The Forex Noob

I briefly covered The 60:30:10 Principle a few posts back, I admit I downloaded the info but have yet to read it. I will this evening.

Jason Fielder is the guy and I just watched a vid of his on stealing pips. I also have one of his indicators on many of my charts just to see what it’s all about. I may like this guy. His system is hte Triad Trading formula. As far as I can see it’s not for sale…yet. I am getting many emails form him and from the FAPTurbo folks so I suspect a product launch soon.

Take a look at this vid and let me know what you think. I don’t know if this is a common strategy but it makes since to me. Here’s a link to his blog home page.

The more resaerch I do the more I realize I have to learn.

Thanks for your time,
The Forex Noob

I quickly installed FAPTurbo on my live account and before I had loaded it on all four pairs it was trading! MegaDroid is still in waiting mode.

I did receive the email where a Droid update is on the way, promised yesterday or today, but it looks like a bunch of chewing gum in the dike to me. We’ll see.

We have seen a number of interesting comments on FAPTurbo and Forex MegaDroid lately. I thought it would be good to bring them to light here to make it easier for everyone to see some other traders experiences and questions.

Erica had an excellent question about Forex MegaDroid, “I would like to know exactly what broker the guy at MegaDroid are using.”

None of the traders that I have corresponded with have experienced anything near the results the Forex MegaDroid guys are professing. Wound the broker make a large enough difference to cause htese discrepancies? I doubt it but I could be wrong.

Erica also has issues with FAPTurbo working as advertised on a number of different accounts, including ForexMeta, the forex broker both FAPTurbo and Forex MegaDroid hype the most.

Jerry’s experience with Forex MegaDroid is not much better. “I purchased Forex MegaDroid this week and have not seen a trade yet.” His MegaDoird Customer Service rating is even lower than I give them.

As for Jerry running FAPTurbo he shares an experience with many of us, “It’s amazing how fast it can LOSE money.”

Ben echos our questions about what Forex MegaDroid is waiting for, “Maybe someone knows the answer to following: (I cannot find excact information about this)

On their site MEGADROID is “shouting” that they fool all the brokers and that they are trading 24 hours a day.
But ………the whole day what I only see on the left site on my screen is “waiting”.

These are a few recent comments and at least in this end of the forex pool we are all experiancing much the same things:

1 – Poor Customer Service

2 – Results that are marketed are very different than results experienced in demo and live accounts

3 – A lack of information from reliable sources (Why is the Droid always waiting, Why no trades from FAPTurbo, What broker are your tests with, etc)

I didn’t expect a get rich over night product. I did expect products that worked as advertised and information on how to best optimize each. I have yet to find either.

To be fair….who has gone to the FAPTurbo forum? Has anyone taken advantage of the FAPTurbo mentoring sessions. I have not but will.

Thanks for your time,
The Forex Noob

OMG, can you believe the stuff that fills your in box. The latest is for the The 60:30:10 Principle coming from FAPTurbo.

My profession is Marketing and Advertising so I appreciate people spreading the word but when a company neglects one area of business for others there’s a problem.

All business people recognize that retaining a customer is far less expensive than gaining new customers. This is even more important in today’s instand communication society. So why does FAPTurbo, and others, send marketing emails for other products while their customer service is in need of an upgrade?

Don’t say to make more money, that is of course their objective, but they have customers who have paid for their product waiting for answers. Some even write of their unhappy situation. ANd why can’t we get answers about why we are not realizing the trade success they experienced?

I do admit that I have yet to go on the FAPTurbo forum. Perhaps my answers are there but I have run a few forums and understand the ease of spreading what ever info you want. I’m skeptical of info I receive on forums, blogs, and the internet.

Sorry for the rant. I’ll get back on target soon. And I’ll look into this The 60:30:10 Principle. I have downloaded the whitepaper and will look at the other info later today.

Thanks for your time,
The Forex Noob

In one of the FAPTurbo marketing emails they promised that for those who buy FAPTurbo they’ll send this great newsletter from a hot shot in stocks. Here’s part of the email:

There is another way we make a huge
amount of money… And until now We’ve
kept it a secret.

This is a service which competes directly
with our own  FapTurbo. And it is something
which We use to earn roughly 40% of
my total income.

(this is dynamite!).

But We thought why compete when We could
offer you (our list) the chance to use this
service too.

And it won’t cost you a single dime.

Here’s How…

Seven months ago We where introduced to
a man called Ernest Miller.

He was one of Wall Street’s most succ-
essful traders in the 90’s and up until
2007.

But recently the hedge fund he worked
for, went bankrupt. And so he decided
to strike out on his own and created a
new exciting service.

Around 8 weeks ago, Mike this guy in
New York and he told him all about his
new business.

It’s quite remarkable!

For $75,000 per month, this guy sends
out stock picks to just an elite few who
can afford his advice.

The 20 or so clients he has, consist of
well known bankers, and CEO’s.

After being impressed by his “pitch”
We too became one of his few clients.

And every two weeks or so, a FedEx
letter shows up at our company.

This letter comprises of a short note
from him (usually one or two pages
long) and it tells us all about his
latest stock pick.

Included at the top of this letter is
the ticker symbol, for the stock he
believes is about to rocket.

So far, over the last 8 weeks, every
one of his stock picks he sent us has
returned more than 100%.

We’ve been able to personally make
$40,000 doing nothing more than
signing for a FedEx letter… Then
hurriedly running to my computer
and investing online.

And usually We buy and sell these
stocks within around 4 days. So
We make a profit on each pick, well
before the next is sent.

Here’s where it gets interesting…

Last week we told him We had an email
list of over 100,000 smart investors,
making bucket-loads of cash in
forex.

(you guys!)

I asked him if there was any way We
could let you profit from these stock
picks too.

He thought long and hard about this…

And here’s what he came up with:

He decided he can send all of you
guys his stock picks… On a “Pay on
Results” basis.

Over the next 3 or 4 months you’re
going to receive the same stock
picks he charges $75,000 per
month for.

I have yet to hear a thing.  What’s the deal John and Albert? Not that I want to be sucked into some obligation to pay anyone this kind of money on the assumption that I made a profit on their stock advice.