Archive for December, 2009

I do not want to throw good money after bad nor do I want to be preciptous, but certain behaviours by the forex investment club have caused me grave concerns

Hi
There are a lot of online agencies committed to provide justice to people who have deceived through a forex broker/program.

Forex Peace army(Fpa) is one of the foremost i know.You can join the forum to know more.There are many others you can search.

Hope this helps you.

yes! FAP turbo is one of the best robots! also I know (my own experience) that FAP has 100% success if you use scalping method!
here is some good reviews – http://best-forex-auto-robots.blogspot.com/

I want to know how this recently released Expert Advisor performs in LIVE TRADING. My experience with others has been that they would perform well when you got them newly but would rather begin to wreck havoc after sometime.
Has this happened to you with the FARP TURBO in live trading?
I intend to go live soon but wanna make sure I am making a good investment in that EA.
Quick and honest answers, please.
yahoomonster, please unblock you IM. I really wanna ask you things

I’m still testing FAP Turbo. From my results it seems better than Forex autopilot which I started with. I’m trying to be more conservation as compared to last year and perhaps the FAP Turbo is best for this. I’m targetting for small but consistent profit. So far, I’ve only done mini trades and the software looks good. Theorectically, should be the same when I go to bigger trades.

I think FAP Turbo is still new and is likely to perform for a while.

http://forextradingmadeeasy.info

I’ve been looking for a reliable and automated forex trading software. I was pretty keen on forex tracer when I came across this review. is it accurate?
=> http://www.learn-forex-online.com/automated-forex-trading/

My guess is that it is fairly accurate. Of course, saying "Believe it or not, forex tracer produced over 94.90% profitable trades from July 2006 to May 2008… well, in backtesting anyway." simply means it is possible to build a model which would have made a profit in the past if you base the system on the past data. It means nothing about how it will perform in the future.

Saying "This system has been getting good reviews on the Forex forums" simply means some people have written good reviews. We have no idea if those who wrote the good reviews profit for sales of the product, and the statement would be accurate even if there were ten times as many bad reviews as good reviews.

Saying "one major market movement against you can wipe out all your gains" is probably accurate but may be an understatement. What happens if a "major market movement against you" occurs before you have any gains? Obviously you can lose more than your previous gains, maybe even your entire investment.

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I don’t pretend to know much about the forex, but I do have some common sense. If automated trading software could consistently provide high returns there would be no reason the sell it. Those who owned the software could become super-rich just by using the software themselves. The fact that they pay to advertise the product, hire people to manufacture, package and ship the product, and that they have to deal with angry customers tells me that they are trying to get rich by selling the product because they have not figured out how to get rich tradng.

I am nearly 18, and I have a very strong interest in Forex trading. I have a practice account with FX Express and have discovered some interesting things and techniques that I’ve discovered myself on how to make money.

I’ve developed my own strategy that works everytime I trade so far, and I’m making 10% compounded everyday I place a trade. in fact I want it to be my career. I will open up a live account with real money as soon as I turn aged 18 with maybe a couple of hundred. The only problem is that my mum and step-dad say "You’ll never make a living out of it", or "You’ll lose all your money." What I’d like to know is if its actually possible to make a decent living out of Forex trading and do you or anyone you know currently do this as a day trader. I’d like to prove them wrong.

Yes, it’s possible, but not with a couple of hundred dollars of starting capital. Think about it, for many professional traders, having a 50% profit on the year is considered a good year. If you start of with $200, and make 50% profit, you would have $100 profit. Is $100 enough for you to live off of? Not unless you live in a cave.

However, if you start off with $100,000 capital, and make 50% profit for the year, then you would end up with $50,000. Is that enough to live off of? Probably yes.

Yes, I know $100,000 is a lot of money. But you can start up with $5,000 and work your way up. You are still young. I would get a job and start saving, and on the side, continue to trade and research using a micro account. (Notice how I didn’t say demo account because demo accounts success do not translate to real account success). Anyways, once you know you can be profitable with real money, then you wouldn’t hesitate as much to put in $5000, or $10,000 or whatever you have saved up in your account.

Lots of people make great living as day traders. But it takes time and patience to get there. Hope this helps.