Falcon FX Review – Scam Or Legit Training?

Falcon FX claims they can help you become a fully funded forex trader.

Is this a legit opportunity or a scam?

We'll explore this question in this review.

Additionally, you'll see any red flags that I find, get an overview of what you get, and more.

You'll know if Falcon FX is worth your time or not by the time you're done reading.

Let's get started!

Don't Get Involved With Day Trading (Rant)

Alright lol..

Every time I do a review of a service like Falcon FX, I have to talk about day trading, technical analysis, and all the other things Falcon FX does.

You can't understand my position on Falcon FX unless you read this entire section.

Falcon FX focuses on day trading forex and using technical analysis.

Here's an image of what I mean:

Basically, you look at patterns of price movement for an asset and then make trades based on recurring patterns.

Believers in technical analysis believe prices move in the same pattern, and by learning certain patterns, you can essentially guess what the price is going to be.

The only problem is that this is all essentially BS, and you'll never be able to consistently win trades doing stuff like this.

Studies have followed hundreds of thousands of traders using these methods, and they all come to the same conclusion.

Which is about 99% of people who day trade fail:

This all comes down to the flawed idea that you can guess where an asset's price is going to be in a few hours or a few days.

It's hard enough to guess where an asset will be in a few years, but in a few hours, it's basically impossible.

Just think about how many factors there are that can affect a country's currency.

Do you really think you can develop a system that can predict hourly movements in the price?

And it's not just me or some egghead scientists who are against day traders.

All serious investors are against day trading and technical analysis.

Warren Buffet has said several times it doesn't work:

No serious investment bank uses technical analysis either.

I promise you, if technical analysis worked, these institutions would be doing it.

But they all focus on long-term investing instead, which is proven to make you around 12% returns every year.

Compare this to the average day trader, who loses 30% every year.

Hopefully this all makes sense to you because it's very important that you understand everything I say in this section.

The only day traders making money are the ones selling courses and training programs.

The real investors (the ones actually making money) invest for the long term.

Recommended: The Best Place To Get Long Term Stock Picks

Who Is Mark Hutchinson?

There's really not much out there on Mark Hutchinson, and he reveals very little about his background, which is a red flag.

He asserts that the recession in 2008 made him "redundant," and as a result, he started day trading.

But Mark doesn't talk about his experience before day trading or how he learned about the foreign exchange market.

He does have a YouTube channel with around 100,000 subscribers, and you can get some insights into his life.

The main insight I got from his videos is that Falcon FX has been very profitable for him.

If you watch his "day in the life of a forex trader" video, you'll see he's making a ton of money and living nice (English country house, amazing property, new car, sick pool):

So what are the odds that this is mostly from day trading and forex?

I'd say about 0.00001%.

Like I said in the last section, 1% of day traders make more than the minimum wage.

To live like this off of forex would be extremely rare.

But selling training programs and getting monthly subscriptions from your forex service?

Well, all you'd need are 500 members paying $97 per month to make around $50,000 per month.

And that kind of money can have you living like Mark is in the video above.

So my guess is that Hutchinson makes the majority of his money off Falcon FX and not actually trading.

What Is Falcon FX Offering?

Falcon FX is offering what most of these try-to-get funded services offer.

This includes:

• Training series to teach you trend trading forex
• Market breakdowns
• Trade recaps
• Monthly webinars
• Community 
• Member-only meetups

The goal here is to get you a job at a prop firm as a funded trader.

A funded trader is someone who trades with someone else's capital.

In order to work for a prop firm, you'll have to pass a series of challenges, and once you pass, you'll be given rules to follow for your trades.

For example, you'll have to be a certain amount profitable, not have a certain amount of losing days, never lose a certain amount in a day, etc.

You'll earn a portion of the profits that you make as a funded trader.

So it's much like a commission-based job.

Overall, the goal would be to trade for yourself.

So learn the concepts, get funded, and then make enough to trade currencies on your own.

It's a long road, and the odds will be stacked against you.

Falcon FX FAQ's

Still have questions about Falcon FX?

Here are the answers to any remaining questions you might have:

1) Is the price fair at Falcon FX?

I do actually think the price is fair for what you're getting.

I've seen day trading communities offer similar things that cost $5000 per year or $500 per month.

Just ridiculous prices like that.

So $97 isn't that big of an investment every month, and you can try it for a month for only $97 to see if it's for you.

2) Are there refunds?

No, there is not.

So make sure that you really want this service if you plan on paying for the year upfront.

Otherwise, you're going to be out $1000 if you're not happy.

3) What is the strategy?

The strategy here is to use technical analysis and chart trends to day trade forex.

This is a really bad idea, and as we discussed earlier, none of the big boys on Wall Street do stuff like this.

If it worked, I promise you, they'd do it.

It's a gimmicky way to invest and may work here and there, but never in the long run.

If you want to trade foreign currencies, trade them for the long term.

4) Is Mark Hutchinson legit?

It's really hard to tell.

He gives no background information or goes over his experience.

On top of that, he doesn't have a track record to look at or keep track of his trades.

Who even knows if he's actually trading or just virtually trading?

Hutchinson wouldn't be the first forex guru to fake his trades.

5) How do I get started?

I guess since you're trying to get funded, you don't need anything besides the cost of the Falcon FX service.

You can just paper trade until you can pass the funding challenges.

But if you wanted to trade forex professionally to make a living,

You'd probably need like a million dollars, to be completely honest.

Recommended: The Best Place To Get Long Term Stock Picks

Final Thoughts

Whenever I review programs like this, people inevitably leave nasty comments and react badly to what I have to say.

My response is always the same: "How much have you made from day trading?

I usually don't get an answer.

If you've ever read Plato's cave allegory, you can expect people to lash out when you tell them the truth.

The day traders make it seem like they're living the life, and they're very persuasive.

I know Mark Hutchinson is

He's got the shiny new Range Rover, the beautiful home, the tasteful in-ground pool, etc.

Mark is a rich man.

But I highly doubt it's from actually trading forex.

Mark likely makes his money the same way all day trading gurus do: by selling a dream.

This is why you don't see a trading track record or any proof that Mark is a successful trader.

The truth would spoil the dream.

The good news is that there are legitimate investing strategies that can help you make money.

The best will always be long-term investing.

To see my favorite long-term investing newsletter (that's very affordable), click below: