Cashback Forex Review

Posted on February 6, 2012 by Hank (Admin) Leave a comment

I’ve been with Cashback forex (CBF) for just over 2 years. I have about 15 referals who have opened numerous accounts and my account with CBF is doing well (although I’m not a millionaire yet!).

The reason for this post is to inform you of CBF and if you are not already signed up you must get signed up, it really is a 1st class earner. In a moment I will show you how much I have earned  but first a little about how easy it is to get started earning cashback on all your trades (win or lose) and how referrals work.

Getting Started
As long as you are used to surfing the web and know how to use a mouse I don’t think signing up to cashback forex is going to be difficult.

You will need to open an account first. They have a functional management area where you can manage your specifics. The areas of most interest are going to be your Account Balance/Account Overview where you get a glance of your earnings and payouts and your referrals page that will show others you have introduced to the program.

Referrals are important if/when you can get them. CBF has a three tier referral program that allows you to benefit from those referrals that also introduce newcomers. You will receive a small income from all these people. Specifics are on their website.

My Account
So how much have I made so far? Take a look:

Now I don’t think that’s too bad. I’ve had little success with any other program and hopeful you will benefit from their system too.

Finishing Up
Cashback Forex has been very helpful and I consider them to be a very professional organisation and their support is next to none. I hope you consider paying them a visit you won’t be let down and, what a great way  to get some of your money back from the bankers and brokers.

Finance ,

A traders lookout – A tale of two woes

Posted on December 27, 2011 by Hank (Admin) Leave a comment

I’ve now been trading live since Jan 2009.

As many of you may already know, I started trading forex with FAP Turbo. I have been successful with this bot and even today this robot is still a performer.

I’ve had some ups and downs and have learnt much about the inner works of the forex market. I have become very cynical on this journey, but I see this as a necessity, a shell or cloak that every trader needs to wear to navigate through the chicanery of the forex industry.

This post is really for those that have been there and done that, because you may appreciate this meandering entry and maybe see some value in it.

Take it like a man

The greatest issue many new and existing traders have is the fear of a loss. It is inevitable that you are going to have losses and this is something you really need to get comfortable with, and I mean you really need to be at ease with this. Balance is needed just as it is in every area of our lives. If you are to win you must also lose, where there is left there is right. You cannot over indulge in anything without there being consequences, so balance is needed.

To be a truly great trader you need to be able to disassociate yourself from the notion you are trading money. We all have emotional baggage associated with money and it makes us make silly judgements when assessing our trades. This is not easy to do but you will want to think about it. It is far simpler for a professional trader to do this because they are often not trading there own capital.

Take your time

The quickest way to lose your hand is to risk too much too quickly. What I mean by this is placing too much emphasis on making your daily bread on a daily basis. It takes months to build capital. If you place a trade and you can’t sleep at night you are risking too much. Reduce your volume until you don’t care.

I am still trading micro lots. If I was to increase my risk by 100% I would be making thousands every year from my trades, but I’m not emotionally and psychologically ready to play with those sums of money. What I make now, would simply not translate (extrapolate) well because of my fear of money. I realise this and my trading is better for it. When ready, I will increase my risk and my cash flow will improve. If I rush this process I will burn out and my forex journey will come to an end.

Progress

At the end of the day, you can head this advice. However, most will not and many will lose their shirt. I’m no exception (although I never lost my shirt). We need to find these things out ourselves. Many will jump right back in and learn from their mistakes and many will give up and express their defeat by blaming everyone else but themselves, many will not. I suggest if you are the type that need to figure it out yourself just don’t blow your whole pot. Understand if you are new to trading you have many years to make money at it, you don’t need to make it all by next week. If you answer “yes I do” to the last sentence then you shouldn’t be trading FULL STOP. You may very well destroy yourself – it is almost a certainty.

Forex, Wisdom

A Nice Setup

Posted on September 4, 2011 by Hank (Admin) Leave a comment

Learn to trade this great setup

Last week I learnt this strategy implemented by Loz Lawn – one of a number of free videos he presents. Technically it’s a nice simple setup. It will help you if you know about the markets as you will be better tuned in to take the good trades and leave the poor ones. This is something you can only learn by studying the charts for a while (years).

The picture above is the 4 hour EURGBP setup from last week. The video shows Loz demonstrating the strategy on a 1 hour chart but I’m happier with the 4 hour for which it was designed.

If you like this strategyI can post another, let me know. Or you can grab the free strategies with in depth analysis by entering a few details here.

If you haven’t already set yourself up with forex cashback.

Daily Trading System, Forex, Loz Lawn, Trading ,

FAP Turbo 54 Released

Posted on August 27, 2011 by Hank (Admin) Leave a comment

Hi all, as you can see from the title FAP Turbo 54 has just been released.

As you may know we are continually improving and developing FAPTurbo behind the scenes to make our flagship product increasingly better, more profitable, and up-to-date with modern market conditions. We listen to your suggestions and try to implement most of them!

Our Renewed Commitment to You!

Fapturbo has been going strong for a long time now and we wanted to let you know that we keep working and developing so you can get the most out of your membership! (FREE of any future charges with your lifetime membership!)

Our trading community has grown to over 85,000 happy members and we want to make sure each one of you is on the perfect track for raking in tons of profits in the forex market. In these troubled times, when the forex niche is overrun by worthless crappy products, we want to take a stand.

We believe in true customer care and we know we can milk the forex markets together for our mutual benefit. We work as a team and we want to include you in the process.

Forex is wonderfully profitable with a relatively small learning curve (thanks to automated trading robots, such as Fapturbo) and once you’ve gotten the hang of it, you will be glad you took the time and effort to understand what forex is all about.

But enough talk… it’s time for the facts!

It is our pleasure to announce our latest development in the FAPTurbo phenomenon!

It’s been secretly generating amazing profits; however, we wanted to make sure to iron out every glitch and issue before releasing our baby to you.

Introducing *drumroll* —> Fapturbo version 54!

What is new with FAPT54? Why the buzz??

Meet the FAPT NEW settings! Finally after 1 year of testing and tweaking we are extremely pleased to introduce the new settings to the Fapturbo scalping system. They were developed by our pro trader, Tony, who is also responsible for developing great settings for Fapturbo Ichimoku, which is already very profitable!

It works really well on both back tests and forward tests! The results are on the site.

One of the demo accounts with Ichimoku:
http://forexealab.com/statements/fapturbo_ichimoku_safe/e398f7c27c/statement.htm

What is the difference between Fapturbo 54 and Fapturbo -Ichimoku?

Fapturbo -Ichimoku is a bonus that is a part of the package. It uses the powerful Ichimoku filter for the scalping strategy. Fapturbo 54 uses the original algorithm with the new settings and no Ichimoku filter.

Both robots are very powerful and can be used in combination!

If you are an active Fapturbo Member, you are entitled to a free update and can download fapturbo54 in the members area!

Well that just sounds hunky dory!

I’ll be installing the new version on my server today. If you have any questions, I should be able to help. After all, I have been trading FAPT for about 3 years now. Damn that’s a long time!

FAP Turbo , ,

FAP Turbo 54

Posted on August 19, 2011 by Hank (Admin) Leave a comment

FAPT News:

Fapturbo 54 is under final stage of development – we’ll release it in the end of August with great new settings!!

The latest version of FAP Turbo is to be released at the end of the month.

Looking for FAP Turbo Settings
Looking for Best Forex Rebates

Cashback Forex, FAP Turbo, settings

EURUSD vs Dow Jones

Posted on August 12, 2011 by Hank (Admin) Leave a comment

Hey punters, I mean investors!

For the past few weeks I’ve been listening to the Day Trade Show (live stock market commentary – during US trading session). I mention the Day Trade Show because Don Harrold’s (Host of the Day Trade Show) market analysis is very good, funny and free. By listening to his show I get to keep an ear open on stock related news such as Dow Jones, S&P and individual stocks while managing my forex portfolio. Very useful combination.

The fact I’m based in Europe means it’s difficult for me to trade Don’s picks but I’ve notice that there has been a correlation between the EURUSD (to name my favourite trading pair) and the Dow Jones index. What I’ve noticed is that when the Dow Jones moves up the EURUSD moves up and vice versa. This is not always the case I’m sure, but something that has just come to my attention.

My understanding of the system has me believing that when the Dow Jones goes up investors and pouring money into the United States and hence the currency will go up. The opposite should also be true. If the Dow Jones sinks then the USD should decline. This is not what we have seen over the past few weeks.

Now, what I don’t understand is that, with the Dow Jones tanking over the last week or so, why on earth is the EURUSD (and maybe other EUR crosses) in lock-step. From a Dim Wits (Me) point of view does this mean people are not investing in either the US or the EUR, because up until recently if the EUR crashes the USD sky rockets and vice versa. Are we seeing a case where institutional investors/bankers are no longer interested in either currency!

Whatever the case may be, the Day Trade Show commentary has allowed me to focus my attention in a fast moving and unpredictable market environment.

Please post your opinion – I would be interested to hear it.

Daily Trading System, Finance, Wisdom

FAP Turbo Ichimoku

Posted on July 22, 2011 by Hank (Admin) Leave a comment

VIDEO REMOVED – IT WAS TOO CHOPPY AND THE GUY’s VOICE OVER WAS SO IRRITATING!

The video introduces us to a new version of FAP Turbo (FAPT) – FAP Turbo Ichimoku. Exciting stuff! It has not replaced the original version of FAPT but is a standalone version in itself. You will need to purchase the original version of FAPT to have access to this members only update.

FAP Turbo Ichimoku uses the Ichimoku indicator as part of its overall strategy and boasts smaller stop losses (at last!).

You may already have come across the Ichimoku indicator in your MT4/MT5 indicator folder. A few weeks back I posted a video where Loz Lawn uses the Ichimoku cloud to determine entries. This has now been implemented into the FAP Turbo EA.

Anyway check out the vid. I will get stuck into this version and see how it does. FAP Turbo has really been needing this update. Let’s see where it takes us.

FAP Turbo, Forex, Trading

Forex Growth Bot Review

Posted on July 6, 2011 by Hank (Admin) Leave a comment

Finally I’ve managed to get around to writing this short review for Forex Growth Bot (FGB).

I’ve been trading with this EA for some months now and it has become one of my favourite EA’s. It has performed well. The support team are diligent even though I think some of their updates have been too fast and furious. However, they are keeping their project up to date and offer a bunch of services and extras with their forex robot.

Robot Details and License Specifics I think Are Important

  • One license per broker account
  • Recommended to trade only the EURUSD
  • The EA appears to use a breakout strategy.

On on…

Before I continue it is worth saying that I have been using their standard robot and I have kept it up to date throughout.

First off lets take a look at all my trades (Start of April to End of June 2011):

01/04/11 14:45 sell 0.01 eurusd -2.76
01/04/11 15:00 sell 0.01 eurusd -2.13
01/04/11 15:15 sell 0.01 eurusd -2.01
01/04/11 15:46 sell 0.01 eurusd -2.73
01/04/11 16:45 buy 0.02 eurusd 11.66
01/04/11 17:00 buy 0.01 eurusd 5.28
01/04/11 17:15 buy 0.01 eurusd 3.71
01/04/11 17:30 buy 0.01 eurusd 3.82
01/04/11 17:45 buy 0.01 eurusd 2.16
06/04/11 17:00 buy 0.01 eurusd -1.32
07/04/11 16:30 buy 0.01 eurusd -1.5
08/04/11 03:45 buy 0.01 eurusd 3.35
08/04/11 04:00 buy 0.01 eurusd 2
08/04/11 04:15 buy 0.01 eurusd 0.24
08/04/11 15:15 sell 0.02 eurusd -6.32
08/04/11 22:30 buy 0.01 eurusd -0.57
11/04/11 00:00 buy 0.01 eurusd 0.08
11/04/11 00:15 sell 0.01 eurusd 0.14
14/04/11 12:00 sell 0.01 eurusd -1.83
14/04/11 12:15 sell 0.01 eurusd -2.56
14/04/11 12:30 sell 0.01 eurusd -1.62
14/04/11 12:45 sell 0.01 eurusd -1.98
15/04/11 14:45 sell 0.01 eurusd -2.13
18/04/11 17:00 sell 0.01 eurusd -3.1
20/04/11 11:00 buy 0.01 eurusd 4.92
20/04/11 11:15 buy 0.01 eurusd 5.36
20/04/11 11:30 buy 0.01 eurusd 1.34
20/04/11 11:45 buy 0.01 eurusd 0.92
21/04/11 05:30 buy 0.01 eurusd -0.39
25/04/11 02:00 buy 0.01 eurusd -1.31
25/04/11 02:15 buy 0.01 eurusd -1.45
25/04/11 04:00 sell 0.01 eurusd -1.43
25/04/11 04:15 sell 0.01 eurusd -2.2
25/04/11 04:30 sell 0.01 eurusd -0.25
26/04/11 09:45 buy 0.01 eurusd 4.9
27/04/11 19:45 buy 0.01 eurusd 2.47
27/04/11 21:45 buy 0.01 eurusd 0.17
27/04/11 22:00 buy 0.01 eurusd 4.59
28/04/11 05:00 buy 0.01 eurusd -2.91 14.61

04/05/11 09:45 buy 0.01 eurusd -1.44
04/05/11 15:15 buy 0.01 eurusd -3.04
05/05/11 12:15 sell 0.01 eurusd 15.79
05/05/11 15:00 sell 0.01 eurusd 7.15
05/05/11 15:15 sell 0.01 eurusd 6.1
05/05/11 15:30 sell 0.01 eurusd 5.65
05/05/11 15:45 sell 0.01 eurusd 2.65
05/05/11 17:00 sell 0.01 eurusd 0.78
06/05/11 18:45 sell 0.01 eurusd -2.81
09/05/11 15:15 sell 0.01 eurusd -2.79
09/05/11 15:30 sell 0.01 eurusd -1.3
10/05/11 09:45 buy 0.01 eurusd -2.09
11/05/11 18:30 sell 0.01 eurusd 2.78
11/05/11 18:45 sell 0.01 eurusd 3.89
11/05/11 19:00 sell 0.01 eurusd 5.2
12/05/11 12:15 sell 0.01 eurusd -0.4
13/05/11 10:15 buy 0.01 eurusd -2.34
13/05/11 10:30 buy 0.01 eurusd -2.04
13/05/11 18:00 sell 0.01 eurusd -1.58
13/05/11 18:15 sell 0.01 eurusd -0.44
13/05/11 18:30 sell 0.01 eurusd -3.18
16/05/11 16:15 buy 0.01 eurusd -2.51
20/05/11 12:15 sell 0.01 eurusd 4.63
20/05/11 13:00 sell 0.01 eurusd 1.4
20/05/11 13:45 sell 0.01 eurusd -1.78
20/05/11 16:15 sell 0.01 eurusd -3.29
20/05/11 16:30 sell 0.01 eurusd -2.69
20/05/11 16:45 sell 0.01 eurusd -3.13
20/05/11 17:00 sell 0.01 eurusd -2.52
26/05/11 03:15 buy 0.01 eurusd -2.13
26/05/11 17:00 sell 0.01 eurusd 1.13
26/05/11 17:03 sell 0.01 eurusd -3.02
27/05/11 05:45 buy 0.01 eurusd -3.53
27/05/11 06:00 buy 0.01 eurusd -3.36
31/05/11 01:15 buy 0.01 eurusd 3.85
31/05/11 01:30 buy 0.01 eurusd 2.65
31/05/11 01:45 buy 0.01 eurusd 2.95
31/05/11 03:15 buy 0.01 eurusd 0.9 16.09

02/06/11 12:15 buy 0.01 eurusd -2.25
02/06/11 12:30 buy 0.01 eurusd -2.3
03/06/11 16:00 buy 0.01 eurusd 2.8
03/06/11 16:15 buy 0.01 eurusd 2.54
03/06/11 16:30 buy 0.01 eurusd 1.77
03/06/11 18:45 buy 0.01 eurusd 0.38
09/06/11 15:00 sell 0.01 eurusd 3.13
09/06/11 15:15 sell 0.01 eurusd 2.92
09/06/11 15:30 sell 0.01 eurusd -3.38
09/06/11 15:45 sell 0.01 eurusd -2.36
09/06/11 16:00 sell 0.01 eurusd -1.58
10/06/11 16:45 sell 0.01 eurusd 0.1
13/06/11 17:01 sell 0.01 eurusd 0.12
13/06/11 17:02 sell 0.01 eurusd 0.08
13/06/11 17:04 sell 0.01 eurusd -2.98
15/06/11 08:45 sell 0.01 eurusd 8.98
15/06/11 09:15 sell 0.01 eurusd 8.4
15/06/11 11:30 sell 0.01 eurusd 1.52
15/06/11 18:45 sell 0.01 eurusd 5.61
16/06/11 07:30 sell 0.01 eurusd -1.29
16/06/11 07:45 sell 0.01 eurusd -1.21
17/06/11 11:15 buy 0.01 eurusd 0.37
17/06/11 11:20 buy 0.01 eurusd 0.43
17/06/11 11:30 buy 0.01 eurusd 5.44
17/06/11 11:30 buy 0.01 eurusd -1.03
17/06/11 12:15 buy 0.01 eurusd 1.34
20/06/11 15:15 buy 0.01 eurusd 4.08
23/06/11 22:00 buy 0.01 eurusd -3.09
24/06/11 11:00 buy 0.01 eurusd -3.87
27/06/11 16:30 buy 0.01 eurusd 2.59
27/06/11 16:45 buy 0.01 eurusd -2.23
29/06/11 17:30 buy 0.01 eurusd 3.89 28.92

As you can see I have posted 3 months worth of trading. The stats have been simplified and appear to be rather basic but it gives you all the info that matters. I hope the information is self explanatory for those of you who trade.

The FGB team have pushed out a number of updates that seem to have increased the EA’s performance dramatically. These have included safe exit strategies on reversing trades and checks to make sure the robot is performing the way it’s meant to across different brokers.

False breakouts will sometimes hinder the EA’s performance but the EA does manage to get in on the fast moving trend direction trades.

If you have any questions about Forex Growth Bot you can email me.

If you wish to discuss this EA with the community you can do so here.

FAP Turbo, Forex Growth Bot

Improve Your Fapturbo Experience

Posted on June 21, 2011 by Hank (Admin) Leave a comment

Received an email from Fapturbo today that I thought I would share.

We have recorded a short but very important video that may help you increase your experience with Fapturbo. Click to watch it now:

http://fapturbo.com/membervideokeystosuccess.html

FAP Turbo

Daily Trading System Launch

Posted on June 15, 2011 by Hank (Admin) Leave a comment

Well, I’m convinced!

It’s launch day for the “Daily Trading System” and It looks very exciting. A little steeply priced for me at the moment but most likely well worth it.

Loz Lawn has been in constant communication with me over this new Launch and his dedication is outstanding. I really look forward to his clients feed back – I’m certain the investment will be worth it.

I almost forgot. Here is the  50% off coupon:
50OFFDTS2011

Now, back to the charts -Oooh! Euro has crashed – lucky I’m short!

Daily Trading System, Loz Lawn ,