60 days trial period.

Like with the vast majority of reputable services, the BlackEdge FX team recommends that you either paper trade or live demo account trade the trading recommendations until you feel comfortable with their calls and results.

Who Is This BlackEdge FX System Specifically Designed For?

BlackEdge FX claims to work for everybody except for the most successful and skilled of Foreign Exchange market traders. These individuals are already successful at what they do and will not find the software or educational components of the program necessary in their various trading endeavors.

Yet despite this admission, the company does make the bold claim that this service and program is intended for everyone else in the Forex universe.  This includes everyone ranging from investors and traders who only started today on up to those hedge fund traders who are true pros but still feel they could improve. BlackEdge FX argues that no Forex trading experience or background knowledge at all is necessary to set up and begin deploying the program and trades. Taylor himself boasts that some of their new members already have considerable Forex trading experience and background and only want to better their skills.

It is quite possibly the truth that they actually do cater to traders of many different skill levels, yet the focus on simplicity and ease of use means that they are oriented towards true novices in this style of trading. The turnkey software program specifically pumps out all key parameters of the trade. Getting started really is as simple as setting up the new trading station and charting software program. They make this so very easy with their provided two tutorials on setting up the system and the basics of trading using the software program-generated entry and exit signals.

What You Receive With BlackEdge FX

The BlackEdge FX package includes all of the following with it:

• The BlackEdge FX Software
• Continuous Software Upgrades as they become available
• BlackEdge FX Meta Trader 4 Compatible Charts
• Huge trading library teaching you how to trade
• Automatic upgrade to BlackEdge Pro initially meant for VIP clients ($2,997 cost to them when the VIPs bought it before)
• Secret Indicator (additional $997 for the VIP clients in the past)
• BlackEdge Pro FX Template ($97 value) – the preset template initially sets up the charts for you
• 30 Days of Josh’s personal trades – sent to you every day ($97 per month value)
• Complete FX background and trading course ($997 value) – more than 40 hours of videos created and hosted by Josh over several years, which he has sold since 2012
• FX Range Trading Course ($297 value) – explains how Taylor trades the market ranges in a several hour course, useful for longer term swing trading
• Phone consultations with the team and short term coaching ($1,997 value) – to help you to address and overcome whatever your personal struggles are with Forex trading
• Online access to all members-only sections of the service
• Team member provided technical support as necessary

BlackEdge FX members really love all the bonuses that Josh throws in with the lifetime membership deal. We counted seven different bonuses the BlackEdge FX service team are including when you subscribe from the hour long free informational webinar based offer.

How BlackEdge FX Works

The BlackEdge FX software works utilizing a not so transparent proprietary combination of supports, resistances, trends, and other indicators. Taylor’s bars each represent eight pips. His system and software is using one and two minute time frames to derive his chart patterns. Taylor stresses that they do not trade these time frames in a “drive you crazy” form of scalping though.

The software system itself pumps out all of the trade recommendations, so that all you have to do is to enter them and then set up the 32 pip stops. You just have to set up the BlackEdge FX charting program in Meta Trader 4. Below are several of the snapshots from a few of the charting program layouts:

For a system with such a large following, the inner workings of the proprietary program are certainly a closely guarded secret.

The BlackEdge FX system and chart generating program works with all currency pairs that Meta Trader 4 handles. Josh Taylor says that you can be running 20 pairs at a time with this software. He does not say if there is a limit to which pairs you can track and trade. In any case, the ability to follow 20 pairs at a single time means that you should have no shortage whatsoever in finding plenty of trading entry and exit signals with this service.

On the rest of this page, we will briefly go through the various components and costs of the BlackEdge FX prediction and education trading service.

What Sets BlackEdge FX Apart From Other Competing Products?

BlackEdge FX’s  most unique feature by far centers on their proprietary software program and the charts it generates. There are other companies that similarly offer software programs for predicting FX currency pair trades. This one distinguishes itself with a wealth of upgrades and additional indicators which you can have overlaid on the basic software program functionality. When you order the service after watching their free approximately one hour long webinar, hosted by Josh Taylor himself, then you receive all of these extras at no additional charge. We will go through all of these benefits and offerings in more detail later on in the review.

As far as other differentiating facets of this subscription-based service and program go, Taylor counts an impressive more than 2,000 subscribers who are in his VIP program (above the larger 5,000 individual traders enrolled in his standard BlackEdge FX basic membership). He takes great pride in the fact that you can learn his system in under two hours of applying yourself. The training course for getting set up and started takes half an hour to watch.

Besides this, BlackEdge FX claims that their staff are actual full time professional FX traders and not marketers. Taylor himself believes that those Forex systems which are truly successful are always intrinsically simple. This is the reason that their system permits you to enter profitable trades through applying yourself for only several minutes worth of time commitment each day.

A good system also has to have a higher success rate and win to loss ratio for it to help novice traders succeed. Taylor claims that their success rate on FX trades is an incredibly high 80 percent. Their average win to loss ratio amounts to 2.77 times the 32 pip stop loss they use standard on trades. Another unique set of characteristics to the system is that they do not expect you to take on every single trade, but instead only as many as you desire.

The staff of BlackEdge FX are big believers in not sitting glued to the charts all day or all session long. They feel you should only trade when and as long as you feel comfortable. Your trading should revolve around your life with their system. It helps to explain their emphasis on a software program which is both extremely easy to initially set up and to utilize once you have it up and running.

BlackEdge FX Offerings

The BlackEdge FX provides you with various products and a range of services which include all of the following:

• The BlackEdge FX trade signal generating software
• Continuous software upgrades as ready
• All BlackEdge FX Meta Trader 4 Compatible Charts and the ability to follow even 20 pairs at a time
• The vast trading library which teaches you how to trade
• Automatic upgrade to the BlackEdge Pro originally meant for VIP clients ($2,997 cost when the VIPs bought it previously)
• The proprietary Secret Indicator (an additional $997 for the VIP clients who wanted it included in the past)
• BlackEdge Pro FX Template ($97 value) – preset template sets up the charts for you so that you can start trading almost immediately and without any setup confusion
• 30 Days of Josh’s personal trades – these are dispatched to you every day ($97 per month value)
• Taylor’s complete FX Course ($997 value) – more than 40 hours of videos created and hosted by Josh over several years; they have been selling this impressive Forex course since the year 2012
• FX Range Trading Course ($297 value) – explains how Josh Taylor trades the market ranges in a several hour course, and is more useful for longer-term swing trading strategies
• Phone Consultation(s) with the team and short-term coaching package ($1,997 value) – help you with whatever your personal issues and difficulties in Forex trading are
• Online access to all members-only sections of the service
• Team member-provided technical support as needed and requested

BlackEdge FX Cost and Refund Policies

The BlackEdge FX system retails for $997 as a lifetime membership when you pay upfront in a single lump sum. If you prefer to pay in split payments over four months, the cost rises to  $297 per month, or $1,188 for the same lifetime valid membership. This represents a 16 percent discount for the one time lump sum prepayment offer.

The best part of the service, software, and program is that you are paying to try it out risk-free because of the confidence instilling ClickBetter-administered guarantee of an on-demand and no-questions asked 60 days, 100 percent refund cancellation policy. It means that you can confidently try out their well-reviewed and -regarded mentoring, coaching, and trading signals service for as long as two months without any downside risks.

This certainly speaks volumes about the confidence of founder Josh Taylor and company in their proprietary signal generating BlackEdge FX Pro program. They are effectively allowing you to use the service for two months without fully financially committing to the subscription-based service. It should also give you the peace of mind to sleep at night after delivering the $1,000 considerable subscription service fee to a program like this while you paper trade or live demo trade their program and charts generated signals.

Final Take Away – Cost Versus Value of BlackEdge FX

At a quite significant $997 lump sum for a lifetime membership, we can recommend this service because of the 60 day money back guarantee provided by ClickBetter. At these prices, we would prefer to see some weekly video analyses of the Forex world, markets, and currency pairs alongside the considerable educational materials they claim to provide. More interaction with the creator of the system and service would be better as well.

In general though, this is a good system solely based on the reputed strength of the program which promises an astounding 80 percent success rate of trades and 2.77 wins to losses ratio. If you find that these statistics work out personally in your own results with the system and software program, then the hefty service price tag is worth the money they are asking.