admin answers:

Firstly, there isn’t anywhere near enough money on the planet for someone to double their money every day. Do the maths and you’ll see that you end up with well over 10^100 pounds – which is billions of pounds for every proton in the universe!!

But even the greatest traders do not come anywhere near doubling their money in a day. They make profits by trading vast sums on tiny margins. A 1% profit in a day is excellent if you were trading with £10 million.

And in any case there is a limited supply of currency, which is small compared to the reserves held by governments (of their own and other major world currencies). If one trader (or bank) bought up all the available Pounds Sterling, the impact would not be catastrophic. And to do so would mean they probably had to spend all their reserves of other currencies, which is a highly risky strategy.

The national government that issues a currency has a number of defence mechanisms to avoid any possibility of this kind of thing. EG they could set interest rates to zero, meaning the trader holding the currency would not be earning anything on his holdings. So he would have to sell, which would lower the price, so he might end up with a loss. Or a government could take even more extreme measures such as devaluing the currency.

admin answers:

OK. Yes it is a Multi Level Marketing company. But, lets face it MLM is the wave of the future. Now, lets not focus on the business but the product. The product makes people money. The freedomRocks trading system eliminates the guesswork. Did you know this stat.? 90% of people who invest manually in the Forex lose their money in the first 60 days. Why? Well obviously they do not know what they are doing. Secondly Forex trading wasn’t really introduced to the public until about 1998, so it is a relatively new investment strategy. Thats why the lone 10% of people who know what they are doing in the Forex do not like FreedomRocks. It is allowing complete newbies to manage their own accounts, putting them out of work. And yes people can say what they will about MLM, but why would one of the largest brokers in the industry join hands with this company if they thought it was going to crumble like a cookie? That broker is GFT (Global Forex Trading). I have signed up clients from all over the world and should I boast that not a single one of them has lost money?! No. I won’t, because I want anyone who is reading this to try it themselves. I will be anybody’s personal coach and I would love to answer some more questions. Feel free to call me anytime.

Best Regards
Chris Thomas
541-554-8140
www.simple4xinvesting.com

admin answers:

Just few thoughts from their faq

You place all of your own trades, in your own brokerage account, so you always have 100% control over your money
THAT IS OK

There are no charts or graphs to read
IT IS INTERESTING HOW YOU DO FORECAST

No research
HOW COULD WORK WITHOUT RESEARCH

No signals
???

You’ll always trade currency pairs which (historically speaking) move in opposite directions
IF NO CHARTS HOW TO KNOW HISTORICAL DATA?

You’ll seldom exit your positions
WHAT THEY MEAN SELDOM? YOU SHOULD EXIT WHEN IT IS TREND REVERSE SIGNALS.

You can manage a portfolio of any size in just a few minutes per week
IT IS STRAIGHT WAY TO THE LOSS.

You don’t have to monitor your portfolio all night when the markets are their most active
NOBODY MONITORS THEIR PORTFOLIO’S 24/7

In addition to your trading gains, you can set your portfolio to produce virtually any level of interest you desire – keeping in mind, that higher interest rates may significantly increase the volatility and overall risk of your portfolio
IT LOOKS THAT IT IS BLACK BOX

**********************
THERE ON THE PRESENTATION IS VERY NICE SHOWN ONLY POSITIVE SIDE OF POSSIBLE TRADING. EVEN ABOUT SWAPs THEY DESCRIBED THAT IT IS POSITIVE AND THAT INTEREST DIFFERENCE WOULD BE ADD TO ACCOUNT BALANCE HOWEVER NO ONE WORD ABOUT NEGATIVE SWAPS. ALSO NO ONE WORD ABOUT WHAT HAPPENED IF CURRENCE CROSS THE 100 PIPS LINE AND CONTINUE RISING OR FALLING.

I DON’T SAY THAT “BLACK BOX” ARE SCAMS BUT IT DOESN’T WORTH TO BUY/RENT. IF IT WOULD BE SO PROFITABLE THEN FIRSTLY RENTING WOULD BE NOT $100 PER MONTH BUT MILLIONS. FURTHERMORE ALL TRADERS BECOME JOBLESS

ACTUALLY TRADING SYSTEM THEY ARE USING IS NOT SO PROFITABLE AS THEY DESCRIBE BECAUSE MARKET IS NOT LINEAR THUS PREDICTION IS ALMOST IMPOSSIBLE
**************************

NO ONE BLACK BOX OPERATES GOOD BECAUSE IT IS CONSTRUCTED ON HISTORICAL DATA. BUT MARKET IS A LIVE STRUCTURE BECAUSE ALL TRADERS ARE LIVE PERSONS AND NOBODY CAN PREDICT MARKET MOVEMENT AS WELL AS PREDICT FURTHER STEP OF MANY TRADERS. THERE ARE TRADING TECHNICUES TO MAKE SUCCESFUL TRADES BUT NO ONE PC COULD DO IT ITSELF. IS SUCH BLACK BOX WOULD EXIST IT WOULD COST MILLIONS…

ONLY MAN COULD TRADE SUCCESSFULLY!

WELL, THAT WAS ONLY MY OPINION

******************

IF YOU NEED BROKERAGE COMPANY THAT ALLOW YOU TO TRADE FOREX, CFD, COMMODITIES, METALS (TOTAL 500 INSTRUMENTS) FROM ONE ACCOUN I COULD INTRODUCE YOU.
IF YOU OPEN ACCOUNT UNDER MY REFERRAL I PROVIDE YOU WITH TRADING TECHNIQUES THAT I SUCCESSFULLY USE FOR 5 YEARS. IF YOU INTERESTING E-MAIL OR PM ME

GOOD LUCK!

P.S. I’m not related with that brokerage company. I just have rights as Introducing Broker.

admin answers:

It wouldn’t surprise me!

admin answers:

Most people start by reading and learning the terms, developing a strategy and trading plan, then practice trading a simulator for sixl months before using real money.

Useful e books:

http://www.rapidforex.com/

http://www.traderssecretcode.com…

Http://www.1forextrading.com/

Forex simulator:

http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

Free Charts

http://www.dailyfx.com

Blogs

http://the-forex-trading.blogspot.com/

http://www.forexpeacearmy.com/

Economic Calendar

http://forexfactory.com/

http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

List of Forex Platforms and software

NinjaTrader platform
http://ampfutures.com/