Tuesday, November 16, 2004
Forex Auto Trading
We are in a "soft launch" of our auto execution program for the NetPicks Forex Day Trading System. What we mean by that is you won't find it splashed all over our website just yet. There is considerable demand from our current subscribers so we are working through getting them all set-up. There is a choice of brokers as well to give you some options. One would be through Forex Capital Markets/FXCM and the other is through WorldCupAdvisor/Robbins Trading.
We wanted to post in here since we had promised we'd have details posted. Though we are continuing to do this soft launch those who subscribe now to the NetPicks Forex DayTrader can start the process (which is fairly quick and painless) of getting their account set-up and auto-traded.
So far in November our best performing markets are the EURUSD and GBPUSD. USDCHF has been closer to even while the USDJPY is coming in a bit negative -- especially when compared to how the EUR and GBP have been doing. So far it looks like a fairly common month and the results are coming in where we'd like to see them so far overall. We'll always be happy with more of course (!) but so far so good.
Keep in mind as always that trading Forex means you are trading a highly leveraged market. This means our returns can sometimes be choppy, you can lose money at times and have drawdowns. That's the nature of trading anything and Forex is not immune.
We'll keep you up to date on occassion here.
We wanted to post in here since we had promised we'd have details posted. Though we are continuing to do this soft launch those who subscribe now to the NetPicks Forex DayTrader can start the process (which is fairly quick and painless) of getting their account set-up and auto-traded.
So far in November our best performing markets are the EURUSD and GBPUSD. USDCHF has been closer to even while the USDJPY is coming in a bit negative -- especially when compared to how the EUR and GBP have been doing. So far it looks like a fairly common month and the results are coming in where we'd like to see them so far overall. We'll always be happy with more of course (!) but so far so good.
Keep in mind as always that trading Forex means you are trading a highly leveraged market. This means our returns can sometimes be choppy, you can lose money at times and have drawdowns. That's the nature of trading anything and Forex is not immune.
We'll keep you up to date on occassion here.
