Comments for Commodity Forex Online Trading

Comment on Automatic Alpha: How to Build a Winning FOREX Trading System by V. Racz

V. Racz — Sat, 23 Jan 2010 23:19:26 +0000

I bought this CD and I thought I will get some bang for the cash.

He builds a system that even optimized for ages didn’t make any profit. He even states this fact but I wonder what’s the point then? You can look up various forums where people are discussing working trading thoughts and share their code with you.

The CD mark is in black and white by an ancient printer on a questionable quality paper. If I could’ve seen it in the store I wouldn’t paid more than 99 cents.

The CD does teach you how to program indicators, but you can get much better tutorials on the net for free.
Rating: 2 / 5

Comment on Automatic Alpha: How to Build a Winning FOREX Trading System by J. Ramirez

J. Ramirez — Sat, 23 Jan 2010 22:48:06 +0000

This CD-Rom is a fantastic learning tool as it teaches you how to program a mechanical trading system using the Meta system. The only drawback is that you will have to learn its language so to speak. But then I personally delight in this type of learning along with developing a mechanical trading system. For me it was a excellent find.
Rating: 5 / 5

Comment on Forex Trading – news and analysis regarding the GB by Eric Hundin

Eric Hundin — Wed, 23 Dec 2009 15:47:59 +0000

I found your blog on MSN Search. Nice writing. I will check back to read more.

Eric Hundin

Comment on Getting Started in Forex Trading Strategies by Mark Twain

Mark Twain — Thu, 17 Dec 2009 01:28:52 +0000

I found this book to be the missing link in my trading. I’ve long been struggling to find a framework with which I could know and develop a complete trading strategy. The author does an exceptional job with the codex approach in both explaining his framework and providing an develop using his Goodman Swing trading system (in addition he also shares this system for those want to use it). The book also provides very excellent insight into all the components of a complete trading strategy, how they work together and why they must be complimentary, thus allowing the strategy to evolve or adapt. The author was very prompt in responding to my send by e-mail asking for some clarifications, and in fact provided me with more information than I questioned for. The book is well written and edited, there was very small that was not clearly clarified and very understandable. Thanks again to Mr. Archer and his editors for what I believe is one of the best books on trading system/strategy development available today.
Rating: 5 / 5

Comment on Getting Started in Forex Trading Strategies by U. J. Silvestrini

U. J. Silvestrini — Thu, 17 Dec 2009 01:12:33 +0000

This book is a must! If you are a trader with some experience, you’ll find many excellent habits that everyone must learn at the beginning…and not after loosing cash..

Practical to plot your trading activity, rich of emotional and cash management advises.

If you’re looking for the holy grail of trading systems, this in not the case, but if you reckon about being a full time trader, this is rich of excellent material to learn.
Rating: 5 / 5

Comment on Getting Started in Forex Trading Strategies by David Roberts

David Roberts — Thu, 17 Dec 2009 00:07:45 +0000

1) I do not think this is a good "Getting Started" book. I'd recommend the Dummies series as a first book. It's simple, to the point and much more organized. If this is the book you start with, you will end up more confused.

2) I honestly can say I do not think I picked up one piece of useful information from this. Granted this isn't the first book I read so maybe there's a point in there somewhere that someone might get... but not me.

3) Bad writing. I can see where there was potential in some things he wrote to be useful, but it just didn't come across that way. No offense meant to Archer. He is, after all an active TRADER (at least according to the back cover) and not a writer, but the writing makes it difficult to get through.

I only read this because my mom got it for me. I wouldn't have bought this book myself. Rating: 1 / 5

Comment on Getting Started in Forex Trading Strategies by Alwayslearning

Alwayslearning — Wed, 16 Dec 2009 23:58:46 +0000

Looking at the system only, rather than the psychological aspects of trading, I can't say I am impressed. The instructions on how to build a swing chart do not match the diagrams and are therefore confusing. The expanation on what to do if it is NOT a 50% retracement are very unclear to say the least. The book could have done with a thorough edit before publication. Much of the material is available on the authors website but the explanations are no clearer.

The author talks about how he is not a fan of technical indicators (one of the reasons I bought this book) and then goes on to talk about wave theory as a type of technical indicator! Patterns (for me) are way too subjective to use in trading and this is really all about pattern recognition.

Where are the examples of trading that failed (way more instructive than pattern success)? Where are the 'difficult' patterns to call and the mistakes made?

The author recommends using high leverage with 'beer accounts' like $500 which is a sure fire way to blow the account. He recommends that you use 10:1 leverage with this size of account and 5:1 leverage with $10000 account. These levels willl blow the account sooner or later particularly with his stop loss 'strategy' of tight stops based around risk ratio.

The trader psychology part is fine but can be found in many other trader books but I give it two stars because of this.
Rating: 2 / 5

Comment on Getting Started in Forex Trading Strategies by ForexGuy

ForexGuy — Wed, 16 Dec 2009 21:34:08 +0000

The "meat" of the book is a system that uses "waves" to determine buy/sell points, the rest is just 99% filler. The author does not explain much, one or two pages and absolutely no clear examples. There are absolutely no charts with clear buy here/stop here/take your profit here/ signals. After reading the book you are left wondering what to do next.

And of course ZERO backtest ! Oh no, those forex authors have never heard of testing software like Trade Station or Metatrader ! It's always the same story with these guys : Here is my little unproven, untested trading system, hand me your money for the book and bye bye !!

I give this book 2 stars only because the system may have some merit. Still, it is one of these books you want to quickly forget after you read it. Rating: 2 / 5

Comment on SFO Personal Investor Series: Forex Trading by Midwest Book Review

Midwest Book Review — Tue, 15 Dec 2009 18:39:16 +0000

Once an avenue for only the elite, Forex has come to be available to any enterprising trader. “Forex Trading” is a part of the Personal Investor Series, focusing on the currency trading market that thousands around the world take part in to make their fortunes. Trading currency is a matter of foresight and striking before the iron is hot. “Forex Trading” is a fine and recommended read for any looking to get into the investment game.
Rating: 5 / 5

Comment on Getting Started in Forex Trading Strategies by Mark Twain

Mark Twain — Tue, 15 Dec 2009 02:06:09 +0000