Universal Market Trader Trading Blog
Watch Live Forex, Future and Stock Trading Results Using the UMT
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY FOREX TRADING ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN, IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL FOREX TRADING PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR FOREX TRADING PROGRAM
ONE OF THE LIMITATIONS OF HYPOTHETICAL FOREX TRADING PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL FOREX TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL FOREX TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL FOREX TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR FOREX TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL FOREX TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE FOREX MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC FOREX TRADING PROGRAM WHICH CAN NOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL FOREX TRADING PERFORMANCE RESULTS, AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL FOREX TRADING RESULTS
PAST RESULTS OF NETPICKS IS NOT INDICATIVE OF FUTURE PERFORMANCE. THE MONTHLY AND COMPOSITE ANNUAL RESULTS SHOULD BE VIEWED AS HYPOTHETICAL. IN REALITY, THE RESULTS DO NOT REPRESENT THE TRACK RECORD OF THE METHODOLOGY ORIGINATOR OR SUBSCRIBERS. THIS ALSO MEANS THERE IS NO GUARANTEE THAT ONE APPLYING THESE METHODOLOGIES WOULD HAVE THE SAME RESULTS AS POSTED. SINCE TRADING FOREX SUCCESSFULLY DEPENDS ON MANY ELEMENTS INCLUDING BUT NOT LIMITED TO A TRADING METHODOLOGY AND TRADER'S OWN PSYCHOLOGY, OUR WEB SITE DOES NOT MAKE ANY REPRESENTATION WHATSOEVER THAT THE ABOVE MENTIONED TRADING SYSTEMS MIGHT BE OR IS SUITABLE OR PROFITABLE FOR YOU
In addition, it’s important to understand and accept that there can be data outages and server failures. The brokers system might not be functional, the auto trading servers might have technical difficulties and there may be times where communication between accounts, the broker and the auto-trade program are not functioning properly. This can lead to greater risk. Forex markets also do not always guarantee exact fills. Periods of fast markets can cause greater degrees of slippage and less than ideal fills. There can be no guarantee that your account will always be able to enter and exit at the programs ideal entry or exit point.
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Hi. I have been looking at your recorded webinars over
Peter H | May 28, 2009Hi. I have been looking at your recorded webinars over the past six months and am seriously thinking of buying your strategy.
I have a couple of questions.
First, I will be trading with a limited account of $5,000.
What market would you recommend I trade? Incedently I am a newbie. Been trading sporadically for about one year with
inconsistant results, thus I feel it is time to align myself with one methodology, learn and just trade that one.
I live in London U.K. therefore I can trade the London and US sessions.
As for trading platforms, I am using metatrader. Is there any beneift to moving over to Tradestation? If so what are they?
Finally I will wish to paper trade UMT to start with, can I do this on Trade Station?
Thank you for taking the time to consider my questions.
Peter H
Our Reply: With $5K and in the location you indicate some of your choices, assuming you are discussing day trading would be: FTSE (for your local market – you’d need eSignal since Tradestation doesn’t provide that datafeed), Nasdaq e-Mini Futures, 10 Year Treasury Notes, Soybeans. Those are all good possibilities for your account size. In addition, Forex trading assuming you only trade minis with that sized account — and in most cases 1 or 2 at a time to keep the risk in the 2% level. Don’t be tempted by the max leverage allowed at forex brokers you’ll wipe out your account if you use it. Tradestation is a good choice in particular if you want choice between futures and forex. Realize with Metatrader it will be forex only, and there are no tick timeframes on forex which really are beneficial if you are thinking of daytrading. Thanks.
I'm a beginner also but knocked down 5500.00 with a
Cole Bene | July 26, 2009I’m a beginner also but knocked down 5500.00 with a 7000.00 account this week in two trade. I’m really into tech. anys. after the funds. help me choose what to watch and when. Alearts set them up it takes time but is well worth it. Go to the stocks you are thinking about and get on thre investers email list, press releases ect. Thats 70% of your fundamentals. Timing dont rush things unless you have to.