Forex Tracer - Forex Trading - con or not??

flinco

flinco

flinco

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Australia
Came across this and although i rarely believe anything that looks too good to be true, would it not be worth buying the software and trying it with fake money for the first month to see if i got good results, then get a refund, which your allowed to do, if it doesn't work ?

http://www.forextracer.com/?hop=indxpage

I was looking for unbiased reviews but can't seem to find any, they all seem to be affiliates of the actual company, can anyone find me one?
 
lets all buy a copy then we can all be squillionaires!


if you think you're going to get rich using that then you may need your head seeing to :p
 
Any website that looks like that sales pitch is so clearly a con, get rich quick, we make $500,000 a year and we're so kind, we are going to share it with you for $137.
Sounds too good to be true?
 
Put it this way, if it worked, why doesn't everyone use it? It claims to need no human interaction, so why does everyone not just get it?
 
Disclaimers are always useful:
Disclaimer
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
All information on this website or any e-book purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FellowTraders and any authorized distributors of this information harmless in any and all ways.
All rights reserved. The use of this website constitutes acceptance of our user agreement.
Click to expand...
 
JIM_BOB7813 said:
Any website that looks like that sales pitch is so clearly a con, get rich quick, we make $500,000 a year and we're so kind, we are going to share it with you for $137.
Sounds too good to be true?
Click to expand...


^^^ this

trading systems are complete spank - if you had a system that works then why would you sell it
 
Its nonsense - All the material on their website is preselected

Their tests and there "testimonials" are all showing massive gains, but those are the only ones they are choosing to show you, not the other 9999 who made massive losses

I wouldnt say its just a random number generator, but it isnt much better.

Additionally, If you think you can buy some software and outwit ( forex trading being a zero sum game ) people, nay, whole companies and banks who sink millions of pounds into market suvellience and technical analysis you are fooling yourself.

Your lower bankroll will just mean you are wiped out. see Gamblers Ruin at wiki
 
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