An Email you may find useful

Here is an email I received today and my response. As you will see, this individual has some confusion with some of the different programs I follow here in this blog. Maybe this information will help you also.

Original email:

Merv,thanks for the information you send me.Honestly, I am confused now what step to tak.Whether ecurrency daytrading or forex.I can conveniently spend$50 for a training which i know will pay back.But which one should i undertake?i have a lot of people i can refer but what is the quarantee of consistent profitability.PLEASE ADVICE ME.Regards. (name withheld)

My Response:

Hello (name withheld),

Thanks for the email. I am always more than willing to help.

I will try to clear up some of the confusion.

First, I will address Forex Trading.... Are you aware that 90 to 95% of people who trade Forex lose their money? I have not seen a training package that is consistent!! I have been Trading for over 15 years and even I don't trade Forex. In my opinion there are just too many Geo-Political events that cause knee-jerk market swings.

Secondly, on Ecurrency. This is by far the most conservative approach. If you are working on very limited funds and don't mind waiting for your account to build, this may be the way to go. Please do not go out and buy one of those $50 e-book courses! They are incomplete and seldom updated with current info. With ecurrency, consistent updates is critical to maximizing your account. August 14 is the date for a major relaunch to the DxInOne System. I cannot over-emphasis the excitement and importance of this. I will add you to the list of folks who have asked me to keep them updated on the progress of the relaunch. It should promise to be very good. The talk is better returns and lower fees, and faster processing of exchanges. What could be better than that?

Finally, on DayTrading. As you may know by now, this is how I earn a large part of my living.
The Training package that you are being offered here is what I use daily. I have bought dozens of training packages totaling thousands of dollars, yet I have not found a simpler system to follow. The training package is not cheap at $1495 (although I have paid a lot more for inferior programs) but knowing what I know now, I would gladly pay much more for this program.

About your statement "guarantee of consistent profitability". None of these carry a guarantee of profit. It takes discipline and a strong conviction to follow the system to succeed. Anything short of that will spell disaster. The risk of loss is proportional to the return. If one cannot accept risk then they should also accept low returns. As is the case with any speculative investment...Only risk what you can afford to live without!

I will summarize the programs I am in:
Forex...I do not trade Forex
Ecurrency...Awaiting the launch of G2, This is LONG TERM
DayTrading...I actively trade everyday utilizing the program I recommend.

In closing I would like to say that ones descision to become involved in any of these ventures is more a personal qwest than anything else. Meaning, you must find something that interests you and dare I say passionate about. I am passionate about Day Trading therefore I keep at it, learning and investing in new and different concepts etc.

Thanks again for the email. I hope this clears up a few things for you. I hope you don't mind if I post your email and my response on my blog. Many others will find this summary helpful. I will remove your name etc.

Please feel free to contact me if you have further questions.

Best Regards

Merv Thompson


********** End of Email and Response ************

This is just one of many emails I have received on these ventures. If you have any specific questions or if there is something you would like to discuss please feel free to send your questions/comments to me at mailto:info@futures-brokers-review.com I will respond as quickly as possible (usually the same day)