just a quick one to keep everyone updated on what’s happening or what’s keeping me pretty busy these days…

27th April 2009 : Mark your calendars…  :O)

in mid-March 2009, a reader of this blog introduced me to a fine gentleman who is currently based out of Hong Kong, the “financial hub” of the eastern world… the other one being sunny Singapore :O)

pioneering forex trade automation back in 2001, the company that he co-founded with a few other partners brought a new way of trading to the world.  actually, that’s about the same time MetaQuotes Software Corp released their first trading platform that allowed automation.

A Different Approach to Automated Forex Trading

it’s obvious now that MetaTrader is clearly the industry’s leader,  but these 2 companies took different routes.  MetaQuotes conquered the retail market, but this company went for the institutions and fund houses.  it’s only recently that they started offering their services to retail traders like you and me.

instead of providing blackbox EAs or the platform for them, this company focused on harnessing the benefits and power of algorithmic trading, and backing it up with professional traders and expert system developers, 24hrs a day. it’s like a hybrid between EAs and Managed Accounts.

i’ve spoken to him a few times already and have also attended one of his very informative webinars.  that said, i am pleased to announce that i’ve managed to book a time slot with him and will be running an exclusive webinar just for my blog members on 27th April 2009.

An EXCLUSIVE webinar not to be missed!

webinar details and registration link will be sent out within the next 24 hours.

if you would like to attend this webinar to find out more, please make sure that you are in my mailing list. simply fill up your name/email below and join me and the other 1600+ on this journey.

i’m already invested, and i’m sure you will find this webinar very interesting and enjoyably informative.  see you on the 27th! :O)

IMPORTANT UPDATE :

Due to the intended interactive nature of the webinar, we have decided to limit the capacity of the webinar to just 100 seats.  This is to ensure that the Q&A session at the end of the webinar is effective.  The speaker will endeavor to reply to ALL questions raised.  Sorry for any inconvenience that this may cause.  Webinar link will be sent out in the next few hours.  - ck

PS : i apologize if i’ve not replied to your emails or FaceBook messages lately. however, if you leave a comment on this blog, i will endeavor to reply to every single one as soon as i can. just click on the “comment” link below to leave a message.

just in case you are wondering, this post is not about PIPforia :O)

A Glimpse of Hope

something’s been brewing for about 5 months now.  it all started with a gentlemen showing me an account that doubled within a month.  it intrigued me and we discussed about the possibility of commercializing it.  that’s about the time i sent out a private message to all my subscribers (then about 1350+), asking if anyone would be interested in a system that could generate 80% to 100% per month.  well… needless to say, the excitement did not last long.  the system was excellent in the beginning, but started to have difficulty making new equity highs from the 2nd month on.

of the 1350+ blog subscribers that got my private message, about 470 people responded with interest.  who wouldn’t??!!  even at 20% a month, the EA would be selling like hotcakes (in my opinion).

then it dawned on me!  this blog is titled “Finding the Best Forex Expert Advisor”.  it’s been running for more than 20 months already.  readership wise, i now have 1557 subscribers / EA enthusiasts in my mailing list, 1388 members in my FaceBook group, and 603 members in my MeetUp group.  everyone’s looking for it… but no one (as far as i know) has found one yet (PIPforia’s HGM does not count since it’s more like a tool rather than a 100% fully automated expert advisor).

there has been recent big launches like FapTurbo, MegaDroid, GOmega, etc etc… with very slick and professional looking selling pitches.  they are getting so convincing (because they are marketed by professionals) that their stuff are selling like crazy even without showing (in true 100% transparency) a LIVE “real money” MT4 statement!  it just did not make sense to me at all.  showing LIVE account statements are very easy to do with the MT4 publisher feature, HTML statements and investor read-only passwords.  however most sellers are still not able to show their LIVE trading accounts without holding back something.

The DEMAND and SUPPLY Mismatch

looking at the situation from a higher level, it’s obvious that there is a rapidly growing population of investors/traders looking for truly genuine and profitable expert advisors.  at the same time, there is a constant chain of expert advisors being released into the market place, all claiming that they are highly profitable.  however, there’s a very disturbing fact in this DEMAND and SUPPLY picture.

ideally, the supply should meet the demand and an equilibrium should be formed.  buyers and sellers should both be happy, but that’s not the case.  what’s being created by the this unique case of demand and supply is a VACUUM… one that’s building up gradually… the pressure getting more and more unbearable each day.  it’s getting uncomfortable… and many people are getting frustrated.  i’m getting frustrated and tired too.  aren’t you?

A New Direction

it was in Jan 2009 when it struck me.  why search and evaluate commercially available EAs?  there are already countless EA review sites these days.  i then made a decision that i no longer wanted to be on the DEMAND side of the equation since i can’t control the quality of the SUPPLY.  so the journey began… (more about my journey on the next post)

PS :if you would like to receive timely updates on what’s happening on this blog (and in my endeavors), do consider joining my mailing list by filling up the fields below.  your privacy is my priority… and i guarantee you that i’m not one of those who sends out “offers” after “offers” to make you buy something.

NB : this new journey has kept me really busy for the last 4-5 months.  i apologize if i’ve not replied to your emails or FaceBook messages lately.  however, if you leave a comment on this blog, i will endeavour to reply to every single one as soon as i can.  just click on the “comment” link below to leave a message.