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The Ultimate FX Predictor

Discussion in 'Making Money' started by Olly79, Nov 9, 2008.

  1. Olly79

    Olly79 Newbie

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    Hi,

    Just wondering if anyone knows anything about this new systems and if it is just another in the long line of rip off's

    Also wondering if anyone has the system to share?
     
  2. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    no forex system is 100%, or anywhere near.

    And trust me, in the current climate, you really, really, don't want to be trading forex or any leveraged products for that matter.

    but by all means go ahead!

    Chances are its a shit system though. Unless it involves personal 1-2-1 coaching for atleast 3 months, i wouldn't look twice at it!
     
  3. azibi

    azibi Newbie

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    I cant agree more with Jammie and in fact I think most software won't work. However trading in the current climate has been perfect to me but am more a fundamentalist than a technician.
     
  4. mattstrike

    mattstrike Regular Member

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    Just my .02, but when it comes to FX, a person needs at least one of the following if they are looking at day/swing trading: Either a really good handle on technical analysis and what it means, a membership to a trading club that gives good "calls" based on solid analysis (but those are not cheap).

    Beyond that, though, I think that personality may be the most important thing. The most successful FX traders I have known are very detached when it comes to the trading. They do what their models tell them, especially when it is time to get out of a bad pair. Those people that I know that have gotten in to FX that play hunches, and especially those that hold a position long after their model indicates that they should have bailed, because they "feel" it will turn at any moment - those people lose breathtaking amounts of money very short periods of time.
     
  5. fred030

    fred030 Registered Member

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    I saw this system shared but i don't remember where :eek: , if it comes to me i will upload it
     
  6. smileplease

    smileplease Regular Member

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    Could anyone explain what "forex" is?
     
  7. azibi

    azibi Newbie

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    Foreign Exchange... exchanging one currency into the other.............
     
  8. peter1988

    peter1988 BANNED BANNED

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    by the way...this thread is at the WRONG section..it should be in the download request section....i had just posted a download request for this FOREX System.

    http://www.blackhatworld.com/blackhat-seo/download-requests/35163-req-ultimate-fx-predict0r.html
     
  9. metoo2

    metoo2 Newbie

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    I tried this on a 30 day trial. It was sold as "a point and click system". "If you can tell red from green you can do this", and "make £27000 a year tax free easily"! But the manual was hopeless. It was just a transcript of an equally bad video presentation. The guy spent at least 1 maybe 2 CDS showing you how to install the software and where to find keys on your keyboard, then raced through the charts and never even got to showing you how to do a trade. And there was no help menu. It was sold as ideal for an absolute beginner, which is what I am and what I will stay. OK there is one to one support virtually round the clock, but the whole thing seemed such a drudge I sent it back and hope I get my money back (£2500). It might be a good system, but the "course" as they called it, is a dog's dinner.
     
  10. azibi

    azibi Newbie

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    Yeah, I am not surprised. Thre are hundreds of this shit around. If you really want to know a bit about forex start reading a book about it and focus on learning. Pm me and I ll give you a free book and perhaps know a way to get your money back(quicker)

    Regards
     
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  11. plut0

    plut0 Regular Member

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    I think the "holy grail" are haven't found yet. so don't believe on people selling that. If you want to make money through forex. my suggestion is try to consistent to your trading system that you found it fits you.
     
  12. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    there is no "holy grail", no system will ever work well. If your an economist, fundamentalist or a technicalist, you'll never win! So whats the other option?

    Well ... thats why only 5% of traders win ;) All i'll say is, maths, and more maths. Not in a technical analysis, just some things in nature have more order than meets the eye. The same applies to markets.

    If i knew now what i knew this time last year, i wouldn't have lost so heavily in the economic environment we're in at the moment. Ahh well, life goes on!

    Just a note to all those who are searching for a system; stop. please. You can't predict the future based on the past. Technical analysis (although i agree it works) is no basis for any system. No one can tell what will happen tomorrow or the next day, so fundamental and economic analysis won't help. Look deeper than this. You'll find something.
     
  13. azibi

    azibi Newbie

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    I disagree on this. Fundamental analysis together with a little TA like supp/res levels combined with an RSI DO work. Dont talk of mathematics. The brightest mathematicians were hired by the major NY and London investment houses and they all went flat on their balls. It's like Sir Isaac Newton said:" you can't argue with physics" In Forex: "you can't argue with fundamentals......And by the way, the main reason hat 95% of all traders lose is b/c of over leveraging.....

    Think about it

    Regards
     
    Last edited: Dec 25, 2008
  14. billyjean65

    billyjean65 Junior Member

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    i believe no forex system is 100% so many variables that can be predicted and the majority cant....
     
  15. azibi

    azibi Newbie

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    Right on BillyJean, but i know some forex methods (programs do not really exist) which have shown correct over the last 3 years. And I repeat it's just a method based on fundamentals and a tiny bid of basic TA. I don't know whether you are an experienced dealer or not, but if you need more info please feel free to PM me and let me know your experiences so far. Oh and btw, I am not trying to make a buck out of you. All free info.

    Kind regards
     
    Last edited: Dec 25, 2008
  16. Whisker

    Whisker Moderator Staff Member Moderator Premium Member

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    Where on earth do you come up with these statements? Fundamentalist traders can filter out a lot of the sideways movement in the market where a majority of losses occur by sticking to conservative trends and nailing their entry and exit points.

    My indicators have been wrong 5 times in the last 68 trades, so how do you account that I(and others taking the same approach) are not winning? I ask you to at least backup your unsubstantiated claims with SOMETHING before you start throwing around percentages like confetti.
     
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  17. azibi

    azibi Newbie

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    Well said WB, apparently Jammie belongs to that 5% that always win and thereby takes for granted all the others here in the forum belong to the 95% losers. He's the smart guy, we are all just plain stupid idiots or scammers! LMAO
     
  18. plut0

    plut0 Regular Member

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    If you want to win on the market... just follow the madoff.
    :D
     
  19. wakkaoaka

    wakkaoaka BANNED BANNED

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    Well, i know jack all about forex. Hope to research it in the new year. One of my friends apparantly earns $40 a day from a forex system, i wont take his word for it though. IMO i would rather learn how forex works, what happens with exchange rates in the short term and long term. What sort of trade deals are going on, and current events. It does NOT matter if we are in recession or not. Money is constantly being flung around, you just gotta know enough about the game to be able to predict where the money ball lands.
     
  20. chaser

    chaser Regular Member

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    Starting from appoximately 170th page a guy tested automated advisor, some interesting reading there
    http://www.trade2win.com/boards/forex-strategies-systems/30722-concept-forex-177.html