I went to the 4X Made Easy seminar here in Kansas City in July. I liked the idea behind the software, the "ease of use" and the "childish simplicity" of red and green arrows and crossing lines. I purchased the software like many of those in attendance that evening.
A week later I attended the 1 day training included in the purchase of the software. I had only 2 days of live use of the software because the original disc sent to me was defective. I received the replacement disc and started watching and paper trading for 2 days. I accepted the 6 disc training package when the 1 day training was over, and that seals your fate, you no longer can return the software.
I devoted uncountable hours trying to get a handle on this "easy" market, and after opening a mini account and trading real money, I saw just how "easy" my money had left my hands!!!
Not only the cost of the software, but $100 per month for the data to make the software work!!! I attended extra workshops, scanned the 4xmadeeasy web posts on Yahoo, read all forms of help-u-make-this-work notes and trading tactics for the software, all without any consistant success.
Reading their forum will show you in print that there are a selscted few who tout the value of the software. It will also show you in print that the software is: 1) Not easy or why would there need to be such a forum to help anyone use it, 2) not able to do short time frame trading successfully because the #1 agreed-upon trading method is called "Big Lights" because it uses much BIGGER time frames to give you signals to take as trade opportunities.
The software will show you as small a time frame as a 1 minute chart. Their instructional dvd set and their seminars tell you: you pick the time frame and the software tells you when to trade. But to hear their live daily talk show trainers teach the really good trading secrets, you should'nt even look at even a 10 minute chart because it is not a good signal to use. So what happened to the shorter timeframe I just bought the software to trade in??? You guessed it, NOT EASY!
I tried all sorts of things for almost 3 years. I made some good trades and more bad ones. I finally had to say uncle and stop the $100 per month data feed. I think I actually made enough to pay for the data feed 2 or 3 times in that almost 3 years. I'm not sure I can put into words the feeling of failure and disappointment that came over me the day I had to admit defeat!!! But I still trade a mini account in the Forex. I did some playing around with line charts and moving averages and I can get a close cousin of the charts.
There's likely no chance I'll ever see the first penny of refund from 4XMade Easy. But, I won't die from it. I hope I've learned a very expensive life-long lesson. If nothing else, I hope this whole experience comes rushing over me like Hericane Katrina if I ever feel the need to spend more than 50cents on something SOMEONE ELSE TELLS ME THAT I NEED!!!
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