fx software

Hi, Has anyone purchased The Ultimate Fx Predictor by Keith Cotterill ? If so, what are your comments? Many thanks Tokie

Basically it will give you the results you deserve if you are foolish enough to purchase it on our recommendations. Do a search for it if you want to pursue it.

We call people who purchase such systems donors. You would be better off learning to trade.

Using someone else's system is still step 1 of 38:

See post six

Yes, I sent them the following on the day I returned it

"This is a flawed concept. The evidence is in the daily "training" videos.

The system purports to be able to predict a movement of the exchange in advance, so that one can bet on a sure thing. Keith says anyone can do it - with no previous knowledge of trading.

It does do much better than chance in predicting a movement - about 92%! The problem is it cannot determine how far the market will move in a given direction or for how long. In about 70% of cases the market moves back before the trailing stop reaches a positive position, resulting in a loss.

Keith acknowledges the basic truth of the above and says the key to making money is to restrict the amount of loss and maximise the amount of gain. He says this incredible software incorporates a system to do this with a single mouse click. Each day he points to a number of movements that he claims achieved large pip gains.

In fact, very few such trades actually achieve anything like the gains shown. To justify this, Keith suggests a number of measures one can take. He talks about being aware of support and resistance lines and Fib retracements, increasing the trailing stop distance, accounting for trends and so on and so forth. Soon it becomes obvious that with a number of years experience in market trading, there might be some chance of making some money.

When one asks the "support team" where things are going wrong, it is suggested that the PTP strength should be increased to 8 (which incidentally removes as many profitable trades as unprofitable ones) and one should only react to an indicator when it appears in the 5 and 10 minute chart (funny, I don't remember that from the CDs).

The less gullible will by now begin to wonder what ever happened to the single mouse click!

Of course this system enables you to make £185 before breakfast on Tuesday morning. Unfortunately it will also lose you £75 before breakfast, lunch and dinner on Monday, Wednesday, Thursday and Friday.

You won't be surprised to learn that I shall be returning mine today. Shame, I thought I'd at last found an easy money supply - silly me.

I guess this will be one of those many testimonials that won't make it to your, or anyone else's, website!"

I received an fsp recommendation for this on Thursday. Are you able to recall which firms were recommended for trading, please?

I'm not so interested in the buying the system now, after having read your evaluation, but I need to find a reliable firm which allows me to trade at GMT+9 or more due to my locations (Japan/New Zealand), using GBP, and the write-up suggests one can do this. Thanks in advance.

tokie, there is some more comment here -

http://www.trade2win.com/boards/firs...predictor.html

ty for the only decent post on this subject