As you know I had a very bad experience with InterbankFX Forex Broker, in my opinion they scammed me and many other traders, and not only 1 time… If you want to trade seriously please avoid this Broker!!

Well, I like a lot the mt4 platform and although most of Brokers using it are only bucketshops (if I had a good amount of money I would change to an ECN broker) you will find that some of them can be more honest than others.

I spent many time searching and surfing Forums, websites, Blogs, etc to know about other mt4 brokers and I found Alpari to be the best in all comments. So I thought to open a demo and a real account with them. After probing the demo account before then I began to trade with the real account.

I am greatly surprised. The spreads are low (gbp/usd:3, eur/jpy:3, gbp/jpy:7…) and with all the volatility of these days I have not seen Alpari increasing the spreads or the server frozen/stopped and I am trading a lot in different hours!!

So in my experience until now Alpari is great.

The bad thing: they are only accepting bank transfers and so you must pay a high comission when you deposit (from your local Bank and then a little more from Alpari due to the Bank that they use). But they are thinking to accept debit/credit cards in the future.

I will keep you updated about this Broker.

I find very interesting this Forex website about fundamentals. They make an analysis telling you where institutions are putting their forex dollars, influence from stock market in currency pairs, fundamental strenght analysis, etc.

You should see the videos to understand this analysis but they are not difficult to understand. I like a lot the COT (Committment of Traders). Take a look and surf the entire web:

PfxGlobal website 

I know that many people into this program are thinking if they will be paid or not or if it´s only another scam.

I found an interesting article in Jude´s Investment Blog explaining why Global Pension Plan should work:

About Global Pension Plan 

Thanks for sharing Jude

It seems that reliable investment programs are dissapearing or moving to a new different venture. As you can read in my last post Infinity Shares is closing their doors too.

There are some problems now and many people are angry and waiting to be refunded by Dan (Life Holdings´ Admin) but he promises to refund all investors and moving to a different venture.

You can read some more information in Jude´s Forum:

http://nobsnetwork.net/specific-hyip-discussion/404-life-holdings.html

In his last words, Jude (who is in contact with Dan) posted this news:

The refunds for everyone will come.

I have yet to receive my wire, (no i haven’t pull out, just a small withdrawal for something very important at home), but I’ll update in due course.

Also, for those who doesn’t want to pull out of LH, there’s probably no chance for that. Your money will be refunded too, I’ve adviced Dan to do this for everyone.

He’ll come up with something new, legalized so that everyone can be reassured in case he screws up (like this time with the withdrawals and all)

If he pulls something, rest assure I’ll be on it.

It´s a pity that this program is going to close the doors, there are few reliable investment programs nowadays. I wish to this team good luck and my sincere congratulations for being so honest. They posted that they will refund all their investors and I trust in these words:

Dear members,

The last couple of months, the activity of trading from ISFIC was rather low and now it is time to come to the conclusion that we must close the program. First of all, I want to state no money has been lost and that certainly is not the reason for closing, everyone will receive the amount of cash in their account balance or as shares back.

The low amount of activity and the resulting closure of ISFIC has much to do with the decreased interest and time for trading. Both Christian’s and my schedule in real life has been so packed that there was barely time leftover to trade. The fact that my interests have moved over the last months from trading to other area’s, certainly did not help. There was only one conclusion left that could be made and that is closure.

I personally see ISFIC as a successful program, that ran good for 20 months with about 80% profit since the beginning, something not many online and offline ventures will repeat. More than 95% of our members are in good profits and that is what they will be paid out.

Now to arrange the practical side of this closure, I would like to ask everyone to sell their shares and withdraw their amount in the Cash Balance as soon as possible. I will process them all one by one, a timeframe will be given once I have an overview of the amount of cash needed. Special withdrawals can be asked by contacting me on Yahoo IM (leave a message) or by a support ticket. In case you won a contest prize, do send a support ticket including your name and the amount you want to withdraw, we will add the winnings to it.

The site of ISFIC will stay online till the end of January, then I will mail you all the address of a free hosted forum for those who still haven’t made their withdrawals, their you will still have to opportunity to withdraw your cash.

I want to thank you all for being a part of this project and giving us the opportunity to make it work, we had a good run and I hope we proved that honest programs do exist, and you do can make profits online!

Our best wishes for 2008 and may your dreams come true!!

The ISFIC Team
Stijn, Christian and Steven

I have never recommended you to buy a product through this Blog. But this time I think that this EA (Expert Advisory: an automatic program to trade in mt4/metatrader4 platform) could be useful to many people who´s trading in Forex. I am very happy with it and you can gain so much more than the cost of it. I have used it in a demo account during many months and now in a real account with great success.

First of all: you need to know the basics in Forex and you need to supervise your account, it is not a 100% automatic system.

Many people think that trading with an EA is very risky in Forex. I agree with this people if they use an EA automatically. I have probed a lot of EA,s and I am not satisfied with any of them, except this one.

Think in trading with an EA that will open your trades without your intervention, you only watch and in some circunstances you will need to stop it or close your position if you want, nothing more. But hey!… you are not trading 100% automatically because you must supervise your account and sometimes you will need to stop the EA when the market is chopping. Yes, you can use it automatically but it´s not recommended, you can lose a lot of money if you do that.

This EA will stop (hibernation) when you win your position, you can even set up the EA and leave it running always but it´s very risky, I wouldn´t do that.

With this EA “you don´t need to know if the price will go up or down”, and that´s why it´s great. You only need to know if the pair has enough room to reach the pips that you want to gain. Imagine the benefits if you can say goodbye to a hard analysis, surprises in news, etc.

That´s what I am probing now in a live account with great success after probing it some months in a demo account. I bought this EA 2 months ago and it´s based in a martingale system. Before using the EA you must calculate your risk with an excel template (included with this EA), it´s based in your leverage, the type of account, the necessary funds to trade… and then you can begin trading. You only need 1 pair to trade daily. Of course you can use more than 1 pair but the risk will be higher and you will need more funds in your Broker.

The possiblity to lose in all progressions is “minimum” and you can calculate with the template to lose for example 25% of your account in the worst of conditions, or the percentage of risk that you will be more confortable to trade. I know a veteran trader who is using this EA during 2 years without blowing his account and gaining a lot of money every month (he was trading normally many years and then he only used this EA. He is using it nowadays too as a full trader).

Many people lose in Forex because they think that they can predict where the price will go, but if you are really trading during some time you will know that this is almost impossible with 100% accuracy: Forex is impredictable and you need a good money management, a good risk-reward and being conservative if you want to survive.

Here is when this EA will help you a lot: you can forget to calculate if the price will go up or down.

There are some different strategies using this martingale system, but as I said before it´s not a blind or automatic system. Firstly you need to watch the price action and if the pair have more than 100 (or more) value of ADR (eur/jpy and gbp/jpy are great in this EA and these pairs will give you a great profit). Then, after checking the ADR with the included indicator you open your position when the price reach a support-resistance and when the market is not chopping. You will use 2 indicators to see these values easily (also included and very nice). In fact the EA includes more than 2 indicators but you will only need 2 of them: ADR and Trend & Range.

For example: I am using only eur/jpy (and sometimes gbp/jpy) with SL: 30 and TP:120. I use only 7 progressions maximum and I open a position in this pair when I see an ADR higher than 150, the price reaching a support-resistance and the market not chopping in many different timeframes. In this case with only $300 I am risking about 1% if my first position is closed (-30 pips in 400:1 with Alpari Broker, beginning the progression with 0,01 lot). I wish I had $3000 or $30.000 to use higher lots lol , and it´s easy to make $2 or more dollars daily (it would be $30-$40 monthly: 10% or more profit!!). Well, I am making more dollars daily

I don´t open more than 1 position at once, and my favorite is eur/jpy (it has only 3 pips spread in Alpari and it´s a very volatile pair). I can close this position before touching my TP (120 pips) and stop the EA if I see that I am for example with +50 pips and the price could reverse because it´s touching an important support-resistance in many timeframes and it´s my first progression, or the same case if I will gain a good profit closing this position even discounting the last closed positions in negative. I could leave the position running but that´s why this EA is not automatic and need your intervention. I find very difficult with eur/jpy losing -30 pips seven times in the same day. Test it manually and tell me what you think: when the price reach -30 pips the EA opens a reverse position. If the previous position was long now the EA opens a new position in short with a higher lot (0,02 in this example). Test it manually with the indications posted above (ADR, market not chopping, support-resistance). I am always gaining at the end. Of course you can use 24 progressions if you have enough money and you think it´s the best for you.

You can set up in this EA many values: the spread (not opening a position if the spread is higher than x, useful when there are important news), opening the position at some particular price or time (for example before London market if you want to risk without checking the ADR because before the opening of this Market the pairs move a lot and you are sleeping), the SL and TP, etc. If you lose your internet connection you won´t have any problem with the EA, or if you see the market chopping you can stop the EA and continue later (not opening new positions until you activate the EA again, so less progressions to reach your winning trade). You can also calculate which is the best risk for you with the excel template, very easy. You can also define the progressions to trade and the necessary money and risk with these progressions.

If you trade with a good amount of money you know that you can easily gain, it is “almost” impossible to blow your account if you follow the advices posted above and finally you will gain the position. If you could lose all the progressions because you traded blindly you know that you will only lose the percentage that you risked.

This EA is not free and when you buy it you will receive 1 EA with the number of your demo account and another EA with the number of your real account.

Yes, you will think that a martingale system is almost a suicide trading in Forex, but you are not trading blindly, you need to know a bit about Forex and stopping/closing/supervising the EA/position, as if you were trading normally, but this EA will make your trades more relaxed and will save your time: only watch the charts and the results from time to time. I must tell you that I am very happy and relaxed with it.

if you are interested in this EA email me and I will give you the details. I am not responsible in how you will use this EA. Many people could use it blindly and lose his/her money. That´s why you need to define your level of risk before.

You can ask me all your doubts about the use of this EA. It´s not my EA, I am only an intermediary but I think that it will be very useful to you.
Probe it in a demo account before trading live.

Take a look at the updates in Jude´s Forum and Blog about this ponzi if you think to recover your funds from it.

Starting from this blog entry, please comment on how much have you spent on Club-FX with your email contacts and I’ll add you to the list.

Either we get back our money or we’ll report everything to the relevant authorities where Peter Buchner is residing in.

You can read more in these links:

http://nobsnetwork.net/no-bullshit-hyip-blog/907-club-fx-recovery-plan.html

http://hyipblog.nobshyip.net/2007/05/23/club-fx-trader-recovery-plan/

http://hyipblog.nobshyip.net/2008/01/02/club-fx-recovery-plan-2/

If you were an investor scammed by the Admin of Fx-Experts (Marcos Matos) you will find his real documentation in Jude´s Blog, here is the link:

http://hyipblog.nobshyip.net/2007/09/29/fx-experts-matos-marcos-information/

I was also an investor in this program but I invested few money: about $250, and although compounding my money my balance was higher maybe it´s a waste of time to recover my money with this little amount.

I hope you can make what you consider necessary to retrieve your funds. I am tired of scammers yet.