Need help urgently plsss

[XM177E2]

Hi forumites, i used GFT demo trading a few days ago and today a broker from
GFT gave me a call. We talk hours on the phone and he taught me basic step by step
on how to use the platform and he encourages me to open a standard account with them
for USD 2500 and right now if I were to open a standard account with them, I will
get a free training 1 to 1 session on the phone and via microsft office live meeting.
The 1 to 1 free training worth USD 400.
Points that he listed:
* If I were to open a standard account with them, I will get free 1 - 1 tutorial
and no obligations to trade with them. Which means I can choose to take out all my USD 2500
anytime.
* Everyday, we can agrrange time for the tutorial lessons till I learn how to trade.

I would like to know if the above mentioned is TRUE?

[bobnat]

Give me the $2,500 and I'll teach you how to trade. The guy at GFT is a dealer, probably never traded in his life, nor did anyone working there. The only thing they'll teach you is how to churn and burn your account while they take a percentage of it as the spread. Don't be in such a hurry to lose your money.

Nat

[ampris2000]

don't bother spending your money. you can learn to trade on your own.

actually, the VT trader platform isn't the best but they do have some "automated systems" that alert you when to buy and sell. you could use that with MONEY MANAGEMENT and make a decent amount with your 2500.00. Stick to the 4 hour chart if you decide to use their alert systems though.

[ampris2000]

use woodies cci. you'll make some money with that.

i don't use it alone as the document states because sometimes it will tell you to buy or sell and the market isn't trending or it's right at support or resistance. BUT if you do follow it you can make some money.

I mainly use it for entries and sometimes exits.

here is a webpage about woodies cci, a woodies indicator for metatrader as well.

http://forex87.googlepages.com/woodiescci

the mt4 indicator goes in the experts/indicators folder. you will then need to load it and compile it.
then in metatrader, go to indicators, then custom and you should see it in the list.

[XM177E2]

Originally Posted by ampris2000

don't bother spending your money. you can learn to trade on your own.

actually, the VT trader platform isn't the best but they do have some "automated systems" that alert you when to buy and sell. you could use that with MONEY MANAGEMENT and make a decent amount with your 2500.00. Stick to the 4 hour chart if you decide to use their alert systems though.

Hi bro, thanks for your help. Yep been demo trading and the broker from GFT told me demo trading is only like playing computer games. Opening an account with them with US2500, i don't spend the money it's just in the chase bank and i can take out anytime i want unless there is something more than meets the eye. Please enlighten a newbie....Thank you all very much

[ampris2000]

he just wants your money. it's not like playing computer games.

i use metatrader demo for their charts and to do my own analysis. then i make those trades on my live account from that data. i do this cuz my broker doesn't have the tools i use in their platform.

demo or live it's all the same. The only thing that is different is what is in your head psychologically concerning play money and real money.

ask to see his trading record or something and see what he says. just for fun.

[astro]

Originally Posted by ampris2000

ask to see his trading record or something and see what he says. just for fun.

lol, when I was demoing, I got a phone call from an "account manager" in one of those broker firms that provide forex services. He was trying to get me into opening a live account with them.
I told him that I'm not ready yet and that I won't open a live account until I'm profitable. So he said that he would help me to trade and that he made, quote: "hundreds of thousands of dollars" in trading.
Yeah, right. So now after you you're soooo rich, you work for a broker and get your paycheck every month.

No need to mention, of course, that I don't trade with this firm now...

Astro

[permanentjaun]

Actually you never know. I've search for jobs in Forex. One company said that you would be trained to trade and that you get 50% of the profits you make, yet any losses would be absorbed by the company. Would you take that? You can begin trading with larger capital than you have with little risk of losing it all. So while you could be personally trading you're still with a broker. Sounds good to me. Perhaps these people are in the same position?