Monday, February 12, 2007

Forex Trader, Forex Funnel, Forex Tracer -- Whats the catch? -

So, I ve been researching some of these products, and I simply cannot find out what the catch is! A programme that you install on your computer and make 100 Grand a year? That must be impossible! If this IS true, why isn t EVERYONE using this at home? It jsut does make sence! If you know anything about these products/Forex trading in general, please leave some input on why you think this is! Thanks! quot;If this IS true, why isn t EVERYONE using this at home?quot; Good point. You may have answered your own question. Do you think perhaps they aren t telling the truth? Could that be a possibility? The net is full of Forex scammers and apparently the net is also full of people who are gullible when it comes to money. Put the two together and *POOF*. Forex is a lot of art, trades can turn in minutes and stop loss you while your looking at another trade possibility. Beware of Black Box systems you pay thousands for and read the fine print for fees.I have been practicing for a year and still can t make money. Try FXCM.com for free , most have a free practice account. They also have training at a reasonable price ($20 per course) After training they have a mini account contest where some people claim to have made $50,000+ on a $5,000 account in a month. They don t work. If you dig deep into the disclaimers, you will probably find some note that the results claimed weren t from actual trading, but are hypothetical results from running historical quotes through the system without any guarantee that the trades could have actually been made. There must be a reason why you are looking into this? Is there something that you want? Extra income? Sick of job? They are automated system - Expert Advisors, which will do the trade for you. I have try some of them them, yes some..have mixed feeling on them. Email me if I can help. Most of em don t work because their drawdowns are so god damn high. A few losses and your balance is gone. If you really want to try one, I would suggest Pipzu...

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