Meet Joseph Nemeth.
Ever since my college days at The University of Alberta in Edmonton, Canada, in the mid 1980's, I have been fascinated by the financial markets - their sheer size, their sophistication, and their enormous potential for wealth creation. The mere thought of being able to create unlimited wealth almost out of nothingness, just by simply knowing how and where to place one's investment capital, had totally "invaded" my mind and has held me captive ever since. Think about it: having the ability to generate income from virtually "thin air", without much physical work, would be a dream career for anyone, not to mention the financial freedom resulting from learning and possessing such a skill.
So after a few years at school, majoring in mathematics with a minor in then newly emerging field of computer science, I aspired to learn everything about investments, financial services, stocks, bonds, commodities, banking, even insurance and annuities - anything that I could get my hands on. and in 1987, at the ripe age of 22, I began investing in Mutual Funds. It did not take long, however (a couple of years or so), for me to rationalize that I'd be probably better off selecting my own stocks, for my own investment account, and get better results than the measly 8%-12% annual returns, which I was getting at the time. Plus, I would not be paying any management fees to anyone. Hence reading the Wall Street Journal and the Financial Times quickly became an essential part of my daily routine.
I remember the early days of my trading career, as I laboriously charted weekly price movements of the stocks I wanted to trade, by hand, in an effort to identify the best entry and exit points. (Buy low, sell high.) In a few short years, however, I was replacing my weekly charts with daily charts, half-day charts, and later on even intra-day charts, as the new emerging internet technologies made availability of faster and faster price data more accessible. Additionally, by the mid 1990's, trading as we then knew it was beginning to change from primarily fundamental to largely technical, where the proliferation of newly created computer based "technical indicators" was beginning to create self-fulfilling prophesies for many of the capital markets and their underlying stocks and commodities.
From the mid to the late 1990's (including the turn of the Century) the markets saw an explosion of new computer programs, indicators and trading tools, each one promising to be the next "Holy Grail" and the road to financial freedom. Trading, particularly in equities, was suddenly becoming a lot more volatile, and therefore a lot more chaotic. In order to survive, one needed to adapt, and adapt quickly.
Years 2000 and 2001 saw the Nasdaq crash and the collapse of the Hi-Tech markets, also known as the "bursting of the Dot bubble". Why did the bubble burst? Because it is not possible to fundamentally justify and support stocks with huge price to earnings ratio of more than say 20 to 1. Yet during the "dot bubble", 100 to 1, or even 200 to 1, valuations were not all that uncommon. How do you trade a stock with less than a $1 per share in earnings at a $200 per share price? Short it, right? All common sense would say that, yet the mass frenzy was driving these stocks up and up, and even the most "respected" and trusted Wall Street analysts were issuing "buy" recommendations. It was just crazy!
The "Dot Bubble" and the Stock Market's subsequent collapse wiped out most equity day-traders, including myself. In my case however, it was just really bad timing, because I did short many of the over-valued stocks (incl. Yahoo 150, SDLI 250, JDSU 120), but I got "margin called," as the market kept irrationally going up higher and higher, while the so-called financial "experts" were still issuing BUY calls. Today, many of these "high-flyers" no longer exist, while the ones that survived are trading at mere fractions of what they once used to. It was somewhat disheartening for me to realize that my investment philosophy and fundamentals were correct all along, and should've made me wealthy beyond my dreams, yet instead - I lost millions! Today, in hindsight, I look at this adversity as a blessing in disguise - a sort of "everything happens for a reason" type of an event - because it launched me on my current career path.
The market crash pointed out other flaws of the equities markets. With companies like Enron, HealthSouth, WorldCom, and others, where the top company executives were (and many still are) "cooking the books" in order to get their stock prices up, it is not only difficult, but virtually impossible for an average investor to objectively evaluate the company for investment purposes. Transparency is only wishful thinking.
So after these painful and expensive learning experiences, at the end of 2001, I made a promise to myself that I would NEVER trade or invest in stocks (equities) or their derivatives ever again - you just NEVER know who is going to be the next Enron! There was something else for me to consider, which makes trading stocks unpredictable. Let's say that a company like DELL issues a bad earnings report. Alright, but why should the shares of a completely different and unrelated company, like Hewlett Packard (HP) for example, be negatively affected, in spite of HP's own stellar earnings? Because of industry association? That logic has never really made much sense to me, further enforcing my feeling that trading stocks has lately resembled more gambling or shooting in the dark, than investing. In FOREX, on the other hand, if there is an event that affects a specific currency, other currencies will be affected as well, but only because there is a precisely defined and mathematically calculable relationship between other cross currency pairs. Nothing else! FOREX does make a lot more sense.
In early 2002 I started looking into FOREX. Naturally, I wanted to know everything about it. I bought every book, trading course, DVD, and trading software I could get my hands on, and discovered that trading foreign currencies was, in principle, the same as trading equities. You go LONG if you think the currency is going up, and SHORT if you think the currency is going down, with no uptick rule, as in US stocks. Additionally, "trending" seemed rather prevalent for most currencies. Again, everything made a lot of sense.
I opened my first FOREX trading account in the summer of 2002 and quickly realized that I was the worst FOREX trader alive! If I'd go LONG, the market would immediately turn around and go down, and I would get stopped out. If I'd go SHORT, the market would go up, and again, I would get stopped out. It was unbelievable! It seemed like no matter which way I traded, if you had stood behind me looking over my shoulder and traded exactly the opposite of me, you would have made a fortune! I almost completely wiped out my entire trading account, my wife had filed for divorce (and successfully proceeded with it), when all of a sudden, by a sheer accident, my luck had finally changed.
One night, I simply forgot to place "stops" on my trades - and I actually MADE MONEY, when I would have otherwise been "stopped out." So by sheer accident, I discovered that the #1 RULE in FOREX trading "Never Ever Trade without a Stop-Loss" is actually designed to benefit the BROKERS and the MARKET MAKERS who are on the opposite side of your trade! I have never used "stop losses" in my FOREX trading since - and I have never looked back! In fact, by NOT using "stop-losses," I began experiencing extraordinary results. Shorty thereafter, I combined my "No Stop-Loss" approach with my "HEDGING" strategy and the rest is history. My "hedging" strategy was based on a simple premise that 1.) regardless of the prevailing trend, I would never try to pretend I knew which direction the market would go. and 2.) if the market would go against me, I would NOT close the losing trade, but instead, immediately open a trade in the opposite direction.
Now the BROKER might look at this as me closing out the previous (losing) trade by pairing the two trades out. But I would actually keep them VIRTUALLY OPEN in my mind, or on "paper." Then, after the market would make a significant move in either direction, one of the trades would naturally be a winner, while the other one a loser. So what's the point, you might ask. Don't the two trades wash each other out? Absolutely not! Because I would first close out the "virtual winner" and then, after the market would turn, I'd close out the "loser," after even only a partial retracement - for a total aggregate WIN, i. e. combined profit. I actually figured out MATHEMATICALLY how to turn a losing trade into a profitable one, Hence my "No Loss" trading strategy was born.
As I began experiencing more and more success trading my own account, the obvious materialistic enhancements to my lifestyle did not go unnoticed. Soon, my close friends began asking me to trade their FOREX accounts for them. Things began to accelerate, and as others shared their successful trading experiences with their friends and so on, I found myself helping literally hundreds of people manage their FOREX accounts. By 2006, I was averaging over 60% in annual profits for the past three years, trading for over 1,500 "friends." Naturally, my Global Profit Associates (GPA) partnership was getting difficult to manage and all of this work was making me feel "burned out".
By this time I was already working with my team of software engineers and technological geniuses, including Global Profit's Chief Technology Officer Jozef Slavik on creating a fully automated computer trading platform that would do automatically everything (and much more) that I was doing manually (while spending 18 hours a day, 5 days a week, in front of a computer screen), but without the need of me being there. This way, anybody could successfully trade for themselves. The only challenge was to replicate my brain, in other words, flawlessly build a software program that would completely automate the entire trading process, following my trading rules and my profit strategies, by automatically opening and closing all trades 24 hours a day, every trading day of the year, without the need for any additional human input, once the initial trading parameters were set.
The project started in 2004 and quickly evolved into much more than my basic hedging strategy. Today, more than 50,000 man hours of programming, technical analysis, live testing, and experimental trading later. after 80,000 lines of programming code. over 200,000 hours of demo testing - and more than 17,000,000 USD in total costs to date "The "4X-DAT™" is, in my opinion, the most sophisticated and the most complete, fully automated stand-alone personal FOREX trading software in the world.
It is completely customizable with unlimited number of possible set-ups for both trending and range-bound markets, various levels of risk tolerance, and profit targets. It can trade SIMULTANEOUSLY, an unlimited number of currency pairs, manage an unlimited number of individual trades and an unlimited number of trading strategies. It independently tracks each individual trade, while constantly monitoring all markets 24 hours a day, every trading day of the year. It performs hundreds of calculations every minute, never sleeps, doesn't let emotions get in its way, and executes every trade with unparalleled accuracy, without hesitation or procrastination, in a way impossible for any human being."
I invite you to check out this amazing piece of technology for FREE - with free access to our live strategies that are trading in real-time, so you can see for yourself the true effectiveness of this software. Only then, after you are 100% confident that The 4X-DAT™ can enhance your trading experience, should you begin to trade a live account.
People say that there is no "Holy Grail," but, I believe that this is as close as anyone has ever come! I wish you the very best of success on your way to discover your own true FOREX trading potential, the realization of your personal, financial and life-long dreams with the help of this amazing technology. and the freedom and excitement of being a successful FOREX trader!
- Joseph T. Nemeth.
The Secrets of My Success.
Sadly, there is an epidemic of failure in the trading community. We at 4X-DAT™ seek to remedy that, even if it means giving away the very secrets that are the foundation of our strategies. We want to show you a better way to trade! The following videos will give you trading tools like nothing you've ever seen and these tools have the power to vastly improve your trading, even if you decide not to use our software. Enjoy!
Risk Disclosure: Trading off-exchange foreign currencies on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Be aware of all risks associated with foreign exchange trading. Past performance is not necessarily indicative of future results. Seek advice from an independent financial advisor if you have any doubts.
Notice to U. S. Residents - At this time, the 4X-DAT™ software is not available to residents of the United States.
Notice to U. S. Residents - At this time, the 4X-DATв„ў software is not available to residents of the United States.
Risk Disclosure: Trading off-exchange foreign currencies on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Be aware of all risks associated with foreign exchange trading. Past performance is not necessarily indicative of future results. Seek advice from an independent financial advisor if you have any doubts.
Global Profit Technologies, Inc. is a publicly traded company, trading symbol: GLPT | All Rights Reserved Copyright В©2007 - Global Profit Technologies, Inc.
4X-DAT(TM), The Future of Forex Trading(TM), and Global Profit Technologies (TM) are Trademarks of Global Profit Technologies, Inc.

Joseph nemeth forex trading

The most advanced, fully automated Forex trading solution for all Forex traders, from beginners to seasoned traders.
*Notice to U. S. Residents - At this time, the 4X-DAT™ software is not available to residents of the United States.
For the last ten years, the entire Team at Global Profit Technologies, Inc. has dedicated itself to the creation of what we believe is the most sophisticated, most complete, fully automated stand-alone personal Forex trading software in the world, called the 4X-DAT™. It is an intelligent, sophisticated, yet easy-to-use software solution that automatically trades the Forex markets for you.
How does the 4X-DAT™ work?
Instead of trying to predict or guess what the market will do, the 4X-DAT™ automatically follows the TREND of the market. The main goal of the 4X-DAT™ is to enable any trader from beginner to advanced to automate the various trading strategies incorporated into the software, which are totally customizable by each individual trader to his or her own trading style, risk tolerance, etc. The 4X-DAT™ utilizes a proprietary feature called "Close All Deals," which allows each trader to consistently reach their pre-designated profit targets, combining profits from both open and closed trades.
Another key element of the software is a proprietary module called the "HARVESTER," which utilizes a combination of unique mathematical sequences, algorithms and a proprietary set of trend determining indicators to follow the exact direction of the market, in order to execute each trade accordingly. In spite of its sophistication, the 4X-DAT™ software and trading strategies can be easily learned and applied by anyone, through the educational tools offered within the 4X-DAT™ training program. Simply stated, 4X-DAT™ is the future of Forex Trading!
Risk Disclosure: Trading off-exchange foreign currencies on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Be aware of all risks associated with foreign exchange trading. Past performance is not necessarily indicative of future results. Seek advice from an independent financial advisor if you have any doubts.
Global Profit Technologies, Inc. is a publicly traded company, trading symbol: GLPT | All Rights Reserved Copyright В©2007 - Global Profit Technologies, Inc.
4X-DAT(TM), The Future of Forex Trading(TM), and Global Profit Technologies (TM) are Trademarks of Global Profit Technologies, Inc.

Joseph nemeth forex trading

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Home > Reports >Finance >Multi Level Marketing >Joseph Nemeth > Joseph Nemeth Global Profit Technologies, Inc Caveat Emptor Buyer Beware Scottsdale Arizona.
Complaint Review: Joseph Nemeth.
ED Magedson – Founder.
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20/20 exposes the real BBB.
Submitted: Fri, June 05, 2015 Updated: Fri, June 05, 2015 Reported By: Kay Colie — North Beach Maryland USA.
Joseph Nemeth.
9393 North 90th Street.
Phone: 480-327-6001 Web: 4x-dat Category: Multi Level Marketing.
Joseph Nemeth Global Profit Technologies, Inc Caveat Emptor ! Buyer beware ! Scottsdale Arizona.
This is the best way to manage and repair your business reputation. Hiding negative complaints is only a Band-Aid. Consumers want to see how a business took care of business.
All business will get complaints. How those businesses take care of those complaints is what separates good businesses from the rest.
Consumers love to do business with someone that can admit mistakes and state how they made improvements.
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Joseph Nemeth and his company, Global Profit Technologies, Inc , are proven failures and commit fraud to promote customers confidence to buy and invest in a worthless business. Mr Nemeth has the charisma to double and triple talk his way into your bank account, promising to pay back any money that may be lost after one year while using his forex trading software. Mind you, he has a "hands off Policy" once the system is tied into your brokers account, so it's all on his system. The software is supposed to prevent any losses with a trade recovery strategy that cannot take into account margins that are gone after a bad run with faulty software. This happened before, according to Mr Nemeth, but of course he blames it on the broker. My account was wiped out by his system and he did begin to pay back the 28k lost, but after two payments of 5k each, he stopped and pleaded poverty. He paid me because, quoting Mr Nemeth " I'd rather have you on my side, than against me." He said this as my upline contact is in touch with over six federal agaencies that are looking into him personally, and business. He has raised hundreds of thousands, if not millions of dollars issuing worthless stock, and refuses to provide third party proof to his claims of the valuation. During my initial interview with Mr. Nemeth I asked if he was a US citizen, a major concern to me since he was selling in the US and making promises to guarantee my money not be lost. On a tape recorded interview he said YES, he was a US citizen and had dual residency in Canada. The truth is Mr. Nemeth is not a citizen of the US (by his own words after the calamity in my account and my demand he pay it back) and claims he is now on the run due to numerous threats against him ! He drives around in $100,000.00 cars but owns nothing as he has all assets in the name of his daughter or family and friends. Using a MLM plan, he draws in people with the promise to place money into the accounts of the sales leaders equal to $1000.00 per new member that buys the software. Again, more decit as it never happened, or would it have happened. Mr Nemeth has a long history in his own country and now moving around the world to scam after scam after scam. I expect our criminal investigation agencies will put him where he belongs and help the many people that I am aware of, recover their money.
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This report was posted on Ripoff Report on 06/05/2015 11:35 AM and is a permanent record located here: ripoffreport/reports/joseph-nemeth/scottsdale-arizona-85258/joseph-nemeth-global-profit-technologies-inc-caveat-emptor-buyer-beware-scottsdale-a-1233751. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content.
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Joseph Nemeth Trading System.
This is my first thread opend in this forum so i hope i wont break any rules.
Has anyone here tried to code Joseph Nemeth trading system into an EA for automated trading?
His system is presented here youtube/watch? v=732_pz2u7Hs and looks very promising to me.
It is based on renko and heiken ashi charts with no stop loss but hedging instead. The thig is that for that to work manually someone must monitor the market 24/7. Thats why it must be implemented as an automated EA.
I am pretty sure that this person. Joseph Nemeth is a genius of statue that can not be described by using language alone. we. and I mean "WE" need something else in this case.
I am pretty sure that this person. Joseph Nemeth is a genius of statue that can not be described by using language alone. we. and I mean "WE" need something else in this case.
Auch. That hurt. Dont want to be rude but if you know something about this guy you should say it not just being sarcastic. Have you seen the video? I know he is trying to sell a software but there are principles in that presentation that can be used. Do you sugest he is more of a swildeler? He seems a honest person to me.
I am sure everything he is trying to sell is already discovered and can be obtained for free. his video looks like 1000's of similar scam videos from same crappy people. trying to make a buck selling someone's work.
I see. Well. forget about it. You can delete the thread.
I can't. and I won't (delete this thread)
Ah, the old 'getting rich with an EA'-dream I wish it to everyone, but I don't like scamers. I never was on such a cocooning session, but I understand why many people are frustrated after spending a lot of money and the work shop was only nonsense and for the cat.
Ah, the old 'getting rich with an EA'-dream I wish it to everyone, but I don't like scamers. I never was on such a cocooning session, but I understand why many people are frustrated after spending a lot of money and the work shop was only nonsense and for the cat.
99+% true and agreed. except for the part when you mentioned the cat. Cats are lovey.
Ah, the old 'getting rich with an EA'-dream I wish it to everyone, but I don't like scamers. I never was on such a cocooning session, but I understand why many people are frustrated after spending a lot of money and the work shop was only nonsense and for the cat.
The usual "future of forex" scheme. Seen so many times.
The usual "future of forex" scheme. Seen so many times.
Why do we expect the scammers to be imaginative? They are not. They are doing same old scamms over and over. They might change a detail or two but the essence is the same : they are aiming at the greed and ignorance. First is hard to control, but the second is as easy to correct as it gets, but the people are not willing to learn.