Has anyone comes acroos a good futures and forex program that constantly bring out good results?
Saturday, November 9, 2013
, Posted by Ryanita at 1:00 AM
free100
I've tried so many trading programs out there and spent lots of money to try these program and none of them are really consistent with what they promise. Ex: 4xmadeeasy, traders international, etc.
Answer
If there was an easy way to make easy way to do it everybody would be doing and when everybody starts using it, it won't work anymore. Those programs need nice price movements but they can't handle events such as when Bernake testifed before Congress this week and the dollar gapped down. Those events burn people using the programs you mentioned.
You may not like the answer but the only way to make it in Forex is to read, study and practice. I spend, on average, 20-30 hours per week, reading information on the web pages for the Reserve Banks in Australia, New Zealand, Japan, UK, Euro-zone, Canada and the US, trying to understand how the economies of each are behaving and where they are going. I read every piece of Forex news and commentary I can find and I spend 3-6 hours on the weekend going over charts and trying to figure out my strategy for the coming week.
Lot of work? You bet, but it can pay off. On Tuesday, I invested $3000 in selling USDJPY (which bought $300,000 worth of Yen). On Thursday I bought back and made a profit of $3750. That's a 125% return.
So the answer to your question is that there is no easy, long term method using things like 4xMadeEasy or Freedom Rocks, but you can make lots of money if you are dedicated to working at it.
Update:
Since another answer mentioned "double my money by next Tuesday", an obvious reference to my answer, let me state that I am an indivdual participating in Forex with nothing to promote such as a system or a strategy or a 15 day trial. My USDJPY trade this week was used as an example of what *can* happen if you do the work before making a trade. I do not double my money on every trade and I sometimes lose money, but I have a lot more good trades than bad trades because I put the effort into the research before trading and I have discipline after making the trade. No gimmics, no bought and paid for system. One last suggestion... if any system you find trades on the carry, i.e. trying to make money on interest differential, run like hell.
If there was an easy way to make easy way to do it everybody would be doing and when everybody starts using it, it won't work anymore. Those programs need nice price movements but they can't handle events such as when Bernake testifed before Congress this week and the dollar gapped down. Those events burn people using the programs you mentioned.
You may not like the answer but the only way to make it in Forex is to read, study and practice. I spend, on average, 20-30 hours per week, reading information on the web pages for the Reserve Banks in Australia, New Zealand, Japan, UK, Euro-zone, Canada and the US, trying to understand how the economies of each are behaving and where they are going. I read every piece of Forex news and commentary I can find and I spend 3-6 hours on the weekend going over charts and trying to figure out my strategy for the coming week.
Lot of work? You bet, but it can pay off. On Tuesday, I invested $3000 in selling USDJPY (which bought $300,000 worth of Yen). On Thursday I bought back and made a profit of $3750. That's a 125% return.
So the answer to your question is that there is no easy, long term method using things like 4xMadeEasy or Freedom Rocks, but you can make lots of money if you are dedicated to working at it.
Update:
Since another answer mentioned "double my money by next Tuesday", an obvious reference to my answer, let me state that I am an indivdual participating in Forex with nothing to promote such as a system or a strategy or a 15 day trial. My USDJPY trade this week was used as an example of what *can* happen if you do the work before making a trade. I do not double my money on every trade and I sometimes lose money, but I have a lot more good trades than bad trades because I put the effort into the research before trading and I have discipline after making the trade. No gimmics, no bought and paid for system. One last suggestion... if any system you find trades on the carry, i.e. trying to make money on interest differential, run like hell.
what school should i attend if i want to learn how to invest?
emilie
i want to learn how to invest in stockmarket and what those charts mean, how to analyze the data.. and learn which news have impact on the stocks i bought..
what school should i attend???
businessschool? should i become economist????
thanks
Answer
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthlessâ
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin⦠That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on for hours on how to make money trading online, but if you ask me:
"What is your best advise?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.
www.onehourtrading.com
After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.
Besides, you´ll learn:
⢠The right amount of money to start tradingâ¦
⢠The best Online broker out thereâ¦
⢠Learn how to enter and exit a trade in seconds making Huge profitsâ¦
⢠Make more money than most day traders simply by trading one hour a day!!!
⢠How to reduce stress, limit risk and stay disciplined like a Pro.
⢠The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.
⢠How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.
⢠What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )
⢠Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.
⢠Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.
All this and a lot moreâ¦
Good luck and good trading,
John Fontaine
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