4x made easy seminar

Eduardo, why didn't you ask the people running the seminar what was behind the red and green lines?

As for taking the position when "the angle is attractive" - that sounds pretty subjective to me.

Presumably you saw this system working in RT and they placed trades and made money during the demo?

Did you get a good look at their detailed brokers statement confirming their success rate?

What sort of stoploss did they recommend?

What alternatives - well, this site has an awful lot to offer.
 
Keep your hands in your pocket.

Read this thread first......Wizetrade appears to be widely reviled in the US...So looks as if they are now hunting over here.

http://www.sfbg.com/38/16/cover_poor.html

Then read the following threads:


http://www.elitetrader.com/vb/showthread.php?s=&postid=408708&highlight=4xmadeeasy#post408708

http://www.elitetrader.com/vb/showt...5&perpage=6&highlight=4xmadeeasy&pagenumber=9

How to slip an Ad. into a discussion forum:

http://www.elitetrader.com/vb/showthread.php?s=&postid=433207&highlight=4xmadeeasy#post433207

:eek:

More: Summary of above:
http://www.elitetrader.com/vb/searc...d=442292&sortby=lastpost&sortorder=descending

More:

http://www.elitetrader.com/vb/showthread.php?s=&postid=473119&highlight=wizetrade#post473119

http://www.elitetrader.com/vb/showthread.php?s=&postid=461622&highlight=wizetrade#post461622

http://www.elitetrader.com/vb/showthread.php?s=&postid=460228&highlight=wizetrade#post460228
 
Last edited by a moderator:
MACD in disguise

I would be willing to bet thier software is configured to generate signals from using MACD, a great indicator, although it lags , It shouldnt be used solely for signals.

My adivce is to keep your $3k and learn about trendlines, MACD, Support and Resistance.and chart patterns. Use daily,hourly and 15minute charts.That it what I use. Price will tell the story, and specialise in one currency!





Eduardo Zanatti said:
Hi guys . I am totally new to forex and I need some help.I will very much appreciate your comments on this. I went to a 4x madeeasy seminar and I was very impressed with the software. But the price is too much, I am not sure if I should spend $3000 on a software and $100 a month for live feed data(that all brokers provide for free). I have been doing research online and information and graphs are free anywhere (but not as fancy and didactic as 4xmadeeasy seems to be). I was looking at Visual Trading and it has dozens of studies that seem interesting(Bollinger, MACD,Aroon,etc,etc); however ,and here is my question…do any of you guys know what is behind the red and green lines in 4x made easy.
The green indicates buying pressure and the red line indicates selling pressure. The seminar host said that when all 4 arrows point in the same direction and the following conditions are met:
“1)when the lines cross
2)the angle is attractive
3)When the distance between the lines is increasing
One should take a position,never without a stop loss.
I want to take this step by step and I cannot jump to buying a software that expensive.
Your advice is much appreciated. What alternatives would you share with me? :
:rolleyes:
Thanks
Ed
Click to expand...
 
Eduardo................You have been warned!!!!! I trust you went into the sites provided by Neil. If this hasnt warned you off sticking $3000 in the bin, then I dont know what would.

There is no HOLY GRAIL to trading: No software.........No system...........No Crystal Ball............just learn as much as you can. To quote Herr Blair - "Education, Education, Education, is the way to trade.

You can find Trading Software for a lot less than $3000 and a live feed to whatever market you decide to trade.

BEWARE my friend..................too many get burned too early!!

John
 
Thanks so much for the message. Regarding the red and green lights in 4xmadeeasy, they just say that the red line is selling pressure and the green light is buying pressure. They tell you there are thousands of computations done per second...BLA BLA BLA.
They tell you that the angle to take a long position is between 12 and 2 pm and the angle to take a sell position is between 4 to 6 pm(attractive angles) .It all seems very nice in the software if it actually works;but too expensive.That is why I was looking to test their strategy just using free charts. But unfortunately I dont know what chart to look at. I was looking at Visual Trading and they have so many studies to chose from and I wanted to try to find a strategy that would be similar to the one used by 4xmadeeasy.
Any comments on that?
Thanks again
Eduardo
 
I went to one of these seminars. I tried to find out what indicators they were using, but they would not tell me. They did say that you do not have to know anything about Forex to trade it. Don't believe it. If you are going to risk your money on it, then you should learn as much on the subject as possible. I would suggest trying to find someone who trades forex for a living and asking them how to trade it. This group '4xmadeasy' only claims to be an educational organization. Read the find print at the bottom of the literature....Dave...U.S.
 
 
dpar219 said:
They did say that you do not have to know anything about Forex to trade it. Don't believe it. If you are going to risk your money on it, then you should learn as much on the subject as possible. .
Click to expand...

It's like a car salesman saying to you that you don't need to know how to drive the car. Just buy it and get it on the busy road. His interest is in selling it to you. When I see anything advertised "...made easy..." I run.
 
Its from Wizetrade.com

Eduardo Zanatti said:
Hi guys . I am totally new to forex and I need some help.I will very much appreciate your comments on this. I went to a 4x madeeasy seminar and I was very impressed with the software. But the price is too much, I am not sure if I should spend $3000 on a software and $100 a month for live feed data(that all brokers provide for free). I have been doing research online and information and graphs are free anywhere (but not as fancy and didactic as 4xmadeeasy seems to be). I was looking at Visual Trading and it has dozens of studies that seem interesting(Bollinger, MACD,Aroon,etc,etc); however ,and here is my question…do any of you guys know what is behind the red and green lines in 4x made easy.
The green indicates buying pressure and the red line indicates selling pressure. The seminar host said that when all 4 arrows point in the same direction and the following conditions are met:
“1)when the lines cross
2)the angle is attractive
3)When the distance between the lines is increasing
One should take a position,never without a stop loss.
I want to take this step by step and I cannot jump to buying a software that expensive.
Your advice is much appreciated. What alternatives would you share with me? :
:rolleyes:
Thanks
Ed
Click to expand...

The software was alot cheaper the beta version.....I would look on the site go to the message boards and check it out good....3000.00 is alot of cash.I have WT...There are courses alot cheaper to teach you to trade .What are you looking to trade ?
 
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