Royal Trading LoungeWe operate a Telegram-based business where we provide market alerts primarily as educational content. Our goal is to educate and empower our subscribers by offering insights into the forex market, helping them understand and interpret market trends and signals. These alerts are intended to serve as a learning tool, enabling our users to make informed decisions and develop their own trading strategies. By focusing on education, we aim to foster a community of knowledgeable and confident traders who can navigate the complexities of the forex market with greater skill and understanding.
Royal Trading Lounge (royaltradinglounge.com) has 43 customer reviews on Five Star Index, with an average rating of 3.6 out of 5.
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Investments & Wealth · NEW YORK, New York
Excellent
Investments & Wealth · Seal Beach, California
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Investments & Wealth · New York, New York
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Investments & Wealth · Conyers, Georgia
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43 approved reviews, newest moderated first
Immanuel B.
Overall the service is really good. Most importantly, the team is honest regarding the losses they incur throughout the week by not only forwarding the wins to the free group but also the losses. I think that this is an important practice that more providers need to implement as it shows the reality of trading.
Max
Recently every Gold signals are consistenly wrong. I know in trading 1 or 2 SL is reasonable but consistently giving false signals is not understandable. I would not recommanded.
Response from Royal Trading LoungeNov 12, 2024
Thank you for your feedback. We understand how frustrating it can be when signals consistently miss the mark. Please note that we don't control outcomes of any trade. We took a few losses on Gold yesterday that were acknowledged. We also sent a few recoveries that have much more pips than the losses i.e SPX500 buy sent at 3:30 PM that is running 100 pips (at the time of this response), NAS100 running 600 pips (at the time of this response), US30 tp3 of 1,300 pips. We're actively working to improve the quality and reliability of our signals, and your feedback helps guide those efforts. If you'd like, feel free to share specific instances where the signals have been off, and we can look into them to better understand the issue. We appreciate your honesty and are committed to making improvements. Thank you, Royal Trading Lounge
Fernando V.
Unfortunately, they are not as they claim to be. I traded with gold yesterday and today and they're signals are just "LOST", they have no idea of what they're doing. They try to take advantage of the retracements but they're usually wrong at it. I am very disappointed cuz' I paid some bills on this. I don't recommend them.
Response from Royal Trading LoungeNov 8, 2024
Hi Fernando, Our approach is not limited to retracement strategies. While we do take advantage of retracements when they occur, this is just one aspect of our overall trading strategy. On November 6th, we sent out a Gold sell trade at 1:54 AM EST in the price range of 2711.50–2714, which successfully ran 70 pips, hitting TP2. Later, at 8:04 AM EST, we sent a Gold buy in the 2686.71–2683 zone, which ran 50 pips but reversed just before hitting TP1. We acknowledged that this particular trade was a loss. At 8:17 AM EST, we sent a re-entry for the Gold buy which ran 50 pips and hit TP1. In total, we had one complete loss on Gold, but four wins—including two Gold trades (50 pips and 70 pips respectively), one US30 (running 3,000 pips), and one NAS100 (running 4,400 pips). It’s important to note that being an expert trader doesn’t mean winning every single trade. We always acknowledge our losses, and despite this, we have consistently delivered profits, including multiple indices trades that have hit all targets. I’d appreciate further clarification on your comment about us not being “experts.” Expertise in trading is demonstrated not by an unbroken streak of wins, but by the ability to analyze, adapt, and acknowledge both successes and losses. We remain committed to providing valuable insights, as we've consistently shown through our track record. Thanks, Royal Trading Lounge
Christian K.
i have tested many signal providers out there and royal trading lounge is the best for me. a very good win rate. transparency - if sl hit, the write it. no deleted trades etc. especially their us30 trades are very very good. i use them with a copier and the are profitable. thank you so much
Mushfi Z.
I like their signals its really good and profitable what I don’t understand is I don’t know after hitting tp 1 we should move the SL to Breakeven or not cos Ive seen after hitting tp 1 if the price comes back and hit sl they don’t post anything cos I thought they close at Break even but if it come below buying price and went to hit tp2 they post tp 2 hit thats the only unclear thing here if they can fix it and give a proper guide in the group how they do it they will be one of the best signal group. Im managing my trades but what you do is when tp 1 is hit and after that if hit sl you won’t say it hit SL but if tp 1 hit and trade hit Breakeven and goes tp 2 you mention tp2 is hit literally misleading people even VIP members know that your signals are great but but don’t manipulate the results thats all i gotta say
Response from Royal Trading LoungeAug 20, 2024
Hello! Thank you for your feedback. We’ve addressed this matter with you multiple times. As we've mentioned several times, there’s no single approach to managing a trade. We have a DETAILED trading guide linked in the pinned message of the group with various ways you can manage your trade. You must handle your trades according to your individual trading plan and style. Some traders choose to move their stop-loss to breakeven after reaching their first take-profit target, while others prefer to trail their stop-loss closer to the entry point and take partial profits. Ultimately, trade management is a personal decision. Once you hit your first take-profit level, it’s up to you to determine the best way to take partial profits. We have also provided a comprehensive trading guide in the pinned message of the VIP channel, which includes various suggestions on trade management. I hope this clarifies things. Thank you!
Tam N.
The signals are moving so fast. As soon as they are sent, the US30 moves by 10 or 20 points. There should be stable guidance on how to move the stop loss (SL) to breakeven (BE). For example, when it hits take profit 1 (TP1), we should move the SL to BE. If it hits BE, there should be guidance on whether we should re-enter or not. This way, we can all follow the same format and achieve the same results. It’s not good if we all hit BE while you still reach TP3 because you didn't move the SL. Now everyone is leaving, because they have the same previous issue as most of us. Now everyone is leaving, because they have the same previous issue as most of us. One good thing is that everytime you hit SL you will say which is quite transparent. I do not complain on that.
Response from Royal Trading LoungeAug 7, 2024
Thank you for your feedback. We’d like to address a few points: Broker Differences: As previously mentioned, the variations in pricing between different brokers, such as IC MARKETS and others, can lead to discrepancies in execution. This is a common issue in trading and unfortunately, is beyond our control. Member Concerns: You mentioned that "everyone" is experiencing the same issue. Please keep in mind that we have over 4,000 VIP members, and while we strive to support all members, individual experiences may vary. We cannot speculate on reasons for member departures, as they are private and not discussed openly. Trade Management: It's important to remember that managing trades, including moving stop losses to breakeven or deciding on re-entries, is ultimately your responsibility. While we provide guidance, the execution and management of trades are up to you. We appreciate your understanding and continued support. If you have further questions or need assistance, please feel free to reach out. Best regards, Royal Trading Lounge
Marquis Henry B.
Support is not good at all also us traders stay clear of this group.
Response from Royal Trading LoungeAug 20, 2024
Thank you for sharing your feedback with us. We strive to provide high-quality support and service to all our users, and we take concerns like yours seriously. We have looked into your review on Trustpilot and, unfortunately, we are unable to find any records of you having used our services. We would appreciate it if you could provide us with additional details about your experience so we can address any issues you may have faced and improve our support. We are committed to ensuring a positive experience for all our users, and we welcome any opportunity to discuss and resolve your concerns. Thank you for your understanding, and we hope to hear from you soon.
Vicenç
Encantado con sus servicios, especialmente en señales US30 y US100. Con XAUSD he sufrido un poco pero el balance final es positivo. Como algo negativo es que la señal llega a veces un poco tarde para el trade. Good job Team!! Thank you for your services.