Comments on: Correlations

By: Colin McGinley

Colin McGinley — Fri, 23 Mar 2007 15:17:25 +0000

Jen, feel free to refer smarties to the article and to discuss it either here or on your own forums.

It’s important for traders to continually educate themselves no matter the system they follow.

By: VP Marketing

VP Marketing — Fri, 23 Mar 2007 04:18:11 +0000

I enjoyed reading the lead article here on correlations and would like to refer fellow “Smarties” to this page.
There were definitely disappointments experienced last month (Feb) but things are looking up and there was some very positive feedback from the conservative traders who held their positions in the market. Some traders on different forums including FFS have stated they didn’t get wiped out in the February downturn when using ForexForSmarties.com, but they were trading with conservative margins (2.5 to 5%) and trading EUR/USD and USD/CHF. They were able to wait it out and are now back into taking profits from Grid trades as well as capturing market moves. As with any trading whether it is Shares, Forex or running a business it is important to have a business plan which entails knowing your comfort level, your product and market and when to exit.
ForexForSmarties.com has been updated now with more information for “Newbies” and experienced traders alike as well as a new release of v95 Robot and other tools. We have added some information on the following link for traders to look at their own strategies in using our system. We would prefer to see everyone as winners!
http://forexforsmarties.com/index.php?page=85
We urge everyone to be careful and stay informed.
Jen Smith
VP Marketing
ForexForSmarties.com

By: Traderj

Traderj — Thu, 15 Mar 2007 14:03:25 +0000

Hey, very good post.. by the looks of it a very good looking blog I will bookmark it. I actually am going to add it to my blogroll. I don’t cover Forex enough as I don’t have much experience with it. I think it’s good you’ve decided to hang up your Pom Poms, although I never personally saw it, that can be the biggest downfall of many a trader. Forex is as dangerous a game as any trading and when people talk about how safe it is with FR they are NOT telling the whole story. It can in fact be safer than many other types of trading IF it’s used correctly.

Although I don’t know the othe person that left a comment (Matt Ellsworth) for him to state it “works without an issue” is a very irresponsible thing to do. Why you ask? Because the whole selling point to FR and programs of it’s ilk is that they often are not knowledgable in what they are attempting so they end up in many cases doing what their SPONSOR tells them is safe or less risky. But perhaps that person’s level pain vs risk is NOT the same as yours? This is why the whole debate about programs like FR comes into play regarding their marketing using the MLM or network marketing model. Obviously it’s a very proven business model and has made a lot of people a lot of money, but to continue calling FR “zero guesswork” investing is a very dangerous lable. We really need to have more talk about the dangers of trading Forex even using programs like FR and forexforsmarties… they sure can work and do work, but people need to do themselves a huge favor and LEARN about anything they get involved in, even if it is ‘zero guesswork”

Keep up the great posts…. I think many many people really do believe using FR they are hedged… that is the first step on a very slippery slope…

By: Matt Ellsworth

Matt Ellsworth — Mon, 05 Feb 2007 22:18:39 +0000

I’ve been using the Freedom Rocks trading system for 11 months now and I can tell you that it works without an issue – so long as you don’t over leverage yourself. But that rule applies to all forex trading. The point of the small trades – which are less than 2% of your holding, is to keep your portfolio balanced as the market moves up and down.