Automated Trading wisefx

mattock800

Anyone know any automated trading programmes out there that definitely work also i have seen this company wisefx based on pembroke street dublin that offers this software anyone know anything about them

Samson

Be interested in people's views on this myself, as I am hearing their ad on Newstalk a lot lately.
I assume you have to pay something fairly substantial for the software?

strmin

mattock800 wrote: »

Anyone know any automated trading programmes out there that definitely work also i have seen this company wisefx based on pembroke street dublin that offers this software anyone know anything about them

Just think for a second. If you had a trading program which DEFINITELY works, why would you sell it to anyone? You would be making millions yourself WITHOUT selling software.

dealhunter1985

What do you mean when you say 'definitely works' ?

A quick look on their site and I came across the following :

'Historical data clearly states that WiseFX has managed above 50% success rates of all trades on a bi-annual or annual basis.'

eeepaulo

dealhunter1985 wrote: »

What do you mean when you say 'definitely works' ?

A quick look on their site and I came across the following :
]What do you mean when you say 'definitely works' ?

A quick look on their site and I came across the following :

'Historical data clearly states that WiseFX has managed above 50% success rates of all trades on a bi-annual or annual basis.'

There are progressive betting systems in roulette that give very high 'success' rates, if by success you mean doing better than even, the problem is the fewer times you lose, you lose alot more so do not win overall.

I had a look at the site, they keep making references to high frequency trading, without saying this is what they are doing, if i owned a HFT server in one of the exchanges i would simply use it

I would actually like to see the data, or download and test the program, i bet you can not get a trial.

It seems very very suspect to me

simongurnick

These guys have nothing special

from their website: WiseFX sends commands to the broker to purchase/sell a currency when an opportunity presents itself based on trends within data

That's basically a trade trigger based off some charting studies. Nothing unique or proprietary there. Their website looks really cheap too. Throw in a pic of the NYSE on your front page for credibility.
Run a mile.

rankingelite

It's a load of bull****, without risk any of my money with them.. They need to get their site redesigned badly!!

WISEFX

Hi Guys,

Good to see interest here in the product and we do genuinely appreciate the feedback.

You may see that we don't generally engage in blogs however, as often there is little to be gained, by anyone, in discussions with anonymous postings which can often be influenced by mis-information, competitors or just plain fiction.

The nature of our product along with data protection laws prevent us from posting live customer accounts or detailed financial information online or to our website. Without this level of verification, frankly any results we could post, such as our own accounts, could not be independently validated and would thus carry little weight.

For this reason, perhaps the best thing to do though would be to pop in to see us in Dublin or London and we can answer any of your questions face to face. It is worth noting that most information on the product is taken from live trading/demonstrations, after all, the proof is in the pudding!

We do also have many happy customers now in and around the UK and Ireland so we can offer genuine buyers the opportunity to speak with people who actually own the software and get first hand feedback, in addition to trading statements and a money back guarantee.

We have phones, email and physical addresses to answer genuine enquiry and are always happy to do so. You may also be interested in what the good people at CNN Money (youtube ID: watch?v=2u007Msq1qo) have to say about the automated trading industry generally and perhaps why providers like us make, use and sell the technology as a business model


We trust this single post addresses questions raised and thank you again for your interest, we look forward to seeing you soon.




WiseFX Team

Boards.ie: Niamh

Edited to add: Wise FX have now been verified and signed up a Verified rep account - welcome to Boards

Hi WISEFX,
In order to represent a business on the site you will need a verified rep account - please contact me on hello@boards.ie about this. Please refrain from posting under this account in the meantime.

Thank you.

Brussels Sprout

That ad on NewsTalk screams "get rich quick scheme"

tralalala

The only ones making money from this would be wisefx. Stay away people. If that stuff was making money on its own then they would not sell the solution but use it for themselves. Think about the salesmen motivation before you buy a product or a service

agentcalm

The cost buying their software licence is 12 grand. You must then invest a minimum of 5K. That 12K software license is making me run away. I just joined this forum as i have no idea about investing and would like to get into it. i dont expect to make 500 grand in a swoop but even say 200 euro every month or so would really help me as i going under like a lot of people in this country. I really cant afford to throw away 12K on some software licence.

HBrody

I went into dublin to meet the guys and look at a live demo. Looked good to me. I'm happy to get started based on what I've seen and the customer I spoke to that has had an account for a few months. I'm sick of what the banks are paying and I like that this doesn't lock me in. Personally I also like that i get my results in a trading statement from a broker I choose, not the guy selling it to me! I'm happy to post these here in coming months as well so lets see..

WISEFX

Hi Guys, thanks again for the comments. Just to be clear and for the record, WiseFX is NOT a get rich quick scheme. In fact, prospective customers that actually meet us are told that very clearly.

Any trading takes time and even more so with Micro-Trading as the individual returns are very small, often just a Euro or two a time. Many accounts have been running for years to deliver the consistent results we speak of and it is the cumulative effect of these tiny trades, over TIME, that makes the returns.

We don't apologise for having a great product that requires an investment to get started. We are a premium provider and the pricing mentioned above is extremely good value for the guaranteed returns offered.

In response to; Why are they selling the software to others when it is so good?

The company’s business model includes offering the WiseFx product to others as well as investing company funds in the system.

It is common for companies to not only develop product but also sell it.

Companies such as Apple, Microsoft, Ford all began with a single inventor that had a passion for a product that would solve a problem, a better computer, or a horseless carriage.

In the financial markets one can often see massive funds or companies both buying their own stock and selling it.

Warren Buffet, one of the worlds leading investors, is a great example of this, He not only owns companies but sells them and their products. One could as well ask “if he was such a wise investor, why would he let anyone else in on what to buy, he could just own it all himself”. WiseFX enjoy using the product and helping others enjoy it.

The currency market turns over around 5 trillion dollars a day globally. There is plenty of opportunity for us to enjoy profits from "using the machine and selling the machine" in a market of this size. We could not diminish the pool.

Finally, don't just take our word for it. You may be interested in a recent article that appeared on WiseFX in the Press and Journal, Financial Review (attached), it gives a good analysis of the market we are in (automated trading) and how WiseFX operates.

Hope this helps and again remind everyone that we not only guarantee the product but give you the opportunity to speak with real Irish (and UK) customers who enjoy it before purchasing. We can't be fairer than that can we?

eeepaulo

WISEFX wrote: »

We don't apologise for having a great product that requires an investment to get started. We are a premium provider and the pricing mentioned above is extremely good value for the guaranteed returns offered.

What are the guaranteed returns?

zpehtsfd

WISEFX wrote: »

Hi Guys, thanks again for the comments. Just to be clear and for the record, WiseFX is NOT a get rich quick scheme. In fact, prospective customers that actually meet us are told that very clearly.

Any trading takes time and even more so with Micro-Trading as the individual returns are very small, often just a Euro or two a time. Many accounts have been running for years to deliver the consistent results we speak of and it is the cumulative effect of these tiny trades, over TIME, that makes the returns.

We don't apologise for having a great product that requires an investment to get started. We are a premium provider and the pricing mentioned above is extremely good value for the guaranteed returns offered.

In response to; Why are they selling the software to others when it is so good?

The company’s business model includes offering the WiseFx product to others as well as investing company funds in the system.

It is common for companies to not only develop product but also sell it.

Companies such as Apple, Microsoft, Ford all began with a single inventor that had a passion for a product that would solve a problem, a better computer, or a horseless carriage.

In the financial markets one can often see massive funds or companies both buying their own stock and selling it.

Warren Buffet, one of the worlds leading investors, is a great example of this, He not only owns companies but sells them and their products. One could as well ask “if he was such a wise investor, why would he let anyone else in on what to buy, he could just own it all himself”. WiseFX enjoy using the product and helping others enjoy it.

The currency market turns over around 5 trillion dollars a day globally. There is plenty of opportunity for us to enjoy profits from "using the machine and selling the machine" in a market of this size. We could not diminish the pool.

Finally, don't just take our word for it. You may be interested in a recent article that appeared on WiseFX in the Press and Journal, Financial Review (attached), it gives a good analysis of the market we are in (automated trading) and how WiseFX operates.

Hope this helps and again remind everyone that we not only guarantee the product but give you the opportunity to speak with real Irish (and UK) customers who enjoy it before purchasing. We can't be fairer than that can we?

Typical salesman spiel. Next you'll be telling us all that your software makes the world a better place. Apple, Microsoft and Ford are all in the business of making products and more importantly making money. In order for them to make money they need to sell to consumers. WiseFX is a product that supposedly makes money by trading the currency markets. It does NOT require the need to sell to consumers to make money so to compare your business model to other consumer driven companies is ridiculous.

The Warren Buffett analogy is off the wall. Again he invests in companies that offer products or services and their earnings are driven by private/public demand.

The whole marketing campaign around WiseFX has been terrible and has reeked of a "get rich quick scheme". Your postings, as the WiseFX spokesperson here, has just exacerbated this view. All in all a product is as good as its developers and judging by the amateurs that run this show i'd stay far away. IMHO.

Finally if you want to continue to promote your product show some integrity and speak to us like we have some level of intelligence.

WISEFX

Thank you for your passionate reply "zpehtsfd", I think it may go someway to illustrate my point on an earlier post however that anonymous blogs, and often thus their very nature, are sometimes counter productive. Cluttered with competitors, market researchers and those that find a voice behind a glowing screen. We do welcome a discussion with anybody, face to face, or online that has an identity they are not afraid to share. We are public, and verified, and happy to be so here. Beyond that I wont get drawn any further into the aspects of your comment for fear of being chastised for being too "salesman ish".

It seems, no matter how many guarantees we could offer, or how much proof, there would be an "answer", usually of course by those that do not own the product. That do not know anyone that owns it, or in fact often that has not seen it or understood it.

I am guilty of loving what I do and the product I sell. I don't hide from the fact. We are easily visited in person and again, should you wish to pop in and say high, share a cup of tea or a pint, you are most welcome, I would love to go into our business model and why it works for us AND our customers, along with many thousands of companies globally. You see, we do make a product, use it and require consumers. Nothing new there. In lieu of that though, we have a motto here.. "the proof is in the pudding".

Often we see comments from people that simply cant afford the product, and are angry about it. Maybe people that have lost money somewhere or that have been hurt in someway. We are here to help (albeit far from daring to dream of making the word a better place).

I offer you the proof "zpehtsfd", and only you, (we would not want to be drowned in a swarm of those who want something for nothing). We will give you, FREE of charge, use of a license for twelve months. No strings, no hooks.

You will need to fund a trading account with YOUR broker which would have 10,000 Euro and then you are underway. This money is under your direct control at all times and you can "pull the plug" anytime you feel the software is not performing. At the end of this period I welcome your very public, and I trust, very honest feedback in what ever forum you wish. I also invite you to donate the closed profits to a local Dublin charity. We will match them equally dollar for dollar.

I do not wish to fight with you or to persuade you, merely to help you form an educated and balanced view.

Simply reply to this with your contact details (again as we are all adults here) and I will be happy to contact you and arrange setup for you at your earliest convenience. I stress again, you are not giving US a cent. You are merely being given the opportunity to actually test and understand the product first hand.

I trust, following that, we will be the very best of friends.

I will leave it at that and wish you all well.

jmcphers81

Can I get in on this offer? I've heard your ads and like the sound of it but don't have all the funds yet..

agentcalm

That is a very fair challenge WiseFX. I am a little nervous about jumping into this but i agree with what you say about "invisible" comments from a log on handle. The commentator could indeed be a competitor etc. I have been in communication with WiseFX but should really drop in someday as you suggest.

ulinbac

This smells of BS!! The original poster has only one post and 2 more of the guys have <5 and only joined over the last few days.

You might make a euro but they don't mention the cost of spreads, brokerage fees and stamp duty.

Be careful of these AMAZING sytems, often prices are taken from the mid price not the buy price and they are already up with a minor move in the market.


Can blame anyone for trying to make a buck developing these but if your stupid enough to spend the money on a system and lazy trading you deserve to lose the money and will.

If trading was that easy everyone would do it!!!!!!!

arrowloopboy

How much does it cost ?

arrowloopboy

A passive income tool no less , guaranteed income they said , 12 fcuking grand they said. Is that dellboy or Rodney that's posting for wisefx (wise for them if than locate enough suckers ) and they might , with lazy fools expecting money for jam .good luck with that . P.s , if any of ye want a guarantee , buy a toaster .

agentcalm

You know the one thing I would like to find, are actual reports on this by the financial industry. Lets be honest, we are all just ordinary Joes n Josephines here with our own opinions. But is there anywhere we can check an official , independent report on WiseFX. I could call any financial advisor tomorrow but they will of course dismiss Wise because they would want me to put my money in one of THEIR ventures.

arrowloopboy

The proof is in the pudding you say , prove it so , get us all off your back , post your next 20 trades in real time on here , if their scalping trades don't bodder posting .

hasselheff

has anyone joined up to wise fx,i have been trying to get in touch with them for the last few weeks but am not having luck,does anyone know if the are still in business.

muddyfunkstr

I signed up with WiseFX and haven't been able to get any response from them since December. Not happy! I'm looking for other subscribers with a similar experience.

aphex™

Mr. Chubb was in the news recently.

Happy Googling.

http://www.companydirectorcheck.com/jonathan-chubb-4

agentcalm

Hi Muddy. Just sent you a friend request. I've had a lot of problems with these guys. I dont want to discuss it in depth in a chat room. Would be happy to fill you in on a one to one if you want to get in touch directly.
cheers.

arrowloopboy

arrowloopboy wrote: »

A passive income tool no less , guaranteed income they said , 12 fcuking grand they said. Is that dellboy or Rodney that's posting for wisefx (wise for them if than locate enough suckers ) and they might , with lazy fools expecting money for jam .good luck with that . P.s , if any of ye want a guarantee , buy a toaster .

See above !

Tugboats

arrowloopboy wrote: »

See above !

You have to respect someone who buys an FX Robot on EBay for $49 and repackages it for 12k. That's some trade

arrowloopboy

Tugboats wrote: »

You have to respect someone who buys an FX Robot on EBay for $49 and repackages it for 12k. That's some trade

Good point ,cracking roi,I just wonder how many did they snare,and was it at 12k a skull .