Is this brand new forex trading concept works ? see URL http://www.cocoonz.net/track/g...

See URL http://www.cocoonz.net/track/go.php?c=yh... for program detail. Many have traded sucessfully using this concept. I am just skeptical here as how can one trading forex without looking at charts and research. Has anyone used it before?

Is this brand new forex trading concept works ? see URL http://www.cocoonz.net/track/g...
Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY %26amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours %26amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency %26amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
Reply:Forex trading requires alot of time in daily research watching the charts learning about the economies of the currencies that you want to trade in seeking out possible events that can create your chosen currency to move in a certain direction and more. I know this as I am the manager of an investment club and commit 15 hours a day waiting and watching for the proper time to trade. By doing so the club I am with earns an average of 5.3% monthly which is a good return. It is not as much as the companies that claim 300% but you know I don't see how they can earn that much with out a crystal ball whereby they can see into the future to buy or sell a pair at the time that it is going to explode through the charts. OK Now back to being serious if you want to learn again join a club if you are interested write to me at billone44@hotmail.com
Reply:I haven't and wouldn't.





Forex trading is risky. If you read the fine print on this site AND TAKE IT TO HEART: "Currency trading involves risk and is not suitable for all investors. Leveraging 400:1 involves more risk than 100:1 or 200:1 All FOREX investing involves risk and investors should never invest more then they can afford to lose."





Leveraging 400:1 on Forex is, to be more blunt, gambling. Risky stupid gambling. Not investing.





The people selling this stuff will undoubtedly make far more money selling it than the average person using it.





What's particularly troubling is the MLM-type approach (the "affliates" part). That's a sure sign that the bucks are not in following the program, the bucks are in selling the program.