Anybody heard of CWL

Chris, quick question - when you're waiting to buy at the bottom of an up-slope, how do you know an up-slope is coming and that it's not a down-slope? Equally, how do you know when to sell (top of slope) and that you're not at the bottom of a slope that's just about to rise? Isn't this what all traders are busy trying to figure out all day, every day?

runwaychris wrote: »

What else should I be doing to complete due diligence of this product?

Brain scan, could be a tumour pressing against the part of the brain that maintains basic intelligence perhaps? Get checked out first thing.

According to their spokesperson they are able to better predict rises and falls using data collected over ten years.

10 years in which highly unusual events occurred and you would need to go back 80 years to find similarities. Data goes back much further and is available to all.

So how about me asking for the software free of charge? After 2 years of trading with an investment of 2k they "guarantee " I will have 30k profit.

They make money selling mugs the software.

I will have 30k profit. So then I will pay them for the software from my profits.??

You wont have 30k profit. So, you can forget that idea.

Give it up.

runwaychris wrote: »

According to their spokesperson they are able to better predict rises and falls using data collected over ten years. So how about me asking for the software free of charge? After 2 years of trading with an investment of 2k they "guarantee " I will have 30k profit. So then I will pay them for the software from my profits.??? Rather than paying upfront....Risk to me is 2k which I hold in a trading account and is liquid. Risk to them is greater if I don't make the profits they suggest......

You should definitely ask CWL why they don't offer to give you the software in exchange for, say, 10% of all your profits. This would be much more profitable for them because they'd have £3,000 after two years rather than £2,000 and an income stream which would continue for life. And you'd be happy because you'd still have £25,000 of free money.

The OP may well be consulting other forums such as this thread which is one of the first that appears on Google for "CWL trading" along with a similar thread on an apparently different forum. It seems to be full of helpful people who appear far less cynical than we about CWL's software. However, it is interesting to note that even though the various helpful members all have postcounts in the hundreds or thousands, when you do a search for "site: onlinemoneytalks.com" plus their username, only that one single thread appears, despite the fact that they supposedly have thousands of other posts on the site.

There are plenty of other forums on both sites although it takes a bit of effort to find them as many links either send you to a sign up page or are bizarrely misdirected to "javascript://". However, another Google search reveals that every single other thread on those sites which isn't about CWL trading software has been lifted from our own MoneySavingExpert forums, but with the posters' names changed.

So in summary, you are considering buying software from people whose threads appear on fake forums which have been set up by stealing threads from MoneySavingExpert wholesale, with an added thread full of non-existent fake posters saying how great CWL is, apparently to con anyone who is Googling CWL trading software into thinking that other people are using it successfully. Good luck.