Singing Pig

Hi there

I am tempted to get involved in trading & I wondered in anyone has had any dealings with the following?

Does it work, is it rubbish, that type of thing.

www.freedomrocks.com

regards

kevin

Freedom Rocks - lol says it all.

I have not dealt with them but there are many similar programmes that claim to take the strain out of FX trading (it seems to be the new hot ticket) It is quite a good video explaining the rudiments of trading and I would imagine it would mean depositing a chunk of money with a US broker. One thing to consider they are in USA and will be trading that time zone so you will not see anything until at least 1.30 UK time.

Hi there
So is there the same sort of thing working in UK time?

regards

If you are thinking of looking at FX as a possible there is loads of free stuff out there without having to fork out monthly fees (which invariably most of these companies want) The biggest problem is that most of these systems show a PIP profit after 1 week or sometimes after 1 month,but along the way they have suffered numerous losses. All very well if you have a large bank and can absorb those losing runs. Secondly they may advise up to 7 or 8 trades a DAY (trying to catch up) When it is your money and you are trying to trade sensibly this in my opinion is not an easy thing to implement. I did join one (on a free trial) thank god i did not send them any money as it was a nightmare scenario, nothing until 1.30 uk time then suddenly Buy Euro at 1.2600 (Euro starts to go down) get knocked out of the trade -30 pips new Email Sell Euro at 1.2550 (Euro goes up) another loss 1 hour later Buy Euro at whatever price. This was a typical day and fortunately I was only paper trading but the losses were frequent and yes eventually they win some but in a real account this would be very difficult to manage unless you have loads of money.

Going back to your original question the honest answer is I don't know but there is a lot of PIPS to be had between 7.00am and 1.30pm which is NY open time.

take a look at this it will open your eyes

www.forexbastards.com

 

Yep, sure have. As far as I understood, they provide two types of signals.  First is regular type of buy or sell signals, where they tell you to buy or sell, and the second is they buy EUR/USD and USD/CHF simultaneously, and as soon as there is profitable deviation, they close the two pairs.  Well...their first type of signals have absolutely terrible money management in place, and from what I've seen in some people's accounts, those signals are usually overall losers in a month.

 Best,

www.secretforexsociety.com

(Traders Trading Together)

If the people behind Freedom Rocks knew how to consistently win on the FX they would not have hidden behind some veiled MLM scheme.