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I'm Back!

I'm back!! Well sort of. Let me explain:

I ended my Journey with Maverick in November 2010. It was largely due to financial constraints. I did get a promotion(and just received another one) but I have largely just demo traded or studied the market passively. I've gotten a couple emails the last 2 years asking for a final opinion on Maverick. I didn't respond to any until recently. This is what I wrote:

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Every once in a while I get an email like yours and typically I haven't responded for one reason or another, but considering people are still coming across my blog and asking me questions, I figure I should probably help people out.

It has been a while now since I was with Maverick so some things have probably changed(hopefully for the better).  They were great about teaching the basics of trading, some very simple chart patterns and indicators that can help you be successful.  I was involved in Maverick at a time when I was desperately looking to generate additional income.  Lucky for me, I got a promotion at my job and decided it wasn't needed, which is why I left.

There were a couple things I didn't like about Maverick, namely their IT was not up to par and sometimes they would place trades and notify you via text/email, but then those trades wouldn't be included in the weekly recap, which I didn't like(since they were losses that didn't show up).  They also trade pretty much all pairs, and the hard thing about the pairs is they all have unique identities and tendencies and it can be a little overwhelming to someone who is just starting out.  

I think Maverick gives a great base knowledge and if you have the time and patience, I think you can be successful.  It is in your best interest, though, to go hardcore or don't bother because with that monthly fee involved, you don't want to putz around with it.  Part of the problem I had was I joined in the summer, not really knowing at the time that summer is not a good time.  You're in pretty liquid times right now so it would be a good time from the market perspective.  

I am still involved in Forex, I have money in a managed account.  I have continued to have an interest in trading, but I don't have the time with a husband, 2 jobs, and 2 side jobs to also do trading.  Having said that, I frequently take a look at charts and use my knowledge from Maverick to place trades in my head or identify trades.  I have watched GBP/USD almost exclusively since March and have learned a LOT about just that pair alone from following it.  In January I will have significantly more time on my hands so I might dabble a bit in trading again on my own.

So would I recommend Maverick? Yes, I think they are good guys and totally legit which is the main thing people worry about.  BUT, with the enrollment fee + monthly fee + the 2k you will need when you eventually start trading their money, you have to look at the long term cost.  I learned a lot, but you could really approach it as a training system to learn basics, then branch out on your own instead of trying to trade for the firm.  It all depends on the amount of success you can have and being able to control emotions.

For the total amount you're looking at spending, you could just get yourself a managed account and have a lot less stress and much more sleep.  But that's just my opinion.  If it's something you are interested in, I know a couple out there that are decent(I have no financial relationship to them either)  Right now I have a full time IT job, part time job at Disney, a husband(that's more work than the other 2 jobs LOL), I write for the DISunplugged.com website, and I'm an Independent Associate for Legal Shield(http://www.worryfreeplan.info) so I couldn't see having the time to trade, but if you have the time, all the power to ya!

I hope that helps, if you have any other questions let me know.  For some reason my eioprofits account was blocked and when I tried to make a new post, I discovered it got flagged by Google for some reason.  They clearly have unlocked it so perhaps I will make a new post to give an update to people.  

That pretty much sums it up. I am stuck in long trades with my trader and will be getting out of that trader when the trades close. I will re-evaluate at that time if I am going to stick with forex at all or if I'm going to move to another managed forex fund. It'll depend on circumstances at the time I think. I am hoping to be out within a month.

I will also be transitioning this blog into discussions about network marketing, Legal Shield, and lead generation. This is a topic of heavy interest for many people and is a great business model for people looking to make extra income online or at home. This post is long enough so I'll save it for next time.