Online Investing Guru » forex

Duellatorus far from war-like forex trading…

admin — Sun, 31 Oct 2010 08:44:44 +0000

Okay, the name Duellatorus seemed unusual so I looked it up and the latin meaning is war-like hence the post title.

Some while ago I was contacted by one of the principals from Duellatorus who was keen to tell me about this relatively new forex trading group. However, whilst the company is new the traders are not. They have worked very succesfully for well known trading organisations in the past. As in many other cases they wanted to try things for themselves and therefore set up Duellatorus.

Given that it is comparatively young the company wanted to gain some more exposure and asked me whether I would be interested in profiling their offering on my blog. I’m always keen to publicise genuine income producing opportunities so started a dialogue with them.

They pointed me in the direction of the Forex Peace Army forum where they already have a presence and that gave me some of the background I needed.

Long story short I have agreed with the group to let them do some managed trading on my behalf. I think it is important to mention that their services also include personal forex training so they have at least two strings to their bow.

Rather than write a novel suffice it to say that I will be investing some personal funds and they will be investing these on my behalf. The sum I’m investing is fairly small but I wanted a way to report on how successful their strategies are.

They have agreed that anyone else who might be interested could do the same as myself (maximum account $5,000) as long as they are recommended from my blog. Just to make it clear I would not be receiving any form of referral fee for this.

In fact I’d suggest that no-one take me up on this offer until I have something of a track-record in place. The type of trading they do can be fairly aggressive so I don’t want anyone to commit their own funds until Duellatorus can show what they can achieve.

How UPFS aim to take the guesswork out of Forex Trading…

admin — Wed, 14 Jul 2010 16:16:55 +0000

Learning a way to make a profit regularly at Forex can be a frustrating and time consuming activity. Especially if you have to do it alone.

Of course there are now many books and internet sites available that try to help you in this endeavour, some are good and some are not so good.

You could try one of the many varieties of robots on the market. The question always arises, which is the right one to use. Again some have merit, the vast majority don’t.

So how about a more personal approach? Training sessions that happen in real time. They allow you to learn at your own pace and interact directly to get your questions answered.

This service is available from United Pacific Financial Services (UPFS), they provide two or three hour sessions four times a day where you can learn via the internet at a pace that suits your own requirements.

They are a full brokerage service providing the popular MT4 trading platform and demo accounts to help you learn to trade for yourself. They run sessions at the following times (all EST):

5AM – 7AM
9AM – 12noon
5PM – 7PM
9PM – 12midnight

When you sign up the first two days are free, after that it is $10 per day (not per session). You can pay via Western Union, Bank Wire or Solid Trust Pay.

For an even more personal approach they offer intensive residential courses where you learn at a much greater level of detail.

If you like the idea of earning additional income from Forex but don’t have the time or inclination to learn how to do it yourself UPFS will trade funds for you (there is a 30% fee on profits made so please bear this in mind).

Phoenix Forex Code from honest johns…

admin — Thu, 27 May 2010 14:27:00 +0000

No doubt like myself if you are interested in online investments you will probably have paid some attention to forex trading. In my last post I showcased the work being done by Brian Campbell in providing a free training resource.

But of course Brian is not the only one out there, the problem is finding trustworthy sources and this is never more true when it comes to the area of forex robots (otherwise known as Expert Advisors (EA’s)).

The allure of these is seductive as it means you can load up the EA, walk away and come back later to collect the profit. At least that’s the theory. In practice of course it’s a whole lot harder and many scammers capitalise on this.

But I’m not going to focus on the bad today, rather recommend a couple of people who genuinely try to help their supporters. Long story short they have tested a bunch of EA’s and whilst some appear to work reasonably well they have decided to develop their own and I think it is worth looking at if automatic forex trading is of interest.

Steve and Dan have developed the Phoenix Forex Code EA and are currently marketing 100 copies. Their aim is to sell a maximum of 500 so this should provide some reassurance that the market won’t be swamped and you receive a ton of emails from affiliates pushing this latest forex miracle.

I do have to say that Steve is no web designer and his site is pretty basic but that shouldn’t put you off. The product is the important thing and that’s what you should focus on.

Phoenix Forex Code sells for $127 so compares well with other EA’s. They are keen to maintain security so you will need to obtain activation codes before you are able to use it properly but I don’t believe this is a bad thing.

I’m testing Phoenix Forex Code on a demo account at the moment and as it only trades one currency pair and the default settings look reasonable it shouldn’t cause me too many anxious moments. Probably won’t make me a millionaire anytime soon but with sensible compounding I’m hoping it will prove profitable.

Rapid Forex about to start 90 day live trading training…

admin — Wed, 26 May 2010 19:22:27 +0000

Brian Campbell is a man who seems to have a good lifestyle. As a Forex trader he recently set off on a world trip determined to show that he could still trade wherever he ends up.

Well at least that was the idea…it seems that Hawaii has persuaded him to stop off for a while so he is putting down some shallow roots for the time being.

So what I hear you ask. Well Brian is someone who feels that what he does can be learnt by others and he has embarked on an ambitious programme to help people learn the art of forex trading at his site RapidForex.

He began by creating a 20 part course that takes people through some of the basics of forex trading and ending up with a good overview of what forex trading is all about.

Recently he has produced a series of short videos to accompany the course.

Next, he plans to undertake a 90 day period of live trading where students can join in and learn first hand just how to trade the way that Brian does.

If you have ever considered forex trading as a way of earning additional income you could well consider enrolling with Brian to see if this is something you would be interested in doing.

Don’t hang about because the 90 day programme will start shortly…

Hey buddy could you spare a dime…or a euro…or a yen…

admin — Thu, 05 Nov 2009 19:58:41 +0000

Recently I had cause to curse the workings of the great financial giants that astride the currency markets. Now I’m not suggesting that I fell foul of currency crooks for millions but in it’s own way I was frustrated by the money system.

I wanted to make an investment in a particular programme that traded in Euro’s. As my home currency is the British Pound it seemed fairly straightforward. All I had to do was send my GBP to a payment processor, use their services to convert to Euro and make the investment. Unfortunately things didn’t work out quite like that.

There was no problem sending the funds from my own account to the payment processor. Next was the conversion to Euro’s. Cringing at the less than favourable exchange rate I was presented with I nevertheless pressed the submit button and hey presto my original GBP miraculously turned into Euro’s.

Then I made the payment to the online programme. All sounds pretty simple really and there is where things went wrong. When I logged in to the online investment plan I realised that the amount of Euro’s I was expecting wasn’t in the account.

As I’d done a similar transaction in the previous week I wasn’t expecting any problems so this was something of a shock. I submitted a support ticket to the online investment group and asked why the funds I had invested weren’t as I’d expected. I was anticipating a reply to say that a mistake had been made and that my full amount would be credited.

What I got was a reply to say that they had invested the sum they had received from the payment processor. Yet I knew that the sum I’d converted was higher than I was seeing on the screen. Doing a little more research I discovered that the online investment programmes’ account with the payment processor was designated in US$.

So, I’d converted GBP to Euro’s in the belief that when I paid the investment account it would transfer the whole amount of Euro’s. That’s where my assumption went awry. What happened in practice was that when my account had been converted into Euro’s the processor then converted the Euro’s to US$ so that they could be applied to the investment company account. These US$ then had to be re-converted to Euro’s to be placed with the investment programme. The result of all this was a cost I wasn’t expecting!

Moral of the story is to check just what machinations your funds have to go through to get from your account to its final destination.

Van funds comes recommended by a reader…

admin — Tue, 29 Sep 2009 13:24:00 +0000

It’s always great to get feedback from my blog readers especially when they have recommendations for programmes that have real promise.

So, today I want to acknowledge the recommendation of Vanfunds by Mohdnorli Abdullah. Clearly this is a site that Mohdnorli is excited about as he has created a blog dedicated to introducing it to a wider audience.

When I took a look at the site the first thing that impressed me was the professional look and feel that has been created. There is a lot of information available on Vanfunds and they make sure that you are able to access it quickly and without fuss.

The company run managed forex funds where you can invest in 3 different plans. The minimum amount you can invest is $200 and this provides a maximum monthly return of 14.7% (year to date shows a cumulative return of 110%). The other two funds require a minimum of $2000 and $20000 respectively. As you’d imagine these provide higher monthly returns and for the year to date the first is showing a cumulative 124.7% and the second 140.8%.

Once you join Vanfunds and make a deposit you are eligible to receive a free prepaid ATM card. This will enable you to withdraw funds at ATM’s worldwide or pay for products and services directly.

As with other online investments there is a need to have your account verified by providing ID and signing a Vanfunds contract. You are able to upload scanned documents to the website so the process is very easy. They do quote 10 days for checking of verification but mine was completed in less than a week. It’s worth noting that they didn’t tell me they had approved the documents so it is well worth checking back regularly.

In summary this looks to be a very sound investment and again I’d like to thank Mohdnorli Abdullah for bringing it to my attention.

PS – the return for the latest month on the basic account was 11.75%, another great result.

A unique way to raise funds for your favourite charity or community group…

Cash Master trialling Market Raider Plus…

admin — Fri, 10 Jul 2009 15:09:00 +0000

Graham Laurie over at the Cash Master blog is currently trialling the Market Raider Plus software system from Ian Williams.

This is a forex system that provides alerts when to buy or sell a particular currency pair. It also indicates the stop to use and as the trade progresses all you have to do is move the stop accordingly until the trade gets stopped out.

Graham mentions that using a daily chart may be a good idea for those people who aren’t able to watch trades during the day. The signals given are clear as to when to act and as only one signal is operational at a time it should be very manageable. For those who want more action you could trade on more than a single pair. There is a 30 day money back guarantee but as Graham mentions one month may not be enough time to evaluate performance so any prospective purchaser would need to bear that in mind.

Since the trial started Graham has already tweaked a few things in how he is running the trial so it may be a few days yet before everything settles down.

So far results have been interesting and you can read the report for Monday, Tuesday, Wednesday and Thursday yourself. It seems that the software provides the capacity to make good gains but also limits losses to minimal amounts. It will be interesting to see how the trial progresses.

Cash Master Blog showcases two good opportunities…

admin — Tue, 10 Mar 2009 21:11:00 +0000

I’ve previously posted about Graham Laurie’s Cash Master Blog as a good source of information on various investment options.

Today I noticed that there were two new posts on the blog which may be of interest. For the last 3 months Graham has been trialling a service called LS Trader. This is an advisory service where you only have to spend a short time placing and subsequently monitoring the trades they advise.

As something of a caution you should note that the minimum balance recommended to trade with is £3,000. The service recommends using IG Index as a trading platform and provides ways to ensure that any amount traded can be a small percentage of the overall bank.

The other opportunity is the FTSE Wealth Builder from Neil Leitch. Graham has only just started to report on this so it is a little too early to make a totally informed decision, however, initial impressions seem very positive. The system is straightforward to use and Graham has confirmed that his selections match Neils’.

It’s also comforting to note that Neil sends out daily updates of how things performed and responds very quickly to email questions.

Both opportunities have great potential and I shall be following Grahams’ reports with interest.

FapTurbo double whammy in my FXPro account…

admin — Sun, 08 Mar 2009 16:15:00 +0000

All I can say is…ouch. This past week I was hit with a double loss on the EURCHF pair which has badly dented my FXPro account. It seems that the pair were subject to a large movement and FapTurbo closed out at a significant loss on the trade.

This was doubly painful for me because the software had opened two trades simultaneoulsy so my loss was double. I’m still very uncertain about FXPro as a broker for FAPTurbo as my trading experience has not been that positive.

However, I am pepared to give it at least one more week to see if things can turn around. If not, then I’m going to transfer to another broker as soon as is practical.

What’s heightened my frustration this week is receiving about six different emails from different sources extolling the virtues of FAPturbo and how much money it is making for people. Now, I’m not convinced as it just seems that they are hyping up the product because it’s been a while since the orignal launch.

If you have been sitting on the fence on whether to buy FAPTurbo then my advice at the moment would be to do a lot of research and make sure that any claims made about profit can be substantiated fully.

One place you may want to try is FAPTurbo Review as they have been using the software for 15 weeks and provide a video update each week as to what has happened. They run two live accounts, one with FXPro and one with FXDD. The account with FXPro is in the region of 36% down (reflects what I’ve experienced) and with FXDD it’s 50% up.

Clearly, choosing a suitable broker is a critical element for success.

FAP Turbo still slow for me…

admin — Tue, 24 Feb 2009 21:02:00 +0000

Last week FAP Turbo was very quiet for me with only 2 trades resulting in a small loss of about $1. When I checked the results for yesterday I saw that there was another loss of approximately $10 so for me there is still some way to go before I see any real return.

Now, this may be because the spreads that FXPRO use are still outside the range that I’ve set in the EA but in a way I’m working on the basis that being out of the market is not such a bad thing.

I think I’ll leave things as they are for this week and then review things for next week. There are quite a few sources of information around people using FAP Turbo so this will be a good starting point when I review everything.