forex signals

[moynul]

Hi Dennis Carr
Hope you are good. I am having quite hard time in the market :o after all I do my education. My main concern is that there are many forex signal software out especially like www.tradertech.com Vantage Point and others too and they say that our software works 80% of the time and it’s the best in the world etc.. What do you think about these software’s? As you are more experience in the market also on education. I am getting quite convince what the vantage point are telling me but I thought I will like to discuss this to my teacher (Dennis carr). If you know anything about this company please tell us. It’s a quite a lot of money to invest ?2000 esh. Really its may be a lost or mmm. Also please mention how do they work and based on what?
Thank you so much:cool:

Ibnrafique2005@yahoo.co.uk

[Dennis]

Hello Moynul
Hope you are good.
I am very well thanks and I hope you are too.

like www.tradertech.com Vantage Point and others too and they say that our software works 80% of the time
I have never heard of Vantage Point but my main question would be what do they mean by 'works'? The site says quite clearly that they do not mean that 80% of your trades will be successful, but what does it mean. If it means that you'll make 80% profit on your investment then you have to wonder why they are going to all the trouble of trying to sell it.
What do you think about these software’s?
Generally, I view such claims with a huge pinch of salt.

The site does say that you should understand what neural programming is before you commit and if I were attracted (which I'm not) I would try to find out as much as I can about neural programming before I parted with any cash.
It’s a quite a lot of money to invest ?2000
I agree and if you check the 'refund if you are not satisfied' clause, you will see that at the most they will only give disatisfied customers back GBP1500.

I think you need to clarify your aims. What do you want to do with this GBP2000?

Do you want to learn how to trade?
Or are you looking to invest it

If you want to learn how to trade then you could use much less than that to micro trade using a strict money management and risk management strategy. That way you will actually learn how to trade.

If you are looking for an investment, you need to identify the return you want on the investment, the risk that you can tolerate and other investment factors.

Unfortunately, I don't think operations like Vantage Point et al will achieve either aim.

Sorry to be so negative but I think your money will be better off in your bank than in Vantage Point's

Take care

Dennis
Ibnrafique2005@yahoo.co.uk[/QUOTE]

[CharlieM]

Three years ago I thought VP was the road to the riches well it was .... for the person who took my money. In no time at all I'd blown my first account :o. In hindsight I knew nothing about FX or TA (technical analysis). I figured I didn't need to I just had to use VP. Well I've never used it since.
IMHO, it is very expensive for what little it does, and don't forget you have to pay for end of day data, another 200USD or so per year.
You can find many forums that discuss VP some even say they are using it successfully. I'd like TraderTech to show us their transactions or do they not use that own product.
If I could do it again I would use the money I paid for VP and put it towards good training and use the rest for a mini\micro account.
Here's one place to look www.traderchat.com (http://www.traderchat.com)

Good Luck