SwingTradingLab Review: A Glamorous Scam Masquerading as a Forex Signal Telegram Channel
- Anna Taimes
- Jul 18
- 3 min read
Forex trading is a world full of self-styled "gurus" who guarantee huge gains but end up providing little value. One such platform is SwingTradingLab, a Telegram channel operated by Alex G. The channel has more than 215,000 subscribers and seems successful on the surface—but a closer examination shows deceitful signals, pretended wealth shows, and textbook scam methods.
Channel Overview
Telegram Channel Link - https://t.me/alexsetandforget
Feature | Details |
Channel Name | SwingTradingLab |
Launch Date | March 13, 2021 |
Subscribers | 215,269 (large audience, likely real due to high engagement) |
Post Frequency | ~1 post per day (low activity) |
Average Views | ~80,000 per post (indicative of real, but possibly misled, followers) |
Social Media Presence | Instagram, YouTube, website |
Main Content | Forex signals, trade updates, luxury lifestyle posts (cars, jets, wealth) |
Free Signals Provided | Occasionally (1-2 signals, not daily) – very low quality |
Winning Rate (Free Signals) | Only 32% (based on 7-month backtest) |
Trading Style | Swing trading (daily timeframe), London session focus |
Paid Services | "G VIP Club" (no subscription bot, manual payment likely) |
Owner | Alex G (real face, but credibility questionable) |
Critical Analysis: Why This Channel is Likely a Scam
1. Poor Signal Quality & False Profit Claims
Despite presenting itself as a professional trading channel, SwingTradingLab’s free signals are unreliable:
Only 32% win rate (a losing strategy long-term).
Signals do not have analysis (no entry logic, risk management, or explanations).
Take-profit levels are seldom reached, but the channel markets them as profitable.
This indicates that Alex G is not a profitable trader—in fact, he employs these signals as bait to lure subscribers into his paid VIP group.
2. Bogus Guru Strategies – Wealth Display rather than Actual Trading Evidence
Alex G makes extensive use of luxury lifestyle marketing (private jets, sports cars, high-end watches) to present the illusion of success. This is a traditional scam tactic:
Real traders demonstrate profitability through audited track records, not with glossy pictures.
Scammers utilize displays of wealth to dupe followers into thinking they can become rich overnight.
No transparency—no actual evidence his trading makes money(probably makes money from VIP subscriptions).
3. No Free Education – Just Hype & Paid Services
A genuine trading educator gives away free value (analysis, tutorials, market commentary). But:
SwingTradingLab has no free educational content—only signals and luxury posts.
The actual purpose appears to be upselling the "G Club", where customers presumably pay for equally poor-quality signals.
No automated bot for subscriptions, raising concerns about payment security.
4. Deceiving Followers with Half-Truths
The channel frequently shares partial profit screenshots without mentioning losing trades, making it seem like they are succeeding. Most scammers apply this trick to:
Increase credibility without actual trading evidence.
Get more users signed up for VIP services (where they can lose money).
Final Verdict: Avoid This Channel
SwingTradingLab has several red flags of a scam trading channel:
✅ Fake Guru Persona – Utilizes high-end props to look successful.
✅ Low-Quality Signals – 32% win rate is worse than random guessing.
✅ No Real Education – Nothing but signals and paid upsells.
✅ Misleading Marketing – Shows off wealth rather than proven trading results.
0/10 TRUST SCORE
Who Would Still Be Watching This Channel?
New traders fooled by the luxury lifestyle illusion.
Individuals seeking get-rich-quick opportunities (who can later become part of the VIP).
Those who appreciate the "luxury influencer" posts (though not necessarily for actual trading tips).
Our Recommendation:
❌ Don't trust SwingTradingLab's signals—they are statistically losing trades.
❌ Steer clear of VIP services—probably a cash grab with no legitimate trading advantage.
✅ Look for open teachers with proven records and actual educational material.
Conclusion: A scam-prone high-risk channel. Avoid it if you care about your trading capital. 🚨🚨🚨
