Instant Forex Profit System

[Dan Krueger]

Well, I'm not a newbie, but not once a forex greenhorn. Usually I buy and sell stuff or do dropshipping.
But today there was an email in my inbox and my superfast delete finger hesitated for about 1 millisecond ... "Instant Forex Profit System" What's that?
It took me 4 hours of research to land here with tons of ??????
I could not find any rewiev of Stephen Wilson's (Ph.D. from Oxford University, no traces on google!) thingie. Logical, when I checked clickbank marketplace: 60% commision. Gravity 19.02 position 11 of 93 for the search term "forex".
All kinds of "Systems" there, amazing. Looks like this forex marketing niche is interesting, but crowded?
Anyways, I found on #1 on clickbank a System, Gravity 254.12: "Forex Autopilot - Robots Trading The Forex Market." After reading on this forum all the thread about this at least controversial product, I got even more curious about this "Instant Forex Profit System".
So, before I just buy it, to find out myself, my question is to this community:
Anybody out there with test results?

Thanks for enlightenment,
Dan

[kagein]

Before you open your wallet ask yourself the following questions, do you really think something bought for a $100 or so will make you profitable? You should always be weary when you see words such as 'instant' followed by 'success' or 'profit' because the truth is nothing in life is that easy. The only true path to success is through hard work and dedication and we all know it.

There is a chance that i may be wrong and its a really good system, but what are the odds? With regards to test results, how do the sellers results stack up?

[Andrewunknown]

I've never heard of or tested the results of the software, though I'd be happy to do it if someone provides me with it. In a demo account, of course.

I googled "Instant Profit Forex System" - the first result that came back was a review that linked back to the original, typical 12 foot long page filed with the same old marketing schtick. Granted, the reviewer had never used the software, but was merely reviewing "Stephen Wilson's" claims, so that is of limited value, I suppose. The second google result came from someone who has used the software, evidently, but looks like a referral-mongering shill for the program, etc.

If I sound skeptical, it is because as you point out there are "all kinds of systems" floating around for sale, many of which are canned piles of garbage. This system, for example is touted as follows:

"requires no trading experience"
"only requires 5 minutes per week of your time"
"no technical skills required"
"It is widely used by professional traders or beginners with no experience whatsoever, simply because it WORKS." Professional traders, eh?

and last but not least:

"a winning ratio of 89-92%"

All of these suggestions are dubious, at best. You're probably more likely to make money as an affiliate selling this than as a trader (well, not a trader, because apparently it requires no trading experience") trading it. But then, one would be profiting off of a lie by basically misrepresenting information to unwitting "noobs".

[andyfx]

Sorry guys, thought i would quickly stick my nose in here. Am i wrong in the understanding that in order to become a professional trader- no matter what system, you need to live, eat, sleep and dream the forex market? I have been lucky enough (in an unlucky way) to be able to dedicate every hour god gives to the markets. Surely there is no such thing as a professional trader with no experience as Andrew was getting at?

As a fellow new trader i would advise anyone thinking of starting forex to spend as many hours as you can (or the wife will allow!) to the valuable resources on these forums and trading a demo account. If we could all buy a $100 system then wouldn't we all be in profit? Please tell me to shut it if i am wrong.

[tonymand]

[quote=Andrewunknown;48273]:

"requires no trading experience"
"only requires 5 minutes per week of your time"
"no technical skills required"
"It is widely used by professional traders or beginners with no experience whatsoever, simply because it WORKS." Professional traders, eh?

and last but not least:

"a winning ratio of 89-92%"

All of these suggestions are dubious, at best. QUOTE]


I dont need to do any more research than this. Its garbage pure and simple. Unfortunately I have lost the link to a fabulous article that detailed the amazing lengths that institutions go to to get an edge. PhD mathematicians, the best hardware and software money can buy etc etc. But populations through all times are suckered into get rich quick scams and thats human nature. The only way to make money at this game is to understand price action, develop some simple way or ways to take advantage of it, and have the psychological fortitude to stick with it through thick and thin. There is a game show here in Australia called Deal or No Deal which beautifully shows the effect of greed, regret and lack of understanding of probability as contestants try to make $200,000. It shows clearly why most cannot make it in this business

[andyfx]

HEY TONYMAND! Deal or No Deal is British born and bread! Hands off mate!

[Sweet Pip]

Originally Posted by tonymand

There is a game show here in Australia called Deal or No Deal which beautifully shows the effect of greed, regret and lack of understanding of probability as contestants try to make $200,000. It shows clearly why most cannot make it in this business

We have that here in Canada too! We watch it all the time and are amazed at the bad decisions. I've heard contestants say they watch it at home but it's totally different when they're on stage...I guess it's like going from demo to live trading in that sense. Anyways one day we hope to see someone actually win the million

[Andrewunknown]

We have the show here in the United States as well, though I've never seen it. Not much for television, aside from the Office (also a British show originally, I know!), which I catch on NBC's website, anyway. But, I've read about the show and heard co-workers discuss it, and your description is quite accurate and, I fear, symptomatic of how many approach the elusive prospect of getting rich quick.

[mytwopips]

Deal or No Deal

I hate to be mean. Maybe I am more like the greedy banker. But... I laugh my a$$ off every time one of the contestants walks away with nada.

They start off the show with good odds. The game is to stick around long enough until the odds are no longer with you. Then take what you can get and run. Hey, you walked through the door with nothing.

But then the greed takes over and they are forced to take horrible odds and they keep on rejecting the deal. Sometimes they get lucky, but most of the time I fill with joy when I see the look on their sick faces when they realize how stupid they were with the greed.

Sometimes they will have a dumba$$ relative (who you can look at and tell is a nobody) with them saying "I know you got, I know you got it, I can see it in the stars, My gut is never wrong, ... blah blah". Then whamo, $hitt city, nothing.

My wife is so silly. She will feel sorry for them. I try to explain to her they were asking for it. Then I will tell her about the markets and the goal of trading is putting odds in your favor and never being greedy. As for me, I don't know why, I am really a nice person. But... that show just brings out my evil side. The one I tuck away and pretend not to enjoy. That show gives me the excuse to bring it out and enjoy it. The only reason I watch it.

[andyfx]

Threads i sent of on a tangent count: 2!

Deal or no Deal is the classic greedy mans competition. I Just love the way that they walk in with all their numbers written down, the birthdays first etc...
Then the lucky charms! But i do have a slight amount of respect for the peeps who stick it out until the normally, bitter end! And don't get me started on the swap! Although im not sure it would be the same without Noel Edmunds. Right definatly sounding like the misses now!

Brittish comedy is probably among the best, but i must recommend a UK show called ' Peep Show ', has me is stiches no matter how many pips up/down i am! Any how i think we will agree this is a highly educational thread for 'Traders Relaxation'.

Keep laughing people!!

(edit) O yeah and we play for £250, 000 in UK!