New system from Alleycat

[John Churchill]

I note that Alleycat have introduced a new system, as advertised at http://www.alleycatnews.net/forex/

Has anyone seen or used this and have any comment to make?

John

[gogga]

I also came accross it, but after reading sooo many posts on signal providers/software packages, i will stand aside and wait for some one to post results before i would consider it.

I burned my fingers once with signal providers and will not make the same mistake twice.

Hopefully some one would be so kind to post their findings on this new release.

[robertvo]

I would be little skeptical about buying a Forex system from a website that also sells candies for weight loss....

Rob

[upcash]

I bought their first e-book called Forex Profit System and as a beginner found it very helpfull it got me started with the basics.
I have just completed a weekend course here in Australia with a guy that really laid out what trading in this market is all about
2 days befor the course started he e-mailed everyone a trade for the next day and it made over 100 pips that really started the course on a high note
This guy has shown us how to see past the right hand side of the chart

[poncho]

Hi Upcash,

I am interested in taking a course like the one you took. Is there a possibility you can post the contact info on the course you took??

Thank You..

[upcash]

Poncho the course is in Australia however people have travelled from New Zealand to do the course all the info can be found on boomerangfx.com The Traders name is Alexander du Plooy
Good Luck
upcash

[Makedon]

upcash, without giving too much away, is it possible for you to tell us approximately how much the course cost and whether you feel you got value for money?

I'm always dubious about courses in stocks-FX-futures-options as they seem to charge 25 fold the amount it would cost you to illicit the information from a few good books and internet sites.

I could be wrong though.

[foroz]

I had a look at the boomerangfx site and find that there is no longer any mention of seminars in Australia. This may be because they do not meet the Australian requirements to be licensed by the Australian Securities & Investments Commission.

Whilst FxSol has US regulation, there is nothing on the site quoting an Australian finacial services licence.

Now I know this is all very confusing when you live in Australia, let alone if you live outside of Australia, but Saxobank were prevented from continuing to have Australian clients other than through companies here that were licensed.

Here is the first part of what was sent by Saxobank to their clients earlier this year:


"Copenhagen, March 9th, 2004
Dear Client,

As a result of changes in the Australian financial services legislation introduced a while back, Saxo Bank is no longer able to offer our trading services to retail clients residing in Australia as of March 11th, 2004. "


Educators in Australia have found that they too possibly need to be licensed under ASIC.

There certainly has been a reduction in numbers of people coming into the major cities wanting to charge big dollars for seminars on options in recent times.

ASIC made at least one company pay the pips they received as an Introducing Broker for forex companies back to their Australian clients.