I suggest that 99% of the traders on this site have gotten interested in trading, through seeing some of the crap being marketed to us, so why criticise EVERY person who has felt the need to “invest” some cash into developing their trading business? Obviously some of the more critical posters, stumbled across trading, spent 2 – 3 years reading all the material they could find before fine tuning their very own method that’s turned them into very successful traders.………………THAT’s THE BULL! NO-ONE I know has done this, we have ALL given money or paid for a system we think will help.
I haven’t bought any other systems as such, but tried to use my “research money” in joining trading rooms. I joined a couple; one, whose training was ok, but a method I couldn’t use, and the other where I made a few pips, but there was no education at all. Once I started to try things myself, no matter what I did, I couldn’t get consistent. I spent months trying all sorts of indicators etc, but for every pip I made, I lost 2…………..
So, enter the Black Dogs – I joined last year, after reading about the simplicity of it. This was going to be my final go at FOREX, after “wasting “ nearly 3 years on it. If a newbie is looking for the holy grail, a system that will do it for them, this isn’t it. However, the methods shown by the seller ARE very simple, and with the correct patience and discipline, both with entries and exits, I believe this can help people become a better trader. YES, this can all be done by ourselves, but at what cost? 2/3/4 years of getting nowhere and blowing accounts? Personally I don’t have the inclination or the limitless money……………..
This is not a system that will point you where to enter and exit a trade. Reading all the material within the web site, it’s clear we all use the methods slightly differently. But, the basis of the system keeps me out of the stupid trades, and waiting until my correct set up occurs. It’s only in the last month or so that it’s all falling into place and I’m becoming consistent, but I know if I employ this discipline, I know there is a high probability of the trade going in the correct direction.
So, whilst I agree that most of the stuff posted by sellers/ marketing companies to the forex community is utter crap, don’t brand this system along with the rest. Like most aspects of life, this will suit some and not others; but that doesn’t make this a bad system. It’s not a black box and discretion is required, but I feel it has helped my trading immensely.
