| automatic Forex trading?

automatic Forex trading?

KingTimber asked:


I would like you to give a review about this software from : http://forexsoft.us/default.asp.

their product GoldNStream claimed 3000% per year profit. has anyone prove this.

thanks

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4 Responses to “automatic Forex trading?”

  1. asif k on July 19th, 2009 8:55 am

    don’t fall for it. forex is a very difficult game. i have made money doing it and then lost it all. i beleive the only real way to money in the forex market is to take a position for the long term, which obviously means assuming risk. the market is too volatile for the short term trader. the exception would be the floor trader who has superior information at their disposal. there are too many head fakes in the game to make any short term ’system’ useless, atleast for the retail trader. develop a market view, go for the long term if you can afford it. right now i say sell the euro against the yen and the dollar.

  2. Charlie Mike on July 19th, 2009 8:42 pm

    Hey buddy, you are in luck, you are talking to the initiated here in the baptism of fire. Such general claim is too presumtious to catch the uninitiated. While I do not dare say it doesnt work but to say it works for everyone is too much to stomach especially we are talking about extreme volatility. Some program even claim that they have a 70/30 win ratio but as one trader points out, out of a 100 trades, the 70/30 is an average figure, for the first 30 trades could be losing trades and it still fall in the 70/30 ratio. But question are you still around after 15 losing trades, psychologically and finacially. A more balanced course I think would be Forex Mentor if you ask me, by Peter Bain.

  3. Paul U on July 22nd, 2009 12:02 am

    You are smart to ask for input before investing any money.

    The best site that I have found for honest reviews of Forex tools is a site that has a weird name but good content.

    3000% profit in a year sounds a bit farfetched. Perhaps they forgot the decimal point a few digits ago!

    Best of luck in your Forex experiences.

    May all your guesses be good ones.

    Paul

  4. Brandon L on July 24th, 2009 5:01 pm

    I suggest you rather try out this