GSL Associates

Hi,

i know nothing about trading but a member of my family has been looking into End OF Day trading and has found a company called GSL Associates that offers a piece of software that runs vaious charting formulas and "suggests" the best things to buy and sell and when to do so for novices.

The principle sounds ok, but the software costs £8000 or £4000 if you dont make £20000 in the first year.

Has anyone come accross this before and if so is it a con or is it genuine.

Thanks

Suggest you leave it alone and use that money to learn what it is you need to know to make your own decisions.

TWI said:

Suggest you leave it alone and use that money to learn what it is you need to know to make your own decisions.

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Agreed. If it really was that good the company would be selling it to institutions and banks.

twobitzblue said:

Hi,

i know nothing about trading but a member of my family has been looking into End OF Day trading and has found a company called GSL Associates that offers a piece of software that runs vaious charting formulas and "suggests" the best things to buy and sell and when to do so for novices.

The principle sounds ok, but the software costs £8000 or £4000 if you dont make £20000 in the first year.

Has anyone come accross this before and if so is it a con or is it genuine.

Thanks

Click to expand...

So basically, GSL are guaranteed £4k. Frightening. I'd be convinced by many of these such offers if they worked on the basis of a % cut of your profits at the end of the nominated trading session. If their training / system was that good they'd have no qualms. But if it was that good they wouldn't need your business.

As the Four Tops said "Just walk away Renee ......"

I had their glossy brochure in the post this morning. The good news it's paper recycling day next Tues

gsl-end of day trading

twobitzblue said:

Hi,

i know nothing about trading but a member of my family has been looking into End OF Day trading and has found a company called GSL Associates that offers a piece of software that runs vaious charting formulas and "suggests" the best things to buy and sell and when to do so for novices.

The principle sounds ok, but the software costs £8000 or £4000 if you dont make £20000 in the first year.

Has anyone come accross this before and if so is it a con or is it genuine.

Thanks

Click to expand...

i read the replies to your question with interest and they are typical of people who know nothing or are born pessimists or are scared to do anything or just plain jealous because they do not have the means to invest in a project.
For goodness sake how intelligent is con con con etc as a reply with no arguement to back that up? As for the recyling reply..well, id be surprised if that person knows how to read and why do they need your business? greed ! the more people get ,the more they want. Every business is of course the same.
As to the system itself. Its simple...the basic idea is that many small gains add up to a big gain.Therefore you sell at say 10% profit and take a guarenteed profit even tho that share could still rise. Of course shares can go down so you automatically sell at a maximum loss of only 5%.If you are patient for a year or two depending on your investment then you should succeed. I say SHOULD succeed because nothing is guarenteed in dealing with stocks and shares so if you are not looking for a huge overnight profit then this method is the best way to enter buying and selling.
Also you can halve the cost of the software by starting with a colleague and share your profits according to each individuals investment.

anothername

You don't need an argument to back up the words 'con con con' etc. All you need is probabilities on your side. And the world of trading systems is littered with systems for sale (that basically prey on the gullible) that are all pretty much worthless. Not all, but pretty much 99% of them overtime and that's the key phrase - overtime.

PS. Your final sentence reads like a marketing message from the company itself

PPS. Also, it’s your first post on this board and it’s a glowing report on the system in question. Strange wouldn’t you say? So in light of this don’t you think it pays to be cynical

I received GSL's glossy through the mail yesterday and phoned the number today and in fact was almost sold on the idea as there are glowing reports on www.extraincomefinder.co.uk and on The Stock Market Association website and in fact on www.thereviewers.co.uk - The Reviewers. As I am new to this and know absolutely nothing about stocks etc I have been searching the web for negatives and to be honest haven't found any until now on this forum. The software is expensive but there does seem to be a good return within a couple of years ....... Help! what do I do?

gsl

showieson said:

I received GSL's glossy through the mail yesterday and phoned the number today and in fact was almost sold on the idea as there are glowing reports on www.extraincomefinder.co.uk - HOME and on The Stock Market Association website and in fact on www.thereviewers.co.uk - The Reviewers. As I am new to this and know absolutely nothing about stocks etc I have been searching the web for negatives and to be honest haven't found any until now on this forum. The software is expensive but there does seem to be a good return within a couple of years ....... Help! what do I do?

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hi showieson, i would ignore the sceptics on this site. I have also researched GSL and found no bad reports and you prob noticed they won an award for their software in 2007.

However i decided not to buy their software only because of the uncertain financial climate we are in at the moment. I would suggest putting their glossy in the drawer for at least six months and then consider again

Gsl

anothername2008 said:

hi showieson, i would ignore the sceptics on this site. I have also researched GSL and found no bad reports and you prob noticed they won an award for their software in 2007.

However i decided not to buy their software only because of the uncertain financial climate we are in at the moment. I would suggest putting their glossy in the drawer for at least six months and then consider again

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further to reply...i have read on another forum that the GSL system is simple to use but irritating due to deals failing due to spreads and that the max loss of 5% ( if applicable) is not in fact built into the system. The writer in the forum was not happy with the product.
Despite GSL being highly reputable and winning awards I have therefore thrown away GSLs glossy and would suggest you do the same because if one person is not happy with GSL then who knows how many more there are out there.
Of course that person may be a one off with all other customers very successful.lol I will never know. If you go ahead then why not let the site know how successful you are.

I also noticed "extraincomefinder" and "thereviewers", but are either of these known names to you? They are not to me, and the fonts look strangely similar. It seems possible they could be created by the same company. GSL doesn't seem to have an address, telephone number or public web site, so a bit ephemeral to invest a big chunk of cash with.