Hi everyone. In my previous post about Forex Avenger I neglected to mention that a video will be released which will provide proof of trading and how much the trader makes. I checked by with the Forex Avenger website and noticed that the video is up, but for some weird reason it won’t play for me. I’m not sure what to make of this. Maybe they haven’t uploaded it yet, or something silly like that?
I did receive this e-mail from Mark McRae (the author’s mentor) which may explain things a bit better:
We finally got a copy of the video we were telling you
about. Mr X, as he has come to be known let us have a
copy of the video that was made about him.
Apparently the press has got a hold of this story
too.It all sounds a bit cloak and dagger We know, but we
also have another underground piece of information.
There is a secret video of Mr X trading a $50,000
account and proof of how much he makes.Now with a bit of luck, we will get that later today
or tomorrow. That’s the real evidence we need. You
can’t beat hard proof, and if what we think is on the
video, then this could be something very special.We think the reason so many traders have been
interested in this story is that:
a) He is making over 26% per month
b) He is one of the few traders who has a mechanical
system that works.
So I guess the video will be fully available later on today. I’ll drop on by the website a bit later too as I’m curious to see what one of Mark McRae’s progeny is capable of. Maybe I’ll be impressed.
To view the video checkout the Forex Avenger website at:
Related posts:
- Forex Avenger Has Been Released
- Forex Avenger
- Forex Avenger Clarification
- Forex Avenger Live Trade Videos
- ‘Strange’ Forex discovery revealed on video (pt 1)
October 27th, 2008 at 2:53 am
yeah, the vid didn’t play for me either- still gets me to asking though- if this is soo good- why wouldn’t he just make massive amounts of money over time in his own account and not have any fuss with having to deal with countless of people wanting his attention? i mean- will the extra money made available by other investors really make that much of a difference? once you can trade and make enough to not have to physically work anymore- what much else do you need?… maybe he wants the whole prestige of it all- i mean, it’s a lonely game and when one creates something that works- whose there to give you praise… maybe that’s just it.
October 27th, 2008 at 3:27 am
Yes I think for some it is a prestige thing. But overall my opinion is that they’d want to sell the product because they can make far more money that way, and in the sense it is “guaranteed” money, meaning that they won’t lose that to the market.
The system is probably just an average performing system, I dunno, but I can tell you that they will make a lot of money by selling it.
October 27th, 2008 at 9:13 am
yeah true that. i mean although to some, 26% per month is awesome, it still wouldn’t grow the account astromnomically quick and comes with the risk, where like you say, no risk income would be too attractive to pass up. i think things might be different if he was getting say 100% per month (which most people would believe impossible).
i can’t see someone sharing/selling that if the returns were that good (the compounding would be too quick to bother you’d think)- though greed might kick in and they could try to flog it anyway. bottom line- any drop kick can make money for a couple of months in a row- show me someone that does it for say 20+ months in a row(not necessarily every month), -then i’m listening.
thanks for the quick reply mate,
cheers,
j
October 27th, 2008 at 9:23 am
I’ll take 26% per month :)
Heck if I could achieve 100% per month I’d be a billionaire in no time. I don’t think anyone in their right mind would share a system that could produce 100% per month (even if it only does it say a few months out of the year)
Yes you’re quite right, consistency is the name of the game. We won’t know if this or any system shows consistent results until someone has tested it for a while. This is assuming we can’t (and should not) take the author’s word for it.
I don’t believe this product will deliver the moon, and don’t ever expect it from any commercial product. I do think that it may be an average performing system that could be good for beginners to the forex game.
We shall learn a bit more about it when the site gets fully launched. I’ll make a posting here when it does.
Happy trading mate…
Alan
October 27th, 2008 at 4:52 pm
The video is working now.
October 28th, 2008 at 3:53 am
yeah, watched it. funny vid really. “the first of his kind- a true financial forex trading genius”,
“he came from no where, he was immediately hailed as a genius with his new astonishing industry changing discovery” and my favourite “the establishment tried to keep him quiet- but he couldn’t be bought”… what a load of bull#@$%!!
man it made my day.
we’ll see how it goes over time. to me though, it seems like mark mcrae must not be that good at trading if he’s so excited about this thing. with all the products he’s sold over the last few years (and no doubt you get all the same emails)- really- he’s business is just selling stuff.
i now seriously believe he doesn’t make big money at all trading (if anything) maybe he “might” with this new thing-time will tell. i personally only trade the gbpjpy and after making several mistakes still did 45% last month (in the market at the open of day, target/stop set and left to it’s devices)this month -4%.
i’ve never been more profitable than when i went to just trading the daily candles. what time frame do you trade alan? and what pair/pairs? (just curious)
cheers,
j
October 28th, 2008 at 4:16 am
lool, yeah I’m not sure how good he is at trading, but I know for sure that part of his business is selling forex products. Yep, I’m on his mailing list too.
I trade daily too :) but mainly eur/usd
I played around with gbp/jpy in the beginning when I has a little less experience (yes I now realize this was a big mistake) and go burned by the wild pair that is gbp/jpy
October 28th, 2008 at 6:34 am
yeah- that’s why they call it “the dragon”. 260 pip stoploss is the key (sounds insane, but is needed for this pairing) as long as your gainers are close to this and a +80% strike rate (which is what i’m achieving now) (81% actually).
i actually played around with the eur/usd to start with- then moved onto the gbp/usd and finally finished and profited with the dragon.
it’s what your comfortable with at the end of the day.
All success to you in the future alan,
jay
October 28th, 2008 at 7:00 am
Having too tight a SL was one of my mistakes in dealing with “the dragon”
Yes, you’re right, at the end fo the day it’s what you’re comfortable with and what you know best. I believe that each pair has its own personality sort of speak and it does take a while to readjust to each one. That’s why I always recommend to newbie traders to focus on one pair only (something very liquid like eur/usd) until they get to know that pair intimaitely. Then and only then when they have “mastered” one pair they can move on to other pairs.
Thanks Jay. I too wish you success…many pips to you Sir!
And thanks for visiting my blog :)
Cheers,
Alan
October 28th, 2008 at 4:40 pm
[...] Forex traders. You may have glanced at my two previous posts (first one here and the other here) regarding the Forex Avenger trading system. I just quickly checked a few minutes ago and it looks [...]