NetPicks Forex

[gyda62]

I am thinking about purchasing Netpicks Forex SwingTrader. I was was wondering if anybody has done this, if so, please comment.

Kind regards

[moneybldr]

I was with NetPicks for a little over 4 months. My account decreased by 50%. They claimed that there was a problem with the software and that they were trying to get it corrected. Never happened.Never had a winning month. This was my 3rd Automated Account. They all sounded great and presented figures to back up their potential success. My recommendation is to learn to trade your own account.

[Trader-X]

I recommend that you just take a look at what swing trading is, find a very good extreme money management plan, and follow it. Spread your risk over multiple pairs, be patient, and trade interest positive.

I had Netpicks months ago, when they had a different trading system(that did NOT work). You dont need to pay a subscription fee to figure out what they are doing, its simple, and its better if you figure it out for yourself and take responsibility for you own results, I think it will make you learn better.

I have followed these ideas, and at least if not exceeded their results, so dont waste your money, save it for trading!

[Ageorge]

Try their demo first. I also had very bad experience with NetPick Signal Service. They were not honest and their customer service sucks.

[gyda62]

Thankyou for your reply guys, greatly appreciated.

[phoenix-trader]

Originally Posted by Trader-X

I recommend that you just take a look at what swing trading is, find a very good extreme money management plan, and follow it. Spread your risk over multiple pairs, be patient, and trade interest positive.

I had Netpicks months ago, when they had a different trading system(that did NOT work). You dont need to pay a subscription fee to figure out what they are doing, its simple, and its better if you figure it out for yourself and take responsibility for you own results, I think it will make you learn better.

I have followed these ideas, and at least if not exceeded their results, so dont waste your money, save it for trading!

Trader-X, if u dont mind, what exactly are they doing, anyway? my gut feel (based on listening to a pre-taped "conference") would be that they're using MAs, but i would most certainly like to hear ur conclusion of their methods.

thanks,

[Trader-X]

Originally Posted by phoenix-trader

Trader-X, if u dont mind, what exactly are they doing, anyway? my gut feel (based on listening to a pre-taped "conference") would be that they're using MAs, but i would most certainly like to hear ur conclusion of their methods.

thanks,

Supposedly now they are doing something new. When I was using them, they were using pivots I think. They just gave out order levels for you to enter before the european session, they didnt say what method they were using, but my guess would be pivots.

My advice overall would be not to trade with someone elses signals, period. If you want to learn to trade, study the markets, and start with very small size.

[phoenix-trader]

gotcha, Trader-X!! thanks for the answer, and the helpful note.