[Matamor]

A course on trading that claims 75 out of 100 trades successfull.

Anyone tried that system?

Please let me know.

[AlleyCatNews]

Originally Posted by Matamor

A course on trading that claims 75 out of 100 trades successfull.

Anyone tried that system?

Please let me know.

I have not tried it myself. However a high winning rate can be very misleading.

I haven't looked at the site so I don't know what kind of trading they do.

But for example if they do forex trading....

Say they have a 30 pip stop to win 10 pips. They would need to win 75% of the time just to breakeven.

Many scalpers do that kind of thing where they are risking a decent amount to return a very small amount but like to win more often.

You will see that in people talking about the 10% runbet staregty on Betonmarkets all the time. (They make 10% on wins but lose 100% on losses.) Well on a 100 bets they would have to win over 91% of the time just to breakeven.


To me trading is all about risk/reward and letting your profits run its about how many pips you have at the end of the month not how many wins you have. You can't tell your broker hey I won 75% of the time this month please give me some money. Its
about the profits.

I can tell you that for my forex trading in May I had more losers than winners but still made 175 pips for the month. (Goal is 100-200 a month) June I was on vacation most of the month so it was just 2 trades nothing really. July I again had more losers than winners but came out with 101 pips for the month.

All I need is 100 pips a month I can turn $282 into $20,000 and a $4,000 monthly income in just 25 months.
You can view the progress on that at www.simpleforex.com/challenge

It doesn't matter to me if I win 30% or 70% of my trades in a month what matters is how many pips I have at the end of the month. MANY top professional traders constantly lose more trades than they win. However they cut there losses early and let there profits run.

Have a good risk/reward ratio I don't personally trade unless I have a chance of making at least 1.5 x my stop on a trade.


Not here to plug my stuff. But it is something I struggled with in my trading for years trying to get as many winners as possible. When it all really comes down to risk/reward and letting your profits run, cutting your losses.

Hope that helps. And if that 60 minute trader system is good and it fits your type of trading goals go for it.

[LukesLoot]

alley,

how many hours a day and at what times do you trade normally? how much does your course cost? do you offer any beginners trading steps? i'd like to follow your trades and execute them myself, but i don't know the slightest thing about trading forex - what software to use and what buttons to press. if you could step me through this much i'd be more than happy to share the wealth with someone else as well as purchase and follow your course. let me know.

- lucas

[AlleyCatNews]

Originally Posted by LukesLoot

alley,

how many hours a day and at what times do you trade normally? how much does your course cost? do you offer any beginners trading steps? i'd like to follow your trades and execute them myself, but i don't know the slightest thing about trading forex - what software to use and what buttons to press. if you could step me through this much i'd be more than happy to share the wealth with someone else as well as purchase and follow your course. let me know.

- lucas

I will send you a PM Lucas, Don't want to be to turn this into a simpleforex topic when the guy is trying to find out about the 60 min program

[Matamor]

That course is selling for $150.00 I would rather invest it with a trader and maybe turn it in $XXXX.00 in a few years.

Any takers?

[I_con_you]

Originally Posted by Matamor

That course is selling for $150.00 I would rather invest it with a trader and maybe turn it in $XXXX.00 in a few years.

Any takers?

You may not know it, but you are a born trader yourself.
Why 'invest' your $150 with any other trader?

[PMorty]

Hi all, is anybody actually using this system? comments would be appreciated, thanks

[alexeow]

Originally Posted by PMorty

Hi all, is anybody actually using this system? comments would be appreciated, thanks

Yes, those who actually using this system please post your comments here.

[grzesiek]

I didn't looked at it but i think it isn't worth a cent in fact it isn't even worth looking at it.

Trading is a hard work it has nothing to do with "60 minutes".

[cbyp]

i have it, bought it the other week...

simple to read, as for if it works, i dont know, i cant find a minute by minute free data feed, or its $70 a month to find out