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11-17-2006, 04:04 PM
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Still making money in FOREX
No matter what the USD does, I'm still making money in FOREX!
 I used to be a technical trader; I had previous experience in Banking Ops and trading Commodities which helped a lot. Made money but bought myself another JOB. Discovered a new and simple method that is changing the face of the FOREX market and have been using this system for two months. Increased my portfolio by 25% in the first two weeks. Just set it and forget it. Program spits out buy and sell points based on my personal preferences. Hallelujah, I love making money! Last edited by forexdiva : 11-18-2006 at 03:39 PM. 
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11-19-2006, 05:59 PM
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What are your past experiences? I want to trade commodities for a living. Studying Finance right now. Just want to know what path to take for that.
Last edited by nirav34 : 11-25-2006 at 12:31 AM.
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11-28-2006, 02:01 AM
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I have been talking to her for a bit through email, and I guess since she hasnt replied for a bit, I can tell you.
From an email, direct quote: "Chris, Over the years both my husband and I traded commodities (before the internet). We were technical traders, which required a lot of time – our charts came in the mail every week and we called all our trades into a broker. A little over a year ago we decided we wanted to try another investment strategy and picked FOREX because it is the largest market in the world at $2.9 Trillion a day. We saw an ad on TV for 4X Made Easy and went to one of their seminars. They tried to make you think that all you had to do was watch for “green or red” lights! We soon found out after purchasing over $3,000.00 in software, DVDs, and obligating ourselves to $100.00/month for live feed, that they didn’t teach you how to build a trade or when to get in or out of the market! Without this knowledge the software is worthless. Within three weeks we got a call from one of their “trainers” that tried to sell us a personal “training” program for $10,000.00 to teach us how to build trades! We were livid! We were told all we needed was the software and we would be ready to go. Since we already knew how to read and decipher charts from our commodity experience, we took the time to train ourselves how to build trades in the FOREX market. And we tested out our strategies using DEMOS from different brokers. One of the problems you’ll encounter unless you are a millionaire, is that it takes the same amount of time to trade hundreds of thousands of dollars in FOREX, as it does $5,000.00. Totally by accident, a friend sent an email about Freedom Rocks; they approach FOREX trading in a totally different manner. They are the only company that has a computer program that (1) Hedges your trades to reduce your risk (2) Tells you how much money you can earn in interest (carry over trades); (3) Builds your trades and gives you buy/sell limits. All the guesswork has been taken out of trading. Freedom Rocks created this program so that the average person can get into the FOREX market and get a piece of the action without expensive software or learning how to technical trade! This system has worked so well for me and my friends I’m telling other people about it who want to learn how to trade FOREX. As you know, whether trading stocks, FOREX, or commodities you can lose all of your margin. (So don't trade with $$ you can't afford to lose!). Trading should NOT be a costly experiment!"
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Good, cheap, fast. pick any 2. -The Cap'n Last edited by Systemic : 11-28-2006 at 02:19 AM.
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11-28-2006, 02:48 AM
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Quote:
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___________________________________________ [SIZE=2"No more riddles."[/size] ___________________________________________ get the cd. it's how money gets made. Last edited by orange : 11-28-2006 at 02:50 AM.
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11-29-2006, 12:12 AM
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I just cant imagine trusting my stock/pip/lot/money/anyothertermIcan'tremember in a program that just buys and sells. It simplifies the whole process WAY to much. The same concept can be applied to stock, but isnt because companies release news, which causes large shifts in PPS/Momentum.
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Good, cheap, fast. pick any 2. -The Cap'n
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12-01-2006, 09:03 PM
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1) Keep Your Money Before You Trade - Lots of gurus will make promises, lots of vendors hawk products and services, lots of conferences promise education at a hefty fee. The reality is that the Web is filled with valuable, free or low cost information in blogs, Websites, user groups, portals, and books. You can learn more from networking with real traders through sites than from buying expensive products and services that may or may not fit your trading goals and style. Keep your initial overhead low; every penny you save is future trading capital.
2) Crawl, Walk, Run - Do everything you can to survive your learning curve and to ensure that you can support yourself financially (and emotionally) through your learning curve. Trade in simulation mode before you put money at risk, trade one lots before you trade larger size. Make your mistakes when your exposure is lowest. If you can break even after trading costs/expenses, you're doing very well. Don't push the curve or you'll find yourself deep in a hole. 3) It Takes Money to Make Money - Keep your expectations realistic. You're not going to make triple-digit returns every year and support yourself on a five-figure portfolio. Trying to make consistent huge returns will lead you to take excessive risk. Eventually you'll hit a string of losers and you'll be down 75% on your money--which means that it will take a quadrupling just to bring you back to where you were. Focus on realistic, consistent returns; pursue a career, not a jackpot. 4) Learn Everything You Can About Risk - Before you trade, make sure you understand the relationship between holding times and risk/reward, the ways in which diversification lowers risk, and the role of position sizing in risk. Monitor your largest winning and losing trades and monitor your average holding times for winning and losing trades. Learn to take planned losses and learn to bet fixed (reasonable) percentages of your portfolio on each trade. Think like a portfolio manager: keep score, not just in dollars and cents, but in risk-adjusted returns. 5) Test Before You Trade - Don't put your hard-earned money--not to mention your time and effort--on the line until you've tested out the strategies that you're trading. That means you need to have strategies, and you have to track their performance. That can be accomplished historically, through real-time simulated trading, or both. Take nothing for granted; if gurus champion particular setups and don't offer objective performance data for their techniques, ask yourself why. If you don't have a demonstrable edge that you have verified, you won't have confidence in your methods when you need it. You also won't overcome the inevitable expenses of trading. 6) Keep Your Money After You Trade - Trading income is not like an annuity; there are always peaks and valleys in returns and plenty of flat periods. Markets change, and their patterns change. Few traders make as much in range bound markets and non-volatile markets as in trending, volatile ones. Save income from the good times to weather the down times. Give yourself enough cushion to relearn patterns and change markets if conditions dictate. In short, approach trading like you're starting a business. If you were opening a restaurant, you'd keep overhead down, build your business from the ground up and learn from experience, make sure you're well capitalized, stick with what you do best and avoid large gambles, perform plenty of consumer/customer/marketing research, and keep a portion of profits for weathering slow seasonal periods. It takes a year or more for even successful restaurants to build a clientele and earn a favorable return. Your trading business will require similar patience and dedicated effort.
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