Why you should run far far away when you see “make money like clockwork” or “no trading knowledge required”!

Why you should run far far away when you see “make money like clockwork” or “no trading knowledge required”!

 

With the thousands of people that we meet at previews, I frequently get forwarded emails or pamphlets that say “make money like clockwork while you sleep”, or use my trading system and “no trading knowledge required” to make $1,000 to $300,000.

 

In the beginning, I would make the effort to write long replies that included all the statistics and probability ratios of why it would be impossible for anyone to consistently make money without any effort or knowledge.  In fact, there has been no one in history who has, except for the guys selling these “clockwork” systems.

 

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Now, I’ve a much quicker answer

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Imagine this, it costs me USD$195 (or whatever the price is) to buy/ subscribe the software and $1,000 to start the account.

 

Why don’t I (or a bank or financial company) just take out $10,195 and immediately, while I am sleeping; I would have made $3 million dollars!

 

That’s a WAY better deal than any property/investment deal I know of.

 

Then I spend 1 more month, take that $3 million dollars and put into the system and make$300 million! Yes, I would be worth about 1 public-listed company.

 

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Which part of your soul believes that the lazy get rich?

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Despite the fact that there is more written proof of men going to the Moon, than there are of people who consistently make money like “clock-work” without knowing anything about trading markets; you will still get people who sell these mirages.

 

Because greed and the temptation of lazy riches is in human nature.

 

That is why Warren Buffet says it best: “to make money from the markets; master your emotions first.”

 

He should know, he’s been doing it for a lifetime, and pretty darn good.

Posted via email from Forex Driving School!

Simple Stock Market Tips for August 09!

5 August 2009

The S & P 500 chart and the Dow Jones Industrials is showing a nice recovery channel (though pessimists would call it an ascending wedge) on the bigger picture charts.

This effectively is good news for any one wanting to buy stocks.

Does this mean that it will not drop down again. Definitely not. - A near term correction would be expected and not surprising, however, a total free-fall from this point is quite impossible. So, if you can afford to buy quality and hold, it is really quite hard to go wrong.

- Some might find this a high point to buy right now, and prefer a correction to the base support line.

- Will that correction lead to fear-selling? Who knows?

- Forget the short-term, instead, use this time to search for diversified companies that are cheap and start loading up on them!

Note to Forex

Your Stock Market and Eur/usd has started to decouple in the recent week. This is exactly the concept that we talk about as "seasonal co-relations". Many newbies come knocking on our doors, asking for a quick fix co-relation short-cut. There is no such thing.

You must be able to see the co-relations happen and when it ends!

See the full gallery on posterous

Posted via email from Forex Driving School!