I have come across this discusion before by @ngaatu and i was pleased to see that people are participating in telling the truth and help one another.I am a victim of the forex perfectionists who ended up eating my funds.I invested with a guy in Upperhill in january 2007 about $4000 which was their minimum.In the end after giving me 11% for 5 months a problem started when i was enquring my capital. I did know about forex but did not have time to trade. Let me warn everyone that dont be lied that there is a guaranteed return of high amount.

The guys in upperhill showed me their live accounts which were having good returns and showed me their automated trading system which had been perfect for almost 7 months(they got assistance from zulu trade).I was bamboozled but after what happened to me i came to knew the facts about it and have been it for almost 1 year now making a living but as @ngatia said ealier you need realistic perspective.You need to have skills and knowledge enough if you want to make it big,dont rely on sketchy information and assistance from good systems,the best system is your skills.

@passyson should not tell guys of his acrobatics,thats what other people fleece others.There is no perfect thing everytime it needs to revised to keep it updated,you may take 8 months but when the trading system collapse clients will only end up crying the 10% return.A person can even get 30% return but remaining investing is important.So @passyson tell your clients facts and clients beware of your capital with the guys who offer you big returns you may be given returns but your capital is depreciating.

@alala i am suprised you defending the guys who have been mentioned by that they are misusing funds of people and saying untill they are proved guilty,am feeling bitter as it seems you are conspiring with them and i was a victim.Do you know that people loose money and they have mortgages,wifes and children? You also defended mint capital who people complained of in SK and you knew about him,Jane Kendi and the other guy in royal fortune who ate up people money you also knew them,andrew njoroge also ate money,all of these people were in the Corrupt FDC i saw them in your website till now.And a notorious one who dont know anything about forex but using it as gambling is the Winners Choice at posta sacco plaza who many have complained but alala anasema is right??The "FDC" is just a bogus individual body whom 3/4 of so called board members are all implicated in corruption and alala is protecting corruption by caliming he does not know their operations.Its a shame. Alala also refuted that they had not opened an office in Mombasa last year as some guys were conned their.Why were they operating at mombasa last year as genius kenya,didnt you know?
I am one of the many out there who support those firms lying people to be ashamed and exposed and Genius is playing protector while people are conned,shame shame shame.

@ngaatu;continue telling us the facts and we will also support and cticize where possible.Dont spend time writing long texts sometimes they are boring!but we do support your initiative and there are many out there who are willing to invest in forex.Forex is good investment with nice returns but alala& co are just exploiting people who dont know.Please @ngaatu can you and others alike in this forum open a genuine self regulatory body as it seems you are giving a factual direction of the business,we are many who will participate in the forum and the body regulations.THis is a good investment messed up by a few who take ignorance of others and the new.At least we have confidence and people are now realizing the truth from the vichwa maji.

The only good financial market now is forex lets take advantage of it colleagues am living out of it comforatbly and i even left my work and i am getting thrice my salary!

HARD WORK,HARD WORK HARD WORK

@StephenAlala

Interesting trades you have - for every EURUSD trade you take an opposite trade on USDCHF. Care to share: Is this like a hedging trade?

@Kilabe...i honestly do not understand what you are ranting about in the name of my acrobatics...if i make money,i do...why would you want me to tell you all that you want to hear? Is it a bitter pill to swallow?

When i say i make money,that does not mean i never get into losing trades...I WOULD BE LYING if i said that but on a given day,i average profits.

I also do not understand what you mean by your trading system collapsing...never heard of it before. I only know that the signals always give you an idea of where the currency pairs are moving. The main problem of trading is more to do with GREED,HOPE and lack of money management.

I am not here to get any clients. If you read my earlier posts,you will understand that simple fact. When you also state that "your capital is depreciating",would you care to elaborate? The reason i am replying to this thread is to debunk any myth on forex trading. It's a relatively new concept in the Kenyan market therefore it's liable to have all sorts of bad and good reviews.

Forex trading is an EXTREMELY risky venture. It is not suited for every trader. All the same,it presents a great opportunity for investment. If it is not suited for you,just walk away (this is a general statement by the way).









Anyone who lives within their means suffers from a lack of imagination

So anyone out there.you guys have talked lots about forex investment for a new investor who wants to trade for themselves... are there colleges out there..? and if so please some one share their contacts.....???

money must be made coz at the end of the day it doesnt exist...!

@Tonicasert

Glad you paid attention to www.forexkenya.com/eds.htm. Exciting stuff - eh? You are very observant. for every EURUSD trade you take a contemporaneous USDCHF trade. I think the tehnical term is called arbitrage as we are simply buying the dollar in Switzerland and selling it in the Eurozone and vice versa depending on which market is pricing the dollar lower.

The trick in EDSAS is the close-and-reopen ratio of buys and shorts and the procedure for opening in order to maximise returns. If you do not master these you will fail

But the basic idea is arbitrage. So when the EURUSD is running into a loss,your USDCHF is running into an almost equal profit. Sometimes the overall P&L is negative and sometimes its positive. All you have to do is wait until it is a positive and a positive that is worth your while like say 40 pips and then you close BOTH positions at the same time. It takes an average of three days to swing from one end of the pricing spectrum to the other. Just like a pendulum.

I cannot tell you how stress-free this method of trading is. Forget the stop loss,forget the take profit,forget gambling on news,forget the idea that FX trading is stress-full. Forget sijui RSI,Scholastics,EMA,Bollinger - STOP! STOP! STOP! That's amatuer stuff.

Once you understand the EDSAS rules you can either manually trade your account or you can automate the trade so that even when you are sleeping your autotrader is watching whether your 40 pips has been hit so that it can close both positions simulatenously.

Genius,our firm must the the most experienced firm in FX trading in Kenya so take my word very seriously - wacha kujistress. Stop gambling (some call it speculation,others trading on fundamentals,others trading on technicals) Practice arbitrage - that's what big banks do. Societe General had authorised Kerviel to do only arbitrage. When he stopped doing arbitrage,he lost big.

Welcome,Tonicasert,to the fold of big time trading.

@Xnjambi and Kilabe - Keep it cool and collected. But be fair to everyone.