Trading Oracle

Always be wary of any so-called gurus on the Internet who are trying to sell you systems that will purportedly make you a ton of money. There are a ton of snake oil salesmen out there who promote terrible products with sounds-too-good-to-be-true advertisements replete with fake testimonials, attempting to prey on inexperienced traders who are looking to get rich quick. That's a whole business in itself. It's unethical, but you just have to keep your eyes open.

I learned early on that the best way to learn to trade successfully is to put in old-fashioned hard work and forge a strategy that works best for your own personality. I don't keep tabs on signal services, which are becoming increasingly popular these days. Perhaps there are some good ones out there who have a track record of long-term success, but I have no idea.

Regarding Oracle Trader, you can read the reviews on Forex Peace Army (link below). They don't look very favorable. Many brokers and trading-related products are reviewed on there. Even then, scam artists often create false reviews to enhance the image of whatever they're trying to sell.

http://www.forexpeacearmy.com/public/review/oracletrader.net

The best type of educational tools out there aren't necessarily products that people attempt to sell to you. I've personally never spent a penny on trading products or software. Finding educational sources that attempt to SHOW you how to trade and teach you to become a better trader are infinitely better than a get-rich-quick product, which is basically 100% of the time a total sham.

I have a blog on binaryoptions.net (under my username mifune), as do other traders, that show actual trade set-ups and offer strategy tips. But at the end of the day, I can't promise to anyone that they'll ever make a dime as a trader. It all boils down to mastering the mental side of trading, adhering to strong money management (i.e., keeping risk low), and applying a strategy that works over and over again.

Sunnypeaks said:

Thank you for your advise! From what I've read the Oracle Trader offers one thing but then changes information midstream so it's all pretty much laughable. I do agree that the knowledge obtained by other sources is so much better. To your continued success!

Thank you. And yes, it's always in your best interests to avoid these products altogether. Exceedingly few are legitimate.