Forex Student Position Available - Enquire Within.

Guys, here is the problem with trading systems... They all fail at something. Some trade trends well, others swing trade well. You get F'd when you trade the incorrect system for the prevalent market conditions. If you get 58% of your trades successful, you are a super stud.

last count i was on 83% but i haven't tallied up for a while.

Thats why i'd never use an expert advisor (robot), they just can't handle the market conditions. No mechanical system will ever work. Too many external factors like i already said!

I use different strategies depending on how everythings looking. I advise you do the same!

Jamie

@ Jammie - Save me the trouble of having to read 3 pages and trying to figure this out. Why are you offering your training for free? Is there a catch? Do they have to sign up under you somewhere for you to get credit/commission? Will they owe you money/percentage in some way down the road?

With some of the forex affs paying 150 a LEAD it could prove lucrative.......

An earnings disclaimer with a profit share built in also a cash cow.

There are several "pay for tips/advice/trades" sites out there charging from 29-99 pounds a month up over........

Forex/Spread Betting/Day trading is very similar to IM. Lots of "experts" with different twists - bottom line nobody does anything longterm for free and again same as IM there i a LOT of information out there for free and some damned good books as mentioned previously

I came accross this after paying ( and getting a refund) for a Dow trading course. PArts were unclear, googling questions I realized guy had copied huge sections from this book.


Market Makers Edge- Aff

or Market Makers Edge at any good book store

Candlestick Charting - AFF

or Profitable Candlestick Trading at any good book store. Not an easy read but worth perservering with.

A method which is underused and powerful.

Bottom line is markets are manipulated as the Forex pros here have stated , however the power of the new trading systems is that you can get in and out in a few minutes make a few points or pips and slowly build profit.

If you are in UK check out spreadbetting - its tax free and several of the big players offer free training courses.

I am no expert and do not claim, after having done this for a while to be in a position to train anyone but I do KNOW 4 people from various backgrounds who have IGNORED most of whats written on FX/Day trading sites .....stood back...studied,paper traded THEN Traded for REAL. They now NET 300-800 a day and are only doing it part time.

That is a huge difference......paper trading is like "bummer just lost 500 bucks"

Real trading given same scenario is like -ass falls out and you feel sick lol.

Hence need to develope right approach - take it slow and build up profits slowly.

i hate there platforms though, i just found a company called GTF global markets that have a downloadable platform for spreadbetting. Its pretty good, nothing special but kicks the ass out of any web based platform i've ever seen. Thats the only reason i don't use other SB companies. Abit silly, but i'd rather the platforms means alot to me!

i might just bite the bullet though and try to get used to a webplatform, i just never trust there datafeed or charts i guess. Would be nice to have some smaller bets then i could start everything tax free (which is very nice).

As far as i'm aware you need a "primary" income for spreadbets not to be taxed? Does anyone know how primary this has to be? like could my brother employ me for 2 hours a week to make him coffee, or does it have to be larger than the other income? I hate UK tax law. >.<

PS - started trading that new account, got 2.5%, hoping for >10% by the time markets close. If i get it, i'll post the results here tonight.

Jamie

Rob the Builder said:

So

http://img208.imageshack.us/img208/7681/auggh5.jpg

Shows results of paper trading with a practice account?

Guess Phil will be the one to watch here........

Click to expand...

Just for information...

I have worked with/for a large number of FOREX dealers / spread betting companies. From time to time I do some consultancy work with them - therefore, it would be unethical for me to have an account with any one of them and so, as a matter of personal choice, I don't have an account with any. That way I can't be accused of bias or of operating with a competitor.

OTOH I did do my PhD studies in this area and I'm pretty well qualified to see if something isn't 'right'.

So - I won't be following this with cash - but I will verify that prices were correct at time of trade and that the results stack up. Why am I doubtful? Because I've known, literally, thousands of people who play these markets over the past 30 odd years and I have yet to see anyone consistently beat the markets - in FOREX or any other market. I would certainly expect some of the trades to go pear-shaped.

And I've looked at various people who teach trading - I know a lot of them - and whereas they can teach how to trade and indicators of when to trade that knowledge is also available to every trader. We can talk Technical trading - Gann, Elliott Wave, RSI, Bollinger Bands, Candlesticks, Fibonacci, whatever - till the cows come home (although this really isn't the forum to do it in).

The question is - will Jammie's trading system stand up to scrutiny?

But - we'll see

Thanks for verifying that phil, i trust that'll help me in the long run! Anyone else can happily check them and everything, i'll even go as far making a video logging into MT and showing account history if its required.

I expect trades to go wrong. The main reason why my trades go wrong is not my system - its me. I'll make myself think there is a setup when there isn't, or it isnt the right time to enter the trade, or i forgot to check something really simple.

I had a 600 pip drawdown on 2 trades yesterday (EUR/USD) but still wouldn't og got a margin call so atleast i know that i can survive "worst case scenario" - pretty lucky it wasn't my actual funds or i'd of bottled it a long time ago.

So far today i'm up 5%, with -2.5% in open trades (currently), once everything closes i should be up just over 10% though. Not bad for a day 'eh!

And phil, i'll show you my method sometime. I think you'll be suprised at how simple it is.

USD/JPY - short @ 107.26.

Good luck to all of us i guess!

Jamie

Hello !

I am interested in your offer.

*Male
*No Forex experience
*Have a Skype

These days money means- surviving to me as I am a student.
I study medicine, I live in a rented room with my university mate and I work on an ambulance. Life's no easy for me at this period. A lot of money goes on studies, rent and all other daily needs.
And of course my sunshine... It's such humiliating to love a girl and to be penurious.
So I'm searching for ways to earn extra money, and I think I finally found one !

Well i didn't manage to get 10% by market close, we'll see how my positions do when the market opens in 24 hours.

Made some pretty bad calls, but hopfully they'll even out. We'll see 'eh.

Thanks for the continued applications/support/challenges/critisism.

male/24/in the US but have Skype

Money isn't everything in life but is like oxygen.

i do not have much money. there are goals and certain things i wish to obtain or complete. my goals do not require much money... but they do require a great amount of time and effort. but since i spend most of my time trying to make rent and pay for my younger brother's schooling... i cannot chase after what i want. money will give me more time i can spend on pursuing what i want.

In order for a man to reach his full potential, he must be rich. This is a fact and there is no point arguing about it. Sure one can find spiritual abundance from meditating and living in the nature. Sure one can find sexual abundance by mastering his social skills. Sure one can master his health by behind a professional athlete. But no one can truly reach his potential if he is not rich. Every man on this planet has a purpose, something unique that he has the potential to give to this world. If one is wealthy, he has the means to give this gift to everyone.

This planet is abundant. Money, women and health are everywhere. If you fail to see it, you will never have any of it. Your beliefs make your reality, and this is a truth about money. Opportunities to make excessive amounts of money are all around you. Most people are not rich because they are not sensitive to the world around them. They live life in a walking daze. Money is easy to make, and actually grows by itself.

Rich and wealth do not equal the amount of money you make, or you have. The person with $300 000 of savings, living off $30 000 interest a year on an island in Thailand, spending his day writing poetry because it is his passion, is richer than the doctor working 60 hours a week for a $300k a year salary.

How one values money has a strong influence of how rich one is, or will be, as it is difficult to work hard, and you do need to work hard to become financially independent, for something you despise. People with positive beliefs about money won't waste it on junk, and will enjoy making it, having it, and growing it. He will buy more assets than liabilities. Someone with bad beliefs about money will hate himself for having it, and his subconscious will make everything in its power to get rid of it. We all know people like that. They buy tons of liability such as new cars, houses, TVs, etc. But in the end, they don't own anything that has any value.

How one values himself has the same kind of influence. If one believe he is worth 1 million dollars a year. In the same way as if you put a fit athlete into a morbidly obese person's body, he will do anything to make that amount of money, and the athlete will probably work insanely hard to recover his fit body within a coupe of months. If one thinks he is worth $30 000 a year and he suddenly wins the lottery, chances are he will blow it in less than 5 years. Same thing applies for everything in life: money, women, health and relationships.

Sincerely.

Male, 42, Canada, don't even know what the word forex means. Total noob at everything online. If you could teach a noob like me then anybody could be taught.

My essay on what money means to me.

Freedom to do what ever the hell I want. To be in such a position that I could look anyone in the eye and tell em to go to hell. To be the boss period. That's what money means to me. I'm old enough to know that most of the altruistic stuff is pretty much crap.

well markets opened an hour ago and not all my positions closed. i hit 15% closed profit, but with huge drawdowns at the moment still. One position is recovering but that'll take 3/4 days to get into profit so i'll catch that on the way, and the other was going into an eternal pit of doom but has slowed so may reverse sometime soon. I wish i'd of used my stop loss!

I'll keep you all updated though, but my advice for now is play it safe & take a long position on EUR/USD - if you got in at the right time you could of made 500 pips on the swing then 200 so far back on the reversal in a week which is a huge number. Shame i'm too impatient to wait for an optimal time to enter & exit >.<

lets hope this is a good week for us. Might see abit of volitility with the lehman situation though, we'll see how it effects everything.

Jamie

i don't think it could of got worse, reversed as i thought it would now and got in on the swing for an extra few pips, should be closed in a few days.

other position closed which was nice - might be able to get 20% before that stubborn position closes.

and OUCH! 40k? either you trusted someone, or you made a silly mistake! you better of got it back!

advise for today is short GBP/USD. cba with any details for the moment, but is not a hard trade to see!

Jamie

jammie stop bullshitting man if you making that amount of money why share your secrets wont that bring compititions into your game cant believe some of this blackhaters on here that supposed sniff bullshit from miles away falling for this scam juz like that dude like six months ago that wanted everyone to help with his myspace schemes i sat here and watch as people cried hes a scammer that son of bitch lol hope you guys know who im talking about 2 remember the dude that wanted everybody to sign a fucking application with their skillz? lol