Archive for 'Link Love'
Random Noise
Posted on 31. Dec, 2009 by Jakob.
It’s the last day of 2009 and probably the last post of the year. It’s been an interesting year with a lot of new things taking place in the trading environment. In one of the upcoming days I will write more about what has been happening here at TradeProfits and some of my plans for the upcoming year. For now, I just want to share a few interesting topics with you guys.
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Investimonials – A Review Site from Timothy Sykes
Posted on 25. Nov, 2009 by Jakob.
Timothy Sykes is a well-known pennystock trader. I have mentioned him several times here on TradeProfits before. Last night I got an email from Tim about a new site called Investimonials. The site looks cool, and navigation is easy. At the moment, there are more than 3000 financial “products” added to the site, just waiting to be reviewed; that is, brokers, blogs, websites, DVD’s, books, newsletters, software and freebies. As the site was launched last night, there are only a few reviews at this moment. However I expect that Investimonials will take off fast, due to the IV buck system. You can earn IV bucks from signing up, referring friends, writing reviews, etc. 1 IV buck equals $1 and you can use the IV bucks to buy real products.
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Don Steinitz’s HAS MTF Hedge EA = ForexRobotNoLoss?
Posted on 18. Nov, 2009 by Jakob.
Casey Lim from Best Forex EA has made a great post about a new EA called No Loss Robot. He argues that this new EA shares many similarities to Don Steinitz’s HAS MTF Hedge EA. In fact they seem so similar that it looks like an exact copy! I love the way he outlines all the details, about this. I am sure that the majority of sales pages out there use the same approach as these guys (fake testimonials, photos from istockphoto, etc.). Anyhow, it turned out that Casey was wrong about one thing; The No Loss Robot was not a copy of Don Steinitz’s HAS MTF Hedge EA. It is the exact same EA with additional features (some improved stop loss function). Casey wrote Don Steintz with questions regarding the No Loss Robot and Don said that he had entered a partnership with two guys because they had some excellent ideas on how to improve his system. Now obviously there is nothing wrong in improving his product. However, it seems fair to say that this should be mentioned both on Don Steinitz homepage as well as on the No Loss robot page. In addition to this, they should stop using fake photos and unreliable claims:
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Build Your Own Expert Advisor
Posted on 23. Oct, 2009 by Jakob.
With new Expert Advisors coming out almost daily, it can be a rather tough task chose the right one. All of them claims to make you rich within the end of the week, and yet I am still to see one that consistently makes profit. Although some of them might be profitable, they often have a horrible risk/reward ratio, where one loosing trade will take you back down to zero or worse. I just spoke to one of my friends a few minutes ago, and he told me he was about to learn how to program EA´s and then I thought about this article I read the other day. Well how about programming your own forex robots? I know that this requires some skills and it takes time to learn; so how about a shortcut? Apparently ForexGenerator should make this easier. I have tried their service so I can’t tell if it is good or not, but you can sign up for a free 60 day trial period to test it. If you would like to develop you own EA, why not give this a shot?
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Contest over at ForexPeaceArmy – First Prize of $1000
Posted on 20. Oct, 2009 by Jakob.
The guys from ForexPeaceArmy are hosting a new contest where you have the chance to win some dollars. Here is the lineup of the prizes:
• First place will be $1000 (1 prize)
• Second place will be $500 (1 prize)
• Third-Fourth place will each be $100 (2 prizes)
• Fifth-Seventh will be $50 (3 prizes)
• Special Prize! will be $150 (1 prize)
The task for entering the contest is rather simple. All you have to do is predict what the bid price of the EUR/USD and the GBP/USD will be at on Friday November 6th. :) This is a great possibility to show your skills as a good forex trader, and make money from it. Read all the details here.
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How many trades can you afford to Lose?
Posted on 30. Sep, 2009 by Jakob.
A common mistake by forex trader, specially news ones, is to underestimate the value of good money management. I sure did this for a long time as well. Using too much leverage on trades is something which will wipe out your account in no time! Often I even see traders apply some level of a martingale strategy, which in my opinion is even worse. Another common practice is to add up, into already loosing trades. Strategies like these might a first sight seems to have some valuable motives but in the end you expose yourself to more risk, and often without changing the reward. The admin over at Trainee Trader has written a great post on this subject, which should help you to understand the importance of good money management. Check it out here.
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What time frame to use when trading the Forex market?
Posted on 25. Sep, 2009 by Jakob.
When I started out in forex trading, I was mainly trading the short time frames, believing that I would be able to pick up a few pips here and there. I think that a lot of traders are doing the same, specially the new ones. However, it can be a good idea to start using a longer time frame, for several reasons. This is definitely one of the aspects, which has improved my results. James W. from ForexArticles.com has a great post about this, which you can read here. Besides, there is a bunch of other interesting articles over there, which you might want to check out. It is well worth a visit.
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Profit From Behavioral Flaws in the Market
Posted on 06. Sep, 2009 by Jakob.
Kris Matthews, the creator of TheGestaltShift, has made a rather interesting video about market dynamics. It’s about 10 minutes long, and yet full of valuable points. He covers different aspects, with which I highly agree. You should give it a go, if you got 10 minutes to spare. It’s a pretty good lesson. If you like the video he has to more, which you can find here and here, and you should check out his blog as well. It seems like Kris plans on making more videos in the future, which I will be looking forward to. Check out “Profit From Behavioral Flaws in the Market” below.
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4Xproject Webinar
Posted on 23. Jul, 2009 by Jakob.
The guys over at 4Xproject are doing a great job keeping their blog updated. This is probably one of the best blogs out there on automated trading. They are reviewing every possible new EA, and gives detailed explanations about them. This morning I just got an email from them, about a webinar which they are hosting today. I plan on participating. The will cover the following topics; how to evaluate an automated trading system, how to identify scam and how to understand back tested results. My guess is that you will be allowed to ask questions as well, and they will probably do their very best to give you the right answer. It is free, so why not join in.
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Get one year with TimAlerts for $197
Posted on 19. Apr, 2009 by Jakob.
Timothy Sykes, a great guy well known for shortening pennystocks and making a good amount of money from it, is currently offering his Alert service at a discounted price, until Tuesday, April 21st. I am not a member but once I get an account up and running, I sure plan on becomming one. Tim offers a wide range of different products, and TimAlerts is, as the name implies, a signal service for (mainly) shortening pennystocks. There are a ton of testimonials over at timothysykes.com and it seems like most of his members are satisfied customers. If you visit his homepage timothysykes.com you will see what I am talking about.
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7 Tips & Tricks For Trading Forex
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Trading Forex – EUR/USD Up or Down?
- Forex Signals on Twitter
- Don Steinitz’s HAS MTF Hedge EA = ForexRobotNoLoss?
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