Archive for May, 2009

Why You Can’t Retire In 4 Years!

Why You Can’t Retire In 4 Years!
Gomega Four Year Retirement Plan

So what’s wrong with retiring? If you have plenty of money to enjoy a sufficiently comfortable lifestyle or at least maintain the quality of life you are accustomed to. Then retirement is great! Of course for most of us, the thought of retiring is just something in the distant future. Something to squirrel away a little nest egg for, so we can enjoy the golden years of lives.

Wrong! In the current economic climate, retirement may be closer than you think, forced early retirement that is. As for that nest egg you have been working so hard to accumulate. Let’s not talk about the 401K scandals, housing market crash, credit crunch, stock market collapse, looting of investment funds, trillion dollar bank bailouts with your future tax dollars rewarding well connected white collar (I’ll let you fill in the blank). In short, a complete economic meltdown. And lets not get into finger pointing over who authorized corporate subsidies to export your work overseas.

These are some of the multitude of reasons why you may never be able to retire and enjoy your life, follow your passions and fulfill your dreams. These are all reasons why you will likely be working to the end of your days to make money for some corporation or perhaps worse.

This doesn’t have to be your reality. Your life can and should be different but you have to make the choice. So lets talk about how you could retire and enjoy all life has to offer. And how this could be achieved within just four short years.

In spite of all the doom and gloom from the corporate media, there is one thing you should know. Money is never destroyed, it merely changes hands. You can either exchange your time for some money or you can exchange money and free your time. The biggest market for money in the world is the foreign currency exchange market or FOREX. Over US$3.2 trillion in foreign currencies from around the world are traded every business day of the week.

If only there were a way to take part in the Forex market with an automated system, that was capable of profiting from price variations in currencies, 24 hours a day. Well there are many automated trading systems that do just that. The best of them can make money consistently month after month. Gomega Xray is an excellent example of a high end automated trading system.

While it is not possible to purchase Gomega Xray at this time, there is a new and extremely valuable release coming from the creators of Gomega. In a week from now, Quantum Research will release a new version of their very popular GOmega Autotrader FX. This newest release of Autotrader is named Gomega GBPJPY or Gomega (Pound Yen).

Gomega GBPJPY specializes in trading the Pound Yen, currency pair. This pair of currencies has been very profitable for many Gomega users, some have even made their live trading accounts available to Quantum to display on their website. Jonathan and David present a Four Year Retirement Plan based on the compounding profits possible just by trading on autopilot using Gomega GBPJPY from a starting balance of just $5000. At the current rate of profit, within 4 years, the account would be over $1,200,000. Which is why they are calling this the 4 Year Retirement Plan.

Quantum meet a Gomega Autotrader client in Switzerland
Quantum meet a Gomega Autotrader client
Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research presented a video with one of their Swiss clients, who had almost doubled the balance on his live trading account in seven months, trading the GBP/YEN currency pair and on auto-pilot using Gomega AutoTrader.

More Pound Yen Trading Videos from GOmega

A new video has now been released where Ken Herbert Snr and Jonathan Herbert show you the inner workings of the Gomega GBPJPY Autotrader. This is a fascinating presentation and essential viewing for anyone considering investing in Gomega GBPJPY or simply trading this currency pair. The video goes into great depth showing the signals and indicators Gomega GBPJPY uses in determining when to open or exit a trade. If you are new to Forex then this may be a little intimidating, however the best part is that Gomega GBPJPY takes care of all this complexity for you, you only need to set few inputs for example Risk per Trade, Stop Loss and Take Profit preference.
the  Gomega Pound Yen Live Trading Results

The GoMega GBPJPY Under the Hood, is a very interesting presentation that not only takes you inside of Gomega GBPJPY but through a trading week with the Gomega GBPJPY also, and I thoroughly recommend watching it at least once if not 3 times.

Go to the Official GOmega Site

Click Here for a Gomega GBP JPY Review to see Gomega GBP JPY in action

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Gomega Xray Results for May 22nd 2009

gomegaxray-trans-09-05-22Its been a exciting week for Gomega Xray forward tests and perhaps for most automated EAs. Gomega has been trading a $5000 demo account with Alpari since the 21st of April, and it started the week with a balance of $6188. During the week it took a number of successive loses drawing its account balance down to well under $6000. Yet at the same time its equity balance was hovering around $7000. So on the one hand the results didn’t look so good at first, it was in a very good position overall.

Part of the explanation behind the string of losses in my opinion is Gomega Xray trades multiple currency pairs and one of the entry factors is the cross currencies strength for each of the pairs being traded. This is one of the factors that gives Gomega an edge when calculating whether to enter a position. However it is a 2 edged sword. So if the market direction changes or goes against Gomega, Gomega will likely have many little losses in a row as the stop losses are hit. Naturally the opposite is true when Gomega is on the right side of a market swing, the result being multiple giant wins in a row.

gomegaxray-chart-09-05-22This is exactly how last weeks trading had been. Gomega found itself on the incorrect side of the market movement a couple of times as well as some positions that were peaked out as a result of some major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Perhaps a great oppurtunity for a dedicated manual trader? However regardless of this, Gomega was still in the trade on many positions since the start of the week and earlier. And as the Euro continued to strengthen throughout the week, Gomega’s equity position continued to grow, though its balance was down.

By the end of the week, Gomega had closed out many positions it had been holding and finished the week with a balance of $7296 and equity of $7478. So that was a gain of $2296 or 45% in less than 1 month.

While the weeks trading failed to produce a nice smooth balance curve, the end result is still very impressive. If only Metatrader were in a position to show an equity curve that encompassed the equity balance, it’d be better to visualise the real progress of the trading through the week. Another limitation of the chart s produced by Metatrader are that the horizontal axis is constructed on a trade by trade basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Keep up to date the GomegaGBPJPY Forward Tests

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Grid Bot Trading

The Grid Bot SystemTrading currency exchange is one strategy to beat the recession, but you have to know some critical facts or you might lose more than you make. Though there are fortunes to be made, not everyone is a winner. Over Christmas I heard of a family friend who for a period had been trading for fun and profit. Putting away a handsome sum on a constant basis. However that changed quickly because of the upheaval in the Forex markets. He not only lost his shirt but his home and the family farm too! Surprisingly he is quite philosophical about it is dealing with it all very well considering. More information about the Grid Bot System

Naturally this should never have occurred, particularly to someone as experienced as he was. So what really went wrong? Quite simply he had become greedy, trading by the seat of his pants. He was not running stop losses and when he had a sequence of losses he just poured more money to try and win back what he lost. In short, he was no longer trading he was gambling, he let his emotions take over and he lost his edge. He was no longer trading by a winning system but more like a craps player who just doubles his bets on every loss. This is precisely the way not to trade Forex.

This is just one of the numerous areas where a Forex Robot has an edge over most human traders. They trade by a system and they do not get emotional. A good robot can recognise and conform to any market condition and trade reasonably. It can pick the best time to enter and close a trade, set stop loses to attenuate risk and even know when not to trade. It is during times of high volatility that large profits are made by the best traders. However there’s small margin for error when you’re trading the forex markets. Having the correct tools and trading system for the conditions is what differentiates the winners from the losers. The 2 important tools for day traders, are Expert Advisors Forex Robots and Signal Generators. Occasionally called push button trading, a signal generator tells you when to buy or sell. They do not trade for you. This is fine in a fairly stable market where price changes are less and more likely to be following a trend. However in a volatile market, rapid reaction time can make the difference between many winning trades or a loss. This is where automated trading comes in. Often referred to as foreign exchange trading robots, these are sophisticated PC programs that can make trades for you. You only need to setup your trading preferences and let it trade for you on auto-pilot. More information about the Grid Bot System

Grid Bot is an one of the latest forex robots to be released for the Metatrader4 trading platform. Until not long ago, Expert Advisors ( EA ) were available only to money managers, large financial institutions and banks. Until the last few years, EAs were well out of reach for any one but the most dedicated professional traders.
The Grid Bot System

When I first read about the Grid Bot what surprised me the most was its cost. How could something that claims to deliver so much profit, sell for so little? Software as robust as this regularly costs four figures and more. Can an Expert Advisor in this price range actually trade profitably, completely on auto-pilot? Well I had my doubts, it just did not seem possible.

Here is what is claimed by the designers of Grid Bot.

Forex GridBot Claims
Automatically Make Money Every Day Without Doing Anything
The Forex Grid System Requires NO Knowledge of Forex
You Could Be Up and Running in 10 minutes
Advanced Money Management System
Profitable With Real Money
100% Money Back Guarantee

Those are pretty some pretty wild claims right?! I mean if FX GridBot is even capable of half of what they claim, then that would be incredible!.

#1:
Grid Bot is a 100% automated trading system. This is in fact the sole way to trade Forex, unless you’re a super human professional Forex trader with years of experience, and do not mind gazing at PC screens, day in and day out. A Forex robot trades systematically, without emotions like greed and fear. It is these emotions that frequently forestall most human traders from being successful. However trading with a Forex robot which has proven itself to be consistently successful, not only can be profitable, it frees your time to do the things you want.

#2:
To successfully trade in the Forex market takes years of study, a systematic trading strategy, deep understanding of technical indicators such as support, resistance levels, moving average crossovers, Fibonacci sequences, etc. the list goes on. And above all nerves of steal. You must be in a position to trade without emotion and possess super human powers of concentration to turn all that theory| into profitable trades. Or at least that is the way it used to be.

Grid Bot looks after all of all of this for you, so you do not have to. Its like having a veteran forex trader slaving for you enthusiastically twenty-four hours a day. Trading without emotion, putting complex trading speculation into practice. That is what PCs are for anyway, they should do all the hard work for you. You select your trading style and set it to start practice trading on a demo account or live trading with real money.

#3:
Yes this is definitely the case. This is the fantastic thing about automated trading. All the difficult work in designing the system and developing the robot has been done for you. For a one time investment you recieve access to years of experience, thousands of hours of research and development and testing. You can literally have your robot set up and configured within minutes of downloading it and start trading a demo or live account just about straight away. Once setup, you can walk away and leave it to run on auto-pilot just about 24/7. If you’re able to use a web browser to download a file and can follow some simple instructions on how setup your Grid Bot Expert Advisor, then you can be successfully running in 10 minutes. They’ve even included a step by step setup video that will walk through the complete setup. It’s so straightforward that even my grandma would be ready to setup the Grid Bot. More information about the Grid Bot System

#4:
The Forex Grid Bot uses an exclusive Cash Management system that keeps control of your profits and cashes in every time. Unlike human traders, the Advanced Money Management System or AMM system is not greedy. It knows how much to risk and when to close the trade and cash in. An advanced cash management system is what seperates the successful robots from the disasters.

#5:When it comes to FX trading, at the end of the day only 1 thing matters. Is the system profitable with real money? The Forex Grid Bot team are putting their money where their mouth is. They’re running multiple live trading accounts and publishing the results daily to their website.

#6:
This makes purchasing and trying out the Forex Grid Bot and simple decission, because you are covered by a full 60 day, 100 pc money back guarantee So you really have zilch to loose and everything to gain when you get Grid Bot.

More information about the Grid Bot System

By the time I was finished playing around with Forex GridBot, I wanted to give my aching brain some rest.

Not only can the Forex GridBot follow the market minute by minute and left running 24 hours a day seven days each week. It actually learns and gets better over time. To finish it off it automatically sets stop loses so that you may never loss your shirt on the rare occasions where it enters a losing trade. If only our family pal had been using something similar to GridBot. Well happily with Forex GridBot he will have a 2nd chance.
How to get the most out of Forex GridBot?
Most Forex GridBot users are going to get it all wrong and they could lose some cash. Don’t take this gently. Afterall, Forex trading can make a lot of cash but only when done the correct way, in fact it’s the only way. Do it wrong and you might lose hundreds of dollars in no time flat.

Which is why I’ve made this special one time bonus for the people who want to try The Grid Bot System

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