I saw an ad for his system product and it sounded "too good to be true". But I'm finding out that Mr. Cohen is legitimate, or so it seems. I guess the only real way to find out is to jump in. Any other comments are welcome!
Hi byrleybiz, i recommend that you dont waste you money or time with trading systems that you need to pay for. I am a firm beliver of that making a trading system is very very simple, the main problem is the trader itself. If you have disispline and follow whatever trade system that you make u will make money.
There is a reason why Trader1: dont make money with a system and Trader2: make lots of money with the same system. Its all about the trader and if he really belives in the system he is using.
I can give you the holy grail, but if a tell a new trader that trade it his way and u will make money, he will for sure loose money.I know it sounds weird, but thats how it is.
And another thing,people who write books and promise you riches are usualy failed traders who never got to be profitable, there is nothing wrong with their system but they themself dident belive in it and hence they fail. The human mind is a funny thing, even if u get served a good system it will take alot of time and work to make your mind believ that the system will actualy work.But if this trully is what is promises then hats of for him, but for each person that have something legitimit, there are 1million others that are out to grab your hard earn cash.
My suggestion for you is to spend alot of time on these forums and take your time to go true all the information that is available and learn from it and ask the members here that are making money and can point you in the right direction, there is no such thing as free money, everything have to be worked for. ANd that is also true for trading, i am trully now trying to be negative or break your spirit, i just want you to focus your time and money in the right direction and not into a holy grail system.Cause i have also been into that road and i dident really get anything out of it.¨
There are alot of free systems here on this forum that you can use and modify to you own preference and use it on a simulator account until you fell comfy wtih a system and then go for it. Just make sure to have a sound moneymanagment and plan, you can find alot of post about it in the forums.
I wish you the best wished m8, and nothing will make me more happy then seeing with great success in your new career.
Dont hasistate to to ask me anything you are wondering about, i will do my best to answer.
I have purchased the flag trader software and it looks good - it comes with 8CD's and apart from the system also talks about trading pshychology. I believe this system is logical and simple enough for anyone to use as long as you exercise discipline in your trading plan - entry, take partial profits and exit. The CD's go thru this in details and also lots of trading examples.
all the best
I have nearly done the training and will start paper trading in a week or so. The material is really good/simple and Guy's response to emails and queries is very prompt. I am very impressed with the service.