Wednesday, May 16, 2007

Has anyone tried the Forex Made Easy software that is advertised on television? -

If so, is it as good as they advertise it to be or is it just another one of those make money from home scams that only makes its creators rich? As with all other home based business quot;opportunitiesquot; it seems far too good to be true. I ve not tried this but as a rule would say don t until you re fully up to speed on the in s and outs of forex first. The main problem is that it s very pricey and you need a lot of money up front to get it and then use to trade with it. If you don t have that money available to lose then don t do it. I made the mistake a couple of years ago getting some spread betting software called Goldline. It cost me £5000 and I had to start with a £2000 pot. The creators sell pitch was that that 2k was for 20 trades and they d never had 20 go against them in sequence... That sounded fine until you think, well how about if 15 go th wrong way,m you win 2 and then 10 more go bad - wipe out. Anyway, it was rubbish, I d have been better of taking the signals and betting the other way! And so not only did the 2k pot get burned I was left with 5k of software that was worse than useless. So coming back to thing, software that promises a lot. be very careful and only use money for it and the trades that you can afford to lose. To start with get starter courses and when you feel ready get an account, a mini type that you can dummy trade on and do dummy trades for as long as it takes to get comfortable and confident. Also, any decent account will have lots of built in software tpe features, you just need to learn how to use it and learn about signals and what they mean. Once you ve gone all though this then maybe it s time to look at dealer type software solutions. Hope this helps anyway. Anyone reading this who is looking at Goldline for index trades - don t! For forex software, I ve recently started a blog on forex (link below) which includes some articles and links to further sources e.g, http://www.forexsoftware-trader.info which is a site offering a free forex basics course as well as a paid product. Hope this helps and good luck making money :-) No amp;amp; I do not wish to try that product thank you very much. Have a nice day! Don t 4get 2 vote! xoxo The software works, and multiple timeframe analysis is a proven winner on the forex and is here to stay. The problem is the price and the continuous upselling business practices of the company, the software will eventually cost $20,000 when its all done. I have free indicators on my website that mimick 4xme on metatrader and there is no datafeed cost either. use them if you wish. good trading mark mc donnell www.forexearlywarning.com

No comments:

Post a Comment