Pros and cons on "Premiere Trade Forex LL"?

Question

Thinking about going to their seminar on Mon. What is the talk about thier product?

Answer 1

These people that Answer are incredible. Because they've heard some hearsay about something "like" what you're asking, they think you want to read their endless drivel.

I own PremiereTrade and use it every day. There are over 1,000 people signed up on their Message Board, but the number of people using the software could be 2 or 3 times that number.

They are a group of traders, that have a system that works rather well. They are not software developers just selling software. This is the distinction your other "Answerer" missed, or has not a clue about.

They have an excellent support team, a very functional and useful Message Board, an informative Live Trader Commentary and even several chat rooms.

Here is a link to their message board. Since it is web based, anyone can look, but only members can post.
http://www.premieretradeforums.com/forum/

You can read about the software and the problems people are having to your heart content. But realize, the successful ones do not post any problems, or anything at all.

Particularly, to see the quality of help you get, read the comments by London (his name is Mark) under Potential Trade Ideas.

They also have several one-hour radio shows on the web each day for training and updating and news. All of these shows are archived so you can listen to them whenever, at your leisure.

PremiereTrade is having growing pains right now, and going through a transitional period. They are on the verge of a new software version release in October (free upgrade).

By the way, I've traded stock index futures and options for 15 years, but I've only traded Forex for a few months. My account was up 41% last month and 40% the month before. This month I'm down 16%. Not many people can do this well, but it is possible if you are ready to work hard and learn and study.

We get a lot of people with unrealistic expectations who are mostly lazy and just want to "get rich quick." They expect someone to give them "The Answer."

If you are only interested in the money, there are probably easier and better ways to do that. But if you are interested in the "process" of trading and the constant change of the markets, then you might do well to purchase the software.

Answer 2

They won't really teach you anything besides getting you started in trading the forex with their software. Maybe they'll get into technical analysis and introduce things like MAs but nothing that will actually help you or make money. If it's free, great, see if it interests you, if it's not free, you might want to cancel your registration as you'll be wasting your time.
I don't know about the company in particular but there's a ton of companies like them that let you trade currencies while taking the ask/bid spread, they're crooks and are only useful for small time investors or someone learning. Also, MANAGE YOUR RISK!! They typically have leverage which just multiplies the risk, start very small and small leverage if you go for it.

Answer 3

1

Answer 4

You want to learn about Forex, you should visit http://www.forexnewstrader.com This site will show you how to be successful and not just teach you what Forex is.