happyhappyhappy
Member
- Messages
- 50
- Likes
- 0
Hi I am a bit of an amateur share dealer and have somehow slowly made money since I started in 1992. I am always looking for some way to get myself a big leap forward and have seen and avoided many scams over the years. I have been looking at spreadbetting for a while now and opened a Capital Spreads demo account. I figure that until I can make money on this on a regular basis I wont use any real cash on this form of investing. I have been reading and reading and trying to learn and although I understand a fair bit about how it works now, my weakness is in the analytical data. I feel I will never understand it, maybe I am just not clever enough. I have palyed with RSI and MACD a little but I still cannot crack this. I feel desperate to discover a way forward that will actually achieve some real gains.
The other day I was sent an email from Spread Trade Insider run by Kevin Scott Welcome to Spread Trade Insider which will virtually tell you each week what to do. I thought another scam, so I checked it out and it seems to be the real thing at first. They offer a service for only £19.97 per week and you can cancel at any time which sound more like how you would want it to be. After all if its rubbish you leave and he misses out on loads of cash, so sounds right, yes? This sounded great for me exhasperated with all the work I put in only to fail quite often, here was a system that will just tell me what to do and he claims to never have had a losing week too, you can check the history. And your profits will cover your fee easily every week, so great, if it works.
I see there is another thread complaining about his profits as they dont allow for spread, ie sometimes there is a 5 point profit made sometimes, which it is argued, may not have actually cleared the spread, but that is explained to a point in that thread, pardon the pun. However overall he still seems to make profit even if you ignore these small deals.
My problems are these; I elected to receive his one free email forcast for this week, ie I received it yesterday, 14th September. I was worried about missing the prices so I created as many of his deals as possible to be done in my Capital spreads demo account as soon as it opened Monday morning to test the forcast. He had 18 trades which unfortuanetely I could not do all of, as some of the companies are not available which is a shame, however I checked them out and their movements today on the charts. Many of his deals are set so that you would have to open them at Fridays closing price and although sometimes this is possible, it seems most of the time it is not.
Today for example, one deal, Carpetright (CPR), the forcast said open a Sell at 662 which was Fridays close too, but on opening it was already at about 640, so can anyone tell me how you could do that? How could you open a Sell at 662?
That is just one example but I received an email later today saying although today was very turbulent, 14 of the 18 deals succeeded, but how can this be as CPR is typical of what happened and most of the open prices in the forcast are Fridays close, I checked the charts on all 18?
How can you get that price? Am I missing something, remember I am amateur? Surely he cannot be offering this system for all to check and get out of if not happy. The figures are there to check and decide whether to join or not.
Is there a service, if not this one that will do all the work for me? I am happy to pay commission or fee to anyone who garantees me a regular profit/income such as Spread Trade Insider claims, if it really works.
I am surprised sucessful spread traders on here do not do it for others, ie presumbly they are in it for the money and many on here claim to do well on a regular basis, ie its their living and if they are in it for the money I would give them more money for making me a regular profit so everyone gains. Why does that not happen or have I missed something?
Sorry if I have said the wrong thing anywhere here but there are just some things I do not understand.
I would appreciate any feedback, comments, etc on any of the things I mention above.
The other day I was sent an email from Spread Trade Insider run by Kevin Scott Welcome to Spread Trade Insider which will virtually tell you each week what to do. I thought another scam, so I checked it out and it seems to be the real thing at first. They offer a service for only £19.97 per week and you can cancel at any time which sound more like how you would want it to be. After all if its rubbish you leave and he misses out on loads of cash, so sounds right, yes? This sounded great for me exhasperated with all the work I put in only to fail quite often, here was a system that will just tell me what to do and he claims to never have had a losing week too, you can check the history. And your profits will cover your fee easily every week, so great, if it works.
I see there is another thread complaining about his profits as they dont allow for spread, ie sometimes there is a 5 point profit made sometimes, which it is argued, may not have actually cleared the spread, but that is explained to a point in that thread, pardon the pun. However overall he still seems to make profit even if you ignore these small deals.
My problems are these; I elected to receive his one free email forcast for this week, ie I received it yesterday, 14th September. I was worried about missing the prices so I created as many of his deals as possible to be done in my Capital spreads demo account as soon as it opened Monday morning to test the forcast. He had 18 trades which unfortuanetely I could not do all of, as some of the companies are not available which is a shame, however I checked them out and their movements today on the charts. Many of his deals are set so that you would have to open them at Fridays closing price and although sometimes this is possible, it seems most of the time it is not.
Today for example, one deal, Carpetright (CPR), the forcast said open a Sell at 662 which was Fridays close too, but on opening it was already at about 640, so can anyone tell me how you could do that? How could you open a Sell at 662?
That is just one example but I received an email later today saying although today was very turbulent, 14 of the 18 deals succeeded, but how can this be as CPR is typical of what happened and most of the open prices in the forcast are Fridays close, I checked the charts on all 18?
How can you get that price? Am I missing something, remember I am amateur? Surely he cannot be offering this system for all to check and get out of if not happy. The figures are there to check and decide whether to join or not.
Is there a service, if not this one that will do all the work for me? I am happy to pay commission or fee to anyone who garantees me a regular profit/income such as Spread Trade Insider claims, if it really works.
I am surprised sucessful spread traders on here do not do it for others, ie presumbly they are in it for the money and many on here claim to do well on a regular basis, ie its their living and if they are in it for the money I would give them more money for making me a regular profit so everyone gains. Why does that not happen or have I missed something?
Sorry if I have said the wrong thing anywhere here but there are just some things I do not understand.
I would appreciate any feedback, comments, etc on any of the things I mention above.
