My Good Advice For Newie's Name And Shame

[james]

Hi Everyone


BECARLFULL OUT THERE


When you are new to Forex its wow loads of money, this is possible but becareful.

SIGNAL PROVIDERS

Give me $39.50 or $300 per month and i will once in a BLUE MOON give you a good signal.Also

BUY MY SYSTEM

Give me $2,000 and get the holy grail.

There is lots of good stuff out there and lots of rubbish and scams to. Do your research well dont fall for the sales pitch.

In the next 2 weeks i am starting a blog for free signals , free systems and free anything else to do with forex any contributions most wecome .
If you are good at what you do Share a little , I will pass on any Info i find free of charge? . .
JUDGE FOR YOUR SELF .

Here is a free Signal Serivce. Now you can make you own

forex trading software

Good Luck

James

[jcarrier]

Sounds great James, I would love to have you mentor me and be more than happy to pay for it, so anything FREE is awesome. Thank you...Joe

[pippingtoddler]

Hey James- I have enermously benefited from your free-spirit sharing of trading prowess and look forward to your new blog. I would have been more than happy to pay for your mentoring. like you said, if you are good at what you do (trading,) then you don't need to sell systems and mentoring, bla, blaaa..as many sharks out there are doing it!!!! Only if you are losing or may be an average trader, then you will need to supplement your trading income with extra services..

Cheers,

[imransait]

hi james

good to know that , i look forward to it. i just saw ur 45 pips euro blog, will start to use it and keep in touch with you about its result

[groovenator]

One side that is clear as day to me but that people like you never bother discussing James is the fact that a good signal service can bring in money over the long term. Some people do not want to do Forex their whole lives and rather do nothing while living off the profit a Forex business like a signal service makes. They hire a good trader to make trades for the signal service; they make their customers money and retire to a beach somewhere never having to do any work again in their lives. If you charge $300 per person per month and have $500 people that is $150,000 per month $100,000 after expenses. I would think it better to sit on a beach in the Bahamas making $25,000 per week than sitting in front of your computer 4-45 hours a week.

You also need to consider people with busy lives that would rather get good signals than trade full time. You need to think about new traders who rather be in a chat room full of traders receiving signals so they can learn at an accelerated rate.

You make out the service provider to be a bad person scamming innocents. The reality is what you seem to miss, most people that sign to a signal service are good trader. They sign because it can simplify and improve their trading. The service provider themselves can be failed traders trying to get rich or they can be honest people wanting to retire from retail trading.

In life and especially in Forex it is best to look at every angle before making a rash decision. This is something you have failed to do today by writing this post.

You may ask why am I defending signal services, I am not I am defending a man I respect and admire greatly. That is my mentor who has turned me into a successful trader, he runs a signal service and while I have no idea about the quality of the calls yet I do know his reasons for running a call room. He wants to retire from trading Forex and a good call room equals good income.

I hope this post has opened your eyes to the different situations and possibilities. Now I would like to offer something, calling trade from a Blog is hard because people need to constantly check the blog to get the latest info. I would be more than happy to provide everybody here with a chat room to use. Everybody here can learn from each other in the room and James you can give your calls.

Everybody has an agenda for some its money, for others its ego. Nobody ever truly does something for free.

[james]

Hi There grooventer

You state in your post

while I have no idea about the quality of the calls yet ?

I think you are putting the cart before the horse spring's to mind

Good luck to you hope you do well

Regards
James

[groovenator]

You seem to miss the whole point, I am not arguing the quality of the calls I am arguing about the intentions of the signal services. You know I am right because you edited your post after you read mine.

I do not need luck I trade well enough without luck. I am just annoyed at the ignorance you display when you say 'if somebody is that good why would they charge?' (A line that you removed when you edited your primary post).

I have no disputes with anything else you do that line just really made me think 'what the ....?'.

[james]

There

I did'nt quite mean it like that

And I don't happen to think your right i edited the post because i had a party last night and had a few to many so i went over what i had written.

And for what its worth good traders dont use signal services.None i no and i no plenty and i am talking about bank traders but then it depends what you call good.if the company your trading with give good signals great and if you feel its value for money great also, your entitled to your opinion and I mine.This post is geared to new forex traders just coming into the market for the first time and they need to no some of the pip falls in my opinion signal sevices good or bad are a waist of money and thats my opinion its far better to learn for your self how to read the market and make predictions for your self if they were so good why will none of them offer a free service for a short period of time, the reason is simple they not consistent or confident enough but there monthly fees are.

I will give you one eg i Phoned a very big signal company about one month ago i will not name them but they are one of the biggest They wanted $3,000
which gives you upto 80% accuracy the salesman was on the phone for more than 1 hour telling me what it did i asked if the company has been going 26 years and its that good you should offer a free 7 day trial because veryone will buy this.No was the reply we dont that because we are so good we do not have to. Sounds good here you go there is my credit card $3,000 1 hour chat on the phone 80% accuracy . YER RIGHT Then i went to a few forums and the post's of people that have used the serivce very one was moaning them what a rip it came as no suprise.

All this system was is a couple of moving Averages and a fancy graph

I do not have a problem with people charging for services as long as they work and work well however it's best to learn to do your self.

Please feel free to post your results of your service when you use it

Regards
James

[groovenator]

I know the service you are talking about and I agree they are useless. Bank traders do not sue signal services because they work in a bank surrounded by people. They have a job like other people but some of us do not want to be tied down with a job. I am a good trader but I see so much more in life than a computer screen and charts for a few hours a day.

I joined a signal service with a chatroom for a few reasons.

1) A chatroom allows you to socialize as if you had a real job, it is like standing around the water cooler at work. Forums do to but they do not provide the same comfort as direct communication. Sitting at home trading can be monotonous as I am sure everybody here knows. So the trade call room chat allows me to communicate with other traders and yes sometimes even bounce idea off of each other. Also in a chatroom every person that runs it has their place it significantly cuts down my work load, somebody monitors oil prices, somebody the stock market, others the news headlines. It is invaluable having all those people working together updating you. It allows more freedom I could look at the stock markets to help trade GBP/JPY 4 hour my self but why not let somebody do it for me.


2) The freedom of getting good trade calls, I learned how to trade and now I am good but there are times when I rather be out at a movie with a girl. There are times when I want to be watching sports with my friends and sometimes I want to be playing sports. I rock climb down steep cliffs, I enjoy it a lot the freedom of being alone for hundreds of miles around suspended hundreds of feet from the floor just by a rope. It is exhilarating, now imagine having a PDA in your pocket whilst rock climbing you get a message pull it out connect to your broker and take the trade. That is the freedom a good signal service can provide.

I will still take my own trades but at least I know I can go rock climbing or I can go get laid without worrying about GBP/JPY rushing up 500 pips and me not knowing about it.

II willt ell you why they do not offer a free services, because people exploit that. Make a new email every week and you can join for free indefinitely. You are wrong about the consistent monthly fees though, the service I am with has a 200 pip guaranteed. If the calls they make do not end in at least 200 pips profit you get a refund.

You gave me one example of a bad service I can give you twenty but that does not mean I have to group all of them together and say they are all bad.

You are saying you didn't realize you were wrong you definitely changed your tune. First you said all bad now you say some are good!

It is best to learn yourself I do not doubt that and giving free signals is definitely admirable. I am not arguing that I am arguing that I am arguing you saying that all services are bad. You said that and you changed the wording yourself so what is it?

[groovenator]

I was mentored by the owner and just got through my first week in the room with not much profit. We ended with 20 pips not surprising seeing the lack of market movement this week. Last month was 400 pips what I like the most is that they explain every trade they take. It is not just a signal they tell you why they are in.