Go Forex Trade - Forex News, Tips & Reviews

Forex Boomerang - Retrieving Pips? 40K from $500

Posted by

recently I found a new product which could even turn a smaller forex account into a real winner.

Welcome the Forex Boomerang!

Many a forex trader has seen many different type of forex software systems out there. Most of them being scams and problematic in operation and product support.

The newer Boomerang trades the EUR/USD in a one hour chart. Claims that the programming team have noted, were taking a $500 account balance to 307K within a short period of time.

I backtested for a year and I made about 40K, but your experience may differ with the broker and account that you may have. Remember, results are never typical.

But to check out more on this revolutionary new software trading system, the Forex Boomerang right here!

Taking The Rest Of The Year Off From Blogging….

Posted by

Yes, I think there is a serious burnout issue happening, and my interest in this game might possibly be over with.

The last few months have seen a bothersome reduction in quality from my blogs and it is really starting to reflect elsewhere. I am going to take the rest of the year off from reporting and blogging, save for maybe a product promotion or two.

To my followers,
I am sorry that I had to come to this decision, but in all reality, I do not know if I can hold up this website at the current situ. I need to take a break, and maybe next year, have a better blog.

Thank you for your support.
Thomas Howell
GoForexTrade.com

Japan and Europe - lending up but everything else down

Posted by

Coming from the japanese news session, we can report that the Bank Lending from previous year has improved 3.2%. Quite shocking as compared to last year!

But unfortunately, what comes up, must come down. Current Account was marked down at 1.11 Trillion, which was down from the 1.16 forecast, and the M2 Money stock didn’t quite reach consortium as well either, hitting 1.7% instead of the prescribed 1.8%. The Economic Watchers Sentiment came out actually at 21, over 20.

In The US we will have some word from FOMC member kroszner, holding an unusual late night meeting.

Europe has some numbers from Sentix and investor confidence, German Industrial Product, and then two speeches from Europe Central Bank President Trichet.

England will release input and output product price indexes, and will have housing prices and retail sales on for the late night tea.

Charts and analysis coming later….

Trade On!

IRCFOREX.COM is a great place to chat!

Posted by

Back then, when I started out in forex community, I wanted to find a place where I could discuss with other forex traders, strategies, systems, and the social offtopic stuff. Almost 2 1/2 years ago, I was a regular undernet IRC regular and wanted to form #forex.

Well what do you know! We started a monster! I found a few great regulars and made friends with them, and started on a good thing here.

Eventually, I would give control of the chat room to Dave, and leave forex for a short while to pursue the real estate market. Dave and a couple of his fellow trader friends EXPLODED the rolls and created ircforex.com

These guys have taken the forex discussion and pushed it beyond what I could of ever imagined. They have different topic rooms from Expert Advisor programming, and Fx Prime methodologies, to a general Forex chat room, and a lounge for off topic goodies.

Check this chat out! It’s free, no obligation, and they don’t bite! They love Newbies!!!

Forex is Not For Idiots! Here is the Reality On Expert Advisors

Posted by

What is the deal with all of these fucking expert advisors showing up on the market? Seriously?

Yes, I do admit, I promote a few of these so called “automated trading systems” and yes, one is matter in fact a Revenue Sharing sponsor of this blog as we both know. I have checked out the Forex Detector, and I have no qualms about their software AT ALL! It is matter in fact one of the only true software systems I really like.

But in all of the grim reality here, is that these forex expert advisors are being marketed as not a crutch to current forex traders, but a system to those who want a work-at-home-business.

The problem here is, you are marketing a system that trades in a very insanely volatile market that could very well lose your money as well as gain it. And marketing these systems to those who don’t know the difference between a pip profit and drawdown is, or know any basics in forex whatsoever, is providing a great disservice to the Forex community at large, making a connotation that Forex is just an easy ATM to pull money out at our convenience. Sadly, this is not the case.

But what really turns me off, is the fact that people put full faith into certain systems, and really do not spend much time educating themselves. This is how people think forex is a scam and really puts a bad taste in our game. It is really unfair to us in the forex community, because you can make money with the right knowledge and still use an expert advisor, as long as you know how to understand it’s system.

Another problem here, is that some of these so called publisher’s are under a fake guise. A few forex products that are out there are actually using paid actors to create this bold publisher/personality, which really puts a low blow to forex as a whole. Someone who can just buy a .ex4 file from some starving college student, use some actor to push a product poses a few problems.

For One, the customer service is absolutely horrible. For someone who buys out of scriptlance, an .ex4 file, probably doesn’t know about developing one in the first place. The publisher will not know how to address problems with installation of software and any other issues that might be posed due to a lack of information.

Secondly, the installation instructions are not clear on some of these products. Therefore this comes back to the customer support line, which they do not have a clear procedure in handling installation procedures.

Thirdly, the publisher doesn’t care that the consumer is literally gambling THOUSANDS of dollars! Although the website is pasted from top to bottom with CFTC disclaimers, telling you that they are held completely harmless, and that Forex is a risk. That is not a thought that crosses in their minds.

I have messed with mql programming for a while, and from seeing different methodologies, it takes a while to come up with an overall profit strategy, with low drawdown, and high profit. It doesn’t happen overnight!

WHAT MY IDEAL EXPERT ADVISOR WOULD BE, IN A PERFECT WORLD!!!

1. An expert advisor that doesn’t push as a “WORK AT HOME BUSINESS, NO EXPERIENCE NEEDED!” Well, you can say no experience needed, but from what standpoint? I have been in the forex community for nearly 2 1/2 years now. And I know I am not the top drawer trader out there. It does help to know the terminology and how the market will reverse itself, and how to properly manage a trade through different trading scenarios.

2. An expert advisor with great instructions to properly install and operate. For the folks who publish expert advisors, You need to learn to write instructions, coming from an end user standpoint, not from what you can pull out of your ass in five minutes or less and throw it on a pdf or doc file.

3. Customer Service. Now this is a biggie! The core majority of customers will have questions to ask, either because the instructions are too complicated, or the customer base do not know what RTFM means. It is your job as a customer support professional, to help the customer and hand hold them until they are satisfied. Do not push some simple bullshit answer, because you cannot fully explain an installation procedure.

Ryan Matthieu, who runs customer support for Forex Funnel, Forex Tracer, and Forex Detector, understands this, and for those who are having installation problems, has listed a step by step instruction manual on how to properly install their software. No complex pictures, just simple english.

4. As the publisher, unless you have JV’ed with a forex savvy programmer and have a great support team that knows his programming, at least KNOW WHAT THE FUCK YOU ARE DOING!!! A lack of knowledge in your camp really makes the Forex Industry look like shit. It really does!!!

5. Yes, I know I am a prick and a perfectionist, but trust me, it helps more than hurts, especially when digesting information and telling you what is good and what is not. And on this blog article, I am not selling anything, no referral links to any product, I am just telling you straight up!

I love the money game, and I wouldn’t of said this if I didn’t give a fuck. For all of the friends, network connections that I have made and evolutionary processes that are in the works, I do this for them!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

How would the Forex Autopilot Turbo Stack Up To Forex Detector?

Posted by

If you know me by now, you tend to realize that I am a strong proponent to the Forex Detector Trading System. Recently, there was another Forex Product, called the Forex Autopilot Turbo that was released from the Makers of Forex Killer and the regular Forex Autopilot.

For all of those who are using either system, will notice a great difference between the two. For one, it seems like there is a massive hype campaign with the Forex Autopilot Turbo, and that the system has shot into success in the eyes of it’s publisher, which seems to be of a mysterious quantity.

The interesting thing here, is that Marcus Leary, is supposed spokesperson of this system, is not a real Mc Coy. Matter in fact, he is a paid actor from Live Face On Web. Just like Andreas Kirchberger from Forex Killer. FAKE PERSONALITIES!!!! WHOAH!!! Want Proof? Check out this page, and the pop out from the lower right. PROOF ENOUGH???

Dude, The Forex Detector is the real deal. Unlike the forementioned, which is just a couple of scripts from scriptlance, the folks who made the Forex Detector is a seriously balanced firm, which has a branding, a programming, and a customer service deparment, headed by Ryan Matthieu, who really knows what the fuck is going on with Forex.

Ryan has extensive experiences with the framework on programming, and knows analysis by indicators and complex index oscillators. Hell, I have even considered persuading him to do a couple posts on technical analysis here because he knows so much. Bummer is that he declined because of business obligations! :*(

But, if you want the knowledge, and the greatness of a solid forex product, check out the Forex Detector. From the newbie trader and all the way up to a pro level futures trading expert, everybody can appreciate the quality programming that makes the Forex Detector potentially one of the best expert advisors to be released in recent memory.

Check out the Forex Detector Today For the Special Price of $137. They also have a 60 day money back guarantee if you are not happy, but if you have questions, Ryan, and his team of support staff are ready to go up to bat to assist!

IT’S OFFICIAL!!! The United States is in a Recession!!!

Posted by

Ok, that was the headline that REUTERS used in explaining the US economic situation.

So the dow falls over 500, and all news from the US end of things resulted in the toilet, such as the Manufacturing Prices and Purchasing Manager Indexes. The Trinity of Speeches today, being held by “Uncle” Ben Bernanke, Hank, “the angry dwarf” Paulson, and some guy by the name of Fisher have all been a drone tone of uncertainty as the expected norm.

Uncle Ben has mentioned that another Rate cut is feasible, but I honestly think inevitable the way the banking industry is tanking. I will borrow a quote from a few fellow investment radio show hosts, and tell you “Bring your money to the smaller mom and pop banks at this point.” Smaller banks are more conservative with their money and never inflate a darn thing, so you can be sure your money is safe and secure.

In other news, Europe and England spelled a gloomy manufacturing index number, and retail sales in Germany are not looking so hot after a 1.6% decline.

England, on a good note, managed to keep Mortgage Approvals on an even keel! Amazing isn’t it?

Tonight we have a couple of major rate decisions to bank on in Australia and Japan. I am expecting a cut in these respective countries and both Central banks are having their days in the rain. Keep your eyes peeled on USDJPY and AUDUSD/AUDJPY as you will see some jumping around and a good breakout to profit the newstrader.

Charts and Graphs! Yes, we are going to discuss a couple of charts here, and

USDJPY: Currently showing a strong downtrend in the One hour chart, heading below a 95.45 resistance point and oscillating around 93.20, falling well below the 21 hour moving average. Due in part to the relatively bearish news of the US an their Manufacturing and grim shopping numbers from Black Friday. The ADX shows a strong 65 but is level, as is not heading anywhere as of right now. Keep your eyes peeled on news of the Interest Rates, and this shall dictate the direction of the USDJPY.

EURUSD: On the 30 minute charts, we are look at some oscillation in the 1.26/1.27 range, with the trend obviously heading downward from 1.2925 but starting to run sideways. The ADX is under 30, and has slightly warbled a few points here and there, showing no definite trend direction.

Trade On!

Tom Howell
GoForexTrade.com

P.S. remember, that a new product has came on the horizon for all of you EURUSD traders that want the efficiency of an automated trading system. Check out the Forex Detector, and how a lacking those sometimes off lagging indicators might do you some good!!!