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Forex Derivative 2.0 Review (Zack Kolundzic)
No Comments | Posted in Forex Derivative 2
Let me explain the logic behind the software.
The kernel (brain) of the software continuously monitors the market and is constantly aware of the current market condition.
Market can be either trending, sideways, swinging, support/resistance driven or it can be extremely volatile due to non technical factors.
The kernel is able to recognize each of those market conditions (and many other conditions that I can not mention here)…
After the condition is recognized the kernel chooses one of the many different strategies that it has in its portfolio.
It chooses the strategy that is specifically designed for such market condition.
But the kernel is not only doing that: most of the strategy parameters are not defined as fixed, but calculated constantly as function of other market variables. Doing so every single strategy of our portfolio is also readjusted to the current market conditions.
And most importantly the safety of the trading capital is given the highest priority. All of the trading strategies that promise you some ridiculously high winning percentages are basically gambling with your capital.
Most of those strategies have extremely wide stop losses so if you use such a strategy it is only a question of time that you wake up and find your trading account completely devastated by a single loss.
The good news is – we were able to solve this problem
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Forex Trading Strategy Review by Zack Kolundzic
No Comments | Posted in Forex Trading Strategy
Dear Forex Trader,
Recently, a close friend of mine who knows me for years admitted to me that he lost over $21,000 trading forex market in less than three months time. Well, there would be nothing strange about it if there wasn’t one very important fact. He is MY friend. And he knows that I’m a forex trader and he also knows that I’m a very successful forex trader. So I asked him why didn’t he consult me when he was starting, actually I was very disappointed that he even hid from me the fact that he was involved in forex. He told me that every time when he heard me talking about forex I was always using words such as “hard“, “stressful“, “dangerous“… He said that he didn’t like to hear those words.
So one evening he was surfing the web and he stumbled upon one site that he says “stood out“. Everything that he read on that site was completely opposite of anything that he heard me saying. “Forex trading is easy…” “Anyone can do it with just a little bit of effort…” “You can quit your day job…” And he was hooked. He bought their system and opened demo account. His demo account was set at $50,000, few lucky trades over the next four weeks and his demo account grew to $78,000. Wow! Twenty eight thousand dollars in four weeks. As any other beginner he was thrilled. He withdrew $10,000 from his hard earned savings account and he was all set to accomplish his dreams.
However, very soon he realized that trading for real money and trading demo account have nothing in common. When real money got at stake, he became different person. Nervous, scared, he took his profits way too early and stayed in losing trades far more than he was supposed to. His money was melting before his eyes! He added another $5,000. Then he borrowed another ten thousand from his line of credit. He came to me when he was down to the last three thousand and nine hundred dollars.
Zack Kolundzic
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