Financial Blog

by Tradingrichmom

Question by dmarth10: Any good forex signal sites out there?
I was wondering if there are any reliable, accurate forest signal sites out there. I’m looking for the safest signals. they don’t need to be often. just accurate. tips?

Best answer:

Answer by First Place Turtle
Check out Black Dog Forex signal system. It uses a simple multiple-timeframe trend following approach to provide its signals.

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Forex E-pips FapTurbo

Question by zoomba72: Is Fap Turbo any good for complete newbies?
I have just started learning about Forex and haven’t traded live yet so just wanted to know if Fap Turbo would be useful for me or a complete waste of time until I know what I am doing. Is there much technical inputting for this system to get it to work and does the software help you out with suggestions etc. Thanks

Best answer:

Answer by Timothy Stevens
Hi there,

It is good to learn basic before choosing where to go, If you learn the basic after that you might not even choose Fap Turbo =)

In Forex Trading, there’s alot of ways to trade in foreign exchange market.

Let me show you some example:

Using technical analyzes on moving average, pivot point, Fibonacci, trending, candle sticks and etc…

Using Fundamental like : economic news, us stock market, gold price, commodity of the market.

Using Forex Options like :

An option does not give you the currency, it gives you control over it. You pay for the contract which gives you the right to purchase this anytime during a predetermined period of time and at a predetermined price as well; both cannot be changed over the course of the contract. The buyer of the contract can make a profit if the currency’s value eventually goes up. The buyer could then execute his rights with the contract, purchase the goods at a lower price which was predetermined and be able to sell it at its currently higher price.

What do you think? Answer below!

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Question by Mark: Is AlfaForexEA a good Forex system?
Hi! I’m newbie in Forex. I have a question what do you think about this trading robot? I found this system review at this blog: http://www.trade2win.com/boards/blogs/alfaforexea/5320-alfaforexea-best-automated-forex-scalper.html

Best answer:

Answer by x
i believe most of them are crap.

if they actually believed in their system they would be no need to sell it to you as they would be making millions right now using it.

their system requires element of luck.

anyway thats my opinion

if you want forex educational material, contact me. i have loads.

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Forex E-pips FapTurbo

Question by charley: Fap Turbo, Good or Bad?
What is known about this system, does it work? Or is it just another scam? I have heard much good about it, but am still skeptical.

Best answer:

Answer by Cannon 4
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots like Fap Turbo appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called “Zboy227″ who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227″ tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

What do you think? Answer below!

Forex E-pips FapTurbo

Question by nicktom: As a realistic online investment opportunity in Forex – is “Derivedge.com” a good option ?
The Company seems to be offering a modest return, given the fact that FOREX can be very profitable in the right hands. Also, it is a registered Company, at least that is what it declares.

Best answer:

Answer by Joe
This site looks very suspicious to me, especially when they want you to use E-gold. I would not use E-gold for transactions. It is too easy to get your money stolen, and it is very hard to find out who stole it. Many scam artists like you to invest via E-gold because it is hard to trace them when they disappear with your money. Always use another method other than E-gold to transfer funds. If a website will only use E-gold they are probably a scam. E-gold has been indicted for illegal activities. (E-gold denies the charges which are going to court.)

I am not familiar with the other two money transfer schemes, V-Money or Liberty Reserve, unless you are familiar with them, I wouldn’t use them either.

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Forex E-pips FapTurbo