The Best Way on Forex

[mishak]

Well I agree with DB that our POLL is biased.
Obviously people who did not read the Forum people who had not registered as a member - did not vote on this poll.

I would like to assume that forex fellows who voted meet two conditions:
1. want to be successful on the forex market;
2. have tried some (or at least one) of the ways offered at our poll.

Therefore a newbie who meets condition #1 but did not try any of proposed ways on forex would better start the road recommended by the majority.
It does not mean that any newbie will succeed on this road (some will feel comfortable with a mentor some will fail etc...). However in total the majority of newbies will save time starting the road number one avoiding other roads.

If you like this POLL you may rate it using the Rating box at the right lower corner of your screen.
Cheers

[Shamrock]

Other (please specify)
An access to a time machine would be nice....but only if you can hle it!

[DB]

Originally posted by Shamrock
Other (please specify)
An access to a time machine would be nice....but only if you can hle it!

That reminded me of a guy whom I met at a seminar in Virginia. One of those conspiracy theorists with the thick glasses pony tail who look like they stepped out of X-files. He was a hoot to talk to related the following story as though he was convinced of it's authenticity:

A guy was allegedly picked up by the SEC questioned because he'd turned 800.00 into 350 million in two weeks. The story goes on to talk about how he gave a 4 hour video taped confession that stunned SEC officials who allegedly put him in jail till he reveals his sources... blah blah. Truly funny story when you hear it someone who believes it.

DB

PS. Mishak you get a seven for the thread idea. It got lots of input some good arguments many.

[DB]

Originally posted by mishak
Well I agree with DB that our POLL is biased.
Obviously people who did not read the Forum people who had not registered as a member - did not vote on this poll.

I would like to assume that forex fellows who voted meet two conditions:
1. want to be successful on the forex market;
2. have tried some (or at least one) of the ways offered at our poll.

Therefore a newbie who meets condition #1 but did not try any of proposed ways on forex would better start the road recommended by the majority.
However in total the majority of newbies will save time starting the road number one avoiding other roads.

Cheers

Mishak:

Considering your comment that you agree this poll is somewhat biased I think you've kind of missed my point therefore diminished the significance of my point of view.

It is well known that most of the people who post on this forum are not consistently trading profitably. Also I think it is reasonable to conclude that a majority have extremely limited funds to trade with. Also it is reasonable to suppose that the majority who voted have tried no more than three of the methods mentioned also the majority have probably traded less than three years. Also the majority of those who voted on this thread didn't post any arguments. Therefore how can you conclude that the majority of voters are qualified (by both experience success) to judge even for themselves what is the best method? How can you or I or any of us make that supposition on such limited information suppose that it will be correct for the majority of newbies when it is entirely possible that the majority of voters were newbies themselves?

Here is a comment a bank trader who is one of the most successful traders I've met. He was responding to me in a discussion about their bank's approach to developing traders:

"Forex trading as you know is a high volatile business dealers go through years of on the job training before they can trade currencies on their own. Their Trading skills are developed through continuous on the job training. Over the years each dealer develop their own appetite for risk 90% of the time they end up getting it right."

Only about 10 percent of their traders who complete their training program end up being unsuccesful traders. It doesn't exactly point to "study on your own" as being the best method. Why promote point one as being the "best advice" when we don't know how valid the advice really is?

Maybe it's the chosen method of the 90 percent of traders who lose maybe it is represented statistically here.

DB

[FXer]

I have read many of the post here I am amazed at the number of people who attempt to trade using their own system. No wonder so many are losing.

I signed up with FX Trainer three weeks ago My demo account is up 35% in value. There are many different methods of trading in the forex I strongly believe that FX Trainer has the best teaching support program. The business opportunities are also good. With the referrals I have made to date I have paid for my education.

Out of all those choices in the vote the option to pay for an education was not there. If you attend a FREE seminar how do you think those seminars are being paid for? They sell you software or they require you open a trading account. That puts you in the mind set to trade with REAL money before you are ready.

FX Trainer is not a broker. They sell training as an option you can subscribe to their charts which provide buying selling indicators. No robots or expensive software. We use a free trading station you are free to us any broker you wish. They teach you how to trade they do not sell you software that may or may not be around in a few years. An education on how to trade stays with you for life.

Since FX Trainer has no financial stake in whether or not you trade on a demo or live account they stress a slow learning curve so when you are ready to use real money you have already made the most common mistakes.

Their program works.

More Information

{Dear Todd ! Advertisement is allowed only in the Classifieds Section of our Forum. url deleted }

[mishak]

Dear Forex fellows

Please be aware that FXTrainer is a MLM system so do not take the word of FXer about

My demo account is up 35% in value

Take care have fun

[FXer]

Sorry about the link. I tried to keep it low key but I thought it was on topic about poll. I voted for other is said "explain"
But I will not do that again.

To the topic about FX Trainer being MLM. yes there is a directly marketing component OPTION to FX Trainer but I have several people who are not buiding a network yet they have found the training extremly helpful including experiances traders.

So my goof with the ad aside I would suggest that FX trainer offers a good alternative to the choices listed in the poll question.

[DB]

Originally posted by FXer
To the topic about FX Trainer being MLM. yes there is a directly marketing component OPTION to FX Trainer but I have several people who are not buiding a network yet they have found the training extremly helpful including experiances traders.

So my goof with the ad aside I would suggest that FX trainer offers a good alternative to the choices listed in the poll question.

Just can't resist another opportunity to promote huh?... Well at least it is nice of you to destroy your own credibility as well as that of your product by shamelessly continuing to promote your product while acting apologetic. But let me help you destroy it a bit more...

Didn't you already broadcast the benefits of fxtrainer? Didn't you already try to tell us how helpful FX trainer is? Mishak intervenes to warn other traders but do you stop? No you apologize but in the same breath turn right around continue to promote the product you have for sale.

Good trading systems that are for sale are more rare by at least 100 times than poor . The most noticeable characteristic of the good is that they do well without such shameless persistent promotion by those who make money them. Any system whose advocates (like fxer who make money break moneytec policy to promote on these threads) is not a likely pathway to success. If it was there'd be no need for such shameless promotion. People with good systems don't need to break rules in order to sell them.

The experienced traders on these forums who have nothing to gain through their endorsements of products are the voices that have the most value. The voices that consistently have negative value ( will probably cost you a lot more than the price of the system) are those who have to violate policies to sell their products -- especially when people try to stop them still they continue.

Personally I think people who invade these threads against policy in order to promote their systems should be made responsible for the trading losses of those whom they sell their systems to.

Obviously that is very unlikely but if such legislation existed there'd be very few people promoting their systems here instead of where it belongs in the commercial section.

DB