Not only is this person benefiting off somebody Bednarik’s reputation, but he is also damaging it: Bednarik doesn’t sell signals. So if you are approached with such an offer, you should know it is a scam.

There are tons of forex signal providers that are successful only on demo accounts, some of them just modify existing open-source EAs, make small modifications and sell them, sometimes for hundreds of dollars per month.

Mobile4X was developed by Peter Blaikie, who wanted to relieve forex traders of their habit to attach their nose to the screen, as most traders also have a day job and everyday life. Back in 2007, he began developing this system, which is not signal based.

Hello All,

Currensee is continuing to develop and is now offering such successful traders to be followed by others and to enjoy additional income. Here’s a quote from their enrollment page:

• Adam Kritzer explains why central banks have an interest to keep the US dollar strong, and how they operate about this.
• Macro Man dives into the wording of central banks and their statements this week, and discusses the differences in an amusing article.
• Larry Greenberg analyzes the recent decision by the European Central Bank, which was disregarded by many traders.
• Mark Thomas, on Casey Stubbs’ site, advocates to take forex trading seriously and master it, not play with it.
• James Chen explains everything about price oscillator divergences. Sounds Greek to you? You’ll understand after reading James’ piece.
• James W, in another technical article, talks about how to trade RSI and MACD divergence.
• Michael Greenberg reports that Saxo Bank has acquired a software company in order to step up their platform development. The forex software market is always busy.
• Jay Norris talks about how a big move affects different currencies in different waves, and shows that this data is very valuable for identifying market weakness and market strength.
• Tim Barnby is back, and he provides some insight about forex signal providers.

That’s it for now. Have a great weekend!

In the Forex market, trading is in currency pairs – which means that when a currency weakens, it loses ground to another currency. So, there’s always a currency that goes up.

In the first post, he explains about using the Turtles system for getting signals and creating trades. His first version of the software received lots of comments, in a discussion that went on for three pages.

Using only numbers for making decisions is controversial, but has a serious reputation. Some people use only technical analysis, others only fundamental, and many many forex traders take both into consideration.