The more popular something becomes, the more it must appeal to the lowest common denominator. When I first started working as a broker, people were deadly serious about it. Most of them dressed like bankers, in three-piece suits. They studied charts and earning reports on a daily basis.

Then the dot.com bubble came along and the salesmen came in. They started marketing these new trading systems and tools to the average American. Now, there’s nothing wrong with that, per se. But really, what good is a tool if you don’t know how to use it? That is where most of these products fall short. They don’t have any interest in seeing everyday investors actually succeed.

Then I heard about an Elemental Trader scam. It was the early diatribes and philippics that attracted me to the product at first. They seemed so contrived and orchestrated that I just had to find out about the Elemental Trader scam on my own.

Now I know what they were railing against. It wasn’t an inferior product, it was a superior one. Their competitors were simply jealous that the Elemental Trader offered consumers something new, something they had never seen before.

If you have ever purchased a trading system or program online, you probably know the score. They are often advertised as get-rich-quick schemes that any fool can use. The only problem is that they don’t tell customers how to use them.

The most popular software program that is used in the forex market (foreign exchange for short) is called pattern recognition software. It relies on technical analysis to detect buying opportunities and emerging trends. In the opinion of most seasoned traders, it really does work. But again, it is only a tool.

What the Elemental Trader program provides that nearly every other trading tool ignores is the importance of personal trading plans. Not every investor is the same. Some of them invest for the long haul, while others can afford to take on greater risk by investing from day to day. Elemental Trader accommodates all investors. But it focuses most acutely on the new investor.

What does a new investor need to succeed? For starters, he needs a plan. Investing in the forex market takes planning and discipline. With the help of the program’s six-part tutorial, new traders can create their very own personal trading plan.

What about the Elemental Trading scam? I can’t speak for other people. But what I can say unequivocally is that this program is something new, something special. I never bought into the whole get-rich-quick idea of investing. I knew from the start that traders make money because they put in long hours and don’t follow the crowd.

Forex trading takes an awful lot of work. Currency markets are almost always open, which means that you must do hours of research. Even as a part-time investor, I follow the forex market for at least a few hours each day. When I finally do trade, I make sure that it meets the rather rigid criteria of my personal trading plan. The good news is that I’m finally making money.

Article Source: sooperarticles.com/finance-articles/currency-trading-articles/elemental-trader-scam-ridiculous-252836.html

About Author:

The ElementalTrader service is hitting the streets in January of 2011. Only a limited number of traders will be allowed to take part each month, and demand will be high. “Those who are able to come on board with us will find that they being trading with discipline, responsibility, and will have a lot of fun in the process, because no in-depth technical analysis skills are required with this strategy” says Pass.Author: Freddie Rocha