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Trading without a Proven Strategy...How Many Accounts Do You Want To Blow Up?

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Old 2nd October 2007, 12:50 AM
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Default Trading without a Proven Strategy...How Many Accounts Do You Want To Blow Up?

Is Forex Trading Risky?

Absolutely! In my eyes it’s the most unstable market an investor can get into and subject to strong trends and sweeping changes. Experts say that you should only venture into the Forex waters with risk capital because the numbers show that 95% of investors loose all their money within a few months. There is no place for the feint-of-heart, and it’s definitely no place for uninformed investors because there is a massive potential for loss in Forex trading.

Even though I’ve had some success in the market (best trade made $10,000 in 2 days) I’ve been burned many times and have lost several accounts trying to trade directionally and predict which way the market was going to move (worst trade lost $38,000 in 5 minutes).

You tend to remember your big losses more than your winners and I cant even describe the feeling watching an account balance of 38k fall to 22 dollars in a few minutes. Even worse is the sleepless nights watching over your account in fear of experiencing the dreaded margin call and then trying to function the next day when you got margined out or experienced a huge loss.

I’m writing this post because its seems like now more than ever the Forex market is really starting to catch the eye of investors just learning about the huge profit potential that is available but naïve to the quick losses that can result with inexperience and lack of knowledge.

I actually had made up my mind a little over a year ago that I was done with the Forex Market after blowing up several large accounts. I couldn’t deal with the emotion and physical toll it was taking on me and it really effected my mood and my attitude that was becoming noticeable amongst my family and friends.

Then one evening I received an email from a friend of mine asking for my opinion about a trading system called FreedomRocks. Needless to say I was very skeptical after spending thousands of dollars on forex training courses, material, books, etc.

Since they offered a 15-day trial I told him I would test it out because I was going to prove to him it was a scam or a system that would loose money. Well my opinion about the market is now completely different, and before when I thought Forex was only for seasoned investors with huge capital, I now believe that anyone even those with no prior trading experience can invest and be profitable without having to go through a huge learning curve.

The FreedomRocks trading methodology is a brilliant and unorthodox way essentially of putting on a Hedge Strategy (Carry) Trade. The "Portfolio Allocator," a proprietary calculator, tells you exactly how many lots of each currency pair you should trade. And then the "Portfolio Manager," another proprietary calculator, tells you exactly where you should place your pending entry buy and sell orders to take profits when the market reaches a pre-determined position -- whether it goes up or down.

You lock in those profits and then reset your position, and, in the meantime, the main trade hopefully will be making you additional money or at least be so closely hedged that you don't run the risk of losing money. It’s fully automated and your alerted by e-mail or text message to your cell phone when profits have been taken. Until they are, there is nothing for you to do so you do not have to sit in front of a computer 24/7 waiting for trading set-ups.


The FreedomRocks trading system represents a complete paradigm shift from traditional trading models. Here are just some of the differences:

* You place all of your own trades, in your own brokerage account, so you always have 100% control over your money
* There are no charts or graphs to read
* No research
* No signals
* You'll always trade currency pairs which (historically speaking) move in opposite directions
* You'll seldom exit your positions
* You can manage a portfolio of any size in just a few minutes per week
* You don't have to monitor your portfolio all night when the markets are their most active
* In addition to your trading gains, you can set your portfolio to produce virtually any level of interest you desire - keeping in mind, that higher interest rates may significantly increase the volatility and overall risk of your portfolio

I would be more than happy to share my experience about Forex trading and using the FR strategy. Feel free to contact me as I strongly believe that no one should have to go through the same looses and struggles that I experienced and everyone could use a mentor or trading group to network with.

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