Re: When will you EVER learn? - Posted by Tony
Posted by Tony on December 29, 2005 at 22:53:08:
What about the time it takes to learn how to look at the charts. How much time and effort have you put into learning 4x made easy. I hear a lot of people in the industry complaining about this software but I do not see anyone backing up their remarks with facts. I can I judge whether or not this product is worth it if all I read is a bunch of people complaining without proof.
Re: When will you EVER learn? - Posted by TS
Posted by TS on February 23, 2004 at 20:01:24:
Obviously, you have no class and you obviously think highly of yourself! You keep taking all that time and effort to read the charts and figure it out yourself - in the meantime I’ll be golfing you jackass!!!
Re: james dicks 4x made easy ??? - Posted by Sean
Posted by Sean on March 01, 2004 at 17:26:46:
Good for your comments. I experienced similar results. See my posting dated March 1 2004.
Re: james dicks 4x made easy ??? - Posted by John Brown
Posted by John Brown on February 29, 2004 at 01:57:44:
I’m with you, Sea Tigr. My only hope is that most people who find themselves reading this will take to heart what they’ve read and WAKE UP !!! If it sounds too good to be true, it ALWAYS is.
Re: james dicks 4x made easy ??? - Posted by Penny Kelly
Posted by Penny Kelly on February 20, 2004 at 13:38:07:
Yes I checked it out, but it doesn’t say what it covers. What kind of
technical analysis they cover. I couldn’t find anything on Michael
Springer; supposedly the guy said the man was a minister and now was a big
hedge fund trader–that is what I couldn’t find. Anyway I think it is very
pricey. Have you tried their software.
Thanks for your comments
Penny
Re: When will you EVER learn? - Posted by Chuck McCollum
Posted by Chuck McCollum on March 04, 2004 at 13:15:20:
I went to one of the seminars for 4X ME and was impressed by the presentation. Although I declined the “opportunity”, I was impressed by the assertions that there was little to no risk of loosing huge amounts of money with this system due to the “smartness” of the Money Management part of the software. A few things come to mind now that I’ve read some of the posts here.
I came looking for other peoples input, and find it ranges from very biased against the product by those that have some experience in trading currency, to those that are what seems to me to be a bit overconfident, and cock-sure that they just discovered the “secret” to fortunes untold. The truth is probably somewhere in the middle.
I have to admit though that in my mind, the more experienced traders, even though they may not have used the 4X ME system carry more weight of opinion than the others for several reason, not the least is that I know very little about this subject, and I?ve found it pays to get many points of view from those that have experience.
Here are a few other reasons why!
The person that posted this article did us all a big favor because any objective information (not from the company) is hard to come by. Not much when googled! This article, if you take the time to read it addresses one of my biggest concerns about currency trading, which is the risk. When I went to the seminar, I asked specifically if there were any qualifications to open a trading account because you are trading on margin, and was told a big fat NO. This seems to contradict what the article says about who is ultimately responsible for the losses when a currency position goes against the trader, for more than what is in their account. IT IS THE TRADER. This concerns me a great deal. 100:1 leverage is great when you win, but devastating when you loose.
Secondly, there is no connection in the software to actually execute the trade. There is a button (place holder) that looks like it would do it for you, but won?t (We were assured that this would work in the next release). You must do this manually by phone, or the account website. In the article, it points out that if software is used to execute a trade, the company that makes that software must be licensed by the CFTC, and/or the SEC (not sure which) and I may be wrong about this, but this seemed to me at the time to be very suspicious (red flag), and could be a way to get around some very sticky legal requirements otherwise. A soft button is a trivial thing to implement in software, yet it is disconnected? why?
Here is the article again.
http://www.sfbg.com/38/16/cover_poor.html
Re: When will you EVER learn? - Posted by John Brown
Posted by John Brown on February 29, 2004 at 01:33:22:
What gets me is that most of the posters who believe in this product always seem to leave a message with an anonymous name or no name, and those of us who know the truth are not afraid of saying who we are.
The software “4X Made Easy” costs how much? $3000 dollars USD? Anyone with half a brain cell can get similar software for F-R-E-E !!! And anybody can find real help and learn how to do it yourself for F-R-E-E also, from the internet of all places. And so what.
The problem here is that a supposedly successful Futures trading business is being run by supposedly legitimate Financial Futures professionals, who coincidentally are really just professional scam artists who have been busted by the feds in the past on numerous occassions and are still doing business as usual. Same stink, different product. What some people need to realize is that if it sounds too good to be true, is ALWAYS is.
Private investors who invest in Financial Futures with less than a substantial amount of money, (say $100,000 dollars USD), to play with and possibly lose should NEVER invest in this kind of market. Truth be told, it is more volatile than some other savy investors claim. Thus making money in this market should be left to the banks that can afford it. You small potato guys will eventually lose most or all of your investment.
The reason why I’m telling you this is not to argue with you, but to simply help you save your money. Why? Because I hate it when these crooks and their ilk get away with something that used to be faced with a good tar-&-feathering. But now they’re getting away with virtual financial murder of thousands of good hearted but ignorant Americans. A word of warning: Be smart. Research the sales claims and company. Don’t get taken for a ride !!!
Re: james dicks 4x made easy ??? - Posted by Frank Pate
Posted by Frank Pate on March 12, 2004 at 12:48:02:
I am and have been a trader for the last 2 years. I have found that successful trading of the FX markets comes in a variety of different opinions. Not everyone will trade the same way. Risk tolerance, amount of money to invest, aggressivness, etc all play a part to the style of trading one will use.
My partner bought the software and we “acid tested” it for 1 month against my trades I was making without software. The final analysis was that the software does work successfully most of the time, but when the market is very “choppy” the data feed has a difficult time keeping up with it. Nothing is a subsitute for pure knowledge and understanding of any subject, but to say that I felt like the money spent for the software was too much for what you get, I would say yes. Is it a scam, I would say no.
The company is sellling their wares to the world, and lets face it we have all paid to much for something at various points of time in life. Is it a useful tool to have around and use? Yes, in certain ( calmer) markets it does help. When the markets get real volatile, it doesnt work very well.
Would i recommend buying it, I would say that any of you reading this are intelligent enough to evaluate that and make a decision for yourselves.
Good luck!
Excellent link to the BEST article about FOREX! - Posted by Kevin in Oklahoma
Posted by Kevin in Oklahoma on March 06, 2004 at 11:09:50:
Thank you for the link. The article you mentioned is very savvy, well documented, and highly enlightening.
You saved me some big dollars. Everyone should read the article you linked. Sometimes saving money is better than making it!
Let’s Give Chuck the credit for finding and sharing this resource.
Here is the article again…
http://www.sfbg.com/38/16/cover_poor.html
Kevin Abbey
Re: When will you EVER learn? - Posted by Mike
Posted by Mike on February 12, 2005 at 20:12:36:
Where do you get this so called “free” software.