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  #1  
Old 01-22-2006, 10:59 PM
CowboyJimmy CowboyJimmy is offline
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Join Date: Jul 2005
Posts: 58
Wize Trade?

Has anyone had any expereince with Wize Trade. The company that does the infomercials and sell the fools proof guide to stock investments..?


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  #2  
Old 01-30-2006, 07:54 AM
forex87
 
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Re: Wize Trade?

don't waste your time or money.
there are no fools proofs guides.

if you want something that can help you get going quickly, get
"short term trading" by toni turner.



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  #3  
Old 05-08-2006, 06:31 PM
comesailaway comesailaway is offline
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Join Date: Sep 2005
Posts: 12
Re: Wize Trade?

WHY TRADING SYSTEMS DON'T WORK:

- If it really works why not trade it themselves? Why sell it? This is the #1 reason that all trading systems for sale I've ever seen DON'T WORK as advertised to make you lots of money.

- Many systems are "blackbox" trading system with buy/sell recommendations. The formulas are hidden from the user. This creates the false perception it is something great. Reality is you don't know what it is AND There's LOTS of trash out there. Many "curve-fit" the data to show great returns from historical data by over-optimizing the formulas. Look at a chart of a stock and it's easy to see where to buy/sell/short historically and thats what they do TO FOOL you into thinking the great returns will do the same in the future. No proof it ever made those high returns in the past,present, or future, and MOST tradings systems are scams.

- Where are the statistics from an unbiased source showing proof it works? For example, live trading accounts with the actual trades, not "hypothetical." They won't provide this and if they do - make sure it's over everything and not just one or two lucky stocks. I've never seen anyone do this...they know they're crap don't work. Any bullish trading system will work well with Google as will buy/hold strategy, but try it over many stocks, dow stocks, and you'll find it won't hold up.

- Commissions, slippage (bad fills) can eat you alive in systems with lots of trades. Especially futures trading.

- Stock selection is a BIG part of the success of any trading system. What are the odds you will select the right one? I'll tell you - very small.

- Breakout systems are some of the worst performers.

- Futures trading systems are all mostly scams.

I could go on and on and on.


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