Forex rebates on every trade - win or lose!

My tuppeneth for what it's worth.

Trading Forex is no different to trading stocks or commodities or index futures or fruit and veg from a market stall. If you can trade one item from that list, you'll be able to trade all of the items. And if you can't trade one of those items, it's no use even pretending that you're a trader because the only person that you're fooling is yourself.

So, with that in mind, I have to question whether specific FX training courses are of any use and if a general trader training course wouldn't serve a better purpose. There isn't a holy grail of secret settings for the FX market as such just the same as there isn't for any other market on the list. Sure, there are strategies that work and strategies that don't, but the biggest hurdle that most people face when trading is the screwball thoughts that bounce around inside their heads when they look at a monitor showing their account balance going down.

So, unless this "guru" is some sort of psychotherapist who will help you conquer your fears, I really wouldn't waste your money.

I seem to remember, and it might of changed, it was $399 per month which used to be a lot cheaper when the pound was at BOGOF against the dollar.

I wouldn't necessarily disagree Hilary. However, I think one of the biggest factors in trading any market is confidence. If a short spell looking over somebody's shoulder gives you that confidence then fine.

If you are new to forex then even knowing the best time to trade is a step in the right direction. Unless someone tells you it might take a fair bit of screen watching to work out currency relationships to risk aversion. A newbie may not realise that on some pairs you actually pay overnight interest being short.

What I would say is there is a lot of rubbish out there. FxBootcamp is no doubt one of the better ones, if you ignore some of their claims.

One thing is for sure, there is no holy grail. If Wayne or any other of the 'pros' out there had really found it they wouldn't waste time selling hope to the masses.

I know a lot of you would totally disagree with me but the day I took every indicator off of my screen was the day I started to make money. Reading Elder as my first introduction to trading set me back years.

If you want to save some money Sue and want an extremely good strategy for trading forex then email me through MoneyAM. It's available right now on a web site for free (well, 1p if you pay through Paypal) and no, it is not of my invention. It's not the holy grail, it can only be used in Forex, but it does work time after time :-)

".......... the day I took every indicator off of my screen was the day I started to make money."

You'll be telling me next that all you need to trade is a horizontal line.

:o)

I just use a double headed coin - works wonders ;-)

Qwento - I just emailed you

Not my words ........



Investors are scared stiff that the Fed has cranked up the printing press and inflation is going to run amok. What they are ignoring is the fact that very little of the money that the Fed is pumping into the system is making its way into the real economy.

The Fed is in a unique position at the moment; they are THE central counterpart for the US money markets. They know where EVERY body is buried. They can gauge the health of the money markets to an extent they have never been able to before. Once banks start withdrawing excess reserves from the Fed and putting them to work in a big way, the Fed can start to shrink the balance sheet. It’s like playing poker and being able to see all the hands. This should allow the Fed to ward off inflation before it can take hold.

My guess is we have a knee-jerk rally for a day or two followed by a reassessment. Markets will either turn decidedly toward reflation or they will fail. If reflation is the trade, the dollar will fall. If risk aversion returns, the dollar will rise regardless of the aggressive move toward quantitative ease.

The Fed is betting on risk aversion; they would not be making this audacious move if they were not extremely concerned that the economy is going to worsen and stay weak potentially for years to come.

How will we know if the reflation trade is for real? Oil will break and hold above $50 and likely move quickly higher; Gold will slide back below $890 and stocks will rally like we’ve never seen in our lifetimes.

When are they going to start digging up the Euro bodies?It's behaving like Teflon Tony

Well I never - I had 2 cable longs running. One was stopped out and the other closed for a profit - I certainly didn't expect that after such a down day!

http://market-ticker.denninger.net/
Why do I keep dabbling in currencies?Glutton for punishment

One of my systems opened a cable short about 30 seconds beore the Fed, Flossie. It took out about half my profits from a USD/JPY short that I'd also had running for most of the day.

That's a bit of a bummer Hiltops. Systems, eh? Who'd want 'em :-)

Hope you are all making loads on this cable move up

Well I managed to sell the last low half hour ago, Jeffie, and I hope I haven't just bought the high.

I've cleared 7 cents from it in 24 hours though, so it's not all bad.

:o)

Not all bad at all

Sue, I hope you got your email yesterday - I do not have the greatest faith in MoneyAM's email system :-)

Email also just sent to John.

I was reading something about the trading sessions and was not sure when each started/finished. I dug this up, is it about right

The schedule of trading sessions on FOREX
Region City GMT TIME
Opening Closing
Asia Tokyo 0:00 8:00
Europe London 7:00 16:00
America NY 13:00 22:00
Oceania Sidney 20:00 04:00

Try reading this, Jeffie.

In addition there's a strategy on the market called ProFX which is designed to trade cable during the European morning and US opening session. Personally I think the indicators which make up the strategy are cr@p but the time part of it is actually very valid.

Thks Hillypops

qwento

Yes thank you - apologies have been out of office doing that dreaded work thing!!

As far as I see it - I need to use it for a week & then resign?

I will try it when I have a spare week!

Thanks