Day Trading & Forex Forum

fhb22266

Can anyone recommend Avi Frister's 'Forex Trading Machine' as advertised in the link from T2W home page? As with many trading authors he makes some bold claims.

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Indecision -- I don't suffer from it! ... or maybe I do?

ZEPPO

He claims that you can start trading Forex with an account of $300...something smells bad here; I'd like to know about his money management techiques.
On the other hand, Dirk du Toit claims on his "Bird Watching in Lion Country" that you need a minimum of...$10,000! He also recommends that you do not open more than 4 or 5 positions (on the same instrument).
Now that makes sense to me!
Eduardo.

rusty

Did you purchase his product and if so what do you think of it?

Whitenights

Yes, I bought it and (for me) it's really an excellent product.
Especially the EOD technique.
After downloading the ebook (that is literally well written) I simulate a real trade of it on my cmsfx demo platform and it was a winning trade of 100 pips (I also backtested the past).
Now I decided to switch to a real account and fund it with about 2000 EUR to start and applying
the money management suggested by Avi.
I bought tons of books on trading (many rubbish), but this is probably the first one that will really work (and has a mechanical approach to your trading day that Is fundamental for long term survival.
It doesn't use any indicator.
Give it a try, It's well worth.
Bye Corrado.

jebigabre

I agree with Whitenights comments. I've been just using the Cash Cow strategy described there only so far and it has been profitable for me. He shows you another 2 intraday methods if that's your thing and they will give you generally more opportunities per month to trade.

Dekoob

Jebigabre,

Of course you would find the method profitable, as you appear to be making money from the recommendation of it, by introduction on your website.

Dekoob.

Whitenights

I don't know if the preceding post has been done by someone involved commercially by advertising
forex trading machine.
What I mean is that however I think it's a real good product.
I described my impressions because of helping persons who want to trade forex and doesn' find
a strategy profitable. I really spent many dollars using my credit card to buy e-books on stocks, options, futures.
For example I spoke about 60 minute trader of chris kobewka giving a negative opinion (on trading futures).
I'm not payed by anyone and I'm simply giving help to other traders that are sincerely reading and writing on this forum.
I'm saying the truth and so my opinion on forex trading machine is sincere and honest
Bye Corrado.

ZEPPO

Corrado, like you I have spent my share of £'s in books, e-books, lectures, and trading losses.
I am therefore a bit wary of parting company with the $100 or so asked by the author; you claim that the system is profitable.
Could you be more specific? Have you back-tested it, and if so, what expectancy does the system offers, along with winners/losers ratio in terms of trades and $'s, and what risk/return ratios can you expect?
Corrado, I am not trying to catch you at anything - I am genuinely interested in "Forex Trading Machine" and would like some feedback from someone who already has purchased it, that's all.
Cheers. Eduardo