Friday, November 23, 2007

4x made easy/forex products

Good Morning,

Today i am going to talk about 4x made easy and similar forex products. So many people fall victim to this product (4x made easy) its sickening. It leaves a bad taste in the mouths off all the victims and they blame the forex market.

Its plain and simple, you cannot buy some type of autopilot software and expect to make millions in the forex market. 4x made easy costs $2200 a year plus $4000 for the software. There is no shortcut in the market. 4 grand is enough money to open a 100 grand account on most broker sites. The broker sites don't charge you a monthly fee either. They make money on the spread. the software 4x made easy gives you is a crap software. In order to be successful in the forex market you NEED to know at least the basics of Macro economics, technical and fundamental analysis. You have to know why the market is moving. If you want somebody to tell you when to buy or sell, you might as well just hire a money manager.

There are hundreds and thousands of autopilot software out there that costs money and some that are free. My advice to you is go out and buy books that are not co written or sponsored by somebody who is selling a product. Because that is there only goal.

I personally use meta trader as my charting software and gain capital as my broker site. I haven't had any issues thus far. Meta trader is free and has all the signal and indicators you'll ever need.

The key point I want to make is don't buy forex products buy information about the forex market that is not written or sponsored by somebody who created a product for the forex. I've met a lot of traders who have products and those who don't. The real professional traders don't sell there strategy. They teach it or keep there mouth shut. Because if you had such an awesome trading system why would you be out selling it, when you could be trading it? One of the best teachers i've came across is a man by the name of Andrew Spanton, He is the owner of Global FX LLC. He runs a trading firm that teaches people to trade VIA his radio show www.globalfxradio.com He cares about people making money. That's his goal, and if he likes your trading style he'll even give you his money to trade and give you half the profit.

So if your interested in going into the forex market. Go buy books about the forex, open a demo account and trade. its ok if you blow up the account. That's how you learn. But please people!! Don't go out and spend 4 grand for crap software!!!!!

JP

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