Dmitri Chavkerov | Automated Forex Trading Systems Article as seen on Yahoo Finance

Forex Peace Army’s Watanabe Test Forex Project Revolutionizes Some Traders’ Attitudes Towards Automated Forex Trading Systems, Including Those of Metatrader Forex Expert Advisors, Says CEO Dmitri Chavkerov

NORTH PORT, Fla., Sep. 05, 2013 /PRNewswire/ — When one and a half years ago, Forex Peace Army announced its Watanabe Test Forex Project, many traders were hopeful of finally realizing the dream of a set of automated forex trading systems making them money while they sleep.  Today, however, their dreams seem much further from reality than before.

“Honesty, or rather lack of it, has always been an issue in the forex world, especially when it comes to companies, whose business depends on the reporting of trading performance.  Forex Peace Army filled that niche by introducing technology, which allowed companies to hook up their live trading accounts to our system, and us in turn displaying it on our website live,” says Dmitri Chavkerov, CEO of ForexPeaceArmy.com, one of world’s most visited websites in the world for forex information.

“Since its inception, we have had more than 800 tests submitted through our system, more than half of which were submitted into the metatrader forex expert advisor category, which of course is a huge number, considering that forex testing is a relatively small niche activity in itself, let alone the forex metatrader expert advisor category,” he says.

Metatrader is a popular trading platform that most forex brokers offer to their clients.  An expert advisor is a program, which follows a set of predetermined rules to automatically open and close trades.

“If one looks on Forex Peace Army website right now, they’ll see 77 active tests in the metatrader forex expert advisor category.  All of them are for real accounts.  For example, we have a test that started on January 14th, 2013 with equity of $2,500, which currently has equity of $8,406.62.  That’s a return of 236.26% in less than 8 months.  A person looking at such test may get excited and assume that if he were to put $10,000 into an account and allowed this expert advisor to trade it for him, he would have $33,626 in 8 months, but our Watanabe Forex Test Project, which we started one and a half years ago showed that it’s not nearly that simple,” says Dmitri Chavkerov.

globe advisor

In 2012, Forex Peace Army introduced a forex trader, who is known in their forums as Mrs. Lee.  She decided to choose several top performing expert advisors through Forex Peace Army’s performance testing section and hook them up to her real forex trading account, in an attempt to replicate their performance.

“Over a period of 74 weeks, Mrs. Lee has invested a total of $1,451.38.  Her current account equity, including withdrawals is at $918.10.  That’s a total loss of -36.74%,” says Dmitri Chavkerov.

“When new people come to forex, most of them assume that there exists a trading system that they would be able to learn, dedicate certain number of hours per day at the computer, and at the end of the month come out profitable.  After a while of struggling, most of them learn about the existence of automated trading systems, so they say: ‘Great, instead of me watching the markets for hours at a time and executing orders, I’ll let an automated trading system do that for me.’  They then may end up on Forex Peace Army, see these metatrader forex expert advisor tests with impressive performance, some of which have been running for more than a year.  They buy the advisor, launch it on their usually relatively large trading account, since they plan to live off of it, and within a matter of months, and sometimes even weeks, their account goes bust,” says Dmitri Chavkerov.

“That happens because most expert advisors are programmed from market data for the past several years.  A profitable formula of parameters is derived from the old data, under the assumption that the market patterns will remain the same or similar for many more years to come.  What the program cannot take into consideration is that just like in life, nothing happens in the forex markets in exactly the same way again.  If similar market conditions continue to exist for a while, the expert advisor may be profitable for that while, and then, when market conditions change, it will blow the equity of the account.  Nobody knows for how long the market conditions will remain similar.  They may last 2 years, 2 months, 2 weeks, 2 days, or even 2 hours,” says Chavkerov.

If a particular roulette had a history of 8 blacks, and 2 reds, the chance of it being a black on the next spin would not be 80%, but would still be less than 50%.

According to Dmitri Chavkerov, since past performance in forex can never guarantee future results, one can apply similar roulette logic to the forex expert advisors.

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Forex Peace Army | Eliminate Clutter and Attract Abundance

Forex Peace Army - AOL DailyFinance- Attracting Wealth

According to Forex Peace Army’s Dmitri Chavkerov, people’s minds need to be clear and calm to think in the right direction and take the right steps in all stages of their lives. When the mind is cluttered with unwanted thoughts and beliefs then the people would not be able to think coherently and they would have negative influence running in them. Qualities like greed and fear are detrimental to the personality of an individual and will keep them from making the right trading decisions.

Forex Peace Army President Dmitri Chavkerov Advises Traders To Eliminate All Useless Things From Their Lives In Order To Attract Abundance Into Their Trading Accounts

NORTH PORT, Fla., Dec. 10, 2013 /PRNewswire/ — Forex Peace Army President Dmitri Chavkerov advises traders to eliminate all useless things from their lives in order to attract abundance and wealth into their trading accounts.  Forex Peace Army helps forex traders with various levels of trading experience by providing forex trading information, including signals and analysis, knowledge about latest tools, technology and research. Forex Peace Army has been operating for the past 8 years and continues to enjoy more and more traffic every year from people interested in the foreign currency trading.

According to Dmitri Chavkerov, it is important to discover and understand the basic principles that help in leading a harmonious life. When people create harmony and peace in life, they drive away any negative thoughts and energy from their trading space, thus creating a more positive outcome in their trading.

According to Forex Peace Army’s Dmitri Chavkerov, people’s minds need to be clear and calm to think in the right direction and take the right steps in all stages of their lives. When the mind is cluttered with unwanted thoughts and beliefs then the people would not be able to think coherently and they would have negative influence running in them. Qualities like greed and fear are detrimental to the personality of an individual and will keep them from making the right trading decisions.

“Every single thing you own occupies a space in your mind, and your thinking becomes less efficient. This is why in terms of clothing I only own three shirts, few pairs of pants, three pairs of socks, and three warmer pieces of cloth. You do not have to go to that extreme, but you absolutely must eliminate all of the useless things from your life,” says, Forex Peace Army CEO Dmitri Chavkerov.

Dmitri Chavkerov advises traders to throw away whatever they find useless that has been filling their space for all useless clutter will have a tendency to prevent one from attaining their goals and attracting wealth, prosperity and abundance into their life. If one keeps on accumulating wealth without a proper balance of giving back to the society then it gives rise to problems and financial success will become a goal hard to achieve.

 

boston globe

Forex Peace Army’s President Dmitri Chavkerov says that traders need to get rid of anything that sags their progress. They can give it or throw it away but they should get rid of it to give space for positive energy to flow in. The lesser the things, the better will be the efficiency levels which in turn gives rise to proper functioning of the mind and thought process.

“Give them away, throw them away, the fewer useless things you have, the more efficiently your mind will operate, and abundance gets attracted to efficiency, and avoids all inefficiencies. If you are a pack-rat, or in other terms if you suffer from compulsive hoarding, it will greatly slow down your financial progress,” says Dmitri Chavkerov President of Forex Peace Army.

Forex Peace Army has the largest database of reviews for forex companies. Forex Peace Army has been helping out forex traders from all walks of life for several years now. Dmitri Chavkerov, who founded Forex Peace Army eight years ago is a successful forex trader himself.

Dmitri Chavkerov of Forex Peace Army says that the primary way to gain harmony, inner peace, and abundance in life is to give to others on a regular basis. Apart from giving proportionally, it is necessary for traders to unclutter their life by removing all useless things that have been in their life so far so that they will be able to experience success. Dmitri Chavkerov believes that by taking away unwanted qualities like greed and fear, love and affection naturally flows in giving way to rational thinking and decision making when it comes to investments.

“Most businesses are built around serving people, so if you serve your customers well, you may still prosper even without tithing, but remember that in forex trading, you serve nobody, and unless you make an opening of at least 10% in your trading account that will benefit a charity, your success will be extremely difficult to achieve, because as a rule, great financial abundance is a result of great service to large numbers of people,” says Forex Peace Army founder Dmitri Chavkerov.

SOURCE: Forex Peace Army

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Dmitri Chavkerov | Paying Taxes and Saving- The Path to Monetary Success

Dmitri Chavkerov | CNBC Story on Wrong Monetary Commitments

Investment options like real estate are often looked upon as a way out to save money on taxes people pay to the government. According to Dmitri Chavkerov, this turns out to be a major hindrance for one to attain the path of success as they will have to channel all the money they have towards the unwanted monetary commitment created to save on taxes.

Dmitri Chavkerov President of Forex Peace Army Advises People Not to Get Into Unwanted Monetary Commitments in Order to Evade Taxes

NORTH PORT, Fla., Nov. 5, 2013 /PRNewswire/ — Dmitri Chavkerov, CEO of Forex Peace Army, advises people not to make unwanted monetary commitments so that they can lower the tax amount paid as it would eventually cost them much more than they had expected. Forex Peace Army, an established forex trading information portal online, is the brainchild of Dmitri Chavkerov, who has been helping traders attain success with effective methods and techniques.

Investment options like real estate are often looked upon as a way out to save money on taxes people pay to the government. According to Dmitri Chavkerov, this turns out to be a major hindrance for one to attain the path of success as they will have to channel all the money they have towards the unwanted monetary commitment created to save on taxes.

“As you get richer, you will have to pay more in taxes. Accept it as a fact and pay them. You see, greed blinds people, so most rational people start making very irrational decisions,” says Dmitri Chavkerov of Forex Peace Army.

Dmitri Chavkerov of Forex Peace Army has seen people suffer after getting themselves into a tough monetary situation that would not let them save money for years.

“I have one particular friend who made very little money before, and his taxes were next to nothing. Then he started to become wealthy, and his taxes increased to around $100,000 per year. Greed took him over, and he said that he must reduce his taxes. The only way to reduce taxes in most countries is to increase your spending. So this guy wants to sell his $350,000 comfortable condo, and get into a much bigger debt by buying a $750,000 house, which he really doesn’t need. All of this in depreciating real estate market, just to reduce his taxes. He figured that this way, instead of paying $30,000 per year in mortgage and property taxes, he will pay $65,000 per year in mortgage and property taxes, and this way will have to pay less to the government in income tax, ” says Dmitri Chavkerov, President Forex Peace Army

invest talk

People go for investment options like real estate in order to have large tax write offs paid to the government. Eventually, they come to understand that real estate as investment can be a huge burden as they now have to spend more money on it instead of putting it into savings.

“When changing your house, you must remember that for the first 5 years, most of the money you make in mortgage payments on new house will go towards the interest and not equity, so for a while, you’ll be making payments into thin air. Also remember that you will right away lose 10% on selling your house in repairs, realtor commissions, and closing costs in some cases. You will also lose some amount in buying a new house. If you happen to buy new house first, it can take you many months to sell your old house, and you will waste lots of money in useless mortgage payments on it,” says Dmitri Chavkerov, CEO of Forex Peace Army.

Most of them get into wrong monetary commitments that would haunt them for years as they do not have proper awareness about investment and savings. Paying taxes and saving the rest is the best way to attain the path of monetary success.

“Many people are bad at math and they treat tax deduction in the same way as tax credit. They don’t understand that every time you spend more in order to increase your tax-deductible spendings, you indeed save 40% from your taxes, but the other 60% goes directly out of your savings. Plus if you say that you are not willing to pay to the government more than $100,000, that means that your subconscious will never allow you to make a million, because from a million, you’ll have to pay even more in taxes. When your tax bill comes, and it’s much higher than last year, celebrate! It simply means that you made a lot more money,” says Dmitri Chavkerov of Forex Peace Army.

Forex Peace Army has been providing traders with practical methods that help them take the right course of action when trading. Dmitri Chavkerov has been contributing to the forex currency trading arena through his website Forex Peace Army for 8 years now.

“Let’s say you made $300,000 in one year, and your tax-deductible spendings are $100,000. So you pay 40% tax on $200,000 net income, and you have $120,000 left over that you could put into savings. This money in your savings will allow you to think bigger and make more money next year. In addition to that, the difference between your high income and low spending will provide a cozy feeling of financial security,” says Forex Peace Army CEO Dmitri Chavkerov.

SOURCE: Forex Peace Army

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