Here's the difference:
I just set up a new twitter account: 2whare with the express purpose of following & learning about how to trade on the Forex Market - so i went in search for anything resembling FOREX & came up with a number of people using Forex as part of their twitter username!
So, i decided to check each one of them out, starting with: forextrading165 (this is his username)
First Glance:
- No Bio
- No web/blog/squidoo link
- 131 followers
- 369 following
- 12 updates: first 31 Oct 08 - 2 Mar 09
Anyway, i decided to look into his Updates, starting with the first one dated 31 Oct in which he mentions an article worth looking at but doesnt give a link!!
"I came across this forex currency trading article the other day. It’s got some great information on why forex can be so lucrative."
The next update (dated 6 Jan 09) though has a link: http://tinyurl.com/8pprtu
which i thought was work a look! And this is what i found!
Forex Trading Education - The Basics You Need To Make Serious Profits Today
So, scavenging around this site i came across an article which our 'guy' had submitted (some two months ago!) - there's a photo with a real name!! Its a SCRIBD page! Now Scribd is a social publishing site where anyone can upload & share their documents.
So, i tracked down his documents on a separate page and found a BIO!!
Peter Johnson
Sydney
I am a keen forex trader with over 5 years experience. Currently I dont have a full time job, and am enjoying the flexibility of working from home.. Feel free to drop by anytime and share your experiences with forex.
A quick browse & i find more information about our intrepid Forex trader:
Website: Forex Trading Software review
You guessed it - a few articles & of course software to buy!! [Not really what i was looking for!]
Ok, back to the documents on his SCRIBD page: there are 9 of them - i'm going to dig in for a quick look!
At first glance he has been busy over the last 2 months, the latest document was uploaded 15 hours ago (its 2:11pm NZ time)
Documents:
[1] Uploaded Jan 09: Forex Trading Education: The basics you need to know to make serious profits today
Great title i must admit! [just what i am look for - let me explain - i am absolutely NEW to FOREX TRADING!!]
Content? - sections:
- Trade with your head not with your heart
- The secret to true profits
- Forex Trading Software?
- Conclusions
Lets drill right down!!
Trade with your head not with your heart
- Forex is purely mathematical & historical.
- There is no emotion or instinct involved
- It comes down to predicting & analysing previous trends & applying this to live markets
- Reading on the history of Forex & how the market operates will stand you in good stead for future profits
- Learn the basics of the foreign exchange first before using a system or software!!
- Successful traders make their millions by consistent small profits
- They achieve these through leverage & having large amounts of capital to play with
- You are not going to make thousands through one trade
- The foreign exchange market is extremely volatile & & small profits are the pathway to serious forex profits
- These are platforms or software that allow you to interpret marketplace data & base decisions to trade upon
- Some platforms are automated - known as forex robots
Thats it!!
Document 2: Uploaded Jan 09: Forex Autopilot: Why it only works for some?
Great introduction!!
The article was written in response to all the negative feedback re: Forex Autopilot
Contents
- Well packaged get rich quick scheme?
- You need to understand forex first
- Not enough capital
Well packaged get rich quick scheme?
- He admits that forex autopilot is packaged as a GET RICH QUICK SCHEME!!
- It is an advanced piece of software
- Attracting alot of attention
- First principles: take time to understand the markets
- Place some demo trades
- ease into it slowly
- to achieve significant profits in forex you need capital!!
Document 3: Uploaded one month ago- Does The Forex Miracle System Deliver Results with Minimal Capital?
Contents
- What the forex miracle is not
- What sets it apart?
- Haven't i heard this all before?
- It is not an automated forex system (robot)
- it is a purely mechanical, step-by-step system which you can copy and use in your manual trading
- It is not software that analyses the market & provides indications of swings & trends
- Designed for new traders!!
- Does not required a lot of upfront capital
- a reliable system with some element of risk
- you can use as little as US $ 300 to kick this off
- 60 day money back guarantee
- Creators confident the system will work if you follow the instructions
I had a quick look at the bottom line - scrolled right passed all the information to the bottom line
US$97.00!!
Thats me for now!!
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