Some 10kto1mm EAs will simply sniff you out

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Some systems don't have stops and you have to do too much manually, others are slow, and sometimes the EA is simply just not your sort of teacher and you get lost sometimes…Some 10kto1mm EAs will simply sniff you out and then screw you over in the end. This is why it's important to watch for signs of proof either by service trial or physical proof before making your purchase of expensive Forex software.

I have also used Forex Assassin, the 10kto1mm trading platform and Forex Harvester but nothing really significant has come up from any of those systems for me.

Some Forex marketers, EAs and employees in general and so forth are so vicious that they monitor new “Forex” related domain registrations and somehow get your email address and solicit you… So you have to be aware that in the 10kto1mm market as far as Forex expert advisers go, there is a lot of them competing to get your money.

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55 thoughts on “Some 10kto1mm EAs will simply sniff you out”

  1. The short answer is no, Although there are a few investors like George Soros who made huge sums inthe FX market on a couple of trades most of the really welathy made their fortunes holding onto quality stocks. You are right that most FX ssytems dont work. If they did even a little then they would be worth millions, not 100 per month.

  2. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

  3. I don't trade forex full time, but I have alot of experience trading other markets. I guess if you're trading technicals then you can use those no matter what the market.

    One thing I've noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

    As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

  4. Those who claim that their system works, then sell you their trading system are fakes. As the saying goes, "Those who can do, those who can't, sell their trading secrets."

    And, yes–there are people who make a living trading the foreign exchange market exclusively. I do not know who is the richest or the best, but you will find them quietly and sincerely helping out other traders in any popular investing/trader's forum on the internet.

    Hope this helps,
    Jim http://jsforex.blogspot.com

  5. The short answer is no, Although there are a few investors like George Soros who made huge sums inthe FX market on a couple of trades most of the really welathy made their fortunes holding onto quality stocks. You are right that most FX ssytems dont work. If they did even a little then they would be worth millions, not 100 per month.

  6. Affiliate Must SEE!!!The underground cut-throat Forex Trading System. Selling like hot cakes, now converting at 6.8% with a killer sales letter.

  13. I don't trade forex full time, but I have alot of experience trading other markets. I guess if you're trading technicals then you can use those no matter what the market.

    One thing I've noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

    As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

  15. I don't trade forex full time, but I have alot of experience trading other markets. I guess if you're trading technicals then you can use those no matter what the market.

    One thing I've noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

    As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

  18. I don't trade forex full time, but I have alot of experience trading other markets. I guess if you're trading technicals then you can use those no matter what the market.

    One thing I've noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

    As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

  25. The short answer is no, Although there are a few investors like George Soros who made huge sums inthe FX market on a couple of trades most of the really welathy made their fortunes holding onto quality stocks. You are right that most FX ssytems dont work. If they did even a little then they would be worth millions, not 100 per month.

  27. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

  28. Those who claim that their system works, then sell you their trading system are fakes. As the saying goes, "Those who can do, those who can't, sell their trading secrets."

    And, yes–there are people who make a living trading the foreign exchange market exclusively. I do not know who is the richest or the best, but you will find them quietly and sincerely helping out other traders in any popular investing/trader's forum on the internet.

    Hope this helps,
    Jim http://jsforex.blogspot.com

  29. I don't trade forex full time, but I have alot of experience trading other markets. I guess if you're trading technicals then you can use those no matter what the market.

    One thing I've noticed about forex is that if I pick a direction and enter when volatility is shrinking usually end up with a winning trade.

    As for resources, I think the best teacher is going to be experience. Just trade as small as you can while you learn.

  32. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

  34. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

  42. Those who claim that their system works, then sell you their trading system are fakes. As the saying goes, "Those who can do, those who can't, sell their trading secrets."

    And, yes–there are people who make a living trading the foreign exchange market exclusively. I do not know who is the richest or the best, but you will find them quietly and sincerely helping out other traders in any popular investing/trader's forum on the internet.

    Hope this helps,
    Jim http://jsforex.blogspot.com

  46. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

  48. The short answer is no, Although there are a few investors like George Soros who made huge sums inthe FX market on a couple of trades most of the really welathy made their fortunes holding onto quality stocks. You are right that most FX ssytems dont work. If they did even a little then they would be worth millions, not 100 per month.

  51. The short answer is no, Although there are a few investors like George Soros who made huge sums inthe FX market on a couple of trades most of the really welathy made their fortunes holding onto quality stocks. You are right that most FX ssytems dont work. If they did even a little then they would be worth millions, not 100 per month.

  53. Maybe not by only investing in the Forex market, but there are traders that are famous primarily because of their forex trades. George Soros comes to mind for me. He runs a hedge fund, whose most famous trades were Forex trades. He is worth about $8.5 billion according to Wikipedia. He made an estimated $1.1 billion betting against the pound in 1992. That trade is what he is most famous for.

    As for the system sellers…you are right. What system sellers do is backtest systems, and over the backtest period, they perform wonderfully. However, you can get a system to perform well over past timeframes by fitting it to the data (tweaking the parameters so that they perform well against known data). Those systems don't work so well when faced with a period they weren't fitted for. I believe there are some legit system sellers and builders out there, and that mechanical systems can work. However, I haven't looked into it much myself, and I have never seen anyone advertising on the web who looked legit.

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