Friday, June 24, 2011

If you can't make something work yourself, it must be impossible. Sure.

So a guy who bought my book, Trajectory Forex, posted a brutally harsh and critical review claiming my method for identifying trends is bogus. What's worse, he asserts that everything in my book is otherwise out there and available for free on the Internet.

This is not only false but slanderous. Unfortunately, people are allowed to legally express opinions in blogs and posts like you can do on Amazon. The fortunate part of that right in the United States is that I can respond in places like here in my blog. I want to refrain from mentioning this fellow's name, but he's put it out there on his review on Amazon. I'd simply offer that I have e-mails from this guy from back when he purchased my FX Power Hedge methodology. A lot of people bought it...thousands. Only a couple people (literally a couple) claimed it would not work, and this guy was one of them.

The false conclusion this particular guy came to in that instance was the following: "If it doesn't work for me then it must be impossible for anyone." He couldn't figure out how to make FX Power Hedge work for him, so he gave up and got angry at me. Then, for whatever reason, he bought my second book, Trajectory Forex. I can only speculate that he bought the new book just so he could post a negative review on Amazon aimed at me personally.

The second series of false statements he makes in his Amazon post is that everything in my book is already on the Internet for free. This is a malicious false statement intended only to hinder sales of my book, which actually continue at a pretty good pace by the way. What's more, I am working via e-mail with a number of traders who are enjoying profitable success trading with Trajectory Forex. I'm glad to answer e-mails from people who buy the book and then want to trade Trajectory. I enjoy it, cause my life is otherwise sitting in front of a couple computers killing time between trading opportunities. Regardless, I have this one guy claiming everything in my book is already on the Internet for free. That's BS.

The fact is that I had to document that the content in my book was original intellectual property I created before publication. Amazon asks for it in writing before you can put your book on there for sale. It's also just a basic requirement of non-fiction literary work if you educate yourself on the topic. Absent original ownership of the intellectual property, you have to credit sources who might be quoted. My book, Trajectory Forex, presents a method for combining the trajectory of price movement with the velocity of movement via observation of select groups of time frames with varying priorities/meanings that I and others working with me on the book have not now and did not ever find anywhere else on the Internet. Trajectory Forex is a legitimately original and new method for identifying trends. I didn't swipe it from anyone else. I created this methodology myself. It's original. I resent the assertion made in that one individual's post on Amazon. I hereby demand an apology if the guy ever reads this post.

That review and its attacks on my integrity insult me. I have been successful in forex trading since 2006. I've written and published a book about how I do it, and I invest a pretty good amount of my time responding to people who e-mail me with questions. I have a legitimate interest in helping people succeed in forex, and this is largely because I was also the victim of several scams myself when I first started trading. I bought some EA's that didn't actually work. I've purchased a lot of EA's since that first one, and not one single EA works consistently over the long term. I've also paid for Technical Analysis training, and I've found it is flawed because it seeks to use historical data to predict the future...and that is impossible to do in our known universe.

As I detail in my book, the best you can do with ANY means of trend identification in order to create a positive trading opportunity is identify some level of "probability" relative to whether or not a trend will continue. There are no guarantees. There are no absolutes. Nothing can be predicted on heaven and Earth. That's openly stated in my book and actually an argument for the merits of my real time data-based trend identification methodology.

So, I'd just like to offer that if you purchase my book, why not write me an e-mail if you have an honest question and try to maintain a positive attitude while you practice the methodology. People who seek to find flaws in something will inevitably find them, even if they're imaginary. If you approach any endeavor with an attitude of doubt and expectation of failure, you will find that doubt and failure. However, if you approach a challenge with the attitude that you CAN succeed if you invest the time and hard work...then maybe success is within your scope of ability.

I'm really not so much interested in selling more copies of my book via this post. It sells at whatever pace it sells. I am satisfied that I put something honest out there which can help a lot of forex traders get past the scams and the BS so common in this industry. My goal was to hopefully see Trajectory Forex replace Technical Analysis as an honest, legitimate trend identification methodology. I don't believe in guessing or predicting. I deal exclusively in facts, data and data-based probabilities. That's all we have, and even with this highest level of data-based analysis, all you can do is analyze quantitative data and then make what is inevitably a qualitative (or subjective albeit educated) approximation of the statistical "probability" that a trend will continue.

So you then apply solid money management techniques. You never lose big. Keep tight stops when things go against your calculation of the probabilities. And you seek out those instances when the data correctly identifies a trend that continues in real time. I have found, and other traders are telling me, that the success rate relative to identifying higher versus lower probability trends gets better over time. But that's also a matter of the individual trader's dedication and ability to analyze the data. No one does the trading for you. You have to work at it yourself. You have to identify your own trading opportunities. Trajectory Forex is merely a methodology that one can apply. Your individual execution of the methodology will determine success or failure.Your commitment to achieve success will determine whether you toss it aside after a week of mixed results, or you stick with it until you find yourself winning a lot more than you lose.

It's painfully simple in some regards. More importantly, it's original. I'm open to all kinds of criticism. Trajectory Forex is clearly something within the skill set of a lot of people and, I'm sure, beyond the abilities of others. That's just human reality. But I greatly resent anyone who uses their right to free speech just to make false accusations that my work is plagiarism. The methodology is not all out there on the Internet for free.

What definitely is on the Internet for free is a pretty large set of charts and graphs anyone can download no charge on my personal website: www.TrajectoryForex.com. That free pdf download is there for two reasons: people with the Kindle version may or may not be able to see the charts clearly, and I also hope to share a little information with beginners seeking to learn. The results in those charts and graphs, however, are all 100% accurate from actual trading activity. Nothing is created falsely in photoshop or any other manipulated data. It's a collection of real results I've achieved. (But yes, based on legal advice, there is a big, huge disclaimer at the end of my book. I have to protect myself. That's fundamental.)

I'm sorry for the rant here to some extent. That dude's one negative and false review on Amazon really insulted me, so I avoided responding for about a month. Still angry now after weeks, I decided to post this and get my feelings off my chest. So there you go.

Listen, forex is not a negative thing. It's a wonderful marketplace, and a great source of opportunity. It saddens me when people seek to go negative. It's like politics in America today. Everything's about attacking people and making as many negative assertions as possible...often with no regard for truth. I am not naive, but I just don't get what people find rewarding about trying to tear down another person or their work. Having traded forex since 2006 and invested countless hours working with traders who get into my methodologies via  e-mail inquiries, and seeing a lot of those people achieve success, it hurts my spirit as a human being when someone is so negative and goes so far as to insult my integrity with an accusation of plagiarism.

I'm genuinely sorry this guy is so angry with me. At the same time, I can offer only one suggestion relative to his failure to succeed in forex. Look in the mirror. If you bought my book, read it, and practiced the methodology as detailed, then the mirror is the only place you will see the reason you failed.