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geiseb_hd · 23-08-2005, 10:02

I dont want to simplify the wisdom of the postings on this thread or any other ideas shared by experienced traders on moneytec, but wanted to throw in my short-lived experience. Back in January '05, I got interested in the forex and bought a number of ebooks and systems. None of them, except with Mr Bain's system, offers a daily facility where newbie traders can see how the guru interprets the chart. The overall wisdom dispenses on chat forums like moneytec and various others, is that forex trading, is an exception art form, that the trader has to learn and invest massive amounts of energy, time and of course money, to have profitable trades. Forex trading in particular, and trading in general, are one of the few professions so complicated by hype, rumour, fear and greed.

Why dont we make the same assumptions about medical doctors, scientists, teachers, almost all kind of professions. You need to invest personaly all the needed resources yet the masters, who earn their living from publishing, not trading, complicated every damned aspect of trading. I recently, after demo's(which in my view dont help at all), lost 1k on a highly leverage account. When I consulted my advisors - authors who sold me the ebooks - only one, a charming lady from the west coast in the US, offered me 1 simply system, covered in her ebook. Trade the stochastics(14,3,3,E) in a 10 or 15 minute timeframe and nothing else and u will get your money back. simply striaght forward answer.

The other fellow from Australia referred me to bigtime traders Down Under who earned millions from fibs and 1234 trading etc. I simply ask him if I can stick to the basics in his book and come up with profitable trades. Yet he tried to complicate the whole issues.

It would be too much cheap advertising for me to reveal these ebook sellers or traders. On the other hand, I have not yet regained my money but having gone in demo mode, I can spot numerous opportunities, just watching the stochastics(14,3,3,E) in 5 and 15 minute timeframes. Wigh quick reflexes and a nice platform, I feel I can make profitable trades. The other obstacles is that I am behind a firewall and only www.mgforex.com, seems to be viable option to trade from my job somewhere in the Horn of Africa.

Just my 2 cents worth.

23-08-2005, 10:02	#36
geiseb_hd level 3 Join Date: Aug 2005 Posts: 167 Downloads: 0 Uploads: 0 Rep Power: 4	Re: Does anyone make money in Forex Trading? I dont want to simplify the wisdom of the postings on this thread or any other ideas shared by experienced traders on moneytec, but wanted to throw in my short-lived experience. Back in January '05, I got interested in the forex and bought a number of ebooks and systems. None of them, except with Mr Bain's system, offers a daily facility where newbie traders can see how the guru interprets the chart. The overall wisdom dispenses on chat forums like moneytec and various others, is that forex trading, is an exception art form, that the trader has to learn and invest massive amounts of energy, time and of course money, to have profitable trades. Forex trading in particular, and trading in general, are one of the few professions so complicated by hype, rumour, fear and greed. Why dont we make the same assumptions about medical doctors, scientists, teachers, almost all kind of professions. You need to invest personaly all the needed resources yet the masters, who earn their living from publishing, not trading, complicated every damned aspect of trading. I recently, after demo's(which in my view dont help at all), lost 1k on a highly leverage account. When I consulted my advisors - authors who sold me the ebooks - only one, a charming lady from the west coast in the US, offered me 1 simply system, covered in her ebook. Trade the stochastics(14,3,3,E) in a 10 or 15 minute timeframe and nothing else and u will get your money back. simply striaght forward answer. The other fellow from Australia referred me to bigtime traders Down Under who earned millions from fibs and 1234 trading etc. I simply ask him if I can stick to the basics in his book and come up with profitable trades. Yet he tried to complicate the whole issues. It would be too much cheap advertising for me to reveal these ebook sellers or traders. On the other hand, I have not yet regained my money but having gone in demo mode, I can spot numerous opportunities, just watching the stochastics(14,3,3,E) in 5 and 15 minute timeframes. Wigh quick reflexes and a nice platform, I feel I can make profitable trades. The other obstacles is that I am behind a firewall and only www.mgforex.com, seems to be viable option to trade from my job somewhere in the Horn of Africa. Just my 2 cents worth.