litxus82

Sooner or later somebody will buy as it is only 149usd, although Donna forex sells/promotes lots of stuff, so I would assume she doesn't trade much if at all. Would you put your $ on the line if you were getting bunch of money from subscriptions fees and affiliate sales with no stress and risk?

Notice that most losers sell their methods or they sell something which no longer works, as do you think anybody in their right mind would reveal you their edge. Edge is a secret as once you give it away to many people it will be public knowledge, so if then you are like other 95% do you think you will win?

Bro, you are in this forum so just search around and you will find plenty systems even for newbies. Babypips is good to get an idea what forex is. One golden rule you must not forget "don't buy any system no matter how good it looks" as that way you will be system buyer and it will never stop, while depleting your bank account without any trading.

mtuppers,

 

I traded forex, but found futures easier for me and better for my timezone (us open) instead watching in the middle of the night for London open. I guess to each it's own, as you should pick the market you like and whatever suits your trading style. Stocks are cheaper to trade once you trade bigger but no leverage there like in forex. Right now I think futures is almost the same as forex in terms of leverage, except much better executions. If you are making good profits trading 1m in forex more power to you, do what works.

I found an interesting correlation while deleting all forex EAs and looking at manual systems which I have collected over the years. Almost 95%+ of all systems use MAs and bunch of colors to show buys and sells, so no wonder most of them are losing as where is the edge if you are trading like everyone else.

 

As for comment "forex is very hard" I agree somewhat as I know only a handful of people which I think do make money (they have been trading for years). Another thing, I don't know anyone personally that is scalping forex (trading 1m charts or smaller if possible) and making consistent gains. All traders that seem to be making it trade 15M+ charts with stops of no less than 35 pips on average (depending on currency of course).

 

mtuppers, why do you think forex is way easier, did you trade both instruments? I think if you know how to trade it doesn't matter what is the instrument you will know what to do for the most part. Stocks are much better for safety reasons for beginners, as it will take some effort to lose the balance even with 1:2 leverage. The only problem with stocks is that you need 25k account in USA for day trading.

 

Last, not sure about you guys but for me scalping forex did not work (although it was almost as good as it gets with MB trading), there are just too many things against you on shorter time frames. There is no advantage in forex with huge leverage either anymore as who in their right mind will use all of it? I understand if you had a broker with high leverage and perfect execution, then you might make money scalping but such does not exist or at least on all the brokers that I've tried. Maybe with institutional access things are different, but for most of us it is out of our league. Currently I'm trying futures on shorter time frames and with day trading margins of 500usd on most at 10$ per tick (almost like pip in forex) it is much better than forex. Executions are fast, most spreads are 1, round lot turn is usually around 5usd so if you open and close a position instantly it will be around 15usd or about 1.5 pips if compared to forex. I was going nowhere in forex using same methods, but in futures it seems I'm getting ahead and positive (on demo still) most days. I would recommend everyone to try different markets and not just forex and especially for day trading and see what works for you. There is a reason why forex is called wild west, to me it's comparative to trying to trade GY from the start instead of EU. That is GY-forex, EU-futures.

This is not a rumor nor hoax or fairy tale. 10kto1mm is exactly that, a goal to reach 1 million from 10k starting balance in one year. If you do the math it is about 47% per month on average and achievable with a good strategy. The way he plans to do it is start with 0.8 lots (80k currency) from 10k so about 8% risk using 100 pips stop and use same lot until about 50% profit. After profit is reached take 1 week off, then start again with a bigger lot. The idea is trading pre-news longer term trades with at least 1:2 risk to reward ratio. All signals are sent out by SMS and email, and most are limit orders ahead of time, so there is plenty of time to put them in. Idea is less work more profit, but it is still in early stages so will see how it pans out. How do I know? I talked to someone who bought the program, and yes it is more of a signal service than education (I heard you get some short videos explaining relevant concepts). Just because it is not shared does not mean it is a fairy tale. Anyway, hope it clears some things up for you guys and I wonder why this service was not launched in a way like Zulu trade or something like it as that way it would be set and forget.

Ok, let's analyze: "Flashpoint Gives You the Trend’s Direction, Then Tells You When to Buy or Sell!". In other words MA gives you direction and then CCI, Stoch or RSI gives you overbought or oversold zones for entry. One word BULLSHIT!

http://worldcurrencywatch.com/2010/07/20/files/2010/07/072010_FXUD_image1.gif

All of you stop believing this BS, wake up, do you really think anybody would be stupid enough to sell a strategy if it worked? Think about how much money he makes selling it to people at 2k a pop, why don't you give me 2k or anybody and at least that way you will not lose in your trading account also? Here is the older version of "genius EA" http://www.megaupload.com/?d=2JXKRZFQ .

It does look nice, but 5800usd is out of my league at this point. It looks like a customized support resistance indicator with bollinger bands, but hell maybe settings are golden as 5800usd!

This looks like it just try to find supply demand zones and place stops below above next obvious supply demand levels. Check Sam Seiden on fxstreet as concept is the same and no indicators.

Anyone trading futures here? The more I look into day trading and shorter time frames the more I start to lean toward futures. I see no use of forex high leverage (or even using all of it) as most brokers will not give you good execution and play many other games. Did you notice that forex brokers with very high leverage and bonuses usually have worst executions? In my opinion high leverage + bad execution = easy money for forex broker. Any ideas welcome.

Yes, there is a system 1000% profitable lol:) Create an ebook about forex trading with title "95% success in forex", sell, collect money and run, then do it again and again with different titles and names.

hermanhess,

 

Agree that most systems are crap, and if you noticed 95% of them are similar. Think about what type of edge will you have over everyone else with public information. I still haven't found a great system, but working on price action with some other stuff and it seems to be much better than most MA systems. I guess the dumbest thing I hear all gurus sell is that "you are not trying to catch tops and bottoms", but really this is what we all look for and that is the place with lowest risk and greatest reward. Last thing, that each system needs to be owned by you in order to make it work, you can't just plug and play and expect to make millions.

obsevardor,

 

Is this your demo account? If it is first try with real account with smaller lots as live vs demo usually a huge difference. How do I know? I tried some brokers live which were good on demo only to find out that live is completely different story, requotes, platform freezes, and so on.

craven,

 

If you bought with CC (even through paypal) file a claim and they should take care of it. Pretty much describe that product was not delivered as promised and show fabricated statements. Hopefully you did not send money by western union or anything similar.

Insta forex allows US clients, and 1:1000 leverage is only for accounts up to 1k usd, above max is 1:600. Used them in the past and it might be ok with EAs, but not manually trading on shorter time frames.

You can try posting your system with rules and maybe someone is up to the task.

Most brokers with fixed spreads usually start screwing around and especially with EAs after some wins. I like MB Trading (did not try them live yet), as execution is best compared to others and even though spreads and commissions are not smallest when added up usually you can come out on top due to execution, although yes their roll overs sux. If I go live with MB trading I'll let you guys know how it is.

I'm trading with GoMarkets but starting really not to like them. Spreads are pretty good, but executions becoming crap. I'm in the USA and at times it takes up to 20+ seconds to execute a trade or to modify it. Most likely will move to MB trading soon as I never use crazy leverage.

So far I did not find EW useful, but fibo retracements from a wave or a move are. Like anything to each it's own style in trading and tools.

Check out Sam Seiden on fxstreet or just google it. You'll find free videos which I believe are very good for support resistance and other topics. Problem as with anything it might look simple although not so simple to execute.

Try GoMarkets as well, only drawback is microlots is smallest trade size, but leverage up to 500.

The file has about 5 or so video files in it as well as an EA. I did not watch it yet, but it says something like Lucky Candles 2 in 1.

I doubt it will show up, it has bee requested before a long while ago and still nothing.

I agree, this type of trading will not work (it did work some time ago, but now it is history) and even if it did, it will be really brief as your broker will catch up. If you like news try Henry Liu's method and look at his videos, you will see that he almost never gets in on the spike. Idea is to wait for news (hopefully significant to move), let it spike, retrace and then enter at much better price than spike traders which will get filled at a very bad price. This way there should be no problem with brokers and much better fills.