wlk1 posted: I did sign up for an online course when I first began in 2010. I'm not sure if I'm allowed to name it here, but the site pops up on the first page if I google 'learn to trade forex'. He teaches how to trade price action with nothing more than candle patterns with support and resistance. I have to admit that it is not a complete waste of time/money. If you really didn't know a thing about trading forex, and needed a primer it would have been a decent place to start.
He had some pretty good ideas, strategy and tips. I did it for a few weeks/months and I was breaking even. In hindsight, the system that he was teaching may actually have been profitable in the long run. Its a pity his training materials were not very well presented or organized, and I gave up.
I would't consider myself a sucker, but I did pay money to learn. :)
I think you're talking about oranges and I was talking about apples. Sure there are some reputable FOREX educators, but what I was addressing are the charlatans that promise unrealistic returns with their manual system or robot.
I started trading in 2008 then took a break.. I'm giving up after 2 more years from now.. lol I can work and make more money than doing this.. There are more profitable ways to use my time. But until that 2 year mark.. i'm going balls to the wall to make this work :)
Pretty amazing. Has a large sample size in time and volume.
75% win rate (Avg win 667pips), incredible. DD of 10% incredible. AvgWin > AvgLoss. Besides the unrealistic result which I find hard to believe, albeit might be true, but never heard of the broker. That's not to say they're not legit.
One thing I've noticed any system that is verified with these results inevitably has some obscure broker.
In in my experience, the maths just doesn't add up (In the sense to good to be true). It is possible that he is trading several deviations to the right of the mean, that can happen short term but extremely rare to impossible longer term.
His trades are not private, suppose the only way to see, is keep an eye on any new open trades and see if they are legit, but if there is any fudging going on with the broker then that won't tell you anything either.
If this account is true, then what more can you say than WOW, well done, fantastic results, congratulations, hope it keeps up, nice to see someone raping the big guns at their own game.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.