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I second that.
Fwiw, other sources I truly trust (like invhope, maxtrader and some others) claim the same (! losses are unavoidable but you have security measures and conservative techniques to control their impact !) and they reach comparable or higher average percentages. It requires work... and a clever and sober mind... but it works.
So the best advise would be to learn yourself and put only part of your funds in the hands of another trader and/or program.
Take care,
Hasse
Since my last post several months ago asking how max was doing, I had started trading again using the Freedom FOREX system, which is not like the usual systems which I had tried over the past 6 years which cost thousands. One I tried was advertised all over TV in states and cost several thousand dollars, and these are typical charting and signal systems, all time consuming and boring research related.
Well, having been using what turns out to be the least costly of all systems I have used, I must say, I am impressed. It is not a get rich quick industry, so once you get past all the hype used promoting all the mainstream FOREX deals, you can really do well in the long term using Freedom-FOREX option.
July was killer month and I personally did 53% which was my best since April. Last month was only 28%, but I am using a conservative leverage and margin which system recommends, and I am pleases with results. No charts, no signals, no research, just follow the system, so this is a far cry from all the other time consuming lessons I learned from, but never made much money using, so before you commit to one of the main stream big dollar courses and systems, check out Freedom FOREX for FREE 15 day trail to evaluate a leverage or arbitrage like system and see for yourself.
If you have been considering FOREX, and who hasn't who has been involved with this and other similar forums over the years, beware of the BS big money claims, it doesn't happen that way when you factor in your lossed along with profits. Yes, some using Freedom-FOREX knocked down over 100% in July, but this was an unusual month, and in training, this was pointed out, so don't let someone dazzle you with the big dollar claims, 95% in FOREX lost money, and the other 5% are full timers, and this is the bottom line to know before you take the plunge.
Traditional FOREX trading will take a full time plus commitment, and this is after you get through the training side of systems. Since I believe in a diversified portfolio strategy, and work many programs online, I cannot afford to put 8 hours into FOREX alone, as most can't. Freedom-FOREX is the simple solution where I spend less than 10 minutes a day setting up exchange pairs, and I like this aspect the most about this system, it takes little to no knowledge, and very little time commitment. (g) And probably best of all, you can always find a fellow user who will share his information and answer all your questions, not keep it secret like all the others.
a friend of mine has also found a verry reliable system, this sytem provides him with 10-20% profit each month.
You can contact him through the blog where he has posted his results.
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