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Freedom Rocks: Forex Hedging

Mike QC · 292 · 58272

Ping

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Reply #285 on: Feb 01, 2007, 08:30 PM
I remember MarkSo offering some free slots for his forex training before.  Any chance he'll give new slots?   :thumbsup2



gr8collector

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Reply #286 on: Feb 01, 2007, 10:55 PM
free slots sound great!!!

Hi Mike,
what parameters are you trading with?  (margin%, amount, pairs)

goodluck.  ill be in by monday or tuesday at the latest.


Mike QC

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Reply #287 on: Feb 01, 2007, 11:29 PM
Quote from: Ping
I remember MarkSo offering some free slots for his forex training before.  Any chance he'll give new slots?

Yes those were just his promo slots for 5 PMT members and that's only the one day crash course called "Fortune Forex".  Now he can just give a special discount for PMT members.  It's really great to learn traditional forex trading as well.  Just pm or email me if you're interested.

Quote from: gr8collector
Hi Mike,
what parameters are you trading with?  (margin%, amount, pairs)

goodluck.  ill be in by monday or tuesday at the latest.

I'm starting conservative with only 10% margin, 3 pairs (eur/usd, gbp/usd & usd/chf), 400:1.  Amount: $5,000 and I'll make it $10,000 on March 1st.  I'll go after the huge daily swaps plus the  limit orders which is very lucrative in the long run..... on top of the buy low sell high which we will definitely be doing each time a certain target is reached.  Take note that these 3 pairs is the favorite of FR's founder, "Mark Vincellete" and that's what he's been using mostly, according to Carole Noxon.  Most FR veterans like that combination because the EUR/USD, USD/CHF has traditionally been more stable and the GBP/USD adds some volatility.  

Good luck too and I'm looking forward to welcome you in our team!  :)


4x

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Reply #288 on: Feb 02, 2007, 12:22 AM
Quote from: MikeQC
Hi 4x, the video will just confuse you and doesn't tell you much.  You really have to try out the software so you will know exactly how it works.  FR's portfolio allocator will tell you the exact # of lots to buy and you just sell when you finally hit your target which comes very often depending on your choice of pairs. There are no traders that will tell you that. You will perform the calculations yourself using the FR software.  Actually Markso and I discussed about creating such software but he said it will take not only a very good seasoned trader to do it, but a very skilled mathematician as well.  If you know of such genius person then let him contact us so we can talk and that's the best thing that will ever happen to us..... bye bye to FR's/FFS' subscriptions fees.  For the meantime, why don't you try the software yourself and I can give you access to that. Or perhaps you can meet Markso or myself in his forex school so we can talk further as you seem a very nice guy and well experienced in forex trading.  And yes this is a special invitation.      

Btw, I finally graduated last week so now I know the big difference of traditional forex trading and the FR/FFS system. It's also great and I'm really proud to learn the traditional approach with all those very effective strategies & indicators...breakout, rangebound, fibonacci, MVA, stochastic, bolinger bands, RSI, Parabolic SAR, and so many many more to mention.  But this doesn't mean that I'll be stuck in either FR/FFS or traditional approach. Of course I'll always go for where I'll be laughing all the way to the bank.


Thank you MikeQC for your offer, I think I admit that the FR strategy is better than mine. I'd like to get the details on it by trying it, if you may on your account. Sorry, that I can't come to Markso's place for now because I'm located in Misamis Oriental.  :rant: But someday if I am in Manila, I'd definitely want to visit you and Markso's school. BTW, congratulations on your schooling in Forex and your realization in Forex trading!

I have one advise on your trading, Forex trading is so stressful. Take time to limit yourself on site and go out do other things.

4x


Mike QC

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Reply #289 on: Feb 02, 2007, 02:53 AM
Quote from: 4x
I have one advise on your trading, Forex trading is so stressful. Take time to limit yourself on site and go out do other things.

4x

Thanks for that very kind advice. Yes I totally agree forex trading is indeed very stressful and I got a lot of headaches learning it but I'll admit we also had so much fun.  I did like learning and reading the charts & indicators too as we never need to do it in Freedom Rocks.  

Quote from: 4x
I think I admit that the FR strategy is better than mine.

All I can say is I find it safer and more effective than traditional forex trading but don't get me wrong, it's also good to learn traditional as well.  That gives more options than just relying on FR.
:)  


buddy

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Reply #290 on: Feb 02, 2007, 03:44 AM
Yes, I was a member and I demoed it for 1 month.
Went live after that and tried the system for 6 months.
Is it working? Yes! Is it worth it? Yes!
Is it long term? Maybe. Did I earn money? Yes

I deposited $5000 and doubled it in 1 1/2 months and
I was so happy like you guys as if I found the holly grail.

Months passed by, markets changed and became more chaotic.
I had a $7000 drawdown from my $10,000 account. Well, I said
too far from margin call but I stick with the system and luckily
the market trend again in my favor. So I said, Yes, yes, yes this it.
But the next morning it trend again in the opposite direction and I
was so tired because of lack of sleep. I dunno but I could not sleep
at that time due to worries I would hit the margin call.

After a couple of months, my account became $12,000 and
I said to myself, I am done with FR. Well, that's about it.

FR is good if you can handle the drawdown. Me, I cant so I step out.
I want something that is consistent with low drawdown so I can sleep at night.  :zzz:


@Wynn, so far mas ok ata yung IBFX, yung 1WF minsan hindi stable yung connection

@buddy, hey there welcome sa PMT! Anyway you mentioned, that you're not with FR anymore, so does that mean that you subscribed to FR before?

@4x, medyo simple nga yung strategy...


nailbiter

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Reply #291 on: Feb 02, 2007, 02:46 PM
Thread locked for reaching 20 pages. New thread here.


 


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