Comments on: “Novice Crew to Rob Banks Legally” Mac X. Forex

By: Crazy B

Crazy B — Fri, 18 Apr 2008 03:04:22 +0000

What do you know about the Bakken Billions. Is it for real ? Its in Montana Area and the claim is that’s it s bigger than anything in Suidia Arabia
THx

By: ros freed

ros freed — Fri, 18 Apr 2008 02:57:13 +0000

I had a ersonal experience on the front end of currency trading…..I used a third party wire transfer company to send $2,000.00 to Costa Rica. My local state bank wa having trouble figuring out how to wire money to a country it had never heard of! It wrked fine, I paid $75.00 for the transfer.
Then I needed to transfer $20,000.00. I contacted the same company,they said it would cost $200.00. I said no thanks, they said ok, only $75.00 flat fee. the money got to Costa Rica, minus $1,400.00. THEY SAID I’d signed up to currency trade and my “trade” had resulted in a loss of $1,400.00. After many e mails back and ofrth, they suggested I send back the $18,600 to them and they would refund $20,000.00 to my US bank. I said if they thought I would wire good money after bad, they must think I was even more stupid than I thought I was by now. I never could get the money back, and gave it up as worthless waste of time and effort…..my currency trading story! I guess if they can do this often enough, currency trading would make big bucks. I reckon I’m a fairly savvy person with a good grasp of right v dumb and stupid, but they got me.
ps Gumshoe is the only e mail I always read…I have 230 right now, of free newsletters, actually they are not “free” as I have to spend my time reading them. Thanks, Gumshoe, I will find a minute to make a contribution because you really deserve it!

By: Pat

Pat — Thu, 17 Apr 2008 23:20:03 +0000

I too got the Insider Code with Mac X and returned it. A lot of hype here. You can get a better basic education for free from BabyPips.com

You are supposed to be able to trade along side Mac X but I didn’t see very many trades.

By: G IMBURG

G IMBURG — Thu, 17 Apr 2008 23:10:41 +0000

I have studied FOREX for 5 years.I trade regularly with moderate success. My best advice is do not play it unless you are well versed in technical analysis and fundamental analysis. I use both, but I trade like a floor trader. If you are not practised,you will lose.
Many of the brokers offer a free 30 day promo that gives you a free taste of the difficulty.Try it before risking any money. I would also advise watching the market on regular basis to understand movement. An accomplished trader can make well over a million a year, but the learning curve is intense.
The system was created by bank traders and it is their market. To think like they do to win takes a long time to master. They regularly trade bank funds. Weird to think what they are doing with our money.
Unless your committed to learn, dont even try because your account is just liquidity for the pros.

By: beowulf

beowulf — Thu, 17 Apr 2008 20:14:04 +0000

Spreadtrader,

Thanks for the info. I hadn’t thought of it in that way before, but I suppose a bet on a foreign stock market is a bet on that country’s currency (if the currency moved up against the dollar, then your holdings are worth more even if the market average stays flat).

I vaguely recall reading in some investment book or another of an investor who did very well tracking which foreign markets performed the worst last year and then buying their country funds this year. I guess he was banking on regression to the mean. Will have to backtrade that (or find the newsletter guru who already has).