if you have heard of her or even use her system I would love your opinion
2007-06-20 23:37:54 · 9 answers · asked by Becky 2 in Business & Finance ➔ Investing
Hi,
Her system ( which is called Foolproof Forex ) supposedly has had very good results but my own testing of it didn't prove very successful. It is based on the movement of forex prices after announcements are made but in my own tests (which I admit were hardly exhaustive but sufficient for me decide the method wasn't for me) resulted in me getting 'stopped out' too many times. Now, as my disclaimer, I'm not saying here that the method doesn't work because over a period of time it may be profitable. For me though, in my own tests, it didn't prove to be so.
2007-06-21 04:47:26 · answer #1 · answered by Chris 3 · 0⤊ 0⤋
1
2016-12-24 19:35:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635
It's probably the best way to learn how to win with binary option
2015-01-26 01:38:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Forex trading is more about "Money Management" than picking the right direction. There is no "system" for Forex. The few (very few) people that sell positive results (honestly) are usually "winning" about 55-60% of their trades. In addition their "drawdowns" are beyound belief...... like 25% - 50% or more. Not a fun way to make money by most standards.
Learn FX, create a model of trading good for you & follow tight money management rules. Seek out some books which include the psychology of trading. One of which I'd suggest is;
"Trading For A Living" by Elder.
Best of luck to you!
2007-06-21 00:25:45 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
The ONLY people who make any money related to Forex trading are the people who sell "systems to make money Forex trading". It's all bogus. No-one can tell the future (much), so think about it, if you really could make money by Forex-trading, why would ANY country in the world ever have a poor economy? Would wouldn't the government of Zimbabwe, for instance, use their considerable assets to leverage their way out of a crisis using "Louise Woof" wisdom?
Unlike the stock market, "Forex-trading" relies on someone else losing money for you to make money. That's a "zero-sum" game, which is not the way the international economy actually works. In practice, YOU are the one that loses money, and the folks selling the "system" are the ones that gain.
Don't waste your money...
2007-06-20 23:52:10 · answer #5 · answered by Anonymous · 0⤊ 1⤋
You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://www.goobypls.com/r/rd.asp?gid=551
Good Bye
2014-08-31 20:52:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-19 03:54:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you want to make money with binary options then this detailed educational articles and strategy guides. Go here https://tr.im/e5FOQ
These will teach you to efficiently trade financial assets and increase your winning probabilities. You can implement these strategies at binary options brokers. The idea is to always choose legit and reputable brokers to avoid being scammed
2016-02-13 18:00:16 · answer #8 · answered by ? 3 · 0⤊ 0⤋
SCAM SCAM SCAM......
if there was a system, y would they sell it and NOT keep it to themselves...
if u knew a way of making good money, would u sell it? NO !
2007-06-21 04:34:53 · answer #9 · answered by bluecow 5 · 0⤊ 0⤋