i also read tom's manual of trading which may have lot of grammer mistakes and it seems like any kid wrote this trading book while he was eating icecream. because his book is very third class thing to guide traders. go and read great books by brent, abe-cofnas etc coz tom yeoman's book is showing very low level integrity of knowledge.
if you are also investigating read posts on different forums :
posted June 02, 2006 10:03 PM
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Hi
For what it's worth a trader buddy of mine did his first call with Tom Yeomans this morning on NFP and was very disappointed.
I think the 1 min news strategy by 4DLuv is as good as any.
Save your money.
Sue
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Matt NZ
Senior Member
Member # 4900
posted June 04, 2006 06:24 PM
I havent used Tom's service, but have previously looked into using it. It is obscenely expensive at $997 per month!! According to Felix who has reviewed the service you get approximately 100 pips per month from it. To just break even, you would have to be doing 100k lots, assuming you followed his winning trade calls. There are much cheaper services out there that will be able to give 100+ pips per month. I actually sent in basically the same info to Felix at forex bastards in the past month, but he never posted it. It makes me wonder whether his site is really an independent review, or if he is making money off referrals, and not posting negative (but fair) responses to those he makes money off. I also noticed that Tom has an affiliate program, for 20% of what he gets...perhaps $200 per month per referral is a good incentive not to post such comments. I'd be interested to hear other's experiences.
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Matt NZ
Senior Member
Member # 4900
posted June 04, 2006 08:52 PM
having looked more into Tom's offering, it seems even worse than I thought. He has a video where he shows his recommendations for NFP in June, his amazing advice for $997 per month, the NFP figure was only 75k, so that means you should buy EUR/USD, it takes a trading genius to figure that out...lol.
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turnip
Junior Member
Member # 8958
Member Rated:
posted July 07, 2006 06:37 AM
3 to 4 percent make money but the vast majority are losers which is why we hang out here looking for the next holy grail of trading or forex guru to show us the easy route to riches.
--------------------------------------------------------------------------forexbear
Junior Member
Member # 8980
Member Rated:
posted June 25, 2006 04:54 PM
Euro falling to 1.20???
After topping at 1.2978, completing a five wave structure up, being the second active wave of the pattern, an important change of trend took place. And the bears control the market since then. All trends have at least three waves, and the first wave down is complete at 1,2528 and retrced to the 0.382 fib level. How long can be the next wave down?, the elliott wave structure and relationship between waves can help to establish a support for this low, as the daily map show at the forecast.
http://www.torosyososfx.com.ar/psfree.htm
--------------------------------------------------------------------------tomicT
Member
Member # 7773
Member Rated:
posted June 25, 2006 10:30 PM