Currency Cash Flow Machine Questions & Answers
These are some questions answered by Mike Maffei on his Currency Cashflow Machine. Take a 90 days RISK FREE trial of the Macro Millionaire Coaching Program. Learn Forex Live from Hector DeVille. Why do you need algorithms and computers to trade bank order flow?
I was surprised to see this question pop up.
Apparently when some people hear the top 10 banks exchange $3.2 trillion a day in currencies, they think that means there are 10 giant trading accounts that everything is run through.
That’s not correct. These banks are trading out of thousands of accounts. They’re not funneling all of their trades through a single account. The big banks are giant institutions with trading floors the size of football fields. Often, I don’t think the left hand knows what the right hand is doing inside some of these trading floors. It’s not like UBS is placing one giant trade at a time.
We need to monitor an enormous number of currency orders as they come through real-time, and calculate what that’s telling us about the order flow. We’re aggregating the order flows and identifying patterns to find our setups. It’s not 100% perfect, but it’s better than just about anything I’ve ever seen.
I’ve spent years specializing in trading the bank order flow, and I can tell you it’s not easy. I spend hundreds of thousands of dollars every year just to maintain the equipment I need to do this.
Do I have to give you my money to trade?
NO! You maintain 100% control of your money in your trading account. I don’t even have direct access to your trading account. The mirror trading platform, which is run by Tradency, mirrors my trades as I make them in your account.
You DON’T have to hand your money over to be traded.
You DON’T give me access to your trading account.
The beauty of mirror trading is that you get the best of both worlds – pro traders working for you while YOU keep 100% control and privacy of your account. You can turn Currency Cash Machine on or off with the click of your mouse.
Can you give me more information on the mirror trading platform?
Absolutely. We’ve partnered with Tradency, the leading mirror trading platform. These are the guys who developed the mirror trading concept and have been doing this since 2005. You can go check out Tradency, and get a complete overview of how the mirror trading platform works. You can see Tradency’s Mirror Trading FAQ page. Tradency is an established company who is partnered with several of the largest and most well-known Forex brokers all around the world
Do I need a Forex account to trade Currency Cash Machine?
Yes, you do. You can’t trade currencies in a regular stock or options trading account.
Can you give me a list of Forex brokers compatible with Currency Cash Machine?
Of course. You can see the list of brokers who work with our mirror trading partner.
Is this the “holy grail” of trading?
Don’t be silly. There is no such thing, and it makes me uncomfortable when people try to suggest that’s what this is. Trading is never a “get rich quick” vehicle. It’s hard and risky, often substantially so.
You can lose just as much money as you can make. So, for any trader out there who thinks there is a perfect, invincible, “never lose” trading system that will turn you into a millionaire when you only have $100 to start with – let me welcome you to the real world and tell you: There’s no such thing. Never trade money you’re not willing to lose.
Here’s a BIG SECRET: Do you know the REAL REASON every product or service related to trading and investing has a disclaimer that says “past performance is no guarantee of future results”? Lean in close because this is going to be an eye-opener for some people:
Are you ready? OK, well, the real reason they put it there is…because it’s TRUE. Apparently that’s shocking to some people, but trading involves all kinds of risks. What worked yesterday won’t necessarily work tomorrow. That wraps up Mike’s answers to the most frequently asked questions. If you’re interested in trying Currency Cash Machine, Mike is going to start letting people demo the service very soon.