Profit Before Work System

Sigh. I shouldn't really get so bothered, and normally I just let these threads pass. But...

For all the people wondering whether this and any other similar system for sale are any good, consider these points.

If it sounds too good to be true, it isn't.

Why would there be systems for sale that make you more money than they cost to buy?

If you've made money with this for the first week or two, you've probably just been lucky. There is a small chance that you have a natural flair for money management and discipline, but believe me that's rare for humans and even rarer for people attracted to trading.

If you think you just need experience with a decent system, there are plenty of free ones on the web. But face it, you think if you pay for it it might just make you a lot of money eh?

If you just want to learn to trade, there are plenty of books for 10-30 quid which will teach you perfectly well. If you can't learn from a book, ask yourself why. Are you just lazy, and would rather try and buy your way to getting rich? (I realise some people learn better on courses - you'll probably find trading harder too since it just delays the point at which you develop and understand your own stuff)

etc etc.

His "Binary Trigger" system is now available at a 90% discount apparenty. Has anyone tried that one? I'm not buying, just curious.
Here's a link:

http://www.fsponline-recommends.co.u...49253&l=71457&

Umm. but last time I looked the results page hadn't been updated.
So, is it loosing at the moment ??

I've no idea, I didn't know there was a results page. you have a link for it?

Link for binary betting results:

http://www.fsponline-recommends.co.u...ID=2147066166&

About half way down the page.

Thanks, I just had a quick look and see his losses for August were £163 and September £168. No updates for the remainder of the year so I can only imagine they were losses too. £1,162 profit in 2009 compared to £14,316 in 2008.

Thank you to the guys who have taken the time to share their experiences with this FTSE morning trading strategy. I too was looking at it and am interested in adding more stock/index strategies to my arsenal.

From what I can gather from the sales type is that you look for a signal in the morning based on what the Dow has done the day before then place a corresponding trade in the same direction on the FTSE. Would this be accurate?

The problem I can see with this straight up is that any major movement on the Dow is usually factored into the FTSE price on most spread betting and trading platforms as people are reacting 24 hours to these moves so no real advantage can be gain from it. However I'm just postulating here and don't own the 'Profit before work system' but would certainly appreciate if any of the current users could shed any more light on the system and their experiences with it thus far.

Many thanks

This is a scam. I got sent one about Fxtrading along the same lines. Stay clear and keep your cash. get a book from the library!