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Posted by AmazingAccuracy Dot Com on June 12, 2007, 2:31 pm
In my latest FDates Market Forecasting Newsletter, you can get access to the
latest valuable information about this market.
And the best part is that the FDates Market Forecasting Newsletter is FREE.
Click on link below.
http://www.amazingaccuracy.com/subscribe.html
Cheers!
Rick J Ratchford
ProfitMax Trading Inc.
http://www.amazingaccuracy.com
"Know Today the Market Turns of Tomorrow!"
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Posted by UMT on June 12, 2007, 4:27 pm
New Traders: "Analysts And You"
If a stock broker called you up and said: "Hey, this stock is hot and
you need to buy some" and you asked the broker: "Cool, how much did
you buy?" and he said: "Me? I didn't buy any!" What would you be
thinking at this point? Why would you take financial advice from
somebody like this?
Well, the Futures business is no different, and maybe even a bit more
shady than the Stock business. If you took 100 commodity 'analysts'
that come on this forum, I would be willing to bet that 100 don't
profitably trade themselves. Why not? Oh, they've tried and
failed. They know that the 'method' that they are selling doesn't
work well enough for them to trade as they've tried and failed with
it. Do you really think if it worked, they would be selling it to
you? If they actually traded it and had a documented track record,
they could sell it for big bucks to big corporations. They surely
wouldn't need or even bother with your money.
These 'analysts' like to hint around that they are profitable
traders. They like to hint around that if you take their course,
newsletter, etc. etc. that you will be profitable too. But here is
the bottom line and the questions you need to ask:
1) Do you profitably trade the same method you sell to the public?
2) Are you net profitable for the last year?
3) Do you have a real time/real money track record that I can see?
Now, if you want to see some scam artists dance, ask these questions
and you will get EVERY answer in the book EXCEPT a straight yes/no to
the above questions. And by the way, "HYPOTHETICAL" trades don't
count. (If you don't know the meaning of the word, don't do anything
until you find out.)
Friends, do yourselves a favor and investigate any vendor that you
think you might want to do business with thoroughly. Visit the
exchanges and get study information direct from Industry Professionals
for free. And lastly, make sure you ask the above questions and if
you get a unqualified "YES" to all three, make sure you post it on
this forum as I want to study this 'method' also.
Until then, just remember: REAL TRADERS Don't Vend ! (They don't do
MLM/HYIP scams either!)
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