| Re: Has anyone tried marketsmastered.com manual? Quote:
Originally Posted by pinky123 Black Cobra,
I know you have to start somwhere but markets mastered is NOT good point to start. You will make one or two succesfull trades out of ten so in the best scenario you are flat - not gained nothing or lost only little.
Recently a good site I found is here and its FREE: http://www.tradingdomination.com/vid...rd/promo1.html
I think that is a good point to start with. I have been learning and trading Nick system for nearly one year now and I know his system is not going to work.Even him knows that and will not answear technical questions about his system NEITHER GIVE A REFUND. ANYBODY IS ADVICED STAY AWAY.
Me personally will trade bollinger bands, if i am succesfull i will let you know. I visited Nicks blog and I can see on 16th september at 9:15 on GBP/USD he took a trade based on bollinger bands, maybe other indicator as confirmation as well. The fact is Nicks system doesnt give enough chances for trading and misses out really good opportunites. |
I have a different view - I bought the evening trading system from markets mastered and have done ok with it. I was advised in the trading manual to demo trade for 50 trades before using my own (small) SB account. This got rid of the fear/greed problems I had
I started trading it while I still had a full-time job, and having built up my SB account enough to the stage where I was earning the same as my teachers pay (yes I know, crap salary for too many hours) I jacked in my job and went trading full time.
Any questions I had were answered comprehensively by Nick and the daily emails he sends out with his trades were exactly the same trades as I took. When I went full time I bought another one of his systems (for trading FX during the day) and I am happy with that as well.
One thing I have learned is though - learning to trade is not an easy pursuit - it takes a lot of time and dedication, you must treat it like any new career that you are starting. My daughter is studying to become an accountant and her first 2 years at Uni have been very difficult, and she works 60-70 hours a week (lectures/homework/reading) and I think newcomers to trading should work that hard as well. It is not a get rich quick opportunity but due to promises on the web, newbies are drawn into that 'dream'
It is all very well buying a system in a box, but you need also to learn why the markets move as they do and also you need to understand the basics of price action. I was never going to learn to design my own system and that is why I bought systems from various vendors - although I will say that not all were successful. I bought wealthBuilder and that was absolute rubbish. I subscribed to Elm Trader but I was not comfortable with the large stops and swings into the red by hundreds of pips. The 2 markets mastered systems I use has been good and I can recommend them, but you have to put in work yourself to understand the market itself - that is what gives you confidence to trade any system. I can see why the systems I use work so well - they use leading indicators, and that gives me confidence.
BTW Pinky - I can say markets mastered systems do not use bollinger bands, and personally I do get plenty of chances to trade. I have a daily pip target, and I hit that most days. The evening system is meant as a starter strategy for newbies so only has one trade per evening with a target of just 20 pips, so you will never get a load of trades with that system but I get my 20 pips most days
Last edited by michael6666; Jan 21, 2011 at 11:10am.
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