I enrolled in Robots coarse$297 +trend trade bundle$27. I felt that the Finch robot was worth it. As I have paid people to build me a equivalent robot which has cost me $300. After purchase a few weeks goes bye and Robots coarse is advertised for $97 limited time. (urgh) I assumed after watching all his you-tube videos about the Finch robot, that it is profitable and assumed it was hands free (%100 Automated) but just like most trades or Robots there must be intervening to get the robot out of bad trades. I see some hope with the robot but its money is mostly made bye the bad trades when you need to add trades to average out all trades to break even or make money if you can stomach the stress to get your %5-%15 draw down back to profit. It worries me that this might just be another short lived marketing tool, and this honeymoon Finch style robot dies out, and something different will be advertised for sale.
The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair.
Most brokers also provide leverage. Many brokers in the U.S. provide leverage up to 50:1. Let's assume our trader uses 10:1 leverage on this transaction. If using 10:1 leverage the trader is not required to have $5,000 in their account, even though they are trading $5,000 worth of currency. They only need $500. As long as they have $500 and 10:1 leverage they can trade $5,000 worth of currency. If they utilize 20:1 leverage, they only need $250 in their account (because $250 * 20 = $5,000).
Modeled after successful motor clubs in Europe and the coastal United States, Houston Motor Club is not a car rental company or a “one-day driving experience”. Rather, we are a private, members-only club that exists for the sole purpose of affording our members with exclusive access to the club’s fleet of vehicles. It is an experience like no other.
Its such a shame to write a negative review as I actually think Rob is a nice guy... I like some of his non trading ideas a lot...eg Im now a lifetime subscriber to brain.fm thanks to one of his emails (which overall are great). Rob seems to be good at motivating people and in my opinion teaches correct mindset however his actual trades are terrible! I signed up for the booker report and without one word of a lie he had a 100% failure rate. Honestly ...every single trade went against him Whats really worrying is that he says things like 'Im buying Oil at $30 and Ill buy more at $25 and even more at $20 etc etc' because its a bargain...this is buy and hold investor thinking...not trading.
Unlike stock markets, which can trace their roots back centuries, the forex market as we understand it today is a truly new market. Of course, in its most basic sense - that of people converting one currency to another for financial advantage - forex has been around since nations began minting currencies. But the modern forex markets are a modern invention. After the accord at Bretton Woods in 1971, more major currencies were allowed to float freely against one another. The values of individual currencies vary, which has given rise to the need for foreign exchange services and trading.