Hello, I’m a total newbie here. In fact I was unaware of this market until a few days ago when I attended a 4X Made-easy seminar (sales pitch). Like many sales pitches it sounded too good to be true, although I was extremely intrigued with the concept.
Sitting in a room with about 50 other people, I could easily see how this was a profitable gig for GlobalTec (4X Made-easy software company). At $3000/person, just having 10 folks sign up was $30K. Not bad considering it was the second session that day. Realizing that I didn’t know enough (or anything) about this Forex market, there was no way I would shell out $3K until I researched it further. I assumed there had to be this kind of information on the internet, probably for free (alas I found BabyPips)!
Now, I am still curious about the system they were pitching. Has anyone here tried it? Does anyone know what metric(s) is behind their easy to read “buying pressure/selling line”? Any comments, pro or con, would be appreciated.