TradeProfits

The End of Fake Testimonials?

Posted on 08. Oct, 2009 by Jakob.

0

Every time a new forex related products is released, one thing is sure; the sales page is hyped up, not only with crazy claims about how many pips and dollars the system can make you usually within an hour, but also with testimonials from people who claims the value of the product to be huge and that they have made an unrealistic amount of dollars in less than an hour. Such testimonials seem to be a very standard aspect of these landing pages. I am sure that 99% of all testimonials I have seen through time, has been fake and written by the creator of the page. The reason is, that before, it was legal to post them, as long as there was some statement on the page, telling the potential customers, that these results are not typical. Usually, you would find this, written with the smallest possible font size, at the very bottom of the page. In most cases you will probably not even reach the bottom before you leave the page or buy the product, as these pages tend to be some miles long. However, the Federal Trade Commission has come up with some new regulations, which might prevent, at least the use of stupid testimonials. I am sure we will see the internet marketers starting to use other lame-ass techniques in order to convince us about the great potential of their product. Maybe they will make the landing pages even longer (if possible); this seems to be one of their favorite methods. This might be the next place for FTC to step in; make regulations about the maximum length of one single page..

Permanent link to this post (277 words, estimated 1:06 mins reading time)

Continue Reading

Win One Month with Timothy Sykes – Tim Alerts

Posted on 06. Oct, 2009 by Jakob.

3

I have been writing about Timothy Sykes products several times here on TradeProfits. Tim is a successful pennystock trader, and so far he is up about 500% since he started his service, all confirmed through Covester. Since I have been mentioning Timothy Sykes and his services several times, I thought it was about time to give my readers a chance to try his signal service, Tim Alerts. I am aware that most of my readers are into forex trading, but there is nothing wrong in expanding your interest. I will be giving one month with Tim Alerts away to two lucky readers. All you have to do to enter this contest is to sign up for my newsletter. If you already subscribe, you do not have to do anything. The two winners will be announced here on TradeProfits in the upcoming weekend, Saturday evening. Be sure to sign up before Saturday if you want to participate.

Permanent link to this post (157 words, estimated 38 secs reading time)

Continue Reading

Get Fundamental Forex News Free and Fast

Posted on 06. Oct, 2009 by Jakob.

0

A few days ago I wrote a post about a free forex newsreader. It is working properly but not the best option if you like to trade the news, as it extracts the information from forexfactory. Of course you have the option to go with one of the more expensive services, but what if you could get one for free, which is almost just as fast as the paid services, all for free? Well now you can. The site is called NewsDataReport and I must admit that this is rather cool. I tried it for the first time today, when Canadian news was released, and it works absolutely perfect. Now only is the numbers stated on the page, but it is also called out loud, so there is no need to look at the screen. This is definitely the best free solution out there, for those of you who want to trade the news releases. The only negative aspect of the site is that it does not call out all major news. Besides from that, I cannot think of any. Thank you to ForexCrunch for the information about this truly great site. Check out NewsDataReport here.

Permanent link to this post (197 words, estimated 47 secs reading time)

Continue Reading

Non-Farm Payroll Trade

Posted on 04. Oct, 2009 by Jakob.

0

Last Friday we had the Non-Farm Payroll numbers, and I took one trade, as planned. Actually I had a pending order waiting to be triggered, but this never happened, and I closed it before the NFP. The numbers came out worse than expected, and I got in on a long EUR/USD trade, about 20 minutes after the numbers was released. I got in at 1.4514, risking 2% on a 100 pip stop loss, and closed the trade at 1.4580 for a profit of 66 pips, or 1.32% return on account balance. This is definitely a better start of the month, compared to last month’s NFP trades. This time I traded almost exactly according to my plan, although I was risking 2% when I had actually decided to trade 1%. All the details of this trade was, as always, posted on twitter, with a warning some minutes before the actual trade. I am looking to change the way I send these signals, so I you want to be updated, but sure to sign up for my newsletter.

Permanent link to this post (177 words, estimated 42 secs reading time)