Hi Peter, Back in October of 2005 you had posted the above message. I was wondering... are you are still using the signals of fxmaster.net? If so, are you making enough money at it that if you wanted to you could quit your job (I'm assuming you have a job)? Do you mind sharing how much money you started your live account with (the account you use the Fxmaster service with)? Are you using an auto-trade service to make all your trades for you? I will really appreciate if you could answer these questions. I am considering giving Fxmaster a try. Thanks, kazoo P.S. - I would appreciate ANYONE'S experience regarding Fxmasters. Especially if it is your main source of income and/or it has replaced your job.
Me too. I think that we must make a survey for a FX advisor service, please guys, make a vote for your best and worst FX advisor. May the trend be with you !!!
FX Master looks interesting. If they posted their -360 in June they've got to be honest. Looks good, maybe a lot of drawdown though, less risk that's all. If someone out there has the same results as them it would be great to hear from them.
Hi Kazoo, I still trade with Fxmaster. I tried several forex trading signals services and i wasn't lucky enough. Even at the beginning with Fxmaster they had some big drawdown. Anyway, after some time they recover what they lose and they are already in profit. The most important when trading with fxmaster signals is to stick to some strict conservative money management plan. They adviced me to risk as low as 2% of my balance per trade which proved to be very effective money managemnet since i was able to survive their drawdowns. It's very dangerous if you risk too much then a few losing trades in a row will wipe away your whole trading balance. I started trading their signals with around 10,000$ and i risk 2$/pip. During 2005 my balance grew up to 14,000$ which is 40% profit per year. Until August 2006 my balance is 17,000$. My balance is almost doubled but i still risk 2$/pip. I will not change this risk ratio until my balanc is over 20,000$. Regarding the source of income,well..i make good money from forex trading BUT i will NEVER think of quiting my job and earn my living from forex. I mean it's still not guruanteed that i will be making regular profits forever.