Posts Tagged ‘proof’

The Renegade Network Marketer and Sieg’s System Were the Beginning - What’s Next?

Wednesday, January 14th, 2009

Every day hundreds of savvy network marketers and even the old-school MLMers purchase Ann Sieg’s Renegade System–a funded sponsoring proposal lead generation system–but a lot of them do it unknowingly.

What they initially picked up was a copy of her e-book, The Renegade Network Marketer, but after they read the book they realized they get a lot more than just words and ideas.

Just as Mike Dillard has done with his Magnetic Sponsoring, Sieg’s book comes with her Renegade System. Although different in many ways, both books and systems have empowered network marketers to move into a new era for the networking industry-the era of marketing.

First & Second Impressions about The Renegade and Magnetic Sponsoring…

Many progressive networkers, and even some of the old-school MLM types, fumble through the first pages of The Renegade feeling a bit anxious because there’s a sense you just found the mother-load… like stumbling into a goldmine but realizing you can’t carry anything home until you do some heavy lifting.

And it’s true. The Renegade introduces you to an entirely new fascinating world, where people come to you instead of the other way around… where you can monetize like a real business for much needed cash-flow… and where you can get in front of a huge trend whereby millions of people are moving online.

But making the switch from old-school to new-school will require some work and there’s a sense you can’t move fast enough. Most networkers have quite a bit to learn about marketing before they ace the new model… with that said, it’s light-years easier than building the business the old way.

But the feeling of ‘overwhelm’ is there… and it’s similar to how many people felt when they found Magnetic Sponsoring… overwhelm and excitement.

Between the two books, the Renegade had the greatest impact because I saw a missing component that I did not see in Magnetic Sponsoring–I was looking for the best way to teach my clients and team.

I had read Mike Dillard’s Magnetic Sponsoring and had employed some affiliate marketing strategies and the funded-sponsoring proposal out of what I learned in his MLM Traffic Formula course, but it wasn’t until I found The Renegade Network Marketer and its ’sister’ System, that I felt I could teach any of this stuff to my team.

This is what’s most important to me because in network marketing it’s about duplication.

I had been teaching network marketing (the old-school way) for years, and coaching is a passion. So when I saw how well Ann had put her Renegade package together specifically for beginners, I was excited to expand upon it. I started planning how I’d gather my team and clients and come back to mine the gold together. And that’s what we did.

Within weeks, people who had been wasting thousands of dollars on leads to build their network marketing business and getting no where, who were afraid of Internet marketing up to that point, were employing The Renegade System strategies by following simple tutorials we had set up.

Click here for a video overview of The Renegade Network Marketer

Over a hundred people on our team made the switch within weeks. We threw out the cold-calling and warm market stuff forever, and started generating leads and new income with the Renegade. The prospects started calling people on my team and they were thrilled. Over a hundred of my clients (many from other network marketing companies) started generating their own leads list, and then monetizing it. The whole ‘training experiment’ was a smash.

What’s Next for The Renegade’ers and Magnetic Gurus?

The next big movement in this new model for network marketers is teaching others how to set it all up in step-by-step tutorials like we’ve done. I’ve seen proof of its power. People flock to you by the thousands to learn.

If you want to create your own system to do this make sure it is set up for the beginner in very small bite sizes, and that it’s visual so they can literally follow along.

Also, remember how much Ann Sieg emphasized monetization in The Renegade Network Marketer. Make sure your training system increases monetization not just for you, but also for your team and prospects who should be able to use your training system with the same benefit you do.

I think you’ll see this kind of training take the MLM industry by storm, and to the next level of maturity because it’s exactly what the majority of network marketers who have read The Renegade (or Dillard’s stuff) need.

So find a system that does this, like one we’ve created called Renegade University, or create one that meets the criteria above and you’ll be ahead of the curve, positioned to attract a huge number of prospects to you, while earning a lot more cash flow if you monetize it properly. Then, you can lead those prospects to wherever it is you want them to end up (like your MLM business, for example).

“It’s a whole lot easier when the prospects are coming to you, Mike says.”

Mike teaches network marketers Internet attraction marketing, emphasizing “no and low cost” strategies with Social Web 2.0 Media.

Get Click-by-Click Help Setting Up Your Marketing & Attract More Prospects to You

Learn with Mike to generate your own prospects list, and how to monetize with cash-flow strategies that allow you to afford to keep building the network marketing business you’re in right now.

Forex Robots - The Myth Financial Freedom the Reality Losses

Saturday, December 13th, 2008

If you are looking at trading a forex robot, then you need to be careful as the myth of a life of luxury and wealth for a hundred dollars outlay is rubbish. The reality is losses here’s why.

They all have great names that indicate how they take on the forex market and they produce great track records and you think hey! That’s great I should be able to make that!

The reality of course is the track record of profits is nothing of the sort it’s a computer back test knowing the data, well that’s hard.

So they haven’t made any money which is not exactly a recommendation to use one but you do get lots of people on the online telling you can get rich and how they are to and then of course, you follow the link and what a surprise there selling it and making a commission.

Now there is nothing wrong with that at all but some of the stories are just ludicrous and these are some of the reasons I have seen to buy them.

- Trade the market with 90% accuracy!

Really well the banks and brokers better sack there dealers as these robots could take over, not even the best traders I know trade with this figure its fantasy not reality.

- Its Designed by a Whiz Kid Banker etc

Why is this good, or an advantage? It doesn’t mean the robot will win and most of the time the mysterious developer is never really outlined.

- Make money on $100.00

Another dumb idea. With leverage and such a small sum unless you are luckier than I have ever been in my life you won’t get anywhere with that volatility will take your money quiickly.

- You don’t Need to Know what your Doing or anything about forex

Of course you do and if you did, you wouldn’t buy a robot with a simulated track record.

- You Can Trade it in a Demo Account

Often see this gem trade it for a week or two, well any trader knows that’s a waste of time in evaluating a trading program. You need a two year period as a minimum, if you have the patience to do it - but forget a week or so means nothing.

- You Get a Money Back Guarantee

Big deal it would be better if you got a money back guarantee on your losses.

Know the myth of the whole world buying these software packages and packing in the day job is not going to happen neither are banks brokers and investment houses going to sack there dealing teams, even though the robots simulated track record is great.

The reality is these systems are sold with slick marketing and no substance, for example the basics of any proof they can deliver automatic profits, which they advertise.

Steer clear of them and get the right forex education and win. Sure you have to work but you do in any area of life but forex for the effort you have to put in will give you the opportunity to earn a great second or even life changing income.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
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For free 2 x trading Pdf’s, with 50 of pages of essential info on Currency Trading Systems visit our website at: http://www.learncurrencytradingonline.com.

Overcoming Fear in Forex Trading

Tuesday, October 28th, 2008

One of the main factors which prevents a trader from making gains in his trading is fear. Too often when it comes to putting down the money from a trade, a trader will back out filled with fear of losing his capital. This is a common feeling that one will get when venturing into something that they are not sure about. Furthermore even when they do trade and lost on their first bad trade. They will mostly be withdrawn and resort to “safe” trading using only 2 % of their capital.

Bear in mind fear and caution are two entire different matter although the feeling is similar. In all forex trading caution is a necessary stance to adopt. If we do not have caution, then we be trading completely on whims and fancies. When such is the case, everything becomes unpredictable. Also it is a bad investment strategy to adopt. But there are some tips which you can follow to to remove fear from your system.

1. Tackling fear at its root cause

The first thing to do is to identify the root cause of your fear. Some will say it is because of the fear of losing money, but most cases the reason runs deeper inside us. In fact one of the primary fear a trader has is to get laugh at by their peers making them feel foolish. The second reason is a self fulfilling prophecy that if they see “proof” that they are no good in forex trading.

When you know the root cause of the fear, it become a very simple matter to get rid of it when you look at it objectively. For example fearing to look broker by making mistake. When you find that, it is common to make mistakes when you are new, the reason to fear vanishes. Mistakes actually helps us to learn and be better traders.

2. Keep learning

One critical thing you can do to build your confidence is to keep learning about the markets and the trading strategy you’ve chosen. It’s perfectly natural to be afraid of taking on a risky venture when you feel like you don’t know what you’re doing. Books and courses are fine for this, but if you have the chance, finding a mentor is even better.

3. Learning from your mistakes.

Do not not view mistakes negatively. Instead view them as lessons to be learned. By studying your mistakes, you can gain insights as to what went wrong and what you need to do to correct the mistakes. So view mistakes constructively as it is part of a learning process. So when you are equip with more knowledge and insights, you wont feel so fearful of making the same mistake again.

4. By continuing to trade even when you made a bad choice in one of your trade, you will break the cycle of fear. It is fine to take a break after an upsetting event but the best medicine is for you to move on. Do not throw up your arms and call it quits. If you need to built up your confidence level first, use a demo account to trade. That way you can trade realistically using just “Virtual money” to see your progress. It is also broker to be one of the best game in the world as it let you have a feel of the real world forex market with risking any money.

So next time you feel that you have a little fear creeping into you system, utilize the tips. Remember fear and caution are two different concepts so do not make the mistakes of confusing yourself with both subject matter. Caution is good but fear is bad.

Need elite Forex Trading Softwares with reliable statistical elements? I highly recommend that you review 10 Minute Forex Wealth Builder to trade up to 500% more effectively!

Silver Surfers Prove to Be Keen Online Bankers

Thursday, October 23rd, 2008

When it comes to embracing net technology silver surfers are leading the way, according to recent research from two leading online advertising and measurement companies.

Those aged 55 and over are classified as silver surfers, referring to the prevalence of grey hair amongst the age group and research has identified that it is they who are logging on in ever greater numbers following the widespread roll-out of broadband across Europe. At the end of 2007 almost twice as many silver surfers were using the internet as at the start of the year, with a survey from net Value recording a staggering 90% increase.

So, proof that the older generation has eagerly embraced the internet and for them one particular feature is a godsend: online banking. Indeed, a survey by the European Interactive Advertising Agency (EIAA) found that 53% of silver surfer respondents did their banking online, taking advantage of the convenience of arranging their finances from the comfort of their own home.

The EIAA survey also found that older people spend almost 78% of their weekly average 8.8 hours online for personal reasons. As well as banking, the older generation also spend a lot of time investigating their family tree and shopping. They also spend more cash per head on the internet than any other age group, including surprisingly those in the 18 - 24 range, blowing apart the myth that the net is a youngsters’ phenomenon.

The major UK banks have not been slow to pick up on the rise of the silver surfer and typically offer products designed to appeal to more affluent people, particularly those looking for a monthly income from interest payments. So, in addition to providing day-to-day online banking via a current account most banks now offer online saving accounts, many of which offer a higher rate of interest than would be available through the branch network.

For example a monthly income online savings account can be set up to transfer the monthly interest automatically into the account-holder’s current account. Monthly income accounts are very popular amongst retired people as are other types of accounts that offer significantly higher interest rates in return for tying up the capital for a specified period.

It is these types of accounts that are attracting affluent and net-savvy silver surfers, although they are not exclusively for that age group. But, while the amount of older people on the net continues to grow you can be sure that banks will be rolling out accounts designed to appeal to them in ever greater numbers.

Disclaimer:
This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only, and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.

Automated Forex Trading Systems - Useful Or Useless?

Tuesday, October 21st, 2008

Trading on the Forex market is definitely one way people can make huge profits with even small movements in exchange rates of different currencies. At the same time there is an element of risk involved and a loss can be suffered if buying or selling at the wrong time.

If a magical formula or system existed and was able to be applied when trading on the Forex market, it would certainly reduce the risk involved - but also significantly reduce potential rewards. The truth is there is no 100% foolproof system or formula when trading on the Forex market due to the nature of how the market operates. There are simply too many factors that need to be evaluated and no single entity can strongly influence how currencies perform on a daily basis, even when knowing all factors likely to influence currency movements.

In saying that, automated trading systems have been developed and tested through countless backtests and even with this extensive testing, there is no guarantee such systems can make a profit on all trades. The simple reason is again due to the fact so many factors need to be evaluated and no single entity can make a significant impact on the market.

This doesn’t mean all automated Forex systems are pointless, but does bring in a reality check. If a flawless system existed it certainly wouldn’t be made public as it would significantly reduce rewards for everyone if everyone was using it. Automated Forex trading systems can certainly play their part when it comes to helping people understand the market and how different factors might have some influence on currency movements, but they should not be seen as an easy way to get rich quick.

The benefits to be gained through using an automated Forex trading system are more educational rather than wealth building. They can help people plan their strategies and test them without risking any money in a simulated environment. However, even if performing as expected in a simulated environment it doesn’t mean the real market will perform with similar results.

Another possible benefit of automated Forex trading software might be that it helps reduce the amount of losing bids and consequently prevent significantly higher losses. This could be seen as reducing risk - but risk still exists. Even though there is no guarantee bids will be won, preventing heavier losses is a positive thing and can result in significant gains over the course of a year compared to not using such a system.

Whether you have strong feelings for or against automated trading systems, they can still serve a purpose in helping people understand how the Forex market works, even if it is in a simulated environment.

Grab the latest automated Forex trading system from http://www.forextracer.co.uk and learn how it can help make or save you money today.

Need Money Now? Earn it Online in Just 24 Hours!

Wednesday, October 15th, 2008

You are broke, busted and disgusted; and, the economy has gone absolutely berserk! Gas prices have sharply increased (up to $4.00 + per gallon in most places); food and everything else is following close behind. On top of that, you just got slapped with a financial emergency. You Need Money Now!

Some emergencies require money within 24 hours. Talk about pressure! But, with the advent of the Internet, earning money quickly has become easier than you might think. How much money? We’re talking about One Hundred Dollars to One Thousand Dollars. For some, this would answer their unexpected emergency financial need. Don’t think you can do it?

You can! Here are some income possibilities for you to consider:

1. Ebay - Look around your home. What do you have of value to offer on Ebay? First, however, conduct some research on high traffic items, those that received successful bids, and don’t forget to factor in the appropriate shipping costs so that you can get an idea of what is popular and earning money on Ebay.

Once you’ve determined what you want to sell, take complimentary pictures of your items (take them in the best light - maybe even outside) to upload to Ebay. Do a first rate job; you’re going after getting the best price for your item.

2. What skills or services can you offer to the Internet community? Services required include but are not limited to: copywriter, editor, proofreader, data entry, virtual assistant, customer service, website development, webmaster, programmer, ebook writer, and others.

Be sure to always give valued-added services or over deliver for the price you’re asking. Your credibility and income depends on this.

3. Once you’ve looked at your skill set, join forums created around the services you’re offering. Some of the skills listed above are often requested by forum members.

Forums offer not only great opportunities to get to know the Internet Marketing community but also an excellent, free of charge, IM education. There’s a goldmine of information just waiting for you to tap into.

4. Online jobs are another option to investigate. A Google search of “legitimate work at home jobs” or “free online work at home jobs” will provide some excellent information on your job search.

5. Offering affiliate products within a niche to the Internet community can create the money you need overnight. Whenever you answer the need of someone else your own needs are then met. Moreover, the Internet community is screaming to have many different needs fulfilled. Find one of those needs and meet it right now. The money comes because you’re providing what the Internet community wants. That’s the key.

Some affiliate programs offer PayPal as their payment processor which means that you can actually see instant payments to your account in real time. If you don’t have an account, it is easy to get. Just go to their official website and register free.

Making the money you need in the time needed takes the pressure off! You’ve got what it takes to earn money online quickly! Now all you need do is take action!

Click Here to Earn From $100 to $1,000 in as Little as 24 Hours. Estelle T. Dunomes wants you to earn instant income to finance your unexpected emergencies in these economically tough times.

7 Career Success Secrets

Friday, October 3rd, 2008

In a competitive world every employee seeks to increase his/her job success skills and thereby increase their promotional prospects. These seven success secrets will help you.

Be early or arrive 10 minutes before time!

Let your employer know you are valuable. Doing an excellent job is of no help if the boss who promotes you doesn’t know it, or thinks otherwise! It may even hinder your promotion. You’ll feel good to do a good job, but unless it’s backed by a promotion you’ll feel frustrated and let down. So let your employer know by volunteering for any problems in the office and let your boss know who did it. Collect the credit to your account!

Show initiative. Be the new idea bringer! And then offer to take charge and implement them. Show leadership qualities here. Go the extra mile, even the extra millimeter. It’s all sometimes you’ll need to stand out from the pack! And do this all with a smile, let it be a joy, not a burden. Come up with fresh concepts and ideas and convince your colleagues to support your ideas. Never shy from a good challenge and when your colleagues say it cant be done, show them its possible and do it. Believe and bet on yourself, but always be accountable. Value yourself. When your boss looks out for a new project leader, guess who he’ll choose!

Keep personal problems at home and personal. So if your boy/girl friend has dumped you deal with it outside of office hours and talk. Remember business is business and personal is personal. Some the most effective business leaders have been those who have successfully separated the two.

Never say words like “IT’S not my job” to a co-worker or the customer. Be prepared to work and when given a task give it your all, whether big or small. Be flexible and try to assist wherever possible to the best of your ability. This attitude will not go un-noticed in the long run.

Show an attitude of follow-up for all jobs undertaken. Delegate well to show good leadership skills. Collaborate with all the company’s methods, goals, new working policies and generally play the team man. Be a team player but an inspiring leader at the same time. Keep your inbox to a minimum and keep all pending jobs to an appropriate folder. No employer likes to see a huge “pending” tray.

Keep up with the latest by reading books in your field. Keeping abreast of new ways to work, operate will show your boss you’re seeking to improve your ‘on the job success skills’. Be like a sponge and always keep a open mind. Observe, listen, read and ask questions. Know all you can about your company, its history, and its mistakes. Know your brand how it’s made, what goes into its production. Otherwise, study you job in all its aspects. Above all know your goals or aspirations. Knowing them will give you a strong reason to excel in whatever field you choose and rise up.

When you deserve a promotion go to your boss with an updated list of proof and reasons to support your appeal. Don’t be afraid to show the progress you’ve made the projects you’ve put together and your accomplishments. Otherwise these may go unnoticed. In other words. SELL YOURSELF!

Sharon Alexander - Claim That Job

For more information on how to manage your career successfully, and to get a free job hunting report, visit Claim That Job at http://www.claimthatjob.com.

What Moves the Frozen Concentrated Orange Juice Futures and Options Market?

Wednesday, July 30th, 2008

Basic Fundamentals

When you are considering a trade in the frozen concentrated orange juice (FCOJ) market you need to look at Florida. The bulk of Florida’s oranges are squeezed into frozen concentrated orange juice. Florida accounts for almost 98% of U.S. supply, and almost 40% of global supply. When looking at the Florida crop some of the basic fundamentals that you should consider are:

1. Hurricanes The 2004 and 2005 hurricanes that hit Florida did tremendous damage to the Florida citrus groves. Much of this damage is still being felt today. Not only did the storms: knock down fruit, break limbs, and uproot trees, they spread disease. Citrus diseases are the most serious threat facing the industry today. Some analyst fear that the end of the Florida citrus industry may be right around the corner.

2. Citrus Canker In 1995, citrus canker reappeared in Florida after being wiped out in the early 1900s with an aggressive eradication campaign. The eradication campaign of the 1990’s was restricted by lawsuits from homeowners who complained about their backyard citrus trees being cut down. The 2004 and 2005 hurricanes spread the citrus canker bacteria so thoroughly across the state that the USDA cut funding for the eradication campaign and declared it a failure.

3. Citrus Greening Citrus greening is undoubtedly the biggest threat facing the Florida citrus industry today. It has devastated citrus groves around the world. It first appeared in Florida in 2005. It has quickly spread to all of the 32 counties in the state with commercial groves. When a tree is infected it produces small, hard, and bitter fruit. It dies in approximately 2 years. Citrus greening is spread by Asian citrus psyllids which are tiny insects. There is no known cure or way to stop it.

4. Freezes In the 1980’s, freezes triggered major price movements. Cold weather tore out the heart of the central Florida’s citrus industry. This price volatility was memorialized in the 1983 movie Trading Places with Eddie Murphy, Dan Aykroyd and Jamie Lee Curtis. While freezes are not considered as much as a risk today due to heartier varieties of trees, and plantings farther south it should never be underestimated. Just ask the residents of Frostproof, Florida.

These are just some of the basic fundamentals to keep in mind when you are considering a trade in the frozen concentrated orange juice (FCOJ) market. The geographic concentration of FCOJ production makes it a very volatile market. Therefore, before opening up a commodity account to trade FCOJ you should consult with a licensed commodity broker that follows the FCOJ market to discuss investment strategies.

There is a high degree of risk involved in trading the commodity markets. It is not suitable for everyone.

Alexander B. Ramey
Senior Broker
FGI Trading Group, Inc.
(877) 880-8490
http://www.fgitrading.com

Dear God, I Am A Good Christian! Pass Me The Holy Grail In Trading!

Tuesday, July 8th, 2008

Money.

Indy, or Indiana Jones was one of my favorite heroes. Remember the movie about the Holy Grail and the scene where he has to choose between the holly grail and his life? And although it seemed that he lost from his touch the Holy Grail he gained his life! What is more important than survival first? Investments are no different than the eternal search for the holly grail! If someone finds the system that is 100% foolproof then here we found within seconds the next billionaire at the cover of all major economic magazines!

Stop for a moment! Look around you! Is there a chance for someone to discover the one system that beats everything else all the time and make someone extremely rich? And if someone becomes so much rich why would he or she want to share the secret with others? Why? After all if more people learn about this idea it will eventually be useless as some will try very early to get a spot and the effectiveness will go from 100% towards zero as fast as a super car accelerates from 0-100 Miles per hour what is the point? Come on give us a synopsis!

Some systems and trading ideas are better than others indeed. But no one is the best! Investing is a very fascinating thing! For start there are a lot of options from the traditional stocks to more risky ones such as options and also other alternative forms such as real estate or hedge funds. Have you ever thought that since the idea of the holly grail is that it is unique that could it be possible that such a system if it existed it would be impossible to fit for all occasions? Investing in stocks is much more different than investing in real estate or precious metals. But the marketing which is something very powerful these days wants us to believe that there are gurus everywhere fallen from the sky as angels!

Ok so Dear God, if not the holly grail please pass me the best guru to make me rich! Silence again. Why? Investing builds on some major steps.Education,training,experience,solid risk management, control of emotions, balanced life and motivation. Yes motivation and action. Being an Economist I discovered very soon the idea and passion must say of learning how to invest properly and hopefully make it a career.

But what someone needs is also passion. It is no fun watching the ticks of stocks movements or forex quotes. But if someone tries to make money out of it there is a cost. And the best way to pay this cost is to be a pioneer. Experiment with what you know or do not know about how the markets work. Put the odds in your favour making your analysis. You do not need to buy each book claiming that it has the one system that will make you rich or subscribe to a service or newsletter paying thousands of dollars per year. Be open-minded. Why pay a lot of money when the real cost could be much less? Is it impressive to cost you a few hundreds or thousands of dollars for their access to the Holy Grail that does not exist? Why to share it with you and split the profits?

On the other hand paying for research and guidance at a reasonable price is definitely not a bad idea if you trust the author and offers extreme good customer service. But once you learn how to invest even with the most basic way why would you need a mentor anymore? Have you ever wondered that if you win and make profit the key to success is consistency? Think of it. If you only could make lets say 5% each month and compound this amount each month then if you can do this for 10 years each month an initial amount of 10,000 will reach the amount of 348 times higher that is 3,5 million dollars. And if that investment is in stocks and add some quality meaning dividends earned then it could be much more. Ok 5% each month each month for 10 years may seem irrational to you but my point is to use it as an example. Change the numbers and inputs. Do your own homework and research.Diversify!Apply very good risk-management criteria. Have a passion for it. And a dream and a goal. My goal is to learn as much as possible about the financial markets and be a good trader. I may not become a top one but at least this is my holy grail : Consistency and Compounding. Keep it simple. All the best to your efforts and trading results.

http://www.themoneycosmos.com

Economist,MSc In Economics
Level II candidate in the CFA Program
http://www.themoneycosmos.com

Forex Scalping Systems - The Truth About Profit Potential From Day Trading

Sunday, March 16th, 2008

Forex scalping systems are promoted as a way to make a regular income and build huge profits but none of them deliver profits - why? One simple reason and its enclosed in this article.

Forex scalping - “earn 300 per day”, “predict tops and bottoms with pinpoint accuracy”, “earn 5,000 a month” etc

Those headlines always make me laugh and you always see a graph that goes up and up but of course when you invest your Investment goes down and you get wiped out. Lets look at first at these track records and why forex scalping systems can never work due to the logic their based on.

Any forex day trading or scalping track record will carry a disclaimer which will be or similar to the following one:

“CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.

What use is a track record with this written next to it?

It simply means the track record can be made up and they are don’t fall for the hype of the advertising copy, there is no proof of real profits, its all simulated in hindsight and that’s not hard.

So why Doesn’t Forex scalping work?

Its common sense to anyone really, countless millions of traders all with different aims and motivations and all different make up the market price. It is ridiculous to try and figure out where this group of traders will push prices in just a few hours and this is easy to prove.

Any volatility in short time frames is random by its nature and prices can and do go anywhere. You have no way of getting the odds in your favor and if you can’t get the odds in your favor, you will lose - it’s as simple as that.

The theory of forex scalping and day trading is fundamentally flawed.

So why do people buy the theory despite the fact the evidence is there for all to see - it makes no money?

Greed and naivety.

Vendors put about a good story, supported by meaningless simulated track records. Its all in the advertising.

The novice forex trader swallows the story, trades and takes a loss and the vendor walks away with a guaranteed profit.

Nice and simple.

Why risk trading your own system ( you will notice no vendor has a real one to support his claims) and why would anyone trust a forex trading system a vendor sells, if they don’t trade it themselves?

Leave forex scalping and day trading to the dreamers and the losers and concentrate on trading the odds and looking at longer time frames.

In forex trading you can make big gains - but you need to avoid the myths and profits via forex scalping is one of them.

Concentrate on getting the right forex education.

If you do this you can enjoy currency trading success.

NEW! FREE PDF REPORTS
CATCH THE BIG TRENDS NOW!

Get free essential trading Pdf’s on catching the big profits from the big moves and a Currency Trading Systems visit our website at: http://www.forextrendfollowing.com