The Secret, Forex and pyramids

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Is the newly launched Dubai chapter of My Private Trade (MPT) a pyramid-selling scam or is it the first baby steps into the brave, new world of Facebook-style Forex? 

I still don’t know. So last night I went to the second Dubai meeting of MPT at the Sofitel Hotel on JBR Walk.

It was a chance for all the people who had rushed to sign up at the launch over the weekend to learn more about how to actually use the platform and trade currency on it. The meeting was an hour long. Fifty two minutes were spent teaching us ways to convince friends and family to join up (it’s by signing up others that MPT members earn commission). Eight minutes were spent telling us how to actually trade currency on this platform.

The man giving the eight minute explanation summed up Forex as follows: “If you think the price is going to go up, buy. If you think it’s going to go down, sell. You won’t always get it right, sometimes you’ll lose but the trick is to win more often than you lose.”

Indeed. That would appear to be the key to profitable currency trading, but just how does one do that without tools such as a crystal ball?

To be fair though, he also said there was a Currency Trading Manual amongst the material that newly joined MPT members received. I still haven’t signed up so I haven’t seen that. Who knows, maybe it does hold the elusive key to being a successful currency trader (but if anyone would care to wager...).

Read more about Forex day trading systems on www.forex-tradingtraining.com