Elite Signals Review (Updated 2024): Is Elie Abou Faissal The Best Day Trading Coach?

TLDR – Will The Elite Signals Indicator And Trading Signals Program Put You In The Money?

Elie Abou Faissal and the Elite Signal team are in the business of trading signals and indicators. This basically means they give you tools and systems to help you make successful trades in a timely manner… for a recurring membership fee of course.

They also offer you educational resources and strategy videos designed to help you use these trading signals and the Elite Signals indicator properly. There’s some free coaching, but mainly you’re looking at a flexible monthly subscription, or a lifetime fee for permanent stocks, crypto, forex and futures signals access.

But is it actually any good?

Think of it like this: Whenever you make a market trade, you’re essentially betting on which way the market is going to move. If it goes your way, great—you’ve scored a win. If it goes the other way, it’s a loss.

All traders make losses. It’s just the nature of the market. Some traders score wins, and the best traders score more wins than losses. But if there was an algorithm you could use to just tell you what trades to make and when, why isn’t everyone using this? Why isn’t everyone winning?

Because such an algorithm doesn’t exist. There’s no cheat code for market trading. There’s no hack. There are just tools that might help you when you’re making trades. There are loads of books on Amazon about how to win at blackjack too… good luck turning that into a lucrative career.

It’s the instability… the total chaos… of the markets that makes trading so attractive to some people. This is how you win, by making the right move when everyone else makes the wrong one. So if you’re looking for excitement and danger like some Wild West outlaw, sure… go for it. If you want to make money with something a bit more reliable, something based on actual fact and logic, you’ll need to look somewhere else.

Let’s consider something like Digital Leasing for a moment…

With Digital Leasing, you set up your local lead generation website in a specialized niche. You’re providing a great service to local business owners… setting them up with the slam dunk leads they need to thrive.

Straightaway, this makes Digital Leasing a far better option than Elite Signals. You’re hitting that classic problem-solution dynamic. Your partner has a problem – not enough leads and conversions. You provide the solution – better leads and more conversions. And you get paid good money as a result.

There’s none of the uncertainty of market trading. No praying that this time your trading indicator’s gonna work. No chasing after losses with ever more risky trades. There’s just solid, regular income, and the warm fuzzy feeling that comes from doing something great for your local community.

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Who Is Elite Signals For… And Who’s It NOT For?

Who can benefit from these trading strategies, and who should probably give them a miss?

Who It’s For…

You might get something out of Elite Signals, if…

• You really want to trade stocks and other assets – If you’re fully committed to making trading moves, and balancing risk management and budget considerations, this could work for you.
• You believe the numbers – The team is throwing out some big numbers! If you believe these numbers, you might want to give it a try.
• You have some trading experience – If you’ve already made modest money from trading, and are looking to up your game, this could be worth exploring.

Who It’s NOT For…

You’re probably not going to get much out of Elite Signals, if…

• You are worried about the negative reviews – I did find some pretty negative comments on the program. If this worries you, you might want to look elsewhere.
• You’re frightened by high risk – There are huge risks when you trade across any international markets, so if this worries you, it’s not for you.
• You’re looking to make money quickly – This is certainly not a get rich quick scheme, and might not even be a get rich at all scheme, which might put some people off.

The 1000 FT View On Elite Signals

Let’s take a few steps back, and get the full panoramic view on the Elite Signals program…

The Elite Signals Business Model

Is The Elite Signals Program Worthwhile?

Elite Signals offers tools and systems to use on your market trading platform, and training on how to use these correctly. So… the business model is trading in the forex, crypto and stock market.

This is a pretty complex market. At a very basic level, we’re talking about buying assets for a low price and selling them for a high price. But you can also speculate on price differences, which means you can make money when the market trends are heading the other way too… if you time it right!

Building trading strategies is hard. But hey… that’s what the program is for right? To make you a successful trader?

Well… maybe… but I would keep a few important points in mind before you dive in here…

1. Trading is a real lifestyle strategy – If you go in half-hearted, you’re setting yourself up for a fall.
2. Most market traders will fail – Around 80% of Bitcoin traders lost money. Between 70 and 90% of stock traders lose money! I don’t know about you, but I don’t like these odds!
3. Even with tools and systems on your side, it’s hard work – Even experienced traders slip up, as price shifts and market trends ambush them out of nowhere. Elie will give you the tools and the training, but don’t expect an easy ride.

How Much Does Elite Signals Cost?

This is a big question for anyone interested in signing up for a course or program… how about that Elite Signals cost?

• One EliteAlgo indicator system onboarding session: $149.95
• Five EliteAlgo coaching session, plus six months EliteAlgo indicator access: $599.95
• 10 EliteAlgo coaching sessions, plus 12 months of EliteAlgo signals access: $999.95

You’ll also need to pay to access Elite Signals systems after your free access period expires. This costs…

• $67.95 a month
• $149.95 per quarter
• $795 lifetime fee for permanent access

How Is Elite Signals Different?

The big Elite Signals selling point is the access to the algorithm and trading indicator. There are teaching materials that tell you how to use this, but it’s not a trading coaching program like Maurice Kenny’s VIP Day Trading.

For this reason, it’s also different to something like Altucher’s Investment Network. James Altucher gives you access to his own trading methodology, as well as his network. Elite Signals is more about automated tools like the Elite Oscillator.

Reviewing The Guru – What Is Elie Abou Faissal All About?

The Elite Signals Social Media Reach

Elie Abou Faissal is the guy behind the Elite Signals program. He’s originally from Ottawa, and he’s made a fortune from trading in the stocks and forex markets, as well as with other types of trading.

Reports differ on just when Elie launched Elite Signals. My money is on 2019, as that’s what popped up most often in my research, but others have said 2018. Either way, what started out as a fairly small trading group, run by Elie and his business partner Joseph Zaylah, has morphed into something amazing.

Apparently, 50,000 traders around the world are tuning into the Elite Signals trading community. Between them, the system has netted more than $5 million in profit over the last few years. That’s probably not enough to make any of the members a millionaire by themselves but it’s given quite a few people a nice income boost.

The centrepiece for the program is the EliteAlgo indicator. This is the algorithm that Elie and his team have developed themselves. When you sign up, you get access to this indicator, and other cool tools and features, for as long as your subscription lasts. You also get coaching in how to use it effectively.

Is There An Elite Signals Scam Going On Here?

A big question… I get it, you need to know if there’s an Elite Signals scam.

So I don’t think the system itself is a scam. I don’t think Elie’s out to rip anyone off. However, I’ll also say… not everyone agrees with me. Plenty of people are not happy with the course, and some of these people are using the word “scam.”

If you’ve got a bit of trading experience under your belt, you’ll know that there are loads of technical analysis tools, indicators, and signal offerings, designed to help you trade effectively. The EliteAlgo is just another one of these… maybe it’s a great one, maybe it’s not. This is the game you play when you trade.

Now, it seems like Elie himself has done pretty well out of this system. I’m inclined to trust him and say he uses the EliteAlgo indicator himself. It’s cool that he passes this on to the EliteAlgo group, and doubly cool he offers training in how to use it.

So far so good. Buuuuuut…

I’m a bit worried about the numbers being chucked around. They just don’t seem to add up.

Nearly 50k people, trading for several years, with an 85% win rate… and they’ve only made $5mil between all 50,000 of them? That’s like 100 bucks per person… not the $10k a day I’ve seen Elie kicking around on social media. I wouldn’t be planning your retirement just yet.

I think it’s pretty clear that at least one of these numbers isn’t correct.

So what are those negative reviews saying? This one said the program is a scam, the algorithm doesn’t work, and they took money out of his account even after he’d cancelled…

This is a bit of a theme actually. Other reviewers have said the signal service is late and inaccurate, and have complained about the refund process.

There are plenty of positive reviews out there, too, and it definitely seems like some users are doing well with the program. Some bad reviewers are just internet trolls or have their own ax to grind. It’s up to you how much trust you put in these negative comments.

My Personal Opinion On Elite Signals

Here’s my personal view on Elite Signals… it’s only for committed market trader lifers. It’s not a hack that’s going to bust the international markets wide open.

First, this is what I want to see from a program like this one…

1. Stunning course materials and excellent coaching
2. Real pathways to big profits
3. The freedom to live your life

Does The Program Give You What You Need To Make Informed Trading Decisions?

It might help you make better decisions in the market. But does it eliminate risk and make you a leading market trader?

No, it doesn’t.

Here’s why…

1. You do get good training on how to use the trading indicator, but some people are saying the tools don’t work the way they should.
2. An 85% win rate? I’m really not sure about this. I’m sure some people make money from Elite Signals, but most will end up losing.
3. Even with real time trading signals, this is a super time-consuming game. You’re not getting any freedom here.

If only there was a better way… something that ticks all these boxes…

Actually, I believe there is. Digital Leasing. Here’s how it stacks up…

1. Digital Leasing offers more comprehensive training, covering everything you need to make local lead generation model a success. It’s not just how to use the tools.
2. The profits are tied to a genuine service. You’re generating knockout leads for your partners, and so you can make thousands each month per site. Rather than hoping your new trading tool will hack the system.
3. Because the model is so hands-off, you’re achieving real freedom as you stack your profits.

So what will you do with that freedom?

• Jet off on a round-the-world trip?
• Spend more time with the people you love the most?

It’s your call.

Find out how Digital Leasing can change your life.

What’s Inside Elite Signals?

What do you get with Elite Signals?

The Elite Signals System

The Elite Signals system gives you…

• Elite Algo and Elite Oscillator trading indicator solutions – Valuable tools, offering insight into market dynamics to inform your trading strategy and help you make profitable trades.
• Elite Algo trading course – Coaching from the Elite Signals team, helping you use these trading tools in an effective way.
• Elite Price Action Indicator – Another valuable trading tool to support your market analysis.
• Forex Stocks and Options Signals – Real time trading signals, assisting you as you make moves in the forex, stocks, and options markets.
• Crypto and Futures Signals – Just like options signals crypto and futures signals support you as you make the right deals on your trading journey.
• VIP Discord Community – Elite Signals gives you a great community that helps you to stay in touch with movements in the trading world. There’s also a free discord channel alongside this VIP option.

• Real-time Alerts – The system offers real-time automated alerts, so that traders stay on topic of key market events and spot viable trading possibilities.
• Updates – You’ll get ongoing updates, depending on which of the subscription options you choose. On the Lifetime+ Elite Signals Premium option, this means lifetime updates!

The Elite Algo Trading Course

For an additional cost, you’ll get training in how to use the Elite Algo indicator. Choose from…

• One session (no free system access)
• Five sessions (six months free system access)
• 10 sessions (one year free system access)

EliteAlgo is the Elite Signals proprietary algorithm. It stays active around the clock, so you’ll see it whenever you check out the TradingView platform.

The Elite Signals team say it’s suitable for beginner traders, but provides enough insight for advanced traders too. You’ll get buy and sell signals, as well as a suite of other tools like stop loss and take profit markers, and market resistance plotting.

It sounds like it would just run by itself… but anyone who’s ever traded knows these tools can be bewildering! So I think the training is a very good idea.

Free Courses

There are free courses too. Currently, the team is offering the Elite Signals Masterclass, including…

• Forex courses
• Stocks trading courses
• Crypto courses
• Courses on the technicals and fundamentals of trading

My Elite Signals Review – The Conclusion

Let’s bring this Elite Signals review to a close. So what have we learned?

We’ve learned that Elie has done very well on his own trading journey. He’s developed his own algorithm that might help you trade stocks and forex just like him, and he’ll even teach you how to use it for a fee.

But we’ve also learned that some people are super annoyed with the program. They say the algorithm’s no good, and it’s hard to get a refund. Other people completely disagree, they love it!

With extreme reviews, there tends to be a bit of exaggeration. The truth is usually somewhere in between.

My big concern is the numbers getting chucked out. An 85% win rate? That would be way, way over the average hit ratio of a very successful trader. Maybe Elie would be better off leading with something a bit more realistic.

If you really want to explore the trading world, you might want to read another one of my trading program reviews, like this one for Dow Janes.

But I recommend just sitting tight and hearing about my #1 pick for making money in 2024…

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Whether you’ve never made a dollar online, or you’ve been in this space for a while, Digital Leasing is for you.

Why?

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Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

I don’t feel like there’s much freedom with Elite Signals, even if Elie implies there is. Like we’ve seen above… something about the numbers just doesn’t add up. You’re going to be spending a lot of time chasing your losses. Trust me, there will be losses on your journey.

2) You Own & Control EVERYTHING: Everything is dictated by market dynamics. Shifting demand levels, unexpected price movements, anomalous surges and falls… all of this makes for an unpredictable environment. The Elite Algo might give you valuable insights, but it doesn’t give you control.

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How will you double your profits with market trading? Maybe trade twice as much, or use twice as much leverage? Possibly… but you better be ready for twice much risk too!

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