EZ Color Trading - Article - wgreenie | Trading Reviews and Vendors


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EZ Color Trading - Article - wgreenie

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I was having certain .. reactions while reading through it with sentences like...

Yes, I was scratching my head:

"Her service is ideally suited to retirees looking for a part-time income", followed by "Most of her subscribers are veteran traders, with at least five years experience in the markets". Hmm, isn't that a contradiction?

I cringe a bit thinking of any retired person getting into the markets and trading their own account using "red to green" and "buy here, sell here" type indicator systems. It actually turns my stomach, because most of them will lose some of their hard earned retirement funds and they have no clue that they shouldn't just take what is posted on a website at face value, especially when it seems to be coming from a well-intentioned person. I cringe too when some traders say they are trading to pay for their kids college education. Most will do more harm than good....

So what upsets me is just how the whole industry pitches these systems as this "easy" system to follow, just for a few extra dollars on the side or part-time... not singling out Beth but she is right there with the rest of them... where is all the huge text that says "No system will make you profitable", and "You can't take every signal", and "You can't expect to follow this and make money". That is what the website should say, if you are truly trying to sell it to people as a "filter" -- people that are "veteran traders" that know how to use it as an alert and nothing more. But no, the website doesn't say anything like that.

There are some (few) vendors out there who do post such disclaimers. But most of them don't, because they can make so much more money glossing over those facts.

"The EZ system is designed to make your life easier.

All green/aqua Go Long
All red/magenta Go Short

Upon entry, the system will accompany you until you close your trade. It will provide the guidance to stay in or alert you with warning(s) for an early exit."

This type of wording just gets to me. That is part of why I stopped accepting custom programming jobs. I couldn't get through to people that there is no such thing as an easy fix or a way to just generate income "on the side", while they sleep or while they are away. It's a pipe dream. People create systems to follow them. And they buy systems to follow them. The systems lose money. The people lose money.

Mike

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