Quote:
Originally Posted by LasVegasForex
Here the deal with Mr. Avi's Machine.
First off, I am not promoting his system in anyway, In fact I pirated it as I did every other trading system and ebook I have studied. With that said, I suggest you do the same. Thepirtaebay and Ares have saved me a lot of money.
I will say that his cashcow system does work, however if you are into daytrading and scalping, its not for you. I trade mini lots and with this system alone I can pull about 150-250 pips a month, guaranteed, Now by guaranteed I mean that you have to follow it to a tee and let the market determine your trades. Now this may not be alot of pips but it really takes about 30 sec a day to see if the conditions are right and another minute to carry out the trade if its the right time. The occurrence only happens about 5-8 times a month. Its a nice way to start my trading day as I sip my morning coffee. So with about a total of 20 minutes of work a month , I make an extra $200, small change, yes...I'd also like to make a million dollars at once but, Ill take $10,000 one hundred times!
Naturally If you succumb the the natural emotions of fear and greed and try to force a trade you will mess up the whole thing and be posting that it is a scam.
As for his runner method and flip and go method, I have no real comment, I do not day trade. I use a huge account balance and trade a max of three lots at a time. I use Andrews pitchfork methods to enter and exit trades. I refuse to trade the news, ( want to trade news events?, try the stock market!!!) Forex is a technical market and I don't care what anyone says. There is no get rich quick solution. (Want that? come to Vegas where I live...we have casinos for that!)
Most of investing in any form is control over yourself and having realistic expectations. Also you need to have capital. I wanted to get into Forex long before I ever opened an account. I traded demos for 4 months and finally opened a mini account with 10,000.This way I can weather the fluctuations as I hold positions from a few days to over a month.
Final note, If you are dumb enough to fall for a scam..you deserve it.
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Have you got any back/forward testing stats for cashcow? How long have you been trading it live?
I've got the ebook and I think it's put together pretty well. I've demoed forex runner and cashcow just a bit and both systems seem to work well.
Forex runner requires alot of screen time, especially during the london session so I had to give it up.
I look forward to hearing more about your results!