Forex Apocalypse Expert Advisor scam

By Kathy Alonso

The sales page seems too good to be true. Having no Forex Trading experience Forex Trading it piqued my interest and after finding no negative reviews anywhere I decided to give it a try. The idea that it was a plug and play EA which could be set up and left to do what it does without being tweaked was very appealing to me. Reviews mentioned that it made few transactions but was very reliable. It was said to avoid risky short term moves and go for more long term earnings. After I purchased the software I was taken to metatrader.com which as stated on the page was recommended for use with this EA. The sign up process was lengthy and included giving my bank information. The software was only available for windows and so I had to install it on a friend's computer. I funded my account through Paypal and installed the Apocalypse EA. I had trouble getting the EA to start working and contacted MetaTrader support about the issue. Affter telling me to reinstall their software they said that they could not help me because they do not provide technical support for EA's. They suggested I contact the Forex Apocalypse EA support.

I was unable to find any support link on their website but found the email I received when I purchased the Forex Apocalypse. I sent my question about setting up the EA through this email. They responded within 24 hours, which was very impressive but by then I had figured out what the problem was. The EA did not have permission to do live trading. I changed the settings and was ready to go.

The default settings were the following: magic number : 20202111 eachtickmode : true Lots: .5 stop loss: 250 takeprofit: 500 trailing stop;: 65 slippage: 3 . I didn't change any of these settings.

I had it working on 30 minute graphs and all major currencies. It took a few days to make the first purchase and that same day I lost over $250. I was concerned that it may not have been running 24/7 so I subscribed to ForexHoster, which allowed the EA to be running 24/7 without any disruptions or delays. This costs about $60 a month. I also read through the Forex Apocalypse manual again and found that it said that the graphs should be set at 4 hours and 1 hour for best accuracy. I made these changes and left the EA running again. I was hopeful when a few days later the EA made another purchase and it looked like this one would make a profit. Unfortunately within a few hours I ended up out another (over)$250. I wrote to the Forex Apocalypse support and told them about my concerns and asked for any suggestions. I was told to use shorter time frames and that "EUR/USD is the recommended currency pair as it produces the most stable signals". So I made these changes But I kept losing money. And three weeks from the day that I first purchased this EA, I had lost almost 900 dollars. This was a hard learned lesson and I hope this review helps others. Now I'll be attempting to get a refund for this EA. It won't make up for all the money I lost but at least I can get my initial $67 back. I'll also be unsubscribing from ForexHoster sine I won't be needing this service anymore.

Please learn from my mistake. If it sounds too good to be true then it probably is. Forex trading is far from being a science and no matter what you use or how you do it, it is more of a gamble than an investment.

But remember, not everything on the internet is a scam and it is possible to make a living from home. I've had great success with certain programs. To find out more visit www.ProsperLane.com. - 23217

About the Author:

Find out more on how to make a living online visit ProsperLane.com where you can sign up for a no cost associate membership and watch live daily webcasts on all their products and services.

Examining Draw Downs With Third Party Forex Signal Providers

By Tom K Kearns

So, you are in the market for a third party signal provider. The maximum draw down of the trader is your first step in the selection process. To define the maximum draw down - this is the gap between the ultimate amount of loss between the absolute top and the absolute bottom. Included in this number is also the open positions, but not included is the account margin necessary to keep you away from a margin call. How much is too much of a draw down you may well ask. Of course, like many answers to many questions, it is - That depends. Many, many issues need to be examined when coming up with an answer to this very important question. It goes without saying that a person with an account in the high thousands of dollars can stand more of a draw down than a person with a much smaller account. So, that being said, what are some other things to consider?

Besides the size of the draw down number are the events that formulated it. A trader with a draw down of a size so high it makes you nervous but otherwise seems a successful one, you need to take a look at the number of positions he has open at one time. If he opens 5 trades on whatever pair at one time; you can immediately reduce his record of draw downs by 5. The trader who limits the number of open trades can sizably cut down the overall draw down.

A trader can often have an excellent historical track record except for one single mega-meltdown, where the trader simply zoned out and let a trade run amok on him and unmonitored for days on end. This will reflect badly on him but really should not overly affect the scope of the trader's abilities. What if the trader simply can't tell when a trade has a snowball's chance in hell of making a comeback to even? What if, heaven forbid, his internet connection lost it at the most inauspicious times? In either case, avoid this problem by setting your own stops for the trader. Don't though, stop those trades that are reasonable, stop only those that are beyond the outer rim of a realistic (to you) trading range.

At this point, we are going to visit again our original question. Now that you have accomplished all you can to limit draw down, I will caution you by saying any amount over 35% of your total account equity is way overdoing it. If you let yourself become in a situation where a 50% plus loss is incurred, coming back from it would involve some extremely risky behavior. A 50% loss demands a 100% gain just to get back on the level.

Historical information on the trader is another important consideration to take into account. A lengthy history being available can illustrate to you just how the trader handles rough seas in the trading arena. You want to know this because there will be rough seas in your trading future and you want a steady captain at the helm.

Also remember to constantly monitor your traders on both a live and demo account. If their draw down gets out of hand it may be time to reevaluate or completely remove that trader from your portfolio. - 23217

About the Author:

To learn more about Forex Trading Signals visit Automated Forex Trading Systems.

6 Forex Trading Tips For Trading Success

By Bart Icles

In the forex trading world, more traders are losing than gaining. The reason might be because of not having the right forex education or not having any at all; might also be because of not being disciplined in terms of making calls in their trading activities, or if ever they get the services of forex brokers, the brokers do not really know what they are doing. There are lots of reasons why forex traders fail; there is only one reason for their success. If you want to venture into successful forex trading, the only thing that would propel you to success is by developing a forex trading strategy that would suit your forex trading activities as well as your lifestyle coupled with the right attitude that a forex trader should have, that is, having the self-discipline needed in order to make good forex trading calls.

A great way to be able to develop your own forex trading strategy is through checking out different forex trading tips and doing trial and error with a dummy account. Some of the best forex trading tips are the following:

1. Be sure to be equipped with the right type of forex education in order for you to have the right foundation. A forex education will enable you to have the right start when you venture into the forex trading industry.

2. You should trade not currencies, but pairs. You should be able to know the characteristics of the currency pair that you are going to trade. Making sure that you know what their impacts are on each other will help you determine and make rough calculations on your gains or losses, therefore, helping you make the right calls.

3. Do not be too cautious or too unambitious in trading. Although trading this way can make you earn small profits, in the long run, you will just be losing since you would have a higher risk in not being profitable.

4. If you haven't developed a forex trading strategy yet, make sure that you practice with a dummy account. Be sure, though, that the dummy account that you will be practicing with is close to the real thing to be able to give you the feel of what it would be like to trade in reality.

5. You should be independent in trading at all times. Seek advice from reputable sources, of course, however, you should also be able to analyze the trends and the signals and interpret them to your advantage.

6. Develop confidence in trading. The only way you can do this is to know everything you need to know about the industry and be able to apply them successfully.

The forex trading world is a relatively easy thing to understand and to succeed in, eventually. Do not take shortcuts. Use these forex trading tips to your advantage. - 23217

About the Author:

Learning to day trade forex starts with a desire to learn and a drive to become a great trader. Learning forex auto trade takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Beach Investment Property: Invest by Purchasing Land

By Jeremy Szechenyi

To purchase land near the beach you will need to find an area that has not already been developed with a house on it. Beachfront land that borders the ocean or waterway is very expensive, and is hard to find. Land that is just off the beachfront is typically easier to find, less expensive, and a better choice for investment. Regardless of which you choose to search for, the land must have value. Consider the three points below.

1. Why is the land for sale?

2. Research the area to see if utilities are available for a house.

3. Figure out if any development projects are going to take place.

First off, determine why the land is for sale. Frequently zoning restrictions prevent landowners from building or doing what they want, and they will try to sell it. If you are not aware of these restrictions and rules, you might be in for a big, and bad, surprise. The ground and surrounding area might not be supportive to buildings. For example, sinkholes might seem sturdy for many years, but can begin to falter over time, causing unstable ground. Know what you are buying before you buy.

Are utilities available for a house? This is the second thing to consider, as all houses will need utilities. Sometimes areas have certain utilities and not others, which make them hard to have a conventional lifestyle. For a beach investment property, you will need it to have access to utilities so that any kind of house constructed there would have access to appropriate utilities. At times, you can find an are that does not have utilities yet, but will get them soon because of development projects. These are great investments because they are usually lower priced and will appreciate greatly.

Are development projects forecasted or expected in the area? This is the last thing you want to consider. Development projects can add and take away from a investment property. Commercial developments, as long as they are not too close, can bring convenience to local areas. If too close, though, they can cause crowding and take away from the feeling of the beach area. Residential developments close by tend to cause a crowding feeling, and the increase in house supply can lower prices. Being aware of potential, planned and expected development projects is important in buying land at the beach. - 23217

About the Author:

Buying land at the beach is a great way starting point for an investment property. For more information, check out Jeremy Szechenyi's awesome Blog on beach property investments.

Getting the Price Right for Success in Real Estate Sales

By Jason Myers

Real estate investing normally involves marketing at one time. This price setting is what will determine how fast the house will sell. But how do you get this cost correctly?

For most home sellers, enlisting of the correct cost is dependent on how much they think the house is worth. But as it has been determined with this process, the odds of making it right are slim to zero. Of course, the laws of probability guarantee you a chance in getting it right by pure estimation but that almost never occurs.

For the best deal, you need to do one thing, and that is a home check. You need to get the services of a professional to make the cost approximation of the house and provide details to you with it. That will give you the margin of pricing the house. These people are very precise in their dealings and with all concerns being made, as with the recent trends in the real estate market, they will offer you an almost precise figure of just how much your property is valued inside and out.

There are a number of situations where you may not be happy with the figure, but you are more than welcome to do upgrades that will increase the price to a higher number that you can be comfortable with. You can invest in renovating the house, redoing the paint jobs and replacing a thing or two, up to the time you think that the general cost has appreciated.

The second thing you can do is to wait until the home selling period arrives, but with the irregular financial rotations, you would not be assured of that really occurring.

When selling your house, you should not even think about competing with foreclosed homes since their prices are way lower and attempts to match them would only bring about loss. - 23217

About the Author:

As the housing crisis bottoms we'll have plenty of one in a lifetime real estate investing opportunities. You may also want to read our articles about home refinancing so you'll have funds to invest!