At the recent 3 day conference Aussie Rob was selling a trading system that sounded very good and made some strong promises. A number of attendees purchased this trading software and i was wondering if they were having any success in understanding the system and if they were happy at this point with there purchase.scottsMember@scottsJoin Date: 2009Post Count: 63
have you tried google? there is a bit of chat going around about himscotts wrote:have you tried google? there is a bit of chat going around about him
Thanks for this Scott I have done this and it wasn't very flattering. That is why i was looking for someone who was more hands on and had bought the software etc, also someone that had a slim connection with being at the same Steve McKnight conference. ThanksmattnzParticipant@mattnzJoin Date: 2007Post Count: 574
I haven’t bought the software, but was at the conference and am an experienced trader. The presentation was all hype and little substance.
Of particular concern was no mention of the risks of trading and an expectation of continual profitability every month, especially in the follow up workshop.
The kind of strategies he was promoting can be obtained for free or for very low cost online.
He proposed that the green and red lines were demand and supply, but in markets like forex where I specialise, there is no demand and supply data recorded as there is no official exchange. They look suspiciously like moving averages.
I have seen people offering a lot more for a lot less money.
Thanks for your input Mattnz. As is obvious I don't have any experience as a trader so its easy to be sucked in by the hype. Can you make some suggestions as to where i might look for guidance about the low cost stategies you talked about and even info about markets such as forex or comodities.j900Participant@j900Join Date: 2008Post Count: 56
AussieRob's presentation was absolutely disgraceful. I'll go as far as saying the inclusion of it devalues the mega conference.
If you're not into speculation and stock picking but just want your fund to grow, I believe no system can help you trade with any more certainy of beating the index than buying the index itself. The fund managers have excellent resources and so called "systems", yet vast majority of them do not beat the index.
So I'd say if you can't be bothered with keeping yourself abreast with the market, simply buy an indexed fund or a few blue chips directly. This strategy is cheap and it's pretty much a buy-and-forget kind of investment.StevieCMember@steviecJoin Date: 2010Post Count: 5
I was also very concerned about the Aussie Rob thing because I'd also purchased his ETF package because of the comments on this forum. I rang Steve McKnight and he said that some people he knows who are buying properties gained their capital through using Aussie Rob's package and did very well. Of course, his presentation was far too glib and there are definite dangers. However, as long as a person follows the rules and has a very disciplined approach he should do well. I've decided not to return the package but give it a go.