Forex Bulls Signals Telegram Channel Review: How Its Free Signals Are Actually a Losing Strategy

Forex Bulls Signals is an active Telegram channel with over 22,700 subscribers, averaging 3,300 views per post. Established on December 3, 2021, the channel focuses on trading Gold (XAU/USD) and offers free signals as well as promotion of a premium VIP channel.

After analyzing its signals, management, and strategies, as well as conducting a back-test of their recent 6-month history, we concluded that Forex Bulls Signals is a scam channel that hides losses through its trading methods and manipulates its subscribers.

Channel Overview:

Telegram Channel Link - https://t.me/imranwithtrare71

Feature	Details
Channel Name	Forex Bulls Signals
Operated Since	December 3, 2021
Subscribers	22,740
Avg. Posts / Day	~15
Avg. Views / Post	~3,300
Main Market	Gold (XAU/USD)
Trading Style	Scalping
Trading Sessions	Asia Session & New York Session
Free Signals / Day	1–2
6-Month Win Rate (Free Signals)	31%
Free Education	No (despite misleading claims)
Paid Service	Premium VIP channel (no subscription bot)
Real Person / Face	No

Signal Format Analysis: What Attracts New Subscribers

Here is an example of a typical free signal provided by Forex Bulls Signals channel:

GOLD BUY 4694-4695

TP 4701

TP 4720

SL 4688

Some signals are market orders, while some signals are limit orders.

TP 1 is 60 pips, TP 2 is 150 pips, SL is 70 pips.

While it may seem like a proper signal structure, it is not the case at all.

Risk Management: How a 31% Winning Rate Can Destroy Your Account

We tested the performance of every free forecast from the past six months. The average winning rate is 31%.

Let’s calculate the risk-to-reward reality:

• Risking 1% of your account balance per trade, you would make 0.45% from a winning trade (since TP2 is 150 pips vs. 70 pip SL, but only 31% of trades hit TP2).

  
  

• You will need 3 winning trades to recover from one losing trade.

  
  

With a 31% win rate, the math is brutal:

• For every 10 trades: ~3 winners (+1.35%), ~7 losers (-7%).

  
  

• Net result: -5.65% over 10 trades.

  
  

Conclusion: Following these signals, you will lose more than you will win.

"Limit Order": An Obvious Sign That the Signals Should Not Be Trusted

The practice of handling limit orders on Forex Bulls Signals channel is highly questionable, especially when looking into the details:

When Limit order signals are provided, many of them will never get triggered. As the justification that the trade became active, the channel's authors would say things like that: '𝗪𝗵𝗲𝗻 𝗚𝗼𝗹𝗱 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗲𝘀 𝗼𝘂𝗿 𝗲𝗻𝘁𝗿𝘆 𝗹𝗶𝗺𝗶𝘁, 𝗱𝗼𝗻’𝘁 𝘄𝗮𝗶𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗲𝘅𝗮𝗰𝘁 𝗽𝗼𝗶𝗻𝘁 𝗲𝗻𝘁𝗲𝗿 𝟰 𝘁𝗼 𝟮 𝗽𝗶𝗽𝘀 𝗺𝗮𝗻𝘂𝗮𝗹𝗹𝘆 𝗲𝗮𝗿𝗹𝗶𝗲𝗿.'

This is called retroactive story-telling: the authors take credit for a limit order that was never actually filled because their readers manually adjusted the entry point to trigger a signal. Moreover, it shifts the entire risk burden on the subscriber, while making a profit.

Misleading Claim: Trading Theory Is Not Equivalent to a Profitable Strategy

Good thing about this free Gold signals Telegram channel is that it provides a lot of free education with basic-to-advanced SMC trading theory and a complete breakdown of some of the profitable setups. The problem is that it uses educational materials to hide the poor performance of free signals that are provided.

This is yet another trick used by Forex Bulls Signals channel: they offer educational materials and trading theory for Gold to build confidence among its subscribers while hiding losses of their free signals in the market. It works perfectly fine, since many inexperienced traders focus on educational material without realizing that it will not help them make a profit.

Warning: Premium Signals Are Equally Poor

It is crucial to understand that free signals are forwarded from their VIP channel. Therefore, the free and VIP channel performance is the same. There is no additional benefit of becoming a paying member.

Final Verdict: Scam Channel

In summary, Forex Bulls Signals is a scam channel, which uses:

• Frequent posts to create activity

  
  

• Trading educational material to build trust

  
  

• Limit orders to fake successful trades

  
  

• Poor winning rate of 31%

  
  

0/10 TRUST SCORE

Do not subscribe to Forex Bulls Signals' free channel and do not become a paying member. Trading according to their signals and especially during Asian and US session in Gold will inevitably cause losses.