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Forex Mentors - The Best Investment You Can Make?

  • #301
  • Aug 18, 2009 5:40pm Aug 18, 2009 5:40pm
Quoting fxtrader29
I also lay out the rationales for all MY trades prior to taking the trade on the blog. Before I place the actual orders. I SMS them to you.
I also SMS them as the trade is filled.
It is then up to you if you wish to follow those trades ...or make alternative trades

This is a mentoring process, not a theoretical academic training process with lots of complex and exotic theories about technical analysis.
[i]This is based on you placing REAL trades with REAL dollars and experiencing REAL emotions of fear and greed. (Or...
This is 100% true. He has been fabulous for me and has answered all my questions in a straight and honest manner. A skilled and talented mentor.
  • #302
  • Aug 18, 2009 11:10pm Aug 18, 2009 11:10pm
Quoting fxtrader29
I am trading more than he is, so he is not a signal service to me. But I do trade every one of his trades because his winning score rate is very high. But I have learned how to trade successfully in my own trades using his processes. I have learned how to be more patient in my trading and let the winners run longer.

I have learned how to pick the turning points from an expert and am almost able to match every one of his calls now. I am not 100% at it but I am a long way from where I was when I first joined.

When i joined I received this:...
I consider Wayne not only as a mentor but as a friend also. He has helped me far beyond my expectations. A genuine good bloke.
  • #303
  • Aug 19, 2009 3:59pm Aug 19, 2009 3:59pm
i just checked out jacko's subscription service... $700 a year, which isnt bad. but i dont know if i will benefit from it.
  • #304
  • Aug 19, 2009 5:26pm Aug 19, 2009 5:26pm
Quoting fc3s
i just checked out jacko's subscription service... $700 a year, which isnt bad. but i dont know if i will benefit from it.
We all won a minimum of 115 pips from his last trade. He has not had a losing trade in over 6 weeks. In the last 6 weeks we have all won almost 700 pips in supereasy lazy trading by copying his trades. I have won another 520 pips by trading up and down to his targets. I am now able to see how he picks his targets.
He is a brilliant mentor. It is a privalege for me to be in his group. And when you are a member you see just how big a trader he is.
  • #305
  • Aug 19, 2009 5:37pm Aug 19, 2009 5:37pm
Quoting jamiewhite
We all won a minimum of 115 pips from his last trade. He has not had a losing trade in over 6 weeks. In the last 6 weeks we have all won almost 700 pips in supereasy lazy trading by copying his trades. I have won another 520 pips by trading up and down to his targets. I am now able to see how he picks his targets.
He is a brilliant mentor. It is a privalege for me to be in his group. And when you are a member you see just how big a trader he is.
thats quite re-assuring. how does it work? i wish theres a 7 day trial or something just so i can see how it works....

i understand that he sends out his trades via sms and he writes about it in his blog?
  • #306
  • Aug 19, 2009 5:52pm Aug 19, 2009 5:52pm
Quoting fc3s
thats quite re-assuring. how does it work? i wish theres a 7 day trial or something just so i can see how it works....

i understand that he sends out his trades via sms and he writes about it in his blog?
Wrong way around.
He writes in his blog what he is seeing on the charts and where he is going to buy or sell. This is usually 24-48 hours in advance because he can see where it is going. This is the best part of the training because we watch his thinking
When it gets to about 50 pips away from his buy or sell, he SMSes us a text message giving us advance notice.
Then when it hits the target and his orders are being filled, he SMSes us again to say that the target is being hit and the Stop Loss.
Then he follows his trade in the blog giving us price targets to close the trade and why he is closing at that price.
When the closing price gets to about 50 pips away, he sends us another advance notice.
Then when it hits the target and his trade closing orders are being filled, he SMSes us again to say that the target is being hit.

Then, if we have any questions he answers us individually. Thats the one-on-one mentoring.
Then he posts the some of the questions on his blog so that we can all learn from them.
He is a brilliant mentor. It is a privalege for me to be in his group. And when you are a member you see just how big a trader he is.
  • #307
  • Aug 19, 2009 5:56pm Aug 19, 2009 5:56pm
ahh ok. thats what i wanted to know. sounds good, think im gonna sign up once i figure out where i stand financially. thanks!
  • #308
  • Aug 19, 2009 6:02pm Aug 19, 2009 6:02pm
Quoting fc3s
ahh ok. thats what i wanted to know. sounds good, think im gonna sign up once i figure out where i stand financially. thanks!
Smart. You shouldn't put any money in the market you aren't willing to lose.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #309
  • Aug 19, 2009 7:18pm Aug 19, 2009 7:18pm
If you need a mentor, try to find someone can get you through the losses, and how to accept and minimize them, I think a good old experienced gambler can be a good idea, because I see lots of traders look for mentors based on what his won on his trade, they don't look for how that trader control the risk
Back to the beginning ... demo
  • #310
  • Aug 20, 2009 2:48am Aug 20, 2009 2:48am
Quoting jamiewhite
We all won a minimum of 115 pips from his last trade. He has not had a losing trade in over 6 weeks. In the last 6 weeks we have all won almost 700 pips in supereasy lazy trading by copying his trades. I have won another 520 pips by trading up and down to his targets. I am now able to see how he picks his targets.
He is a brilliant mentor. It is a privalege for me to be in his group. And when you are a member you see just how big a trader he is.
You are 60 pips in front of me over the six weeks. Bugger.
  • #311
  • Aug 21, 2009 8:05pm Aug 21, 2009 8:05pm
Quoting goldtrader
If you need a mentor, try to find someone can get you through the losses, and how to accept and minimize them, I think a good old experienced gambler can be a good idea, because I see lots of traders look for mentors based on what his won on his trade, they don't look for how that trader control the risk
i don't think a good old experinced gambler is what you need.
i think you need trader who knows how to handle a loss. Someone who says; This is what you do when you have a loss. And they show you how to get over it. Or better, they have an action plan to get the loss back. That is what I like about Jacko's AntiHedge
  • #312
  • Aug 22, 2009 12:28am Aug 22, 2009 12:28am
Quoting teddybearhug
i don't think a good old experinced gambler is what you need.
i think you need trader who knows how to handle a loss. Someone who says; This is what you do when you have a loss. And they show you how to get over it. Or better, they have an action plan to get the loss back. That is what I like about Jacko's AntiHedge
There is nothing to handle at all, Mate. If you trade, you will have losses. All part of the game. Do not let a loss exceed your per trade risk. Tis all you have to do.
  • #313
  • Aug 22, 2009 9:01am Aug 22, 2009 9:01am
Quoting fxtrader29
I saw this topic and thought it would be a worthwhile discussion topic.
http://www.forexfactory.com/news.php?do=news&id=187395[font=Verdana][size=2]

[size=2][font=Verdana]I am a CPA accountant, and I had a mentor in this business. In Australia, CPA’s are required by law to have a mentor so that...
Hello everyone, this is my first message and I want to say what an information-packed place this forum is for a new trader like me. I can see that I am going to learn a lot here.
  • #314
  • Edited 6:49pm Aug 22, 2009 11:58am | Edited 6:49pm
Quoting capitalx
Hello everyone, this is my first message and I want to say what an information-packed place this forum is for a new trader like me. I can see that I am going to learn a lot here.
Be selective, Mate. Be very selective.

Read THIS
  • #315
  • Aug 22, 2009 12:19pm Aug 22, 2009 12:19pm
Quoting capitalx
Hello everyone, this is my first message and I want to say what an information-packed place this forum is for a new trader like me. I can see that I am going to learn a lot here.
Welcome!
This place has a huge amount of information, that is for sure. But quantity doesn't equal quality. Unfortunately most of the information you will find is at best mediocre, lot of it is just BS and some of it is downright dangerous. So you will have to be careful and not easily fooled, you will have to study a lot a with increasing knowledge you will learn to separate the BS from the useful information. With time and patience you will find some gems worth keeping.
I wish you luck on your journey!
I'm not insane; my mother had me tested.
  • #316
  • Aug 22, 2009 6:30pm Aug 22, 2009 6:30pm
Quoting capitalx
Hello everyone, this is my first message and I want to say what an information-packed place this forum is for a new trader like me. I can see that I am going to learn a lot here.
Welcome capitalx to the Factory. These are two of the best threads on the Factory

http://www.forexfactory.com/showthre...t=27286&page=1

http://www.forexfactory.com/showthre...?t=2331&page=1

Jacko and James have been here for a long time and both have lots of respect and kudos. After you have studied them, you can them move outwards to Strat and BWR and other threads.
  • #317
  • Aug 24, 2009 10:31pm Aug 24, 2009 10:31pm
This is just a quick note to thank everyone on this thread who has been so kind in their words about me and the effects of the mentoring process for them. I appreciate your support and encouragement. We have developed a fine group of serious and committed traders who have been able to trade profitably and with consistency over an extended period of time
  • #318
  • Aug 25, 2009 4:08am Aug 25, 2009 4:08am
Quoting jacko
This is just a quick note....

I very much doubt you'll agree to it but why not stick around and have an open and rational debate about the (in)accuracy and merits (or otherwise) of some of your opinions, such as.....


"When you trade with the trend, even if you make a mistake, the market will get you out of your problem"

"You can "borrow" as much as you want (by increasing your leverage)"

"the shorter the time period, the more you are gambling and punting on tiny movements"

"Smart Money is the Central Banks. They actually determine the trend by sheer weight of money."

"You have NO chance trying to trade the news"

"There is no "mechanical system" that is a "Holy Grail"

"If price is hanging around a support or resistance level, it’s likely to break in the opposite direction."

"when the market comes back, as it invariably does"

"Less than 4 hours tends to be "noise" rather than a "trend"

"If your trade is a winner, you stick a trailing stop loss on it and let it run"

"If your trade is a loser, employ the anti-hedging strategy, and at some time, you can get your losses back"
  • #319
  • Aug 25, 2009 7:34am Aug 25, 2009 7:34am
Pipmutt,
You have been correctly identified as a troll. And I learnt long ago to never argue with trolls....They drag you down to their level of stupidity and beat you with experience.

Reading some of your posts indicates to me that you are not even a trader. Just another troll. But feel free to prove me wrong and post your trades in live time here at FF so we can evaluate your skills.

I don’t believe that you have any trading strategy so I won’t embarrass you by asking you to post it here.

Just your trades…in live time….here on Forex Factory.

.
  • #320
  • Aug 25, 2009 8:31am Aug 25, 2009 8:31am
Hello chaps,
I was really impressed with all of the positive posts regarding Jacko and his mentoring etc. I'm thinking about signing up to his mentoring service and wanted to know what any existing students of jackos thought of his service and also to enquire if actually teaches his method or if its just an alerts service.

Thanks,
Jay
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