First post this year - it's a shame

Maybe one would think, that I disappear or something. Well, I am here and surprisingly well, but the time is still major constrain. After finding out in 2008 that HYIP is no go, I rediscover two possible way of relatively but stable income source on the Internet. It would be sport betting, namely horse betting and forex trading. In the time when everyone is talking about economic recession, those two ways are most promising.

As far considers forex trading I would say, that you stay out of anything what is called managed, signal or automatic. At least for me it doesn't work, and it didn't... and prolly it never won't. I plan to get back into manual trading, but it takes time to catch the skills back. I am so rusty, you can't believe that.

For betting - things are slightly different. Some may recall I was writing about this in Free Forex and betting signal over Twitter . This signal over Twitter actually is still available, but I made complete reconstruction of my reverse engineering application, so now, when I have time, around 1pm GMT+1 post a horse bet prediction - when available. As always I am full of plans, but not all are feasible. My idea is to apply the same mechanism on UK soccer league. What will come out of this, I will keep you posted.

But generally, since lack of time, I am much more active on Twitter, so follow me on http://twitter.com/Th0rest

Galleon FX - not scam but bad system

Now it is about to be 10 months since I invested into Forex managed system Galleon FX. Results were really good, far better than I was able to make out of forex manually. So I decided to put minimum investment deposit in there. At beginning it was looking good, but then month after month it went worse and I started to ask my self: Galleon FX - problems, crisis or opportunity?

When looking back, that was a signal to escape with money left. Why? Since Galleon was never able to recover from crisis and in September 2008 they announced: Trading stopped, retooling and options going forward.It is all too late now...

My loss was significant, around 30% of initial deposit left on balance, after withdrawal I expect it will be even lower. Another lesson learned.

So far, on forex, after being almost 2 years in this kind of investment, I can conclude:

1. Manual forex trading - if you don't have time, good information and experience (all of those things), you may get profit just by pure luck. There is no other way.
2. Trading with signal - doesn't work well, because even if you got super great signal with profit, you'll have to pay for it. Final profit is available only when trading with large equity, but I assume if you have large equity you don't play with forex (and also not reading this blog :) ).
3. Let "expert trader" to trade your money - I tried that too. But it all seems there is no expert knowledge which could protect from losses. Beside if it is done by a friend trader, how you will share profit? If it is done by professional, it is called managed forex...
   
4. Managed forex - can be automatic system, which do trades without human control (like Galeon FX), or human controlled. But as you can find, neither was winning combination for me.

You can see Forex is not easy money, as it may seems. I am not saying that there are no traders who make it for living. But if you are new in this, follow my conclusions. It may help you save money.

Free Forex and betting signal over Twitter

My last decision was to start publishing my two signals: forex and betting. And best tool to do that is by my opinion Twitter - micro blog service. For some days you can see in left column my Twitter updates. There are not only signals, also other quick short tweets I read, so you can track what I do virtually in real time. It is much easier to post such signals and short messages on Twitter. It is best that you check how it looks yourself on my Twitter page.

MY PRIVATE HYIP
my own business with Couple of months I started my own HYIP. Since I was so frustrated my scams around, I startInternet investment. Manual and managed forex, horse and soccer betting, stable HYIP and some other sources were the core of my HYIP. For a month or two, everything went very good. Weekly profit was around 5%. Then equity on forex account was significantly hit by bad position and crisis of USD. Since then my HYIP haven't recovered yet. But I decided to share my signals, which can help you to succeed with same tools I've made over 20% monthly profit. And I am still using it!

FOREX SIGNAL
It is an automatic signal and it predicts sell and buy orders when it is triggered. A very nice performance was Friday's profit based on first signal posted on Twitter of almost 100 pips! Tool for this signal I bought 10 months ago. Generally it works ok, but sometimes you have to watch for other variables which influence the forex market like economic news. Since I trade mostly Cable, GBP/USD pair is included in signal.

HORSE RACING SIGNAL
Since I wanted to have as much as possible portfolio of my HYIP, I made my own reverse engineering tool for betting. At the moment system is in test phase for horses, but model is made also for soccer. Results for horses are still testing, so use them with caution and on your own risk. The system reached 64% win ratio, but it should be above 80%. High ratio is needed due to the fact, that I use only lay system. This system is a result of over 1 year of practising betting for real money and program is made in collaboration with one of my HYIP investors.

In future I plan to spend more posts on betting, since this seems one of very good money making activities online - especially since it is not influenced by current bad economic moment and obvious forthcoming global recession.

Keep the pace with me, get on Twitter!

Galleon FX - problems, crisis or opportunity?

In one of my posts I asked myself: Galleon FX - managed forex, is this the key to real profit? I have entered into managed forex in October 2007 and had some good times with them and also bad times. But most of time my equity was higher than initial deposit. But in January and February Galleon FX did perform very bad. If I look at my equity today, I from the date I opened an account up to now my initial deposit has been lowered by 35% of initial deposit.

One would say that Galleon is not working well. In fact on first glance this is correct, but I personally will stay with Galleon as some of investors start to closing their accounts. From my point of view this is not correct decision, as Galleon proved to be rather stable and they did always recover from down trends. Take a look at graph:



In February this trend already starts to turning, and it may be a sign of coming uptrend. Galleon FX reacted to to recent draw down and now is minimum deposit for opening an account just $2000. So another reason to take advantage of Galleon.

The truth: my feeling is, that managed account are not suitable for investors who have some knowledge in Forex markets. My February performance is much better than one of Galleon. But it is a trade of! I can't trade Forex every day, while Galleon can make me profit while I am asleep, on vacation or doing other work.

Galleon FX - managed forex, is this the key to real profit?

After disasterous results in HYIP, failer in gold trading and finally, due to lack of time and resources I was not able to run manual forex, I am now trying to make profit in forex managed account at Galleon FX.

This is now real thing. No more unsecure feeling about scam. Let me shortly look at this my new investment.

The site has very good instructions for filling up all forms and papers, since you need to get first signup a form for Galleon, then with their broker, FXCM. Both seems very stable in time and under control. Of course there is a risk of something bad happens and either company "die", but this is not so likely. Since Galleon is getting managed fee based on their performance from you, it is obvious their intention is to perform as positive as possible. All fine from this points. What else do we know?

When you sign up, you have to choose the currency USD or EUR for your account. In fact USD accounts have better statistics than EUR, for examle their USD Account was up about 75% in Septemberm, further more 18% in October for a total of 93% gross in just 2 months.

Their $1000 minimum special has been very popular with 50+ new clients in October. Those that got in and had accounts funded before the 15th are already looking at 15-20% gains in their account. As they have extended $1000 minimum investment for this month too, you just have some days to start a real investing, rather then scamy HYIP.

The FXCM offers very good web based look into account, so you see all open traders, history, current equity, for selected time period. Funding the FXCM account is easy, as you can use Credit cards.

Galleon FC performance over time

Galleon offers you great oppurtunity to take profit in violatile Money Exchange markets. Since managed accounts usually starts with over $25.000, you finally have a chance to enter with much smaller amount. And last thing: robot trading is usually not bringing such high profits as Galleon had it in September, but since it eliminates emotional weakness of a trader, it can become your profit maker.

My July portfolio

After negative experience from two months, now monthly profit from my signal is really small. Since my total investment (all time) is rather high - over $2000 and majority was lost in Privatefin, relatively small ($60) profit from only one HYIP RTA online investment is giving this the worst figure so far from April up to today. I must say a huge thank you to Max, admin of stable and genius RTA online investment who is keeping me alive in this rather hazardous online profit making activity called HYIP.

My suggestion at this time is, hold you money if you have some for a month or two. You can invest some in RTA of course, if you haven't any yet. Either way I am in contact with my good Internet friend from Indonesia, who has proven to be great Forex market expert. He promised to start managed Forex accounts at that time.

One more thing, as some are interested what happened with my "fight" against Privatefin Scam. After I sent e-mail to e-gold with details on my deposited batches to Privatefin, I received reply in less than an hour (they have really good support), the content of their reply I am pasting in here:

Thank you for bringing this matter to our attention. We have investigated
acct #4465029 and have placed a block on their account which will prevent
them from receiving any further spends into their account. Unfortunately we
will not be able to refund your money because an e-gold spend is not
reversible as stated in the e-gold account user at
http://www.e-gold.com/unsecure/e-g-agree.htm.

For more information on High Yield Investments you may want to visit
http://members.impulse.net/~thebob/Pyramid.html.

Regards,
e-gold Abuse~

Gold lowest after 11th March

Those who are familiar with Forex trading know the importance of the gold price. Current low price for them won't matter much, as markets are closed over the weekend. But what does it mean for HYIP investors?

A lot. With good handling of short term deposits and available withdraws, you can get some percents just from good timing. Current low price of gold which will last fixed over the weekend is an opportunity to buy gold, to withdraw money from your HYIP balance. Wait for Monday or Tuesday and reinvest it. I expected that gold will go back up, first trends of rising were shown just at the end of a trading day.

Of course all HYIP are not suitable for such manipulation with gold prices, since they don't provide instant withdrawals. Very good HYIP to manipulate with gold price is without a doubt Privatefin, but also RTA online investment provides fast withdrawals.

Anyway, keep an eye on gold, I am constantly watching it despite my fiasco when I traded with gold on Forex market.


In chart you can see closed price for gold at 645.60. US $ is getting stronger last two days, but we can speculate to hit back 672.00 soon, and 660.00 in near future.

Interesting view on Forex trading

Recently I read a very intersting article on forex trading. It is exactly what was my experience in forest 7 months of trading. Even tough I am fully aware that 7 months means in trading that I was still a newbie, I spent a significant time online attached to Metatrader windows. Trying everything, from system to signals, from news to economic reports. And yes, I was doing small but steady profit which was giving me a reason to continue. Untill I did a fatal mistake, trying fight the trend without stop loss.

I hope, that my HYIP investments will go on well, so far is looking very good and I plan a comeback.

Oh, and I almost forgot to give you a link to that article:
Currency Trading Systems - The Fatal Mistake That Ensures Losses 95% of the Time.

Why I am out of Forex trading at the moment?

That's a question some of visitors of my blog are asking. There is simply not right time for me. One thing is e-Gold issue and second is that I spent all my equity in Forex account due to really bad mistake. Therefore I am 100% focused on HYIP and my target is to get extra $2000 from HYIP. That amount I'll transfer to my Forex broker.

I plan to wrote some Forex truths I've learned. When that will be, I am not sure. At the moment I am doing research on 2 other HYIP in my portfolio.

Generally I am very happy with my profit from portfolio.

Forex danger - trading with gold

Say no to gold.
For more then half year in the forex business I lost nearly $1000 of investment. What I learned from this lessons is, whatever you do, don't trade with gold. It is to risky and it can go up and down uncontrolled. Only trade currencies. But most of all, be sure to try demo with virtually money first!!!

Online broker is the key!
If you go for real money, don't spend in on bad forex online broker, which offers small minimal deposit, like $5 or something. Why? Most like it doesn't use meta trader client. And it have spread which will kill your profit.

Example of bad broker: Marketiva.
Examples of good brokers: NorthFinance - min. deposit $100 and Neuimex min deposit $250.