Mr$cash asked:
I whent to a workshop about trading currency in the forex market using the Premiere Trade AI software. They whanted $2,995 for the software and they brag about how eassy this is to use. They gave us a pressentation on how to use it and it look simple but I don’t have experience on trading or using any trading software so what do I know. It will be nice to get some info. first from some experts on trading out there, so hopefuly someone can help!. Thanks for your time.
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I whent to a workshop about trading currency in the forex market using the Premiere Trade AI software. They whanted $2,995 for the software and they brag about how eassy this is to use. They gave us a pressentation on how to use it and it look simple but I don’t have experience on trading or using any trading software so what do I know. It will be nice to get some info. first from some experts on trading out there, so hopefuly someone can help!. Thanks for your time.
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{ 3 comments… read them below or add one }
Forex Broker Best
I see the advertisement all of the time.I have a website dedicated to the forex trader.I guarantee you i am better than they are on making money.Ive traded stocks and commodity futures this is where the rich trade Through 17 yrs of trading you learn its almost like a puzzle when you put it together you start to see a picture.What they are doing is when they see momentum of a currency this is when they are telling you when to get in.All of my customers get in at 2pm pacific after the stock market has closed i use data out of the u.s. and my system will tell me which way overnight the u.s. dollar will go im %80 maybe a little higher when i first developed it i started small i turned $500 into over $3000 in a couple of weeks.I know exactly where to put in my stops to limit our losses.My site is fairly new so to add to my business i offered for free my predictions so people could follow if they invested $500 a week later they had $1150 it could have been more but i use a point system and was within 5 pts which is very close from going the opposite way which is rare.We are short or think the gbp/usd will go down overnight you can monitor us.For that $3,000 your thinking about that system its possible you may have $15,000 to $20,000 in a month or less with us.If you dont know how to trade your not going to get any better than me.I thank god for the knowledge and dedication he gave me believe me you see these young guys like premiere trade i watch it often just because its interesting because im a trader but their too young to know anything it takes years to develop and not just a few hours here and there to it.Any questions or go to my site. after moneyinthebank. add instantecom.net the computer wont allow me to put in the whole webaddress.good luck
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Yes, I use PremiereTrade every day.
People like Gary, here, spend a lot of effort bad-mouthing it, w/o any personal experience with it. People like that also try to tell the market what to do.
PremiereTrade is a group of traders that have a system that works. Notice, they are not a software company, just peddling software. James Dicks is a pro, and has put together a very good group of traders, also degreed people. Gary, on the other hand, needs to go back for High School English grammar.
If you’ve ever seen WizeTrade, for stocks, it’s a lot like that; very simple. But through 6 hrs a day of training every day (if you want), and use of the chat rooms and Message Board, you can make it as involved and complex as you wish. You can also get help from and talk to their traders. I’ve not seen this much help elsewhere.
I’ve done rather well with it, but not everyone does. I’ve traded stock index futures for about 15 yrs, and got tired of the whipsaws. When the trends start coming back, this forex business should be a piece of cake.
PremiereTrade has been going through some growing pains, and thus problems, but they are coming out with a complete new release of their software in a few weeks.
Unless you want someone else to manage your money for you, like Gary, then you’re going to need a lot of help to get started. PremiereTrade is probably your best shot.
Just know that most people blow out quickly because of the leverage.
You can buy $100,000 worth of currency with $1,000 margin in a standard account. This would be the purchase of one standard lot, at 100:1 leverage. Or you can get 200:1 leverage in a mini account. Wo, how much trouble can we get into now?
Just because you “can” doesn’t mean you “should” trade with this kind of leverage. Trading stocks with 2:1 leverage is considered risky.
What most people don’t seem to realize, is that you don’t have to trade with leverage at all. Just put $100,00 in your account, buy one lot, and you have zero leverage. Or put $10,000 into a mini account and buy one mini-lot, or $1000 and buy one micro-lot.
You can see that by controlling leverage, trading the Forex doesn’t have to be any more risky than trading stocks or any other investment.
The same holds true with all or any futures contract. You decide how much leverage to use, and how much risk to accept.
Oh, and Gary, the GBP is up 30 pips tonight in the European session. Guess you got stopped out. This is not the place to solicit and hawk your wares. It sounds like you’re begging.
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Dre’s definitely closer to on target than gary.
You need to ask yourself what do you want, a system, or to learn how to trade.
Personally, I think there are some better products out there. However, most all of those systems do work if you follow the rules and apply discipline and money management.
I like Wizetrade’s system (Forex Made Easy)’s a little better than premieretrade because they also show stocks in multiple timeframes. But both will help measure a market’s buying/selling pressure to help determine reasonable entry/exit points.
What’s nice is that all of the sytems give you up to 30 days to try them out as well. So, what you might do for now is do a little research to learn about the forex market. Then, open a virtual account to practice in.
Then, when the companies return to town (about every 4 months), you can buy the product and try it out. Trade it live for yourself and make your mind up then. No risk since you can return it and with a little education under your belt, you’ll be able to better make the proper decision for you.
If you have any questions, let me know.
Hope that helps!