It's debateable You may still be able to get some good concepts these boards but In my ht opinion the quality of the discussion has tailed off somewhat it's highlight in 2003.

The danger of a lot of recent posts here I suppose is that there seems to be euphoria of over optomisim here which can lead to unrealistic expectations trading forex. Many of the systems I've picked up here

Admittedly I've since given up the idea of trading my own account gone with the Managed Forex way (Just as a warning: is potentially a bigger mind field than trading your own account as you are leaving the fate of your capital in another's h).

To succeed in trading I've found that you need to posess
1. Skills to formulate a consistant reliable set of trading systems for different market conditions.
2. Sound psychology
3. Sound Money Risk management systems methodologies.
4. the Edge the extensive experience you may requires years of this stuff

With one of the first 3 factors missing you are almost guaranteed to fail IMHO. If you do posess the first 3 but lack the 4th it seems you are unlikely to obtain returns any better than a simple buy hold in the stockmarket strategy.

Admittedly I lacked the 4th although I was able to perseve capital I was far happy with the returns I was getting my own trading why I decided to investigate Managed Forex options. Currently I only invest in such funds after EXTENSIVE due diligence. This is where I strike off 95% of the funds during the selection process. But to date the funds I have personally selected been getting acceptable gains.

There is one thing to note I only use capital I am comfortable in losing which is 10% of my entire investment portfolio. Rest of my portfolio contains Real Estate Stocks Hedgefunds precious metals.

I also have a grievance against the moderation proceedures here. When I was conducting due diligence on a number of Managed Forex funds My account Threads got killed without any warning what so ever (I had read the Member guidelines thoughly before posting thought my posts was well in the scope set out by the member guidelines). The reason given for the deletion one of my threads inquestion was "selecting investments" (which I don't know how could be a violation of the rules unless this was an unwritten rule) was deleted by Kyle.

When I found my account banned threads deleted without any warning what so ever I went back reviewed the member guidelines to try find what I may have violated. After having did that not being able to match up anything I Emailed MoneyTec a number of times asking them to elaborate on why they thought my actions warranted a banning to point out what part of the member guidelines I had violated so I know in order not to repeat the same mistake again. No reply what so ever. To piece it together the killing of my threads without warning the refusal to provide an explanation when asked can almost be constructed as a personal vendetta.

Although MoneyTec is Kyle's site that he is free to do anything as he pleases MoneyTec's actions through both killing my thread account outside of what I judge are the stated member guidelines worst yet the refusal to provide a reasonable explanation behind the actions have none the less gone a long way to sufficiently destroy any goodwill I have for MoneyTec.

How would you feel if you walked into a forum posted what you thought was within the guidelines end up getting your account nuked without warning worst the moderator refuses to elaborate leaving you in the dark about what you could have done wrong. I suspect most people would get annoyed.

- Michael C. Lukel